<SEC-DOCUMENT>0000897101-12-000451.txt : 20120315
<SEC-HEADER>0000897101-12-000451.hdr.sgml : 20120315
<ACCEPTANCE-DATETIME>20120315152152
ACCESSION NUMBER:		0000897101-12-000451
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120315
DATE AS OF CHANGE:		20120315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNICATIONS SYSTEMS INC
		CENTRAL INDEX KEY:			0000022701
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				410957999
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31588
		FILM NUMBER:		12693775

	BUSINESS ADDRESS:	
		STREET 1:		213 S MAIN ST
		CITY:			HECTOR
		STATE:			MN
		ZIP:			55342
		BUSINESS PHONE:		3208486231

	MAIL ADDRESS:	
		STREET 1:		213 MAIN STREET
		STREET 2:		P O BOX 777
		CITY:			HECTOR
		STATE:			MN
		ZIP:			55342
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>csi120466_10k.htm
<DESCRIPTION>FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<BR>

<HR style="MARGIN-TOP: -5px" width="100%" color=black noShade SIZE=4>
<HR style="MARGIN-TOP: -10px" width="100%" color=black noShade SIZE=1>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=4>UNITED
 STATES</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=4>SECURITIES
 AND EXCHANGE COMMISSION</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Washington, D.C. 20549</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=6><B>FORM 10-K</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Mark One)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=WINGDINGS>x</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>For the fiscal year ended December 31, 2011</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Commission File Number: 001-31588</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=6><B>COMMUNICATIONS
 SYSTEMS, INC.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Exact name of registrant as specified in its charter)</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="84%" ALIGN=CENTER>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="46%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="45%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Minnesota</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>41-0957999</B></FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(State or other jurisdiction</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Federal Employer</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>of incorporation or organization)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Identification No.)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>10900 Red Circle Drive, Minnetonka, MN 55343</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Address of principal executive offices and zip code)</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Registrant&#146;s
telephone number, including area code: (952) 996-1674</B></FONT></P>

<P><FONT SIZE=2><B>Securities registered
pursuant to Section 12(b) of the Act:</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="84%" ALIGN=CENTER>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="46%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="45%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Title of each class</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Name of each exchange on which registered</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Common Stock, $.05 par value<BR>
 Preferred Stock Purchase Rights</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>NASDAQ</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Securities registered
pursuant to Section 12(g) of the Act: None</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Indicate by
check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act. YES <FONT FACE=WINGDINGS>o</FONT> NO <FONT FACE=WINGDINGS>x</FONT></FONT></P>

<P><FONT SIZE=2>Indicate by
check mark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act. YES <FONT FACE=WINGDINGS>o</FONT> NO <FONT FACE=WINGDINGS>x</FONT></FONT></P>

<P><FONT SIZE=2>Indicate by
check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES <FONT FACE=WINGDINGS>x</FONT> NO <FONT FACE=WINGDINGS>o</FONT></FONT></P>

<P><FONT SIZE=2>Indicate by
check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T during the
preceding 12 months (or for such shorter period that the registrant was
required to submit and post such files). YES <FONT FACE=WINGDINGS>x</FONT> NO <FONT FACE=WINGDINGS>o</FONT></FONT></P>

<P><FONT SIZE=2>Indicate by
check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of registrant&#146;s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. <FONT FACE=WINGDINGS>x</FONT></FONT></P>

<div><FONT 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.<BR>
See definition of &#147;accelerated filer,&#148; &#147;large accelerated filer&#148; and &#147;smaller
reporting company&#148; in Rule 12b-2 of the Act.</FONT></div>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="21%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="23%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="29%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Large
 Accelerated Filer <FONT FACE=WINGDINGS>o</FONT></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Accelerated
 Filer <FONT FACE=WINGDINGS>x</FONT></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Non-Accelerated
 Filer <FONT FACE=WINGDINGS>o</FONT></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Smaller
 Reporting Company <FONT FACE=WINGDINGS>o</FONT></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Indicate by
check mark whether the registrant is a shell company (as defined in Rule 12b-2
of the Act). YES <FONT FACE=WINGDINGS>o</FONT> NO <FONT FACE=WINGDINGS>x</FONT></FONT></P>

<P><FONT SIZE=2>The aggregate
market value of the voting and non-voting common equity held by non-affiliates
of the Registrant was approximately $119,701,000 based upon the closing sale
price of the Company&#146;s common stock on the NASDAQ on June 30, 2011.</FONT></P>

<P><FONT SIZE=2>As of March 1,
2012 there were outstanding 8,470,015 shares of the Registrant&#146;s common stock.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="40%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="60%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Documents
 Incorporated by Reference:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Portions of
 the Company&#146;s Proxy Statement for its Annual Meeting of Shareholders to be
 held on May 22, 2012 are incorporated by reference into Part III of this Form
 10-K.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR style="MARGIN-TOP: -2px" width="100%" color=black noShade SIZE=1>
<HR style="MARGIN-TOP: -10px" width="100%" color=black noShade SIZE=4>

<P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>PART
I</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 1.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>BUSINESS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B> (a) GENERAL
DEVELOPMENT OF BUSINESS</B></FONT></P>

<P><FONT SIZE=2>Communications
Systems, Inc. (herein collectively referred to as &#147;CSI,&#148; &#147;our,&#148; &#147;we&#148; or the
&#147;Company&#148;) is a Minnesota corporation organized in 1969 that operates directly
and through its subsidiaries located in the United States (U.S.), Costa Rica,
the United Kingdom (U.K.) and China. CSI is principally engaged through its
Suttle and Austin Taylor business units in the manufacture and sale of modular
connecting and wiring devices for voice and data communications, digital
subscriber line filters, and structured wiring systems and through its
Transition Networks business unit in the manufacture and sale of media and rate
conversion products for telecommunications networks. Through its JDL
Technologies business unit, CSI also provides IT solutions including network
design, computer infrastructure installations, IT service management, change
management, network security, and network operation services.</FONT></P>

<P><FONT SIZE=2>The Company
maintains a website at www.commsystems.com. Our annual reports on Form 10-K,
our quarterly reports on Form 10-Q and our periodic reports on Form 8-K (and
any amendments to these reports) are available free of charge by linking from
our website to the Securities and Exchange Commission website.</FONT></P>

<P><FONT SIZE=2><B> (b) FINANCIAL
INFORMATION ABOUT INDUSTRY SEGMENTS</B></FONT></P>

<P><FONT SIZE=2>The Company
classifies its businesses into four segments: <I>Suttle</I>,
which manufactures U.S. standard modular connecting and wiring devices for
voice and data communications; <I>Transition
Networks, </I>which designs and markets media conversion products,
Ethernet switches, and other connectivity and data transmission products; <I>Austin Taylor, </I>which manufactures British standard
line jacks, patch panels, metal boxes, distribution and central office frames;
and <I>JDL Technologies, (JDL</I>),
which provides IT solutions. Non-allocated general and administrative expenses
are separately accounted for as &#147;Other&#148; in the Company&#146;s segment reporting.
There are no material intersegment revenues. Further information regarding the
various segments including customer and industry concentration, is set forth in
Item 7, &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results
of Operations&#148; and in Note 11 of the Notes to Consolidated Financial Statements
under Item 8, herein.</FONT></P>

<P><FONT SIZE=2><B> (c) NARRATIVE
DESCRIPTION OF BUSINESS</B></FONT></P>

<P><FONT SIZE=2><B> (1) <U>Information
Regarding Business Segments</U></B></FONT></P>

<P><FONT SIZE=2><B> (i) <U>Suttle</U> </B></FONT></P>

<P><FONT SIZE=2>Suttle
manufactures and markets copper and fiber connectivity systems, enclosure
systems, XDSL filters and splitters, and active technologies for voice, data
and video communications under the Suttle brand name in the United States and
internationally. Suttle also manufactures and markets a line of residential structured
wiring products under the SOHO (Small Office Home Office) Access &#153; brand name.
Approximately 55% of Suttle&#146;s products are manufactured at its plants in
Hector, Minnesota (Suttle Apparatus Minnesota Division) and San Jose, Costa
Rica (Suttle Costa Rica, S.A.). The other 45% are purchased from offshore
contract manufacturers. Segment sales were $36,637,000 (25% of consolidated
revenues) in 2011 and $36,562,000 (30% of consolidated revenues) in 2010.</FONT></P>

<P><FONT SIZE=2><U><B>Products</B></U></FONT></P>

<P><FONT SIZE=2>Suttle offers
a broad range of critical components for premise and outside plant networking.
The company&#146;s customer-oriented approach provides right-sized solutions that
leverage existing infrastructure and protect investments as markets and
technologies grow and change. With over 100 years of knowledge and experience,
Suttle is a reliable partner, delivering innovative, flexible, easy-to-use
solutions, lower cost of ownership, and solid customer support.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>2</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>Connectivity:</B></FONT></P>

<P><FONT SIZE=2>In the face of
changing technology, the right equipment can accommodate upgrades in
technology, reducing future as well as current costs. Suttle&#146;s passive premise
equipment for single family units (SFU) and multi-dwelling units (MDU)
dwellings presents a variety of opportunities. In Brownfield applications,
Suttle offers innovative new fiber and copper connectivity products that
interact easily with existing equipment, reducing the cost of installation. In
Greenfield applications, Suttle offers tool-less copper connectivity products
that simplify installation and reduce labor costs. These technologies can even
allow for customer installation, eliminating the need for a truck roll
entirely. </FONT></P>

<P><FONT SIZE=2>As a leading
producer of passive components, Suttle works to understand real-world
applications and market needs. Suttle stresses the importance of labor costs
and the consequences of premature failure or obsolescence. The company works
with major service providers, adapting its connectivity portfolio to changing
markets, technologies, and infrastructure. </FONT></P>

<P><FONT SIZE=2>Suttle is
continuing to expand its U.S. manufacturing to maximize flexibility and
minimize lead times. It is committed to maintaining both internal and external
quality standards as well as industry product specifications. Suttle was one of
the first companies to pass the new Telcordia GR-3167 standard for VDSL2 along
with the TR-127 for ring trip mitigation allowing our splitters to leverage
existing infrastructure for next generation IPTV services. Our focus on
quality, product performance and customer support allows us to continue to
develop new innovative product solutions.</FONT></P>

<P><FONT SIZE=2><B>Home Distribution:</B></FONT></P>

<P><FONT SIZE=2>Wiring a home
for service can be both costly and time-consuming. Suttle provides complete,
cost-effective connectivity solutions that utilize a home&#146;s existing wiring.
These home distribution products reduce installation time and labor costs. In
addition to reducing a service provider&#146;s up-front costs, the high throughput
of Suttle&#146;s solutions helps eliminate potential bottlenecks to &#147;future-proof&#148;
the installation.</FONT></P>

<P><FONT SIZE=2>Suttle is
augmenting over 100 years of home connectivity experience, adding expertise in
advanced active home distribution to provide the systems and components that
service providers need to compete in today&#146;s quickly growing market. These
technologies allow service providers to maximize existing infrastructure
without sacrificing quality while reducing total cost of infrastructure
ownership.</FONT></P>

<P><FONT SIZE=2><B>Outside Plant Configurations:</B></FONT></P>

<P><FONT SIZE=2>Outside plant
can be the most challenging aspect of telephone or cable infrastructure. It
must deal with environmental challenges yet be easily accessible. The overall
product design can extend the life of the existing network, enhance data
speeds, and prevent loss. It can affect all aspects of service implementation,
ease of maintenance, and overall cost of labor. </FONT></P>

<P><FONT SIZE=2>Suttle understands
these challenges and knows the importance of total cost of ownership,
reliability, and quality of service. Its systems are designed for flexibility
in real world applications for both copper and fiber networks. </FONT></P>

<P><FONT SIZE=2><U><B>Markets and Marketing
</B></U></FONT></P>

<P><FONT SIZE=2>Suttle markets
its connectivity, outside plant configuration, and home distribution products
to telecommunications companies globally. Suttle has a long history of selling
to some of the largest global providers and it does so by understanding the
customer&#146;s needs and providing innovative solutions coupled with strong
customer support. Additionally, Suttle markets its products to service
providers, residential builders, and low voltage installers through
distributors and the Company&#146;s sales staff.</FONT></P>

<P><FONT SIZE=2>Suttle reaches
its targeted customers through a variety of marketing mediums including trade
shows, associations, advertising, social media and the Suttle website,
www.suttleonline.com.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><U><B>Customers </B></U></FONT></P>

<P><FONT SIZE=2>Suttle&#146;s
customers include the major communication companies globally, including both
telephone and cable service provider companies. The Company&#146;s major telephone
company customers include Verizon, ATT, and CenturyLink (formerly Qwest). Major
telephone companies are served directly by Suttle&#146;s sales staff and through a
select group of distributors. As a group, sales (including DSL) to the major
telephone companies, both directly and through distribution, represented 74% of
Suttle&#146;s sales in 2011 and 70% in 2010. </FONT></P>

<P><FONT SIZE=2>Other
customers include smaller telephone companies, electrical/low voltage
contractors, home builders, and a nationwide network of distributors. These
customers are served primarily through distributors but are also served
directly by Suttle&#146;s sales staff. Sales to cable customers and original
equipment manufacturers (OEMs) are made through the nationwide network of
distributors and through the Suttle sales staff. Sales to OEMs and other
distributors were 12% of Suttle&#146;s sales in 2011 and 14% in 2010. Sales to
international customers and other customers represented 14% of Suttle&#146;s sales
in 2011 and 16% in 2010.</FONT></P>

<P><FONT SIZE=2><U><B>Competition</B></U></FONT></P>

<P><FONT SIZE=2>Suttle
encounters strong competition in all its product lines and competes primarily
on the basis of the broad lines of products offered, product performance,
quality, price, delivery, and customer support. In addition, distributors of
Suttle&#146;s products also market products for one or more of these competitors.</FONT></P>

<P><FONT SIZE=2><U><B>Order Book </B></U></FONT></P>

<P><FONT SIZE=2>Suttle
manufactures its products on the basis of estimated customer requirements.
Outstanding customer orders at March 1, 2012 were approximately $3,250,000
compared to approximately $3,724,000 at March 1, 2011. New orders are generally
filled within 60 days. Suttle does not believe its order book is a significant
indicator of longer term future results.</FONT></P>

<P><FONT SIZE=2><U><B>Manufacturing and
Sources of Supply </B></U></FONT></P>

<P><FONT SIZE=2>Suttle&#146;s
products are manufactured using plastic or metal parts, wire sub-assemblies,
fasteners, brackets, electronic circuit boards and other components, most of
which are fabricated by Suttle. There are multiple sources of supply for the
materials and parts required and the Company is not dependent upon any single
supplier, except that Suttle&#146;s corrosion-resistant products use a
moisture-resistant gel-filled fig available only from TE Connectivity. Suttle
has not generally experienced significant problems in obtaining its required
supplies, although from time to time it experiences spot shortages and
additional order lead times are required from its offshore suppliers.</FONT></P>

<P><FONT SIZE=2><U><B>Research and
Development: Patents </B></U></FONT></P>

<P><FONT SIZE=2>Suttle
continually monitors industry requirements and creates new products to improve
its existing product line. Although Suttle has historically not relied
significantly on patents to protect its competitive position, as a result of
duplication of its designs by foreign apparatus manufacturers, Suttle has begun
to apply for design patents on a number of its new products.</FONT></P>

<P><FONT SIZE=2>The Company&#146;s
&#147;Suttle&#148; brand name is important to its business. Suttle regularly supports
this name by trade advertising and believes it is well known in the
marketplace. </FONT></P>


<P ALIGN=CENTER><FONT SIZE=2>4</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P><FONT SIZE=2><B> (ii) <U>Transition
Networks </U></B></FONT></P>

<P><FONT SIZE=2>Transition
Networks, Inc. (&#147;Transition&#148; or &#147;Transition Networks&#148;) is based in Minnetonka,
Minnesota and also maintains operations in China and the U.K. Transition
designs, assembles and markets network interface devices (NIDs), media
converters, network interface cards (NICs), Ethernet switches, Small Form
factor Pluggable modules (SFP), and other connectivity products under the
Transition Networks and MILAN brand names. Transition sells its product
through distributors, resellers, integrators, and OEMs. These NIDs, media
converter and Ethernet Switch products permit voice and data networks to move
information between copper-wired equipment and fiber-optic cable. Sales by
Transition Networks were $91,450,000 (64% of consolidated sales) in 2011 compared
to $67,782,000 (56% of consolidated sales) in 2010. International sales
accounted for 15% of Transition&#146;s sales, or $14,002,000 in 2011, compared to
$11,358,000, or 17% of Transition&#146;s sales in 2010. </FONT></P>

<P><FONT SIZE=2><U><B>Products</B></U></FONT></P>

<P><FONT SIZE=2>Transition
Networks designs, assembles and sells media converter devices, NIDs, Ethernet
switches and other connectivity products that make it possible to transmit
telecommunications signals between systems using different types of media (for
example, between copper and fiber optic networks). These products enable
customers to integrate fiber optics into their existing network infrastructure
as their networks grow, and extend data services to customers or remote
locations. Protocols supported include Gigabit Ethernet, Fast Ethernet,
Ethernet, T1/E1, DS3, RS232, RS485, OC3, OC12, and more. The Company uses
proprietary Application Specific Integrated Circuits (ASIC) for development of
some products, as well as ASICs from integrated circuit manufacturers such as
Marvell&reg; and Broadcomm&reg; for the development of new products. Transition
Networks develops product hardware and software internally, and expenses the
related costs as they are incurred. In connection with the sale of its hardware
products, Transition Networks provides its customers with free operating
software. Transition Networks focuses its product development on hardware, with
software developed to support hardware sales. The Company has been developing
and marketing Ethernet-based networking products for approximately 23 years.
Transition Networks continues to develop products that address the enterprise,
service provider, industrial, and security markets and, in addition, targets
the specific vertical markets of government and education.</FONT></P>

<P><FONT SIZE=2><U><B>Manufacturing and
Sources of Supply</B></U></FONT></P>

<P><FONT SIZE=2>Transition
Networks outsources most of its manufacturing. In 2011, approximately 67% of
its products were manufactured offshore, principally in Asia. Offshore sources
of supply are subject to certain risks, including political risk. The balance
of its products are manufactured in the United States. The Company has
alternate sources of supply for its products and to date has not had problems
obtaining necessary product.</FONT></P>

<P><FONT SIZE=2><U><B>Markets and Marketing</B></U></FONT></P>

<P><FONT SIZE=2>Transition
Networks&#146; products are used in a broad array of markets, including enterprise
networks, service providers&#146; networks, security and industrial environments
such as in manufacturing processes. Transition Networks has a broad customer
base and its products are used in a variety of applications.</FONT></P>

<P><FONT SIZE=2>The media
conversion product line addresses and is used in a variety of applications. The
ION and Point System&#153; chassis-based modular systems are used primarily in
telecommunications closets for high-density applications and when multiple
protocols need to be supported. Stand-alone media converters are used typically
at a workstation or for lower density applications. The line of Ethernet
switches is used in both the central closet and at the end user station.</FONT></P>

<P><FONT SIZE=2>Marketing
primarily consists of direct marketing using a sales force, tradeshows, trade
magazine advertising, on-line advertising, web site, social media and public
relations activities. Transition Networks also provides and participates in
advertising and cooperative marketing campaigns with distribution partners.</FONT></P>

<P><FONT SIZE=2>The Company&#146;s
&#147;Transition Networks&#148; and &#147;MILAN&#148; brand names are important to its business.
The Company regularly supports these names by trade advertising and believes
them to be well known in the marketplace.</FONT></P>

<P><FONT SIZE=2><U><B>Research and
Development</B></U></FONT></P>

<P><FONT SIZE=2>Transition
Networks continues to develop products that address the enterprise, service
provider, security and industrial markets. This includes developing converters
for emerging protocols and existing protocols in new markets, as well as new
industry standards. Some of these products include remote management devices
built on the IEEE&reg; 802.3AH and 802.3AG standards, Metro Ethernet Forum (MEF)&reg;
standards and Power Over Ethernet based on the IEEE&reg; 802.3AF standard. Some
design efforts are paced by the development of critical components such as
integrated circuits and optical transceivers.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>5</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Research and
development consists primarily of testing, equipment and supplies associated
with enhancing existing products and developing new products. Research and
development costs are expensed when incurred and were $1,937,000 in 2011
compared to $1,966,000 in 2010.</FONT></P>

<P><FONT SIZE=2>Transition
Networks&#146; research and development operations are conducted in the United
States and China. Transition opened an office in China (Transition Networks
China) in the third quarter of 2007. The China operation focuses primarily on
engineering, including hardware and software development as well as testing.
Additional China operations include marketing, purchasing, and sales support.</FONT></P>

<P><FONT SIZE=2><U><B>Competition</B></U></FONT></P>

<P><FONT SIZE=2>Transition
Networks faces strong competition across its entire product line. A large
number of competitors exist for the highest volume products in the Fast
Ethernet and Gigabit Ethernet families as well as the Network Interface Devices
(NIDs). Low cost competitors from China and Taiwan are strongest in Asian,
Europe, Middle East, and African (EMEA) and South American markets, but have
had limited success in the North American market for the media converter
products. Transition Networks also faces new competitors as it enters new
markets for industrial products, security market, and higher performance
devices for the service provider market.</FONT></P>

<P><FONT SIZE=2><U><B>Order Book</B></U></FONT></P>

<P><FONT SIZE=2>Outstanding
customer orders for Transition Networks products were approximately $4,418,000
at March 1, 2012 and $6,193,000 at March 1, 2011. Transition Networks orders
are fulfilled on a relatively short-term basis and therefore the Company does
not consider the order book as a significant indicator of longer term future
results.</FONT></P>

<P><FONT SIZE=2><B><U> (</U>iii)
<U>JDL Technologies, Inc.</U></B></FONT></P>

<P><FONT SIZE=2>JDL
Technologies, Inc. (&#147;JDL&#148;), located in Fort Lauderdale, Florida, provides
information technology (IT) solutions focused on network design and integration
IT service management, network security, desktop virtualization, and managed
network operation center services. JDL&#146;s 2011 sales were $12,401,000 (9% of
consolidated sales) compared to 2010 sales of $12,712,000 (11% of consolidated
sales). Project revenue totaled $11,310,000 in 2011 or 91% of JDL sales
compared to $11,612,000 in 2010 or 91% of JDL sales. Managed services revenues
were $1,091,000 and $1,100,000 in 2011 and 2010, respectively.</FONT></P>

<P><FONT SIZE=2><U><B>Products, Services
and Solutions</B></U></FONT></P>

<P><FONT SIZE=2>With over 15 years of
success in Florida, JDL&#146;s portfolio of technology solutions includes
virtualization, managed services, wired and wireless network design and
implementation services, and converged infrastructure configuration and
deployment. With a team of highly skilled engineers, JDL develops &#147;best of
class&#148; IT solutions that address the true pain points of its clients. JDL works
with the newest and most advanced IT to implement effective business solutions
specifically catered to each business&#146; needs. </FONT></P>

<P><FONT SIZE=2>JDL&#146;s
expertise is in developing, deploying and maintaining solutions that enable and
enhance IT landscapes specific to these core competencies:</FONT></P>

<P><FONT SIZE=2><B>Virtualization: <BR>
</B>By leveraging industry
knowledge and strategic partnerships such as Citrix, VMware and Microsoft,
JDL&#146;s team of virtualization engineers assess, design, deploy, and manage a
customized virtualization plan for clients ensuring access to any workload,
anytime, anywhere, and on any device. An ideal virtualization environment
designed by JDL can be comprised of just one, all, or a combination of server,
desktop and application virtualization. As a result of JDL&#146;s tailored
solutions, businesses benefit from reduced costs with increased performance,
heightened workplace flexibility and agility, magnified adaptation to business
change, and an upgraded level of security and disaster recovery protection.</FONT></P>


<P ALIGN=CENTER><FONT SIZE=2>6</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>



<P><FONT SIZE=2><B>Managed Services: <BR>
</B>JDL&#146;s suite of
managed services includes patch and asset management, automation, availability
assurance, IT help desk, event alerting, remote and on-site support, endpoint
security and desktop migration. JDL&#146;s implementation of managed services complements
our clients&#146; current IT resources and personnel in businesses of all sizes and
across all industries. Having JDL&#146;s engineers take on the daily management and
availability assurance of a business&#146; infrastructure frees the current IT team
to focus on the projects that are critical to the core business. </FONT></P>

<P><FONT SIZE=2><B>Network Services: <BR>
</B>Having designed,
deployed, and managed one of the largest wireless infrastructures in the
country, JDL&#146;s team can advise businesses on the design and implementation of
corporate networks from wired to wireless and beyond. Through partnerships with
HP, Cisco Systems, Ruckus, Meru and others, JDL aligns with business needs to
optimize its IT landscape.</FONT></P>

<P><FONT SIZE=2><B>Converged Infrastructure:</B> <BR>
In recognizing
that businesses grow and gain competitive advantage through the rapid adoption
of IT innovation and responsiveness, JDL has built a converged infrastructure
practice. By aligning with each business&#146; needs and helping overcoming IT
obstacles, JDL&#146;s clients experience accelerated ROI and sustainability, reduced
costs by combining infrastructure and enhanced security and disaster recovery.</FONT></P>

<P><FONT SIZE=2><U><B>Markets and
Competition</B></U></FONT></P>

<P><FONT SIZE=2>Over the past 15 years, JDL
Technologies has provided scalable and effective IT planning, implementation,
and support services in K-12 education. Although having educational clients
nationwide, its strongest base has been in Central and South Florida, a market
that includes a number of other small and large IT value added resellers (VAR)
and managed service providers (MSP). In order to differentiate itself from
competitors, in 2010, JDL made a strategic decision to market position itself
as a high-quality provider of design, implementation and management of
information technology solutions enabling its clients to become more
competitive in their business operations. This strategy has succeeded by using
a vendor diagnostic approach while providing cost reduction, increased revenue
generation, ease of use, greater availability and secure IT resources. With its
repositioning, JDL also expanded its market focus from K-12 Education to
include K-20 Education, Healthcare, Enterprise and Government markets. </FONT></P>

<P><FONT SIZE=2>Moving
forward, JDL plans to continue working with clients to develop unique IT
solutions that address specific business and IT requirements. As technology is
constantly evolving with new solutions and methodologies, JDL&#146;s mission is to
keep its growing portfolio of clients and their IT environments current with
these changes. It is through JDL&#146;s relationship as a trusted advisor that its
clients remain up to date with these technology changes and in turn rely on JDL
to help determine if and when to adopt new technologies based on business
goals. JDL Technologies believes in enabling business through technology. </FONT></P>

<P><FONT SIZE=2><U><B>Order Book</B></U></FONT></P>

<P><FONT SIZE=2>Outstanding
customer orders and contracts for JDL products and services were approximately
$750,000 at March 1, 2012 and $6,243,000 at March 1, 2011. The outstanding
orders and contracts at March 1, 2011, reflected JDL&#146;s significant on-going
contract with a South Florida school district that was completed in November
2011. Although JDL is pursuing a number of opportunities at the current time,
it does not have current orders and contracts that are comparable to those in
place in 2011. The Company does not consider current outstanding orders and
contracts as a significant indicator of longer term future results.</FONT></P>

<P><FONT SIZE=2><B> (iv) <U>Austin Taylor</U></B></FONT></P>

<P><FONT SIZE=2>Austin Taylor
Communications, Ltd. is located in Bethesda, North Wales, U.K. Austin Taylor is
a provider of telephony and data networking products to telecommunications
companies, distributors and installers throughout the U.K., Europe and the
Middle East. Austin Taylor sales were $3,288,000 (2% of consolidated revenues)
in 2011 and $3,016,000 (3% of consolidated revenues) in 2010.</FONT></P>


<P ALIGN=CENTER><FONT SIZE=2>7</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P><FONT SIZE=2>At its plant
in Bethesda, the Company designs and manufactures external metal cabinets and
internal metal boxes to industry standards and to customer specifications and
procures other products from offshore sources. All manufacturing and supply
line products are supported to ISO: 9001:2000 approved standards to guarantee
customer quality, consistency
and reliability. Approximately 59% and 62% of Austin Taylor sales were to U.K.
customers in 2011 and 2010.</FONT></P>

<P><FONT SIZE=2>Outstanding
customer orders for Austin Taylor products were approximately $158,000 at March
1, 2012 compared to $260,000 at March 1, 2011. Because Austin Taylor fills new
orders on a relatively short timetable, the Company does not believe its order
book is a significant indicator of longer term future results. </FONT></P>

<P><FONT SIZE=2><B> (2) <U>Employment
Levels</U></B></FONT></P>

<P><FONT SIZE=2>As
of March 1, 2012 the Company employed 410 people. Of this number, 189 were
employed by Suttle (including 79 in Hector, Minnesota and 110 in Costa Rica),
166 by Transition Networks, Inc. (137 in Minnetonka, MN, 20 in China, and 9 in
the U.K.),&nbsp;25 by JDL Technologies, Inc., 7 by Austin Taylor Communications,
Ltd and 23 corporate general and administrative positions. </FONT></P>

<P><FONT SIZE=2><B> (3) <U>Executive
Officers of Registrant</U></B></FONT></P>

<P><FONT SIZE=2>The executive
officers of the Company and their ages at March 1, 2012 are set forth below.
See Item 9B of this Form 10-K for additional information on the Company&#146;s
management.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="60%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Name</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Age</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Position<SUP>1</SUP></B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>43</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>President
 and Chief Executive Officer [2011]<SUP>2</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>60</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President, Treasurer and Chief Financial Officer [2008]<SUP>3</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Bruce
 Blackwood</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>49</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice President
 and General Manager, Suttle [2007]<SUP>4</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Seweryn
 Sadura</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>41</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President and General Manager, Transition Networks [2011]<SUP>5</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Michael J.
 Skucius</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>58</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President, Information Technology [2010]<SUP>6</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Karen
 Nesburg Bleick</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>47</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President, Human Resources [2009]<SUP>7</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Scott
 Fluegge</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>42</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President and General Manager, JDL Technologies, Inc [2011]<SUP>8</SUP></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Kristin A.
 Hlavka</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>30</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Corporate
 Controller [2011]<SUP>9</SUP></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
</tr>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Dates in
 brackets indicate period during which officers began serving in such
 capacity. Executive officers serve at the pleasure of the Board of Directors
 and are elected annually for one-year terms.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr. Schultz
 was appointed Chief Executive Officer of the Company in May 2011. From May
 2010 to May 2011 he served as the Company&#146;s Executive Vice President of
 Operations. From October 2007 to April 2010 he served as the Vice President
 and General Manager of Transition Networks, Inc. From May 2000 to September
 2007, he served as Transition Networks Vice President of Marketing. Prior to
 May 2000, he was Distribution Business Manager for AMP Division of Tyco
 International, Ltd.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr. McGraw
 was appointed Chief Financial Officer in January 2008. From September 2002 to
 December 2007 he served as President of Suttle. From May 2001 to August 2002,
 he served as Chief Operating Officer of JDL Technologies, Inc. Prior to May
 2001, he was Vice President-General Manager of Precision Diversified
 Industries in Plymouth, MN.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>8</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr.
 Blackwood was appointed Vice President and General Manager of Suttle in
 December 2007. From July 2001 to November 2007 he served as Suttle&#146;s Vice
 President of Sales. Prior to July 2001 he was Vice President of Sales for
 Americable. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr. Sadura
 was appointed Vice President and General Manager of Transition Networks in
 February 2011. From June 2007 to January 2011 he served as the Director of
 China Operations for Transition Networks. Prior to June 2007, he was a
 Product Manager at Transition Networks.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr. Skucius
 was appointed Vice President of Information Technology in January 2010. From
 July 2007 to December 2009 he served as Vice President and General Manager of
 JDL. From 1980 to 2007 he was the Company&#146;s Director of Management
 Information Services.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>7</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Ms. Nesburg
 Bleick was appointed Vice President, Human Resources in January 2009. From
 October 2002 to December 2008, she served as Director of Human Resources.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Mr. Fluegge
 was appointed Vice President and General Manager of JDL Technologies in
 December 2011. Prior to this, he was the Vice President of Workload
 Automation at GSS AMERICA / GSS INFOTECH / INFOSPECTRUM CONSULTING.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Ms. Hlavka
 was appointed Corporate Controller in May 2011. From July 2008 to April 2011,
 she served as the Assistant Corporate Controller. Prior to July 2008, she was
 an auditor for Deloitte and Touche, LLP.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B> (d) FINANCIAL
INFORMATION ABOUT FOREIGN AND DOMESTIC OPERATIONS AND EXPORT SALES</B></FONT></P>

<P><FONT SIZE=2>Financial
information about domestic and foreign operations and export sales may be
obtained by reference to Note 11 of the &#147;Notes to Consolidated Financial
Statements&#148; under Item 8 herein.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 1A.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>RISK FACTORS</B> </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Forward Looking Statements</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
statements contained in this Annual Report on Form&nbsp;10-K are
&#147;forward-looking&#148; statements within the meaning of and in reliance on the
Private Securities Litigation Reform Act of 1995, which provides a &#147;safe
harbor&#148; for forward-looking statements. Actual events and results may differ
materially from those expressed or forecasted in forward-looking statements due
to a number of factors. The principal important risk factors that could cause
our actual performance and future events and actions to differ materially from
these forward-looking statements include, but are not limited to, the risk factors
discussed below.</FONT></P>

<P><FONT SIZE=2><B>Risks Related to Our Business</B></FONT></P>

<P><FONT SIZE=2><I><B>The primary markets
we serve are highly competitive, and our ability to compete requires continual
focus on delivering high quality, competitively priced products and the regular
introduction of new products that meet evolving customer requirements. </B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Competition
in the markets for voice and data communications products is intense. Our
ability to compete with other manufacturers of these products depends primarily
on our engineering, manufacturing and marketing skills; the price, quality and
reliability of our products; our delivery and service capabilities; and our
control of operating expenses. We have experienced, and anticipate continuing
to experience, pricing pressures from our customers as well as our competitors.
The markets we serve are characterized by rapid technological advances and
evolving industry standards. These markets can be significantly affected by new
product introductions and marketing activities of industry participants. Certain
of our competitors and potential competitors may have greater financial,
technological, manufacturing, marketing, and personnel resources than we.
Present and future competitors may be able to identify new markets and develop
new products that are superior to those developed by us. They may also adapt
new technologies faster, devote greater resources to research and development,
promote products more aggressively, and price products more competitively than
us. We cannot ensure that competition will not intensify or that we will be
able to compete effectively in the markets in which we compete. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>9</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><I><B>We face many
challenges in maintaining acceptable margins, and our level of gross margin may
not be sustainable.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross
margins among our products vary and are subject to fluctuation from quarter to
quarter. The factors that may impact our gross margins adversely are numerous
and include:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Changes in
 customer, geographic, or product mix;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Our ability
 to reduce product costs;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Increases in
 material or labor costs;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Expediting
 costs incurred to meet customer delivery requirements;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Excess
 inventory and inventory carrying charges;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Obsolescence
 charges;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Changes in
 shipment volume;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Changes in
 component pricing;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Increased
 price competition;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Changes in
 distribution channels;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Increased
 warranty cost; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Our ability
 to manage the impact of foreign currency exchange rate fluctuations.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><I><B>Consolidation among
our customers has occurred and further consolidation may occur and result in
the loss of some customers and may reduce revenue during the pendency of
business combinations and related integration activities.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe future consolidation may occur among our customers in order for them to
increase market share and achieve greater economies of scale. Consolidation has
affected our business as our customers focus on completing business
combinations and integrating their operations. In certain instances, customers
integrating large-scale acquisitions have reduced their purchases of our
products during the integration period.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
business impact to us of significant customer mergers is likely to be unclear
until sometime after these transactions are completed. After a consolidation
occurs, a customer may choose to reduce the number of vendors from which it
purchases equipment and may choose one of our competitors as its preferred
vendor. We cannot ensure that we will continue to supply equipment to the
surviving communications service provider after a business combination is
completed.</FONT></P>

<P><FONT SIZE=2><I><B>Our profitability
could be affected negatively if one or more of our key customers substantially
reduces orders for our products or transitions their purchases towards lower
gross margin products.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
customer base is somewhat concentrated, with our top ten customers accounting
for 76%, 70% and 72% of net sales for fiscal 2011, 2010 and 2009, respectively.
One of our largest customers, Verizon, accounted for 6%, 6% and 9% of our net
sales for the fiscal years 2011, 2010 and 2009. The merger of AT&amp;T and
BellSouth in our fiscal 2007 created another large customer for us. In fiscal
2011, 2010 and 2009, this combined company accounted for approximately 9%, 9%
and 12% of our sales, respectively. If we lose a significant customer for any
reason, our sales and gross profit will be negatively affected.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>10</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><I><B>Our record 2011
sales and profitability resulted in part from sales to one customer. We do not
have any long-term commitment from this customer and do not expect 2012 sales
from that customer to exceed 5% of our overall revenues. </B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
2011 sales included $32.8 million, or 22.8% of our overall revenue, from a
one-time large network upgrade project with a Fortune 500 company that we
completed in 2011. Although we expect to continue to sell to this customer in
the future, we do not expect ongoing orders in 2012 or future years to exceed
five percent of our revenues. If we unable to replace this business, it may
have an adverse effect on our overall 2012 revenue and profitability.</FONT></P>

<P><FONT SIZE=2><I><B>Our JDL
Technologies, Inc. segment has recently been dependent on a single customer.
Although JDL&#146;s business plan is focused on providing a range of products and
services to a broad range of customers in the education, healthcare, enterprise
and government markets, we cannot ensure that JDL will be successful in its
efforts. </B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Substantially
all the sales of the Company&#146;s IT services business unit JDL Technologies, Inc.
in 2011 and 2010 were to a single South Florida school district and accounted
for 8.1% and 10.3% respectively of overall Company revenues. Although JDL began
in 2011 to market a broad range of products and services to a number of
potential customers, we cannot ensure that JDL will be able to achieve
significant revenue in 2012 from either this customer or from new customers. If
JDL is unable to achieve significant revenues, it may have an adverse effect on
our overall 2012 revenue and profitability.</FONT></P>

<P><FONT SIZE=2><I><B>Our market is
subject to rapid technological change and, to compete effectively, we must
continually introduce new products that achieve market acceptance.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
communications equipment industry is characterized by rapid technological
changes, evolving industry standards, changing market conditions, short product
life cycles and rapidly changing customer requirements and frequent new product
and service introductions and enhancements. The introduction of products using
new technologies or the adoption of new industry standards can make our
existing products, or products under development, obsolete or unmarketable. Our
future success will depend on our ability to enhance our existing products, to
introduce new products to meet changing customer requirements and emerging
technologies, and to demonstrate the performance advantages and
cost-effectiveness of our products over competing products. Failure by us to
modify our products to support new alternative technologies or failure to
achieve widespread customer acceptance of these modified products could cause
us to lose market share and cause our revenues to decline.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may not predict technological trends or the success of new products in the
communications equipment market accurately. New product development often
requires forecasting of market trends, development and implementation of new
technologies and processes and substantial capital commitments. We do not know
whether other new products we develop will gain market acceptance or result in
profitable sales.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
of our competitors have greater engineering and product development resources
than we have. Although we expect to continue to invest significant resources in
product development activities, our efforts to achieve and maintain
profitability will require us to be selective and focused with our research and
development expenditures. If we fail to anticipate or respond in a cost-effective
and timely manner to technological developments, changes in industry standards
or customer requirements, or if we experience any significant delays in product
development or introduction, our business, operating results and financial
condition could be affected adversely.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may experience delays in developing and marketing product enhancements or new
products that respond to technological change, evolving industry standards and
changing customer requirements. There can be no assurance that we will not
experience difficulties that could delay or prevent the successful development,
introduction, and marketing of these products or product enhancements, or that
our new products and product enhancements will adequately meet the requirements
of the marketplace and achieve any significant or sustainable degree of market
acceptance in existing or additional markets. In addition, the future
introductions or announcements of products by us or one of our competitors
embodying new technologies or changes in industry standards or customer
requirements could render our then-existing products obsolete or unmarketable.
We cannot ensure that the introduction or announcement of new product offerings
by us or one or more of our competitors will not cause customers to defer their
purchase of our existing products, which could cause our revenues to decline.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>11</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><I><B>We evaluate and
frequently pursue acquisitions, but we may not successfully close these
acquisitions and, if these acquisitions are completed, we may have difficulty
integrating the acquired businesses with our existing operations.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
regularly consider the acquisition of complementary companies and product
lines. We cannot, however, ensure that we will be able to find appropriate
candidates for acquisitions, reach agreement to acquire them, or obtain
requisite shareholder or regulatory approvals needed to close strategic
acquisitions, despite the effort and management attention invested. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
impact of future acquisitions on our business, operating results and financial
condition is uncertain. In the case of businesses we may acquire in the future,
we may have difficulty assimilating these businesses and their products,
services, technologies and personnel into our operations. These difficulties
could disrupt our ongoing business, distract our management and workforce,
increase our expenses and materially adversely affect our operating results and
financial condition. Also, we may not be able to retain key management and
other critical employees after an acquisition. We may also acquire
unanticipated liabilities. In addition to these risks, we may not realize all
of the anticipated benefits of these acquisitions.</FONT></P>

<P><FONT SIZE=2><I><B>Our operating
results fluctuate from quarter to quarter.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
operating results are difficult to predict and may fluctuate significantly from
quarter to quarter. Fluctuations in our quarterly operating results may be
caused by many factors, including the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the volume
 of customer orders and our ability to fulfill those orders in a timely
 manner;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the overall
 level of capital expenditures by our customers;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>work
 stoppages and other developments affecting the operations of our customers;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the timing
 of and our ability to obtain new customer contracts;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the timing
 of revenue recognition;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the timing
 of new product and service introductions;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 availability of products and services;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>market
 acceptance of new and enhanced versions of our products and services;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>variations
 in the mix of products and services we sell;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the location
 and utilization of our production capacity and employees; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 availability and cost of key components of our products.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
expense levels are based in part on expectations of future revenues. If revenue
levels in a particular quarter are lower than expected, our operating results
will be affected adversely.</FONT></P>

<P><FONT SIZE=2><I><B>We depend on
manufacturing relationships and on limited-source suppliers and any disruptions
in these relationships may cause damage to our customer relationships. </B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
procure all parts and certain services involved in the production of our
products from, and subcontract much of our product manufacturing, to outside
firms that specialize in these services. Although most of the components of our
products are available from multiple vendors, we have several single-source
supplier relationships, either because alternative sources are not available or
because the relationship is advantageous to us. We cannot ensure that our
suppliers will be able to meet our future requirements for products and
components in a timely fashion. In addition, the availability of many of these
components to us is dependent in part on our ability to provide our suppliers
with accurate forecasts of our future requirements. Delays or lost sales could
be caused by other factors beyond our control, including defects in the quality
of components or products supplied by others. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>12</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><I><B>We are dependent
upon our senior management and other critical employees.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Like
all communications technology companies, our success is dependent on the
efforts and abilities of our senior management personnel and other critical
employees, including those in sales, marketing and product development
functions. Our ability to attract, retain and motivate these employees is
critical to our success. In addition, because we may acquire one or more
businesses in the future, our success will depend, in part, upon our ability to
retain and integrate our own personnel with personnel from acquired entities
that are necessary to the continued success or the successful integration of
the acquired businesses.</FONT></P>

<P><FONT SIZE=2><I><B>Managing our
inventory is complex and may include write-downs of excess or obsolete
inventory.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing
our inventory of components and finished products is complicated by a number of
factors, including the need to maintain a significant inventory of finished
goods for orders we anticipate but may not be received. These issues may cause
us to purchase and maintain significant amounts of inventory. If this inventory
is not used as expected based on anticipated requirements, it may become excess
or obsolete. The existence of excess or obsolete inventory can result in sales
price reductions or inventory write-downs, which could adversely affect our
business and results of operations.</FONT></P>

<P><FONT SIZE=2><I><B>We face risks
associated with expanding our sales outside of the United States.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that our future growth depends in part upon our ability to increase
sales in international markets. These sales are subject to a variety of risks,
including fluctuations in currency exchange rates, tariffs, import restrictions
and other trade barriers, unexpected changes in regulatory requirements, longer
accounts receivable payment cycles and potentially adverse tax consequences,
and export license requirements. In addition, we are subject to the risks
inherent in conducting business internationally, including political and
economic instability and unexpected changes in diplomatic and trade
relationships. We cannot ensure that one or more of these factors will not have
a material adverse effect on our business strategy and financial condition. </FONT></P>

<P><FONT SIZE=2><I><B>Compliance with
internal control requirements is expensive and poses certain risks.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
expect to incur significant continuing costs, including accounting fees and
staffing costs, in order to maintain compliance with the internal control
requirements of the Sarbanes-Oxley Act of 2002. Expansion of our business,
particularly internationally, will necessitate ongoing changes to our internal
control systems, processes and information systems. In addition, if we complete
acquisitions in the future, our ability to integrate operations of the acquired
company could impact our compliance with Section 404 of the Sarbanes-Oxley Act.
We cannot be certain that as our business changes, our current design for
internal control over financial reporting will be sufficient to enable
management to determine that our internal controls are effective for any
period, or on an ongoing basis.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the future, if we fail to complete the annual Section 404 evaluation in a
timely manner, we could be subject to regulatory scrutiny and a loss of public
confidence in our internal controls. In addition, any failure to implement
required new or improved controls, or difficulties encountered in their
implementation, could harm our operating results or cause us to fail to meet
our reporting obligations.</FONT></P>

<P><FONT SIZE=2><I><B>Product defects or
the failure of our products to meet specifications could cause us to lose
customers and revenue or to incur unexpected expenses.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
our products do not meet our customers&#146; performance requirements, our customer
relationships may suffer. Also, our products may contain defects or fail to
meet product specifications. Any failure or poor performance of our products
could result in:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>delayed
 market acceptance of our products;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>delayed
 product shipments;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>unexpected
 expenses and diversion of resources to replace defective products or identify
 and correct the source of errors;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>damage to
 our reputation and our customer relationships;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>delayed
 recognition of sales or reduced sales; and</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>13</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>product
 liability claims or other claims for damages that may be caused by any
 product defects or performance failures.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><I><B>Our sales and
operations may continue to be impacted adversely by current global economic
conditions.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
the past several years, financial markets globally have experienced extreme
disruption. This includes, among other things, extreme volatility in security
prices, severely diminished liquidity and credit availability, ratings
downgrades of certain investments and declining valuations of others. The
severity and length of the present disruptions in the financial markets and the
global economy are unknown. We cannot ensure that there will not be a further
deterioration in financial markets and in business conditions generally. These
economic developments have adversely affected our business in a number of ways
and will likely continue to adversely affect our business during the
foreseeable future. </FONT></P>

<P><FONT SIZE=2><B>Risks Related to Our Common Stock</B></FONT></P>

<P><FONT SIZE=2><I><B>Our stock price has
been volatile historically and the price of our common stock may fluctuate significantly
in the future.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trading price of our common stock has been and may continue to be subject to
wide fluctuations. Our stock price may fluctuate in response to a number of
events and factors, such as quarterly variations in operating results,
announcements of technological innovations or new products by us or our
competitors, the operating and stock price performance of other companies that
investors may deem comparable to us, and new reports relating to trends in our
markets or general economic conditions.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the stock market in general, and prices for companies in our industry
in particular, have experienced extreme volatility that often has been
unrelated to the operating performance of these companies. These broad market
and industry fluctuations may adversely affect the price of our common stock,
regardless of our operating performance.</FONT></P>

<P><FONT SIZE=2><I><B>Anti-takeover
provisions in our charter documents, our shareholder rights agreement and
Minnesota law could prevent or delay a change in control of our company.</B></I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provisions
of our articles of incorporation and bylaws, our shareholder rights agreement
(also known as a &#147;poison pill&#148;) and Minnesota law may discourage, delay or
prevent a merger or acquisition that a shareholder may consider favorable, and
could limit the price that investors are willing to pay for our common stock.
These provisions include the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>advance
 notice requirements for shareholder proposals;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>authorization
 for our board of directors to issue preferred stock without shareholder
 approval;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>authorization
 for our board of directors to issue preferred stock purchase rights upon a
 third party&#146;s acquisition of 16.5% or more of our outstanding shares of
 common stock; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>limitations
 on business combinations with interested shareholders; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>classification
 of Board of Directors that serve staggered, three year terms; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a super
 majority vote by shareholders is required to approve certain corporate
 actions, including merger transactions.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some
of these provisions may discourage a future acquisition of our company even
though our shareholders would receive an attractive value for their shares, or
a significant number of our shareholders believe such a proposed transaction
would be in their best interest.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 1B.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>UNRESOLVED STAFF COMMENTS </B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>None.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>14</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 2.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>PROPERTIES</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>CSI conducts
administrative, manufacturing and engineering functions at the following
facilities:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In
 Minnetonka, Minnesota the Company owns a 105,000 square foot building where
 its executive and administrative offices are located. In addition, Transition
 Networks uses this facility for its warehouse, assembly, engineering and
 administrative operations, JDL Technologies, Inc. uses this facility for some
 administrative operations, and Suttle uses this facility for its sales,
 marketing and product development.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Suttle&#146;s
 manufacturing is conducted at two locations. At Hector, Minnesota, the
 Company owns three plants totaling 88,000 square feet of manufacturing space.
 The Company leases 40,000 square feet of manufacturing space in San Jose,
 Costa Rica.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Austin
 Taylor Communications, Ltd. owns a 40,000 square foot facility in Bethesda,
 Wales, U.K.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Transition
 Networks leases 10,000 square feet of office space for engineering,
 procurement and marketing activities in Shanghai, China. The Company also
 leases 7,000 square feet of office space in the U.K. for its Patapsco
 operations.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>CSI believes
these facilities will be adequate to accommodate its administrative,
manufacturing and distribution needs for the foreseeable future.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 3.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>LEGAL PROCEEDINGS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Company is
subject to claims and lawsuits that have been filed in the ordinary course of
business. From time to time, the Company brings suit against others to enforce
contract rights or property rights, or to collect debts in the ordinary course
of business. Management believes that the resolution or settlement of currently
pending litigation will not have a material adverse effect on the results of
operations or liquidity of the Company.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 4.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>MINE SAFETY DISCLOSURES</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Not
applicable.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PART II</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 5.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE="2"><B>MARKET FOR REGISTRANT&#146;S COMMON EQUITY AND RELATED STOCKHOLDER<BR>MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES</B> </FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (a)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>MARKET INFORMATION</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Company&#146;s
common stock trades on the NASDAQ under the trading symbol JCS. </FONT></P>

<P><FONT SIZE=2>The table
below presents the price range of high and low trades of the Company&#146;s common
stock for each quarterly period indicated as reported by NASDAQ for 2011 and
2010. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="86%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="26%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>High</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Low</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>High</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Low</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM >
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>First</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>16.49</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13.33</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11.27</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Second</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>20.82</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15.01</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13.31</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Third</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>20.93</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11.57</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10.00</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Fourth</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17.19</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12.50</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14.82</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11.02</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (b)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>HOLDERS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>At March 1,
2012 there were approximately 579 registered holders of record of
Communications Systems, Inc. common stock.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>15</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (c)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>DIVIDENDS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Communications
Systems, Inc. paid regular quarterly dividends to its shareholders on the dates
and at the rates indicated below:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="64%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="68%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="23%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>Payment Date</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Dividend
per Share</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
<HR SIZE="1" WIDTH="40%" NOSHADE COLOR="BLACK" ALIGN="LEFT">


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>January 1,
 2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>October 1,
 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>July 1, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>April 1,
 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>January 1,
 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>October 1,
 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>July 1, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>April 1,
 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.14</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>January 1,
 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.14</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The payment of
future dividends will be determined at the discretion of the Board of
Directors.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (d)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>INFORMATION REGARDING EQUITY COMPENSATION PLANS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The following
table presents information about the Company&#146;s equity compensation plans, under
which equity securities of the Company are authorized for issuance, as of
December 31, 2011:</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>Securities Authorized for Issuance Under
Equity Compensation Plans</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="39%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>Plan Category (1)</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B><BR>
Number of shares of<BR>
common stock to be<BR>
issued upon exercise<BR>
of outstanding<BR>
options, warrants and<BR>
rights</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=4 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>
Weighted-average<BR>
exercise price of<BR>
outstanding options<BR>
warrants and rights</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Number
of shares of<BR>common
stock remaining<BR>available for future<BR>issuance
under equity<BR>
compensation plans<BR>
(excluding shares in<BR>
column (a))</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=4 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2><U>Equity
 compensation plans approved by security holders:</U></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>1992 Stock
 Plan-Employee Plan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>162,243</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>1992 Stock
 Plan-Nonemployee Director Plan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>147,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9.63</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>1990 Employee
 Stock Purchase Plan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,241</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12.65</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>66,413</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2011
 Executive Incentive Compensation Plan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,582</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>17.97</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>984,418</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2><U>Equity
 compensation plans not approved by security holders:</U></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>None</FONT></P>



<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE=2>The Company does not have individual compensation arrangements involving the grant
of options, warrants and rights.</FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (e)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>FIVE YEAR PERFORMANCE GRAPH</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The following
graph presents, at the end of each of the Company&#146;s last five fiscal years, the
cumulative total return on the common stock of the Company as compared to the
cumulative total return reported for the NASDAQ (U.S.), and the NASDAQ
Telecommunications Index. Company information and each index assume the
investment of $100 on the last business day before January 1, 2006 and the reinvestment
of all dividends.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>16</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<p align=center><img src="a120466001_v2.jpg" alt="(LINE GRAPH)"></p>

<P align=center><FONT SIZE=2>Comparison of Five-Year Cumulative Total Return</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="26%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE="1"><B>Company or Index</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2006</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2007</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2008</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2009</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
<P><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

<TR>
 <TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Communications Systems, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>100.000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>120.127</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>83.889</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>141.012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>167.035</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>173.852</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>NASDAQ US</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>100.000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>108.469</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>66.352</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>95.375</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>113.194</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>113.805</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>NASDAQ TELCOM</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>100.000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>88.948</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>51.107</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>76.636</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>98.951</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>104.634</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (f)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>RECENT SALES OF UNREGISTERED SECURITIES</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Not
applicable.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (g)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED
 PURCHASERS</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Company
did not repurchase any shares of common stock during the three months ending
December 31, 2011:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="89%" ALIGN=CENTER>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="19%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="24%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=9 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1><B>ISSUER PURCHASES OF EQUITY SECURITIES</B></FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM COLSPAN=9>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
</TD>
</TR>
 <TR>
 <TD VALIGN=bottom>
 <P><FONT SIZE=1><B>Period</B></FONT></P>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
 <P ALIGN=CENTER><FONT SIZE=1><B> (a) Total<BR>
 Number of<BR>
 Shares (or<BR>
 Units)<BR>
 Purchased</B></FONT></P>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
 <P ALIGN=CENTER><FONT SIZE=1><B> (b)<BR>
 Average<BR>
 Price Paid<BR>
 per Share<BR>
 (or Unit)</B></FONT></P>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
 <P ALIGN=CENTER><FONT SIZE=1><B> (c) Total Number<BR>
 of Shares (or<BR>
 Units) Purchased<BR>
 as Part of Publicly<BR>
 Announced Plans<BR>
 or Programs</B></FONT></P>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
 <P ALIGN=CENTER><FONT SIZE=1><B> (d) Maximum Number<BR>
 (or Approximate Dollar<BR>
 Value) of Shares (or<BR>
 Units) that May Yet Be<BR>
 Purchased Under the<BR>
 Plans or Programs <SUP>(1)</SUP></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=bottom>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
 </TD>
 <TD> </TD>
 <TD VALIGN=bottom>
<HR ALIGN=CENTER WIDTH="100%" COLOR=BLACK NOSHADE SIZE=1>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD>
 <P><FONT SIZE=2>October 2011</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>none</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN=CENTER><FONT SIZE=2>481,938</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD>
 <P><FONT SIZE=2>November 2011</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>none</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN=CENTER><FONT SIZE=2>481,938</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD>
 <P><FONT SIZE=2>December 2011</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>none</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN=CENTER><FONT SIZE=2>481,938</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD>
 <P><FONT SIZE=2>Total</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>none</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN="CENTER"><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD> </TD>
 <TD>
 <P ALIGN=CENTER><FONT SIZE=2>481,938</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
<P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
<P><FONT SIZE=2>Shares represent remaining
amount of a 500,000 share repurchase authorization approved by the Company&#146;s
Board in October 2008 and publicly announced in November 2008.</FONT></P>
 </TD>
</tr>
</TABLE>


<P ALIGN=CENTER><FONT SIZE=2>17</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 6.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>SELECTED FINANCIAL DATA</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The following selected
financial data has been derived from our consolidated financial statements and
should be read in conjunction with the Consolidated Financial Statements and
related notes thereto set forth in Item 8 and with &#147;Management&#146;s Discussion and
Analysis of Financial Condition and Results of Operations&#148; included in Item 7
of this Annual Report on Form 10-K.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
SELECTED FINANCIAL INFORMATION<BR>
</B>(in thousands except
per share amounts)</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="38%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=14 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=14 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2008</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2007</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2><B>Selected
 Income Statement Data</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Sales from Continuing
 Operations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>143,775</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>120,072</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,792</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>122,700</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>121,243</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2>Costs and Expenses:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Cost of Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>84,880</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>68,872</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>67,944</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>76,008</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>78,357</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Selling, General and Administrative Expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>40,108</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>35,586</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>33,109</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>32,623</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Impairment Loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,272</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>196</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,999</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Total Costs and Expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>126,260</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>104,458</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>99,573</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>112,116</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>110,980</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>




 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Operating
 Income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17,515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15,614</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,219</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,584</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,263</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Other
 Income (Expense), Net</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>105</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>20</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>581</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>597</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,760</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Income
 Before Income Taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17,620</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15,634</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,800</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11,181</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,023</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Income
 Tax Expense</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,822</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,919</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,756</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,570</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,512</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Net Income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,798</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,715</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,044</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,611</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,511</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Basic
 Net Income Per Share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.72</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.77</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.86</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Diluted
 Net Income Per Share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.72</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.77</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.85</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Cash
 Dividends Declared Per Share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.59</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.52</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.48</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.42</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Average
 Dilutive Shares Outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,496</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,415</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,352</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,563</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,831</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2><B>Selected
 Balance Sheet Data</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Total Assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>116,659</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,070</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>102,914</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>98,738</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>100,760</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Property, Plant and
 Equipment, Net</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,019</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13,214</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13,322</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,015</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13,945</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Long-term Liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,741</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,004</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,220</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,919</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,045</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Stockholders&#146; Equity</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>97,531</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>91,397</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>85,939</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>83,728</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>84,931</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>18</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 7.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT  SIZE=2><B>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL
 CONDITION AND RESULTS OF OPERATIONS</B></FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2><U><B>Overview</B></U></FONT></P>

<P><FONT SIZE=2>Communications Systems, Inc.
is a global company with sales
in over 90 countries and facilities supporting design, manufacturing and
distribution in the United States, Costa Rica, China and the United Kingdom.
CSI provides physical connectivity infrastructure and services for global
deployments of broadband networks. Focusing on innovative, cost-effective
solutions, CSI provides customers the ability to deliver, manage, and optimize
their broadband network services and architecture. From the integration of
fiber optics in any application and environment to efficient home voice and
data deployments to optimization of data and application access, CSI provides
the tools for maximum utilization of the network from the edge to the user.
Along with our broad range of technology offered, CSI has built a reputation as
a reliable global innovator focusing on quality and customer service. </FONT></P>

<P><FONT SIZE=2>The voice, video and data
markets in which we sell products provide services that are vital to the modern
world. Therefore, we expect the size of these markets will, generally, continue
to expand, although the pace of growth will be affected by economic conditions
in the United States and around the world. This growth, along with inevitable
technological change, will generate challenges and opportunities for the type
of products we sell. </FONT></P>

<P><FONT SIZE=2>From our customers&#146;
perspective, our goal is to become a market leader delivering high quality,
competitively priced products and services. From our shareholders&#146; perspective,
our goal is to steadily and consistently increase our revenues and profits.
Achieving these goals will require success in the following areas: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>We must apply our
 financial resources to support increased sales, maintain brand loyalty,
 improve product quality and develop new products. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>At the same time, we must
 maintain price levels and control expenses to provide adequate margins and
 superior bottom line results. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Finally, to accelerate our
 growth we must continue to expand our sales outside of the US and prudently
 acquire complementary businesses and product lines. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>While we face the many
challenges and risks that we discussed earlier in this report, we believe our
greatest challenges will be responding to intense market competition and successfully
introducing new products. Some of our competitors are larger and better
capitalized, and some are based outside the US. These firms often have greater
capacity to both (i) absorb lower margins that are inconsistent with our
financial goals and (ii) support a higher level of new product development
using their greater resources or lower cost structure. In order to achieve
profitable growth in the face of these challenges, we must constantly validate
the value of our products to new and existing customers and select and pursue
new product development opportunities and product line acquisitions that best
fit our capabilities, resources and competitive position. </FONT></P>

<P><FONT SIZE=2>We are currently pursuing
these objectives through the following four business units: </FONT></P>

<P><FONT SIZE=2><B>JDL Technologies </B></FONT></P>

<P><FONT SIZE=2>JDL Technologies is an IT
services company that provides outsourced technical services to the education,
healthcare, government and enterprise market segments. JDL&#146;s portfolio of
technology solutions includes virtualization, managed services, wired and
wireless network design and implementation services, and converged
infrastructure configuration and deployment. JDL&#146;s largest customer has been
the School Board of Broward County, Florida (SBBC). JDL runs SBBC&#146;s Network
Operation Center that monitors all network elements (servers, switches,
routers) and over 60,000 computers in 265 buildings for the nation&#146;s 6th
largest school district. </FONT></P>

<P><FONT SIZE=2><B>Suttle </B></FONT></P>

<P><FONT SIZE=2>Founded in 1910, Suttle is
one of the world&#146;s largest suppliers of high-volume copper and fiber connectivity
products used by North America&#146;s largest telcos. Suttle also designs,
manufactures and markets a full line of structured wiring components for &#147;small
office, home office&#148; (SOHO) for voice, video and high-speed data communications
convergent solutions. Suttle&#146;s products are used throughout the telco,
&#147;multi-service cable operators&#148; (MSOs), and installer/contractor markets. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>19</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>Transition Networks </B></FONT></P>

<P><FONT SIZE=2>Transition Networks offers a
full suite of networking connectivity solutions including media converters,
network interface cards, switches, and coarse-wave division multiplexing
(CWDM). Utilizing engineering resources in the U.S. and its Product Design and
Development Facility in Shanghai, China, Transition Networks designs and
markets products for a broad spectrum of protocols including Ethernet, Fast
Ethernet, Gigabit Ethernet, T1/E1, DS3, and serial. Transition Networks
distributes these hardware-based connectivity solutions through a network of
resellers in 90 countries and is the preferred choice among industry IT
professionals for high-end media conversion devices, Network Interface Devices,
and Ethernet switches. In 2011, the Company acquired Patapsco Design Limited as
part of Transition Networks&#146; expansion outside the North American market.</FONT></P>

<P><FONT SIZE=2><B>Austin Taylor </B></FONT></P>

<P><FONT SIZE=2>Located in Bethesda, Wales,
United Kingdom, Austin Taylor manufactures cabling installation and connection
products for copper and fiber optic media. Austin Taylor serves the government
and commercial markets throughout Europe and the Middle East with British
standard products. Austin Taylor&#146;s broad catalog of products ranges from
telephony linejacks to structured cabling and from plastic connection boxes to
metal cabinets. At the end of 2011, we discontinued the metal cabinet
manufacturing portion of the business due to limited profitability
opportunities for that business. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Forward Looking Statements</B></U></FONT></P>

<P><FONT SIZE=2>In this report and from time
to time, in reports filed with the Securities and Exchange Commission, in press
releases, and in other communications to shareholders or the investing public,
we may make &#147;forward looking statements&#148; within the meaning of the Private
Securities Litigation Reform Act of 1995. We may make these forward looking
statements concerning possible or anticipated future financial performance,
business activities, plans, pending claims, investigations or litigation, which
are typically preceded by the words &#147;believes,&#148; &#147;expects,&#148; &#147;anticipates,&#148;
&#147;intends&#148; or similar expressions. For these forward-looking statements, the
Company claims the protection of the safe harbor for forward-looking statements
contained in federal securities laws. Shareholders and the investing public
should understand that these forward looking statements are subject to risks
and uncertainties that could cause actual performance, activities, anticipated
results, outcomes or plans to differ significantly from those indicated in the
forward-looking statements. For a detailed discussion of a number of such risk
factors, please see Item 1A above. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Critical Accounting Policies</B></U></FONT></P>

<P><FONT SIZE=2><B>Inventory Valuation:</B> We value inventories at the lower of cost or market. Reserves for
overstock and obsolescence are estimated and recorded to reduce the carrying
value to estimated net realizable value. The amount of the reserve is
determined based on projected sales information, plans for discontinued
products and other factors. Though management considers these reserves adequate
and proper, changes in sales volumes due to unexpected economic or competitive
conditions are among the factors that could materially affect the adequacy of
this reserve. </FONT></P>

<P><FONT SIZE=2><B>Income Taxes:</B> In the preparation of the Company&#146;s consolidated financial statements,
management calculates income taxes. This includes estimating the Company&#146;s
current tax liability as well as assessing temporary differences resulting from
different treatment of items for tax and book accounting purposes. These
differences result in deferred tax assets and liabilities, which are recorded
on the balance sheet. These assets and liabilities are analyzed regularly and
management assesses the likelihood it will realize these deferred assets from
future taxable income. We determine the valuation allowance for deferred income
tax benefits based upon the expectation of whether the benefits are more likely
than not to be realized. The Company records interest and penalties related to
income taxes as income tax expense in the Consolidated Statements of Income. </FONT></P>

<P><FONT SIZE=2><B>Goodwill Impairment</B>: We are required to evaluate goodwill for impairment on an annual
basis and between annual tests upon the occurrence of certain events or
circumstances. We perform a two-step process to analyze whether or not goodwill
has been impaired. Step one is to test for potential impairment, and requires
that the fair value of the reporting unit be compared to its book value
including goodwill. If the fair value is higher than the book value, no
impairment is recognized. The Company estimates the fair value of each
reporting unit based on a discounted cash flow analysis. If the fair value is
lower than the book value, a second step must be performed. The second step is
to measure the amount of impairment loss, if any, and requires that a
hypothetical purchase price allocation be done to determine the implied fair
value of goodwill. This fair value is then compared to the carrying value of
goodwill. If the implied fair value is lower than the carrying value, an
impairment adjustment must be recorded. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>20</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The Company believes that
accounting estimates related to goodwill impairment are critical because the underlying
assumptions used for the discounted cash flow can change from period to period
and could potentially cause a material impact to the income statement.
Management&#146;s assumptions about inflation rates and other internal and external
economic conditions, such as earnings growth rate, require significant judgment
based on fluctuating rates and expected revenues. </FONT></P>

<P><FONT SIZE=2><B>Revenue Recognition</B>: The Company recognizes revenue when the earnings process is complete,
evidenced by persuasive evidence of an agreement, delivery has occurred or
services have been rendered, the price is fixed or determinable, and
collectability is reasonably assured. In the Suttle, Transition Networks and
Austin Taylor segments, the earning process completion is evidenced through the
shipment of goods, based on the sales terms of these segments, the risk of loss
is transferred upon shipment or delivery to customers and there are no
significant obligations subsequent to that point. There are not significant
estimates related to revenue recognition for these segments. </FONT></P>

<P><FONT SIZE=2>JDL Technologies records
revenue on hardware, software and related equipment sales and installation
contracts when the revenue recognition criteria are met and the products are
installed and accepted by the customer. JDL records revenue on service
contracts on a straight-line basis over the contract period, unless evidence
suggests that the revenue is earned in a different pattern. Each contract is
individually reviewed to determine when the earnings process is complete. </FONT></P>

<P><FONT SIZE=2><U><B>Results of Operations </B></U></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>2011 Compared to 2010</B></U></FONT></P>

<P><FONT SIZE=2>Sales were $143,775,000 in
2011, a 20% increase from sales of $120,072,000 in 2010. Operating income
increased 12% to $17,515,000 in 2011 as compared to $15,614,000 in 2010. Income
before income taxes increased 13% to $17,620,000 from $15,635,000 in 2010. Net
income increased 1% to $9,798,000 in 2011 compared to $9,715,000 in 2010. </FONT></P>

<P><FONT SIZE=2><B>Suttle </B></FONT></P>

<P><FONT SIZE=2>Suttle sales increased
slightly to $36,637,000 in 2011 compared to $36,562,000 in 2010. Sales by
product groups in 2011 and 2010 were: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Suttle
Sales by Product Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Modular connecting
 products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,662,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,318,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>DSL products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,146,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11,884,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Structured cabling
 products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,302,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,956,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,527,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>404,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,637,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,562,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Suttle&#146;s sales by customer
groups in 2011 and 2010 were: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Suttle
Sales by Customer Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Telephone companies</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>27,124,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>25,581,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Distributors</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,461,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,227,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>International</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,587,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,620,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>465,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>134,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,637,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,562,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>21</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The increase in sales is due
primarily to increased sales to Suttle&#146;s domestic telecommunication customers.
Sales to the telephone companies increased 6% to $27,124,000 in 2011 compared
to $25,581,000 in 2010 due to fulfillment of new product contracts and
increased sales tied to enhanced network deployments. Sales to these customers
accounted for 74% of Suttle&#146;s sales in 2011 compared to 70% of sales in 2010.
Sales to distributors, OEMs, and electrical contractors decreased 15% and
accounted for 12% of sales in 2011 compared to 14% in 2010. The decline in this
segment is a direct result of reduced opportunities in the domestic market for
new SFU and MDU construction. International sales accounted for 13% of Suttle&#146;s
2011 sales but declined 18% compared to 2010. The decrease in sales in this
segment is due primarily to volatility in fulfillment of DSL business, and decreased
sales of voice products due to land-line loss. </FONT></P>

<P><FONT SIZE=2>Suttle&#146;s gross margin
decreased 4% to $9,271,000 in 2011 compared to $9,681,000 in 2010. The gross
margin percentage was 25% in 2011 compared to 26% in 2010. This decrease is a
result of shifting product mix, as sales from modular connecting blocks
decreased. Suttle realizes its highest selling margins on modular connecting
products. </FONT></P>

<P><FONT SIZE=2>Selling, general and
administrative expenses increased 4% to $6,898,000 in 2011 compared to
$6,638,000 in 2010 due to increases in spending on technology development. </FONT></P>

<P><FONT SIZE=2>Suttle&#146;s operating income
declined 64% to $1,102,000 in 2011 from $3,043,000 in 2010 due in part to the
margin erosion mentioned above and a goodwill impairment charge of $1,272,000
in the second quarter of 2011. </FONT></P>

<P><FONT SIZE=2><B>Transition Networks </B></FONT></P>

<P><FONT SIZE=2>Transition Networks is a
provider of active networking hardware devices. Characteristics of the business
include a rapid pace of change in technologies and alternative solutions to our
products. Transition Networks derives the majority of its business from
one-time network upgrade projects. The core markets for these products are
enterprise, service providers, and industrial users. Roughly 85% of Transition
Networks revenue comes from North America, but we continue to see opportunity
for long-term growth outside of North America and we will invest resources in
sales, marketing, and infrastructure to grow that business. </FONT></P>

<P><FONT SIZE=2>Transition Networks sales
increased 35% to $91,450,000 in 2011 compared to $67,782,000 in 2010.
Transition Networks organizes its sales force and segments its customers
geographically. Sales by customer groups in 2011 and 2010 were: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Transition
Networks Sales by Region</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>North America</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>77,448,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>56,424,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>EMEA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,178,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,708,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Rest of world</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,824,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,650,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>91,450,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>67,782,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The following table
summarizes Transition Networks&#146; 2011 and 2010 sales by product group: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Transition
Networks Sales by Product Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Media converters</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>72,781,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>50,360,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Ethernet switches</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,523,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,275,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Ethernet adapters</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,422,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,494,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,724,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,653,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>91,450,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>67,782,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Sales in North America
increased 37% or $21,024,000 compared to 2010 due to $32,836,000 in revenue
from a one-time large network upgrade project with a Fortune 500 company. Sales
to this customer also resulted in the increase in media converter revenue. The
increase in revenue from this customer was partially offset by a decrease in
sales to some of Transition Networks&#146; traditional customers. Other vertical
markets, especially the Federal Government market in the United States,
recorded lower revenue due to the slow down in government purchases resulting
in project delays. International sales increased $2,644,000, or 23%, due to a
strong rebound in the Asia Latin America and EMEA markets. The increase was due
to an increase in activity in projects for Telco customers in deploying data
services as well as security and surveillance installations (IP video
surveillance). The increase is also partially attributed to the acquisition of
Patapsco, which contributed approximately $740,000 in additional revenue,
primarily related to the EMEA region.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>22</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Gross margin increased 24%
to $44,625,000 in 2011 compared to $35,956,000 in 2010 due to an increase in
revenues. Gross margin as a percentage of sales decreased to 49% in 2011
compared to 53% in 2010 due to volume discounts given for the large network
upgrade project with the Fortune 500 company described above. </FONT></P>

<P><FONT SIZE=2>Selling, general and
administrative expenses increased 11% to $23,731,000 in 2011 from $21,459,000
in 2010 due primarily to an increase in selling expense and adding staff to
both the U.S. and China facilities. Operating income increased 44% to
$20,894,000 in 2011 compared to $14,497,000 in 2010 due to an increase in gross
margin dollars of 24% and a smaller increase of SG&amp;A of only 11%. </FONT></P>

<P><FONT SIZE=2>Transition Networks will
continue to develop products based on market needs as well as by following
industry standards set by such organizations as the Institute of Electrical and
Electronics Engineers (IEEE) and the Metro Ethernet Forum (MEF). We will also
continue to invest in sales and marketing to grow revenues in our target
markets and expand sales outside of North America. </FONT></P>

<P><FONT SIZE=2><B>JDL Technologies, Inc. </B></FONT></P>

<P><FONT SIZE=2>Sales by JDL Technologies,
Inc. (the Company&#146;s IT services business unit) decreased 2% to $12,401,000 in
2011 compared to $12,712,000 in 2010. The following table summarizes JDL&#146;s
revenues by customer group in 2011 and 2010: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>JDL
Revenue by Customer Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Broward County FL schools</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11,621,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,391,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>All other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>780,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>321,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,401,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,712,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Revenues earned in Broward
County FL decreased $770,000 or 6% in 2011. The decrease was the result of
increased IT infrastructure contract funding from the federal government during
2010 that concluded in September 2011. </FONT></P>

<P><FONT SIZE=2>JDL gross margin decreased
8% to $5,139,000 in 2011 compared to $5,580,000 in 2010. Gross margin as a percentage of sales
decreased to 41% in 2011 from 44% in 2010 due to purchasing discounts and
rebates the Company was able to take advantage of during the prior year. </FONT></P>

<P><FONT SIZE=2>Selling, general and
administrative expenses increased 35% in 2011 to $1,982,000 compared to
$1,470,000 in 2010. This is primarily due to an increase in sales and marketing
expenses, related to the addition of sales personnel. Operating income
decreased to $3,156,000 in 2011 compared to $4,110,000 in 2010. </FONT></P>

<P><FONT SIZE=2><B>Austin Taylor </B></FONT></P>

<P><FONT SIZE=2>Austin Taylor&#146;s revenues
increased 9% to $3,288,000 in 2011, compared to $3,016,000 in 2010. This
increase is due to continued sales penetration into the UK and Ireland
distribution network and OEM market. Gross margin decreased to a loss of
$140,000 in 2011 from a loss of $17,000 in 2010. Gross margin as a percentage
of sales was -4% in 2011 compared to -1% in 2010. This decrease was due to
greatly increased material and finished goods costs compounded by the margin
effects of fixed term contracts. Austin Taylor reported an operating loss in
2011 of $1,460,000 compared to $1,101,000 in 2010. Management is currently
implementing measures to improve Austin Taylor&#146;s performance. </FONT></P>

<P><FONT SIZE=2><B>Other </B></FONT></P>

<P><FONT SIZE=2>Income before income taxes
increased 13% to $17,620,000 in 2011 compared to $15,635,000 in 2010. The
Company&#146;s effective income tax rate was 44% in 2011 compared to 38% in 2010.
This effective rate was higher than the standard rate of 35% due to state
income taxes, foreign losses not deductible for U.S. income tax purposes,
provisions for interest charges, goodwill impairment, and acquisition costs not
deductible for income tax purposes as explained in Note 10 to the consolidated
financial statements. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>23</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><U><B>2010 Compared to 2009</B></U></FONT></P>

<P><FONT SIZE=2>Sales were $120,072,000 in
2010, a 9% increase from sales of $109,792,000 in 2009. Operating income
increased 53% to $15,614,000 in 2010 as compared to $10,219,000 in 2009. Income
before income taxes increased 45% to $15,635,000 from $10,799,000 in 2009. Net
income increased 61% to $9,715,000 in 2010 compared to $6,044,000 in 2009. </FONT></P>

<P><FONT SIZE=2><B>Suttle </B></FONT></P>

<P><FONT SIZE=2>Suttle sales decreased 15%
to $36,562,000 in 2010 compared to $42,867,000 in 2009. Sales by product groups
in 2010 and 2009 were: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Suttle
Sales by Product Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2009</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Modular connecting
 products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,318,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>16,120,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>DSL products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11,884,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13,310,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Structured cabling
 products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,956,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,821,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>404,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>616,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,562,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>42,867,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Suttle&#146;s sales by customer groups in 2010 and
2009 were:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Suttle
Sales by Customer Group</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2009</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Telephone companies</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>25,726,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>30,309,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Distributors</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,227,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,840,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>International</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,475,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,547,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>134,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>171,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,562,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>42,867,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The decrease in sales was
due primarily to the erosion in the number of land-line customers served by the
major telephone customers, volatility in the large DSL contracts, and the
continued severe downturn in the domestic housing market. Sales to the
telephone companies decreased 15% to $25,726,000 in 2010 compared to $30,309,000
in 2009 due to decreased DSL deployment and continued contraction of the
domestic housing market. Sales to these customers accounted for 70% of Suttle&#146;s
sales in 2010 compared to 71% of sales in 2009. Sales to distributors, OEMs,
and electrical contractors decreased 24% and accounted for 14% of sales in 2010
compared to 16% in 2009. The decline in this segment is a direct result of
reduced opportunities in the domestic market for new SFU construction and MDU
construction. International sales accounted for 15% of Suttle&#146;s 2010 sales but
declined 1% compared to 2009. International telephone customers also faced
land-line loss causing decreased sales of voice products. DSL product sales
into this segment did increase as customers increased investments in broadband.
</FONT></P>

<P><FONT SIZE=2>Suttle&#146;s gross margin
decreased 1% to $9,681,000 in 2010 compared to $9,771,000 in 2009. The gross
margin percentage was 26% in 2010 compared to 23% in 2009. This increase in
gross margin as a percentage of sales was due to favorable product mix changes.
Suttle realizes its highest selling margins on modular connecting products. DSL
products are the least profitable. </FONT></P>

<P><FONT SIZE=2>Selling, general and
administrative expenses increased 10% to $6,638,000 in 2010 compared to
$6,054,000 in 2009 due to increases in spending on technology development. </FONT></P>

<P><FONT SIZE=2>Suttle&#146;s operating income
declined 18% to $3,043,000 in 2010 from $3,717,000 in 2009 due to the decreased
revenues noted above. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>24</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>Transition Networks </B></FONT></P>

<P><FONT SIZE=2>Transition
Networks sales increased 23% to $67,782,000 in 2010 compared to $55,098,000 in
2009. Transition Networks organizes its sales force and segments its customers
geographically. Sales by customer groups in 2010 and 2009 were: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=center><FONT SIZE=1><B>Transition Networks Sales by Region</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>North
 America</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>56,424,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>45,213,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>EMEA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,708,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,818,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Rest of
 world</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,650,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,067,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>67,782,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55,098,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The following
table summarizes Transition Networks&#146; 2010 and 2009 sales by product group: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Transition Networks Sales by Product Group</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Media
 converters</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>50,360,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>39,251,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Ethernet
 switches</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,275,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,786,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Ethernet
 adapters</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,494,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,903,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other
 products</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,653,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,158,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>67,782,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>55,098,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Sales in North
America increased 25% compared to 2009. The increase in sales largely came from
an increase in two of Transition Networks&#146; focus vertical markets: Federal
Government and Telco. The increase in the Federal Government sales were due in
part to some Voice over IP (VoIP) projects while the increase in Telco came
from wireless backhaul projects and last mile data delivery services for
businesses. International sales increased $1,473,000, or 15%, due to a strong
rebound in the Asia and Latin America markets. The increase was due to an
increase in activity in projects for Telco customers in deploying data
services. Sales in EMEA lagged due to a sluggish world economy, increased price
competition, and currency fluctuations. </FONT></P>

<P><FONT SIZE=2>Gross margin
increased 23% to $35,956,000 in 2010 compared to $29,329,000 in 2009 due to an
increase in revenues. Gross margin as a percentage of sales remained stable at
53% in 2010 compared to 53% in 2009. </FONT></P>

<P><FONT SIZE=2>Selling,
general and administrative expenses increased 11% to $21,459,000 in 2010 from
$19,371,000 in 2009 due primarily to an increase in selling expense and adding
engineering staff to the China facility. Operating income increased 46% to
$14,497,000 in 2010 compared to $9,958,000 in 2009 due to an increase in gross
margin dollars of 23% and a smaller increase of SG&amp;A of only 11%. </FONT></P>

<P><FONT SIZE=2><B>JDL Technologies, Inc. </B></FONT></P>

<P><FONT SIZE=2>Sales by JDL
Technologies, Inc. (the Company&#146;s IT services business unit) increased 45% to
$12,712,000 in 2010 compared to $8,765,000 in 2009. The following table
summarizes JDL&#146;s revenues by customer group in 2010 and 2009: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>JDL Revenue by Customer Group</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Broward
 County FL schools</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,391,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,594,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>All other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>321,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>171,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,712,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,765,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Revenues
earned in Broward County FL increased $3,797,000 or 44% in 2010. The increase
was the result of increased IT infrastructure contract funding from the federal
government. </FONT></P>

<P><FONT SIZE=2>JDL made a
strategic decision in 2010 to position itself as a high-quality provider of
design, implementation and management of information technology solutions and
is expanding its market focus from K-12 Education to include K-20 Education,
Healthcare, Enterprise and Government markets. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>25</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>JDL gross
margin increased 103% to $5,580,000 in 2010 compared to $2,753,000 in 2009.
Gross margin as a percentage of sales increased to 44% in 2010 from 31% in 2009
due to purchasing discounts and rebates the Company was able to take advantage
of during the year. </FONT></P>

<P><FONT SIZE=2>Selling,
general and administrative expenses increased 13% in 2010 to $1,470,000
compared to $1,299,000 in 2009, but has decreased as a percentage of sales from
14.8% in 2009 to 11.6% in 2010. This is primarily due to an increase in
compensation expenses and sales activities. Operating income increased to
$4,110,000 in 2010 compared to $1,455,000 in 2009. </FONT></P>

<P><FONT SIZE=2><B>Austin Taylor </B></FONT></P>

<P><FONT SIZE=2>Austin
Taylor&#146;s revenues decreased 1% to $3,016,000 in 2010, compared to $3,061,000 in
2009. This decrease is primarily due to difficulties in securing connector
products from Far East contract manufacturers and the general European economic
slowdown. Gross margin decreased to a loss of $17,000 in 2010 from a loss of
$6,000 in 2009. Gross margin as a percentage of sales was -1% in 2010 compared
to 0% in 2009. This decrease was due to greatly increased material and finished
goods costs compounded by the margin effects of fixed term contracts.
Additionally, Austin Taylor was burdened with the financial impact of product
quality issues from two of its major vendors. Austin Taylor reported an
operating loss in 2010 of $1,101,000 compared to $1,214,000 in 2009. Included
in the 2009 operating loss is a $196,000 impairment charge related to Austin
Taylor&#146;s machinery and equipment assets. Management is currently implementing
measures to improve Austin Taylor&#146;s performance. </FONT></P>

<P><FONT SIZE=2><B>Other </B></FONT></P>

<P><FONT SIZE=2>Income before
income taxes increased 45% to $15,635,000 in 2010 compared to $10,799,000 in
2009. The Company&#146;s effective income tax rate was 38% in 2010 compared to 44%
in 2009. This effective rate was higher than the standard rate of 35% due to
state income taxes, foreign losses not deductible for U.S. income tax purposes,
and provisions for interest charges </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Acquisitions and Dispositions</B></U></FONT></P>

<P><FONT SIZE=2>The Company is
a growth-oriented manufacturer of telecommunications connecting and networking
devices. The Company continually searches for acquisition candidates with
products that will enable the Company to better serve its target markets. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Effects of Inflation</B></U></FONT></P>

<P><FONT SIZE=2>Inflation has
not had a significant effect on operations. The Company does not have long-term
production or procurement contracts and has historically been able to adjust
pricing and purchasing decisions to respond to inflationary pressures. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Liquidity and Capital Resources</B></U></FONT></P>

<P><FONT SIZE=2>As of December
31, 2011, the Company had approximately $46,035,000 in cash, cash equivalents
and investments. Of this amount, $830,000 was invested in short-term money
market funds that are not considered to be bank deposits and are not insured or
guaranteed by the federal deposit insurance company (FDIC) or other government
agency. These money market funds seek to preserve the value of the investment
at $1.00 per share; however, it is possible to lose money investing in these
funds. The remainder in cash and cash equivalents is operating cash and
certificates of deposit, which are fully insured through the FDIC. The Company
has not experienced any losses on its deposits of cash and cash equivalents.
The Company also had $23,519,000 in investments consisting of certificates of
deposit that are traded on the open market and are classified as
available-for-sale at December 31, 2011. </FONT></P>

<P><FONT SIZE=2>The Company
had current assets of approximately $89,946,000 and current liabilities of
$15,388,000 at December 31, 2011 compared to current assets of $86,204,000 and
current liabilities of $12,669,000 at the end of 2010. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>26</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Cash flow
provided by operating activities was approximately $14,067,000 in 2011 compared
to $9,726,000 provided by operations in 2010. Significant working capital
changes from 2010 to 2011 included a decrease in accounts receivable of
$3,274,000 related to an overall decrease in sales in the fourth quarter of
2011 as compared to 2010 as well as an increase in prepaid income taxes due to
the timing of federal income tax payments during the year. </FONT></P>

<P><FONT SIZE=2>Investing
activities used $3,120,000 of cash in 2011 compared to cash used of $9,298,000
in 2010. This decrease in cash used in investing activities is primarily due to
the decrease in additional purchases of investments as compared to the prior
year. The Company made net purchases of $7,531,000 in the prior year and had
net proceeds of $2,751,000 in the current year. Additionally, the Company
acquired Patapsco Designs Limited during 2011 and paid $3,138,000 in
consideration, with an estimated $1,003,000 to be paid out in deferred and
contingent consideration. </FONT></P>

<P><FONT SIZE=2>Net cash used
by financing activities was $5,185,000 in 2011 compared to $4,889,000 in 2010.
Cash dividends paid on common stock increased to $5,065,000 in 2011 ($0.60 per
common share) from $4,858,000 in 2010 ($0.59 per common share). Proceeds from
common stock issuances, principally shares sold to the Company&#146;s Employee Stock
Ownership Plan and under the Company&#146;s Employee Stock Purchase Plan, totaled
approximately $257,000 in 2011 and $308,000 in 2010. The Company purchased and
retired no shares in 2011 and 2010. At December 31, 2011, Board of Director
authority to purchase approximately 481,938 additional shares remained in
effect. </FONT></P>

<P><FONT SIZE=2>As part of the
acquisition of the new Minnetonka headquarters building in July 2007, the
Company assumed an outstanding mortgage of $4,380,000. The mortgage is payable
in monthly installments and carries an interest rate of 6.83%. The mortgage
matures on March 1, 2016. Mortgage payments on principal totaled $399,000
during 2011. The outstanding balance on the mortgage was $2,002,000 at December
31, 2011. </FONT></P>

<P><FONT SIZE=2>The Company expects
that the effective income tax rate for fiscal 2012 will be approximately 40%. </FONT></P>

<P><FONT SIZE=2>The Company
had no outstanding obligations under its line of credit at December 31, 2011
and 2010, and the Company&#146;s entire credit line ($10,000,000 at March 1, 2012)
is available for use. Interest on borrowings on the credit line is at the LIBOR
rate plus 1.1% (1.7% at December 31, 2011). The prior credit agreement expired
October 31, 2011. As noted within the notes to the financial statements, the
Company entered into a new $10,000,000 line of credit agreement effective
October 28, 2011, expiring on October 31, 2013. In the opinion of management,
based on the Company&#146;s current financial and operating position and projected
future expenditures, sufficient funds are available to meet the Company&#146;s
anticipated operating and capital expenditure needs. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Contractual Obligation Summary</B></U></FONT></P>

<P><FONT SIZE=2>The following
table summarizes our contractual obligations at December 31, 2011 and the
effect these obligations are expected to have on our liquidity and cash flow in
future periods: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1><B>Less than<BR>
 One Year</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1><B>1 &#150; 3 Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1><B>3 &#150; 5 Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1><B>More Than<BR>
 5 Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Long-term
 debt</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>427,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>947,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>628,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Interest on
 long-term debt</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>124,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>155,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>28,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Pensions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>351,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>751,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>479,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,043,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Operating
 leases</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>175,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>ERP purchasing obligations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>532,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>207,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>



 <TR>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2>Compensation
 plans</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2>1,741,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2>283,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Total</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,350,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,350,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,135,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,043,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>As of December
31, 2011, the Company had no other material commitments (either cancelable or
non-cancelable) for capital expenditures, short or long term debt, capital
leases or other purchase commitments related to ongoing operations. </FONT></P>

<P><FONT SIZE=2><U><B>Recently Issued Accounting Pronouncements </B></U></FONT></P>

<P><FONT SIZE=2>We do not
believe there are any recently issued accounting standards that have not yet
been adopted that will have a material impact on the Company&#146;s financial
statements. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>27</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><U><B>Off Balance Sheet Arrangements </B></U></FONT></P>

<P><FONT SIZE=2>None. </FONT></P>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 7A.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Company
has no freestanding or embedded derivatives. The Company&#146;s policy is to not use
freestanding derivatives and to not enter into contracts with terms that cannot
be designated as normal purchases or sales. </FONT></P>

<P><FONT SIZE=2>The vast
majority of our transactions are denominated in U.S. dollars; as such,
fluctuations in foreign currency exchange rates have historically not been
material to the Company. At December 31, 2011 our bank line of credit carried a
LIBOR rate plus 1.1%. The Company&#146;s investments are money market and
certificates of deposit types of investments that earn interest at prevailing
market rates and as such do not have material risk exposure. </FONT></P>

<P><FONT SIZE=2>Based on the
Company&#146;s operations, in the opinion of management, the Company is not exposed
to material future losses due to market risk. </FONT></P>

<P><FONT SIZE=2>The Company
uses the U.S. dollar as its functional currency in Costa Rica and China.
Accordingly, the Company believes its risk of material loss due to fluctuations
in foreign currency markets to be small. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>28</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 8.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B> (a) FINANCIAL STATEMENTS </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>REPORT OF MANAGEMENT</B></FONT></P>

<P><FONT SIZE=2>The management
of Communications Systems, Inc. and its subsidiary companies is responsible for
the integrity and objectivity of the financial statements and other financial
information contained in the annual report. The financial statements and
related information were prepared in accordance with accounting principles
generally accepted in the United States of America and include amounts that are
based on management&#146;s informed judgments and estimates. </FONT></P>

<P><FONT SIZE=2>In fulfilling
its responsibilities for the integrity of financial information, management
maintains accounting systems and related controls. These controls provide
reasonable assurance, at appropriate costs, that assets are safeguarded against
losses and that financial records are reliable for use in preparing financial
statements. Management recognizes its responsibility for conducting the
Company&#146;s affairs according to the highest standards of personal and corporate
conduct. </FONT></P>

<P><FONT SIZE=2>The Audit
Committee of the Board of Directors, comprised solely of outside directors,
meets with the independent auditors and management periodically to review
accounting, auditing, financial reporting and internal control matters. The
independent auditors have free access to this committee, without management
present, to discuss the results of their audit work and their opinion on the
adequacy of internal financial controls and the quality of financial reporting.
</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="23%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="20%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="44%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ William
 G. Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Financial Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>29</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B></FONT></P>

<P><FONT SIZE=2>To the Board
of Directors and Shareholders of <BR>
Communications Systems, Inc.: </FONT></P>

<P><FONT SIZE=2>We have
audited the accompanying consolidated balance sheets of Communications Systems,
Inc. and subsidiaries (the &#147;Company&#148;), as of December 31, 2011 and 2010, and
the related consolidated statements of income and comprehensive income, changes
in stockholders&#146; equity, and cash flows for each of the three years in the
period ended December 31, 2011. Our audits also included the financial
statement schedule listed in the index at Item 15. These consolidated financial
statements and financial statement schedule are the responsibility of the
Company&#146;s management. Our responsibility is to express an opinion on the
consolidated financial statements and financial statement schedule based on our
audits. </FONT></P>

<P><FONT SIZE=2>We conducted
our audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>In our
opinion, such consolidated financial statements present fairly, in all material
respects, the consolidated financial position of the Company as of December 31,
2011 and 2010, and the consolidated results of their operations and their cash
flows for each of the three years in the period ended December 31, 2011, in
conformity with accounting principles generally accepted in the United States
of America. Also, in our opinion, such financial statement schedule, when
considered in relation to the basic consolidated financial statements taken as
a whole, presents fairly, in all material respects, the information set forth
therein. </FONT></P>

<P><FONT SIZE=2>We have also
audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the Company&#146;s internal control over financial
reporting as of December 31, 2011, based on the criteria established in <I>Internal Control &#151; Integrated Framework</I>
issued by the Committee of Sponsoring Organizations of the Treadway Commission,
and our report dated March 15, 2012, expressed an unqualified opinion on the
Company&#146;s internal control over financial reporting. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="22%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="77%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Deloitte
 &amp; Touche LLP </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Minneapolis,
 Minnesota </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012 </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>30</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B></FONT></P>

<P><FONT SIZE=2>To the Board
of Directors and Shareholders of <BR>
Communications Systems, Inc.: </FONT></P>

<P><FONT SIZE=2>We have
audited the internal control over financial reporting of Communications
Systems, Inc., and subsidiaries (the &#147;Company&#148;) as of December 31, 2011, based
on criteria established in <I>Internal Control
&#151; Integrated Framework</I> issued by the Committee of Sponsoring
Organizations of the Treadway Commission. As described in Management&#146;s Report
on Internal Control over Financial Reporting<I>,</I>
management excluded from its assessment the internal control over financial
reporting at Patapsco Designs Limited of the UK, which was acquired on July 27,
2011, and whose financial statements constitute 2.7 percent of total assets,
less than one percent of total revenues, and less than one percent of net
income from continuing operations of the consolidated financial statement
amounts as of and for the year ended December 31, 2011. Accordingly, our audit
did not include the internal control over financial reporting at Patapsco
Designs Limited of the UK. The Company&#146;s management is responsible for
maintaining effective internal control over financial reporting and for its
assessment of the effectiveness of internal control over financial reporting,
included in the accompanying Management&#146;s Report on Internal Control over
Financial Reporting. Our responsibility is to express an opinion on the
Company&#146;s internal control over financial reporting based on our audit. </FONT></P>

<P><FONT SIZE=2>We conducted
our audit in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether effective
internal control over financial reporting was maintained in all material
respects. Our audit included obtaining an understanding of internal control
over financial reporting, assessing the risk that a material weakness exists,
testing and evaluating the design and operating effectiveness of internal
control based on the assessed risk, and performing such other procedures as we
considered necessary in the circumstances. We believe that our audit provides a
reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>A company&#146;s internal
control over financial reporting is a process designed by, or under the
supervision of, the company&#146;s principal executive and principal financial
officers, or persons performing similar functions, and effected by the
company&#146;s board of directors, management, and other personnel to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. A company&#146;s internal control over
financial reporting includes those policies and procedures that (1) pertain to
the maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of management and
directors of the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of the company&#146;s assets that could have a material effect on the financial
statements. </FONT></P>

<P><FONT SIZE=2>Because of the
inherent limitations of internal control over financial reporting, including
the possibility of collusion or improper management override of controls,
material misstatements due to error or fraud may not be prevented or detected
on a timely basis. Also, projections of any evaluation of the effectiveness of
the internal control over financial reporting to future periods are subject to
the risk that the controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures
may deteriorate. In our opinion, the Company maintained, in all material
respects, effective internal control over financial reporting as of December
31, 2011, based on the criteria established in <I>Internal
Control &#151; Integrated Framework</I> issued by the Committee of Sponsoring
Organizations of the Treadway Commission. </FONT></P>

<P><FONT SIZE=2>We have also
audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), the consolidated financial statements and
financial statement schedule as of and for the year ended December 31, 2011, of
the Company, and our report dated March 15, 2012, expressed an unqualified
opinion on those consolidated financial statements and financial statement
schedule. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Deloitte
 &amp; Touche LLP </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Minneapolis,
 Minnesota </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012 </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>31</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED BALANCE SHEETS</FONT></P>



<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>December 31<BR>
 2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>December 31<BR>
 2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR  BGCOLOR="#D6F3E8">
 <TD COLSPAN=8 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=2>ASSETS</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CURRENT ASSETS:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Cash and cash equivalents</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>22,515,710</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>16,787,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>18,635,601</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,698,905</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Trade accounts receivable, less allowance for doubtful accounts of $175,000 and $500,000, respectively</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14,461,168</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17,544,136</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Inventories</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25,986,003</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>24,498,935</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Prepaid income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,893,003</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>296,586</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other current assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>999,863</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>908,102</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Deferred income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,455,047</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,469,941</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL CURRENT ASSETS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>89,946,395</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>86,204,163</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>PROPERTY, PLANT AND EQUIPMENT, net</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14,019,019</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13,214,067</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>OTHER ASSETS:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,883,510</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,588,267</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Goodwill</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,560,217</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Funded pension assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>905,552</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>349,575</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>913,869</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>153,938</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL OTHER ASSETS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,693,502</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,651,997</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL ASSETS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>116,658,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,070,227</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2>LIABILITIES
 AND STOCKHOLDERS&#146; EQUITY</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CURRENT LIABILITIES:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Current portion of long-term debt</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>427,345</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>399,209</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accounts payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,398,848</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,385,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accrued compensation and benefits</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,870,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,951,401</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accrued consideration</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,002,623</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other accrued liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,388,867</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,669,776</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Dividends payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,299,963</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,263,434</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL CURRENT LIABILITIES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15,387,646</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,669,378</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>LONG TERM LIABILITIES:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Long-term compensation plans</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>283,075</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,738,105</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Uncertain tax positions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>405,673</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>678,395</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Deferred income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,476,969</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>585,317</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Long-term debt - mortgage payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,574,993</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,002,339</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL LONG-TERM LIABILITIES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,740,710</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,004,156</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>COMMITMENTS AND CONTINGENCIES (Footnote 7)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>STOCKHOLDERS&#146; EQUITY</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Preferred stock, par value $1.00 per share;<BR>
 3,000,000 shares authorized; none issued</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Common stock, par value $.05 per share; 30,000,000 shares <BR>
 authorized; 8,466,774 and 8,422,890 shares issued and <BR>
 outstanding, respectively</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>423,339</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>421,144</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Additional paid-in capital</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35,533,273</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34,491,370</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Retained earnings</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>61,466,342</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>56,769,816</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accumulated other comprehensive income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>107,606</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(285,637</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL STOCKHOLDERS&#146; EQUITY</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>97,530,560</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>91,396,693</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>116,658,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,070,227</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>32</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="56%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>143,775,051</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>120,072,310</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>109,792,207</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Costs and expenses:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Cost of sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>84,879,924</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>68,871,678</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>67,943,557</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Selling, general and administrative
 expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40,108,221</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35,586,248</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>31,434,097</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Impairment
 loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>196,020</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Total costs
 and expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>126,260,131</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>104,457,926</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>99,573,674</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Operating income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>17,514,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,614,384</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10,218,533</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other income and (expenses):</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Investment and other income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>313,544</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>251,002</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>810,039</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>(Loss)/gain on sale of assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(27,081</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(9,238</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>39,919</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Interest and
 other expense</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(181,393</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(221,611</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(269,151</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other income, net</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>105,070</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>20,153</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>580,807</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Income from operations before income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>17,619,990</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,634,537</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10,799,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Income tax
 expense</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,822,124</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,919,104</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,755,695</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,797,866</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,715,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,043,645</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other comprehensive income (loss):</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Additional minimum pension liability
 adjustments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(525,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>43,999</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>285,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Unrealized (losses)/gains on
 available-for-sale securities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(16,691</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(19,744</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>33,802</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Foreign
 currency translation adjustment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>934,934</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(182,770</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(237,386</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Total other
 comprehensive income (loss)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>393,243</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(158,515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>81,416</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Comprehensive
 income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10,191,109</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,556,918</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,125,061</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Basic net income per share:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.72</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Diluted net income per share:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>.72</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Weighted Average Basic Shares Outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,448,612</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,384,242</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,339,566</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Weighted Average Dilutive Shares
 Outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,495,873</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,414,566</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,352,084</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Dividends declared per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.59</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.52</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part
of the consolidated financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>33</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#146; EQUITY</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="24%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Common Stock</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 ROWSPAN=3 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Additional<BR>
 Paid-in<BR>
 Capital</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 ROWSPAN=3 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Retained<BR>
 Earnings</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 ROWSPAN=3 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Cumulative<BR>
 Other<BR>
 Comprehensive<BR>
 Income (Loss)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Amount</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Total</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>BALANCE AT DECEMBER 31, 2008</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,282,349</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>414,117</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>33,019,154</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>50,503,410</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(208,538</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>83,728,143</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,043,645</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,043,645</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Employee Stock Purchase Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>12,327</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>616</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>101,450</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>102,066</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock to Employee Stock Ownership Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>56,933</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,847</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>441,231</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>444,078</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Employee Stock Option Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,400</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>320</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>68,240</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>68,560</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Tax benefit from non-qualified employee stock options</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>467</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>467</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Share based compensation</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Purchase of common stock</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(5,126</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(256</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(20,603</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(32,258</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(53,117</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Shareholder dividends</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,507,536</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,507,536</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other comprehensive income</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>81,416</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>81,416</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>BALANCE AT DECEMBER 31, 2009</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8,352,883</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>417,644</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>33,641,510</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>52,007,261</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(127,122</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>85,939,293</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,715,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,715,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Employee Stock Purchase Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11,107</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>555</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>124,579</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>125,134</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock to Employee Stock Ownership Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>37,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,895</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>469,581</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>471,476</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Non-Employee Stock Option Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>21,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,050</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>181,626</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>182,676</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Tax benefit from non-qualified stock options</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Share based compensation</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>39,093</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>39,093</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Shareholder dividends</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(4,952,878</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(4,952,878</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other comprehensive income</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(158,515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(158,515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>BALANCE AT DECEMBER 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,422,890</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>421,144</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34,491,370</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>56,769,816</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(285,637</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>91,396,693</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>


 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,797,866</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,797,866</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Employee Stock Purchase Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,308</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>151,761</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>152,276</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock to Employee Stock Ownership Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>22,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,125</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>314,902</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>316,027</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Non-Employee Stock Option Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>450</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>72,450</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>72,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Issuance of common stock under Executive Stock Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,083</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>105</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,974</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>32,079</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Tax benefit from non-qualified stock options</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Share based compensation</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>448,896</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>448,896</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Shareholder dividends</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(5,101,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(5,101,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other comprehensive income</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>393,243</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>393,243</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>BALANCE AT DECEMBER 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,466,774</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>423,339</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35,533,273</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>61,466,342</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>107,606</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>97,530,560</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=LEFT>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of the consolidated
financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>34</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED STATEMENTS OF CASH FLOWS</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="56%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CASH FLOWS FROM OPERATING ACTIVITIES:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,797,866</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,715,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,043,645</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Adjustments to reconcile net income to net cash provided by operating
 activities:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Depreciation and amortization</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,100,735</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,858,881</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,698,321</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Share based compensation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>448,896</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>39,093</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Deferred taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,695,595</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(518,234</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>641,574</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Impairment loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>196,020</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Loss/(gain) on sale of assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>27,081</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,238</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(39,919</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Excess tax benefit from share based payments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(21,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(34,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(467</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Changes in assets and liabilities net of effects from acquisitions:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Trade receivables</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,273,730</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(2,521,012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,287,237</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Inventories</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(602,414</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>69,693</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,908,760</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Prepaid income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(3,600,652</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>40,688</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(337,274</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(78,349</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(52,913</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(10,116</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accounts payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,025,703</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>407,757</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>827,562</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accrued compensation and benefits</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>751,925</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>417,873</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,791,395</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other accrued expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>395,133</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>301,376</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(263,369</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Income taxes payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(335,374</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(10,158</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(21,112</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(32,022</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,092</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(116,707</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:.6IN;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Net
 cash provided by operating activities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14,066,513</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,725,826</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17,637,121</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CASH FLOWS FROM INVESTING ACTIVITIES:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Capital expenditures</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(2,755,991</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1,794,422</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(3,237,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Purchases of investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(20,884,014</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(20,339,715</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(34,841,042</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Acquisition of business</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(3,138,367</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Proceeds from the sale of fixed assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>22,555</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>27,783</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>106,672</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Proceeds from the sale of investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>23,635,385</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,808,642</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>16,099,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net cash used in investing activities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(3,120,432</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(9,297,712</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(21,872,928</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CASH FLOWS FROM FINANCING ACTIVITIES:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Cash dividends paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(5,064,811</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,858,484</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,332,666</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Mortgage principal payments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(399,209</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(372,926</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(348,373</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Proceeds from issuance of common stock</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>257,255</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>307,810</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>170,626</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Excess tax benefit from stock based payments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>467</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Purchase of common stock</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(53,117</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net cash used in financing activities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(5,184,845</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(4,888,619</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(4,563,063</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(33,084</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(45,385</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>140,757</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,728,152</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(4,505,890</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(8,658,113</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>16,787,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>21,293,448</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>29,951,561</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>CASH AND CASH EQUIVALENTS AT END OF YEAR</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>22,515,710</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>16,787,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,293,448</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Income taxes paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,037,938</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,315,827</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,472,507</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Interest paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>165,514</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>201,191</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>225,883</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Dividends declared not paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,270,016</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,263,434</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,169,040</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Acquisition costs in accrued expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,002,623</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of the consolidated
financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>35</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES
<BR></B><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS <BR>
</B>Years Ended
December 31, 2011, 2010 and 2009</FONT></P>

<P><FONT SIZE=2><U><B>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></U></FONT></P>

<P><FONT SIZE=2><B>Description of business: </B>Communications Systems, Inc. (herein collectively
called &#147;CSI,&#148; &#147;our&#148; or the &#147;Company&#148;) is a Minnesota corporation organized in
1969 that operates directly and through its subsidiaries located in the United
States, Costa Rica, the United Kingdom and China. CSI is principally engaged
through its Suttle and Austin Taylor business units in the manufacture and sale
of modular connecting and wiring devices for voice and data communications,
digital subscriber line filters, and structured wiring systems and through its
Transition Networks business unit in the manufacture of media and rate
conversion products for telecommunications networks. CSI also provides through
its JDL Technologies business unit IT solutions including network design,
computer infrastructure installations, IT service management, change
management, network security and network operations services. </FONT></P>

<P><FONT SIZE=2>The Company classifies its
businesses into four segments: <I>Suttle</I>,
which manufactures U.S. standard modular connecting and wiring devices for
voice and data communications; <I>Transition
Networks,</I> which designs and markets media conversion products,
ethernet switches, and other connectivity and data transmission products; <I>Austin Taylor, </I>which manufactures British
standard line jacks, patch panels, metal boxes, distribution and central office
frames; and <I>JDL Technologies, (JDL</I>), which provides IT
services; non-allocated general and administrative expenses are separately
accounted for as &#147;Other&#148; in the Company&#146;s segment reporting. There are no
material intersegment revenues. </FONT></P>

<P><FONT SIZE=2><B>Principles of consolidation: </B>The consolidated financial statements include
the accounts of the Company and its subsidiaries. All material intercompany
transactions and accounts have been eliminated. </FONT></P>

<P><FONT SIZE=2><B>Use of estimates: </B>The presentation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period. The Company uses estimates based on
the best information available in recording transactions and balances resulting
from operations. Actual results could differ from those estimates. The
Company&#146;s estimates consist principally of reserves for doubtful accounts,
sales returns, warranty costs, asset impairment evaluations, accruals for
compensation plans, self-insured medical and dental accruals, pension liabilities,
lower of cost or market inventory adjustments, provisions for income taxes and
deferred taxes and depreciable lives of fixed assets. </FONT></P>

<P><FONT SIZE=2><B>Cash equivalents:</B> For purposes of the consolidated statements of cash flows, the Company
considers all highly liquid investments with a maturity of three months or less
at the time of purchase to be cash equivalents. As of December 31, 2011, the
Company had $22.5 million in cash and cash equivalents. Of this amount, $0.8
million was invested in short-term money market funds that are not considered
to be bank deposits and are not insured or guaranteed by the federal deposit
insurance company (FDIC) or other government agency. These money market funds
seek to preserve the value of the investment at $1.00 per share; however, it is
possible to lose money investing in these funds. The remainder is operating
cash and certificates of deposit which are fully insured through the FDIC. </FONT></P>

<P><FONT SIZE=2><B>Investments:</B> Investments consist of certificates of deposit that are traded on the
open market and are classified as available-for-sale at December 31, 2011.
Available-for-sale investments are reported at fair value with unrealized gains
and losses excluded from operations and reported as a separate component of
stockholders&#146; equity, net of tax (see Accumulated Comprehensive income below). </FONT></P>

<P><FONT SIZE=2><B>Inventories:</B> Inventories are stated at the lower of cost or market. Cost is
determined by the first-in, first-out method. Provision to reduce inventories
to the lower of cost or market is made based on a review of excess and obsolete
inventories, estimates of future sales, examination of historical consumption
rates and the related value of component parts. </FONT></P>

<P><FONT SIZE=2><B>Property, plant and equipment: </B>Property, plant and equipment are recorded at
cost. Depreciation is computed using the straight-line method. Depreciation
included in cost of sales and selling, general and administrative expenses for
continuing operations was $2,058,000, $1,859,000 and $1,698,000 for 2011, 2010
and 2009, respectively. Maintenance and repairs are charged to operations and
additions or improvements are capitalized. Items of property sold, retired or
otherwise disposed of are removed from the asset and accumulated depreciation
accounts and any gains or losses on disposal are reflected in operations. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>36</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>Goodwill and Other Intangible Assets:</B> Goodwill represents the amount by which the
purchase prices (including liabilities assumed) of acquired businesses exceed
the estimated fair value of the net tangible assets and separately identifiable
assets of these businesses. Goodwill and intangible assets with indefinite
useful lives are not amortized, but are tested at least annually for
impairment. The Company reassesses the value of our reporting units and related
goodwill balances at the end of each fiscal year and at other times if events
have occurred or circumstances exist that indicate the carrying amount of
goodwill may not be recoverable. </FONT></P>

<P><FONT SIZE=2><B>Recoverability of long-lived assets: </B>The Company reviews its long-lived assets
periodically to determine potential impairment by comparing the carrying value
of the assets with expected net cash flows expected to be provided by operating
activities of the business or related products. If the sum of the expected
future net cash flows is less than the carrying value, an impairment loss would
be measured by comparing the amount by which the carrying value exceeds the
fair value of the asset. </FONT></P>

<P><FONT SIZE=2><B>Warranty: </B>The Company reserves for the estimated cost of product warranties at the
time revenue is recognized. We estimate the costs of our warranty obligations
based on our warranty policy or applicable contractual warranty, historical
experience of known product failure rates, and use of materials and service
delivery costs incurred in correcting product failures. Management reviews the
estimated warranty liability on a quarterly basis to determine its adequacy. </FONT></P>

<P><FONT SIZE=2>The following table presents
the changes in the Company&#146;s warranty liability for the years ended December
31, 2011 and 2010, which relate to normal product warranties and a five-year
obligation to provide for potential future liabilities for certain network
equipment sales: </FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="72%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Beginning balance</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>616,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>648,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Amounts charged to expense</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>258,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>162,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Actual warranty costs paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(240,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(194,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Ending balance</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>634,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>616,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Accumulated Comprehensive income: </B>The components of accumulated other
comprehensive income are as follows: </FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="72%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign currency translation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(337,597</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,272,530</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Unrealized gain on available-for-sale investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(2,633</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14,058</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Minimum pension liability</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>447,836</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>972,836</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>107,606</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(285,636</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The functional currency of
Austin Taylor and Patapsco is the British pound. Assets and liabilities denominated in this foreign currency
were translated into U.S. dollars at year-end exchange rates. Revenue and
expense transactions were translated using average exchange rates. Suttle Costa
Rica and Transition China use the U.S. dollar as its functional currency. </FONT></P>

<P><FONT SIZE=2><B>Revenue recognition</B>: The Company&#146;s manufacturing operations (Suttle, Transition Networks
and Austin Taylor) recognize revenue when the earnings process is complete,
evidenced by persuasive evidence of an agreement, delivery has occurred or
services have been rendered, the price is fixed or determinable, and
collectability is reasonably assured. Revenue is recognized for domestic and
international sales at the shipping point or delivery to customers, based on
the related shipping terms. Risk of loss transfers at the point of shipment or
delivery to customers, and the Company has no further obligation after such
time. Sales are made directly to customers and through distributors. Payment
terms for distributors are consistent with the terms of the Company&#146;s direct
customers. The Company records a provision for sales returns, sales incentives
and warranty costs at the time of the sale based on historical experience and
current trends. </FONT></P>

<P><FONT SIZE=2>JDL Technologies generally
records revenue on hardware, software and related equipment sales and
installation contracts when the revenue recognition criteria are met and
products are installed and accepted by the customer. JDL records revenue on
service contracts on a straight-line basis over the contract period, unless
evidence suggests the revenue is earned in a different pattern. Each contract
is individually reviewed to determine when the earnings process is complete. </FONT></P>

<P><FONT SIZE=2><B>Research and development: </B>Research and development costs consist of
outside testing services, equipment and supplies associated with enhancing
existing products and developing new products. Research and development costs
are expensed when incurred and totaled $2,045,000 in 2011, $2,127,000 in 2010
and $1,707,000 in 2009. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>37</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>Net income per share: </B>Basic net income per common share is based on
the weighted average number of common shares outstanding during each year.
Diluted net income per common share adjusts for the dilutive effect of
potential common shares outstanding. The Company&#146;s only potential common shares
outstanding are stock options and unvested shares, which resulted in a dilutive
effect of 47,261 shares, 30,324 shares and 12,519 shares in 2011, 2010 and
2009, respectively. The Company calculates the dilutive effect of outstanding
options and unvested shares using the treasury stock method. The number of
shares not included in the computation of diluted earnings per share because
the options&#146; exercise price was greater than the average market price of common
stock during the year for 2011, 2010, and 2009 was 0, 0 and 81,000,
respectively. </FONT></P>

<P><FONT SIZE=2><B>Share based compensation:</B> The Company accounts for share based
compensation awards on a fair value basis. The estimated grant date fair value
of each stock-based award is recognized in income over the requisite service
period (generally the vesting period). The estimated fair value of each option
is calculated using the Black-Scholes option-pricing model. </FONT></P>

<P><FONT SIZE=2><U><B>NOTE 2 - INVENTORIES </B></U></FONT></P>

<P><FONT SIZE=2>Inventories consist of:</FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="72%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>December
31</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Finished goods</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,010,071</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13,684,884</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Raw and processed materials</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11,975,932</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,814,051</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>25,986,003</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>24,498,935</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><U><B>NOTE 3 - PROPERTY, PLANT AND EQUIPMENT</B></U></FONT></P>

<P><FONT SIZE=2>Property, plant and equipment
and the estimated useful lives are as follows: </FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>December
31</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 ROWSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Estimated
<BR>
useful life</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>

<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Land</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
<TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,114,330</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,099,988</FONT></P>
 </TD>

 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Buildings and improvements</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7-40
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,779,969</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,449,395</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Machinery and equipment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3-15
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>23,266,325</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>21,889,116</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Furniture and fixtures</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5-10
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,966,579</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,569,720</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Construction in progress</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>515,095</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>39,642,298</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>37,008,219</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Less accumulated depreciation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(25,623,279</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(23,794,152</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14,019,019</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13,214,067</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><U><B>NOTE 4 &#150; ACQUISITION </B></U></FONT></P>

<P><FONT SIZE=2>On July 27, 2011, the Company
acquired Patapsco Designs Limited of the UK (&#147;Patapsco&#148;). The purchase price
totals $5,094,000, with cash acquired totaling $862,000. The purchase price
includes initial consideration of $3,271,000, deferred consideration of
$466,000 to be paid out no later than 18 months from the acquisition date,
$656,000 in working capital adjustments, and $701,000 in contingent
consideration. The Company has agreed to pay consideration up to $818,000
contingent upon the Patapsco business meeting gross margin and other
non-financial targets, with the consideration to paid out no later than two
years from the acquisition date. Although the maximum contingent consideration
is $818,000, the Company has recognized $701,000 as the estimated fair value of
the contingent consideration at the date of acquisition. This contingent consideration
has been calculated based on the exchange rate at the date of acquisition and
actual payments may differ based on fluctuations in the exchange rate between
the dollar and the pound. At December 31, 2011, the Company had estimated
liabilities of $1,003,000 related to outstanding consideration payments. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>38</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The assets and liabilities of
Patapsco were recorded in the consolidated balance sheet within the Transition
Networks&#146; segment as of the acquisition date, at their respective fair values.
The purchase price allocation is based on the estimated fair value of assets
acquired and liabilities assumed and has been allocated as follows: </FONT></P>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="65%" STYLE="MARGIN-LEFT:5%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="82%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>July 27, 2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Current assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,052,149</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Property, plant, and equipment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>163,671</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Intangible assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>801,488</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Goodwill</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,702,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Total assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,719,648</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Current liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>414,735</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Long-term deferred tax liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>210,952</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Total liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>625,687</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Net assets acquired</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,093,961</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Identifiable intangible
assets are definite-lived assets. These assets include customer relationships,
trademarks, and technology intangible assets, and have a weighted average
amortization period of 8 years, which matches the weighted average useful life
of the assets. Goodwill recorded as part of the purchase price allocation is
not tax deductible. </FONT></P>

<P><FONT SIZE=2><U><B>NOTE 5 &#150; GOODWILL AND OTHER INTANGIBLE ASSETS </B></U></FONT></P>

<P><FONT SIZE=2>The changes in the carrying
amount of goodwill for the years ended December 31, 2011 and 2010 by segment
are as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="59%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Suttle</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Transition
<BR>
Networks</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Total</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>January 1, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,288,231</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,560,217</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>

 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,288,231</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,560,217</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Impairment loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Acquisition</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,702,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,702,340</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Gross goodwill</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,262,557</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Accumulated impairment loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Balance at December 31,
 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,990,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>During our fiscal quarter
ended June 30, 2011, based on greater than expected decline in actual and
forecasted profitability of legacy products in our Suttle business unit, as
well as, significant project delays that occurred related to Suttle&#146;s new
technologies, we concluded that that these events and circumstances were
indicators to require us to perform an interim goodwill impairment analysis of
our Suttle business unit. This analysis included the determination of the
reporting unit&#146;s fair value primarily using discounted cash flows modeling.
Based on the step one and step two analysis, considering Suttle&#146;s reduced
earnings and cash flow forecasts, the Company determined that Suttle&#146;s goodwill
was fully impaired and recorded a goodwill impairment for the Suttle segment of
$1,272,000. This non-recurring fair value measurement is a &#147;Level 3&#148;
measurement under the fair value hierarchy described in Note 12. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>39</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The Company&#146;s identifiable
intangible assets with finite lives are being amortized over their estimated
useful lives and were as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="95%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="40%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD  WIDTH="3%"VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD  WIDTH="1%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD  WIDTH="10%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="3%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="1%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="10%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="3%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="1%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="13%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="3%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="1%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="10%" VALIGN=TOP>

 <P ALIGN=CENTER>&nbsp;</P>

 </TD>
 <TD  WIDTH="1%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=11 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>December 31, 2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=11 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Gross Carrying <BR>
 Amount</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Accumulated <BR>
 Amortization</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Foreign Currency <BR>
 Translation</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Net</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Trademarks</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>81,785</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,599</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,520</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>72,666</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Customer relationships</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>490,707</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(19,316</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(27,114</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>444,277</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Technology</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>228,996</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(18,029</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(12,652</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>198,315</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>801,488</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(41,944</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(44,286</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>715,258</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Amortization expense on these
identifiable intangible assets was $42,000 in 2011. The amortization expense is
included in selling, general and administrative expenses. </FONT></P>

<P><FONT SIZE=2><U><B>NOTE 6 - EMPLOYEE RETIREMENT BENEFITS</B></U></FONT></P>

<P><FONT SIZE=2>The Company has an Employee
Savings Plan (401(k)) and matches a percentage of employee contributions up to
six percent of compensation. Contributions to the plan in 2011, 2010 and 2009
were $479,000, $456,000, and $420,000, respectively. </FONT></P>

<P><FONT SIZE=2>The Company&#146;s U.K.-based
subsidiary Austin Taylor maintains defined benefit pension plans that cover
approximately seven active employees. The Company does not provide any other
post-retirement benefits to its employees. The following table summarizes the balance
sheet impact, including benefit obligations, assets and funded status of Austin
Taylor&#146;s pension plans at December 31, 2011 and 2010: </FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="74%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Change in benefit obligation:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Benefit obligation at the beginning of the year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,919,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,623,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Service cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>46,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Interest cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>239,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>257,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Participant contributions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>19,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Augmentations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>46,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Actuarial (gains)/losses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>62,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>254,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Benefits paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(162,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(147,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign currency gains</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(5,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(133,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Benefit obligation at the end of the year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,150,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,919,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Change in plan assets:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Fair value of plan assets at beginning of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,269,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,023,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Actual return on plan assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>892,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>464,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Employer contributions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>48,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>54,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Participant contributions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>19,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Benefits paid</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(162,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(147,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign currency losses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(6,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(144,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Fair value of plan assets at end of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,056,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,269,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Funded status at end of year &#150; net asset /(liability)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>906,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>350,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="95%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="79%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Weighted average
 assumptions used to determine net periodic pension costs:</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Discount rate</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>4.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>5.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Expected return on assets</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4.2</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5.1</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The plans are funded through
UK government gilts and an insurance contract both recorded in the financial
statements at fair value. The related amounts for each of these investments
were $3,193,000 and $2,864,000 as of December 31, 2011 and were determined to
be level 2 and level 3 investments, respectively. Level 2 investments are
valued based on observable inputs such as quoted prices for similar instruments
and quoted prices in markets that are not active. Level 3 investments are
valued based on significant unobservable inputs. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>40</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The Company does not expect
any plan assets to be returned to the Company during the twelve months
subsequent to December 31, 2011. </FONT></P>

<P><FONT SIZE=2>The Company expects to make
contributions of $48,000 to the plan in 2012.</FONT></P>

<P><FONT SIZE=2>The Company estimates its
future pension benefit payments will be as follows:</FONT></P>


<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="60%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="85%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>351,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>2013</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>280,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2014</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>471,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>2015</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>252,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2016</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>227,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>2017 thru 2021</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,043,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<P><FONT SIZE=2>Components of the Company&#146;s net periodic
pension costs are:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="65%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>2011</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2010</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>2009</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Service cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>36,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>46,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>37,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Interest cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>240,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>258,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>261,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Expected return on assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(267,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(244,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(226,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Amortization of prior
 service cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>46,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Net periodic pension cost</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>55,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>60,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>72,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><U><B>NOTE 7 &#150; COMMITMENTS AND CONTINGENCIES</B></U></FONT></P>

<P><FONT SIZE=2><B>Operating leases: </B>The Company leases land, buildings and equipment under operating leases
with original terms from 1 to 5 years. Total rent expense was $421,000,
$402,000 and $440,000 in 2011, 2010 and 2009 respectively. Sublease income
received was $0, $8,000 and $12,000 in 2011, 2010 and 2009 respectively. At December
31, 2011, the Company was obligated under noncancelable operating leases to
make minimum annual future lease payments as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%" ALIGN="CENTER">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="82%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P ALIGN="CENTER">&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Year Ending December 31:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>175,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>2013</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Thereafter</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>182,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Long-term debt:</B> The mortgage on the Company&#146;s headquarters building is payable in
monthly installments and carries an interest rate of 6.83%. The mortgage
matures on March 1, 2016. The outstanding balance on the mortgage was
$2,002,000 at December 31, 2011. The mortgage is secured by the building. </FONT></P>

<P><FONT SIZE=2>The annual requirements for
principal payments on the mortgage are as follows: </FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="60%" >
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2012</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>427,000</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>457,000</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2014</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>490,000</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2015</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>524,000</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2016</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>104,000</FONT></P>
 </TD>
 </TR>
</TABLE>


<P><FONT SIZE=2><B>Purchasing obligations: </B>On September 30, 2011, the Company entered
into a contract with IFS to implement a new Enterprise Resource Planning (ERP) system. The remaining contract balance at December
31, 2011 was $739,000. The contract includes annual future obligations for the years ending December 31, as follows:</FONT></P>

<TABLE BORDER=0 ALIGN=CENTER CELLSPACING=0 CELLPADDING=0 WIDTH="60%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="85%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>532,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>2013</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>207,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>


<P><FONT SIZE=2><B>Line of credit:</B> The Company has a $10,000,000 line of credit from Wells Fargo Bank. The
Company had no outstanding borrowings against the line of credit at December
31, 2011 and 2010 and the entire credit line is available for use. Interest on
borrowings on the credit line is at LIBOR plus 1.1% (1.7% at December 31, 2011).
The credit agreement expires October 31, 2013 and is secured by assets of the
Company. Our credit agreement contains financial covenants including current
ratio, net income, and tangible net worth minimums. The Company was in
compliance with all financial covenants as of December 31, 2011. </FONT></P>

<P><FONT SIZE=2>As of December 31, 2011, the
Company had no other material commitments (either cancelable or non-cancelable)
for capital expenditures or other purchase commitments related to ongoing
operations. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>41</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>Long-term compensation plans:</B> The Company has a long term incentive plan.
The plan provides long-term competitive compensation to enable the Company to
attract and retain qualified executive talent and to reward employees for
achieving goals and improving company performance. The plan provides grants of
&#147;performance units&#148; made at the beginning of performance periods and paid at
the end of the period if performance goals are met. Awards were previously made
every other year and are paid following the end of the cycle with annual
vesting. Payment in the case of retirement, disability or death will be on a
pro rata basis. The Company accrued expense of $286,000, $926,000 and $734,000
in 2011, 2010 and 2009, respectively. Accrual balances for long-term
compensation plans at December 31, 2011 and 2010 were $2,024,000 and
$1,738,000, respectively. Awards paid were $0 in 2011, $1,332,000 in 2010 and
$0 in 2009. Awards for the 2008 to 2011 cycle will be paid out in 2012 in cash,
awards for the 2010 to 2013 and the 2011 to 2013 cycles will be paid out 50% in
cash and 50% in stock. The stock portion of these awards are treated as equity
plans and included within the Stock Compensation footnote below. </FONT></P>

<P><FONT SIZE=2><B>Other contingencies: </B>In the ordinary course of business, the
Company is exposed to legal actions and claims and incurs costs to defend
against such actions and claims. Company management is not aware of any
outstanding or pending legal actions or claims that would materially affect the
Company&#146;s financial position or results of operations. </FONT></P>

<P><FONT SIZE=2><U><B>NOTE 8 &#150; STOCK COMPENSATION</B></U></FONT></P>

<P><FONT SIZE=2><U>2011
Executive Incentive Compensation Plan </U></FONT></P>

<P><FONT SIZE=2>On March 28, 2011 the Board
adopted and on May 19, 2011 the Company&#146;s shareholders approved the Company&#146;s
2011 Executive Incentive Compensation Plan (&#147;2011 Incentive Plan&#148;). The 2011
Incentive Plan authorizes incentive awards to officers, key employees and
non-employee directors in the form of options (incentive and non-qualified),
stock appreciation rights, restricted stock, restricted stock units,
performance stock units (&#147;deferred stock&#148;), performance cash units, and other
awards in stock, cash, or a combination of stock and cash. Up to 1,000,000
shares of our common stock may be issued pursuant to awards under the 2011
Incentive Plan. The 2011 Incentive Plan is administered by the Compensation
Committee of the Board of Directors. Through December 31, 2011, the only awards
that have been made under the 2011 Incentive Plan are those described in
following paragraphs. </FONT></P>

<P><FONT SIZE=2>The 2011 Incentive Plan
permits equity awards to non-employee directors either in the form of
restricted stock grants or non-qualified stock option awards, or both. On March
28, 2011, the Compensation Committee and the Board determined that, subject to
receiving shareholder approval of the 2011 Incentive Plan, each non-employee
director elected or re-elected at the May 19, 2011 Annual Shareholders Meeting
(the &#147;2011 Shareholders Meeting&#148;) would be issued shares of restricted stock
having a value of $40,000 based on the closing price of the Company&#146;s common
stock on May 19, 2011 and also determined this restricted stock would vest
after one year and be subject to restrictions on resale for one additional
year. At the 2011 Shareholders Meeting, the Company&#146;s shareholders approved the
2011 Incentive Plan and, effective as of that date, the Company awarded 2,226
shares of restricted stock to each of the Company&#146;s six non-employee directors
for a total of 13,356 shares. In addition, on August 11, 2011, the Company&#146;s
Board awarded a 2,226 share restricted stock grant to the Company&#146;s former
chief executive officer, who began service as a non-employee director after
retiring as chief executive officer on May 19, 2011. </FONT></P>

<P><FONT SIZE=2>At December 31, 2011, 984,418
shares remained available to be issued under the 2011 Incentive Plan. </FONT></P>

<P><FONT SIZE=2><U>Stock
Option Plan for Directors </U></FONT></P>

<P><FONT SIZE=2>Shares of common stock are
reserved for issuance to non-employee directors under options granted by the
Company prior to 2011 under its Stock Option Plan for Non-Employee Directors
(the &#147;Director Plan&#148;). Under the Director Plan nonqualified stock options to
acquire 3,000 shares of common stock were automatically granted to each
non-employee director concurrent with annual meetings of shareholders in 2010
and earlier years and vested immediately. The exercise price of options granted
was the fair market value of the common stock on the date of the respective
shareholder meetings. Options granted under the Director Plan expire 10 years
from date of grant. </FONT></P>

<P><FONT SIZE=2>The Director Plan was
suspended as of May 19, 2011 to prohibit automatic option grants in 2011 in
connection with seeking and receiving shareholder approval of the 2011
Incentive Plan, at the 2011 Annual Meeting of Shareholders. As shareholder
approval was received, the Board amended the Director Plan to prohibit any
future option awards under that plan on August 11, 2011. Stock options were
granted to non-employee directors for 0, 18,000, and 18,000 shares in 2011,
2010 and 2009, respectively. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>42</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><U>Stock
Plan </U></FONT></P>

<P><FONT SIZE=2>Under the Company&#146;s 1992
Stock Plan (&#147;the Stock Plan&#148;), shares of common stock may be issued pursuant to
stock options, restricted stock or deferred stock grants to officers and key
employees. Exercise prices of stock options under the Stock Plan cannot be less
than fair market value of the stock on the date of grant. Rules and conditions
governing awards of stock options, restricted stock and deferred stock are
determined by the Compensation Committee of the Board of Directors, subject to
certain limitations in the Stock Plan. When seeking approval of the 2011
Incentive Plan at the 2011 Shareholders Meeting, the Company committed to
amending the Stock Plan to prohibit the issuance of future equity awards if
such approval was given. Effective August 11, 2011, the amendment to prohibit
future stock options or other equity awards was approved. </FONT></P>

<P><FONT SIZE=2>During 2011, prior to
amending the Stock Plan to prohibit future awards, stock options were awarded
covering 96,250 shares to key executive employees, which options expire seven
years from the date of award and vest 25% each year beginning one year after
the date of award. </FONT></P>

<P><FONT SIZE=2>During 2011, prior to
amending the Stock Plan to prohibit future awards, key employees were granted
deferred stock awards covering 16,092 shares tied to achievement against
performance goals in 2010 under the Company&#146;s long term incentive plan. To the
extent earned, the deferred stock will be paid out in the first quarter of 2014
to key employees still employed by the Company at that time. The Company also
granted deferred stock awards covering 77,588 shares to key employees under the
Company&#146;s long term incentive plan tied to achievement against performance over
the 2011 to 2013 period. The actual number of shares of deferred stock earned
by the respective employees, if any, will be determined based on achievement
against cumulative performance goals for the three years ending December 31,
2013 and the number of shares earned will be paid in the first quarter of 2014
to those key employees still employed by the Company at that time. During 2011,
the Company also granted deferred stock awards of up to 12,156 shares to
executive employees that could be earned under the Company&#146;s short-term
incentive plan if actual revenue equaled or exceeded 150% of 2011 quarterly or
annual revenue targets. The number of shares earned by the respective executive
employees will be paid out no later than the first quarter of 2012. </FONT></P>

<P><FONT SIZE=2>At December 31, 2011 after
reserving for stock options and deferred stock awards described in the two
preceding paragraphs and adjusting for forfeitures and issuances during the
year, there were 162,243 shares reserved for issuance under the Stock Plan. The
Company did not award stock options or deferred stock under this plan in 2010
or 2009. </FONT></P>

<P><FONT SIZE=2><U>Stock
Options Outstanding </U></FONT></P>

<P><FONT SIZE=2>The following table
summarizes changes in the number of outstanding stock options under the
Director Plan and Stock Plan during the three years ended December 31, 2011. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE="1"><B>Options</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Weighted
average <BR>
exercise price <BR>
per share</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>&nbsp;</B> </FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE="1"><B>Weighted
average <BR>
remaining <BR>
contractual term</B> </FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Outstanding &#150; December 31, 2008</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>351,350</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9.99</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2.78
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Awarded</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>18,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9.73</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Exercised</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(6,400</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10.71</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Forfeited</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(173,950</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10.18</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Outstanding &#150; December 31, 2009</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>189,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9.77</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4.75
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Awarded</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>18,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11.82</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Exercised</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(21,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8.70</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Forfeited</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(24,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14.13</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Outstanding &#150; December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>162,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9.49</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5.33
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Awarded</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>96,250</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Exercised</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(9,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>8.10</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Forfeited</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(12,430</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>11.23</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Outstanding &#150; December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>236,820</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11.35</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5.18
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Exercisable at December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>164,635</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10.12</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.73
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Expected to vest at December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>235,801</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>11.34</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5.17
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The fair value of awards issued
under the Company&#146;s stock option plan is estimated at grant date using the
Black-Scholes option-pricing model. The following table displays the
assumptions used in the model. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>43</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="52%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Expected volatility</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>27.7</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>27.3</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>28.3</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Risk free interest rate</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3.4</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3.7</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3.4</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Expected holding period</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Dividend yield</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.2</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.7</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.9</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Total
unrecognized compensation expense was $102,000, $0, and $0 for the years ending
December 31, 2011, 2010 and 2009, respectively, which is expected to be
recognized over the next 3.2 years. The aggregate intrinsic value of all
outstanding options, exercisable options, and options expected to vest (the
amount by which the market price of the stock on the last day of the period
exceeded the market price of the stock on the date of grant) was $651,000 based
on the Company&#146;s stock price at December 31, 2011. The intrinsic value of
options exercised during the year was $61,000, $183,000 and $30,000 in 2011,
2010 and 2009, respectively. Net cash proceeds from the exercise of all stock
options were $73,000, $0 and $30,000 for 2011, 2010 and 2009, respectively. The
following table summarizes the status of stock options outstanding at December
31, 2011:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="53%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Range of
 Exercise Prices</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Weighted Average<BR>
 Remaining<BR>
 Option Life</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Weighted<BR>
 Average<BR>
 Exercise Price</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$7.13 to $8.64</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>45,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.4
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7.59</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$8.65 to $9.99</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>33,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6.0
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9.67</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$10.00 to $12.00</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>69,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5.9
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10.95</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$12.01 to $14.50</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>89,820</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6.2
 years</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>14.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Company
receives an income tax benefit related to the gains received by officers and key
employees who make disqualifying dispositions of stock received on exercise of
qualified incentive stock options and on non-qualified options. The amount of
tax benefit received by the Company was $22,000, $35,000 and $0 in 2011, 2010
and 2009 respectively. The tax benefit amounts have been credited to additional
paid-in capital. </FONT></P>

<P><FONT SIZE=2><U>Deferred Stock Outstanding</U></FONT></P>

<P><FONT SIZE=2>The following
table summarizes the changes in the number of deferred stock shares under the
Stock Plan and 2011 Incentive Plan over the period December 31, 2010 to
December 31, 2011:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="80%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="59%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Weighted Average<BR>
 Grant Date<BR>
 Fair Value</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Outstanding &#150; December 31,
 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Granted</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>105,836</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Vested</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(2,657</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15.40</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Forfeited</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(31,330</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15.27</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Outstanding &#150; December 31,
 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>71,849</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15.14</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The grant date
fair value is calculated based on the Company&#146;s closing stock price as of the
grant date. As of December 31, 2011, the total unrecognized compensation
expense related to the deferred stock shares was $302,000 and is expected to be
recognized over a weighted-average period of 2 years.</FONT></P>

<P><FONT SIZE=2><U>Compensation Expense</U></FONT></P>

<P><FONT SIZE=2>Share-based
compensation expense is recognized based on the fair value of awards granted
over the vesting period of the award. Share-based compensation expense
recognized for 2011, 2010 and 2009 was $449,000, $39,000 and $32,000 before
income taxes and $292,000, $25,000 and $20,000 after income taxes,
respectively. Share-based compensation expense is recorded as a part of
selling, general and administrative expenses.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>44</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><U>Employee Stock Purchase Plan</U></FONT></P>

<P><FONT SIZE=2>Under the
Company&#146;s Employee Stock Purchase Plan (&#147;ESPP&#148;) employees are able to acquire
shares of common stock at 90% of the price at the end of each current quarterly
plan term. The most recent term ended December 31, 2011. The ESPP is considered
compensatory under current rules. At December 31, 2011, after giving effect to
the shares issued as of that date, 66,413 shares remain available for purchase
under the ESPP.</FONT></P>

<P><FONT SIZE=2><U>Employee Stock Ownership Plan (ESOP)</U></FONT></P>

<P><FONT SIZE=2>All eligible
employees of the Company participate in the ESOP after completing one year of
service. Contributions are allocated to each participant based on compensation
and vest 30% after three years of service and incrementally thereafter, with
full vesting after seven years. At December 31, 2011, the ESOP held 531,137
shares of the Company&#146;s common stock, all of which have been allocated to the
accounts of eligible employees. Contributions to the plan are determined by the
Board of Directors and can be made in cash or shares of the Company&#146;s stock.
The 2011 ESOP contribution was $508,199 for which the Company issued 36,145
shares in March 2012. The 2010 ESOP contribution was $316,027 for which the
Company issued 22,493 shares in 2011. The Company&#146;s 2009 ESOP contribution was
$471,563 for which the Company issued 37,907 shares of common stock to the ESOP
in 2010. </FONT></P>

<P><FONT SIZE=2><U><B>NOTE 9 &#150; COMMON STOCK</B></U></FONT></P>

<P><FONT SIZE=2>PURCHASES OF
COMMUNICATIONS SYSTEMS, INC. COMMON STOCK</FONT></P>

<P><FONT SIZE=2>In October
2008, the Company&#146;s Board of Directors authorized the repurchase of shares of
the Company&#146;s stock pursuant to Exchange Act Rule 10b-18 on the open market, in
block trades or in private transactions. At December 31, 2011, 481,938
additional shares could be repurchased under outstanding Board authorizations. </FONT></P>

<P><FONT SIZE=2>SHAREHOLDER
RIGHTS PLAN</FONT></P>

<P><FONT SIZE=2>On December
23, 2009 the Board of Directors adopted a shareholders&#146; rights plan. Under this
plan, the Board of Directors declared a distribution of one right per share of
common stock. Each right entitles the holder to purchase 1/100<SUP>th</SUP> of
a share of a new series of Junior Participating Preferred Stock of the Company
at an initial exercise price of $41. The rights expire on December 23, 2019.
The rights will become exercisable only following the acquisition by a person
or group, without the prior consent of the Board of Directors, of 16.5% or more
of the Company&#146;s voting stock, or following the announcement of a tender offer
or exchange offer to acquire an interest of 16.5% or more. If the rights become
exercisable, each rightholder will be entitled to purchase, at the exercise
price, common stock with a market value equal to twice the exercise price.
Should the Company be acquired, each right would entitle the holder to
purchase, at the exercise price, common stock of the acquiring company with a
market value equal to twice the exercise price. Any rights owned by the
acquiring person or group would become void.</FONT></P>

<P><FONT SIZE=2><U><B>NOTE 10 - INCOME
TAXES</B></U></FONT></P>

<P><FONT SIZE=2>Income tax
expense from continuing operations consists of the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="56%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>


 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Currently payable income
 taxes:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Federal</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,609,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,906,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,766,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>State</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>414,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>581,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>362,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>103,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(50,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(14,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,126,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,437,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,114,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Deferred income taxes
 (benefit):</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Federal</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,204,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(522,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>551,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>State</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>72,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(10,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>37,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>420,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>54,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,696,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(518,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>642,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,822,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,919,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,756,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>45</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Austin Taylor
Communications, Ltd. operates in the United Kingdom (U.K.) and is subject to
U.K. rather than U.S. income taxes. Austin Taylor had pretax losses of
$1,474,000, $1,119,000 and $1,252,000 in 2011, 2010 and 2009 respectively. At
the end of 2011, Austin Taylor&#146;s net operating loss carry-forward was
$6,986,000. $56,000 of the 2011 pretax loss will provide group relief to
Patapsco, a U.K. company acquired by Communications Systems, Inc. during 2011. The
Company remains uncertain that it will be able to generate the future income
needed to realize the tax benefit of the carry-forward. Accordingly, the
Company has continued to maintain its deferred tax valuation allowance against
the potential carry-forward benefit. </FONT></P>

<P><FONT SIZE=2>In 2007,
Transition Networks China began operations in China and is subject to Chinese
taxes rather than U.S. income taxes. Transition Networks China had pretax
income of $24,000 in 2011 and pretax losses of $115,000 and $190,000 in 2010
and 2009 respectively. At the end of 2011, Transition Networks China&#146;s net
operating loss carry-forward was $1,730,000. Due to the history of losses in
China the Company remains uncertain that it will be able to generate the future
income needed to realize the tax benefit of the carry-forward. Accordingly, the
Company has continued to maintain its deferred tax valuation allowance against
the potential carry-forward benefit. </FONT></P>

<P><FONT SIZE=2>Suttle Costa
Rica, S.A. operates in Costa Rica and is subject to Costa Rica income taxes. In
2005, the Board of Directors of Suttle Costa Rica S. A. declared a dividend in
the amount of $3,500,000 payable to the Company. The dividend and related
&#147;dividend reinvestment plan&#148; qualify under Internal Revenue Code Sec. 965,
which allows the Company to receive an 85% dividend received deduction if the
amount of the dividend is reinvested in the United States pursuant to a
domestic reinvestment plan. The Company made the required qualified capital
expenditures in 2006. It is the Company&#146;s intention to maintain the remaining
undistributed earnings in its Costa Rica subsidiary to support continued
operations there. No deferred taxes have been provided for the undistributed
earnings. </FONT></P>

<P><FONT SIZE=2>Suttle Costa
Rica had pretax income of $155,000 and $80,000 in 2011 and 2010 respectively
and pretax loss of $519,000 in 2009. At the end of 2011, Suttle Costa Rica&#146;s
net operating loss carry-forward was $519,000. The Costa Rican tax authorities
may allow losses to be carried forward to future periods at their discretion. The
Company believes that it is unlikely that the Costa Rican tax authorities would
grant the request to defer the prior years&#146; net operating losses to future
periods. Therefore, the Company has placed a deferred tax valuation allowance
against the potential carry-forward benefit.</FONT></P>

<P><FONT SIZE=2>The provision
for income taxes for continuing operations varied from the federal statutory
tax rate as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="56%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Year Ended December 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Tax at U.S. statutory rate</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>35.0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>35.0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>35.0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Surtax exemption</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(0.3</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(0.6</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(0.9</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>State income taxes, net of
 federal benefit</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1.9</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2.4</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2.5</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Foreign income taxes, net
 of foreign tax credits</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.7</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2.7</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4.9</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Impairment of goodwill</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2.5</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>.6</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(1.6</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2.5</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Effective tax rate</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>44.4</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>37.9</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>44.0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>

<P><FONT SIZE=2>Deferred tax
assets and liabilities as of December 31 related to the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="85%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="65%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Deferred tax assets:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Allowance for doubtful accounts</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>58,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>184,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Inventory</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,611,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,347,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Accrued and prepaid expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>762,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>939,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Domestic net operating loss carry-forward</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>186,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>265,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Long-term compensation plans</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>298,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>338,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Nonemployee director stock compensation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>128,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>71,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Other stock compensation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>122,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>State income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>63,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>58,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Foreign net operating loss carry-forwards and credits</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,625,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,660,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Gross deferred tax assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,853,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,862,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Valuation allowance</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(2,624,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(2,216,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Net deferred tax assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,229,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>5,646,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Deferred tax liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Depreciation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,577,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,373,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Intangible assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(674,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(388,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Gross deferred tax
 liability</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(2,251,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,761,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Total net deferred tax
 asset</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,978,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,885,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<P ALIGN=CENTER><FONT SIZE=2>46</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P><FONT SIZE=2>As part of
previous acquisitions, the Company purchased net operating loss carry-forwards
in the amount of $3,790,000. At December 31, 2011, the Company had $531,000
remaining net operating loss carry-forwards for income tax purposes which
expire in 2014. Utilization of net operating loss carry-forwards is limited to
$228,000 per year in future years.</FONT></P>

<P><FONT SIZE=2>The Company
assesses uncertain tax positions in accordance with ASC 740. Under this method,
the Company must recognize the tax benefit from an uncertain tax position only
if it is more likely than not that the tax position will be sustained on
examination by the taxing authorities, based on the technical merits of the
position. The tax benefits recognized in the financial statements from such
uncertain tax positions are measured based on the largest benefit that has a
greater than fifty percent likelihood of being realized upon ultimate
resolution. The Company&#146;s practice is to recognize interest and penalties
related to income tax matters in income tax expense.</FONT></P>

<P><FONT SIZE=2>Changes in the
Company&#146;s unrecognized tax benefits are summarized as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="90%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="52%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Unrecognized tax benefits &#150;
 January 1</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>270,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>349,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>380,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Gross increases - tax
 positions in prior period</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Gross decreases - tax
 positions in prior period</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Gross increases - current
 period tax positions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>66,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Expiration of statute of
 limitations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(43,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(86,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(97,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Unrecognized tax benefits &#150;
 December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>234,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>270,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>349,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Included in
the balance of unrecognized tax benefits at December 31, 2011 are $342,000 of
tax benefits that if recognized would affect the tax rate. The Company&#146;s
unrecognized tax benefits could be reduced by $81,000 in the next twelve months
due to statute of limitations expirations. The Company&#146;s income tax liability
accounts included accruals for interest and penalties of $172,000 at December
31, 2011. The Company&#146;s 2011 income tax expense was decreased by $236,000 due
to net decreases for accrued interest and penalties.</FONT></P>

<P><FONT SIZE=2>The Company&#146;s
federal and state tax returns and tax returns it has filed in Costa Rica and
the United Kingdom are open for review going back to the 2008 tax year. Puerto
Rico has no statute of limitations on tax returns.</FONT></P>

<P><FONT SIZE=2><U><B>NOTE 11- INFORMATION
CONCERNING INDUSTRY SEGMENTS AND MAJOR CUSTOMERS</B></U></FONT></P>

<P><FONT SIZE=2>The Company
classifies its businesses into four segments: Suttle, which manufactures U.S.
standard modular connecting and wiring devices for voice and data
communications; Transition Networks, which designs and markets data
transmission, computer network and media conversion products and print servers;
JDL Technologies, (JDL), which provides IT services; and Austin Taylor which
manufactures British standard telephone equipment and equipment enclosures for
the U.K and international markets. Non-allocated corporate general and
administrative expenses are categorized as &#147;Other&#148; in the Company&#146;s segment
reporting. Management has chosen to organize the enterprise and disclose
reportable segments based on products and services. There are no material
intersegment revenues.</FONT></P>

<P><FONT SIZE=2>Suttle
products are sold principally to U.S. customers. Suttle operates manufacturing
facilities in the U.S. and Costa Rica. Net long-lived assets held in foreign
countries were approximately $831,000 and $506,000 at December 31, 2011 and
2010, respectively. Transition Networks manufactures its products in the United
States and makes sales in both the U.S. and international markets. JDL
Technologies operates in the U.S. and makes sales in the U.S. Austin Taylor
operates a manufacturing facility in the U.K. and makes sales in the U.K. and
internationally. Consolidated sales to U.S.
customers were approximately 85%, 81% and 82% of sales from continuing
operations in 2011, 2010 and 2009 respectively. In 2011, sales to one of
Transition Networks&#146; customers accounted for 22.8% of consolidated sales. In
2010, sales to two of Transition Networks&#146; customers accounted for 15.1% and
12.0% of consolidated sales and one of JDL Technologies&#146; customers accounted
for 10.3% of consolidated sales. In 2009, sales to one of Transition Networks&#146;
customers accounted for 16.7% of consolidated sales and one of Suttle&#146;s
customers accounted for 12.2% of consolidated sales.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>47</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Information
concerning the Company&#146;s operations in the various segments for the
twelve-month periods ended December 31, 2011, 2010 and 2009 is as follows:</FONT></P>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="20%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Suttle</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Transition<BR>
 Networks</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>JDL<BR>
 Technologies</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Austin<BR>
 Taylor</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Other</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Total</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>36,636,915</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>91,450,014</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,400,553</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,287,569</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>143,775,051</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Cost of sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>27,365,489</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>46,825,149</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,262,006</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,427,280</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>84,879,924</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Gross profit</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,271,426</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>44,624,865</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,138,547</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(139,711</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>58,895,127</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Selling, general and administrative expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,897,672</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>23,730,729</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,982,353</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,320,094</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,177,373</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>40,108,221</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Impairment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,271,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Operating income (loss)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,101,768</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>20,894,136</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,156,194</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,459,805</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(6,177,373</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>17,514,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Depreciation and amortization</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>906,004</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>755,789</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>106,622</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40,252</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>292,068</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,100,735</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Capital expenditures</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>935,030</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,028,941</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>51,789</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>740,231</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,755,991</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>


 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25,512,978</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>33,589,083</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,844,572</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,401,323</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>53,310,960</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>116,658,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Suttle</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Transition<BR>
 Networks</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>JDL<BR>
 Technologies</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Austin<BR>
 Taylor</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Other</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Total</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>36,561,669</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>67,782,482</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,712,244</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,015,915</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>120,072,310</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Cost of sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>26,880,667</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,826,169</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>7,132,263</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,032,579</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>68,871,678</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Gross profit</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,681,002</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35,956,313</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>5,579,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(16,664</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51,200,632</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Selling, general and administrative expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,638,163</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>21,459,214</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,470,086</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,084,345</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,934,440</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>35,586,248</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Impairment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Operating income (loss)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,042,839</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>14,497,099</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,109,895</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,101,009</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(4,934,440</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>15,614,384</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Depreciation and amortization</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>830,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>604,873</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>102,850</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25,194</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>294,978</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,858,881</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Capital expenditures</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>741,820</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>680,819</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>197,784</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,854</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>164,145</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,794,422</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>Assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>19,357,569</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>32,383,709</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,493,717</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,406,939</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51,428,293</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,070,227</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>48</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="20%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Suttle</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Transition<BR>
 Networks</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>JDL<BR>
 Technologies</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Austin<BR>
 Taylor</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Other</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Total</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>2009</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>42,866,947</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55,098,346</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>8,765,415</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,061,499</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>109,792,207</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Cost of sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>33,095,673</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>25,768,865</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,011,918</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,067,101</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>67,943,557</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Gross profit</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>9,771,274</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>29,329,481</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,753,497</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(5,602</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>41,848,650</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Selling, general and
 administrative expenses</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,054,170</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>19,371,120</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,298,790</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,012,194</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,697,823</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>31,434,097</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Impairment</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>196,020</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>196,020</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Operating income (loss)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,717,104</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>9,958,361</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>1,454,707</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(1,213,816</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(3,697,823</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10,218,533</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=2>Depreciation and
 amortization</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>651,407</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>579,816</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>155,744</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>76,495</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>234,859</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,698,321</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Capital expenditures</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,667,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>355,129</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>37,026</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>114,153</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>63,334</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,237,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21,110,624</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>29,640,360</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,548,930</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,044,746</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>46,569,034</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>102,913,694</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=3 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><U><B>NOTE 12 &#150; FAIR VALUE
MEASUREMENTS </B></U></FONT></P>

<P><FONT SIZE=2>Fair value is
defined as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at
the measurement date. Assets and liabilities measured at fair value are
classified using the following hierarchy, which is based upon the transparency
of inputs to the valuation as of the measurement date: </FONT></P>

<P><FONT SIZE=2>Level 1 &#150;
Observable inputs that reflect unadjusted quoted prices for identical assets or
liabilities in active markets that the Company has the ability to access at the
measurement date. </FONT></P>

<P><FONT SIZE=2>Level 2 &#150;
Observable inputs such as quoted prices for similar instruments and quoted
prices in markets that are not active, and inputs that are directly observable
or can be corroborated by observable market data. The types of assets and
liabilities included in Level 2 are typically either comparable to actively
traded securities or contracts, such as treasury securities with pricing
interpolated from recent trades of similar securities, or priced with models
using highly observable inputs, such as commodity options priced using
observable forward prices and volatilities.</FONT></P>

<P><FONT SIZE=2>Level 3 &#150;
Significant inputs to pricing that have little or no observability as of the
reporting date. The types of assets and liabilities included in Level 3 are
those with inputs requiring significant management judgment or estimation, such
as the complex and subjective models and forecasts used to determine the fair
value of financial instruments. </FONT></P>

<P><FONT SIZE=2>The Company&#146;s
assets and liabilities that are measured at fair value on a recurring basis as
of December 31, 2011 and December 31, 2010, respectively, include money market
funds within cash equivalents of $830,000 and $9,624,000 classified as level
one within the hierarchy and certificate of deposits within investments of
$23,519,000 and $26,287,000 classified as level two. The Company does not have
any assets or liabilities classified as level three within the hierarchy, other
than the pension assets already discussed in Note 6.</FONT></P>

<P><FONT SIZE=2><U><B>NOTE 13 &#150; SUBSEQUENT
EVENTS</B></U></FONT></P>

<P><FONT SIZE=2>The Company
has evaluated subsequent events through the date of this filing. We do not
believe there are any material subsequent events which would require further
disclosure.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>49</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B> (b) SUPPLEMENTAL
FINANCIAL INFORMATION</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>Quarterly
Operating Results<BR></B>(in thousands except per share amounts)<BR>
Unaudited</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="46%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=11 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Quarter Ended</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=12 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>March 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>June 30</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Sept 30</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Dec 31</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=CENTER><FONT SIZE=2>2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>31,023</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>45,430</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>41,985</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25,337</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Gross margins</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>13,328</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>18,456</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>16,555</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>10,556</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Operating income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>4,141</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>7,253</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>6,484</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(363</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,558</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,085</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>3,730</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(575</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Basic net income per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.30</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.48</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.44</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(0.07</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Diluted net income per
 share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.30</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.48</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.44</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(0.07</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2>2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>25,882</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>30,659</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>33,324</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>30,207</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Gross margins</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>10,515</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13,284</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>15,310</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>12,092</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Operating income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,120</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>4,192</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>6,304</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>2,998</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Net income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,331</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2,415</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>3,999</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1,970</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Basic net income per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.29</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.48</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>0.23</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Diluted net income per
 share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.29</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.48</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>0.22</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 9.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>CHANGES IN AND DISAGREEMENTS WITH
 ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>None.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 9A (T):</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>CONTROLS AND PROCEDURES</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Evaluation of
Disclosure Controls and Procedures</B></FONT></P>

<P><FONT SIZE=2>Under the
supervision and with the participation of our management, including our Chief
Executive Officer and Chief Financial Officer, we evaluated the effectiveness
of the design and operation of our disclosure controls and procedures (as
defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the
&#147;Exchange Act&#148;)). </FONT></P>

<P><FONT SIZE=2>Our Chief
Executive Officer and Chief Financial Officer have concluded that, as of the
end of the period covered by this report, our disclosure controls and
procedures were effective to ensure that information required to be disclosed
by us in the reports we file or submit under the Exchange Act is recorded,
processed, summarized and reported, within the time periods specified in the
applicable rule and forms.</FONT></P>

<P><FONT SIZE=2><B>Management&#146;s Report
on Internal Control over Financial Reporting</B></FONT></P>

<P><FONT SIZE=2>Our management
is responsible for establishing and maintaining adequate internal control over
financial reporting, as such term is defined in Exchange Act Rule 13a-15(f).
Under the supervision and with the participation of our management, including
our Chief Executive Officer and Chief Financial Officer, we conducted an
evaluation of the effectiveness of our internal control over financial
reporting based on the framework in <I>Internal
control -- Integrated Framework</I> issued by the Committee of
Sponsoring Organizations of the Treadway Commission. </FONT></P>

<P><FONT SIZE=2><I>Operating Effectiveness of Accounting and Control Procedures</I>. As a result of our evaluation, our
management concluded that as of December 31, 2011, our internal control over
financial reporting is effective.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>50</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><I>Changes in Internal Control over Financial
Reporting</I> There was no
change in the Company&#146;s internal control over financial reporting that occurred
during the Company&#146;s most recently completed fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the Company&#146;s internal
control over financial reporting. </FONT></P>

<P><FONT SIZE=2>Management has
excluded from its assessment the internal control over financial reporting at
Patapsco Designs Limited of the UK, which was acquired on July 27, 2011, and whose
financial statements constitute 2.7 percent of total assets, less than one
percent of total revenues, and less than one percent of net income from
continuing operations on the consolidated financial statement amounts as of and
for the year ended December 31, 2011.<BR><BR>The Company&#146;s independent registered
public accounting firm, Deloitte &amp; Touche LLP, has issued a report on the
effectiveness of the Company&#146;s internal control over financial reporting as of
December 31, 2011. That report is set forth immediately following the report of
Deloitte &amp; Touche LLP on the consolidated financial statements included
herein. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 9B.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>OTHER INFORMATION </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>None </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PART III</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 10.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The
information required by Item 401 under Regulation S-K, to the extent applicable
to the Company&#146;s directors, will be set forth under the caption &#147;Election of
Directors&#148; in the Company&#146;s definitive proxy material for its May 22, 2012
Annual Meeting of Shareholders (&#147;2012 Proxy Materials&#148;) and is incorporated
herein by reference. The information required with respect to the Company&#146;s
officers by paragraph (b) of Item 401 is set forth under Item 1(c) (3) of this
Form 10-K. </FONT></P>

<P><FONT SIZE=2>The
information required by Item 405 regarding compliance with Section 16 (a) will
be set forth under the caption &#147;Section 16(a) Beneficial Ownership Reporting
Compliance&#148; in the Company&#146;s 2012 Proxy Materials, and is incorporated herein
by reference. </FONT></P>

<P><FONT SIZE=2>Code of Ethics
</FONT></P>

<P><FONT SIZE=2>The Company
has adopted a Code of Ethics applicable to all officers of the Company as well
as certain other key accounting personnel. A copy of the Code of Ethics can be
obtained free of charge upon written request directed to the Company&#146;s
Assistant Secretary at the executive offices of the Company. </FONT></P>

<P><FONT SIZE=2>The information
required called for by Item 407 regarding corporate governance will be set
forth under the caption &#147;Corporate Governance and Board Matters&#148; in the 2012
Proxy Materials and is incorporated herein by reference. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 11.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>EXECUTIVE COMPENSATION</B> </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The
information called for by Item 402 under Regulation S-K, will be set forth
under the caption &#147;Executive Compensation&#148; in the Company&#146;s 2012 Proxy
Materials, and is expressly incorporated herein by reference. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 12.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
 RELATED STOCKHOLDER MATTERS </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The
information called for by Item 403 under Regulation S-K will be set forth under
the captions &#147;Security Ownership of Certain Beneficial Owners and Management&#148;
and &#147;Election of Directors&#148; in the Company&#146;s 2012 Proxy Materials, and is
incorporated herein by reference. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 13.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
 INDEPENDENCE </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The
information required by Item 404 under Regulation S-K will be set forth under
the caption &#147;Certain Relationship and Related Transaction&#148; in the Company&#146;s
2012 Proxy Materials, and is incorporated herein by reference. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>51</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The
information required by Item 407(a) will be set forth in the Company&#146;s 2012
Proxy Materials caption &#147;Corporate Governance and Board Matters&#148; and is
incorporated herein by reference. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 14.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>PRINCIPAL ACCOUNTING FEES AND SERVICES </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The
information required by Item 14 of Form 10K and 9(e) of Schedule 14A will be
set forth under the caption &#147;Principal Accountant Fees and Services&#148; in the
Company&#146;s 2012 Proxy Materials, and is incorporated herein by reference. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PART IV</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>ITEM 15.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>EXHIBITS AND FINANCIAL STATEMENT SCHEDULES </B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>(a) (1) <U><B>Consolidated
Financial Statements</B></U></FONT></P>

<P><FONT SIZE=2>The following
Consolidated Financial Statements of Communications Systems, Inc. and
subsidiaries appear at pages 29 to 49 herein: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Report of
 Independent Registered Public Accounting Firm </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consolidated
 Balance Sheets as of December 31, 2011 and 2010 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consolidated
 Statements of Income and Comprehensive Income for the years ended December
 31, 2011, 2010 and 2009 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consolidated
 Statements of Changes in Stockholders&#146; Equity for the years ended December
 31, 2011, 2010 and 2009 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consolidated
 Statements of Cash Flows for the years ended December 31, 2011, 2010 and 2009
 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notes to
 Consolidated Financial Statements </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>(a) (2) <U><B>Consolidated Financial Statement Schedule</B></U></FONT></P>

<P><FONT SIZE=2>The following
financial statement schedule is being filed as part of this Form 10-K Report:</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule
II - Valuation and Qualifying Accounts and Reserves </FONT></P>

<P><FONT SIZE=2>All other
schedules are omitted as the required information is inapplicable or the
information is presented in the consolidated financial statements or related
notes. </FONT></P>

<P><FONT SIZE=2>(a) (3) <U><B>Exhibits</B></U></FONT></P>

<P><FONT SIZE=2>The exhibits
which accompany or are incorporated by reference in this report, including all
exhibits required to be filed with this report pursuant to Item 601 of
Regulation S-K, including each management or compensatory plan or arrangement
are described on the Exhibit Index, which is at pages 56 through 59 of this
report. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>52</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>SIGNATURES</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of Section 13 or 15(d) 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. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>COMMUNICATIONS
 SYSTEMS, INC.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Dated: March
 15, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ William
 G. Schultz</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>William G. Schultz, President, Chief
 Executive<BR>
 Office and Director</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Pursuant to
the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the Registrant in the
capacities and on the dates indicated: </FONT></P>

<P><FONT SIZE=2>Each person
whose signature appears below constitutes and appoints WILLIAM G. SCHULTZ and
DAVID T. MCGRAW as his true and lawful attorneys-in-fact and agents, each
acting alone, with full power of substitution and resubstitution, for him and
in his name, place and stead, in any and all capacities, to sign any or all
amendments to this Annual Report on Form 10-K 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, each acting alone, full power and authority to do and perform each and
every act and thing requisite and necessary to be done in and about the
premises, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all said attorneys-in-fact and agents,
each acting alone, or his substitute or substitutes, may lawfully do or cause
to be done by virtue thereof. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Signature</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Title</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Date</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/William
 G. Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>President,
 Chief Executive Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>and Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President, Treasurer and</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Financial Officer (Principal</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Financial
 Officer and Principal</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Accounting
 Officer)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Kristin
 A. Hlavka</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Corporate
 Controller</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Kristin A.
 Hlavka</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Curtis A.
 Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Chairman of
 the Board of Directors,</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>and Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Curtis A.
 Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Randall
 D. Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Randall D.
 Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Edwin C.
 Freeman</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Edwin C.
 Freeman</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Luella G.
 Goldberg</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Luella Gross
 Goldberg</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Gerald D.
 Pint</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Gerald D.
 Pint</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Roger
 H.D. Lacey</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Roger H.D.
 Lacey</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>/s/Jeffrey
 K. Berg</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Director</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Jeffrey K.
 Berg</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>53</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=5 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=3><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>Washington, D.C. 20549</FONT></P>

<P ALIGN=CENTER><FONT SIZE=5><B>FORM 10-K</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d)</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>OF</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>FOR</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>YEAR ENDED DECEMBER 31, 2011</B></FONT></P>

<HR SIZE=2 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>
<P ALIGN=CENTER><FONT SIZE=2><B>FINANCIAL STATEMENT SCHEDULE</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=5 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>54</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMUNICATIONS SYSTEMS, INC. AND SUBSIDIARIES<BR>
Schedule II - Valuation and Qualifying Accounts and Reserves</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="26%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Description</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Balance at<BR>
 Beginning of<BR>
 Period</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Additions<BR>
 Charged to Cost<BR>
 and Expenses</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Deductions<BR>
 from<BR>
 Reserves</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Other<BR>
 Changes<BR>
 Add (Deduct)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Balance<BR>
 at End<BR>
 of Period</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>Allowance for doubtful
 accounts:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Year ended:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>500,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>91,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(416,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>) (A)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>175,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>505,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>105,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>(110,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>) (A)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>500,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2>December 31, 2009</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>219,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>310,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>(24,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>) (A)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2>505,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(A)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Accounts determined to be
 uncollectible and charged off against reserve.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>55</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=5 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=3><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>Washington, D.C. 20549</FONT></P>

<P ALIGN=CENTER><FONT SIZE=5><B>FORM 10-K</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>ANNUAL
REPORT PURSUANT TO SECTION 13 or 15(d)</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>OF
THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>OF</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>FOR</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>YEAR ENDED DECEMBER 31, 2011</B></FONT></P>

<HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>
<P ALIGN=CENTER><FONT SIZE=2><B>EXHIBITS</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=5 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>56</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMMUNICATIONS SYSTEMS, INC. AND
SUBSIDIARIES<BR>
Exhibit Index To<BR>
Form 10-K for the Year Ended December 31, 2011</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="42%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="35%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Regulation S-K<BR>
 Exhibit Table<BR>
 Reference</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Title of
 Document</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><B>Location
 in Consecutive Numbering<BR>
 System as Filed With the Securities<BR>
 and Exchange Commission</B></FONT></P>
 </TD>
 </TR>
<TR>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>3.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Articles of
 Incorporation, as amended</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 3.1 to the Form 10-K Report of the Company for its year ended
 December 31, 1989 (the &#147;1989 Form 10-K&#148;) and incorporated herein by
 reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>3.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Bylaws, as
 amended</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 3.2 to the 1989 Form 10-K and incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>3.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Amended and
 Restated Certificate of Designation, Preferences and Rights of Series A
 Junior Participating Preferred Stock</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 4(a) to Form 8-A dated December 28, 2009 and incorporated herein by
 reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Credit
 Agreement dated as of October 28, 2011 between Communications Systems, Inc.,
 JDL Technologies, Inc., Transition Networks, Inc. and Wells Fargo Bank,
 National Association</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 10.1 to the Form 10-Q for the quarter ended September 30, 2011 and
 incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Revolving
 Line of Credit Note dated as of October 28, 2011 between Communications
 Systems, Inc., JDL Technologies, Inc., Transition Networks, Inc. and Wells
 Fargo Bank, National Association</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 10.1 to the Form 10-Q for the quarter ended September 30, 2011 and
 incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Communications Systems, Inc. Employee
 Stock Ownership Plan and Trust, effective as of January 1, 2009</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.3.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>First
 Amendment of the Communications Systems, Inc., Employee Stock Ownership Plan
 and Trust, entered into on October 21, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1990
 Employee Stock Purchase Plan, as amended and restated May 19, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 99.4 to the Form 8-K dated May 19, 2011 and incorporated herein by
 reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1990 Stock
 Option Plan for Nonemployee Directors, as amended May 19, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 10.4 to the Form 10-Q for the quarter ended September 30, 2011 and
 incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1992 Stock
 Plan, as amended August 11, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 10.3 to the Form 10-Q for the quarter ended September 30, 2011 and
 incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>57</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="42%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="35%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Supplemental
 Executive Retirement Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 10.8 to the 1993 Form 10-K and incorporated herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Communications
 Systems, Inc. Long Term Incentive Plan, as amended through March 1, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 99.2 to the Company&#146;s Form 8-K dated March 9, 2012 and incorporated
 herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consulting
 Agreement between the Company and Jeffrey K. Berg dated as of May 19, 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 99.1 to the Company&#146;s Form 8-K dated May 19, 2011 and incorporated
 herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Communications
 Systems, Inc. 2011 Executive Compensation Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 99.3 to the Form 8-K dated May 19, 2011, and incorporated herein by
 reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.11</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>*</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Communications
 Systems, Inc. Annual Bonus Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 99.1 to the Company&#146;s Form 8-K dated March 9, 2012 and incorporated
 herein by reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>10.12</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Form of
 Rights Agreement, dated as of December 23, 2009 between Communications
 Systems, Inc. and Wells Fargo Bank National Association</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed as
 Exhibit 4(b) to Form 8-A on December 28, 2009 and incorporated herein by
 reference.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

</TABLE>

<P><FONT SIZE=2>* Indicates
compensatory plans</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>58</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2>COMMMUNICATIONS SYSTEMS, INC. AND
SUBSIDIARIES<BR>
Exhibit Index To<BR>
Form 10-K for the Year Ended December 31, 2011 </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="42%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="42%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Regulation S-K<BR>
 Exhibit Table<BR>
 Reference</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN="LEFT"><FONT SIZE=1><B>Title of Document</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN="LEFT"><FONT SIZE=1><B>Location in Consecutive Numbering<BR>
 System as Filed With the Securities<BR>
 and Exchange Commission</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>21</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Subsidiaries
 of the Registrant</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>23</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Consent of
 Independent Registered Public Accounting Firm</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>24</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Power of
 Attorney</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Included in
 signatures at page 53.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>31.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Certification
 of Chief Executive Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>31.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Certification
 of Chief Financial Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>32</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Certification
 under USC &sect; 1350</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&sect; 1350 Filed
 herewith.</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>99.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Press
 Release dated March 12, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Filed
 herewith.</FONT></P>
 </TD>
 </TR>


</TABLE>

<P><FONT SIZE=2>The exhibits
referred to in this Exhibit Index will be supplied to a shareholder at a charge
of $.25 per page upon written request directed to CSI&#146;s Assistant Secretary at
the executive offices of the Company. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>59</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>csi120466_ex10-3.htm
<DESCRIPTION>EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
<TEXT>

<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 10.3</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>January 1, 2009</B></FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>TABLE OF CONTENTS</B> </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="72%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P ALIGN=CENTER><FONT SIZE="2"><B>Page</B> </FONT></P>


 </TD>
 </TR>
 <TR>
 <TD COLSPAN=5 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 1</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>NAME AND PURPOSE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Name</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>1</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Purpose</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>DEFINITIONS AND INTERPRETATIONS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>General Definitions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>2</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Qualifying Employer Securities Definitions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>13</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Limitation Definitions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>16</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Top Heavy Definitions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>17</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Interpretation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>20</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>PARTICIPATION IN THE PLAN</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>20</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Eligibility</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>20</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Designation of Beneficiary</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>21</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Termination of Participation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>22</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Recommencement of Participation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>22</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Election Not to Participate</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>23</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>CONTRIBUTIONS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>23</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>23</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participant Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>23</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Rollover Contributions and Trustee to Trustee Transfers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>24</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Transfer to Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>24</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Reversion to Employer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>ALLOCATION OF CONTRIBUTIONS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Certification of Contribution and Compensation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Separate Accounts</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participants Entitled to an Allocation of Employer Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>25</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Method of Allocation of Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>26</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Allocation Does Not Vest</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>28</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Valuation of Participant Accounts</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>28</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Limitations on Allocations</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>29</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>INVESTMENT IN EMPLOYER SECURITIES</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>31</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Borrowing from Disqualified Persons</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>31</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Release of Encumbered Employer Securities</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>32</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Stock Dividends, Splits, Rights, Warrants, Options, and Other
 Reorganizations</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>33</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Voting Rights</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>34</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Tender or Exchange Offers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>i</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="72%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Diversification of Investment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>35</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Restrictions on Buy-Sell Arrangements</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>36</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Put Option</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>36</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Right of First Refusal and Call Option</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>36</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Exercise of Option</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>37</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.11</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Substitute Offeree</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.12</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notice</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.13</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Transfer Restriction</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.14</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Rights Nonterminable</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.15</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Independent Appraisal</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.16</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer Securities of S Corporation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>38</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6.17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effect of Code and Regulations Nonterminable</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>VESTING</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>7.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Vesting of Participant Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>7.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Vesting of Employer Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>40</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>7.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Determination of Years of Service</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>42</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>7.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Forfeitures and Restoration of Nonvested Amounts</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>43</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>PAYMENTS OF BENEFITS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>44</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notice</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>44</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Amount of Benefits and Valuation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>45</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Modes of Payment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>45</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Medium of Payment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>46</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Time for Payment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>47</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Undistributed Accounts</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>48</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>S Corporation Distributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>48</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>C Corporation Dividends</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>49</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Unclaimed Accounts</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>50</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8.10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Facility of Payment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>MINIMUM DISTRIBUTION REQUIREMENTS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective Date</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Precedence</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Requirements of Treasury Regulations Incorporated</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Time and Manner of Distribution</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>51</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Forms of Distribution</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>52</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Required Minimum Distributions During Participant&#146;s Lifetime</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>52</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Required Minimum Distributions After Participant&#146;s Death</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>53</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Definitions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>54</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>9.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Election to Allow Participants or Beneficiaries to Elect 5-Year Rule</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>TOP HEAVY PROVISIONS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>10.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Preemption</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>10.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Minimum Contribution</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>55</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>ii</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="72%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>10.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Minimum Vesting</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>56</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 11</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>CLAIMS PROCEDURE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>57</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>11.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Claims for Benefits</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>57</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>11.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Denial of Benefits</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>57</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>11.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Review Procedure</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>58</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>11.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Decision on Review</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>59</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 12</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>ADMINISTRATIVE COMMITTEE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>60</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Appointment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>60</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Resignation and Termination</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>60</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Chairman and Agents</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>60</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Meetings</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>61</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Records</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>61</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Powers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>61</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Compensation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>62</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Indemnity</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>62</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Powers Denied</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>62</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Action When There is a Vacancy</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>63</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.11</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Settlement of Claims</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>63</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.12</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Discretionary Powers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>63</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.13</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employment of Professionals and Assistants</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>63</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12.14</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Bond</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>63</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 13</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>TRUSTEE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>64</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Duty and Liability of Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>64</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>General Scope of Powers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>64</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Investment Powers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>67</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Appointment of Investment Manager</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>68</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>More Than One Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>68</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Individual Trustees</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>69</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Account</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>69</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Person Dealing with Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>69</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.9</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Prohibited Transactions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>69</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.10</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Indemnity</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>70</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.11</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Resignation and Appointment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>70</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.12</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Removal of Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>70</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>13.13</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Continuation of the Trust</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>70</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 14</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>CLAIMS AGAINST THE TRUST FUND</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>71</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Anti-Alienation of Benefits</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>71</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Charge for Litigation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>71</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Qualified Domestic Relations Orders</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>71</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Independent Fund</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>73</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Payments Delayed Due To Disputes</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>73</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>iii</FONT></P>



<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="72%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 15</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>MILITARY SERVICE AND LEAVE OF ABSENCE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>73</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>15.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Compulsory Military Service</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>73</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>15.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Voluntary Military Service</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>74</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>15.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participation During Leave of Absence</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>74</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 16</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>PARTICIPATING EMPLOYERS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>75</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Adoption of Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>75</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Requirements of Participating Employers</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>75</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Allocation of Contributions</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>75</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Accounting for Employees</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>75</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Separate Records</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>76</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Amendment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>76</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>16.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Discontinuance of Participation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>76</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>RIGHTS OF EMPLOYER TO AMEND, DISCONTINUE OR TERMINATE</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>77</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>17.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Amendment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>77</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>17.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Termination of Plan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>77</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>17.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Trust Term</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>77</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>17.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Termination of Trust</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>78</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 18</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>SUCCESSOR EMPLOYER AND MERGER OR CONSOLIDATION OF PLANS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>78</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>18.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Successor Employer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>78</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>18.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Merger and Consolidation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>78</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2>ARTICLE 19</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>MISCELLANEOUS</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Inspection of Books</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Right to Terminate Employment</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.3</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Liability of Employer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.4</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Defense Under Tax Laws</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.5</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Governing Law</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>79</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.6</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Binding Effect</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>80</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.7</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Qualification Under Tax Laws</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>80</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>19.8</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Earlier Effective Date to Maintain Tax Qualification</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2>80</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>iv</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement, restating the Communications Systems, Inc. Employee Stock Ownership
Plan and Trust (&#147;Plan&#148;), is adopted by Communications Systems, Inc., a
Minnesota corporation, (the &#147;Employer&#148;) and Curtis A. Sampson, Jeffrey K. Berg
and Paul N. Hanson (collectively, the &#147;Trustee&#148;) and is effective as of January
1, 2009.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U>W I T N E S S E T H</U>:</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Employer established a stock bonus and employee stock ownership plan for
the benefit of its Employees effective January 1, 1985 which satisfies the
requirements of a stock bonus and employee stock ownership plan under Sections
401(a) and 4975(e)(7) of the Internal Revenue Code; and</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Plan has been amended and restated from time to time and has continued in
force at all times since its effective date; and</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Employer desires to restate the Plan to comply with changes in federal law;
and</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Curtis A. Sampson, Jeffrey K. Berg and Paul N. Hanson have agreed to continue
to serve as Trustees of the Trust established hereunder;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, the Communications Systems, Inc. Employee Stock Ownership Plan and
Trust is amended and restated in its entirety effective as of January 1, 2009
to read as follows:</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 1</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>NAME AND PURPOSE</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Name</U>.</B>
The name of the employee stock ownership plan set forth in this instrument is
the Communications Systems, Inc. Employee Stock Ownership Plan, and the name of
the employee stock ownership trust which is part of that Plan and the terms of
which are set forth in this instrument is the Communications Systems, Inc.
Employee Stock Ownership Trust.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purpose</U>.</B> The purpose of the Plan is to provide the
eligible Employees of the Employer with an ownership interest in the common
stock of the Employer in order to increase their loyalty to the Employer and
their interest in the Employer&#146;s business. The Plan is designed to invest
primarily in Employer Securities and is designated as an employee stock ownership
plan under Section 4975(e)(7) of the Code. The purpose of the Trust is to
facilitate the administration of the Plan for the exclusive benefit of
Participants and their Beneficiaries.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 2</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>DEFINITIONS AND INTERPRETATIONS</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>2.1</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B><U>General Definitions</U>.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (1)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Administrative Committee&#148; </B>or <B>&#147;Committee&#148;</B> shall mean the Committee
 described herein. In the absence of an appointment of individuals to serve on
 the Committee, the Employer shall serve as the Committee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (2)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Affiliate&#148;</B> shall mean a trade or business
 which is under common control with the Employer under the provisions of
 Section 414 of the Code, including controlled groups of corporations under
 Section 414(b) of the Code and partnerships and proprietorships pursuant to
 Section 414(c) of the Code, an affiliated service group as defined in Section
 414(m) of the Code and any other entity required to be aggregated with the
 Employer pursuant to regulations under Section 414(o) of the Code; provided,
 however, that such trade or business shall be deemed an Affiliate for all
 purposes hereunder, unless specifically provided otherwise, only from the
 date it came under the common control of the Employer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (3)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Alternate Payee&#148; </B>shall mean a:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>spouse;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>former
 spouse;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>child; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>other
 dependent</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>of a
 Participant who is recognized by a Qualified Domestic Relations Order as
 having a right to receive all, or a portion of, a Participant&#146;s Beneficial
 Interest under the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>An Alternate
 Payee is treated as a Beneficiary for all purposes under the Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>2</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (4)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Anniversary Date&#148;</B> shall mean the last day
 of any Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (5)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Beneficial Interest&#148;</B> shall mean the amount
 of a Participant&#146;s account in the Trust that is distributable to the
 Participant or the Participant&#146;s Beneficiary in accordance with the terms of
 the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (6)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Beneficiary&#148;</B> shall mean any person entitled
 to receive benefits which may be payable upon or after a Participant&#146;s death.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (7)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Board of Directors&#148;</B> shall mean the elected
 Board of Directors of Communications Systems, Inc.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (8)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Break in Service&#148;</B> shall mean a Plan Year
 during which the Employee did not complete more than 500 Hours of Service
 with the Employer. However, a Participant shall be credited with up to 501
 Hours of Service during the Plan Year in which the Participant begins a
 Parental Leave, if such crediting is necessary to prevent a Break in Service
 in such Plan Year; otherwise, such Hours of Service shall be credited in the
 following Plan Year. A Participant shall also be credited with Hours of
 Service for any periods of unpaid leave during the Plan Year subject to the
 Family and Medical Leave Act of 1993, if such crediting is necessary to
 prevent a Break in Service in such Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (9)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Code&#148;</B> shall mean the Internal Revenue Code
 of 1986, and amendments thereto.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (10)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Compensation&#148;</B>
 shall mean, except as provided below, the regular or base salary or wages,
 overtime, commissions and bonuses received by a Participant from the Employer
 during the Plan Year, including the value of any noncash property includable
 in base salary or wages. Compensation shall also include any amount which is
 contributed by the Employer pursuant to a salary reduction agreement and
 which is not includible in the gross income of the Employee under Sections
 125, 132(f)(4), 402(g)(3), 402(h)(1)(B) or 403(b) of the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Compensation
 shall not include reimbursements or other expense allowances, fringe benefits
 (cash and noncash), moving expenses, deferred compensation, welfare benefits,
 contributions by the Employer to this Plan or to any pension, profit sharing
 or annuity plan intended to qualify under Section 401 of the Code, as
 amended, amounts realized from the exercise, sale or exchange of stock
 options, or amounts paid to an Employee for services rendered while the
 Employee is not a Participant as herein defined. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For Plan
 Years beginning on or after July 1, 2007, payments made within 2&frac12; months
 after severance from employment (within the meaning of Section
 401(k)(2)(B)(i)(I) of the Code) or the end of the Plan Year that includes the
 date of severance from employment will be Compensation if such payments are
 included when determining the Participant&#146;s Net Compensation for the concurrent
 Limitation Year. However, payments made after 2&frac12; months after severance from
 employment shall not be excluded from Compensation if such payments are made
 to an individual who does not currently perform services for the Employer
 because of qualified military service (within the meaning of Section
 414(u)(1) of the Code) or who is permanently and totally disabled (as defined
 in Section 22(e)(3) of the Code). </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For Plan
 Years beginning on or after July 1, 2007, Compensation may include amounts
 earned but not paid during the Plan Year solely because of the timing of pay
 periods and pay dates, provided the amounts are paid during the first few
 weeks of the next Plan Year, the amounts are included on a uniform and
 consistent basis with respect to all similarly situated Employees, and no
 Compensation is included in more than one Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the foregoing, the annual Compensation of each Participant taken into account
 in determining allocations shall not exceed $200,000, as adjusted for
 cost-of-living increases in accordance with Section 401(a)(17)(B) of the
 Code. Annual Compensation means Compensation during the Plan Year or such
 other consecutive12-month period over which Compensation is otherwise
 determined under the Plan (the determination period). The cost-of-living
 adjustment in effect for a calendar year applies to annual Compensation for
 the determination period that begins with or within such calendar year. If
 any Plan Year consists of a period of less than 12 months, the maximum
 Compensation limit, as adjusted, shall be prorated based on the number of
 months in such short Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Net
 Compensation (as defined in the second paragraph of Section 2.1(25)) shall be
 substituted for the foregoing definition in any Plan Year in which the
 average percentage of Net Compensation included under the foregoing
 definition for the Highly Compensated Participants as a group exceeds by more
 than a de minimis amount the average percentage of Net Compensation included
 for the Employer&#146;s other Employees as a group.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (11)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Direct Rollover&#148;</B> shall mean a payment by
 the Plan to the Eligible Retirement Plan specified by the Distributee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (12)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Disability&#148;</B> shall mean a physical or mental
 condition of a Participant resulting from a bodily injury or disease or
 mental disorder that renders the Participant incapable of continuing
 employment with the Employer. Disability of any Participant shall be
 determined by the Employer in accordance with uniform principles consistently
 applied, upon the basis of such medical and other evidence that the Employer
 deems necessary and desirable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (13)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Distributee&#148;</B> includes a Participant, former
 Participant or Beneficiary. In addition, the Participant&#146;s or former
 Participant&#146;s surviving spouse and the Participant&#146;s or former Participant&#146;s
 spouse or former spouse who is the Alternate Payee under a Qualified Domestic
 Relations Order, as defined in Section 414(p) of the Code, are Distributees
 with regard to the interest of the spouse or former spouse.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (14)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Earliest Retirement Age&#148;</B> shall mean, for
 purposes of a Qualified Domestic Relations Order, the earlier of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date on
 which the Participant is entitled to a distribution under the Plan; or</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>4</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the later of
 the day the Participant attains age 50, or the earliest date on which the
 Participant&#146;s Beneficial Interest could commence under the Plan if the
 Participant separated from service.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Earliest
 Retirement Age shall also mean a date earlier than (i) or (ii) if such date
 is specified in the Qualified Domestic Relations Order.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (15)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Effective Date&#148;</B> of this restated Plan
 document shall mean January 1, 2009. This Plan and Trust was originally
 effective on January 1, 1985.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (16)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Eligible Retirement Plan&#148;</B> shall mean any of
 the following that accepts the Distributee&#146;s Eligible Rollover Distribution:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an
 individual retirement account described in Section 408(a) of the Code;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an
 individual retirement annuity described in Section 408(b) of the Code; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>effective
 January 1, 2008, a Roth IRA described in Section 408A(b) of the Code;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an annuity
 plan described in Section 403(a) of the Code;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a qualified
 trust described in Section 401(a) of the Code; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(vi)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an annuity
 contract described in Section 403(b) of the Code or an eligible plan under
 Section 457(b) of the Code maintained by a state, political subdivision of a
 state, or any agency or instrumentality of a state or political subdivision of
 a state and which agrees to separately account for amounts transferred into
 such plan from this Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The
 definition of Eligible Retirement Plan shall also apply in the case of a
 distribution to a surviving spouse, or to a spouse or former spouse who is
 the Alternate Payee under a Qualified Domestic Relations Order.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (17)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Eligible Rollover Distribution&#148;</B> shall mean
 any distribution of all or any portion of the balance to the credit of the
 Distributee, except that an Eligible Rollover Distribution does not include:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any
 distribution that is one of a series of substantially equal periodic payments
 (not less frequently than annually) made for the life (or life expectancy) of
 the Distributee or the joint lives (or joint life expectancies) of the
 Distributee and the Distributee&#146;s designated Beneficiary, or for a specified
 period of ten years or more;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any
 distribution to the extent such distribution is required under Section
 401(a)(9) of the Code;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>5</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the portion
 of any distribution that is not includible in gross income (determined
 without regard to the exclusion for net unrealized appreciation with respect
 to Employer Securities);</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any hardship
 distribution; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any other
 distribution(s) reasonably expected to total less than $200 during a year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For
 distributions after December 31, 2006, Eligible Rollover Distribution shall
 mean for a non-spouse Beneficiary a Direct Rollover of all or any portion of
 the Beneficiary&#146;s distribution to an &#147;inherited&#148; individual retirement
 account the Beneficiary establishes for purposes of receiving the
 distribution. In order to be able to roll over the distribution, the
 distribution otherwise must satisfy the definition of an Eligible Rollover
 Distribution. Such distribution is not subject to the direct rollover
 requirements of Section 401(a)(31) of
 the Code, the notice requirements of Section 402(f) of the Code or the
 mandatory withholding requirements of Section 3405(c) of the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (18)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Employee&#148;</B> shall mean a person performing
 services for the Employer who is classified by the Employer as an employee
 for income tax withholding and reporting purposes. The Employer&#146;s
 classification of a person for purposes of the Plan shall be conclusive. No reclassification
 of a person&#146;s status with the Employer for any reason, without regard to
 whether it is initiated by a court, governmental agency or otherwise and
 without regard to whether or not the Employer agrees to such
 reclassification, shall result in the person being considered an Employee for
 Plan purposes.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (19)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Employer&#148;</B> shall mean Communications
 Systems, Inc., a Minnesota corporation, as sponsoring employer, and
 Transition Networks, Inc. and JDL Technologies, Inc., as participating
 employers, and such additional Affiliates of the Employer or other
 corporation or entity as may participate in the Plan upon approval of such
 participation by the Board of Directors. For purposes of service counted for
 eligibility and vesting, employment with an Affiliate shall be deemed
 employment with the Employer. Communications Systems, Inc. is authorized to
 act on behalf of participating employers with respect to all Plan matters.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (20)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Employer Contributions&#148;</B> shall mean all
 contributions with respect to a Plan Year made to the Plan by the Employer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (21)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Entry Date&#148;</B> shall mean January 1 or July 1
 of each Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (22)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Highly Compensated Participant&#148;</B> shall mean,
 except as otherwise provided in Section 414(q) of the Code, a Participant who:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>was a 5%
 owner of the Employer during the Plan Year in which the determination is made
 or during the preceding Plan Year; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>received
 more than $100,000 (as adjusted from time to time by the Secretary of the
 Treasury under Section 414(q)(1) of the Code) in Net Compensation from the
 Employer during the preceding Plan Year and was one of the top 20% of
 Employees by Net Compensation during the Plan Year.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>6</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of this definition, the following rules shall apply:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(A)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The term
 Employer shall include any Affiliate of the Employer, and Net Compensation
 from any such Affiliates shall be aggregated.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(B)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In
 determining the number of the top 20% of Employees there shall be excluded
 from the group any Employee who either: has not attained age 21, has worked
 less than 6 months, normally works less than 17&frac12; hours per week, normally
 works less than 6 months per year, is a nonresident alien who does not earn
 income from sources within the United States, is covered by a collective
 bargaining agreement between the Employees&#146; representative and the Employer
 under which the retirement benefits were the subject of good faith bargaining
 between the parties, or may otherwise be excluded under the Code and the
 regulations promulgated thereunder.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(C)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of determining whether an employee is a Highly Compensated Participant, the
 term compensation shall mean compensation as defined in Section 415(c)(3) of
 the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(D)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The
 determination of who is a Highly Compensated Participant, including the
 determination of the number and identity of Employees in the top-paid group,
 will be made in accordance with the provisions of Section 414(q) of the Code
 and the regulations promulgated thereunder.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(E)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The
 determination of who is a Highly Compensated Participant, including the
 determination of the number and identity of Employees in the top-paid group,
 will be made in the same manner for all plans of the Employer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(F)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>A former
 employee shall be treated as a &#147;Highly Compensated Former Participant&#148; if
 such employee was a Highly Compensated Participant upon separation from
 service or at any time after attaining age fifty-five (55).</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (23)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Hour of Service&#148;</B> shall mean each hour for
 which the Employee is paid, or entitled to payment, for the performance of
 duties for the Employer or an Affiliate. These hours shall be credited in the
 Plan Year in which the services are performed. Hour of Service shall also
 include each hour for which the Employee is paid, or entitled to payment, by
 the Employer or an Affiliate on account of a period of time during which no
 duties are performed (irrespective of whether the employment relationship has
 terminated) due to vacation, holiday, illness, incapacity (including
 Disability), layoff, jury duty, military duty or Employer or
 Affiliate-approved leave of absence, subject to the following exceptions:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>No more than
 501 Hours of Service shall be credited to an Employee for any single
 continuous period during which the Employee performs no duties for the
 Employer or an Affiliate.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>7</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>No Hours of
 Service shall be credited to an Employee for a period during which no duties
 are performed for the Employer or an Affiliate and payment is made or due to
 the Employee under applicable workers&#146; compensation, unemployment
 compensation or disability insurance laws.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>No Hours of
 Service shall be credited to an Employee for a period during which no duties
 are performed for the Employer or an Affiliate and payments are made to the
 Employee solely as reimbursement for medical or medically-related expenses
 incurred by the Employee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The number
 of Hours of Service that an Employee shall receive for any period of time for
 which the Employee is paid or is entitled to payment by the Employer or an
 Affiliate but during which no duties are performed for the Employer or an
 Affiliate shall be computed in accordance with the rules set forth in Section
 2530.200b-2 and 3 of the Labor Regulations.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Hours of
 Service shall also include each hour for which back pay (irrespective of
 mitigation of damages) has been awarded or agreed to by the Employer or an
 Affiliate, provided that the hour has not been credited to the Employee
 previously. Each such hour shall be credited to the Employee for the Plan
 Year or other computation period to which the award or agreement pertains.
 Each Employee shall also be credited with Hours of Service for any customary
 period of work, based on a 40-hour week, or a pro rata portion thereof,
 during which the Employee is on an Employer or Affiliate-approved leave of
 absence and for which the Employee is not otherwise awarded Hours of Service.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The number
 of an Employee&#146;s Hours of Service shall be determined in accordance with this
 paragraph. Where the Employer or an Affiliate has records from which the
 number of an Employee&#146;s Hours of Service may be ascertained, the number shall
 be computed from those records, except as otherwise permitted by the next
 sentence. The number of Hours of Service for any Employee described by the
 preceding sentence may be computed in accordance with the method defined
 below so long as that method is applied to such Employee in a
 nondiscriminatory manner. Where the Employer or an Affiliate does not have
 records from which the number of an Employee&#146;s Hours of Service can be
 ascertained, the Employee shall be credited with 45 Hours of Service for each
 week during which the Employee is entitled to at least one Hour of Service.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Hours of
 Service shall also be credited for an individual considered an employee of
 the Employer or an Affiliate under Sections 414(n) and 414(o) of the Code and
 the regulations promulgated thereunder, even though such individual is not
 eligible to participate in the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (24)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Leased Employee&#148;</B> shall mean any person
 (other than an Employee of the Employer) who pursuant to an agreement between
 the Employer and any other person (&#147;leasing organization&#148;) has performed
 services for the Employer (or for the Employer and related persons as defined
 in Section 414(n)(6) of the Code) on a substantially full time basis for a
 period of at least one (1) year provided such services are performed under
 the primary direction or control of the Employer. </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>8</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (25)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Net Compensation&#148;</B> shall mean, for purposes
 of determining Highly Compensated Participants, Key Employees, minimum
 contributions in a Top Heavy Plan, and the limitation on Annual Additions,
 the wages, salaries, and fees for professional services and other amounts
 received (without regard to whether or not an amount is paid in cash) for
 personal services actually rendered in the course of employment with the
 Employer to the extent that the amounts are includable in gross income
 (including, but not limited to, commissions paid salespersons, compensation
 for services on the basis of a percentage of profits, commissions on
 insurance premiums, tips, bonuses, fringe benefits, and reimbursements or
 other expense allowances under a nonaccountable plan (as described in Reg.
 &sect;1.62-2(c)), amounts that are includible in the gross income of an Employee
 under the rules of Sections 409A or 457(f)(1)(A) of the Code or because the
 amounts are constructively received by the Employee, and excluding the
 following: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 contributions (other than elective contributions described in Sections
 402(e)(3), 408(k)(6), 408(p)(2)(A)(i) or 457(b) of the Code) to a plan of
 deferred compensation (including a simplified employee pension described in
 Section 408(k) of the Code or a simple retirement account described in
 Section 408(p) of the Code, and whether or not qualified) which are not
 includible in the Employee&#146;s gross income for the taxable year in which
 contributed, and any distributions (whether or not includible in gross income
 when distributed) from a plan of deferred compensation (whether or not
 qualified);</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>amounts
 realized from the exercise of a nonstatutory stock option (that is, an option
 other than a statutory stock option as defined in Reg. &sect;1.421-1(b)), or when
 restricted stock (or property) held by the Employee either becomes freely
 transferable or is no longer subject to a substantial risk of forfeiture;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>amounts
 realized from the sale, exchange or other disposition of stock acquired under
 a statutory stock option; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>other
 amounts which received special tax benefits, or contributions made by the
 Employer (whether or not under a salary reduction agreement) towards the
 purchase of an annuity contract described in Section 403(b) of the Code (whether
 or not the contributions are actually excludable from the gross income of the
 Employee); and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>other items
 of remuneration that are similar to any of the items listed in (i) through
 (iv) above.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Net
 Compensation for a Limitation Year is the Net Compensation actually paid or
 made available in gross income during such Limitation Year. Notwithstanding
 the preceding sentence, Net Compensation for a Participant in a defined
 contribution plan who is permanently and totally disabled (as defined in
 Section 22(e)(3) of the Code) is the Net Compensation such Participant would
 have received for the Limitation Year if the Participant had been paid at the
 rate of Net Compensation paid immediately before becoming permanently and
 totally disabled. </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>9</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Net
 Compensation includes any amount which is contributed by the Employer
 pursuant to a salary reduction agreement and which is not includible in the
 gross income of the Employee under Sections 125, 132(f)(4), 402(g)(3) or 457
 of the Code. Amounts under Section 125 include any amounts not available to a
 Participant in cash in lieu of group health coverage because the Participant
 is unable to certify that the Participant has other health coverage. An
 amount will be treated as an amount under Section 125 only if the Employer
 does not request or collect information regarding the Participant&#146;s other
 health coverage as part of the enrollment process for the health plan. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For
 Limitation Years beginning on or after July 1, 2007, payments made within 2&frac12;
 months after severance from employment (within the meaning of Section
 401(k)(2)(B)(i)(I) of the Code) or the end of the Limitation Year that
 includes the date of severance from employment will be compensation within
 the meaning of Section 415(c)(3) of the Code if they are payments that,
 absent a severance from employment, would have been paid to the Employee
 while the Employee continued in employment with the Employer and are regular
 compensation for services during the Employee&#146;s regular working hours,
 compensation for services outside the Employee&#146;s regular working hours (such
 as overtime or shift differential), commissions, bonuses, or other similar
 compensation, and payments for accrued bona fide sick, vacation or other
 leave, but only if the Employee would have been able to use the leave if
 employment had continued. Any payments not described above are not considered
 Net Compensation if paid after severance from employment, even if they are
 paid within 2&frac12; months following severance from employment, except for
 payments to an individual who does not currently perform services for the
 Employer by reason of qualified military service (within the meaning of
 Section 414(u)(1) of the Code) to the extent these payments do not exceed the
 amounts the individual would have received if the individual had continued to
 perform services for the Employer rather than entering qualified military
 service.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (26)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Non-Highly Compensated Participant&#148;</B> shall
 mean any Participant who is not a Highly Compensated Participant.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (27)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Normal Retirement Age&#148;</B> shall mean the day a
 Participant attains the age of 65.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (28)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Parental Leave&#148;</B> shall mean certain periods
 of absence from work due to:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>pregnancy of
 the Employee;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>birth of a
 child of the Employee;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>placement of
 a child in connection with adoption of the child by the Employee; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>caring for
 the child by the Employee during the period immediately following the birth
 or placement for adoption.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Employer
 may require written certification (including a physician&#146;s statement) from
 the Employee that the leave qualifies hereunder. A Parental Leave shall only
 permit a Participant to avoid a Break in Service, and shall not affect other
 provisions of this Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>10</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (29)</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Participant&#148;</B> shall mean an Employee of the
 Employer who becomes a Participant as provided in Section 3.1 hereof. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (30)</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Participant Contributions&#148;</B>
 shall mean, to the extent permitted by the Employer, contributions made to
 the Plan by Participants, and shall be classified as follows:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Rollover Contribution&#148;</B>
 shall mean a distribution from another eligible retirement plan, as specified
 below, which an Employee contributes to the Plan in accordance with Section
 4.3, and which the Plan receives either directly from the Employee or, at the
 election of the Employee, by means of a direct rollover from the other
 eligible retirement plan. Rollover Contributions shall include distributions
 from:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a qualified
 plan described in Sections 401(a) or 403(a) of the Code, excluding after-tax
 employee contributions;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an annuity
 contract described in Section 403(b) of the Code, excluding after-tax
 employee contributions;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(3)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an eligible
 plan under Section 457(b) of the Code which is maintained by a state,
 political subdivision of a state, or any agency or instrumentality of a state
 or political subdivision of a state;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(4)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the portion
 of a distribution from an individual retirement account or annuity described
 in Sections 408(a) or (b) of the Code that is eligible to be rolled over and
 would otherwise be includible in gross income.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Trustee to Trustee Transfer&#148;</B>
 shall mean a transfer directly from the trustee of another qualified retirement
 plan to this Plan, which is either initiated by the trustee or, to the extent
 permitted by law, initiated by the Employee other than as a direct rollover
 described in Section 8.3.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (31)</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Plan&#148;</B> shall mean the Communications
 Systems, Inc. Employee Stock Ownership Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (32)</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Plan Year&#148;</B> shall mean the 12 month period
 ending on December 31 of each year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (33)</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Qualification Procedures&#148;</B> shall mean
 written procedures adopted by the Employer to:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>determine
 whether domestic relations orders meet the requirements for Qualified
 Domestic Relations Orders; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>to
 administer distributions under such orders.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>The Employer
 shall implement the procedures within a reasonable time after receipt of a
 domestic relations order. Qualification Procedures must permit an Alternate
 Payee to designate a representative for receipt of copies of notices sent to
 the Alternate Payee with respect to a Qualified Domestic Relations Order.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>11</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (34)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Qualified Domestic Relations Order&#148;</B> shall
 mean a judgment, decree or order, including approval of a property settlement
 agreement, that relates to provision of child support, alimony payments, or
 marital property rights to an Alternate Payee, is made pursuant to state
 domestic relations law (including a state community property law) and creates
 an Alternate Payee&#146;s right to all or a portion of the benefits payable to a
 Participant under the Plan. A Qualified Domestic Relations Order must satisfy
 all of the requirements of Section 414(p) of the Code and must specify:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the name and
 last known mailing address of each Alternate Payee;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the amount
 or percentage of the Participant&#146;s benefits to be paid to the Alternate Payee
 or the manner in which the amount is to be determined;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the number
 of payments or period for which payments are required; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>each plan to
 which the order relates.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>An order
 does not qualify under this definition if it requires the Employer to provide
 a benefit or option not available under the Plan, requires the Plan to
 provide increased benefits or requires payment of benefits to an Alternate
 Payee that are required to be paid to another Alternate Payee under a
 previously existing Qualified Domestic Relations Order.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (35)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Required Beginning Date&#148;</B> shall mean the
 April 1 of the calendar year following the later of the calendar year in
 which the Participant attains age 70&frac12; or retires, except as provided below.
 Notwithstanding the above, the Participant shall still have the option of
 having the Required Beginning Date be the April 1 of the calendar year
 following the calendar year in which the Participant attains age 70&frac12;.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant is a 5% owner, the Required Beginning Date shall be April 1 of
 the calendar year following the year in which the Participant attains age
 70&frac12;, regardless of whether the Participant has retired. For purposes of this
 Section, a Participant is a 5% owner if such Participant is a 5% owner as
 defined in Section 416(i) of the Code (determined in accordance with Section
 416 but without regard to whether the Plan is Top Heavy) at any time during
 the Plan Year ending with or within the calendar year in which such owner
 attains age 66&frac12; or any subsequent Plan Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (36)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Termination of Employment&#148;</B> of a Participant
 or Employee shall mean complete severance from employment with the Employer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (37)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Trust&#148;</B> shall mean the Communications
 Systems, Inc. Employee Stock Ownership Trust.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (38)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Trust Fund&#148;</B> or <B>&#147;Fund&#148;</B> shall mean the total of contributions made hereunder,
 or the investments purchased, increased by profits, income, refunds and
 recoveries received, and decreased by investment losses and expenses incurred
 in the administration of the Trust and by benefits released or paid.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (39)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Trustee&#148;</B> shall mean the undersigned Trustee
 or Trustees or any duly appointed successor Trustee.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>12</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (40)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Valuation Date&#148;</B> shall mean the Anniversary
 Date and any other date as of which the valuation of the Trust Fund is deemed
 necessary by the Trustee in a nondiscriminatory manner.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (41)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Year of Service&#148;</B> shall mean a Plan Year
 during which an Employee completes 1,000 or more Hours of Service with the
 Employer or an Affiliate.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>2.2</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B><U>Qualifying Employer Securities Definitions</U>.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (1)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Deemed-Owned Shares&#148;</B> shall mean, with
 respect to any person:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the stock in
 an S corporation constituting Employer Securities which is allocated to such
 person under the Plan, and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>such
 person&#146;s share of the stock in such corporation which is held by the Plan but
 which is not allocated under the Plan to Participants. For this purpose, a
 person&#146;s share of unallocated S corporation stock held by the Plan is the
 amount of the unallocated stock that would be allocated to such person if the
 unallocated stock were allocated to all Participants in the same proportions
 as the most recent stock allocation under the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (2)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Disqualified Person&#148;</B> shall mean, except for
 purposes of Section 6.16, a person described in Section 4975(e)(2) of the
 Code. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of Section 6.16, Disqualified Person means any person if:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 aggregate number of Deemed-Owned Shares of such person and the members of
 such person&#146;s family is at least 20 percent of the number of Deemed-Owned
 Shares of stock in the S corporation, or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>in the case
 of a person not described in (i) above, the number of Deemed-Owned shares of
 such person is at least 10 percent of the number of Deemed-Owned shares of
 stock in such corporation.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>In the case
 of a Disqualified Person described in (i) above, any member of such person&#146;s
 family with Deemed-Owned Shares shall be treated as a Disqualified Person.
 For this purpose &#147;member of the family&#148; means, with respect to any individual,
 (1) the spouse of the individual, (2) an ancestor or lineal descendant of the
 individual or the individual&#146;s spouse, (3) a brother or sister of the
 individual or the individual&#146;s spouse and any lineal descendant of the
 brother or sister, and (4) the spouse of any individual described in (2) or
 (3). A spouse of an individual who is legally separated from such individual
 under a decree of divorce or separate maintenance shall not be treated as
 such individual&#146;s spouse.</FONT></P>
 </TD>
 </TR>


</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>13</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (3)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Employer Securities&#148;</B> shall mean common
 stock issued by the Employer, or an Affiliate, which is readily tradable on
 an established securities market. If there is no common stock that meets the
 preceding requirement, the term Employer Securities shall mean common stock
 issued by the Employer, or an Affiliate, having a combination of voting power
 and dividend rights equal to or in excess of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that class
 of common stock of the Employer, or Affiliate, having the greatest voting
 power; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that class
 of common stock of the Employer, or Affiliate, having the greatest dividend
 rights.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Provided the
 Employer is not an S corporation, the term Employer Securities shall also
 mean noncallable preferred stock issued by the Employer if such stock is
 convertible at any time into stock which meets the requirements of the
 preceding sentences and if the conversion price is reasonable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of transactions that do not involve an Exempt Loan, the term Employer
 Securities shall mean either stock or a marketable obligation of the Employer
 or an Affiliate, as defined in Section 407(d)(5) of the Employee Retirement
 Income Security Act of 1974.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (4)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Exempt Loan&#148; </B>or <B>&#147;Loan&#148;</B> shall mean a loan made to the Plan by a Disqualified
 Person or which a Disqualified Person guarantees and which satisfies the
 requirements of Section 4975(d)(3) of the Code and Section 54.4975-7(b) of
 the Treasury Regulations, as amended from time to time.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (5)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Independent Appraiser&#148;</B> shall mean an
 independent appraiser as defined in Section 401(a)(28) of the Code. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (6)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Impermissible Accrual&#148; </B>shall occur to the extent (and only to the
 extent) that Employer Securities consisting of stock in an S corporation
 owned by the Plan and any assets attributable thereto are held under the Plan
 for the benefit of a Disqualified Person during a Nonallocation Year. For
 this purpose, assets attributable to S corporation securities include any
 distributions, within the meaning of Section 1368 of the Code, made on S
 corporation stock held in a Disqualified Person&#146;s Plan account (including
 earnings thereon), plus any proceeds from the sale of S corporation
 securities held for a Disqualified Person&#146;s Plan account (including any
 earnings thereon).</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (7)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Impermissible Allocation&#148; </B>shall mean any allocation for a
 Disqualified Person directly or indirectly under any qualified plan of the
 Employer that occurs during a Nonallocation Year to the extent that a
 contribution or other annual addition is made, or the Disqualified Person
 otherwise accrues additional benefits, under this Plan or any other qualified
 plan of the Employer (including a release and allocation of assets from a
 suspense account, as described at Section 54.4975-11(c) and (d) of the
 Treasury Regulations) that, for the Nonallocation Year, would otherwise have
 been added to the account of the Disqualified Person under the Plan and
 invested in Employer Securities consisting of stock in an S corporation owned
 by the Plan but for a provision in the Plan to comply with Section 409(p) of the
 Code.</FONT></P>
 </TD>
 </TR>

</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>14</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>


 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (8)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Nonallocation Period&#148; </B>shall mean the period
 beginning on the date of the sale of Employer Securities and ending on the
 later of:</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date
 which is 10 years after the date of sale; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date of
 the Plan allocation attributable to the final payment of the Exempt Loan
 taken in connection with such sale.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (9)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Nonallocation Year&#148;</B> shall mean any Plan
 Year if, at any time during such Plan Year, (1) the Plan holds Employer
 Securities consisting of stock in an S corporation, and (2) Disqualified
 Persons (as that term is defined for purposes of Section 6.16) own at least
 50 percent of the number of shares of stock in the S corporation.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (10)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Qualified Election Period&#148;</B> shall mean the
 six Plan Year period beginning with the Plan Year in which the Participant
 first becomes a Qualified Participant.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (11)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Qualified Holder&#148;</B> shall mean:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant&#146;s donee; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a person
 (including an estate or its distributee) to whom the Employer Securities pass
 by reason of the Participant&#146;s death.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (12)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Qualified Participant&#148;</B> shall mean a
 Participant who has attained the age of 55 and who has completed at least 10
 years of participation in the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (13)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Registration-Type Class of Employer Securities&#148;</B>
 shall mean a class of Employer Securities required to be registered under
 Section 12 of the Securities Exchange Act of 1934 and a class of Employer
 Securities which would be required to be so registered except for the
 exemption from registration provided in Subsection (g)(2)(H) of such Section
 12.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (14)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Synthetic Equity&#148;</B> shall mean any stock
 option, warrant, restricted stock, deferred issuance stock right, or similar
 interest or right that gives the holder the right to acquire or receive stock
 of the S corporation in the future. Except to the extent provided in
 regulations, Synthetic Equity also includes a stock appreciation right,
 phantom stock unit, or similar right to a future cash payment based on the
 value of such stock or appreciation in such value.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (15)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Total Distribution&#148;</B> shall mean a
 distribution to a Participant or a Participant&#146;s Beneficiary, within one
 taxable year of such recipient, of the entire balance to the credit of the
 Participant.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (16)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Value of Employer Securities&#148;</B> shall mean:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>in the case
 of Employer Securities listed on a national exchange, the closing price of
 such Employer Securities on the date the securities are contributed to the
 Plan; or</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>15</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>in the case
 of Employer Securities not listed on a national exchange, the fair market
 value as determined in good faith and in accordance with regulations
 prescribed by the Secretary of the Treasury, provided, however, that if the
 Plan has a nonterminable put option that requires the Employer or
 shareholders of the Employer with substantial net worth to purchase Employer
 Securities from the Plan at the discretion of the Trustee, then the Value
 shall be adjusted to reflect a controlling interest (i.e., enterprise value)
 and shall not be discounted to reflect a minority or nonmarketable
 interest. In a transaction between
 the Plan and a Disqualified Person, Value shall be determined as of the
 transaction date. In other cases,
 Value shall be determined as of the most recent Valuation Date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>2.3</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B><U>Limitation Definitions</U></B><B>.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (1)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Annual Addition&#148;</B>
 shall mean the sum of the following amounts credited to a Participant&#146;s
 accounts with this Plan and any other qualified plan maintained by the
 Employer or an Affiliate for the Plan Year:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 Contributions;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participant
 Contributions, including excess deferrals (other than excess deferrals that
 are distributed in accordance with Reg. &sect;1.402(g)-1(e)(2)), distributed or
 recharacterized excess contributions, and excess aggregate contributions, if
 any, but excluding catch-up contributions, Rollover Contributions and Trustee
 to Trustee Transfers;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any
 forfeitures that are, under the Plan, reallocated and not used to reduce
 Employer Contributions;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>amounts
 allocated to an individual medical account, as defined in Section 415(l)(2)
 of the Code, which is part of a pension or annuity plan maintained by the
 Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>amounts
 allocated to a separate account of a Key Employee under an Employer-sponsored
 welfare benefit fund, as defined in Section 419(e) of the Code, which will
 provide postretirement medical benefits;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(vi)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>mandatory
 employee contributions, as defined in Section 411(c)(2)(C) of the Code and
 Reg. &sect;1.411(c)-1(c)(4), to a defined benefit plan; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(vii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>annual
 additions under an annuity contract described in Section 403(b) of the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Annual
 Additions shall not include restorative payments, as defined in Reg.
 &sect;1.415(c)-1(b)(2)(ii)(C), allocated to a Participant&#146;s account, which include
 payments made to restore losses to the Plan resulting from actions (or a
 failure to act) by a Plan fiduciary.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>16</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (2)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Limitation Year&#148;</B>
 shall mean (for federal income tax purposes) the Plan Year. The adoption of
 this Plan by the Employer shall be its choice of this Limitation Year for
 purposes of Section 415 of the Code and the regulations issued thereunder.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>2.4</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B><U>Top Heavy Definitions</U>.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (1)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Account Balance&#148;</B>,
 for any individual, shall mean, as of the Determination Date, the sum of the
 individual&#146;s:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>account
 balance as of the most recent Valuation Date occurring within a 12-month
 period ending on the Determination Date;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>contributions
 (Employer and Participant) actually made to the Plan on or before the
 Determination Date;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 Contributions due as of the Determination Date, if the Plan is subject to the
 minimum funding requirements of Section 412 of the Code; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 aggregate distributions made with respect to such individual under the Plan
 during the 1-year period (5-year period in determining whether the Plan is
 top-heavy for Plan Years beginning before January 1, 2002) ending on the
 Determination Date;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>but less any
 contribution constituting a rollover from a plan not maintained by the
 Employer or an Affiliate.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (2)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Aggregation Group&#148;</B>
 shall mean:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>each
 qualified plan of the Employer in which at least one Key Employee
 participates or participated at any time during the Plan Year containing the
 Determination Date or any of the four preceding Plan Years (regardless of
 whether the plan has terminated); and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any other
 qualified plan of the Employer which enables a plan described in (i) to meet
 the requirements of Sections 401(a)(4) or 410 of the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (3)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Determination Date&#148;</B>
 shall mean, with respect to the first Plan Year, the last day of such Plan
 Year, and with respect to any subsequent Plan Year, the preceding Anniversary
 Date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (4)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Key Employee&#148;</B>
 shall mean, for Plan Years beginning before January 1, 2002, an active or
 former Employee of the Employer who, at any time during the Plan Year
 containing the Determination Date or the four preceding Plan Years, is:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an officer
 of the Employer with Net Compensation greater than 50% of the amount in
 effect under Section 415(b)(1)(A) of the Code for the Plan Year;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>17</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>one of the
 10 Employees with Net Compensation greater than the amount in effect under
 Section 415(c)(1)(A) of the Code and owning the largest interests in the
 Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a 5% owner
 of the Employer; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a 1% owner
 of the Employer having Net Compensation from the Employer of more than
 $150,000.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For Plan
 Years beginning after December 31, 2001, &#147;Key Employee&#148; shall mean an active
 or former Employee of the Employer who, at any time during the Plan Year
 containing the Determination Date is:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an officer
 of the Employer with Net Compensation greater than $130,000 (as adjusted
 under Section 416(i)(1) of the Code for Plan Years beginning after December
 31, 2002);</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a 5% owner
 of the Employer; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a 1% owner
 of the Employer having Net Compensation from the Employer of more than
 $150,000.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The status
 of an Employee as Key Employee shall further be determined in accordance with
 the rules set forth in Section 416(i) of the Code and the regulations issued
 thereunder. For purposes of this paragraph, ownership shall be determined in
 accordance with Section 318 of the Code. The Beneficiary of a Key Employee
 shall be treated as a Key Employee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (5)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Non-Key Employee&#148;</B>
 shall mean an Employee who is not a Key Employee, including any Employee who
 is a former Key Employee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (6)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Permissive Aggregation Group&#148;</B>
 shall mean the Aggregation Group of plans plus any other plans of the
 Employer which, when considered as a group with the Aggregation Group, would
 continue to satisfy the requirements of Sections 401(a)(4) and 410 of the
 Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (7)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Top Heavy.&#148;</B> The
 Plan or Aggregation Group is Top Heavy for the Plan Year if either of the
 following conditions exist:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The Plan is
 not part of an Aggregation Group and the Top Heavy Ratio for such Plan
 exceeds 60%.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The Plan is
 part of an Aggregation Group and the Top Heavy Ratio for such Aggregation
 Group exceeds 60%.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>In
 determining whether a Plan or Aggregation Group is Top Heavy, the Account
 Balance and present value of accrued benefits of any individual who has not
 performed services for the Employer for a 1-year period ending on the
 Determination Date (5-year period in determining whether the Plan or
 Aggregation Group is Top Heavy for Plan Years beginning before January 1, 2002)
 or who is a Non-Key Employee but who was a Key Employee with respect to a
 prior Determination Date shall be disregarded. The status of the Plan as Top
 Heavy shall further be determined in accordance with the rules set forth in
 Section 416(g) of the Code and the regulations issued thereunder.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>18</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B> (8)</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B> &#147;Top Heavy Ratio&#148;</B>
 shall mean:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Employer maintains one or more defined contribution plans (including any
 simplified employee pension plan) and the Employer has not maintained any defined
 benefit plan which during the 5-year period ending on the Determination
 Date(s) has or has had accrued benefits, the Top Heavy Ratio for this Plan
 alone or for the Aggregation Group or Permissive Aggregation Group as
 appropriate is a fraction, the numerator of which is the sum of the Account
 Balances of all Key Employees as of the Determination Date(s) (including any
 part of any Account Balance distributed in the 1-year period ending on the
 Determination Date(s) or 5-year period ending on the Determination Date in
 the case of a distribution made for a reason other than Termination of
 Employment, death or Disability and in determining whether the Plan is Top
 Heavy for Plan Years beginning before January 1, 2002), and the denominator
 of which is the sum of all Account Balances (including any part of any
 Account Balance distributed in the 1-year period ending on the Determination
 Date(s) or 5-year period ending on the Determination Date in the case of a
 distribution made for a reason other than Termination of Employment, death or
 Disability and in determining whether the plan is Top Heavy for Plan Years
 beginning before January 1, 2002), both computed in accordance with Section
 416 of the Code and the regulations thereunder. Both the numerator and
 denominator of the Top Heavy Ratio are increased to reflect any contribution
 not actually made as of the Determination Date, but which is required to be
 taken into account on that date under Section 416 of the Code and the
 regulations thereunder.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Employer maintains one or more defined contribution plans (including any
 simplified employee pension plan) and the Employer maintains or has
 maintained one or more defined benefit plans which during the 5-year period
 ending on the Determination Date(s) has or has had any accrued benefits, the
 Top Heavy Ratio for any Aggregation Group or Permissive Aggregation Group as
 appropriate is a fraction, the numerator of which is the sum of Account
 Balances under the aggregated defined contribution plan or plans for all Key
 Employees, determined in accordance with (i) above, and the present value of
 accrued benefits under the aggregated defined benefit plan or plans for all
 Key Employees as of the Determination Date(s), and the denominator of which
 is the sum of the Account Balances under the aggregated defined contribution
 plan or plans for all participants, determined in accordance with (i) above,
 and the present value of accrued benefits under the defined benefit plan or
 plans for all participants as of the Determination Date(s), all determined in
 accordance with Section 416 of the Code and the regulations thereunder. The
 accrued benefits under a defined benefit plan in both the numerator and
 denominator of the Top Heavy Ratio are increased for any distribution of an
 accrued benefit made in the 1-year period ending on the Determination Date
 (5-year period ending on the Determination Date in the case of a distribution
 made for a reason other than Termination of Employment, death or Disability
 and in determining whether the Plan is Top Heavy for Plan Years beginning
 before January 1, 2002).</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>19</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of (i) and (ii) above the value of Account Balances and the present value of
 accrued benefits will be determined as of the most recent Valuation Date that
 falls within or ends with the 12-month period ending on the Determination
 Date, except as provided in Section 416 of the Code and the regulations
 thereunder for the first and second plan years of a defined benefit plan. The
 Account Balances and accrued benefits of a participant (1) who is not a Key
 Employee but who was a Key Employee in a prior year, or (2) who has not been
 credited with at least one Hour of Service with any Employer maintaining the
 Plan at any time during the 1-year period (5-year period in determining
 whether the plan is Top Heavy for Plan Years beginning before January 1,
 2002) ending on the Determination Date will be disregarded. The calculation
 of the Top Heavy Ratio, and the extent to which distributions, rollovers, and
 transfers are taken into account will be made in accordance with Section 416
 of the Code and the regulations thereunder. Deductible employee contributions
 will not be taken into account for purposes of computing the Top Heavy Ratio.
 When aggregating plans the value of Account Balances and accrued benefits
 will be calculated with reference to the Determination Dates that fall within
 the same calendar year. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The accrued
 benefit of a participant other than a Key Employee shall be determined under
 (a) the method, if any, that uniformly applies for accrual purposes under all
 defined benefit plans maintained by the Employer, or (b) if there is no such
 method, as if such benefit accrued not more rapidly than the slowest accrual
 rate permitted under the fractional rule of Section 411(b)(1)(C) of the Code.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Interpretation</U>.</B> The words defined in
 this Article 2 shall have the meanings assigned to them except where
 specified otherwise in this Agreement. Whenever appropriate, words used
 herein in the singular shall include the plural and the plural may be read as
 the singular.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 3</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PARTICIPATION IN THE PLAN</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Eligibility</U>.</B>
Every Employee who was a Participant in the Plan immediately prior to January
1, 2009 shall continue to be a Participant in this Plan as restated effective
January 1, 2009.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>20</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Every
other Employee shall enter the Plan as a Participant as of the Entry Date next
occurring after the Employee has satisfied each of the following requirements:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Employee
 has completed 1,000 or more Hours of Service for the Employer during a period
 of 12 consecutive months, commencing on the date the Employee first performs
 an Hour of Service for the Employer. Subsequent eligibility periods shall be
 Plan Years commencing with the Plan Year which contains the first anniversary
 of the Employee&#146;s employment commencement date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Employee
 is not included in any of the following classifications:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employees
 covered by a collective bargaining agreement between the Employees&#146;
 representative and the Employer under which retirement benefits were the
 subject of good faith bargaining between the parties, unless such agreement
 provides for coverage under this Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>nonresident
 aliens who receive no earned income from sources within the United States as
 defined in the Code; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Leased
 Employees. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
Employee or Leased Employee who has satisfied the requirements of (a) above but
has not become a Participant because of inclusion in a classification of
subsection (b) above shall become a Participant when the Employee or Leased
Employee is no longer included in any of the classifications of subsection (b).
An Employee who satisfies the above requirements, but whose Termination of Employment
with the Employer occurs on or before the Entry Date, shall not become a
Participant on that date. Such an individual shall become a Participant on the
day that the individual again becomes an Employee and satisfies the
requirements of subsection (b) above.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>21</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designation
of Beneficiary</U>.</B> Upon commencement of participation
in the Plan, each Participant shall complete, sign and file with the Employer a
designation of Beneficiary on a form to be provided by the Employer. On said
form, the Participant shall designate a Beneficiary (or Beneficiaries), which
may be an individual, the Participant&#146;s estate, or a trust, to whom shall be
paid any sum which may be payable on account of the Participant&#146;s death
(reserving, however, to the Participant the power to change the designation of
Beneficiary from time to time) and where applicable, a particular form of
benefit. The spouse of a married Participant shall be the Beneficiary of the
entire vested and nonforfeitable benefit payable upon the death of the
Participant unless the Participant&#146;s spouse irrevocably consents in writing to
the designation of another Beneficiary. Such spousal consent shall identify the
specific alternate Beneficiary, and where applicable, a particular form of benefit,
acknowledge the effect of such designation, and be witnessed by a Plan
representative or a notary public. Any subsequent change by the Participant in
the designation of a Beneficiary shall require specific written consent by the
Participant&#146;s spouse unless the spouse has previously consented in writing to
voluntarily waive the right to consent to subsequent Beneficiary changes, and
such consent acknowledges the spouse&#146;s right to otherwise limit consent to a
specific Beneficiary. However, the designation of a Beneficiary other than the
Participant&#146;s spouse shall be effective if the Employer determines that the
foregoing consent may not be obtained because there is no spouse, because the
spouse cannot be located, or because of other circumstances described in
regulations issued by the Secretary of the Treasury.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant shall fail to validly designate a Beneficiary, or if no
designated Beneficiary survives the Participant, the following designated
persons shall be the Beneficiaries in the order named:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant&#146;s spouse, if living;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant&#146;s lawful descendants per stirpes, including any lawfully adopted
 descendants;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the estate
 of the Participant.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>In no event
shall the Employer be named as or become a Beneficiary.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Participation</U>.</B> Participation in the Plan shall
terminate on the later of a Participant&#146;s Termination of Employment, or the
date following the expiration of a period of layoff or leave of absence approved
by the Employer, if the Employee does not then return to employment with the
Employer.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Recommencement
of Participation</U>.</B> An Employee whose status as a
Participant is terminated shall again become a Participant on the day that the
Employee again performs an Hour of Service for the Employer and satisfies the
requirements of Section 3.1(b), and the Employee shall be eligible to share in
Employer Contributions in accordance with this Plan immediately upon
reemployment. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>22</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Election
Not to Participate</U>.</B> An Employee who may be
eligible to become a Participant may elect not to become a Participant. Also, any Participant may elect not to be
entitled to share in further Employer contributions to the Plan and in forfeitures
occurring under the Plan. An election
described in this Section shall be made in writing and delivered to the
Employer. The election shall be
effective as of the first day of the Plan Year in progress during which the
written notice is filed unless the written notice specifies the first day of a
subsequent Plan Year. The election
shall also be effective for each and every subsequent Plan Year. However, an Employee or Participant who has
made an election under this Section may terminate the election by filing a
written statement to that effect with the Employer. Said written statements shall be effective as of the first day of
the Plan Year in progress on the day when the written statement was filed or as
of the first day of any subsequent Plan Year designated in the written
statement. The filing of a written
statement terminating an election under this Section 3.5 shall not entitle the
Employee or Participant to any share of Employer contributions and forfeitures
for Plan Years ending before the effective date of the termination of the
election under this section.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 4</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>CONTRIBUTIONS</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employer
Contributions</U>.</B> The Employer may, but is not
required to, contribute to the Plan for each of its taxable years ending during
the existence of the Plan. An Employer Contribution shall be attributed to the
Plan Year ending on the same day as the taxable year for which the contribution
is made, or if the Plan Year does not end on the same day as the Employer&#146;s
taxable year, the contribution shall be attributable to the Plan Year within
which the taxable year ends.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
Employer Contribution may be made to this Plan without regard to the
accumulated or current net profits of the Employer and to that extent, this
Plan shall be a discretionary contribution plan.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participant
Contributions</U></B><B>.</B> Except as permitted in Section 4.3,
Participants shall not be required or permitted to make contributions to the
Plan from their Compensation or otherwise. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>23</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rollover
Contributions and Trustee to Trustee Transfers</U>.</B>
Where an Employee has received, or will receive, a distribution from another
eligible retirement plan which is exempt from taxation under the Code, the Employer
may instruct the Trustee to accept the amount of said distribution:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>as a
 Rollover Contribution to the Plan; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>as a Trustee
 to Trustee Transfer from the other qualified retirement plan.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employer shall not direct the Trustee to accept a Rollover Contribution unless
the Employer has reason to believe that, if the Trustee accepts the Rollover
Contribution, the Employee will avoid taxation under the Code on the
contribution and the Plan will not be required to make available to the
Employee any optional form of benefit not currently available to the Employee
under the Plan. A Rollover Contribution or Trustee to Trustee Transfer may be
accepted from an Employee or another qualified retirement plan before the
Employee becomes a Participant. No Trustee to Trustee Transfer shall be
accepted from a qualified retirement plan requiring an annuity form of
distribution.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rollover
Contributions, Trustee to Trustee Transfers and earnings and losses thereon may
be segregated into a separate account for accounting purposes. Unless otherwise
instructed in writing by the Employee, Rollover Contributions and Trustee to
Trustee Transfers may also be segregated for investment purposes. Rollover
Contributions or Trustee to Trustee Transfers shall be subject to the same
requirements of this Plan as are applicable to Employer Contributions to the
Plan on behalf of the Participant. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfer
to Trustee</U>.</B> Employer Contributions for any Plan
Year shall be paid to the Trustee within the time prescribed by law, including
extensions of time, if any, for the filing of the Employer&#146;s federal income tax
return for the taxable year. All Employer Contributions shall be subject to the
following rules:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 Contributions made by a mistake of fact shall be returned to the Employer
 within one year after the contribution is paid, provided that the Employer
 discovers the mistake of fact and demands repayment within said year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 Contributions to the Plan are conditioned upon initial qualification of the
 Plan under Section 401 of the Code provided, however, that the application
 for qualification is submitted within the time prescribed for filing the
 Employer&#146;s tax return, or such later date as the Secretary may prescribe and,
 if the Plan does not qualify, contributions made while the Plan did not so
 qualify shall be returned to the Employer within one year after the date of
 denial of initial qualification of the Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>24</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Employer
 Contributions to the Plan are conditioned upon their current deductibility
 under Section 404 of the Code (unless otherwise specified by the Employer)
 and, to the extent that any contribution is not so deductible, it shall be
 returned to the Employer within one year after denial of the deduction.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reversion
to Employer</U>.</B> Subject to the provisions in Sections
4.4 and 5.7, principal or income of this Trust shall not be paid or revert to
the Employer or be used for any purpose whatsoever other than the exclusive
benefit of the Participants or their Beneficiaries.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 5</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ALLOCATION OF CONTRIBUTIONS</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certification
of Contribution and Compensation</U>.</B> The Employer
shall advise the Trustee of the amount of Employer Contributions, if any, to
the Trust for each Plan Year.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Separate
Accounts</U>.</B> The Employer shall create and maintain a
separate account for each Participant and shall credit thereto the amount of
Participant Contributions and Employer Contributions made to the Plan on behalf
of the Participant, as applicable, as well as income and losses thereon. Within each Participant Contribution
account, separate records shall be maintained, as required, for Rollover
Contributions, Trustee to Trustee Transfers, if any, and income thereon. The Employer Contribution account shall be
separated into two accountings, one for Employer Securities and one for all
other investments. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by Revenue Procedure 87-22 and any successor thereto, the
Trustee shall establish a separate account on behalf of any Participant who is
a shareholder of the Employer, and such account shall at no time contain
Employer Securities.</FONT></P>

<P ALIGN=CENTER><FONT SIZE="2">25 </FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participants
Entitled to an Allocation of Employer Contributions</U>.</B>
The Employer Contribution to the Plan for the Plan Year, if any, shall be
allocated in accordance with Section 5.4 to the accounts of those Participants
to or for whom the Employer paid Compensation during the Plan Year and who
satisfy one of the following conditions: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participants
 employed by the Employer on the Anniversary Date who completed 1,000 or more
 Hours of Service for the Employer during the Plan Year (except as provided in
 Section 10.2);</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participants
 on an authorized leave of absence on the Anniversary Date; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participants
 who died, retired on or after Normal Retirement Age or came under a
 Disability during the Plan Year and while in the employment of the Employer.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, a Participant who is included in one or more of the
classifications of Section 3.1(b) on the Anniversary Date shall not receive an
allocation of the Employer Contribution to the Plan for the Plan Year.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent necessary to satisfy Section 410 of the Code and regulations
promulgated thereunder, the Employer shall make an additional allocation in
accordance with Section 5.4 as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>first, to
 those Participants employed by the Employer on the Anniversary Date who
 failed to complete 1,000 Hours of Service during the Plan Year, beginning
 with the Participant with the greatest number of Hours of Service during such
 Plan Year;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>next, to
 those Participants who had a Termination of Employment during the Plan Year
 other than for death, Disability, or retirement, beginning with the
 Participant with the fewest number of Hours of Service during such Plan Year.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>If two or more
Participants satisfy the criteria under either (1) or (2) above with the same
number of Hours of Service, then all such Participants with the same number of
Hours of Service shall receive an allocation.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing corrective allocations shall not result in a reduced benefit accrual
to any Participant and shall be effective for all purposes of the Plan and adopted
and implemented on or before the 15th day of the tenth month after the close of
the Plan Year in order to be taken into account for the preceding Plan Year.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Method
of Allocation of Contributions</U>.</B> The Employer
Contribution shall be allocated to the account of each Participant eligible
under the preceding Section, in the proportion equal to the ratio that the
Compensation of that Participant during the Plan Year bears to the aggregate
Compensation of all eligible Participants during the Plan Year. Compensation
earned by an individual before becoming a Participant shall not be considered.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>26</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, no portion of the assets of the Plan attributable to (or
allocable in lieu of) Employer Securities acquired by the Plan in a sale to
which Sections 1042 or 2057 of the Code applies may accrue (or be allocated)
directly or indirectly under any plan of the Employer meeting the requirements
of Section 401(a) of the Code:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>during the
 Nonallocation Period, for the benefit of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a
 Participant who makes an election under Section 1042(a) of the Code with
 respect to Employer Securities or any decedent if the executor of the estate
 of such decedent makes a qualified sale to which Section 2057 of the Code
 applies;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any
 individual who is related to the Participant or the decedent (within the
 meaning of Section 267(b) of the Code); or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>the benefit
 of any other person who owns (after application of Section 318(a) of the
 Code) more than 25% of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any class of
 outstanding stock of the Employer which issued such Employer Securities or of
 any corporation which is a member of the same controlled group of
 corporations as the Employer; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the total
 value of any class of outstanding stock of the Employer.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
limitation of paragraph (a)(ii) above shall not apply to any individual if such
individual is a lineal descendant of the Participant, and the aggregate amount
allocated to the benefit of all such lineal descendants during the
nonallocation period does not exceed more than 5% of the Employer Securities
(or amounts allocated in lieu thereof) held by the Plan which are attributable
to the sale to the Plan by any person related to such descendants in a transaction
to which Section 1042 of the Code applied.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
person shall be treated as failing to meet the stock ownership limitation under
paragraph (b) above if such person fails such limitation at any time during the
one-year period ending on the date of sale of Employer Securities to the Plan,
or on the date as of which Employer Securities are allocated to Participants in
the Plan.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>27</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,
after the Employer Contribution for a Plan Year has been made and allocated, it
should appear that, through a mistake of fact, a Participant or Employee
received an incorrect allocation, the amount of the mistaken contribution must
be returned to the Employer within one year of the contribution.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Allocation
Does Not Vest</U>.</B> The fact that an allocation has
been made as hereinbefore provided will not of itself operate to vest in a
Participant any right, title or interest in the Trust. Vesting will be
accomplished only at the times and on the contingencies hereinafter set forth.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Valuation
of Participant Accounts</U>.</B> As of each Valuation
Date, but no less frequently than each Anniversary Date, the Employer shall
take the following steps to determine the value of each Participant&#146;s account:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>charge the
 account of each Participant who has received a distribution since the last
 Valuation Date with any such distribution;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>obtain from
 the Trustee the fair market value of the assets of the Trust Fund as of the
 Valuation Date;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>allocate the
 earnings and losses obtained in (b) above to each Participant&#146;s account in
 either the ratio that such account balance bears to all account balances or,
 if a share or unit accounting method is used, actual earnings and losses
 attributable to such shares or units held in each Participant&#146;s account; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>allocate the
 Employer Contribution actually made to the Trust since the last Valuation
 Date to the Participant accounts in the manner provided in this Article and
 add any Participant Contributions made by a Participant since the last
 Valuation Date to the Participant Contribution account.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>If an accrual
or balance-forward method of Participant accounting is used, the Employer may,
on a uniform and consistent basis, allocate to the accounts of Participants all
or a portion of Participant and Employer Contributions made to the Trust as of
the last Valuation Date and add such amount to the amount obtained under (a)
above and add the remaining balance of such contributions (if any) to
Participant accounts under step (d) above to provide for an apportionment of
earnings and losses on such contributions during such period.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, the performance of any or all of the preceding functions may be
delegated to the Trustee or other delegate if the Employer and such delegate
agree. </FONT></P>

<P ALIGN=CENTER><FONT SIZE="2">28 </FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitations on Allocations</U>.</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>

 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant does not participate in, and has never participated in another
 qualified plan maintained by the Employer or a welfare benefit fund, as
 defined in Section 419(e) of the Code, maintained by the Employer, or an
 individual medical account, as defined in Section 415(l)(2) of the Code,
 maintained by the Employer, or a simplified employee pension, as defined in
 Section 408(k) of the Code, maintained by the Employer, which provides an
 Annual Addition, the amount of Annual Additions which may be credited to the
 Participant&#146;s account for any Limitation Year will not exceed the lesser of
 the maximum permissible amount or any other limitation contained in this Plan.
 If the Employer Contribution that would otherwise be contributed or allocated
 to the Participant&#146;s Account would cause the Annual Additions for the
 Limitation Year to exceed the maximum permissible amount, the amount
 contributed or allocated will be reduced so that the Annual Additions for the
 Limitation Year will equal the maximum permissible amount.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Prior to
 determining the Participant&#146;s Net Compensation for the Limitation Year, the
 Employer may determine the maximum permissible amount for a Participant on
 the basis of a reasonable estimation of the Participant&#146;s Compensation for
 the Limitation Year, uniformly determined for all Participants similarly
 situated.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>As soon as
 is administratively feasible after the end of the Limitation Year, the
 maximum permissible amount for the Limitation Year will be determined on the
 basis of the Participant&#146;s Net Compensation for the Limitation Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD  VALIGN=TOP>
 <P><FONT SIZE=2>Any excess
 Annual Additions allocated to a Participant should be corrected through the
 Employee Plans Compliance Resolution System or such other correction method
 allowed by statute, regulations or regulatory authorities.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>This
 paragraph (e) applies if, in addition to this Plan, the Participant is
 covered under another qualified defined contribution plan maintained by the
 Employer, a welfare benefit fund maintained by the Employer, an individual
 medical account maintained by the Employer, a Code Section 403(b) annuity
 contract treated as maintained by the Employer pursuant to Reg. &sect;1.415-8(d)(2),
 or a simplified employee pension maintained by the Employer, that provides an
 Annual Addition during any Limitation Year. The Annual Additions which may be
 credited to a Participant&#146;s account under this Plan for any such Limitation
 Year will not exceed the maximum permissible amount reduced by the Annual
 Additions credited to a Participant&#146;s account under the other qualified
 defined contribution plans, welfare benefit funds, individual medical
 accounts, and simplified employee pensions for the same Limitation Year. If
 the Annual Additions with respect to the Participant under other qualified
 defined contribution plans, welfare benefit funds, individual medical
 accounts, and simplified employee pensions maintained by the Employer are
 less than the maximum permissible amount and the Employer Contribution that
 would otherwise be contributed or allocated to the Participant&#146;s account
 under this Plan would cause the Annual Additions for the Limitation Year to
 exceed this limitation, the amount contributed or allocated will be reduced
 so that the Annual Additions under all such plans and funds for the
 Limitation Year will equal the maximum permissible amount. If the Annual
 Additions with respect to the Participant under such other qualified defined
 contribution plans, welfare benefit funds, individual medical accounts, and
 simplified employee pensions in the aggregate are equal to or greater than
 the maximum permissible amount, no amount will be contributed or allocated to
 the Participant&#146;s account under this Plan for the Limitation Year. Prior to
 determining the Participant&#146;s Net Compensation for the Limitation Year, the
 Employer may determine the maximum permissible amount for a Participant in
 the manner described in paragraph (b). As soon as is administratively
 feasible after the end of the Limitation Year, the maximum permissible amount
 for the Limitation Year will be determined on the basis of the Participant&#146;s
 Net Compensation for the Limitation Year. If reducing contributions and
 allocations under this Plan to prevent an excess Annual Addition under
 Section 415 of the Code conflicts with provisions of any other plan or plans
 of the Employer, the provisions of such other plan or plans shall govern.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>29</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>

 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD colspan=2 VALIGN=TOP>
 <P><FONT SIZE=2>If, pursuant
 to paragraph (e) or as a result of the allocation of forfeitures, a
 Participant&#146;s Annual Additions under this Plan and such other plans would
 result in an excess amount for a Limitation Year, the excess amount will be
 deemed to consist of the Annual Additions last allocated, except that Annual
 Additions attributable to a simplified employee pension will be deemed to
 have been allocated first, followed by Annual Additions to a welfare benefit
 fund or individual medical account, regardless of the actual allocation date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(g)</FONT></P>
 </TD>
 <TD colspan=2 VALIGN=TOP>
 <P><FONT SIZE=2>If an excess
 amount was allocated to a Participant on an allocation date of this Plan
 which coincides with an allocation date of another plan, the excess amount
 attributed to this Plan will be the product of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the total
 excess amount allocated as of such date, times</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the ratio of
 (i) the Annual Additions allocated to the Participant for the Limitation Year
 as of such date under this Plan to (ii) the total Annual Additions allocated
 to the Participant for the Limitation Year as of such date under this and all
 the other qualified defined contribution plans. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Any excess
 amount attributed to this plan will be disposed in the manner described in
 paragraph (d) above. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(h)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of applying the limitations of this section for a Limitation Year, all
 defined contribution plans (as defined in Reg. &sect;1.415(c)-1(a)(2)(i) and
 without regard to whether the plan(s) have been terminated) ever maintained
 by the Employer and all defined contribution plans of a predecessor Employer
 (in the Limitation Year in which such predecessor Employer is created) under
 which a Participant receives Annual Additions are treated as one defined
 contribution plan. The Annual Additions under a formerly affiliated plan (as
 defined in Reg. &sect;1.415(f)-1(b)(2)(ii)) of the Employer are taken into account
 for purposes of applying the limitations of this section for the Limitation
 Year in which the cessation of affiliation took place. The limitations of
 this section are not exceeded for the first Limitation Year in which two or
 more existing plans, which previously were not required to be aggregated
 pursuant to Reg. &sect;1.415(f), are aggregated, provided that no Annual Additions
 are credited to a Participant after the date on which the plans are required
 to be aggregated if the Annual Additions already credited to the Participant
 in the existing plans equal or exceed the maximum permissible Annual
 Addition. If the Employer maintains a multiemployer plan, as defined in
 Section 414(f) of the Code, and the multiemployer plan so provides, only the
 Annual Additions under the multiemployer plan that are provided by the
 Employer shall be treated as Annual Additions provided under a plan
 maintained by the Employer for purposes of this section.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>30</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">

 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>

<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 anything contained herein to the contrary, the Annual Addition that may be
 contributed or allocated to a Participant&#146;s account under this Plan or any
 other defined contribution plan maintained by the Employer or any Affiliate
 for any Limitation Year shall not exceed the lesser of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>$40,000, as
 adjusted for increases in the cost-of-living under Section 415(d) of the
 Code, or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>100% of the
 Participant&#146;s Net Compensation for the Limitation Year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Net
 Compensation limit referred to in (2) shall not apply to an individual
 medical benefit account (as defined in Section 415(l) of the Code; or a
 post-retirement medical benefits account for a Key Employee). If a Limitation
 Year consists of less than 12 months, the maximum Annual Addition shall not
 exceed the amounts listed above multiplied by the following fraction:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><U>number of months in short Limitation Year</U></FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>12</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(j)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the foregoing, if no more than one-third of the Employer Contribution for a
 Limitation Year is allocated to Highly Compensated Participants, then
 Employer Contributions applied to pay interest on an Exempt Loan and
 forfeitures of Employer Securities acquired through an Exempt Loan shall be
 disregarded in computing the Annual Addition.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 6</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>INVESTMENT IN EMPLOYER SECURITIES</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Borrowing
from Disqualified Persons</U>.</B> The Trustee shall have
full power and authority to borrow money, to assume indebtedness, extend
mortgages, and encumber Plan assets by mortgage or pledge; provided, however,
the following terms and conditions shall apply to all Exempt Loans:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Trustee
 shall use the proceeds of the Exempt Loan within a reasonable time after
 receipt only for the following purposes:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to acquire
 Employer Securities;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>31</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to pay such
 Exempt Loan; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to pay a
 prior Exempt Loan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>An Exempt
 Loan shall be primarily for the benefit of Participants and their
 Beneficiaries. The interest rate of
 the Exempt Loan shall not be more than a reasonable rate of interest, and the
 interest rate for the Exempt Loan and the price of Employer Securities to be
 acquired with the Exempt Loan proceeds shall not be such that Plan assets
 might be drained off. The terms of
 the Exempt Loan shall, at the time the Exempt Loan is made, be at least as
 favorable to the Plan as the terms of a comparable loan resulting from
 arms-length negotiations between independent parties.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Any
 collateral the Trustee pledges to the Exempt Loan lender shall consist only
 of the assets purchased with the borrowed funds and those assets the Trust
 used as collateral on a prior Exempt Loan repaid with the proceeds of the
 current Exempt Loan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Exempt
 Loan shall be for a specific term and may not be payable at the demand of any
 person, except in the case of default.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Exempt
 Loan lender shall have no recourse against the Plan and Trust under the
 Exempt Loan except with respect to such collateral given for the Loan,
 Employer Contributions (other than contributions of Employer Securities) that
 the Employer makes to the Trust to meet its obligations under the Loan, and
 earnings attributable to such collateral and the investment of such
 contributions. The payment made with respect to an Exempt Loan by the Plan
 during the Plan Year shall not exceed an amount equal to the sum of Employer
 Contributions and earnings received during or prior to the Plan Year, less
 such payments in prior years. The Employer and the Trustee shall account
 separately for such contributions and earnings in the books of account of the
 Plan until the Exempt Loan is repaid.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>In the event
 of default of the Exempt Loan, the value of Plan assets transferred in
 satisfaction of the Loan shall not exceed the amount of the default. If the
 lender is a Disqualified Person, the Loan shall provide for transfer of Plan
 assets upon default only upon and to the extent of the failure of the Plan to
 meet the payment schedule of the Loan. For purposes of this Section, the
 making of a guarantee does not make a person a lender.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release
of Encumbered Employer Securities</U>.</B> Employer
Securities acquired by the Plan from proceeds of an Exempt Loan shall be added
to and maintained in a suspense account and shall be treated as unallocated
assets of the Plan. Any unrealized appreciation or depreciation of Employer
Securities held in the suspense account shall not be credited or debited to
Participant accounts.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to each Exempt Loan, the Trustee shall designate either of the
following methods to determine the number of shares of Employer Securities
acquired with such Exempt Loan to be released in each Plan Year during the term
of such Exempt Loan:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>For each
 Plan Year during the duration of the loan, the number of shares of Employer
 Securities released shall be determined solely with reference to principal
 payments, provided, however, that if this method is designated, (i) annual
 payments of principal and interest shall be paid at a cumulative rate that is
 not less rapid at any time than level annual payments of such amounts for 10
 years, (ii) the Exempt Loan shall not be renewed or extended beyond a 10-year
 term, including the original term of the Exempt Loan, and (iii) interest on
 the Exempt Loan shall be calculated and paid in accordance with standard
 amortization tables; or</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>32</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>For each
 Plan Year during the duration of the loan, the number of shares of Employer
 Securities released shall equal the number of encumbered shares held
 immediately before release for the current Plan Year multiplied by a
 fraction, the numerator of which is the amount of principal and interest paid
 for the Plan Year and the denominator of which is the sum of the numerator
 plus the principal and interest to be paid for all future Plan Years.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the collateral includes more than one class of Employer Securities, the number
of shares of Employer Securities of each class to be released for a Plan Year
must be determined by applying the same fraction to each such class. Shares of
Employer Securities that are released from encumbrance pursuant to the
foregoing provisions shall be treated as withdrawn from the suspense account at
the time of such release. The withdrawn shares shall be allocated to the
accounts of eligible Participants in the same manner as Employer Contributions
are allocated under Section 5.4. The withdrawn shares shall be allocated on the
basis of actual shares of Employer Securities, or dollar values expressed as
shares of Employer Securities.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
earned with respect to Employer Securities in the suspense account shall be
used, at the discretion of the Employer and to the extent permitted by law, to
repay the Exempt Loan used to purchase such Employer Securities. Any income
that is not so used must be allocated as income of the Plan.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, upon the spin-off of a division, operating unit, or one or more
Affiliates of the Employer into a separate corporation, the proceeds of the
sale of any shares of such corporation which are held in the Suspense Account
following such spin-off may be used to purchase additional shares of Employer
Securities or to repay the Exempt Loan.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Dividends, Splits, Rights, Warrants, Options, and Other Reorganizations</U></B><B>.</B> Employer Securities received by the
Trustee due to a stock split or dividend or as a result of a reorganization or
other recapitalization shall be allocated in the same manner as the stock to
which it is attributable has been allocated. In the event any rights, warrants,
or options are issued with respect to Employer Securities, the Trustee shall
exercise them to the extent that cash is then available and to the extent that
such exercise is considered to be in the best interests of Participants. Any
rights, warrants, or options on Employer Securities that are not exercised may
be sold by the Trustee and the proceeds treated as a cash dividend received
with respect to Employer Securities.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>33</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voting
Rights</U>.</B> If the Employer Securities contributed to
the Plan by the Employer or acquired by the Trustee are a Registration-Type
Class of Employer Securities or are contributed or acquired in a transaction
subject to Section 133 of the Code, then each Participant shall be entitled to
direct the Trustee as to the manner in which Employer Securities allocated to
the Participant&#146;s account and entitled to vote are to be voted.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Employer Securities are not a Registration-Type Class of Employer
Securities, then each Participant or Beneficiary shall be entitled to direct
the Trustee as to the manner in which Employer Securities allocated to the
Participant&#146;s account are to be voted with respect to the approval or disapproval
of any corporate merger or consolidation, recapitalization, reclassification,
liquidation, dissolution, sale of substantially all assets of a trade or
business, or similar transactions as the Secretary of the Treasury may
prescribe in regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
procedure for voting Employer Securities shall be as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>With respect
 to Employer Securities to be voted by Participants, before any meeting of
 shareholders of the Employer, there shall be sent to each Participant a copy
 of the proxy solicitation material for the meeting, together with a form
 requesting confidential instructions to the Trustee on how to vote the
 Employer Securities credited to the Participant&#146;s account and which the
 Participant is entitled to vote. Instructions received from Participants by
 the Trustee shall be held in the strictest confidence and shall not be
 divulged or released to any person. Upon receipt of such instructions, the
 Trustee shall vote the Employer Securities as instructed.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In the
 exercise of voting rights, allocated shares of Employer Securities held for
 the benefit of Participants who do not give timely voting instructions shall
 be voted by the Trustee.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>With respect
to all corporate matters upon which Participants are not entitled to vote as
described above, the Employer shall direct the Trustee on how to vote Employer
Securities. Employer Securities held in the suspense accounts described in
Sections 5.7 or 6.2 shall be voted by the Trustee as directed by the Employer,
provided that such directions are consistent with applicable law and the
Trustee&#146;s obligations under Section 12.1 of the Plan.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>34</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tender
or Exchange Offers</U>.</B> In the event of the
commencement of a tender or exchange offer (an &#147;Offer&#148;) for shares of Employer
Securities, the Trustee shall determine whether to tender or exchange shares of
Employer Securities held by the Plan, to the extent permitted under the terms
of such Offer. Such determination by the Trustee pursuant to this Section shall
apply to both allocated shares of Employer Securities and to Employer
Securities held in the suspense accounts described in Sections 5.7 or 6.2,
provided the Trustee&#146;s actions are consistent with applicable law and the
Trustee&#146;s obligations under Section 12.1 of the Plan. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any securities
received by the Trustee as a result of a tender or exchange of shares of
Employer Securities shall be held, and any cash so received shall be invested
in short-term investments pending any reinvestment by the Trustee, as it may
deem appropriate, consistent with the purposes of the Plan. If an Offer is
limited so that all of the shares subject to tender or exchange cannot be sold
or exchanged, the shares sold or exchanged shall be reduced pro rata in the
same ratio that the number of shares actually sold or exchanged bears to the
total number of shares tendered or exchanged. Shares sold or exchanged shall be
deemed to come first out of the shares allocated to Participants and only after
all of those shares have been sold or exchanged, out of the suspense accounts.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Diversification
of Investment</U>. </B>Notwithstanding anything in the Plan
to the contrary, each Qualified Participant may direct the Trustee as to the
investment of 25% of the value of the Participant&#146;s account balance
attributable to Employer Securities within 90 days after the Anniversary Date
of each Plan Year during the Participant&#146;s Qualified Election Period. Within 90
days after the Anniversary Date of the last Plan Year in the Participant&#146;s
Qualified Election Period, a Qualified Participant may direct the Trustee as to
the investment of 50% of the value of the Participant&#146;s account balance
attributable to Employer Securities. Such election shall be subject to the
following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The
 Participant&#146;s direction shall be in writing and shall be effective no later
 than 180 days after the Anniversary Date of the Plan Year to which the
 direction applies.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The Trustee
 shall offer at least three investment options, other than Employer
 Securities, not inconsistent with regulations issued by the Secretary of the
 Treasury, into which investment of the Participant&#146;s account can be directed
 either in this Plan or another qualified plan of the Employer.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>35</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Trustee does not offer such investment options or if the Trustee cannot
 diversify such account, the Trustee may elect to distribute to the
 Participant the portion of the account for which diversification was elected
 in cash or in Employer Securities. If Employer Securities are distributed,
 the put option provided in Section 6.8 shall apply.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The
 percentage of diversification elected shall be determined based on the value
 of the Participant&#146;s account balance attributable to Employer Securities as
 of the Anniversary Date of the Plan Year to which the direction applies, less
 the value of any previous amount diversified in accordance with this Section.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on Buy-Sell Arrangements</U>. </B>Except as provided in
this Article, no Employer Securities acquired with the proceeds of an Exempt
Loan may be subject to a put, call, or other option, or buy-sell or similar
arrangement while held by or when distributed from the Plan, whether or not the
Plan is then a leveraged employee stock ownership plan. Also, the Plan shall
not be obligated to acquire Employer Securities from a particular security
holder at an indefinite time determined upon the happening of any event.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Put
Option</U>.</B> If Employer Securities allocated to the
account of a Participant are not readily tradable on an established market,
each Participant or Beneficiary who receives a distribution of such Employer
Securities from the Plan shall have the right to require that the Employer
repurchase the Employer Securities for Value. This right shall be referred to
as a &#147;put option.&#148; The put option granted hereunder shall be exercisable by the
Participant or Beneficiary for a period of 60 days following the date of the
distribution of the Employer Securities and, if the put option is not exercised
within such 60-day period, for an additional period of 60 days commencing on
the first day of the following Plan Year. The Employer may grant the Trust an
option to assume the Employer&#146;s rights and obligations to acquire Employer
Securities under the put option provided above.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Employer is a bank, as defined in Section 581 of the Code, which is
prohibited by law from redeeming or purchasing Employer Securities, then a
Participant may, in the discretion of the Employer, receive distribution in
cash. If Employer Securities are distributed to the Participant instead of
cash, then the terms of Section 6.11 shall apply.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>36</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right
of First Refusal and Call Option</U>.</B> The Employer
shall have the right to purchase Employer Securities distributed out of this
Plan under the following conditions:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>A Qualified
 Holder who desires to dispose of Employer Securities that are not readily
 tradable on an established securities market shall first offer to sell the
 Employer Securities to the Employer. In the case of a bona fide offer by a
 third party, the offer to the Employer shall be for the Value of the Employer
 Securities and subject to the terms and conditions of Section 6.10, unless
 the selling price and terms offered to the Participant by the third party are
 more favorable to the Participant, in which event the selling price and terms
 of the offer of the third party shall apply. The Employer shall give written
 notice to the offering Qualified Holder of its acceptance of the Qualified
 Holder&#146;s offer within 14 days after the Qualified Holder has given written
 notice to the Employer, or the Employer&#146;s rights hereunder shall lapse.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In the case
 of an Employer whose charter or bylaws restrict the ownership of
 substantially all outstanding Employer Securities to Employees or to a Trust
 described in Section 401(a) of the Code, or if the Employer is an S
 Corporation, the Employer shall have a right to require that any Employer
 Securities distributed to a Participant be resold to the Employer for Value.
 This right, referred to as a &#147;call option&#148; shall be exercised upon terms
 specified in Section 6.10.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employer may grant the Trust an option to assume the Employer&#146;s rights and
obligations with respect to all or any part of the Employer Securities offered
to the Employer under this Section.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exercise
of Option</U>.</B> If a Participant receives a
distribution in the form of Employer Securities that is subject to the put
option provided in Section 6.8, or if the Employer or Trustee exercise the
right of first refusal or call option under Section 6.9 to purchase a Qualified
Holder&#146;s Employer Securities, the following rules shall apply:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant or Beneficiary receives a Total Distribution, the purchaser
 shall, at its option, pay either the total purchase price or 20% of the total
 purchase price in cash at the closing. If an installment purchase is elected,
 the purchaser shall evidence the balance of the purchase price by executing a
 promissory note, delivered to the selling Qualified Holder at the closing.
 The purchaser shall provide adequate security for the unpaid amounts under
 the note. The note shall bear interest at a reasonable rate, and shall
 provide for not more than 5 equal annual installments with interest payable
 with each installment, the first installment being due and payable one year
 after the option is exercised. The note further shall provide for
 acceleration in the event of 30 days&#146; default of the payment on the interest
 or principal and shall grant to the maker of the note the right to prepay the
 note in whole or in part at any time or times without penalty.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant or Beneficiary receives Employer Securities as part of an
 installment distribution, the Purchaser shall pay the total purchase price of
 the Employer Securities received in the installment distribution at the closing.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>As used
 herein, &#147;closing&#148; shall mean the place, date, and time to which the selling
 Qualified Holder and the purchaser may agree for purposes of a sale and
 purchase under this Section, provided that such closing shall take place not
 later than 30 days after the exercise of the option.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>37</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Substitute
Offeree</U>.</B> If the Employer is prohibited by federal
or State law or by a governing regulatory agency from buying or offering to buy
Employer Securities, there shall be substituted for each reference in this
Article to &#147;Employer&#148; the following: &#147;an Affiliate or shareholder of the
Employer (other than the Plan) that has a substantial net worth which is
reasonably expected to remain substantial&#148;; and the Employer shall be given the
name or names of such person from time to time.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>.</B>
A person shall have given notice permitted or required hereunder when such
person deposits the notice in the United States mail, first class, postage
prepaid, addressed to the person entitled to the notice at the address
currently listed in the records of the Employer. Any person affected by this
Article shall have the obligation of notifying the Employer of any change of
address.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transfer
Restriction</U>. </B>Except upon the prior written consent
of the Employer and as long as Employer Securities are not readily tradable on
an established securities market, no Qualified Holder shall sell, assign, give,
pledge, encumber, transfer, or otherwise dispose of any Employer Securities
acquired from this Plan without complying with the terms of Section 6.9. If a
Qualified Holder pledges or encumbers any Employer Securities without the
Employer&#146;s prior written consent, any security holder&#146;s rights with respect to such
Employer Securities shall be subordinate and subject to the rights of the
Employer.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
Nonterminable</U>. </B>The rights and protections afforded
by Sections 6.7, 6.8, 6.9 and 6.10 of this Article shall be nonterminable.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Independent
Appraisal</U>.</B> All determinations of Value of Employer
Securities that are not readily tradable on an established securities market,
with respect to activities carried on by the Plan, shall be made by an
Independent Appraiser. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employer
Securities of S Corporation</U>.</B> Notwithstanding
Section 5.4, if the Plan holds Employer Securities consisting of stock in an S
corporation, no portion of the assets of the Plan attributable to (or allocable
in lieu of) such Employer Securities may, during a Nonallocation Year, accrue
(or be allocated directly or indirectly under any plan of the Employer meeting
the requirements of Section 401(a) of the Code) for the benefit of any
Disqualified Person pursuant to an Impermissible Accrual or an Impermissible
Allocation. If the Plan fails to meet the foregoing requirements, the Plan
shall be treated as having distributed to any Disqualified Person the amount of
the prohibited allocation at the time of such allocation.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>38</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the case of a person who owns Synthetic Equity in the S corporation, except to
the extent provided in regulations, the shares of stock in such corporation on
which such Synthetic Equity is based shall be treated as outstanding stock in
such corporation and Deemed-Owned Shares of such person if such treatment of
Synthetic Equity of one or more such persons results in:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 treatment of any person as a Disqualified Person, or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 treatment of any year as a Nonallocation Year.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>For purposes
of this paragraph, Synthetic Equity shall be treated as owned by a person in
the same manner as stock is treated as owned by a person under the rules of
paragraphs (2) and (3) of Section 318(a) of the Code. If, without regard to
this paragraph, a person is treated as a Disqualified Person or a year is
treated as a Nonallocation Year, this paragraph shall not be construed to
result in the person or year not being so treated.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding any other provision of this Plan, to the extent the
 Employer, Committee and/or the Trustee determine that this Section 6.16
 requires action on the part of the Committee to prevent the Plan from
 experiencing a Nonallocation Year as a result of actions taken by the
 Employer, Committee or Trustee, including, but not limited to, the allocation
 of any portion of the Trust Fund to one or more Participants in any Plan
 Year, the Committee may, in its sole discretion, transfer a pro rata portion
 of the assets of any Participants&#146; account that will cause such Nonallocation
 Year to (a) any other retirement plan sponsored by the Employer that is
 qualified under Code Section 401(a); or (b) a newly formed &#147;stock bonus plan&#148;
 formed as part of this Plan that is authorized by the Employer and the
 Trustee as of, or prior to, the date of such transfer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding any other provision of this Plan, the accounts held
 under any &#147;stock bonus plan&#148; formed pursuant to Section 6.16(a) shall be
 administered by the Committee and the Trustee in a manner consistent with the
 Plan&#146;s provisions generally, provided, however, that such portion of the Plan
 shall at all times:</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Not qualify under Section 4975(e)(7) of the Code or Reg.
 &sect;54-4975-11(a)(5) as an employee stock ownership plan; </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>39</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Meet the definition of an &#147;individual account plan&#148; under Section
 407(d)(3) of the Employee Retirement Income Security Act of 1974 and be
 permitted to invest in Employer Securities pursuant to Section 407(d)(5) of
 the Employee Retirement Income Security Act of 1974; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Maintain an account for any Participant participating under this
 portion of the Plan and allocate all Employer Contributions to such accounts
 in a manner that complies with Section 401(a)(4) of the Code and the
 regulations thereunder; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Be subject to unrelated business income tax pursuant to Section 512
 of the Code to the extent of such portion of the Plan is invested in Employer
 Securities; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Be identified as a separate portion of the Plan for all annual
 reporting and disclosure purposes required under the Code and the Employee
 Retirement Income Security Act of 1974. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;6.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect
of Code and Regulations Nonterminable</U>. </B>Notwithstanding the fact
that this Plan ceases to be a leveraged employee stock ownership plan, Employer
Securities acquired with the proceeds of an Exempt Loan shall continue, after
the Trustee pays the Exempt Loan, to be subject to the provisions of Section
4975(e)(7) of the Code and Section 54.4975-7(b)(4)(10) and (12) of the Treasury
Regulations, as the same may be amended from time to time.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 7</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>VESTING</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vesting
of Participant Contributions</U>.</B> A Participant shall
have a fully vested and nonforfeitable interest in Participant Contributions
allocated to the Participant&#146;s account, and earnings thereon, at all times.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vesting</U></B><U><B> of
Employer Contributions.</B></U></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>A
 Participant shall have a fully vested and nonforfeitable interest in Employer
 Contributions allocated to the Participant&#146;s account, and earnings thereon,
 upon the occurrence of any one of the following events:</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>attainment
 of the Participant&#146;s Normal Retirement Age prior to or during employment with
 the Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Disability
 of the Participant occurring during employment with the Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>death of the
 Participant occurring during employment with the Employer;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>40</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>termination
 or partial termination of the Plan or the Trust if the Participant&#146;s rights
 or benefits under the Plan or Trust are affected by said termination or
 partial termination;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(v)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>complete
 discontinuance of Employer Contributions to the Plan; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(vi)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a Change in
 Control of the Employer. For purposes of this subsection (vi), &#147;Change in
 Control&#148; of the Employer shall mean a change in control which would be
 required to be reported in response to Item&nbsp;5(f) on Schedule&nbsp;14A of
 Regulation&nbsp;14A promulgated under the Securities Exchange Act of 1934, as
 amended (the &#147;Exchange Act&#148;), whether or not the Employer is then subject to
 such reporting requirement and which does not arise from a transaction or
 series of transactions authorized, recommended or approved by formal action
 taken by the Board of Directors, as defined herein, including, without
 limitation, if any &#147;person&#148; (as such term is sued in Sections&nbsp;13(d) and
 14(d) of the Exchange Act) becomes a &#147;beneficial owner&#148; (as defined in
 Rule&nbsp;13(d)3 under the Exchange Act), directly or indirectly, of
 securities of the Employer representing 20% or more of the combined voting
 power of the Employer&#146;s then-outstanding securities, or if there ceases to be
 a majority of the Board of Directors, as defined herein, comprised of
 individuals described below.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of this subsection&nbsp;(vi), &#147;Board of Directors&#148; shall mean:
 (A)&nbsp;individuals who on the effective date hereof, constituted the Board
 of the Employer; and (B)&nbsp;any new director who subsequently was elected
 or nominated for election by a majority of the directors who held such office
 immediately prior to a Change in Control.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 for a Participant who receives an allocation of Employer Contributions for
 the Plan Year beginning January 1, 2007 or any subsequent Plan Year, in
 addition to the rights under (a) above, such Participant shall have a vested
 and nonforfeitable interest in Employer Contributions allocated to the
 Participant&#146;s account, and earnings thereon, based on the Participant&#146;s Years
 of Service as determined in Section 7.3 in accordance with the following
 schedule:</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="10%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="33%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participant&#146;s</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Vested and Nonforfeitable</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP nowrap>
 <P><FONT SIZE=2>Years of
 Service</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Percentage</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Less than 2
 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;&nbsp;0%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>2 years but
 less than 3 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;20%</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>3 years but
 less than 4 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;40%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>4 years but
 less than 5 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;60%</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>5 years but
 less than 6 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;80%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>6 or more
 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>100%</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Participants
 whose Termination of Employment occurred on or before December 31, 2006 shall
 be subject to the vesting schedule in effect when the Termination of
 Employment occurred. A Participant whose Termination of Employment occurs
 during the Plan Year beginning January 1, 2007, but who is not eligible for
 an allocation of Employer Contributions for said Plan Year, shall be subject
 to the vesting schedule in effect prior to January 1, 2007.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>41</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the foregoing effective date of the vesting schedule change, if there was an
 Exempt Loan outstanding on September 26, 2005, the change in vesting schedule
 described above will not apply to any Plan Year beginning before the earlier
 of the date on which the Exempt Loan (i) is fully repaid, or (ii) was, as of
 September 26, 2005, scheduled to be fully repaid.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the vesting schedule set forth under (b) above, a Participant&#146;s vested and
 nonforfeitable interest in Employer Contributions allocated to the
 Participant&#146;s account and earnings thereon shall not be less than the vested
 and nonforfeitable interest attained by that Participant immediately prior to
 the later of the date of adoption or the effective date of any amendment to
 the vesting schedule under this Plan, and any such amendment shall apply only
 to Participants who are credited with an Hour of Service on or after the date
 on which such amendment becomes effective. In addition, a Participant&#146;s
 vested and nonforfeitable interest shall not be reduced if the Plan becomes
 Top Heavy and later ceases to be Top Heavy.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Each
 Participant with at least 3 Years of Service with the Employer may elect,
 within a reasonable period after the adoption of the amendment or change, to
 have the Participant&#146;s vested and nonforfeitable interest in such
 contributions computed under the Plan without regard to such change. The
 period during which the election may be made shall commence with the date the
 change is deemed to be made and shall end 60 days after the latest of:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date the
 amendment is adopted;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date the
 amendment becomes effective; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date the
 Participant is issued written notice of the change by the Employer.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the foregoing, for an amendment adopted after August 9, 2006, with respect to
 a Participant&#146;s account attributable to Employer Contributions accrued as of
 the later of the adoption or the effective date of the amendment and
 earnings, the vested percentage of the Participant will be the greater of the
 vested percentage under the old vesting schedule or the vested percentage
 under the new vesting schedule.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Determination
of Years of Service</U>.</B> An Employee shall be credited
with one Year of Service for purposes of the preceding Section for each Plan
Year during which the Employee performs 1,000 or more Hours of Service for the
Employer and any Affiliate, in accordance with the following rules:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>An
 Employee&#146;s Years of Service prior to and after the Effective Date shall be
 counted.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>An
 Employee&#146;s Years of Service prior to and after the Plan Year in which the
 Employee attained age 18 shall be counted.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>42</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>An
 Employee&#146;s Years of Service performed after 5 consecutive one-year Breaks in
 Service shall not be considered in computing the vested and nonforfeitable
 percentage of the Employee&#146;s account attributable to Employer Contributions
 made before the Employee&#146;s initial Break in Service.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In the case
 of a nonvested Participant who has incurred a Break in Service, and subsequently
 performs Years of Service for the Employer, such a Participant&#146;s Years of
 Service with the Employer prior to the Break in Service shall be considered
 in computing the vested and nonforfeitable percentage of the Participant&#146;s
 account attributable to Employer Contributions made after the Break in
 Service unless the Participant&#146;s consecutive one-year Breaks in Service equal
 or exceed the greater of 5 or the aggregate number of the Participant&#146;s Years
 of Service preceding the initial Break in Service. If any Years of Service
 are not required to be taken into account by reason of Breaks in Service
 under the preceding sentences, such Years of Service shall not be taken into
 account thereafter.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>A Leased
 Employee shall be credited with Years of Service for vesting beginning on the
 date the Leased Employee first performed services for the Employer even if
 such individual is not eligible to participate in the Plan. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Employer maintains the Plan for a predecessor employer, service with such
 employer shall be treated as service for the Employer. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(g)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Years of
 Service with MiLAN Technology Inc. prior to March 25, 2002 will be treated as
 service for the Employer. Years of Service with Image Systems Corporation
 prior to March 24, 2004 shall be treated as service for the Employer.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forfeitures
and Restoration of Nonvested Amounts</U>.</B> The
nonvested portion of a Participant&#146;s account shall be considered a forfeiture
as of the end of the Plan Year in which the Participant incurs 5 consecutive
one-year Breaks in Service, or upon an actual or deemed distribution of
benefits under Section 8.5, if earlier. Employer Securities allocated to a
Participant&#146;s account shall be forfeited only after other account assets, and
if more than one class of Employer Securities are allocated to the account,
each such class shall be forfeited in equal proportions. Such forfeitures shall
be allocated as of the Anniversary Date of the Plan Year in which the
forfeiture occurs. The forfeited amounts shall be first used to restore amounts
forfeited by rehired Participants as described in the following paragraph,
then, at the Employer&#146;s discretion, used to pay any administrative expenses of
the Plan as described in Section 13.2(o), and then added to the Employer
Contribution for such Plan Year for allocation among Participants pursuant to
Section 5.4.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>43</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant receives a distribution pursuant to Section 8.5 which is less
than the value of the Participant&#146;s account balance derived from Employer
Contributions and resumes employment covered under this Plan, the Participant&#146;s
account balance derived from Employer Contributions will be restored to the
amount on the date of distribution, without interest, if the Participant repays
to the Plan the full amount of the distribution on or before the earlier of the
following dates:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date by
 which the Participant incurs 5 consecutive one-year Breaks in Service
 following the date of distribution; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the date
 which is 5 years after the first date the Participant is subsequently
 reemployed.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the amount to be restored to the Participant&#146;s account under the preceding
sentence has been previously reallocated as provided in this Section, such
amount shall be obtained, first, from other forfeitures, and next, from an
additional Employer Contribution. If a Participant who received a distribution
later becomes eligible to receive a distribution of the restored Employer
Contribution before the Participant is fully vested, the vested percentage of
the Participant&#146;s account upon a subsequent distribution shall be an amount &#147;X&#148;
determined under the formula: X=P(AB+D)-D. For purposes of applying the
formula, P is the Participant&#146;s vested percentage as of the time the formula is
being applied; AB is the balance of the account attributable to Employer
Contributions at that time; and D is the amount of Employer Contributions
previously distributed to the Participant. The Employer shall maintain the
records necessary to apply such formula. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 8</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PAYMENTS OF BENEFITS</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>.</B>
The Employer shall furnish each Distributee with a written statement of the
terms, conditions and forms of payment from the Trust.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>44</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amount
of Benefits and Valuation</U>.</B> Benefits under the Plan
shall be paid solely from the Trust Fund and the amount payable to a
Participant shall equal the fair market value of the vested portion of the
Participant&#146;s account as of the Valuation Date described in Section 8.5.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Mode
of Payment</U>.</B> Distribution of a Participant&#146;s
account shall be made to a Participant under one of the following modes of
settlement which shall be selected by the Participant, or the Participant&#146;s
designated Beneficiary if the Participant dies before commencement of benefits:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By payment
 in a single lump sum.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By payment
 in the form of annual or more frequent installments as may be conveniently
 determined. Installments shall be payable over a period that does not exceed
 the life expectancy of the Participant or the joint life expectancy of the
 Participant and the Participant&#146;s Beneficiary, subject to the Employer
 setting limitations on the number of years over which benefits may be paid in
 the event installments would be less than $100 per month.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In all events,
the amount of each distribution shall not be less than the amount required to
be distributed under Article 9.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision of the Plan to the contrary, a Distributee may elect, at the time
and in the manner prescribed by the Employer, to have any portion of an
Eligible Rollover Distribution paid directly to an Eligible Retirement Plan
specified by the Distributee in a Direct Rollover.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
distribution of the Participant&#146;s Beneficial Interest has commenced and the
Participant dies before the entire interest has been distributed, the remaining
portion of such interest shall be distributed at least as rapidly as under the
method of distribution in effect at the date of the Participant&#146;s death.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The decision
of the Participant as to the mode of settlement shall be final and the Employer
shall not be liable to the recipient (or to any heir, Beneficiary, or
representative of the Participant, or of the recipient if other than the
Participant) for such decision notwithstanding the fact that another mode of
settlement would have resulted in a greater benefit.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>45</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision in this Plan to the contrary, investment elections, changes or
transfers, withdrawals decisions, and any other decision or election by a
Participant (or Beneficiary) under this Plan may be accomplished by electronic
or telephonic means, which includes but is not limited to the Internet, and
which are not otherwise prohibited by law and which are in accordance with
procedures and/or systems approved or arranged by the Employer or its
delegates. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medium
of Payment</U>.</B> Except as otherwise provided in this
Section, distribution of a Participant&#146;s Beneficial Interest from the Plan
shall be made in the form of full shares of Employer Securities and cash for
fractional shares, subject to the rights of the Employer under Article 6. If
more than one class of Employer Securities are allocated to the Participant&#146;s
account, each such class shall be distributed in equal proportions. To the
extent that the Participant&#146;s account has been diversified in accordance with
Section 6.6, such Participant shall not receive benefits in the form of
Employer Securities. All certificates of Employer Securities (other than a
Registration-Type Class of Employer Securities) distributed under the Plan and
subject to transfer limitations shall be endorsed as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&#147;Notice is
 hereby given that the sale, transfer, or other disposition of the shares of
 capital stock represented by this certificate is subject to certain
 restrictions set forth in Article 6 of the Communications Systems, Inc.
 Employee Stock Ownership Plan and Trust; copies of the Plan and Trust are on
 file at Communications Systems, Inc.&#148;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Distributee so requests, distribution of the Participant&#146;s Beneficial
Interest shall be in cash, provided that the Trustee determines, in its
discretion, that sufficient cash is available to make all cash distributions
then required by the terms of the Plan or as requested by Distributees, and to
meet all liabilities under any Exempt Loans for the next 12 months which are
not provided for by Employer Contributions or otherwise. Notwithstanding the
foregoing, and except as provided in Section 6.9(b), the Employer may make distributions
only in the form of cash: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to the
 extent that the Employer has elected S corporation status;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>if the
 Employer&#146;s articles or bylaws restrict substantial ownership of Employer
 Securities to Employees or this Trust; or </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>if the Plan
 is terminated in connection with a merger or sale of all (or substantially
 all) the Employer Securities of the Employer, resulting in the Plan ceasing
 to be an employee stock ownership plan under Section 4975(e)(7) of the Code.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>46</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Time for Payment</U>.</B>
The Employer shall authorize the payment of benefits from the Plan to a
Distributee to be made or begin as soon as administratively feasible following
the Participant&#146;s Termination of Employment and the Employer&#146;s receipt of the
Distributee&#146;s distribution request. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
the Participant elects a later commencement date, no payment of benefits shall
be made or begin later than 60 days after the close of the Plan Year in which
the later of the following events occurs: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant&#146;s Normal Retirement Age; or </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the
 Participant&#146;s Termination of Employment with the Employer.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>In no event
shall the distribution be made or begin later than the Participant&#146;s Required
Beginning Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant has a Termination of Employment, and the value of the
Participant&#146;s vested account balance (including both Participant and Employer
Contributions) is not greater than $1,000 ($5,000 prior to March 28, 2005), the
Employer shall authorize the distribution of the vested portion of such account
balance prior to the Participant&#146;s attainment of age 62 or Normal Retirement
Age, whichever is later, without the consent of the Participant. A Participant
with an Employer Contribution account that is 0% vested shall be deemed to have
received a distribution under this paragraph upon Termination of Employment.
For purposes of determining whether a Participant&#146;s vested account balance is
$1,000 or less, the value of a Participant&#146;s nonforfeitable account balance
shall include that portion of the account balance that is attributable to
Rollover Contributions (and earnings allocable thereto) within the meaning of
sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the
Code. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>47</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant has a Termination of Employment, and the value of the
Participant&#146;s vested account balance (including both Participant and Employer
Contributions) exceeds $1,000 ($5,000 prior to March 28, 2005), the Employer
shall authorize the distribution of the vested portion of such account balance
prior to the Participant&#146;s attainment of age 62 or Normal Retirement Age,
whichever is later, only with the written consent of the Participant, and when
required, the Participant&#146;s spouse. Prior to receiving the Participant&#146;s
consent, the Employer shall notify the Participant and the Participant&#146;s
spouse, if required, of the right to defer any distribution and of the optional
forms of benefit available under the Plan. Such notification shall be furnished
not less than 30 days nor more than 180 days prior to the day on which a
distribution is made or first begins. No distribution shall be made until 30
days after such notice is given unless the Participant and the Participant&#146;s
spouse, if required, consent to an earlier distribution. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant dies before the distribution of the Participant&#146;s Beneficial
Interest has been made, distribution shall be made pursuant to Section 9.7(b). </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Undistributed
Accounts</U>.</B> At such time as the Employer may
determine in writing, the account of a Participant who has had a Termination of
Employment shall be invested in assets of the Trust other than Employer
Securities as of the Anniversary Date following the Participant&#146;s Termination
of Employment. Such investments may include bank savings accounts, certificates
of deposits, common stocks, preferred stocks, bonds, notes, debentures, mutual
funds, and other property, real or personal, provided such investments do not
violate applicable law, and subject to the availability of cash in the Plan to
permit such investments. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>S
Corporation Distributions</U>. </B>With respect to an
Employer that is an S Corporation, distributions on shares of Employer
Securities shall be applied and allocated as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>To the
 extent permitted by applicable law or as otherwise provided in subsection
 (b), S Corporation distributions from the Employer on Employer Securities
 (whether held in the suspense account under Section 6.2 or allocated to
 Participant accounts) may, in the Employer&#146;s discretion, be: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>used to
 provide for the diversification of Employer Securities in accordance with
 Sections 6.6 or 8.6 or;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>used to
 provide for distributions in accordance with Section 8.4.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>S
 Corporation distributions on Employer Securities acquired with the proceeds
 of an Exempt Loan may, in the Employer&#146;s discretion, be used to pay current
 obligations on an Exempt Loan or allocated as provided in Section 8.4(a)
 above. </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>48</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>To the
 extent distributions on Employer Securities that are held in the suspense
 account under Section 6.2 used to pay an Exempt Loan, such amounts shall be
 allocated in accordance with Sections 6.2 and to the extent such
 distributions are not used to pay down the Exempt Loan, shall be allocated to
 each Participant&#146;s Employer Contribution accounts in the same proportions as
 Employer Contributions are or would be allocated for the Plan Year among
 eligible Participants in accordance with Section 5.4. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>To the
 extent distributions on Employer Securities that are allocated to
 Participants&#146; Employer Contribution accounts are used to repay an Exempt Loan
 as provided in Section 8.4(b), shares released from the suspense account
 under Section 6.2 shall be allocated to Participants&#146; Employer Contribution
 accounts as follows: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>first,
 shares of Employer Securities with a Value equal to the distributions with
 respect to the shares of Employer Securities allocated to Participants&#146;
 Employer Contribution accounts shall be allocated among and credited to the
 Employer Contribution accounts of such Participants, pro rata, according to
 the number of shares of Employer Securities held in such accounts on the
 distribution date;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>then any
 remaining shares of Employer Securities released from the suspense account
 shall be allocated among and credited to the Employer Contribution accounts
 of eligible Participants in accordance with Section 5.4.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>C
Corporation Dividends</U>. </B>With respect to Employer
Securities of an Employer that is a C corporation, dividends paid with respect
to such Employer Securities held by the Plan in the suspense account under
Section 6.2 may, in the Employer&#146;s discretion, be used to repay an Exempt Loan.
Such C corporation dividends, and dividends paid with respect to Employer
Securities allocated to Participant accounts may, in the Employer&#146;s discretion,
be: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>allocated to
 and retained in Participant accounts; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>distributed
 to Participants in cash directly by the Employer; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>paid to the
 Plan and distributed therefrom to Participants no later than 90 days after
 the close of the Plan Year in which paid; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>at the
 election of the Participant or Beneficiary: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>paid as
 provided in (a) or (b) above, or </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>paid to the
 Plan and reinvested in Employer Securities; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>used to
 repay an Exempt Loan. </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>49</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
distribution or allocation of C corporation dividends with respect to Employer
Securities held in the suspense account shall be made to Participants or their
accounts in the same proportions as Employer Contributions are or would be
allocated for the Plan Year among eligible Participants in accordance with
Section 5.4. However, dividends held by the Plan for a 2-year period or longer
shall be distributed in accordance with Section 8.4; dividends held by the Plan
for a lesser period may be distributed in cash. When C corporation dividends of
Employer Securities allocated to Participants&#146; Employer Contribution accounts
are used to repay an Exempt Loan, shares released from the suspense account
shall be allocated to Participants&#146; Employer Contribution accounts as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(x)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>first,
 shares of Employer Securities with a fair market value at least equal to such
 dividends paid with respect to the shares of Employer Securities allocated to
 the Participants&#146; Employer Contribution accounts shall be allocated among and
 credited to the Employer Contribution accounts of such Participants, pro
 rata, according to the number of shares of Employer Securities held in such
 accounts on such dividend declaration date; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(y)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>then any
 remaining shares of Employer Securities released from the suspense account
 shall be allocated among and credited to the Employer Contribution accounts
 of eligible Participants in accordance with Section 5.4. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Unclaimed
Accounts</U>.</B> In the event the Employer is unable with
reasonable effort to locate a Participant or Beneficiary entitled to a
distribution under the Plan, the accounts distributable to such Participant or
Beneficiary shall be forfeited and will be reallocated in the same manner as
described in Section 7.4. A forfeiture under this paragraph shall occur no
earlier than six (6) months after the Employer&#146;s efforts to locate such
Participant or Beneficiary began or, if later, the earliest date applicable
Treasury regulations would permit the forfeiture. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a Participant or Beneficiary whose account has been forfeited pursuant to this
Section 8.9 makes a claim, at any time, for the forfeited account, such
forfeited account shall be restored, unadjusted for any gains or losses
occurring subsequent to the date of the forfeiture. Such restoration shall be
made during the Plan Year in which the Participant or Beneficiary makes the
claim, first from the amount, if any, of forfeitures the Employer otherwise
would allocate for the Plan Year, then from an additional amount the Employer
contributes to make the required restoration. <B> </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>50</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Facility
of Payment</U>.</B> In case of incompetency of a
Participant or Beneficiary entitled to receive any distribution under the Plan,
and if the Trustee shall be advised of the existence of such condition, the
Trustee shall direct distribution to a person or institution designated by a
court which has jurisdiction over such recipient or a person or institution
otherwise having legal authority under state law for the care and control of
such recipient. Any payment made in accordance with the foregoing provisions of
this Section shall constitute a complete discharge of any liability or
obligation of the Employer, the Trustee, and the Trust Fund. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 9</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>MINIMUM DISTRIBUTION REQUIREMENTS</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective
Date</U>.</B> The provisions of this Article 9 will apply
for purposes of determining required minimum distributions for calendar years
beginning with the 2003 calendar year. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Precedence</U>.</B>
The requirements of this Article 9 will take precedence over any inconsistent
provisions of the Plan. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Requirements
of Treasury Regulations Incorporated</U>.</B> All
distributions required under this Article 9 will be determined and made in
accordance with the Treasury regulations under Section 401(a)(9) of the Code
and the minimum incidental benefit requirement of Section 401(a)(9)(G) of the
Code. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Time
and Manner of Distribution</U>.</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Required Beginning Date.</B> The Participant&#146;s
 entire interest will be distributed, or begin to be distributed, to the
 Participant no later than the Participant&#146;s Required Beginning Date. </FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>51</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>Death of Participant Before Distributions Begin.</B>
 If the Participant dies before distributions begin, the Participant&#146;s entire
 interest will be distributed, or begin to be distributed, no later than as
 follows: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant&#146;s surviving spouse is the Participant&#146;s sole Designated
 Beneficiary, then distributions to the surviving spouse will begin by
 December 31 of the calendar year immediately following the calendar year in
 which the Participant died, or by December 31 of the calendar year in which
 the Participant would have attained age 70&frac12;, if later.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant&#146;s surviving spouse is not the Participant&#146;s sole Designated
 Beneficiary, then distributions to the Designated Beneficiary will begin by
 December 31 of the calendar year immediately following the calendar year in
 which the Participant died.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(3)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If there is
 no Designated Beneficiary as of December 31 of the year following the year of
 the Participant&#146;s death, the Participant&#146;s entire interest will be
 distributed by December 31 of the calendar year containing the fifth
 anniversary of the Participant&#146;s death.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(4)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant&#146;s surviving spouse is the Participant&#146;s sole Designated
 Beneficiary and the surviving spouse dies after the Participant but before
 distributions to the surviving spouse begin, this Section 9.4(b), other than
 Section 9.4(b)(1), will apply as if the surviving spouse were the
 Participant.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>For purposes
 of this Section 9.4(b) and Section 9.7, unless Section 9.4(b)(4) applies,
 distributions are considered to begin on the Participant&#146;s Required Beginning
 Date. If Section 9.4(b)(4) applies, distributions are considered to begin on
 the date distributions are required to begin to the surviving spouse under
 Section 9.4(b)(1). If distributions under an annuity purchased from an
 insurance company irrevocably commence to the Participant before the
 Participant&#146;s Required Beginning Date (or to the Participant&#146;s surviving
 spouse before the date distributions are required to begin to the surviving
 spouse under Section 9.4(b)(1), the date distributions are considered to
 begin is the date distributions actually commence. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forms
of Distribution</U>.</B> Unless the Participant&#146;s interest
is distributed in the form of an annuity purchased from an insurance company or
in a single sum on or before the Required Beginning Date, as of the first
distribution calendar year distributions will be made in accordance with
Sections 9.6 and 9.7. If the Participant&#146;s interest is distributed in the form
of an annuity purchased from an insurance company, distributions thereunder
will be made in accordance with the requirements of Section 401(a)(9) of the
Code and the Treasury regulations. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Required
Minimum Distributions During Participant&#146;s Lifetime</U>.</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>Amount of Required Minimum Distribution For Each Distribution
 Calendar Year.</B> During the Participant&#146;s lifetime,
 the minimum amount that will be distributed for each distribution calendar
 year is the lesser of: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the quotient
 obtained by dividing the Participant&#146;s account balance by the distribution
 period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9,
 Q&amp;A-2, of the Treasury regulations, using the Participant&#146;s age as of the
 Participant&#146;s birthday in the distribution calendar year; or</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>52</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>if the
 Participant&#146;s sole Designated Beneficiary for the distribution calendar year
 is the Participant&#146;s spouse, the quotient obtained by dividing the Participant&#146;s
 account balance by the number in the Joint and Last Survivor Table set forth
 in Section 1.401(a)(9)-9, Q&amp;A-3, of the Treasury regulations, using the
 Participant&#146;s and spouse&#146;s attained ages as of the Participant&#146;s and spouse&#146;s
 birthdays in the distribution calendar year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>Lifetime Required Minimum Distributions Continue Through Year of
 Participant&#146;s Death.</B> Required minimum distributions
 will be determined under this Section 9.6 beginning with the first
 distribution calendar year and up to and including the distribution calendar
 year that includes the Participant&#146;s date of death. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Required
Minimum Distributions After Participant&#146;s Death</U>.</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Death On or After Date Distributions Begin.</B> </FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant dies on or after the date distributions begin and there is a
 Designated Beneficiary, the minimum amount that will be distributed for each
 distribution calendar year after the year of the Participant&#146;s death is the
 quotient obtained by dividing the Participant&#146;s account balance by the longer
 of the remaining life expectancy of the Participant or the remaining life
 expectancy of the Participant&#146;s Designated Beneficiary, determined as
 follows:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The
 Participant&#146;s remaining life expectancy is calculated using the age of the
 Participant in the year of death, reduced by one for each subsequent year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant&#146;s surviving spouse is the Participant&#146;s sole Designated
 Beneficiary, the remaining life expectancy of the surviving spouse is calculated
 for each distribution calendar year after the year of the Participant&#146;s death
 using the surviving spouse&#146;s age as of the spouse&#146;s birthday in that year.
 For distribution calendar years after the year of the surviving spouse&#146;s
 death, the remaining life expectancy of the surviving spouse is calculated
 using the age of the surviving spouse as of the spouse&#146;s birthday in the
 calendar year of the spouse&#146;s death, reduced by one for each subsequent
 calendar year.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant&#146;s surviving spouse is not the Participant&#146;s sole Designated
 Beneficiary, the Designated Beneficiary&#146;s remaining life expectancy is
 calculated using the age of the Beneficiary in the year following the year of
 the Participant&#146;s death, reduced by one for each subsequent year.</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant dies on or after the date distributions begin and there is no
 Designated Beneficiary as of December 31 of the year after the year of the
 Participant&#146;s death, the minimum amount that will be distributed for each
 distribution calendar year after the year of the Participant&#146;s death is the
 quotient obtained by dividing the Participant&#146;s account balance by the
 Participant&#146;s remaining life expectancy calculated using the age of the
 Participant in the year of death, reduced by one for each subsequent year.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>53</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Death Before Date Distributions Begin.</B> </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant dies before the date distributions begin and there is a
 Designated Beneficiary, the minimum amount that will be distributed for each
 distribution calendar year after the year of the Participant&#146;s death is the
 quotient obtained by dividing the Participant&#146;s account balance by the
 remaining life expectancy of the Participant&#146;s Designated Beneficiary,
 determined as provided in Section 9.7(a). </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant dies before the date distributions begin and there is no
 Designated Beneficiary as of December 31 of the year following the year of
 the Participant&#146;s death, distribution of the Participant&#146;s entire interest
 will be completed by December 31 of the calendar year containing the fifth
 anniversary of the Participant&#146;s death. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(3)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Participant dies before the date distributions begin, the Participant&#146;s
 surviving spouse is the Participant&#146;s sole Designated Beneficiary, and the
 surviving spouse dies before distributions are required to begin to the
 surviving spouse under Section 9.4(b)(1), this Section 9.7(b) will apply as
 if the surviving spouse were the Participant. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>9.8</B></FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><U><B>Definitions.</B></U></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Designated Beneficiary.</B> The individual who
 is designated as the Beneficiary under Section 3.2 and is the designated
 beneficiary under Section 401(a)(9) of the Code and Section 1.401(a)(9)-4, of
 the Treasury regulations.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Distribution calendar year.</B> A calendar year
 for which a minimum distribution is required. For distributions beginning
 before the Participant&#146;s death, the first distribution calendar year is the
 calendar year immediately preceding the calendar year which contains the
 Participant&#146;s Required Beginning Date. For distributions beginning after the
 Participant&#146;s death, the first distribution calendar year is the calendar
 year in which distributions are required to begin under Section 9.4(b). The
 required minimum distribution for the Participant&#146;s first distribution
 calendar year will be made on or before the Participant&#146;s Required Beginning
 Date. The required minimum distribution for other distribution calendar
 years, including the required minimum distribution for the distribution
 calendar year in which the Participant&#146;s Required Beginning Date occurs, will
 be made on or before December 31 of that distribution calendar year. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Life expectancy.</B> Life expectancy as computed
 by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations.
 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2><B>Participant&#146;s account balance.</B> The account
 balance as of the last valuation date in the calendar year immediately
 preceding the distribution calendar year (valuation calendar year) increased
 by the amount of any contributions made and allocated or forfeitures
 allocated to the account balance as of dates in the valuation calendar year
 after the valuation date and decreased by distributions made in the valuation
 calendar year after the valuation date. The account balance for the valuation
 calendar year includes any amounts rolled over or transferred to the Plan
 either in the valuation calendar year or in the distribution calendar year if
 distributed or transferred in the valuation calendar year.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>54</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Election to Allow Participants or
Beneficiaries to Elect 5-Year Rule</U>.</B> Participants
or Beneficiaries may elect on an individual basis whether the 5-year rule or
the life expectancy rule in Sections 9.4(b) and 9.7(b) applies to distributions
after the death of a Participant who has a Designated Beneficiary. The election
must be made no later than the earlier of September 30 of the calendar year in
which distribution would be required to begin under Section 9.4(b), or by
September 30 of the calendar year which contains the fifth anniversary of the
Participant&#146;s (or, if applicable, surviving spouse&#146;s) death. If neither the
Participant nor Beneficiary makes an election under this Section, distributions
will be made in accordance with Sections 9.4(b) and 9.7(b).</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 10</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>TOP HEAVY PROVISIONS</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Preemption</U>.</B> Notwithstanding any provision of the Plan to
the contrary, the provisions of this Article shall govern in the event that the
Plan is Top Heavy as of a Determination Date.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Contribution</U>.</B>
Employer Contributions and forfeitures under this Plan (or any other defined
contribution plan maintained by the Employer or an Affiliate) for any Plan Year
during which the Plan is Top Heavy shall not be less than 3% of the Net
Compensation of each Participant employed on the Anniversary Date who is a
Non-Key Employee whether or not the Participant completed 1,000 or more Hours
of Service during the Plan Year. Employer Contributions for purposes of this
Section 10.2 shall also include matching contributions subject to Section
401(m) of the Code made under any other defined contribution plan maintained by
the Employer or an Affiliate. However, if the largest percentage of Employer
Contributions and forfeitures allocated to any Key Employee is less than 3% of
the maximum amount permitted under Section 401(a)(17) of the Code of such Key
Employee&#146;s Net Compensation for the Plan Year, then the minimum percentage of
Net Compensation that shall be provided for any Non-Key Employee for a Plan
Year is the largest percentage of the maximum amount permitted under Section
401(a)(17) of the Code of Net Compensation allocated on behalf of any Key
Employee for that Plan Year. Any salary deferral under a qualified cash or
deferred arrangement in a plan maintained by the Employer or an Affiliate shall
be deemed to be Employer Contributions for purposes of determining the
percentage of contributions for Key Employees under this Section. When the
Employer or an Affiliate maintains more than one defined contribution plan, any
required minimum contribution shall be made in the defined contribution plans
in the following sequence:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all employee stock
 ownership plans, </FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<P ALIGN=CENTER><FONT SIZE=2>55</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all profit sharing and
 stock bonus plans containing cash or deferred arrangements,</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all money
 purchase pension plans other than money purchase pension plans that are part
 of employee stock ownership plans,</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all profit
 sharing and stock bonus plans other than profit sharing and stock bonus plans
 containing cash or deferred arrangements and employee stock ownership plans.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>If the Employer or an
Affiliate maintains two (2) or more plans in the same category, any required
minimum contribution shall be made to the plans in chronological order as
determined by the effective date of each plan (using the original effective
date of the plan) beginning with the most recently established plan. If a
Participant is also covered by a defined benefit plan maintained by the
Employer or an Affiliate, then for each Plan Year this Plan is Top Heavy the
Participant shall receive an allocation of Employer contributions and
forfeitures under the defined contribution plan described in the preceding
sentence equal to 5% of Net Compensation, in lieu of both the foregoing minimum
contributions and any minimum benefit requirements under the defined benefit
plan.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Vesting</U>.</B> If the
Plan is Top Heavy, a Participant shall have a vested and nonforfeitable
interest in Employer Contributions allocated to the Participant&#146;s account, and
income thereon, in accordance with the schedule that is provided in the Plan,
but which is not less favorable to the Participant than the following:</FONT></P>

<TABLE align=center BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="21%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="27%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Participant&#146;s</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Vested
 and Nonforfeitable</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP nowrap STYLE="BORDER-BOTTOM: sOLID BLACK 1PX">
 <P><FONT SIZE=2>Years of Service</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM: sOLID BLACK 1PX">
 <P ALIGN=CENTER><FONT SIZE=2>Percentage</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#D6F3E8">
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Less than 2
 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;&nbsp;0%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>2 years but
 less than 3 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;20%</FONT></P>
 </TD>
 </TR>
  <TR BGCOLOR="#D6F3E8">
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>3 years but
 less than 4 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;40%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>4 years but
 less than 5 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;60%</FONT></P>
 </TD>
 </TR>
  <TR BGCOLOR="#D6F3E8">
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>5 years but
 less than 6 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>&nbsp;80%</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>6 or more
 years</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>100%</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>56</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>For purposes
of this Section, Years of Service shall be determined in accordance with the
general vesting provisions of the Plan.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 11</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>CLAIMS PROCEDURE</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Claims
for Benefits</U>.</B> A
Participant or Beneficiary may make a claim for Plan benefits, if the Employer
has not initiated such process, by filing a written request with the Employer
on a form to be furnished for such purpose. The Participant or Beneficiary
shall also furnish such additional information as may be reasonably necessary
to establish a right to a benefit under the Plan. If a claim is incomplete, the
Employer shall provide a notice to the Participant or Beneficiary as soon as
administratively feasible, but in no event later than required by law or
regulation.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Denial
of Benefits</U>.</B> If a
claim for benefits is wholly or partially denied, the Employer shall furnish to
the claimant a notice of the decision, meeting the requirements stated below
within 90 days after receipt of the claim by the Plan (45 days if the claim
involves a determination of Disability). If special circumstances require more
than 90 days to process the claim, this period may be extended for up to an
additional 90 days (with an additional extension of 30 days if special
circumstances exist) by giving written notice to the claimant before the end of
the initial 90-day period, stating the special circumstances requiring the
extension and the date by which a decision is expected. If the claim involves a
determination of Disability and special circumstances require more than 45 days
to process the claim, this period may be extended for up to an additional 30
days (with an additional extension of 30 days if special circumstances exist)
by giving written notice to the claimant before the end of the initial 45-day
period, stating the special circumstances requiring the extension and the date
by which a decision is expected. In the case of any extension involving a claim
of Disability, the notice of extension shall specifically explain the standards
on which entitlement to a benefit is based, the unresolved issues that prevent
a decision on the claim, and the additional information needed to resolve those
issues, and the claimant will be given at least 45 days within which to provide
the specified information. In all cases, failure to provide a notice of
decision in the time specified shall constitute a denial of the claim, and the
claimant shall be entitled to require a review of the denial under the review
procedures specified below.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>57</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
notice to be provided to every claimant who is denied a claim for benefits
shall be in writing and shall set forth in a manner calculated to be understood
by the claimant, the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>the specified reason or
 reasons for the denial;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>specific reference to
 pertinent Plan provisions on which the denial is based;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a description of any
 additional material or information necessary for the claimant to perfect the
 claim and an explanation of why such material or information is necessary;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>an explanation of the
 Plan&#146;s claim review procedure describing the steps to be taken by a claimant
 who wishes to submit a claim for review;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a statement describing the
 claimant&#146;s right to initiate a lawsuit under Section 502(a) of the Employee
 Retirement Income Security Act of 1974 if the appeal is unfavorable to the
 claimant; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>for any denial of a claim
 involving Disability where the Employer relied upon an internal rule,
 guideline, protocol, or other similar criterion in making the adverse
 determination, the notice shall set forth the specific rule, guideline,
 protocol, or other similar criterion or a statement that such a rule,
 guideline, protocol, or other similar criterion was relied upon in making the
 adverse determination and a statement that a copy of such rule, guideline,
 protocol, or other criterion will be provided free of charge to the claimant
 upon request. If the adverse benefit determination is based on a medical
 judgment, the notice also shall set forth an explanation of the scientific or
 clinical judgment for the determination, applying the Plan&#146;s terms to the
 claimant&#146;s medical circumstances, or a statement that such explanation will
 be provided free of charge upon request.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Review
Procedure</U>.</B> The
purpose of the review procedure set forth herein is to provide a procedure by
which a claimant may have a reasonable opportunity to appeal a denial of a
claim to the Employer for a full and fair review. To accomplish that purpose,
the claimant or duly authorized representative:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>may request a review upon
 written application to the Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>may review pertinent Plan
 documents; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>may submit issues and
 comments in writing.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>58</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>A claimant (or duly
authorized representative) shall request a review by filing a written application
for review with the Employer at any time within 60 days after receipt by the
claimant of written notice of the denial of the claim (180 days if the denial
involves a claim based on Disability).</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the denial involved a claim based on Disability, the review of the Employer&#146;s
initial adverse benefit determination shall not afford deference to such
determination and shall be conducted by a fiduciary of the Plan who is neither
the individual who made the initial adverse benefit determination nor a
subordinate of that individual. In deciding an appeal of any initial adverse
benefit determination that is based, in whole or in part, on a medical
judgment, the fiduciary shall consult with a health care professional who has
appropriate training and experience in the field of medicine involved in the
medical judgment. The medical or vocational experts whose advice was obtained
on behalf of the Employer in connection with its adverse benefit determination
shall be identified to the claimant or the claimant&#146;s authorized
representative, regardless of whether the Employer relied upon the advice in
making the benefit determination. The health care professional whom the
fiduciary consults in making his review of the Employer&#146;s initial adverse
benefit determination shall be an individual who is neither an individual whom
the Employer consulted in connection with the adverse benefit determination
that is the subject of the appeal, nor the subordinate of any such individual.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Decision
on Review</U>.</B> The
decision on review of a denied claim shall be made in the following manner:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The decision on review
 shall be made by the Employer, which may hold a hearing on the denied claim.
 The Employer shall make its decision promptly, which shall ordinarily be not
 later than 60 days (45 days if the denial involved a claim based on
 Disability) after the
 Employer&#146;s receipt of the request for review, unless special circumstances
 (such as the need to hold a hearing) require an extension of time for processing.
 In that case, a decision shall be rendered as soon as possible, but not later
 than 120 days after receipt of the request for review. If an extension of
 time is required due to special circumstances, written notice of the
 extension shall be furnished to the claimant prior to the time the extension
 commences.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<P ALIGN=CENTER><FONT SIZE=2>59</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The decision on review
 shall be in writing and shall include specific reasons for the decision,
 written in a manner calculated to be understood by the claimant, and specific
 references to the pertinent Plan provisions on which the decision is based.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>In the case of a decision
 on review upholding the Employer&#146;s initial denial of a claim based on
 Disability, the fiduciary&#146;s notice of its decision on review shall set forth the
 following information:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the adverse benefit
 determination is based on a medical judgment, the notice also shall set forth
 and explanation of the scientific or clinical judgment for the determination,
 applying the Plan&#146;s terms to the claimant&#146;s medical circumstances, or a
 statement that such explanation will be provided free of charge upon request;
 and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In addition, the notice
 shall include the following statement: &#147;You and your Plan may have other
 voluntary alternatives dispute resolution of terms, such as mediation. One
 way to find out what may be available is to contact your local U.S.
 Department of Labor office and your State insurance regulatory agency.&#148;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>In the event the decision
 on review is not furnished to the claimant within the time required, the
 claim shall be deemed denied on review.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 12</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ADMINISTRATIVE COMMITTEE</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment</U>.</B> The Employer, in its capacity as named
fiduciary of the Plan, may appoint a separate Administrative Committee of one
or more members to perform the functions of the Employer under the Plan, in
which event the following provisions will apply. Such a Committee may be
designated as the administrator of the Plan. In the absence of such
appointment, the Employer shall be the administrator of the Plan.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation
and Termination</U>.</B>
A member of the Committee may resign at any time by notifying the Employer in
writing. The Employer may terminate a member of the Committee at any time by
notifying the member in writing.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Chairman
and Agents</U>.</B> If
there is more than one member, the Committee shall elect a chairman who shall
be one of the members of the Committee. The Committee may authorize one or more
of its members or any agent to execute or deliver any instrument on behalf of
the Committee, including directions to the Trustee as to the disbursement of
the Trust.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>60</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Meetings</U>.</B> The Committee shall hold such meetings upon
such notice and at such place or places and at such time or times as it may
from time to time determine. A majority of members then serving on the
Committee shall constitute a quorum for the conduct of business and the
affirmative vote of a majority of the members present at any meeting shall be
necessary to approve action taken at the meeting. Action by the Committee may
be taken without a formal meeting by the written authorization of all the
members thereof.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Records</U>.</B> The Committee shall keep all records
appropriate for the performance of its powers and duties under the Plan and may
keep appropriate written records of its meetings.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6&nbsp;&nbsp;&nbsp;&nbsp;<U>Powers</U>.</B> The Committee shall have full power and
authority to do each and every act and thing which it is specifically required
or permitted to do under the provisions of the Plan and in addition thereto
shall have the following discretionary powers and duties in connection with the
administration of the Plan:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to adopt from time to time
 such bylaws, procedures and forms as the Committee considers appropriate in
 the operation and administration of the Plan and Trust;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to determine vested
 amounts in individual cases and to direct the Trustee as to the distribution
 of benefits and as to the payment of other amounts payable from the Trust in
 accordance with the provisions of the Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to establish rules and
 procedures needed for its administration of the Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to receive information and
 review copies of all records of Participant Contributions and Employer Contributions
 and Trust accountings;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to pay all reasonable and
 necessary expenses of the Plan from the assets of the Trust to the extent
 that they are not paid by the Employer;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to exercise general
 administration of the Plan except to the extent responsibilities are
 expressly conferred on others;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(g)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to be the designated agent
 of the Plan for the service of legal process, or to designate the Employer or
 some other individual or committee to be the designated agent for the service
 of legal process;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(h)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to establish a funding
 policy and communicate this policy to the Trustee;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to approve or deny claims
 for Plan benefits made by Participants and Beneficiaries;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(j)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to review appeals made by
 Participants or Beneficiaries (&#147;claimants&#148;) who have had their claims for
 benefits under the Plan denied in whole or in part;</FONT></P>
 </TD>
 </TR>
 </TABLE>
<P ALIGN=CENTER><FONT SIZE=2>61</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>



<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(k)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>in determining whether
 claimants are entitled to benefits under this Plan or in accordance with
 paragraphs (i) and (j) above, the Committee shall rely first, on official
 Employer records; second, on questionnaires completed by Participants if such
 questionnaires are provided to Participants by the Committee; and third, on
 such other proof as appears appropriate to the Committee in a given case.
 However, in resolving disputes which arise as to facts which must be
 established in reaching said decisions, the Committee shall rely on the
 source or sources that it considers to provide the best evidence of the facts
 in question;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(l)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to determine conclusively
 for all parties all questions arising in the interpretation or administration
 of the Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(m)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to employ a qualified
 investment manager to manage all or part of the Plan assets if that is deemed
 to be in the interests of the Plan&#146;s Participants and Beneficiaries by the
 Committee;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(n)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to allocate fiduciary
 duties and responsibilities (other than Trustee responsibilities) among
 members of the Committee or other named fiduciaries appointed by the
 Committee to act in such capacity and to designate persons other than named
 fiduciaries to carry out fiduciary responsibilities (other than Trustee
 responsibilities) under the Plan to the extent that it is deemed advisable by
 the Committee. For purposes of this subparagraph, Trustee responsibility shall
 mean any responsibility provided in the Trust to manage or control the assets
 of the Plan, other than power of the Committee to appoint an investment
 manager in accordance with Section 402(c)(3) of the Employee Retirement
 Income Security Act of 1974. Before the Committee delegates any duties or
 responsibilities as provided herein, it must first obtain approval for such
 delegation from the Board of Directors of the Employer. The Committee shall
 periodically review the performance of any person to whom it has delegated
 such responsibilities. It is intended under this Plan and Trust that each
 fiduciary shall be responsible for the proper exercise of its own powers,
 duties, responsibilities and obligations under this Plan and the Trust, and
 shall not be responsible for any act or failure to act of another fiduciary.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation</U>.</B> No member of the Committee shall receive any
compensation from the Trust for services provided.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnity</U>.</B> The Employer shall indemnify each member of
the Committee against any and all claims, loss, damages, expenses (including
counsel fees approved by the Committee), and liability (including any amounts
paid in settlement with the Committee&#146;s approval) arising from any loss or
damage or depreciation which may result in connection with the execution of the
Committee&#146;s duties or the exercise of the Committee&#146;s discretion or from any
other action or failure to act hereunder, except when the same is judicially
determined to be due to gross negligence or willful misconduct of such member.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9&nbsp;&nbsp;&nbsp;&nbsp;<U>Powers
Denied</U>.</B> No action
of the Committee shall:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>alter the
 amount of contributions otherwise payable to the Plan;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>62</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>cause the
 Plan and Trust to fail to qualify under Sections 401(a) and 501(a) of the
 Code, or cause any portion of Employer Contributions to the Plan to fail to
 be deductible by the Employer under Section 404(a) of the Code;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>increase the
 duties or liabilities of the Trustee without its written consent; or</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>cause the
 funds contributed to this Trust or the assets of this Trust to ever revert to
 or be used or enjoyed by the Employer, except as provided in this Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Action
When There is a Vacancy</U>.</B> If at any time there
should be a vacancy on the Committee, then pending the appointment of a
successor to fill such vacancy, the remaining members shall have the power to
act on behalf of the Committee, provided, however, that whenever there are less
than 3 members, the action must be taken by unanimous vote.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Settlement
of Claims</U>.</B> The Committee shall have the power to
accept, compromise, arbitrate, or otherwise settle any obligation, liability or
claim, but it shall not be obligated to do so unless, in its sole judgment, it
is in the interest of the Plan or Trust to do so.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Discretionary
Powers</U>.</B> Whenever in this Plan and Trust
discretionary powers are given to the Committee, it shall have absolute
discretion, and its decision shall be binding upon all persons affected
thereby. The Committee shall exercise its discretion in a nondiscriminatory
manner.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
of Professionals and Assistants</U>.</B> The Committee
shall have the power:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to secure
 such legal, medical, and actuarial advice or assistance as it deems necessary
 or desirable in carrying out the provisions of the Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>to appoint
 or employ such other advisors or assistants as it deems necessary or
 desirable to carry out its duties.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>The Committee
shall have full discretion to employ any person or firm that it deems qualified
to supply any of the required services set forth above; provided, however, that
the person or firm so employed shall be independent of the control of the
Employer and, where required, shall have all necessary licenses to practice
their profession.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bond</U>.</B>
To the extent not exempted by law or regulation, the Employer shall obtain a
fidelity bond that shall cover every Employee who is a fiduciary of the Plan
and every Employee who handles funds or other property of the Plan (&#147;Plan
official&#148;). Each fiduciary and Plan official shall be bonded in an amount which
is not less than the greater of 10% of the assets of the Plan or $1,000,
provided, however, that bonding in excess of $1,000,000 (or $500,000 if the
Plan holds no Employer Securities) shall not be required. Said bond will insure
the Plan against loss by reason of acts of fraud or dishonesty on the part of every
fiduciary and Plan official, directly or through connivance with others.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>63</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 13</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>TRUSTEE</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duty
and Liability of Trustee</U>.</B> The Trustee shall
discharge its duties with respect to this Plan solely in the interests of the
Participants and Beneficiaries and for the exclusive purpose of providing
benefits to Participants and their Beneficiaries and defraying reasonable
expenses of administering the Plan. The Trustee shall have generally all of the
powers of owners with respect to securities or properties held in the Trust
Fund, but shall not be liable for any losses incurred upon investments, except
to the extent such Trustee failed to diversify the investments of the Plan so
as to minimize the risk of large losses (unless under the circumstances it is
clearly prudent not to do so), or failed to manage the investments of the Plan
with the care, skill, prudence and diligence under the circumstances then
prevailing that a prudent person acting in a like capacity and familiar with
such matters would use in the conduct of an enterprise of a like character and
with like aims. Except to the extent such duties may be expressly allocated to
the Trustee, the Trustee in its capacity as such shall have no authority or
responsibility with respect to the operation and administration of the Plan.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Scope of Powers</U>.</B> The Trustee shall have all powers
necessary for the performance of its duties. In extension, but not in
limitation of the rights, powers and discretions conferred upon the Trustee by
virtue of any statute or rule of law, or conferred upon the Trustee by other
provisions of this Plan and Trust, the Trustee shall have and may exercise from
time to time in the administration of the Trust herein created and for the
purpose of distribution after the termination thereof and for the purpose of
distributing any matured Beneficial Interest after the maturity thereof, and
without order or license of any court, any one or more of the following rights,
powers and discretions:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Purchase Employer Securities.</B> To purchase
 Employer Securities with cash contributed to the Plan and to make other
 investments of funds in accordance with this Article.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>64</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Pay Costs of Purchase.</B> To pay for
 brokerage commissions, taxes, and other charges and expenses incurred in
 connection with the purchase of Employer Securities and add such items to the
 cost thereof.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Carry Securities in Nominee Form.</B> To
 purchase, hold and carry investments for the Trust Fund including Employer
 Securities in the name of the Trustee, or in the name of any nominee or
 nominees selected by the Trustee, without Trust designation in any said case,
 and to invest funds of the Trust in deposits, including savings accounts,
 savings certificates, and similar interest-bearing instruments or accounts in
 itself or its affiliates, provided that such deposits bear a reasonable rate
 of interest.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Determine Beneficial Interests.</B> To
 compute and determine, in a fair and nondiscriminatory way, the interest of
 Participants and Beneficiaries in the Trust Fund in the event of a
 termination of the Trust, or in the event of the maturity of the Beneficial
 Interests or for any other purpose, and any such computation or determination
 made in good faith shall be binding and conclusive upon all parties to this
 Plan and Trust and upon all persons interested or who may become interested
 in the Trust Fund.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Vote Employer Securities.</B> To exercise
 voting rights with respect to Employer Securities in accordance with the
 provisions of Section 6.4.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Exercise Powers of Owners in Cases of Reorganization, Merger and
 the Like. </B>To institute, participate and join in any
 plan of reorganization or readjustment or merger or consolidation of any
 corporation, the securities of which are held by the Trust Fund, or to use
 any other means of protecting or dealing with any investments of the Trust
 Fund, and in general, to exercise each and every other power or right with
 respect to each investment of the Trust Fund as individuals generally have
 and enjoy with respect to their own investments and securities, including the
 power to give proxies, with or without power of substitution or revocation,
 and to deposit securities with any protective committee or with a trustee or
 with depositories designated by any such committee or by any such trustee or
 by any court.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(g)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Segregate Funds for Proper Purposes.</B> To
 segregate any parts or portion of the Trust Fund for the purposes of
 administration thereof, or for purposes of distribution, or for any other
 purpose deemed proper by the Trustee; provided always that the Trustee may,
 except only to the extent that the foregoing power is exercisable by the
 Trustee, hold, manage, control, invest and reinvest the Trust Fund and the
 Beneficial Interests of the various Participants therein as a common fund,
 reflecting upon its records and books from time to time appropriate parts or
 portions of principal or income apportionable to the several Beneficial
 Interests.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(h)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Sue and Defend and be Indemnified on that Account.</B>
 To institute or defend any proceedings at law or in equity concerning the
 Trust Fund or the assets thereof at the sole cost and expense of the Trust
 Fund, and of the several Beneficial Interests involved or concerned therein,
 and to compromise, settle and adjust any claims or liabilities asserted by or
 against the Trust Fund or the Trustee on such terms and for such sums or
 amounts as the Trustee in its absolute discretion, shall deem proper, but the
 Trustee shall be under no duty or obligation to institute, maintain, or
 defend any suit, action or other legal proceedings except and unless the
 Trustee shall have been indemnified to the Trustee&#146;s satisfaction against all
 expenses and liabilities which the Trustee may sustain or anticipate by
 reason thereof. The Trustee shall not have the duty or obligation to sue or
 otherwise seek enforcement of Employer Contributions that are or may be due
 the Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>65</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Sell or Otherwise Dispose of Assets.</B> To
 sell, exchange, or otherwise dispose of any investment of the Trust Fund, or
 of the several Beneficial Interests, for such price and on such terms as the
 Trustee in the Trustee&#146;s absolute discretion shall elect, without regard to
 whether the time of payment provided in any said sale shall be greater than
 the probable or actual duration of the Trust herein created or not.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(j)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Employ Agents, Servants and Attorneys.</B> To
 select and employ or retain such agents, servants, or attorneys as the
 Trustee from time to time may deem necessary or advisable in connection with
 the management and operation of the Trust herein created, and to pay the
 fees, commissions, or salaries incurred on account thereof as an expense of
 administration of the Trust.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(k)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Value Assets and the Trust Fund.</B> To fix
 and determine, at the current fair market value thereof, the value of the
 Trust Fund annually and from time to time as may be necessary or advisable,
 in the Trustee&#146;s opinion, for any of the purposes of this Plan and Trust,
 including power to fix and determine, in a fair and nondiscriminatory way
 selected by the Trustee, the then fair market value of each and every item
 constituting the Trust, the items composing the same, including powers, upon
 maturity of a Beneficial Interest, to select and determine, in a fair and
 nondiscriminatory way, the assets of the Trust Fund to be set apart into and
 to constitute said matured Beneficial Interest and the value of the items so
 set apart for that purpose, and any such computation, determination, or
 action of the Trustee made in good faith shall be binding and conclusive upon
 all parties to this Plan and Trust and upon all persons interested or who may
 become interested, directly or indirectly, in the Trust hereby created.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(l)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Determine Complex Questions of Income and Principal.</B>
 To determine, in accordance with sound business or accounting practices, with
 respect to any receipt of the Trust Fund or of the separate Beneficial
 Interests of Participants therein, and without regard to statutes or rules of
 law that otherwise would be controlling, the part or portion thereof which is
 income and the part or portion thereof which is principal, and to charge or
 credit to principal or income, as the Trustee may from time to time elect (without
 duty or obligation to exercise this power uniformly in all cases) any
 premiums paid or received or discounts received or allowed in connection
 with, or any gain or loss resulting from the purchase, sale, call, redemption
 or payment of any security or investment acquired, held, or disposed of by
 the Trust Fund.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(m)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Require Settlement and Allowance of Accounts Before Making
 Distribution.</B> In making distribution of any
 Beneficial Interest, to demand and receive from the Participant or other
 person or persons entitled to receive the same, a complete settlement and
 accounting, before the Trustee shall be obligated to pay, distribute, or make
 available any part thereof to said Participant or to said person or persons.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(n)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Form and Method of Accounting.</B> To select and
 determine the appropriate forms, methods and books of account for use by the
 Trustee in the management and administration of the Trust herein created and
 for the purpose of accounting for the same.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>66</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="90%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(o)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Compensation and Payment of Fees and Expenses.</B>
 To receive reasonable compensation for the Trustee&#146;s services as Trustee
 hereunder, and to pay from out of the Trust Fund all costs, fees, expenses,
 taxes, and other charges and expenses of administration and distribution of
 the Trust Fund and of the separate Beneficial Interests to the extent that
 they are not paid directly by the Employer, and the Trustee shall further be
 entitled to reimbursement for or on account of any said item of disbursement
 from and out of the Trust Fund from time to time held by the Trustee,
 distributing the same ratably over the separate Beneficial Interests of
 Participants in accordance with the ratio of their separate Beneficial
 Interests to the sum total of all said Beneficial Interests; provided, however,
 the Committee may establish uniform rules allowing for the payment of certain
 costs, fees, expenses, taxes, and other charges on a per capita basis,
 provided such payments are consistent with Department of Labor Field
 Assistance Bulletin 2003-3.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(p)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Borrow and Advance Funds.</B> The Trustee is
 authorized in the Trustee&#146;s discretion to borrow money from others and to
 secure advances to the Trust Fund at any time and from time to time upon such
 terms and conditions as the Trustee deems best, and for the sum so borrowed
 or advanced, the Trustee may issue the Trustee&#146;s promissory note as the
 Trustee and secure the repayment thereof by the pledging of any securities or
 other property in the Trustee&#146;s possession as Trustee hereunder, and may pay
 interest thereon for any monies borrowed from others or advanced by it for
 the benefit of the Trust. Exempt Loans by the Trustee shall be made in
 accordance with Section 6.1.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(q)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Life Insurance.</B> The Trustee is authorized to
 purchase life insurance contracts on the lives of Participants as a general
 Trust Fund investment; provided, however, that proceeds from an Exempt Loan
 shall not be used by the Trustee to purchase life insurance. Such investments
 are intended to indemnify the Trust for the potential loss of Employer
 Contributions in the event of a Key Employee&#146;s premature death.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(r)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>To Hold and Deposit Funds.</B> To hold
 uninvested such cash funds as may appear reasonably necessary to meet the
 anticipated cash requirements of the Plan from time to time, and to deposit
 such funds or any part thereof, either separately or together with other
 trust funds under the control of the Trustee, in its own deposit department
 or to deposit the same in the name of the Trustee in such other depositories
 as may be selected.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the foregoing rights, powers and discretions conferred upon the Trustee and
each and every power possessed by trustees generally by virtue of any statute
or rule of law or other provisions of this Plan and Trust shall be
discretionary powers exercisable by the Trustee, and the Trustee shall in no
event be or become liable to anyone on account of the exercise of any said
power in good faith.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>67</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment
Powers</U>.</B> Except as otherwise provided in this
Article, the Trustee shall have the exclusive authority and discretion to
invest and reinvest the income of the Trust in real and personal property of
any kind, including the commingled common funds of any corporate trustee, and
&#147;qualifying employer securities&#148; and/or &#147;qualifying employer real property,&#148; as
defined in Section 407(d) of the Employee Retirement Income Security Act in
amounts up to 100% of Trust assets. The Plan is designed to invest primarily in
Employer Securities, and the Trustee shall not be limited by the laws of any
state proscribing or limiting the investment of trust funds by trustees, either
as to types of investments or as to diversification of investments.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employer may instruct the Trustee as to investments (including the acquisition,
sale or retention of specific assets), disbursements or any other matter that
comes within the powers granted to the Trustee under this Plan. When the
Employer does instruct the Trustee, the Trustee shall have no responsibility or
accountability for making any investment, for retaining any investment, for
making any disbursement or for doing any other act directed by the Employer
other than to comply with the instructions of the Employer. The Trustee may
rely upon any instruction from the Employer given to it in writing and shall be
under no duty to inquire as to the action taken.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment
of Investment Manager</U>.</B> The Employer may appoint
one or more parties that are investment managers as defined in the Employee
Retirement Income Security Act of 1974, as amended, to have power to manage,
acquire, or dispose of all or part of the Trust Fund. The appointment of any
such investment manager and investment of the Trust Fund pursuant to such
appointment shall be subject to the following:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Written
 notice of each such appointment shall be given to the Trustee a reasonable
 time in advance of the date that the investment manager first exercises the
 power granted to it. Such notice shall state what portion of the Trust Fund
 is to be invested by the manager and shall direct the Trustee to segregate
 such portion of the Trust Fund into a separate account for such investment
 manager.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The Trustee
 shall not act on any direction or instruction of the investment manager until
 the Trustee has been furnished with an acknowledgment in writing by the
 investment manager that it is a fiduciary with respect to the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>There shall
 be a written agreement between the Employer and each investment manager. The
 Trustee shall receive a copy of each agreement and all amendments thereto and
 shall give written acknowledgment of receipt of same.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>68</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>More
Than One Trustee</U>.</B> Whenever there are 2 or more
Trustees acting hereunder, a majority in number of the Trustees acting at any
given time hereunder shall govern as to any and all business relating to this
Trust, and a decision of the majority in number of the Trustees shall be
binding and conclusive.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Individual
Trustees</U>.</B> No individual Trustee shall have any
right, as such Trustee, to make any decision or to take any action respecting
the Trustee&#146;s rights of participation hereunder, and all matters respecting an
individual Trustee&#146;s position as a Participant shall be decided by the
remaining Trustee or Trustees, if any, or, if there is no other Trustee, by the
Employer. However, no individual Trustee who is an Employee shall receive any
compensation from the Trust for services provided as Trustee, except to
reimburse the individual for expenses actually incurred.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Account</U>.</B> The Trustee shall account annually for
the Trust Fund and for its various transactions in connection therewith to the
Employer.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Person
Dealing with Trustee</U>.</B> No purchaser at any sale
made by the Trustee hereunder, and no person, firm, or corporation dealing with
the Trustee shall be obligated to see to the application of any money or
property paid or delivered to the Trustee. All persons dealing with the Trustee
may act in reliance upon the signature of the Trustee and shall not be bound to
inquire as to whether or not said signature represents valid action by the
Trustee.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Prohibited
Transactions</U>.</B> Except as may be expressly permitted
by law, no Trustee or other fiduciary hereunder shall permit the Plan to
engage, directly or indirectly, in any of the following transactions with a
Disqualified Person:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="89%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>sale or
 exchange, or leasing, of any property between the Plan and a Disqualified
 Person;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>lending of
 money or other extension of credit between the Plan and a Disqualified
 Person;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>furnishing
 of goods, services or facilities between the Plan and a Disqualified Person;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>transfer to,
 or use by or for the benefit of, a Disqualified Person of the income or
 assets of the Plan;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>act by a
 Disqualified Person who is a fiduciary whereby the fiduciary deals with the
 income or assets of the Plan in the fiduciary&#146;s own interest or for the
 fiduciary&#146;s own account; or</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>69</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>receipt of
 any consideration for the fiduciary&#146;s own personal account by any
 Disqualified Person who is a fiduciary from any party dealing with the Plan
 in connection with a transaction involving the income or assets of the Plan.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnity</U>.</B>
The Employer shall indemnify, save and hold harmless, jointly and severally,
the Trustee, other than a corporate Trustee, from any and all loss, damage and
liability which the Trustee may incur or sustain, arising out of the
performance of the Trustee&#146;s duties under the Plan, except to the extent that
they result from the willful misconduct or gross negligence or lack of good
faith of the Trustee. Except to the extent otherwise required under the
Employee Retirement Income Security Act of 1974 or other applicable law, the
Trustee shall not be liable for the acts or omissions of third parties.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Resignation
and Appointment</U>.</B> The Trustee, or any successor
Trustee, must accept its appointment in writing. The Trustee, or any successor
Trustee, may resign as Trustee of this Trust at any time by giving 30 days&#146;
notice of resignation by registered mail to the Employer, or such shorter
notice as may be agreed to by the Employer. Upon such resignation becoming
effective, the resigning Trustee shall render to the Employer an account of the
administration of the Trust during the period following that covered by the
most recent account, and shall perform all acts necessary to transfer the
assets of the Trust to the successor Trustee. In the event of the resignation
of the original or any successor Trustee, the Employer shall have the power to
appoint a successor Trustee. The Employer shall also have power at any time to
appoint a Co-Trustee or Co-Trustees. No successor Trustee shall be or become
liable for any action or default of a prior Trustee.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
of Trustee</U>.</B> The Employer may remove a Trustee or
any successor Trustee at any given time upon 30 days&#146; notice of removal by
registered mail to the Trustee, or such shorter notice as may be agreed to by
the Trustee. In case of such removal, the Trustee shall be under the same duty
to account for and transfer assets of the Trust to a successor as hereinabove
provided in the case of the resignation of a Trustee; and the Employer shall
have the same power to appoint a successor Trustee.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Continuation
of the Trust</U>.</B> Resignation, disqualification,
liability or removal of a Trustee shall not terminate the Trust; and any
successor Trustee, corporate or individual, shall have all powers, duties and
discretions herein conferred upon the original Trustee.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>70</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 14</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>CLAIMS AGAINST THE TRUST FUND</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Anti-Alienation of Benefits</U>.</B> Except as
otherwise provided herein, no Participant or Beneficiary shall have any
transmissible interest in the Trust Fund or in the Participant&#146;s separate
Beneficial Interest therein, either before or after the vesting thereof, or in
any of the assets comprising the same prior to actual payment and distribution
thereof, and shall have no power to alienate, dispose of, pledge or encumber
the same, while in the possession or control of the Trustee, nor shall the
Trustee recognize any assignment thereof, either in whole or in part, nor shall
the interest of any Participant or Beneficiary be subject to attachment,
garnishment, execution or other legal process while in the hands of the
Trustee.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Charge for Litigation</U>.</B> In the event
that any Participant or any person claiming by or through a Participant should
commence any equitable or legal proceedings against the Trustee, the result of
which is adverse to the plaintiff, or in the event that the Trustee should find
it necessary to commence any such proceeding against any Participant or any
person claiming by or through a Participant, the result of which is adverse to
the defendant, the cost to the Trustee of defending or bringing the proceeding,
as the case may be, shall be charged, to the extent possible and permitted by
law, to the account of the Participant and only the excess of such cost over
the amount of the Participant&#146;s account shall be included as an expense of
administration.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Qualified Domestic Relations Orders</U>.</B>
Notwithstanding any provision to the contrary herein, the Employer may assign
the interest of a Participant in the Plan (or in a successor plan of the
Employer or in the plan of a successor Employer) to an Alternate Payee pursuant
to a Qualified Domestic Relations Order. In the event the Plan receives a
Qualified Domestic Relations Order with respect to a Participant&#146;s interest in
the Trust Fund, the following provisions shall apply:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>

 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="82%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>


 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Employer
 shall promptly give written notification to the Participant and to the
 Alternate Payee of receipt of a domestic relations order and of Plan
 Qualification Procedures. The Employer shall then proceed with Qualification
 Procedures to determine whether the order is a Qualified Domestic Relations
 Order and shall notify the Participant and Alternate Payee (or the Alternate
 Payee&#146;s designated representative) of its determination.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>71</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Disputed
 funds shall be disposed of as follows:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>During the
 period in which the Qualification Procedures are in progress, the Employer
 shall separately account for any amounts which would be payable to an
 Alternate Payee if the domestic relations order is determined to be a
 Qualified Domestic Relations Order.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the order
 is determined to be a Qualified Domestic Relations Order within the 18-month
 period beginning on the date the first payment would be required to be made
 under the order, the Employer shall pay the amounts designated in the Order,
 together with earnings or losses, if required, to the Alternate Payee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If the
 Employer determines that the order is not a Qualified Domestic Relations
 Order, or if the 18-month period described in paragraph (i) above elapses and
 the qualification dispute has not been resolved, the Employer shall pay such
 amounts, together with earnings or losses, if required, to the persons who
 would have received the amounts if the order had not been issued.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(iv)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>If an order
 is qualified after expiration of the 18-month period described in paragraph
 (i) above, payment of benefits to an Alternate Payee shall proceed
 prospectively and the Plan shall not be liable to an Alternate Payee for
 benefits attributable to the period prior to qualification.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>The Employer
 shall obey a Qualified Domestic Relations Order requiring that benefits be
 paid to an Alternate Payee beginning on a date on or after the Participant&#146;s
 Earliest Retirement Age, even though the Participant does not have a
 Termination of Employment on that date. If the Alternate Payee under a
 Qualified Domestic Relations Order cannot be located, the Employer may either
 maintain a separate accounting of the amount which would have been paid to
 such Alternate Payee, or reallocate such amount among the accounts of
 Participants as a reduction of the Employer contribution. If the Alternate
 Payee is thereafter located, the reallocated amount shall be reinstated for
 the benefit of the Alternate Payee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Payment of
 benefits pursuant to a Qualified Domestic Relations Order shall be made only
 as permitted under the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(e)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>To the
 extent permitted by law and except as otherwise provided under a Qualified
 Domestic Relations Order, the Employer may, on a uniform basis, charge the
 reasonable and necessary expenses associated with the review of a domestic
 relations order and the implementation of a Qualified Domestic Relations
 Order to the Plan. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(f)</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 April 6, 2007, a domestic relations order that otherwise satisfies the
 requirements for a Qualified Domestic Relations Order will not fail to be a
 Qualified Domestic Relations Order: (i) solely because the order is issued
 after, or revises, another domestic relations order or Qualified Domestic
 Relations Order; or (ii) solely because of the time at which the order is
 issued, including issuance after the Participant&#146;s death.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>72</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Independent Fund</U>.</B> In the event the
Employer shall at any time go out of business, cease to exist, be dissolved,
either voluntarily or involuntarily, or have a receiver or trustee in
bankruptcy appointed for it, or be merged or consolidated into or with another
company, no part of the Trust Fund created hereunder or of any of the separate
Beneficial Interests of Participants shall in any manner whatsoever be or
become subject to the rights or claims of any of its creditors, but the Trust
herein created from its inception shall be a separate entity, aside and apart
from the Employer and its assets, and the Employer shall have no claim or right
to repossess any part of the funds or properties of the Trust or of the income
derived therefrom. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Payments Delayed Due To Disputes</U>.</B> If
the Employer determines there is a dispute concerning the payment of benefits
to a Beneficiary or Beneficiaries, or concerning the qualification of a
domestic relations order under Section 414(p) of the Code, the Employer may
delay any payment that would otherwise be made under the Plan until the Employer,
in its discretion, determines that the dispute has been resolved. The Employer
may, in its discretion, file an interpleader action in federal court, naming
the parties to the dispute, and may pay the disputed amount into the court to
be distributed in accordance with the court&#146;s decision.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 15</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>MILITARY SERVICE AND LEAVE OF ABSENCE</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>15.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Compulsory Military Service</U>.</B> Any
Employee or Participant who, through the operation of a compulsory service law
of the United States of America, enters the armed forces or government service
of the United States shall be presumed for purposes of this Plan to be on leave
of absence with the consent of the Employer, provided the individual returns to
and reenters the employ of the Employer within such time after discharge or
separation from military service as may entitle the individual to reemployment
under law. Such leave of absence shall continue from the date of entry into
such armed forces or government service until the date on which employment
resumes with the Employer in accordance with the preceding sentence.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>73</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>15.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Voluntary Military Service</U>.</B> Any
Employee or Participant who voluntarily enters the armed forces of the United
States, or who is ordered to an initial period of active duty as a member of a
reserve component of the armed forces of the United States or to full-time
training or other full-time duty as a member of the National Guard shall be
presumed for purposes of the Plan to be on leave of absence with the consent of
the Employer, provided that: (1) military service does not exceed the maximum
period which the individual could complete and remain entitled to reemployment
with the Employer under law, and (2) the individual returns to and reenters the
employ of the Employer within such time following discharge or separation from
such military services as may entitle the individual to reemployment under law.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>15.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Participation During Leave of Absence</U>.</B>
If a Participant is on leave of absence with the consent of the Employer, or is
on leave of absence because of military or government service as described in
this Article, the individual shall remain a Participant during the period of
such leave of absence. However, during the period of such leave of absence,
Employer Contributions shall only be made and amounts allocated on behalf of
such Participant on account of Compensation actually paid to the Participant
during such period except as required by law. If such Participant does not
return to the employ of the Employer within the period granted for such leave
of absence or, in the case of military or government service, within the
periods provided in this Article, it shall be conclusively presumed for
purposes of the Plan that employment terminated as of the date of expiration of
such leave of absence or period provided in this Article, as the case may be.
However, if the death or Disability of such Participant occurs prior to
expiration of the applicable period, the death or Disability benefit provided
in the Plan shall be payable. Notwithstanding any provision of the Plan to the
contrary, contributions, benefits and service credit with respect to qualified
military service will be provided in accordance with Section 414(u) of the
Code.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>74</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 16</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PARTICIPATING EMPLOYERS</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Adoption of Plan</U>.</B> Upon approval by the
Employer, a corporation or other entity may adopt this Plan by a properly
executed document, participate herein and be known as a Participating Employer.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Requirements of Participating Employers</U>.</B>
All Participating Employers shall be subject to the following rules:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Each
 Participating Employer shall be required to use the Trustee designated
 herein. If the Employer delegates its duties to a Committee, each
 Participating Employer shall be required to use the Committee designated
 herein.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>The Trustee
 may, but shall not be required to, commingle, hold and invest as one Trust
 Fund all contributions made by Participating Employers.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Expenses of
 the Trust Fund shall be allocated to each Participating Employer in the same
 proportion that the total amount credited to all Participants employed by
 such Employer bears to the total amount credited to all Participants.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>With respect
 to its relation with the Trustee, each Participating Employer shall be deemed
 to have designated irrevocably the Employer as its agent.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Allocation of Contributions</U>.</B> Employer
Contributions shall be allocated in accordance with Section 5.4 among eligible
Participants of all Employers that are Affiliates by applying a uniform
allocation rate to all such Participants.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Accounting for Employees</U>.</B> If an
Employee is employed by more than one Participating Employer during the Plan
Year, service and Compensation with each Participating Employer that is an
Affiliate shall be aggregated for all purposes under the Plan, and, for
purposes of allocation of any contributions, the Employee shall be deemed to be
employed on the Anniversary Date if the Employee is employed on such date by
any Participating Employer. Such allocation shall be made in accordance with
Article 5.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>75</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
an Employee is transferred between Participating Employers that are Affiliates,
such Employee shall retain all amounts credited to the Employee&#146;s account, and
the Employee&#146;s accumulated Years of Service and eligibility to participate in
the Plan. No such transfer shall constitute a Termination of Employment, and
the Participating Employer to which the Employee is transferred shall be
obligated with respect to such Employee in the same manner as was the
Participating Employer from which the Employee was transferred.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Separate Records</U>.</B> The Trustee shall
keep separate records concerning each Participating Employer and the accounts
of Participants employed by such Participating Employer. The transferee
Employer shall immediately notify the Trustee if an Employee transfers from one
Participating Employer to another.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendment</U>.</B> The Board of Directors of
the Employer shall have the exclusive authority to amend this Plan without
further action or consent of any Participating Employer and each Participating
Employer to the extent required by law hereby delegates to the Board of
Directors, including to its representatives and delegates, the power and
authority to amend this Plan on behalf of the Participating Employer.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>16.7</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Discontinuance of Participation</U>.</B> Any
Participating Employer may discontinue its participation in the Plan. At the
time of any such discontinuance, evidence of satisfaction of any applicable
conditions imposed under the Plan shall be delivered to the Trustee. The
Trustee shall thereafter transfer Trust Fund assets allocable to the
Participants of such Participating Employer to a successor Trustee designated
by the Participating Employer, if it has established a separate qualified plan
for its Employees. If no successor is designated, the Trustee shall retain such
assets for the Employees of said Participating Employer pursuant to the
provisions of the Plan. No portion of the Trust Fund attributable to such
Participating Employer shall be used other than for the exclusive benefit of
the Participants of such Participating Employer.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>76</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 17</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>RIGHTS OF EMPLOYER TO AMEND, DISCONTINUE OR
TERMINATE</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>17.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Amendment</U>.</B> Except as herein limited,
the Employer shall have the right to amend this Plan and Trust at any time to
any extent that it may deem advisable. Such amendment will be stated in an
instrument in writing executed by the Employer and adopted by the Board of
Directors or a representative of the Board as identified in the Board minutes.
Upon delivery of such instrument to the Trustee, this Plan and Trust shall be
deemed to have been amended in the manner therein set forth, and Participants
shall be bound thereby; provided, however:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that no
 amendment shall increase the duties or liabilities of the Trustee without its
 written consent;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that no
 amendment shall have the effect of vesting in the Employer any interest in or
 control over any of the funds or properties subject to the terms of the
 Trust;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that no
 amendment shall have the retroactive effect so as to reduce the percentage of
 any Participant&#146;s account which is vested and nonforfeitable; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>that no
 amendment shall have the effect of eliminating or reducing an early
 retirement benefit or retirement-type subsidy or eliminating an optional form
 of benefit with respect to benefits accrued before such amendment.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>17.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination of Plan</U>.</B> It is the
expectation of the Employer that it will continue this Plan and the payment of
Employer Contributions hereunder indefinitely, but continuance of the Plan is
not assumed as a contractual obligation of the Employer, and the right is
reserved by the Employer at any time to discontinue its contributions
hereunder, or, by action of the Board of Directors, to terminate the Plan. Mere
failure of the Employer to make contributions hereto shall not terminate the
Plan until notice of termination to the Trustee; however, upon such notice by
the Employer to the Trustee, the Plan shall automatically terminate.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>17.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Trust Term</U>.</B> The term of the Trust herein
created shall be for such time as may be necessary to accomplish the purposes
set forth herein and in no event shall the term exceed the limits prescribed by
the laws of the jurisdiction to which the Trust is subject. In the event such
limit should be reached at any time, or for any reason, prior to the
accomplishment of the purposes for which the Trust is created, the Trust shall
be deemed to have terminated upon the attainment of such limit.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>77</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>17.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Termination of Trust</U>.</B> The Employer
reserves the right to terminate the Trust at any time. Upon a determination
that the termination of the Trust will not impair the Plan and Trust&#146;s
qualification under the Code, the Trustee and Employer shall cause distribution
of all of the assets of the Trust to be made to Participants as their
respective interests may appear, provided, however, that the interests of
Participants who have received distributions pursuant to Section 7.3 which
resulted in a forfeiture of the nonvested portion of their Beneficial Interest
prior to the date of termination of the Plan shall not have the nonvested
portion restored to their accounts at the time of termination.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 18</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>SUCCESSOR EMPLOYER AND MERGER OR
CONSOLIDATION OF PLANS</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>18.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Successor Employer</U>.</B> In the event of a
transfer of business assets, operations, or employees from the Employer to a
successor employer, provision may be made by which the Plan and Trust will be
continued by the successor; and, in that event, such successor shall be substituted
for the Employer under the Plan. The substitution of the successor shall
constitute an assumption of Plan liabilities by the successor and the successor
shall have all of the powers, duties and responsibilities of the Employer under
the Plan.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>18.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Merger and Consolidation</U>.</B> In the event
of any merger or consolidation of the Plan with, or transfer in whole or in
part of the assets and liabilities of the Trust Fund to another trust fund held
under any other plan or deferred compensation plan maintained or to be
established for the benefit of all or some of the Participants of this Plan,
the assets of the Trust Fund applicable to such Participants shall be
transferred to the other trust fund only if:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>each
 Participant would (if either this Plan or the other plan then terminated)
 receive a benefit immediately after the merger, consolidation or transfer
 which is equal to or greater than the benefit the Participant would have been
 entitled to receive immediately before the merger, consolidation or transfer
 (if this Plan had then terminated);</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>78</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>resolutions
 of the Board of Directors of the Employer under this Plan, and of any new or
 successor employer of the affected Participants, shall authorize such
 transfer of assets; and, in the case of the new or successor employer of the
 affected Participants, its resolutions shall include an assumption of
 liabilities with respect to such Participants&#146; inclusion in the new
 employer&#146;s plan; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>such other
 plan and trust are qualified under Sections 401(a) and 501(a) of the Code. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Notwithstanding
the foregoing, a transfer of amounts from the Trust Fund to a nonqualified
foreign trust shall be treated as a distribution from the Trust Fund.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>ARTICLE 19</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>MISCELLANEOUS</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.1</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Inspection of Books</U>.</B> The Trustee may
inspect the books and records of the Employer whenever such inspection shall be
reasonably necessary in order to determine any factor pertinent to the
performance of its duties under this Plan and Trust. However, the Trustee shall
not be required to make such inspection, but may in good faith rely on any
statements of the Employer.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.2</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Right to Terminate Employment</U>.</B> The
adoption and maintenance of the Plan and Trust shall not be deemed to be a
contract between the Employer and any of its Employees. Nothing herein
contained shall be deemed to give to any Employee the right to be retained in
the employ of the Employer or to interfere with the right of the Employer to
discharge any Employee at any time, nor shall it be deemed to give the Employer
the right to require any Employee to remain in its employ, nor shall it
interfere with the Employee&#146;s right to terminate employment at any time.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.3</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Liability of Employer</U>.</B> All benefits
payable under the Plan shall be paid or provided for solely from the Trust.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.4</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Defense Under Tax Laws</U>.</B> The Employer
shall have the right to defend the position of the Plan and Trust herein
created as an employees&#146; trust as defined in Section 401 of the Code.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.5</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Governing Law</U>.</B> This Plan and Trust
shall be construed, administered, and governed in all respects under the laws
of the State of Minnesota to the extent not preempted by federal law.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>79</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.6</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Binding Effect</U>.</B> This Plan and Trust
shall be binding upon and inure to the benefit of the heirs, personal
representatives, successors and assigns of any and all of the parties hereto.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.7</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Qualification Under Tax Laws</U>.</B> Except as
otherwise provided herein, and subject to receipt of a favorable determination
letter from the Internal Revenue Service, the Communications Systems, Inc.
Employee Stock Ownership Plan and Trust, as restated, shall become effective as
of the Effective Date.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>19.8</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Earlier Effective Date to Maintain Tax Qualification</U>.</B>
Notwithstanding the Effective Date of this restatement, any provision in this
restatement of the Plan that was included in order to comply with or reflect
any change in the qualified plan rules of Section 401(a) of the Code, or in any
other applicable law, as determined by the Employer, will be effective with
respect to any person on the date the change in the applicable law becomes
applicable to that person or to the Plan, unless a different effective date is
specifically provided in the Plan document.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything herein to the contrary, the adoption of this restated Plan document
shall not have the retroactive effect of reducing the percentage of any Participant&#146;s
account which is vested and nonforfeitable, or eliminating or reducing an early
retirement benefit or retirement-type subsidy with respect to benefits accrued
before such adoption.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in this Section, the prior Plan document shall be effective in all
respects for any Plan Years ending prior to January 1, 2009.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>80</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, Communications Systems, Inc. has caused the Communications
Systems, Inc. Employee Stock Ownership Plan and Trust, as restated, to be
executed by its officer, and Curtis A. Sampson, Jeffrey K. Berg and Paul N.
Hanson have executed this Plan and Trust and hereby affirm their continued
appointments as Trustees, as of the Effective Date.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="57%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="40%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>
 </TD>
 </TR>

<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P><FONT SIZE=2>/s/ Karen
 Nesburg Bleick</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Its</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P><FONT SIZE=2>Vice
 President of Human Resources </FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Date:
 October 28, 2009</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>TRUSTEES</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P><FONT SIZE=2>/s/Curtis A.
 Sampson</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Curtis A.
 Sampson</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P><FONT SIZE=2>/s/ Jeffrey
 K. Berg</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Jeffrey K.
 Berg</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">
 <P><FONT SIZE=2>/s/ Paul N.
 Hanson</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Paul N. Hanson</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>3
<FILENAME>csi120466_ex10-31.htm
<DESCRIPTION>FIRST AMENDMENT OF THE EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN="RIGHT"><FONT SIZE="2"><B>Exhibit 10.3.1</B> </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>FIRST AMENDMENT OF THE <BR>
COMMUNICATIONS SYSTEMS, INC. <BR>
EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS
AGREEMENT, amending the Communications Systems, Inc. Employee Stock Ownership
Plan and Trust, is adopted by Communications Systems, Inc., a Minnesota
corporation, (the &#147;Employer&#148;), and Curtis A. Sampson, William G. Schultz and
David T. McGraw (collectively, the &#147;Trustee&#148;). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WITNESSETH:
That </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
The Employer has heretofore established and maintains a stock bonus and
employee stock ownership plan (the &#147;Plan&#148;) that is currently embodied in a
document dated January 1, 2009; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Pursuant to the authority reserved to the Employer under the Plan, the Employer
desires to amend the Plan as set forth herein; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, The Plan is hereby amended as follows: </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 January 1, 2009, Article 9 of the Plan is amended by adding a new Section
 9.10 to read as follows: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.10
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>2009 Required Minimum Distributions</U>.</B>
 Notwithstanding any other provision of this Article 9, a Participant or
 Beneficiary who would have been required to receive required minimum
 distributions for 2009 but for the enactment of Section 401(a)(9)(H) of the
 Code (&#147;2009 RMDs&#148;), and who would have satisfied that requirement by
 receiving distributions that are (1) equal to the 2009 RMDs or (2) one or
 more payments in a series of substantially equal distributions (that include
 the 2009 RMDs) made at least annually and expected to last for the life (or
 life expectancy) of the participant, the joint lives (or joint life
 expectancy) of the participant and the participant&#146;s designated beneficiary,
 or for a period of at least 10 years (&#147;Extended 2009 RMDs&#148;), will not receive
 those distributions for 2009 unless the Participant or Beneficiary chooses to
 receive such distributions. Participants and Beneficiaries described in the
 preceding sentence will be given the opportunity to elect to receive the
 distributions described in the preceding sentence. In addition, notwithstanding
 the definition of Eligible Rollover Distribution in Section 2.1, and solely
 for purposes of applying the Direct Rollover provisions of the Plan, 2009
 RMDs and Extended 2009 RMDs will be treated as Eligible Rollover
 Distributions in 2009. </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 January 1, 2009, Article 15 of the Plan is amended by adding a new Section
 15.4 to read as follows, effective as provided therein: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 <U>HEART Act Provisions</U></B>. In the case of a death
 occurring on or after January 1, 2007, if a Participant dies while performing
 qualified military service, the survivors of the Participant are entitled to
 any additional benefits (other than benefit accruals relating to the period
 of qualified military service) provided under the Plan as if the Participant
 had resumed and then terminated employment on account of death. Moreover, the
 Plan will credit the Participant&#146;s qualified military service as service for
 vesting purposes, as though the Participant had resumed employment
 under the Uniformed Services Employment and Reemployment Rights Act
 immediately prior to the Participant&#146;s death.</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
 remuneration paid after December 31, 2008, (i) an individual receiving a
 differential wage payment, as defined by Section 3401(h)(2) of the Code, is
 treated as an Employee of the Employer making the payment, (ii) the
 differential wage payment is treated as Compensation and Net Compensation,
 and (iii) the Plan is not treated as failing to meet the requirements of any
 provision described in Section 414(u)(1)(C) of the Code (or corresponding
 Plan provisions) by reason of any contribution or benefit which is based on
 the differential wage payment, but only if all Employees of the Employer
 performing service in the uniformed services described in Section 3401(h)(2)(A)
 of the Code are entitled to receive differential wage payments (as defined in
 Section 3401(h)(2) of the Code) on reasonably equivalent terms and, if
 eligible to participate in a retirement plan maintained by the Employer, to
 make contributions based on the payments on reasonably equivalent terms
 (taking into account Sections 410(b)(3), (4), and (5) of the Code). </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 January 1, 2010, the first sentence of Section 18.1 of the Plan is amended to
 read as follows: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>In the event
 of a transfer of business assets, operations, or employees from the Employer
 to a successor employer, provision may be made by which the Plan and Trust
 will be continued by the successor; and, in that event, such successor shall
 be substituted for the Employer under the Plan.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Effective
 January 1, 2010, Section 18.2 of the Plan is amended by adding the following
 to the end of said Section: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Notwithstanding
 the foregoing, a transfer of amounts from the Trust Fund to a nonqualified
 foreign trust shall be treated as a distribution from the Trust Fund.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Save and
 except as herein expressly amended, the Plan shall continue in full force and
 effect. </FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, Communications Systems, Inc. has caused this Amendment to be
executed by its officer, who has been duly authorized by its Board of
Directors, and Curtis A. Sampson, William G. Schultz and David T. McGraw have
executed this Amendment, effective as of the dates specified above.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="40%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2><B>COMMUNICATIONS SYSTEMS, INC.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>TRUSTEES</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/Curtis A.
 Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1PX">
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">&nbsp; </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">&nbsp;</TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Curtis A.
 Sampson</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Its</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">
 <P><FONT SIZE=2>President
 and CEO</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">
 <P><FONT SIZE=2>/s/ William
 G. Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">
 <P><FONT SIZE=2>October 21,
 2011</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP >
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP > <P><FONT SIZE=2>&nbsp;</FONT></P>
</TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:1PX SOLID BLACK">
 <P><FONT SIZE=2>/s/ David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
  <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>2</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>4
<FILENAME>csi120466_ex21.htm
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>


<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit 21 </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U>SUBSIDIARIES OF COMMUNICATIONS SYSTEMS, INC.</U></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="53%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="21%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Subsidiaries</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1><B>Jurisdiction of Incorporation</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="20%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Suttle
 Apparatus Corporation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Illinois</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Suttle Costa
 Rica, S.A.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Costa Rica</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Tel
 Products, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Minnesota</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Suttle
 Caribe, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Minnesota</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Austin
 Taylor Communications, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>United Kingdom</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Automatic
 Tool &amp; Connector Company, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>New Jersey</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>JDL
 Technologies, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Minnesota</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Transition
 Networks, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Minnesota</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Transition
 Networks Shanghai.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>China</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>LANart
 Corporation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Massachusetts</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>MiLAN
 Technology Corporation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>California</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Image
 Systems Corporation</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Minnesota</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>All such
subsidiaries are 100%-owned directly by Communications Systems, Inc. The
financial statements of all these subsidiaries are included in the consolidated
financial statements of Communications Systems, Inc. </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>60</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>csi120466_ex23.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>


<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit 23 </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U>CONSENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</U></FONT></P>

<P><FONT SIZE=2>We consent to
the incorporation by reference in Registration Statement Nos. 333-98325,
333-120561, 333-177890, and 333-161376 on Form S-8 of our reports
dated March 15, 2012, relating to the financial statements and financial
statement schedule of Communications Systems, Inc., and subsidiaries (the
&#147;Company&#148;), and the effectiveness of the Company&#146;s internal control over
financial reporting, appearing in this annual report on Form 10-K of the
Company for the year ended December 31, 2011. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="28%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="71%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Deloitte
 &amp; Touche LLP</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>March 15,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Minneapolis,
 Minnesota </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>61</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>6
<FILENAME>csi120466_ex31-1.htm
<DESCRIPTION>CERTIFICATION OF CEO PURSUANT TO SECTION 302
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit 31.1</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U>Certifications</U></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=5 VALIGN=TOP>
 <P><FONT SIZE=2>I, William
 G. Schultz certify that: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=5 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>I have reviewed
 this annual report on Form 10-K of Communications Systems, Inc.; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Based on my
 knowledge, this report does not contain any untrue statement of a material
 fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not
 misleading with respect to the period covered by this report; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Based on my
 knowledge, the financial statements, and other financial information included
 in this report, fairly present in all material respects the financial
 condition, results of operations and cash flows of the registrant as of, and
 for, the periods presented in this report; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>The
 registrant&#146;s other certifying officer and I are responsible for establishing
 and maintaining disclosure controls and procedures (as defined in Exchange
 Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Designed
 such disclosure controls and procedures, or caused such disclosure controls
 and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated
 subsidiaries, is made known to us by others within those entities,
 particularly during the period in which this report is being prepared; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>b.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Evaluated
 the effectiveness of the registrant&#146;s disclosure controls and procedures and
 presented in this report our conclusions about the effectiveness of the
 disclosure controls and procedures, as of the end of the period covered by
 this report based on such evaluation; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>c.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Disclosed in
 this report any change in the registrant&#146;s internal control over financial
 reporting that occurred during the registrant&#146;s most recent fiscal quarter
 (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that
 has materially affected, or is reasonably likely to materially affect, the
 registrant&#146;s internal control over financial reporting; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>d.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b) designed
 such internal control over financial reporting, or caused such internal
 control over financial reporting to be designed under our supervision, to
 provide reasonable assurance regarding the reliability of financial reporting
 and the preparation of financial statements for external purposes in
 accordance with generally accepted accounting principles; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>The
 registrant&#146;s other certifying officer and I have disclosed, based on our most
 recent evaluation of internal control over financial reporting, to the
 registrant&#146;s auditors and the audit committee of the registrant&#146;s board of
 directors (or persons performing the equivalent function): </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all
 significant deficiencies and material weaknesses in the design or operation
 of internal control over financial reporting which are reasonably likely to
 adversely affect the registrant&#146;s ability to record, process, summarize and
 report financial information; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>b.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any fraud,
 whether or not material, that involves management or other employees who have
 a significant role in the registrant&#146;s internal control over financial
 reporting. </FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="31%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date: March
 15, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ William
 G. Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>62</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>7
<FILENAME>csi120466_ex31-2.htm
<DESCRIPTION>CERTIFICATION OF CFO PURSUANT TO SECTION 302
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>


<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit 31.2 </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U>Certifications</U></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=5 VALIGN=TOP>
 <P><FONT SIZE=2>I, David T.
 McGraw certify that: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=5 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>I have
 reviewed this annual report on Form 10-K of Communications Systems, Inc; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Based on my
 knowledge, this report does not contain any untrue statement of a material
 fact or omit to state a material fact necessary to make the statements made,
 in light of the circumstances under which such statements were made, not
 misleading with respect to the period covered by this report; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Based on my
 knowledge, the financial statements, and other financial information included
 in this report, fairly present in all material respects the financial
 condition, results of operations and cash flows of the registrant as of, and
 for, the periods presented in this report; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>The
 registrant&#146;s other certifying officer and I are responsible for establishing
 and maintaining disclosure controls and procedures (as defined in Exchange
 Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have: </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Designed
 such disclosure controls and procedures, or caused such disclosure controls
 and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated
 subsidiaries, is made known to us by others within those entities,
 particularly during the period in which this report is being prepared; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>b.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Evaluated
 the effectiveness of the registrant&#146;s disclosure controls and procedures and
 presented in this report our conclusions about the effectiveness of the
 disclosure controls and procedures, as of the end of the period covered by
 this report based on such evaluation; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>c.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Disclosed in
 this report any change in the registrant&#146;s internal control over financial
 reporting that occurred during the registrant&#146;s most recent fiscal quarter
 (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that
 has materially affected, or is reasonably likely to materially affect, the
 registrant&#146;s internal control over financial reporting; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>d.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b) designed
 such internal control over financial reporting, or caused such internal
 control over financial reporting to be designed under our supervision, to
 provide reasonable assurance regarding the reliability of financial reporting
 and the preparation of financial statements for external purposes in
 accordance with generally accepted accounting principles; </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>The
 registrant&#146;s other certifying officer and I have disclosed, based on our most
 recent evaluation of internal control over financial reporting, to the
 registrant&#146;s auditors and the audit committee of the registrant&#146;s board of
 directors (or persons performing the equivalent function): </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>a.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>all
 significant deficiencies and material weaknesses in the design or operation
 of internal control over financial reporting which are reasonably likely to
 adversely affect the registrant&#146;s ability to record, process, summarize and
 report financial information; and </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>b.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>any fraud,
 whether or not material, that involves management or other employees who have
 a significant role in the registrant&#146;s internal control over financial
 reporting. </FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="31%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date: March
 15, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Financial Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>63</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>8
<FILENAME>csi120466_ex32.htm
<DESCRIPTION>CERTIFICATION OF CEO/CEO PURSUANT TO SECTION 906
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit 32 </B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>CERTIFICATION PURSUANT TO SECTION 906 OF THE<BR>
SARBANES-OXLEY ACT OF 2002</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>Pursuant to 18 U.S.C. &sect; 1350, we the
undersigned Chief Executive Officer and Chief Financial Officer, respectively
of Communications Systems, Inc. (the &#147;Company&#148;) hereby certify:</FONT></P>

<P><FONT SIZE=2>(1) That the
accompanying Annual Report of the Company on Form 10-K for the period ended
December 31, 2011 (the &#147;Report&#148;) fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></P>

<P><FONT SIZE=2>(2) The
information contained in the Report fairly presents, in all material respects,
the financial condition and results of operations of the Company. </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="31%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ William
 G. Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>William G.
 Schultz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date: March
 15, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>President
 and Chief Executive Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>David T.
 McGraw</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date: March
 15, 2012</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Vice
 President and Chief Financial Officer</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>64</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>9
<FILENAME>csi120466_ex99-1.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 12, 2012
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=RIGHT><FONT SIZE=2><B>Exhibit
99.1</B></FONT></P>

<P><FONT SIZE=2><B>PRESS
RELEASE </B></FONT></P>

<P><FONT SIZE=2><B>FOR
IMMEDIATE RELEASE </B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">

 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="68%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>Contacts:</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>William G. Schultz</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(952) 996-1573 </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><B>David T. McGraw</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(952) 996-1691</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><B>Communications
Systems, Inc. Reports Fourth Quarter and Full Year 2011 Results and Increase in
Quarterly Dividend</B></FONT></P>

<P><FONT SIZE=2><B>Minnetonka,
Minnesota - March 12, 2012 </B>-- Communications Systems, Inc.
(NASDAQ:<U><B>JCS</B></U>) today reported
financial results for its full year and fourth quarter ended December 31, 2011.</FONT></P>

<P><FONT SIZE=2>For the twelve months ended December 31, 2011, net
income was $9,798,000, or $1.15 per diluted share, on sales of $143,775,000. In
fiscal 2010 the Company earned $9,715,000 or $1.15 per diluted share, on sales
of $120,072,000. For the three months ended December 31, 2011, the Company
incurred a loss of ($574,000) or ($0.07) per diluted share, on sales of
$25,338,000, compared to 2010 fourth quarter net income of $1,970,000 or $0.23
per diluted share, on sales of $30,208,000. </FONT></P>

<P><FONT SIZE=2>CSI&#146;s 2011 full year revenues were the highest in the
Company&#146;s history primarily due to a large network upgrade project delivered in
the second and third quarters that generated revenues of approximately $33
million. Revenues from this unusually large order more than offset a
significant drop in purchasing by the federal government and weakness in other
sectors of the Company&#146;s data and telecommunications markets. While earnings
for the full year were also a record, they were adversely affected by
impairment charges affecting Suttle, as well as operating losses and other
charges related to our Austin Taylor business unit.</FONT></P>

<P><FONT SIZE=2>Results in the 2011 fourth quarter reflect the impact
of several factors, including the continuing significant drop off in purchasing
by the federal government due to budget constraints, a sharp decline in
revenues at our JDL unit following completion of a large project that began in
2010 and ended in the 2011 third quarter, and charges related to restructuring
our Austin Taylor operations for integration into our Suttle segment.</FONT></P>

<P><FONT SIZE=2>William G. Schultz, President and CEO commented: &#147;We
are, of course, pleased with record results delivered to our shareholders for
2011 fueled by the large network upgrade project for a long-time customer.
These results could only have been achieved through the perseverance of our
sales organization and the dedication of our employees to deliver high-quality
products to our customers. While our fourth quarter results are disappointing,
they do not reflect weakness in our business model, but are primarily due to
softness in certain sectors of our primary markets and the convergence of
several one-time charges including charges related to restructuring Austin
Taylor.&#148;</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>Mr. Schultz continued: &#147;The restructuring we began in
the third quarter of 2011 continued into January 2012. In January we
implemented measures throughout the Company to better align the cost structure
of our business to our market opportunities, including eliminating some general
and administrative costs. The restructuring included an 8% reduction in our
workforce. This enables us to better focus our resources on investments in
product development and international expansion. Further, Austin Taylor, our UK
operation, which has struggled with profitability in the last few years, has
been significantly transformed and is now a part of our Suttle business unit,
maintaining a number of strategic accounts and participating in Suttle&#146;s
initiatives to expand its global reach into Europe and the Middle East. We do
not anticipate future losses from Austin Taylor&#146;s operations.</FONT></P>

<P><FONT SIZE=2>&#147;As we look ahead, we believe each of our three continuing
business units is well positioned to meet the challenges of 2012. Our Suttle
business has realigned its organization to improve margins and invest in
additional engineering and sales resources. In 2011, we launched several new
product initiatives for copper and fiber connectivity solutions, expanding
Suttle&#146;s reach in their existing customer base as well as adding new customers
in Latin America, that we expect will contribute to our revenues in 2012. In
addition, Suttle is introducing several innovative products to its customer
base and these are planned to more than offset an anticipated decline in its
legacy products.</FONT></P>

<P><FONT SIZE=2>&#147;Our JDL business unit had a strong 2011, which
included completing the installation of its record $18 million project for one
of the largest school districts in the country. JDL is continuing to support
this customer in new initiatives and, building on knowledge gained from its
K-12 business, is actively marketing its IT capabilities to small to medium
sized commercial businesses. Its focus is to enable customers to access their
data anywhere, anytime with virtualization and cloud solutions and to also
assist their IT departments by remotely monitoring and maintaining their
network infrastructure. We believe JDL is well-positioned to capture part of
the growth in these markets.</FONT></P>

<P><FONT SIZE=2>&#147;Transition Networks&#146; performance in 2011 was
exceptional, and it is bringing the energy from 2011 into the new year as it
continues to invest in developing its capabilities to grow in the enterprise,
service provider, and industrial markets. Our acquisition of Patapsco in 2011
was an important addition to Transition Networks&#146; capabilities to serve the
mobile backhaul and government markets. While the nature of Transition
Networks&#146; business often results in swings in revenue, we believe it is well
positioned to continue growing over the long term.</FONT></P>

<P><FONT SIZE=2>&#147;In addition, our long term performance will be
significantly strengthened as we begin deploying in 2012 a new Enterprise
Resource Planning (ERP) system, which is a major initiative that we began in
2011. Our new ERP system will standardize all CSI business units on a common
platform. This will have a positive impact on all aspects of our business. It
will bring efficiencies in the cycle from product concept to product development
to bringing products to market; it will enable us to lower manufacturing costs
and better manage our supply chain; and it will give us many tools to provide
improved customer service. Implementing a new ERP system is a significant
investment for the organization, but the dividends will be substantial in
improved execution and enhanced service to our customers.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>&#147;In summary, CSI&#146;s strategy for 2012 is focused on
maximizing our existing capabilities and making smart investments &#150; investments
in new product development to better serve our customers, investments to enter
new markets, particularly outside the US, and investments in technology that
will make us more competitive. Although these investments will have a short
term, negative impact on earnings, we expect they will set the stage for
sustainable and profitable growth well beyond 2012.</FONT></P>

<P><FONT SIZE=2>&#147;Our business strategy in 2012 will be supported by a
very strong balance sheet. At December 31, 2011, the Company&#146;s cash, cash
equivalents and investments totaled $46,035,000 compared to $43,075,000 at the
prior year end. In addition, we expect 2012 will be another year of solid cash
flow.&#148;</FONT></P>

<P><FONT SIZE=2>Mr. Schultz closed: &#147;Due
to the strength of our liquidity position and the Board&#146;s confidence in the
Company&#146;s business plan and future prospects, it has authorized an increase in
our regular quarterly dividend from $.15 per share to $.16 per share. The next dividend will be paid on April 1,
2012 to shareholders of record on March 22, 2012.&#148;</FONT></P>

<P><FONT SIZE=2><B>Further
Information</B></FONT></P>

<P><FONT SIZE=2>Further information regarding the Company&#146;s results
and related matters will be provided in the Company&#146;s Form 10-K report for the
year ended December 31, 2011, which will be filed on March 15, 2012.</FONT></P>

<P><FONT SIZE=2><B>Cautionary
Statement<BR>
</B>From time to time, in reports filed with the Securities and
Exchange Commission, in press releases, and in other communications to
shareholders or the investing public, the Communications Systems Inc. may make
forward-looking statements concerning possible or anticipated future financial
performance, business activities or plans which are typically preceded by the
words &#147;believes,&#148; &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends&#148; or similar expressions.
For these forward-looking statements, the Company claims the protection of the
safe harbor for forward-looking statements contained in federal securities
laws. Shareholders and the investing public should understand that these
forward-looking statements are subject to risks and uncertainties, including
those disclosed in our periodic filings with the SEC, which could cause actual
performance, activities or plans after the date the statements are made to
differ significantly from those indicated in the forward-looking statements
when made. </FONT></P>

<P><FONT SIZE=2><B>About
Communications Systems</B><BR>
Communications Systems, Inc. provides physical connectivity infrastructure and
services for global deployments of broadband networks. Focusing on innovative,
cost-effective solutions, CSI provides customers the ability to deliver,
manage, and optimize their broadband network services and architecture. From
the integration of fiber optics in any application and environment to efficient
home voice and data deployments to optimization of data and application access,
CSI provides the tools for maximum utilization of the network from the edge to
the user. With partners and customers in over 50 countries, CSI has built a
reputation as a reliable global innovator focusing on quality and customer
service.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3><P STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=2 face=arial>CSI CONSOLIDATED SUMMARY OF EARNINGS<BR>
Selected Income Statement Data<BR>
Unaudited</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="29%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>Three Months Ended<BR>
December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>Three Months Ended<BR>
December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>Twelve Months Ended<BR>
December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>Twelve Months Ended<BR>
December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Sales</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>25,337,994</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>30,207,682</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>143,775,051</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>120,072,310</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>Gross
 margin</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>10,555,783</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>12,091,579</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>58,895,127</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>51,200,632</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Operating
 income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>(363,062</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>2,997,910</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>17,514,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>15,614,384</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>Income
 before income taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>(380,064</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>2,999,436</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>17,619,990</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>15,634,537</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Income
 taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>194,213</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1,029,652</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>7,822,124</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>5,919,104</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>Net
 income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>(574,277</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1,969,784</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>9,797,866</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>9,715,433</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Basic
 net income per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>(0.07</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.23</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1.16</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>Diluted
 net income per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>(0.07</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.23</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>1.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Cash
 dividends per share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.60</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>0.59</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 face=arial>Average
 basic shares outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,465,823</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,407,094</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,448,612</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,384,242</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P style='margin-left:8.65pt;text-indent:-8.65pt'><FONT SIZE=2 face=arial>Average
 dilutive shares outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,521,183</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,443,893</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,495,873</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>8,414,566</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="82%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 face=arial>Selected Balance Sheet Data</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 face=arial>Unaudited</FONT></P>
 </TD>
 </TR>
</TABLE>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="20%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>December 31, 2011</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1 face=arial>December 31, 2010</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Total
 assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>116,658,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>$</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>109,070,227</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP >
 <P style='margin-left:8.65pt;text-indent:-8.65pt'><FONT SIZE=2 face=arial>Cash, cash equivalents and investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>46,034,821</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>43,074,730</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P style='margin-left:8.65pt;text-indent:-8.65pt'><FONT SIZE=2 face=arial>Property,
 plant and equipment, net</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>14,019,019</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>13,214,067</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 face=arial>Long-term
 liabilities</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>3,740,710</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>5,004,156</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P><FONT SIZE=2 face=arial>Stockholders&#146;
 equity</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>97,530,560</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#D6F3E8">
 <P ALIGN=RIGHT><FONT SIZE=2 face=arial>91,396,693</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#D6F3E8">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=3>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>10
<FILENAME>jcs-20111231.xml
<DESCRIPTION>XBRL INSTANCE FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:29:27 PM-->
<xbrl xmlns="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2011-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:jcs="http://www.commsystems.com/20111231" xmlns:us-gaap="http://fasb.org/us-gaap/2011-01-31" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:schemaRef xlink:type="simple" xlink:href="jcs-20111231.xsd" />
  <!--Context Section-->
  <context id="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2009-01-01</startDate>
      <endDate>2009-12-31</endDate>
    </period>
  </context>
  <context id="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2011-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2011-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2011-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2010-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2010-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2010-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2009-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2009-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2009-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2008-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2008-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2008-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2011-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2010-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2009-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <instant>2008-12-31</instant>
    </period>
  </context>
  <context id="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2011-01-01</startDate>
      <endDate>2011-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2010-01-01</startDate>
      <endDate>2010-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AccumulatedOtherComprehensiveIncomeMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2009-01-01</startDate>
      <endDate>2009-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2011-01-01</startDate>
      <endDate>2011-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2010-01-01</startDate>
      <endDate>2010-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:RetainedEarningsMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2009-01-01</startDate>
      <endDate>2009-12-31</endDate>
    </period>
  </context>
  <context id="As_Of_12_31_2009">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2009-12-31</instant>
    </period>
  </context>
  <context id="As_Of_12_31_2008">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2008-12-31</instant>
    </period>
  </context>
  <context id="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2009-01-01</startDate>
      <endDate>2009-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2009_To_12_31_2009">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <startDate>2009-01-01</startDate>
      <endDate>2009-12-31</endDate>
    </period>
  </context>
  <context id="As_Of_12_31_2010">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2010-12-31</instant>
    </period>
  </context>
  <context id="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2011-01-01</startDate>
      <endDate>2011-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2011-01-01</startDate>
      <endDate>2011-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2010-01-01</startDate>
      <endDate>2010-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
      <segment>
        <xbrldi:explicitMember dimension="us-gaap:StatementEquityComponentsAxis">us-gaap:AdditionalPaidInCapitalMember</xbrldi:explicitMember>
      </segment>
    </entity>
    <period>
      <startDate>2010-01-01</startDate>
      <endDate>2010-12-31</endDate>
    </period>
  </context>
  <context id="Duration_1_1_2010_To_12_31_2010">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <startDate>2010-01-01</startDate>
      <endDate>2010-12-31</endDate>
    </period>
  </context>
  <context id="As_Of_12_31_2011">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2011-12-31</instant>
    </period>
  </context>
  <context id="As_Of_6_30_2011">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2011-06-30</instant>
    </period>
  </context>
  <context id="As_Of_3_1_2012">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <instant>2012-03-01</instant>
    </period>
  </context>
  <context id="Duration_1_1_2011_To_12_31_2011">
    <entity>
      <identifier scheme="http://www.sec.gov/CIK">0000022701</identifier>
    </entity>
    <period>
      <startDate>2011-01-01</startDate>
      <endDate>2011-12-31</endDate>
    </period>
  </context>
  <!--Unit Section-->
  <unit id="Unit13">
    <divide>
      <unitNumerator>
        <measure>iso4217:USD</measure>
      </unitNumerator>
      <unitDenominator>
        <measure>xbrli:shares</measure>
      </unitDenominator>
    </divide>
  </unit>
  <unit id="Unit12">
    <measure>iso4217:USD</measure>
  </unit>
  <unit id="Unit1">
    <measure>xbrli:shares</measure>
  </unit>
  <!--Tuple Section-->
  <!--Element Section-->
  <dei:AmendmentFlag contextRef="Duration_1_1_2011_To_12_31_2011">false</dei:AmendmentFlag>
  <dei:CurrentFiscalYearEndDate contextRef="Duration_1_1_2011_To_12_31_2011">--12-31</dei:CurrentFiscalYearEndDate>
  <dei:DocumentFiscalPeriodFocus contextRef="Duration_1_1_2011_To_12_31_2011">FY</dei:DocumentFiscalPeriodFocus>
  <dei:DocumentFiscalYearFocus contextRef="Duration_1_1_2011_To_12_31_2011">2011</dei:DocumentFiscalYearFocus>
  <dei:DocumentPeriodEndDate contextRef="Duration_1_1_2011_To_12_31_2011">2011-12-31</dei:DocumentPeriodEndDate>
  <dei:DocumentType contextRef="Duration_1_1_2011_To_12_31_2011">10-K</dei:DocumentType>
  <dei:EntityCentralIndexKey contextRef="Duration_1_1_2011_To_12_31_2011">0000022701</dei:EntityCentralIndexKey>
  <dei:EntityCommonStockSharesOutstanding contextRef="As_Of_3_1_2012" unitRef="Unit1" decimals="INF">8470015</dei:EntityCommonStockSharesOutstanding>
  <dei:EntityCurrentReportingStatus contextRef="Duration_1_1_2011_To_12_31_2011">Yes</dei:EntityCurrentReportingStatus>
  <dei:EntityFilerCategory contextRef="Duration_1_1_2011_To_12_31_2011">Accelerated Filer</dei:EntityFilerCategory>
  <dei:EntityPublicFloat contextRef="As_Of_6_30_2011" unitRef="Unit12" decimals="0">119701000</dei:EntityPublicFloat>
  <dei:EntityRegistrantName contextRef="Duration_1_1_2011_To_12_31_2011">COMMUNICATIONS SYSTEMS INC</dei:EntityRegistrantName>
  <dei:EntityVoluntaryFilers contextRef="Duration_1_1_2011_To_12_31_2011">No</dei:EntityVoluntaryFilers>
  <dei:EntityWellKnownSeasonedIssuer contextRef="Duration_1_1_2011_To_12_31_2011">No</dei:EntityWellKnownSeasonedIssuer>
  <jcs:AccruedConsideration contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">1002623</jcs:AccruedConsideration>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">182676</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">181626</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">1050</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">72900</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">72450</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">450</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">21000</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares>
  <jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">9000</jcs:IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares>
  <jcs:LongTermCompensationPlans contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">1738105</jcs:LongTermCompensationPlans>
  <jcs:LongTermCompensationPlans contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">283075</jcs:LongTermCompensationPlans>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">467</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">467</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">34981</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">34981</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">21920</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <jcs:TaxBenefitFromNonQualifiedStockOptions contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">21920</jcs:TaxBenefitFromNonQualifiedStockOptions>
  <us-gaap:AccountsPayableCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">5385558</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsPayableCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">4398848</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsReceivableNetCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">17544136</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:AccountsReceivableNetCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">14461168</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:AccruedIncomeTaxesNoncurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">678395</us-gaap:AccruedIncomeTaxesNoncurrent>
  <us-gaap:AccruedIncomeTaxesNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">405673</us-gaap:AccruedIncomeTaxesNoncurrent>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">-285637</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">107606</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:AdditionalPaidInCapital contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">34491370</us-gaap:AdditionalPaidInCapital>
  <us-gaap:AdditionalPaidInCapital contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">35533273</us-gaap:AdditionalPaidInCapital>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">31571</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">31571</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">39093</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">39093</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">448896</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">448896</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition>
  <us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">505000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
  <us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">175000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
  <us-gaap:Assets contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">109070227</us-gaap:Assets>
  <us-gaap:Assets contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">116658916</us-gaap:Assets>
  <us-gaap:AssetsCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">86204163</us-gaap:AssetsCurrent>
  <us-gaap:AssetsCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">89946395</us-gaap:AssetsCurrent>
  <us-gaap:BusinessCombinationDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 4 &amp;#8211; ACQUISITION &lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;On July 27, 2011, the Company acquired Patapsco Designs Limited of the UK ("Patapsco"). The purchase price totals $5,094,000, with cash acquired totaling $862,000. The purchase price includes initial consideration of $3,271,000, deferred consideration of $466,000 to be paid out no later than 18 months from the acquisition date, $656,000 in working capital adjustments, and $701,000 in contingent consideration. The Company has agreed to pay consideration up to $818,000 contingent upon the Patapsco business meeting gross margin and other non-financial targets, with the consideration to paid out no later than two years from the acquisition date. Although the maximum contingent consideration is $818,000, the Company has recognized $701,000 as the estimated fair value of the contingent consideration at the date of acquisition. This contingent consideration has been calculated based on the exchange rate at the date of acquisition and actual payments may differ based on fluctuations in the exchange rate between the dollar and the pound. At December 31, 2011, the Company had estimated liabilities of $1,003,000 related to outstanding consideration payments. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The assets and liabilities of Patapsco were recorded in the consolidated balance sheet within the Transition Networks' segment as of the acquisition date, at their respective fair values. The purchase price allocation is based on the estimated fair value of assets acquired and liabilities assumed and has been allocated as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table style="margin-left: 5%;" border="0" cellspacing="0" cellpadding="0" width="65%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="82%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;July 27, 2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Current assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,052,149&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Property, plant, and equipment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;163,671&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Intangible assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;801,488&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Goodwill&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,702,340&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Total assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,719,648&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Current liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;414,735&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Long-term deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;210,952&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Total liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;625,687&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Net assets acquired&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,093,961&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Identifiable intangible assets are definite-lived assets. These assets include customer relationships, trademarks, and technology intangible assets, and have a weighted average amortization period of 8 years, which matches the weighted average useful life of the assets. Goodwill recorded as part of the purchase price allocation is not tax deductible. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2008" unitRef="Unit12" decimals="0">29951561</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2009" unitRef="Unit12" decimals="0">21293448</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">16787558</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">22515710</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-8658113</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-4505890</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">5728152</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="As_Of_12_31_2010" unitRef="Unit12" />
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="As_Of_12_31_2011" unitRef="Unit12" />
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 7 &amp;#8211; COMMITMENTS AND CONTINGENCIES&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Operating leases: &lt;/b&gt;The Company leases land, buildings and equipment under operating leases with original terms from 1 to 5 years. Total rent expense was $421,000, $402,000 and $440,000 in 2011, 2010 and 2009 respectively. Sublease income received was $0, $8,000 and $12,000 in 2011, 2010 and 2009 respectively. At December 31, 2011, the Company was obligated under noncancelable operating leases to make minimum annual future lease payments as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="70%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="82%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Year Ending December 31:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;175,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Thereafter&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;182,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Long-term debt:&lt;/b&gt; The mortgage on the Company's headquarters building is payable in monthly installments and carries an interest rate of 6.83%. The mortgage matures on March 1, 2016. The outstanding balance on the mortgage was $2,002,000 at December 31, 2011. The mortgage is secured by the building. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The annual requirements for principal payments on the mortgage are as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="60%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="top" width="90%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="10%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;427,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;457,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;490,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;524,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;104,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Purchasing obligations: &lt;/b&gt;On September 30, 2011, the Company entered into a contract with IFS to implement a new Enterprise Resource Planning (ERP) system. The remaining contract balance at December 31, 2011 was $739,000. The contract includes annual future obligations for the years ending December 31, as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="60%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="85%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="4%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;532,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;207,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Line of credit:&lt;/b&gt; The Company has a $10,000,000 line of credit from Wells Fargo Bank. The Company had no outstanding borrowings against the line of credit at December 31, 2011 and 2010 and the entire credit line is available for use. Interest on borrowings on the credit line is at LIBOR plus 1.1% (1.7% at December 31, 2011). The credit agreement expires October 31, 2013 and is secured by assets of the Company. Our credit agreement contains financial covenants including current ratio, net income, and tangible net worth minimums. The Company was in compliance with all financial covenants as of December 31, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;As of December 31, 2011, the Company had no other material commitments (either cancelable or non-cancelable) for capital expenditures or other purchase commitments related to ongoing operations. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Long-term compensation plans:&lt;/b&gt; The Company has a long term incentive plan. The plan provides long-term competitive compensation to enable the Company to attract and retain qualified executive talent and to reward employees for achieving goals and improving company performance. The plan provides grants of "performance units" made at the beginning of performance periods and paid at the end of the period if performance goals are met. Awards were previously made every other year and are paid following the end of the cycle with annual vesting. Payment in the case of retirement, disability or death will be on a pro rata basis. The Company accrued expense of $286,000, $926,000 and $734,000 in 2011, 2010 and 2009, respectively. Accrual balances for long-term compensation plans at December 31, 2011 and 2010 were $2,024,000 and $1,738,000, respectively. Awards paid were $0 in 2011, $1,332,000 in 2010 and $0 in 2009. Awards for the 2008 to 2011 cycle will be paid out in 2012 in cash, awards for the 2010 to 2013 and the 2011 to 2013 cycles will be paid out 50% in cash and 50% in stock. The stock portion of these awards are treated as equity plans and included within the Stock Compensation footnote below. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Other contingencies: &lt;/b&gt;In the ordinary course of business, the Company is exposed to legal actions and claims and incurs costs to defend against such actions and claims. Company management is not aware of any outstanding or pending legal actions or claims that would materially affect the Company's financial position or results of operations. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:CommonStockDividendsPerShareDeclared contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit13" decimals="INF">0.52</us-gaap:CommonStockDividendsPerShareDeclared>
  <us-gaap:CommonStockDividendsPerShareDeclared contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit13" decimals="INF">0.59</us-gaap:CommonStockDividendsPerShareDeclared>
  <us-gaap:CommonStockDividendsPerShareDeclared contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit13" decimals="INF">0.60</us-gaap:CommonStockDividendsPerShareDeclared>
  <us-gaap:CommonStockParOrStatedValuePerShare contextRef="As_Of_12_31_2010" unitRef="Unit13" decimals="INF">0.05</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockParOrStatedValuePerShare contextRef="As_Of_12_31_2011" unitRef="Unit13" decimals="INF">0.05</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockSharesAuthorized contextRef="As_Of_12_31_2010" unitRef="Unit1" decimals="INF">30000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesAuthorized contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="INF">30000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesIssued contextRef="As_Of_12_31_2010" unitRef="Unit1" decimals="INF">8422890</us-gaap:CommonStockSharesIssued>
  <us-gaap:CommonStockSharesIssued contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="INF">8466774</us-gaap:CommonStockSharesIssued>
  <us-gaap:CommonStockSharesOutstanding contextRef="As_Of_12_31_2010" unitRef="Unit1" decimals="INF">8422890</us-gaap:CommonStockSharesOutstanding>
  <us-gaap:CommonStockSharesOutstanding contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="INF">8466774</us-gaap:CommonStockSharesOutstanding>
  <us-gaap:CommonStockValue contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">421144</us-gaap:CommonStockValue>
  <us-gaap:CommonStockValue contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">423339</us-gaap:CommonStockValue>
  <us-gaap:ComprehensiveIncomeNetOfTax contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">6125061</us-gaap:ComprehensiveIncomeNetOfTax>
  <us-gaap:ComprehensiveIncomeNetOfTax contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">9556918</us-gaap:ComprehensiveIncomeNetOfTax>
  <us-gaap:ComprehensiveIncomeNetOfTax contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">10191109</us-gaap:ComprehensiveIncomeNetOfTax>
  <us-gaap:CostOfRevenue contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">67943557</us-gaap:CostOfRevenue>
  <us-gaap:CostOfRevenue contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">68871678</us-gaap:CostOfRevenue>
  <us-gaap:CostOfRevenue contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">84879924</us-gaap:CostOfRevenue>
  <us-gaap:CostsAndExpenses contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">99573674</us-gaap:CostsAndExpenses>
  <us-gaap:CostsAndExpenses contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">104457926</us-gaap:CostsAndExpenses>
  <us-gaap:CostsAndExpenses contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">126260131</us-gaap:CostsAndExpenses>
  <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">641574</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-518234</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">1695595</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:DeferredTaxAssetsNetCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">4469941</us-gaap:DeferredTaxAssetsNetCurrent>
  <us-gaap:DeferredTaxAssetsNetCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">3455047</us-gaap:DeferredTaxAssetsNetCurrent>
  <us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">585317</us-gaap:DeferredTaxLiabilitiesNoncurrent>
  <us-gaap:DeferredTaxLiabilitiesNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">1476969</us-gaap:DeferredTaxLiabilitiesNoncurrent>
  <us-gaap:DepreciationDepletionAndAmortization contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">1698321</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DepreciationDepletionAndAmortization contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">1858881</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DepreciationDepletionAndAmortization contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">2100735</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 8 &amp;#8211; STOCK COMPENSATION&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;2011 Executive Incentive Compensation Plan &lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;On March 28, 2011 the Board adopted and on May 19, 2011 the Company's shareholders approved the Company's 2011 Executive Incentive Compensation Plan ("2011 Incentive Plan"). The 2011 Incentive Plan authorizes incentive awards to officers, key employees and non-employee directors in the form of options (incentive and non-qualified), stock appreciation rights, restricted stock, restricted stock units, performance stock units ("deferred stock"), performance cash units, and other awards in stock, cash, or a combination of stock and cash. Up to 1,000,000 shares of our common stock may be issued pursuant to awards under the 2011 Incentive Plan. The 2011 Incentive Plan is administered by the Compensation Committee of the Board of Directors. Through December 31, 2011, the only awards that have been made under the 2011 Incentive Plan are those described in following paragraphs. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The 2011 Incentive Plan permits equity awards to non-employee directors either in the form of restricted stock grants or non-qualified stock option awards, or both. On March 28, 2011, the Compensation Committee and the Board determined that, subject to receiving shareholder approval of the 2011 Incentive Plan, each non-employee director elected or re-elected at the May 19, 2011 Annual Shareholders Meeting (the "2011 Shareholders Meeting") would be issued shares of restricted stock having a value of $40,000 based on the closing price of the Company's common stock on May 19, 2011 and also determined this restricted stock would vest after one year and be subject to restrictions on resale for one additional year. At the 2011 Shareholders Meeting, the Company's shareholders approved the 2011 Incentive Plan and, effective as of that date, the Company awarded 2,226 shares of restricted stock to each of the Company's six non-employee directors for a total of 13,356 shares. In addition, on August 11, 2011, the Company's Board awarded a 2,226 share restricted stock grant to the Company's former chief executive officer, who began service as a non-employee director after retiring as chief executive officer on May 19, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;At December 31, 2011, 984,418 shares remained available to be issued under the 2011 Incentive Plan. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Stock Option Plan for Directors &lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Shares of common stock are reserved for issuance to non-employee directors under options granted by the Company prior to 2011 under its Stock Option Plan for Non-Employee Directors (the "Director Plan"). Under the Director Plan nonqualified stock options to acquire 3,000 shares of common stock were automatically granted to each non-employee director concurrent with annual meetings of shareholders in 2010 and earlier years and vested immediately. The exercise price of options granted was the fair market value of the common stock on the date of the respective shareholder meetings. Options granted under the Director Plan expire 10 years from date of grant. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Director Plan was suspended as of May 19, 2011 to prohibit automatic option grants in 2011 in connection with seeking and receiving shareholder approval of the 2011 Incentive Plan, at the 2011 Annual Meeting of Shareholders. As shareholder approval was received, the Board amended the Director Plan to prohibit any future option awards under that plan on August 11, 2011. Stock options were granted to non-employee directors for 0, 18,000, and 18,000 shares in 2011, 2010 and 2009, respectively. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Stock Plan &lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Under the Company's 1992 Stock Plan ("the Stock Plan"), shares of common stock may be issued pursuant to stock options, restricted stock or deferred stock grants to officers and key employees. Exercise prices of stock options under the Stock Plan cannot be less than fair market value of the stock on the date of grant. Rules and conditions governing awards of stock options, restricted stock and deferred stock are determined by the Compensation Committee of the Board of Directors, subject to certain limitations in the Stock Plan. When seeking approval of the 2011 Incentive Plan at the 2011 Shareholders Meeting, the Company committed to amending the Stock Plan to prohibit the issuance of future equity awards if such approval was given. Effective August 11, 2011, the amendment to prohibit future stock options or other equity awards was approved. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;During 2011, prior to amending the Stock Plan to prohibit future awards, stock options were awarded covering 96,250 shares to key executive employees, which options expire seven years from the date of award and vest 25% each year beginning one year after the date of award. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;During 2011, prior to amending the Stock Plan to prohibit future awards, key employees were granted deferred stock awards covering 16,092 shares tied to achievement against performance goals in 2010 under the Company's long term incentive plan. To the extent earned, the deferred stock will be paid out in the first quarter of 2014 to key employees still employed by the Company at that time. The Company also granted deferred stock awards covering 77,588 shares to key employees under the Company's long term incentive plan tied to achievement against performance over the 2011 to 2013 period. The actual number of shares of deferred stock earned by the respective employees, if any, will be determined based on achievement against cumulative performance goals for the three years ending December 31, 2013 and the number of shares earned will be paid in the first quarter of 2014 to those key employees still employed by the Company at that time. During 2011, the Company also granted deferred stock awards of up to 12,156 shares to executive employees that could be earned under the Company's short-term incentive plan if actual revenue equaled or exceeded 150% of 2011 quarterly or annual revenue targets. The number of shares earned by the respective executive employees will be paid out no later than the first quarter of 2012. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;At December 31, 2011 after reserving for stock options and deferred stock awards described in the two preceding paragraphs and adjusting for forfeitures and issuances during the year, there were 162,243 shares reserved for issuance under the Stock Plan. The Company did not award stock options or deferred stock under this plan in 2010 or 2009. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Stock Options Outstanding &lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The following table summarizes changes in the number of outstanding stock options under the Director Plan and Stock Plan during the three years ended December 31, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="50%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Options&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted average &lt;br /&gt;exercise price &lt;br /&gt;per share&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted average &lt;br /&gt;remaining &lt;br /&gt;contractual term&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2008&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;351,350&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9.99&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.78 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Awarded&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;18,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9.73&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(6,400&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10.71&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(173,950&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10.18&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;189,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9.77&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.75 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Awarded&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;18,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;11.82&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(21,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;8.70&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(24,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14.13&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;162,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9.49&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.33 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Awarded&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;96,250&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14.16&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(9,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;8.10&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(12,430&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;11.23&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;236,820&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;11.35&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.18 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Exercisable at December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;164,635&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10.12&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.73 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Expected to vest at December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;235,801&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;11.34&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.17 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The fair value of awards issued under the Company's stock option plan is estimated at grant date using the Black-Scholes option-pricing model. The following table displays the assumptions used in the model. &lt;/font&gt;&lt;/p&gt;&lt;br /&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="52%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended December 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2009&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Expected volatility&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;27.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;27.3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;28.3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Risk free interest rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3.4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3.4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Expected holding period&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Dividend yield&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Total unrecognized compensation expense was $102,000, $0, and $0 for the years ending December 31, 2011, 2010 and 2009, respectively, which is expected to be recognized over the next 3.2 years. The aggregate intrinsic value of all outstanding options, exercisable options, and options expected to vest (the amount by which the market price of the stock on the last day of the period exceeded the market price of the stock on the date of grant) was $651,000 based on the Company's stock price at December 31, 2011. The intrinsic value of options exercised during the year was $61,000, $183,000 and $30,000 in 2011, 2010 and 2009, respectively. Net cash proceeds from the exercise of all stock options were $73,000, $0 and $30,000 for 2011, 2010 and 2009, respectively. The following table summarizes the status of stock options outstanding at December 31, 2011:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="53%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="13%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Range of Exercise Prices&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Shares&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted Average&lt;br /&gt;Remaining&lt;br /&gt;Option Life&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted&lt;br /&gt;Average&lt;br /&gt;Exercise Price&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$7.13 to $8.64&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;45,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1.4 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7.59&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$8.65 to $9.99&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;33,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6.0 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9.67&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$10.00 to $12.00&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;69,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.9 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10.95&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$12.01 to $14.50&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;89,820&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6.2 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14.16&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company receives an income tax benefit related to the gains received by officers and key employees who make disqualifying dispositions of stock received on exercise of qualified incentive stock options and on non-qualified options. The amount of tax benefit received by the Company was $22,000, $35,000 and $0 in 2011, 2010 and 2009 respectively. The tax benefit amounts have been credited to additional paid-in capital. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Deferred Stock Outstanding&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The following table summarizes the changes in the number of deferred stock shares under the Stock Plan and 2011 Incentive Plan over the period December 31, 2010 to December 31, 2011:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="80%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="59%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="14%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="14%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Shares&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted Average&lt;br /&gt;Grant Date&lt;br /&gt;Fair Value&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Granted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;105,836&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15.15&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Vested&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,657&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15.40&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(31,330&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15.27&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Outstanding &amp;#8211; December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;71,849&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15.14&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The grant date fair value is calculated based on the Company's closing stock price as of the grant date. As of December 31, 2011, the total unrecognized compensation expense related to the deferred stock shares was $302,000 and is expected to be recognized over a weighted-average period of 2 years.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Compensation Expense&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Share-based compensation expense is recognized based on the fair value of awards granted over the vesting period of the award. Share-based compensation expense recognized for 2011, 2010 and 2009 was $449,000, $39,000 and $32,000 before income taxes and $292,000, $25,000 and $20,000 after income taxes, respectively. Share-based compensation expense is recorded as a part of selling, general and administrative expenses.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Employee Stock Purchase Plan&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Under the Company's Employee Stock Purchase Plan ("ESPP") employees are able to acquire shares of common stock at 90% of the price at the end of each current quarterly plan term. The most recent term ended December 31, 2011. The ESPP is considered compensatory under current rules. At December 31, 2011, after giving effect to the shares issued as of that date, 66,413 shares remain available for purchase under the ESPP.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;Employee Stock Ownership Plan (ESOP)&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;All eligible employees of the Company participate in the ESOP after completing one year of service. Contributions are allocated to each participant based on compensation and vest 30% after three years of service and incrementally thereafter, with full vesting after seven years. At December 31, 2011, the ESOP held 531,137 shares of the Company's common stock, all of which have been allocated to the accounts of eligible employees. Contributions to the plan are determined by the Board of Directors and can be made in cash or shares of the Company's stock. The 2011 ESOP contribution was $508,199 for which the Company issued 36,145 shares in March 2012. The 2010 ESOP contribution was $316,027 for which the Company issued 22,493 shares in 2011. The Company's 2009 ESOP contribution was $471,563 for which the Company issued 37,907 shares of common stock to the ESOP in 2010. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
  <us-gaap:Dividends contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">4507536</us-gaap:Dividends>
  <us-gaap:Dividends contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">4507536</us-gaap:Dividends>
  <us-gaap:Dividends contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">4952878</us-gaap:Dividends>
  <us-gaap:Dividends contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">4952878</us-gaap:Dividends>
  <us-gaap:Dividends contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">5101340</us-gaap:Dividends>
  <us-gaap:Dividends contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">5101340</us-gaap:Dividends>
  <us-gaap:DividendsPayableAmount contextRef="As_Of_12_31_2009" unitRef="Unit12" decimals="0">1169040</us-gaap:DividendsPayableAmount>
  <us-gaap:DividendsPayableAmount contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">1263434</us-gaap:DividendsPayableAmount>
  <us-gaap:DividendsPayableAmount contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">1270016</us-gaap:DividendsPayableAmount>
  <us-gaap:DividendsPayableCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">1263434</us-gaap:DividendsPayableCurrent>
  <us-gaap:DividendsPayableCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">1299963</us-gaap:DividendsPayableCurrent>
  <us-gaap:EarningsPerShareBasic contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit13" decimals="2">0.72</us-gaap:EarningsPerShareBasic>
  <us-gaap:EarningsPerShareBasic contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit13" decimals="2">1.16</us-gaap:EarningsPerShareBasic>
  <us-gaap:EarningsPerShareBasic contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit13" decimals="2">1.16</us-gaap:EarningsPerShareBasic>
  <us-gaap:EarningsPerShareDiluted contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit13" decimals="2">0.72</us-gaap:EarningsPerShareDiluted>
  <us-gaap:EarningsPerShareDiluted contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit13" decimals="2">1.15</us-gaap:EarningsPerShareDiluted>
  <us-gaap:EarningsPerShareDiluted contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit13" decimals="2">1.15</us-gaap:EarningsPerShareDiluted>
  <us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">140757</us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents>
  <us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-45385</us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents>
  <us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-33084</us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">3951401</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">5870000</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">467</us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">34981</us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">21920</us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">467</us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">34981</us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities>
  <us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">21920</us-gaap:ExcessTaxBenefitFromShareBasedCompensationOperatingActivities>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 12 &amp;#8211; FAIR VALUE MEASUREMENTS &lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date: &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Level 1 &amp;#8211; Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Level 2 &amp;#8211; Observable inputs such as quoted prices for similar instruments and quoted prices in markets that are not active, and inputs that are directly observable or can be corroborated by observable market data. The types of assets and liabilities included in Level 2 are typically either comparable to actively traded securities or contracts, such as treasury securities with pricing interpolated from recent trades of similar securities, or priced with models using highly observable inputs, such as commodity options priced using observable forward prices and volatilities.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Level 3 &amp;#8211; Significant inputs to pricing that have little or no observability as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as the complex and subjective models and forecasts used to determine the fair value of financial instruments. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company's assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2011 and December 31, 2010, respectively, include money market funds within cash equivalents of $830,000 and $9,624,000 classified as level one within the hierarchy and certificate of deposits within investments of $23,519,000 and $26,287,000 classified as level two. The Company does not have any assets or liabilities classified as level three within the hierarchy, other than the pension assets already discussed in Note 6.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">39919</us-gaap:GainLossOnDispositionOfAssets>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-9238</us-gaap:GainLossOnDispositionOfAssets>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-27081</us-gaap:GainLossOnDispositionOfAssets>
  <us-gaap:Goodwill contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">4560217</us-gaap:Goodwill>
  <us-gaap:Goodwill contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">5990571</us-gaap:Goodwill>
  <us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 5 &amp;#8211; GOODWILL AND OTHER INTANGIBLE ASSETS &lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The changes in the carrying amount of goodwill for the years ended December 31, 2011 and 2010 by segment are as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="59%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Suttle&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Transition &lt;br /&gt;Networks&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Total&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;January 1, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,288,231&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,560,217&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;December 31, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,288,231&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,560,217&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Impairment loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Acquisition&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,702,340&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,702,340&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,990,571&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,990,571&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross goodwill&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,990,571&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,262,557&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Accumulated impairment loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Balance at December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,990,571&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,990,571&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;During our fiscal quarter ended June 30, 2011, based on greater than expected decline in actual and forecasted profitability of legacy products in our Suttle business unit, as well as, significant project delays that occurred related to Suttle's new technologies, we concluded that that these events and circumstances were indicators to require us to perform an interim goodwill impairment analysis of our Suttle business unit. This analysis included the determination of the reporting unit's fair value primarily using discounted cash flows modeling. Based on the step one and step two analysis, considering Suttle's reduced earnings and cash flow forecasts, the Company determined that Suttle's goodwill was fully impaired and recorded a goodwill impairment for the Suttle segment of $1,272,000. This non-recurring fair value measurement is a "Level 3" measurement under the fair value hierarchy described in Note 12. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company's identifiable intangible assets with finite lives are being amortized over their estimated useful lives and were as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="95%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="40%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="10%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="10%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="13%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="10%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="11"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December 31, 2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="11"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Gross Carrying &lt;br /&gt;Amount&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Accumulated &lt;br /&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Foreign Currency &lt;br /&gt;Translation&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Net&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Trademarks&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;81,785&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,599&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,520&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;72,666&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Customer relationships&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;490,707&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(19,316&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(27,114&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;444,277&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Technology&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;228,996&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(18,029&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(12,652&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;198,315&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;801,488&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(41,944&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(44,286&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;715,258&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Amortization expense on these identifiable intangible assets was $42,000 in 2011. The amortization expense is included in selling, general and administrative expenses. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
  <us-gaap:GoodwillImpairmentLoss contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">196020</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:GoodwillImpairmentLoss contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">1271986</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">10799340</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">15634537</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">17619990</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 10 - INCOME TAXES&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Income tax expense from continuing operations consists of the following:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="56%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended December 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2009&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Currently payable income taxes:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Federal&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,609,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,906,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,766,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;State&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;414,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;581,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;362,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Foreign&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;103,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(50,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(14,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,126,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,437,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,114,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Deferred income taxes (benefit):&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Federal&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,204,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(522,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;551,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;State&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;72,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(10,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Foreign&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;420,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;54,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,696,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(518,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;642,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,822,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,919,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,756,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Austin Taylor Communications, Ltd. operates in the United Kingdom (U.K.) and is subject to U.K. rather than U.S. income taxes. Austin Taylor had pretax losses of $1,474,000, $1,119,000 and $1,252,000 in 2011, 2010 and 2009 respectively. At the end of 2011, Austin Taylor's net operating loss carry-forward was $6,986,000. $56,000 of the 2011 pretax loss will provide group relief to Patapsco, a U.K. company acquired by Communications Systems, Inc. during 2011. The Company remains uncertain that it will be able to generate the future income needed to realize the tax benefit of the carry-forward. Accordingly, the Company has continued to maintain its deferred tax valuation allowance against the potential carry-forward benefit. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;In 2007, Transition Networks China began operations in China and is subject to Chinese taxes rather than U.S. income taxes. Transition Networks China had pretax income of $24,000 in 2011 and pretax losses of $115,000 and $190,000 in 2010 and 2009 respectively. At the end of 2011, Transition Networks China's net operating loss carry-forward was $1,730,000. Due to the history of losses in China the Company remains uncertain that it will be able to generate the future income needed to realize the tax benefit of the carry-forward. Accordingly, the Company has continued to maintain its deferred tax valuation allowance against the potential carry-forward benefit. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Suttle Costa Rica, S.A. operates in Costa Rica and is subject to Costa Rica income taxes. In 2005, the Board of Directors of Suttle Costa Rica S. A. declared a dividend in the amount of $3,500,000 payable to the Company. The dividend and related "dividend reinvestment plan" qualify under Internal Revenue Code Sec. 965, which allows the Company to receive an 85% dividend received deduction if the amount of the dividend is reinvested in the United States pursuant to a domestic reinvestment plan. The Company made the required qualified capital expenditures in 2006. It is the Company's intention to maintain the remaining undistributed earnings in its Costa Rica subsidiary to support continued operations there. No deferred taxes have been provided for the undistributed earnings. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Suttle Costa Rica had pretax income of $155,000 and $80,000 in 2011 and 2010 respectively and pretax loss of $519,000 in 2009. At the end of 2011, Suttle Costa Rica's net operating loss carry-forward was $519,000. The Costa Rican tax authorities may allow losses to be carried forward to future periods at their discretion. The Company believes that it is unlikely that the Costa Rican tax authorities would grant the request to defer the prior years' net operating losses to future periods. Therefore, the Company has placed a deferred tax valuation allowance against the potential carry-forward benefit.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The provision for income taxes for continuing operations varied from the federal statutory tax rate as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="56%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended December 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="8"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2009&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Tax at U.S. statutory rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;35.0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;35.0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;35.0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Surtax exemption&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.3&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.6&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;State income taxes, net of federal benefit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1.9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.5&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Foreign income taxes, net of foreign tax credits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr bgcolor="#d6f3e8"&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Impairment of goodwill&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.5&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Other&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;.6&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1.6&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2.5&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr bgcolor="#d6f3e8"&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Effective tax rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;44.4&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;37.9&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;44.0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Deferred tax assets and liabilities as of December 31 related to the following:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="85%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="65%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="11%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Deferred tax assets:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;58,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;184,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Inventory&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,611,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,347,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Accrued and prepaid expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;762,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;939,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Domestic net operating loss carry-forward&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;186,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;265,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Long-term compensation plans&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;298,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;338,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Nonemployee director stock compensation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;128,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;71,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Other stock compensation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;122,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;State income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;63,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;58,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Foreign net operating loss carry-forwards and credits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,625,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,660,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,853,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,862,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Valuation allowance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,624,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,216,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Net deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,229,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,646,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Depreciation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,577,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,373,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Intangible assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(674,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(388,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross deferred tax liability&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,251,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,761,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Total net deferred tax asset&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,978,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,885,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;As part of previous acquisitions, the Company purchased net operating loss carry-forwards in the amount of $3,790,000. At December 31, 2011, the Company had $531,000 remaining net operating loss carry-forwards for income tax purposes which expire in 2014. Utilization of net operating loss carry-forwards is limited to $228,000 per year in future years.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company assesses uncertain tax positions in accordance with ASC 740. Under this method, the Company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such uncertain tax positions are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. The Company's practice is to recognize interest and penalties related to income tax matters in income tax expense.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Changes in the Company's unrecognized tax benefits are summarized as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="52%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2009&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Unrecognized tax benefits &amp;#8211; January 1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;270,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;349,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;380,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross increases - tax positions in prior period&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross decreases - tax positions in prior period&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross increases - current period tax positions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;66,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Expiration of statute of limitations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(43,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(86,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(97,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Unrecognized tax benefits &amp;#8211; December 31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;234,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;270,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;349,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Included in the balance of unrecognized tax benefits at December 31, 2011 are $342,000 of tax benefits that if recognized would affect the tax rate. The Company's unrecognized tax benefits could be reduced by $81,000 in the next twelve months due to statute of limitations expirations. The Company's income tax liability accounts included accruals for interest and penalties of $172,000 at December 31, 2011. The Company's 2011 income tax expense was decreased by $236,000 due to net decreases for accrued interest and penalties.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company's federal and state tax returns and tax returns it has filed in Costa Rica and the United Kingdom are open for review going back to the 2008 tax year. Puerto Rico has no statute of limitations on tax returns.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:IncomeTaxesPaidNet contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">4472507</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:IncomeTaxesPaidNet contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">6315827</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:IncomeTaxesPaidNet contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">10037938</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">4755695</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">5919104</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">7822124</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">827562</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">407757</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-1025703</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-2287237</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">2521012</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-3273730</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-21112</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
  <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-10158</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
  <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-335374</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
  <us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">1791395</us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
  <us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">417873</us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
  <us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">751925</us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
  <us-gaap:IncreaseDecreaseInInventories contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-4908760</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:IncreaseDecreaseInInventories contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-69693</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:IncreaseDecreaseInInventories contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">602414</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:IncreaseDecreaseInOtherAccruedLiabilities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-263369</us-gaap:IncreaseDecreaseInOtherAccruedLiabilities>
  <us-gaap:IncreaseDecreaseInOtherAccruedLiabilities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">301376</us-gaap:IncreaseDecreaseInOtherAccruedLiabilities>
  <us-gaap:IncreaseDecreaseInOtherAccruedLiabilities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">395133</us-gaap:IncreaseDecreaseInOtherAccruedLiabilities>
  <us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">10116</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
  <us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">52913</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
  <us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">78349</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
  <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">116707</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
  <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-3092</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
  <us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">32022</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
  <us-gaap:IncreaseDecreaseInPrepaidTaxes contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">337274</us-gaap:IncreaseDecreaseInPrepaidTaxes>
  <us-gaap:IncreaseDecreaseInPrepaidTaxes contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-40688</us-gaap:IncreaseDecreaseInPrepaidTaxes>
  <us-gaap:IncreaseDecreaseInPrepaidTaxes contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">3600652</us-gaap:IncreaseDecreaseInPrepaidTaxes>
  <us-gaap:InterestExpenseOther contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">269151</us-gaap:InterestExpenseOther>
  <us-gaap:InterestExpenseOther contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">221611</us-gaap:InterestExpenseOther>
  <us-gaap:InterestExpenseOther contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">181393</us-gaap:InterestExpenseOther>
  <us-gaap:InterestPaid contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">225883</us-gaap:InterestPaid>
  <us-gaap:InterestPaid contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">201191</us-gaap:InterestPaid>
  <us-gaap:InterestPaid contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">165514</us-gaap:InterestPaid>
  <us-gaap:InventoryDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 2 - INVENTORIES &lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Inventories consist of:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="72%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December 31&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Finished goods&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14,010,071&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;13,684,884&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Raw and processed materials&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;11,975,932&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10,814,051&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,986,003&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;24,498,935&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:InventoryNet contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">24498935</us-gaap:InventoryNet>
  <us-gaap:InventoryNet contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">25986003</us-gaap:InventoryNet>
  <us-gaap:InvestmentIncomeInterestAndDividend contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">810039</us-gaap:InvestmentIncomeInterestAndDividend>
  <us-gaap:InvestmentIncomeInterestAndDividend contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">251002</us-gaap:InvestmentIncomeInterestAndDividend>
  <us-gaap:InvestmentIncomeInterestAndDividend contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">313544</us-gaap:InvestmentIncomeInterestAndDividend>
  <us-gaap:LiabilitiesAndStockholdersEquity contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">109070227</us-gaap:LiabilitiesAndStockholdersEquity>
  <us-gaap:LiabilitiesAndStockholdersEquity contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">116658916</us-gaap:LiabilitiesAndStockholdersEquity>
  <us-gaap:LiabilitiesCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">12669378</us-gaap:LiabilitiesCurrent>
  <us-gaap:LiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">15387646</us-gaap:LiabilitiesCurrent>
  <us-gaap:LiabilitiesNoncurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">5004156</us-gaap:LiabilitiesNoncurrent>
  <us-gaap:LiabilitiesNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">3740710</us-gaap:LiabilitiesNoncurrent>
  <us-gaap:LongTermDebtCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">399209</us-gaap:LongTermDebtCurrent>
  <us-gaap:LongTermDebtCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">427345</us-gaap:LongTermDebtCurrent>
  <us-gaap:LongTermInvestments contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">4588267</us-gaap:LongTermInvestments>
  <us-gaap:LongTermInvestments contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">4883510</us-gaap:LongTermInvestments>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-4563063</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-4888619</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-5184845</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-21872928</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-9297712</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-3120432</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">17637121</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">9725826</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">14066513</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">6043645</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">6043645</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">9715433</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">9715433</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">9797866</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">9797866</us-gaap:NetIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">580807</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">20153</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">105070</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">10218533</us-gaap:OperatingIncomeLoss>
  <us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">15614384</us-gaap:OperatingIncomeLoss>
  <us-gaap:OperatingIncomeLoss contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">17514920</us-gaap:OperatingIncomeLoss>
  <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">1669776</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAccruedLiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">2388867</us-gaap:OtherAccruedLiabilitiesCurrent>
  <us-gaap:OtherAssetsCurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">908102</us-gaap:OtherAssetsCurrent>
  <us-gaap:OtherAssetsCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">999863</us-gaap:OtherAssetsCurrent>
  <us-gaap:OtherAssetsMiscellaneousNoncurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">153938</us-gaap:OtherAssetsMiscellaneousNoncurrent>
  <us-gaap:OtherAssetsMiscellaneousNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">913869</us-gaap:OtherAssetsMiscellaneousNoncurrent>
  <us-gaap:OtherAssetsNoncurrent contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">9651997</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherAssetsNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">12693502</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-237386</us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-182770</us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease>
  <us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">934934</us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">81416</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">81416</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-158515</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">-158515</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">393243</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">393243</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent>
  <us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">-285000</us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-43999</us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">525000</us-gaap:OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">33802</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">-19744</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">-16691</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:PaymentsForRepurchaseOfCommonStock contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">53117</us-gaap:PaymentsForRepurchaseOfCommonStock>
  <us-gaap:PaymentsOfDividends contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">4332666</us-gaap:PaymentsOfDividends>
  <us-gaap:PaymentsOfDividends contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">4858484</us-gaap:PaymentsOfDividends>
  <us-gaap:PaymentsOfDividends contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">5064811</us-gaap:PaymentsOfDividends>
  <us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">3138367</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
  <us-gaap:PaymentsToAcquireInvestments contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">34841042</us-gaap:PaymentsToAcquireInvestments>
  <us-gaap:PaymentsToAcquireInvestments contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">20339715</us-gaap:PaymentsToAcquireInvestments>
  <us-gaap:PaymentsToAcquireInvestments contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">20884014</us-gaap:PaymentsToAcquireInvestments>
  <us-gaap:PaymentsToAcquireProductiveAssets contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">3237558</us-gaap:PaymentsToAcquireProductiveAssets>
  <us-gaap:PaymentsToAcquireProductiveAssets contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">1794422</us-gaap:PaymentsToAcquireProductiveAssets>
  <us-gaap:PaymentsToAcquireProductiveAssets contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">2755991</us-gaap:PaymentsToAcquireProductiveAssets>
  <us-gaap:PostemploymentBenefitsDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 6 - EMPLOYEE RETIREMENT BENEFITS&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company has an Employee Savings Plan (401(k)) and matches a percentage of employee contributions up to six percent of compensation. Contributions to the plan in 2011, 2010 and 2009 were $479,000, $456,000, and $420,000, respectively. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company's U.K.-based subsidiary Austin Taylor maintains defined benefit pension plans that cover approximately seven active employees. The Company does not provide any other post-retirement benefits to its employees. The following table summarizes the balance sheet impact, including benefit obligations, assets and funded status of Austin Taylor's pension plans at December 31, 2011 and 2010: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="74%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="4%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Change in benefit obligation:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Benefit obligation at the beginning of the year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,919,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,623,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Service cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;36,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Interest cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;239,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;257,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Participant contributions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;19,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Augmentations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Actuarial (gains)/losses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;62,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;254,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Benefits paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(162,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(147,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Foreign currency gains&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(133,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Benefit obligation at the end of the year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,150,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,919,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Change in plan assets:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Fair value of plan assets at beginning of year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,269,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,023,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Actual return on plan assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;892,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;464,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Employer contributions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;48,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;54,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Participant contributions&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;19,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Benefits paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(162,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(147,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Foreign currency losses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(6,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(144,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Fair value of plan assets at end of year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,056,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,269,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Funded status at end of year &amp;#8211; net asset /(liability)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;906,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;350,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="95%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="top" width="79%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="8%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="4%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="8%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Weighted average assumptions used to determine net periodic pension costs:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Discount rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.5&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"&gt;&lt;font class="_mt" size="2"&gt;Expected return on assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4.2&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5.1&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="top"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The plans are funded through UK government gilts and an insurance contract both recorded in the financial statements at fair value. The related amounts for each of these investments were $3,193,000 and $2,864,000 as of December 31, 2011 and were determined to be level 2 and level 3 investments, respectively. Level 2 investments are valued based on observable inputs such as quoted prices for similar instruments and quoted prices in markets that are not active. Level 3 investments are valued based on significant unobservable inputs. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company does not expect any plan assets to be returned to the Company during the twelve months subsequent to December 31, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company expects to make contributions of $48,000 to the plan in 2012.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company estimates its future pension benefit payments will be as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="60%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="85%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="4%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;351,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;280,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;471,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;252,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;227,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2017 thru 2021&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,043,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Components of the Company's net periodic pension costs are:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="65%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="7%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="7%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="7%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2009&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Service cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;36,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;37,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Interest cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;240,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;258,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;261,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Expected return on assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(267,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(244,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(226,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Amortization of prior service cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Net periodic pension cost&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;55,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;60,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;72,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;/div&gt;</us-gaap:PostemploymentBenefitsDisclosureTextBlock>
  <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="As_Of_12_31_2010" unitRef="Unit13" decimals="INF">1.00</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="As_Of_12_31_2011" unitRef="Unit13" decimals="INF">1.00</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:PreferredStockSharesAuthorized contextRef="As_Of_12_31_2010" unitRef="Unit1" decimals="INF">3000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockSharesAuthorized contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="INF">3000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockSharesIssued contextRef="As_Of_12_31_2010" unitRef="Unit1" decimals="INF">0</us-gaap:PreferredStockSharesIssued>
  <us-gaap:PreferredStockSharesIssued contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="INF">0</us-gaap:PreferredStockSharesIssued>
  <us-gaap:PreferredStockValue xsi:nil="true" contextRef="As_Of_12_31_2010" unitRef="Unit12" />
  <us-gaap:PreferredStockValue xsi:nil="true" contextRef="As_Of_12_31_2011" unitRef="Unit12" />
  <us-gaap:PrepaidPensionCosts contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">349575</us-gaap:PrepaidPensionCosts>
  <us-gaap:PrepaidPensionCosts contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">905552</us-gaap:PrepaidPensionCosts>
  <us-gaap:PrepaidTaxes contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">296586</us-gaap:PrepaidTaxes>
  <us-gaap:PrepaidTaxes contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">3893003</us-gaap:PrepaidTaxes>
  <us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">170626</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">307810</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">257255</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">16099000</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
  <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">12808642</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
  <us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">23635385</us-gaap:ProceedsFromSaleMaturityAndCollectionsOfInvestments>
  <us-gaap:ProceedsFromSaleOfProductiveAssets contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">106672</us-gaap:ProceedsFromSaleOfProductiveAssets>
  <us-gaap:ProceedsFromSaleOfProductiveAssets contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">27783</us-gaap:ProceedsFromSaleOfProductiveAssets>
  <us-gaap:ProceedsFromSaleOfProductiveAssets contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">22555</us-gaap:ProceedsFromSaleOfProductiveAssets>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 3 - PROPERTY, PLANT AND EQUIPMENT&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Property, plant and equipment and the estimated useful lives are as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="50%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="12%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December 31&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" rowspan="2" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Estimated &lt;br /&gt;useful life&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt; &lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Land&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,114,330&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,099,988&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Buildings and improvements&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7-40 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;8,779,969&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;8,449,395&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Machinery and equipment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3-15 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;23,266,325&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;21,889,116&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Furniture and fixtures&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5-10 years&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,966,579&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,569,720&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Construction in progress&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;515,095&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;39,642,298&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;37,008,219&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Less accumulated depreciation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(25,623,279&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(23,794,152&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14,019,019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;13,214,067&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">13214067</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">14019019</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:RepaymentsOfSecuredDebt contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">348373</us-gaap:RepaymentsOfSecuredDebt>
  <us-gaap:RepaymentsOfSecuredDebt contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">372926</us-gaap:RepaymentsOfSecuredDebt>
  <us-gaap:RepaymentsOfSecuredDebt contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">399209</us-gaap:RepaymentsOfSecuredDebt>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">56769816</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">61466342</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:SalesRevenueNet contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">109792207</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">120072310</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">143775051</us-gaap:SalesRevenueNet>
  <us-gaap:SecuredLongTermDebt contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">2002339</us-gaap:SecuredLongTermDebt>
  <us-gaap:SecuredLongTermDebt contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">1574993</us-gaap:SecuredLongTermDebt>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 11- INFORMATION CONCERNING INDUSTRY SEGMENTS AND MAJOR CUSTOMERS&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company classifies its businesses into four segments: Suttle, which manufactures U.S. standard modular connecting and wiring devices for voice and data communications; Transition Networks, which designs and markets data transmission, computer network and media conversion products and print servers; JDL Technologies, (JDL), which provides IT services; and Austin Taylor which manufactures British standard telephone equipment and equipment enclosures for the U.K and international markets. Non-allocated corporate general and administrative expenses are categorized as "Other" in the Company's segment reporting. Management has chosen to organize the enterprise and disclose reportable segments based on products and services. There are no material intersegment revenues.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Suttle products are sold principally to U.S. customers. Suttle operates manufacturing facilities in the U.S. and Costa Rica. Net long-lived assets held in foreign countries were approximately $831,000 and $506,000 at December 31, 2011 and 2010, respectively. Transition Networks manufactures its products in the United States and makes sales in both the U.S. and international markets. JDL Technologies operates in the U.S. and makes sales in the U.S. Austin Taylor operates a manufacturing facility in the U.K. and makes sales in the U.K. and internationally. Consolidated sales to U.S. customers were approximately 85%, 81% and 82% of sales from continuing operations in 2011, 2010 and 2009 respectively. In 2011, sales to one of Transition Networks' customers accounted for 22.8% of consolidated sales. In 2010, sales to two of Transition Networks' customers accounted for 15.1% and 12.0% of consolidated sales and one of JDL Technologies' customers accounted for 10.3% of consolidated sales. In 2009, sales to one of Transition Networks' customers accounted for 16.7% of consolidated sales and one of Suttle's customers accounted for 12.2% of consolidated sales.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Information concerning the Company's operations in the various segments for the twelve-month periods ended December 31, 2011, 2010 and 2009 is as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="20%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="8%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Suttle&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Transition&lt;br /&gt;Networks&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;JDL&lt;br /&gt;Technologies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Austin&lt;br /&gt;Taylor&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;36,636,915&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;91,450,014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;12,400,553&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,287,569&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;143,775,051&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Cost of sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;27,365,489&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,825,149&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,262,006&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,427,280&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;84,879,924&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9,271,426&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;44,624,865&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,138,547&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(139,711&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;58,895,127&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Selling, general and administrative expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,897,672&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;23,730,729&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,982,353&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,320,094&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,177,373&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;40,108,221&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,271,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Operating income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,101,768&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;20,894,136&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,156,194&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,459,805&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(6,177,373&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;17,514,920&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Depreciation and amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;906,004&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;755,789&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;106,622&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;40,252&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;292,068&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,100,735&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Capital expenditures&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;935,030&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,028,941&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;51,789&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;740,231&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,755,991&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,512,978&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;33,589,083&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,844,572&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,401,323&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;53,310,960&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;116,658,916&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Suttle&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Transition&lt;br /&gt;Networks&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;JDL&lt;br /&gt;Technologies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Austin&lt;br /&gt;Taylor&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;36,561,669&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;67,782,482&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;12,712,244&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,015,915&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;120,072,310&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Cost of sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;26,880,667&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;31,826,169&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,132,263&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,032,579&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;68,871,678&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9,681,002&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;35,956,313&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;5,579,981&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(16,664&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;51,200,632&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Selling, general and administrative expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,638,163&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;21,459,214&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,470,086&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,084,345&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,934,440&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;35,586,248&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Operating income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,042,839&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14,497,099&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,109,895&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,101,009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,934,440&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15,614,384&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Depreciation and amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;830,986&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;604,873&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;102,850&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,194&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;294,978&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,858,881&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Capital expenditures&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;741,820&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;680,819&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;197,784&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9,854&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;164,145&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,794,422&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;19,357,569&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;32,383,709&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,493,717&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,406,939&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;51,428,293&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;109,070,227&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="20%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Suttle&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Transition&lt;br /&gt;Networks&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;JDL&lt;br /&gt;Technologies&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Austin&lt;br /&gt;Taylor&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;2009&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;42,866,947&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;55,098,346&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;8,765,415&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,061,499&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;109,792,207&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Cost of sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;33,095,673&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,768,865&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,011,918&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,067,101&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;67,943,557&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9,771,274&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;29,329,481&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,753,497&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,602&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;41,848,650&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Selling, general and administrative expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,054,170&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;19,371,120&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,298,790&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,012,194&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,697,823&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;31,434,097&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Impairment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;196,020&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;196,020&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Operating income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,717,104&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;9,958,361&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,454,707&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,213,816&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,697,823&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10,218,533&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Depreciation and amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;651,407&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;579,816&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;155,744&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;76,495&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;234,859&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,698,321&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Capital expenditures&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,667,916&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;355,129&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;37,026&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;114,153&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;63,334&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,237,558&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;21,110,624&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;29,640,360&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,548,930&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,044,746&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;46,569,034&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;102,913,694&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">31434097</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">35586248</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:SellingGeneralAndAdministrativeExpense contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">40108221</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">31571</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">39093</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">448896</us-gaap:ShareBasedCompensation>
  <us-gaap:SharesOutstanding contextRef="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">8282349</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding contextRef="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">8352883</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">8422890</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">8466774</us-gaap:SharesOutstanding>
  <us-gaap:ShortTermInvestments contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">21698905</us-gaap:ShortTermInvestments>
  <us-gaap:ShortTermInvestments contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">18635601</us-gaap:ShortTermInvestments>
  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Description of business: &lt;/b&gt;Communications Systems, Inc. (herein collectively called "CSI," "our" or the "Company") is a Minnesota corporation organized in 1969 that operates directly and through its subsidiaries located in the United States, Costa Rica, the United Kingdom and China. CSI is principally engaged through its Suttle and Austin Taylor business units in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems and through its Transition Networks business unit in the manufacture of media and rate conversion products for telecommunications networks. CSI also provides through its JDL Technologies business unit IT solutions including network design, computer infrastructure installations, IT service management, change management, network security and network operations services. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company classifies its businesses into four segments: &lt;i&gt;Suttle&lt;/i&gt;, which manufactures U.S. standard modular connecting and wiring devices for voice and data communications; &lt;i&gt;Transition Networks,&lt;/i&gt; which designs and markets media conversion products, ethernet switches, and other connectivity and data transmission products; &lt;i&gt;Austin Taylor, &lt;/i&gt;which manufactures British standard line jacks, patch panels, metal boxes, distribution and central office frames; and &lt;i&gt;JDL Technologies, (JDL&lt;/i&gt;), which provides IT services; non-allocated general and administrative expenses are separately accounted for as "Other" in the Company's segment reporting. There are no material intersegment revenues. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Principles of consolidation: &lt;/b&gt;The consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany transactions and accounts have been eliminated. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Use of estimates: &lt;/b&gt;The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses estimates based on the best information available in recording transactions and balances resulting from operations. Actual results could differ from those estimates. The Company's estimates consist principally of reserves for doubtful accounts, sales returns, warranty costs, asset impairment evaluations, accruals for compensation plans, self-insured medical and dental accruals, pension liabilities, lower of cost or market inventory adjustments, provisions for income taxes and deferred taxes and depreciable lives of fixed assets. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Cash equivalents:&lt;/b&gt; For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. As of December 31, 2011, the Company had $22.5 million in cash and cash equivalents. Of this amount, $0.8 million was invested in short-term money market funds that are not considered to be bank deposits and are not insured or guaranteed by the federal deposit insurance company (FDIC) or other government agency. These money market funds seek to preserve the value of the investment at $1.00 per share; however, it is possible to lose money investing in these funds. The remainder is operating cash and certificates of deposit which are fully insured through the FDIC. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Investments:&lt;/b&gt; Investments consist of certificates of deposit that are traded on the open market and are classified as available-for-sale at December 31, 2011. Available-for-sale investments are reported at fair value with unrealized gains and losses excluded from operations and reported as a separate component of stockholders' equity, net of tax (see Accumulated Comprehensive income below). &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Inventories:&lt;/b&gt; Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. Provision to reduce inventories to the lower of cost or market is made based on a review of excess and obsolete inventories, estimates of future sales, examination of historical consumption rates and the related value of component parts. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Property, plant and equipment: &lt;/b&gt;Property, plant and equipment are recorded at cost. Depreciation is computed using the straight-line method. Depreciation included in cost of sales and selling, general and administrative expenses for continuing operations was $2,058,000, $1,859,000 and $1,698,000 for 2011, 2010 and 2009, respectively. Maintenance and repairs are charged to operations and additions or improvements are capitalized. Items of property sold, retired or otherwise disposed of are removed from the asset and accumulated depreciation accounts and any gains or losses on disposal are reflected in operations. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Goodwill and Other Intangible Assets:&lt;/b&gt; Goodwill represents the amount by which the purchase prices (including liabilities assumed) of acquired businesses exceed the estimated fair value of the net tangible assets and separately identifiable assets of these businesses. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested at least annually for impairment. The Company reassesses the value of our reporting units and related goodwill balances at the end of each fiscal year and at other times if events have occurred or circumstances exist that indicate the carrying amount of goodwill may not be recoverable. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Recoverability of long-lived assets: &lt;/b&gt;The Company reviews its long-lived assets periodically to determine potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected future net cash flows is less than the carrying value, an impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value of the asset. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Warranty: &lt;/b&gt;The Company reserves for the estimated cost of product warranties at the time revenue is recognized. We estimate the costs of our warranty obligations based on our warranty policy or applicable contractual warranty, historical experience of known product failure rates, and use of materials and service delivery costs incurred in correcting product failures. Management reviews the estimated warranty liability on a quarterly basis to determine its adequacy. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The following table presents the changes in the Company's warranty liability for the years ended December 31, 2011 and 2010, which relate to normal product warranties and a five-year obligation to provide for potential future liabilities for certain network equipment sales: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="72%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended December 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Beginning balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;616,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;648,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Amounts charged to expense&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;258,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;162,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Actual warranty costs paid&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(240,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(194,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Ending balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;634,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;616,000&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Accumulated Comprehensive income: &lt;/b&gt;The components of accumulated other comprehensive income are as follows: &lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="90%" align="center"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="72%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="3%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="9%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="5"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;2010&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Foreign currency translation&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(337,597&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,272,530&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Unrealized gain on available-for-sale investments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,633&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;14,058&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&lt;font class="_mt" size="2"&gt;Minimum pension liability&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;447,836&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;972,836&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;107,606&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(285,636&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p style="text-indent: -8.65pt; margin-left: 8.65pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;
&lt;hr  align="center" size="3" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The functional currency of Austin Taylor and Patapsco is the British pound. Assets and liabilities denominated in this foreign currency were translated into U.S. dollars at year-end exchange rates. Revenue and expense transactions were translated using average exchange rates. Suttle Costa Rica and Transition China use the U.S. dollar as its functional currency. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Revenue recognition&lt;/b&gt;: The Company's manufacturing operations (Suttle, Transition Networks and Austin Taylor) recognize revenue when the earnings process is complete, evidenced by persuasive evidence of an agreement, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recognized for domestic and international sales at the shipping point or delivery to customers, based on the related shipping terms. Risk of loss transfers at the point of shipment or delivery to customers, and the Company has no further obligation after such time. Sales are made directly to customers and through distributors. Payment terms for distributors are consistent with the terms of the Company's direct customers. The Company records a provision for sales returns, sales incentives and warranty costs at the time of the sale based on historical experience and current trends. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;JDL Technologies generally records revenue on hardware, software and related equipment sales and installation contracts when the revenue recognition criteria are met and products are installed and accepted by the customer. JDL records revenue on service contracts on a straight-line basis over the contract period, unless evidence suggests the revenue is earned in a different pattern. Each contract is individually reviewed to determine when the earnings process is complete. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Research and development: &lt;/b&gt;Research and development costs consist of outside testing services, equipment and supplies associated with enhancing existing products and developing new products. Research and development costs are expensed when incurred and totaled $2,045,000 in 2011, $2,127,000 in 2010 and $1,707,000 in 2009. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Net income per share: &lt;/b&gt;Basic net income per common share is based on the weighted average number of common shares outstanding during each year. Diluted net income per common share adjusts for the dilutive effect of potential common shares outstanding. The Company's only potential common shares outstanding are stock options and unvested shares, which resulted in a dilutive effect of 47,261 shares, 30,324 shares and 12,519 shares in 2011, 2010 and 2009, respectively. The Company calculates the dilutive effect of outstanding options and unvested shares using the treasury stock method. The number of shares not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of common stock during the year for 2011, 2010, and 2009 was 0, 0 and 81,000, respectively. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Share based compensation:&lt;/b&gt; The Company accounts for share based compensation awards on a fair value basis. The estimated grant date fair value of each stock-based award is recognized in income over the requisite service period (generally the vesting period). The estimated fair value of each option is calculated using the Black-Scholes option-pricing model. &lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2008" unitRef="Unit12" decimals="0">83728143</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">-208538</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">33019154</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">414117</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2008_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">50503410</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2009" unitRef="Unit12" decimals="0">85939293</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">-127122</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">33641510</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">417644</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">52007261</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2010" unitRef="Unit12" decimals="0">91396693</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">-285637</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">34491370</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">421144</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">56769816</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="0">97530560</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="0">107606</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">35533273</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">423339</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">61466342</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 9 &amp;#8211; COMMON STOCK&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;PURCHASES OF COMMUNICATIONS SYSTEMS, INC. COMMON STOCK&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;In October 2008, the Company's Board of Directors authorized the repurchase of shares of the Company's stock pursuant to Exchange Act Rule 10b-18 on the open market, in block trades or in private transactions. At December 31, 2011, 481,938 additional shares could be repurchased under outstanding Board authorizations. &lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;SHAREHOLDER RIGHTS PLAN&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;On December 23, 2009 the Board of Directors adopted a shareholders' rights plan. Under this plan, the Board of Directors declared a distribution of one right per share of common stock. Each right entitles the holder to purchase 1/100&lt;sup&gt;th&lt;/sup&gt; of a share of a new series of Junior Participating Preferred Stock of the Company at an initial exercise price of $41. The rights expire on December 23, 2019. The rights will become exercisable only following the acquisition by a person or group, without the prior consent of the Board of Directors, of 16.5% or more of the Company's voting stock, or following the announcement of a tender offer or exchange offer to acquire an interest of 16.5% or more. If the rights become exercisable, each rightholder will be entitled to purchase, at the exercise price, common stock with a market value equal to twice the exercise price. Should the Company be acquired, each right would entitle the holder to purchase, at the exercise price, common stock of the acquiring company with a market value equal to twice the exercise price. Any rights owned by the acquiring person or group would become void.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">56933</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">37900</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">22493</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">12327</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">11107</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans>
  <us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">10308</us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans>
  <us-gaap:StockIssuedDuringPeriodSharesOther contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">6400</us-gaap:StockIssuedDuringPeriodSharesOther>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">2083</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">444078</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">441231</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">2847</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">471476</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">469581</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">1895</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">316027</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">314902</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">1125</us-gaap:StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">102066</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">101450</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">616</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit12" decimals="0">125134</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">124579</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2010_To_12_31_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">555</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">152276</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">151761</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">515</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueOther contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">68560</us-gaap:StockIssuedDuringPeriodValueOther>
  <us-gaap:StockIssuedDuringPeriodValueOther contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">68240</us-gaap:StockIssuedDuringPeriodValueOther>
  <us-gaap:StockIssuedDuringPeriodValueOther contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">320</us-gaap:StockIssuedDuringPeriodValueOther>
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">32079</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">31974</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="Duration_1_1_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">105</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <us-gaap:SubsequentEventsTextBlock contextRef="Duration_1_1_2011_To_12_31_2011">&lt;div&gt; &lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;u&gt;&lt;b&gt;NOTE 13 &amp;#8211; SUBSEQUENT EVENTS&lt;/b&gt;&lt;/u&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;The Company has evaluated subsequent events through the date of this filing. We do not believe there are any material subsequent events which would require further disclosure.&lt;/font&gt;&lt;/p&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;(b) SUPPLEMENTAL FINANCIAL INFORMATION&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Quarterly Operating Results&lt;br /&gt;&lt;/b&gt;(in thousands except per share amounts)&lt;br /&gt;Unaudited&lt;/font&gt;&lt;/p&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr style="font-size: 1px;"&gt;&lt;td valign="bottom" width="46%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="2%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="10%"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="11"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Quarter Ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="12"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;March 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;June 30&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Sept 30&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Dec 31&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top" colspan="2"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;
&lt;td valign="top"&gt;
&lt;hr  align="center" size="1" width="100%" noshade="noshade" /&gt;
&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="2"&gt;2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;31,023&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;45,430&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;41,985&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,337&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross margins&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;13,328&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;18,456&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;16,555&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10,556&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Operating income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,141&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;7,253&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,484&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(363&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Net income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,558&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,085&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,730&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(575&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Basic net income per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.48&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.44&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.07&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Diluted net income per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.30&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.48&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.44&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.07&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p align="center"&gt;&lt;font class="_mt" size="2"&gt;2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;25,882&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;30,659&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;33,324&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;30,207&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Gross margins&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;10,515&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;13,284&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;15,310&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;12,092&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Operating income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,120&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;4,192&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;6,304&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,998&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Net income&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,331&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;2,415&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;3,999&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;1,970&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Basic net income per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.16&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.29&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.48&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.23&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td bgcolor="#d6f3e8" valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;Diluted net income per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.16&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.29&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.48&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p align="right"&gt;&lt;font class="_mt" size="2"&gt;0.22&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
  <us-gaap:SupplementalDeferredPurchasePrice contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit12" decimals="0">1002623</us-gaap:SupplementalDeferredPurchasePrice>
  <us-gaap:TreasuryStockSharesAcquired contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="INF">5126</us-gaap:TreasuryStockSharesAcquired>
  <us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit12" decimals="0">53117</us-gaap:TreasuryStockValueAcquiredCostMethod>
  <us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="0">20603</us-gaap:TreasuryStockValueAcquiredCostMethod>
  <us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="0">256</us-gaap:TreasuryStockValueAcquiredCostMethod>
  <us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="Duration_1_1_2009_To_12_31_2009_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="0">32258</us-gaap:TreasuryStockValueAcquiredCostMethod>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit1" decimals="0">8352084</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit1" decimals="0">8414566</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit1" decimals="0">8495873</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="Duration_1_1_2009_To_12_31_2009" unitRef="Unit1" decimals="0">8339566</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="Duration_1_1_2010_To_12_31_2010" unitRef="Unit1" decimals="0">8384242</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="Duration_1_1_2011_To_12_31_2011" unitRef="Unit1" decimals="0">8448612</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <!--Footnote Section-->
</xbrl>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>11
<FILENAME>jcs-20111231.xsd
<DESCRIPTION>XBRL SCHEMA FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:30:01 PM-->
<!--Modified on: 3/14/2012 8:30:01 PM-->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" targetNamespace="http://www.commsystems.com/20111231" xmlns:jcs="http://www.commsystems.com/20111231" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" elementFormDefault="qualified" attributeFormDefault="unqualified">
  <annotation>
    <appinfo>
      <link:roleType roleURI="http://www.commsystems.com/role/StatementConsolidatedBalanceSheets" id="StatementConsolidatedBalanceSheets">
        <link:definition>00100 - Statement - Consolidated Balance Sheets</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" id="StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome">
        <link:definition>00200 - Statement - Consolidated Statements Of Income And Comprehensive Income</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows" id="StatementConsolidatedStatementsOfCashFlows">
        <link:definition>00400 - Statement - Consolidated Statements Of Cash Flows</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DocumentDocumentAndEntityInformation" id="DocumentDocumentAndEntityInformation">
        <link:definition>00090 - Document - Document And Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/StatementConsolidatedBalanceSheetsParenthetical" id="StatementConsolidatedBalanceSheetsParenthetical">
        <link:definition>00105 - Statement - Consolidated Balance Sheets (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity" id="StatementConsolidatedStatementsOfChangesInStockholdersEquity">
        <link:definition>00300 - Statement - Consolidated Statements Of Changes In Stockholders' Equity</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureSummaryOfSignificantAccountingPolicies" id="DisclosureSummaryOfSignificantAccountingPolicies">
        <link:definition>10101 - Disclosure - Summary Of Significant Accounting Policies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureInventories" id="DisclosureInventories">
        <link:definition>10201 - Disclosure - Inventories</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosurePropertyPlantAndEquipment" id="DisclosurePropertyPlantAndEquipment">
        <link:definition>10301 - Disclosure - Property, Plant And Equipment</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureAcquisition" id="DisclosureAcquisition">
        <link:definition>10401 - Disclosure - Acquisition</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureGoodwillAndOtherIntangibleAssets" id="DisclosureGoodwillAndOtherIntangibleAssets">
        <link:definition>10501 - Disclosure - Goodwill And Other Intangible Assets</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureEmployeeRetirementBenefits" id="DisclosureEmployeeRetirementBenefits">
        <link:definition>10601 - Disclosure - Employee Retirement Benefits</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureCommitmentsAndContingencies" id="DisclosureCommitmentsAndContingencies">
        <link:definition>10701 - Disclosure - Commitments And Contingencies</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureStockCompensation" id="DisclosureStockCompensation">
        <link:definition>10801 - Disclosure - Stock Compensation</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureCommonStock" id="DisclosureCommonStock">
        <link:definition>10901 - Disclosure - Common Stock</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureIncomeTaxes" id="DisclosureIncomeTaxes">
        <link:definition>11001 - Disclosure - Income Taxes</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers" id="DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers">
        <link:definition>11101 - Disclosure - Information Concerning Industry Segments And Major Customers</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureFairValueMeasurements" id="DisclosureFairValueMeasurements">
        <link:definition>11201 - Disclosure - Fair Value Measurements</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.commsystems.com/role/DisclosureSubsequentEvents" id="DisclosureSubsequentEvents">
        <link:definition>11301 - Disclosure - Subsequent Events</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:linkbaseRef xlink:type="simple" xlink:href="jcs-20111231_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links, all" />
      <link:linkbaseRef xlink:type="simple" xlink:href="jcs-20111231_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links, all" />
      <link:linkbaseRef xlink:type="simple" xlink:href="jcs-20111231_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Calculation Links, all" />
      <link:linkbaseRef xlink:type="simple" xlink:href="jcs-20111231_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links, all" />
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2011-01-31" schemaLocation="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd" />
  <import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <import namespace="http://fasb.org/us-gaap/2011-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd" />
  <element id="jcs_DocumentAndEntityInformationAbstract" name="DocumentAndEntityInformationAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <element id="jcs_TaxBenefitFromNonQualifiedStockOptions" name="TaxBenefitFromNonQualifiedStockOptions" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <element id="jcs_LongTermCompensationPlans" name="LongTermCompensationPlans" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <element id="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" name="IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <element id="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" name="IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <element id="jcs_AccruedConsideration" name="AccruedConsideration" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>12
<FILENAME>jcs-20111231_cal.xml
<DESCRIPTION>XBRL CALCULATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:30:01 PM-->
<!--Modified on: 3/14/2012 8:30:01 PM-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedBalanceSheets" roleURI="http://www.commsystems.com/role/StatementConsolidatedBalanceSheets" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfCashFlows" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows" />
  <calculationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedBalanceSheets" xlink:type="extended" xlink:title="00100 - Statement - Consolidated Balance Sheets">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent_634673537994696333" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_Assets" xlink:to="us-gaap_AssetsCurrent_634673537994696333" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent_634673537994696333" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_AccountsReceivableNetCurrent_634673537994696333" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537994696333" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537994696333" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_634673537994696333" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_DeferredTaxAssetsNetCurrent_634673537994696333" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidTaxes" xlink:label="us-gaap_PrepaidTaxes_634673537994696333" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_PrepaidTaxes_634673537994696333" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_InventoryNet_634673537995008331" order="5" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_OtherAssetsCurrent_634673537995008331" order="6" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermInvestments" xlink:label="us-gaap_ShortTermInvestments_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_AssetsCurrent_634673537994696333" xlink:to="us-gaap_ShortTermInvestments_634673537995008331" order="7" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_Assets" xlink:to="us-gaap_OtherAssetsNoncurrent_634673537995008331" order="2" use="optional" weight="1" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidPensionCosts" xlink:label="us-gaap_PrepaidPensionCosts_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherAssetsNoncurrent_634673537995008331" xlink:to="us-gaap_PrepaidPensionCosts_634673537995008331" order="1" use="optional" weight="1" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherAssetsNoncurrent_634673537995008331" xlink:to="us-gaap_Goodwill_634673537995008331" order="2" use="optional" weight="1" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermInvestments" xlink:label="us-gaap_LongTermInvestments_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherAssetsNoncurrent_634673537995008331" xlink:to="us-gaap_LongTermInvestments_634673537995008331" order="3" use="optional" weight="1" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="us-gaap_OtherAssetsMiscellaneousNoncurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherAssetsNoncurrent_634673537995008331" xlink:to="us-gaap_OtherAssetsMiscellaneousNoncurrent_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_Assets" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_CommitmentsAndContingencies_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesCurrent_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="us-gaap_AccountsPayableCurrent_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="us-gaap_DividendsPayableCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="us-gaap_DividendsPayableCurrent_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="us-gaap_LongTermDebtCurrent_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrent" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="us-gaap_OtherAccruedLiabilitiesCurrent_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent_634673537995008331" order="5" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_AccruedConsideration" xlink:label="jcs_AccruedConsideration_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesCurrent_634673537995008331" xlink:to="jcs_AccruedConsideration_634673537995008331" order="6" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesNoncurrent_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedIncomeTaxesNoncurrent" xlink:label="us-gaap_AccruedIncomeTaxesNoncurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesNoncurrent_634673537995008331" xlink:to="us-gaap_AccruedIncomeTaxesNoncurrent_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesNoncurrent_634673537995008331" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SecuredLongTermDebt" xlink:label="us-gaap_SecuredLongTermDebt_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesNoncurrent_634673537995008331" xlink:to="us-gaap_SecuredLongTermDebt_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_LongTermCompensationPlans" xlink:label="jcs_LongTermCompensationPlans_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesNoncurrent_634673537995008331" xlink:to="jcs_LongTermCompensationPlans_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_StockholdersEquity_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_StockholdersEquity_634673537995008331" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_StockholdersEquity_634673537995008331" xlink:to="us-gaap_AdditionalPaidInCapital_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_StockholdersEquity_634673537995008331" xlink:to="us-gaap_CommonStockValue_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_StockholdersEquity_634673537995008331" xlink:to="us-gaap_PreferredStockValue_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_StockholdersEquity_634673537995008331" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_634673537995008331" order="5" use="optional" weight="1" priority="2" />
  </calculationLink>
  <calculationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" xlink:type="extended" xlink:title="00200 - Statement - Consolidated Statements Of Income And Comprehensive Income">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_634424417405070657" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax_634424417405070657" xlink:to="us-gaap_NetIncomeLoss_634673537995008331" order="1" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetIncomeLoss_634673537995008331" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995008331" xlink:to="us-gaap_NonoperatingIncomeExpense_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NonoperatingIncomeExpense_634673537995008331" xlink:to="us-gaap_GainLossOnDispositionOfAssets_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="us-gaap_InterestExpenseOther_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NonoperatingIncomeExpense_634673537995008331" xlink:to="us-gaap_InterestExpenseOther_634673537995008331" order="2" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentIncomeInterestAndDividend" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NonoperatingIncomeExpense_634673537995008331" xlink:to="us-gaap_InvestmentIncomeInterestAndDividend_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995008331" xlink:to="us-gaap_OperatingIncomeLoss_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="us-gaap_SalesRevenueNet_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OperatingIncomeLoss_634673537995008331" xlink:to="us-gaap_SalesRevenueNet_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="us-gaap_CostsAndExpenses_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OperatingIncomeLoss_634673537995008331" xlink:to="us-gaap_CostsAndExpenses_634673537995008331" order="2" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="us-gaap_CostOfRevenue_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CostsAndExpenses_634673537995008331" xlink:to="us-gaap_CostOfRevenue_634673537995008331" order="1" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CostsAndExpenses_634673537995008331" xlink:to="us-gaap_SellingGeneralAndAdministrativeExpense_634673537995008331" order="2" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CostsAndExpenses_634673537995008331" xlink:to="us-gaap_GoodwillImpairmentLoss_634673537995008331" order="3" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetIncomeLoss_634673537995008331" xlink:to="us-gaap_IncomeTaxExpenseBenefit_634673537995008331" order="2" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax_634424417405070657" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995008331" order="2" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995008331" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_634673537995008331" order="1" use="optional" weight="1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995008331" xlink:to="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_634673537995008331" order="2" use="optional" weight="-1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995008331" xlink:to="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_634673537995008331" order="3" use="optional" weight="1" priority="3" />
  </calculationLink>
  <calculationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows" xlink:type="extended" xlink:title="00400 - Statement - Consolidated Statements Of Cash Flows">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" xlink:to="us-gaap_PaymentsOfDividends_634673537995008331" order="2" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" xlink:to="us-gaap_RepaymentsOfSecuredDebt_634673537995008331" order="4" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995008331" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_634673537995008331" order="5" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" xlink:to="us-gaap_PaymentsToAcquireInvestments_634673537995008331" order="1" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" xlink:to="us-gaap_PaymentsToAcquireProductiveAssets_634673537995008331" order="2" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" xlink:to="us-gaap_ProceedsFromSaleOfProductiveAssets_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" xlink:to="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995008331" xlink:to="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_634673537995008331" order="5" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" order="4" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_GoodwillImpairmentLoss_634673537995008331" order="1" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_634673537995008331" order="2" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_DepreciationDepletionAndAmortization_634673537995008331" order="3" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_634673537995008331" order="4" use="optional" weight="-1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_634673537995008331" order="5" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_634673537995008331" order="6" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_634673537995008331" order="7" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_634673537995008331" order="8" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInInventories_634673537995008331" order="9" use="optional" weight="-1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_634673537995008331" order="10" use="optional" weight="-1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidTaxes" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInPrepaidTaxes_634673537995008331" order="11" use="optional" weight="-1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_NetIncomeLoss_634673537995008331" order="12" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_ShareBasedCompensation_634673537995008331" order="13" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_GainLossOnDispositionOfAssets_634673537995008331" order="14" use="optional" weight="-1" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_634673537995008331" order="15" use="optional" weight="1" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_634673537995008331" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995008331" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_634673537995008331" order="16" use="optional" weight="-1" priority="3" />
  </calculationLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>13
<FILENAME>jcs-20111231_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:30:01 PM-->
<!--Modified on: 3/14/2012 8:30:01 PM-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfChangesInStockholdersEquity" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
  <definitionLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity" xlink:type="extended" xlink:title="00300 - Statement - Consolidated Statements Of Changes In Stockholders' Equity">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" order="1" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementEquityComponentsAxis" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" order="1" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_EquityComponentDomain" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain_634673537995320329" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" order="1" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_EquityComponentDomain_634673537995320329" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="1" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_CommonStockMember" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="2" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_AdditionalPaidInCapitalMember" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="3" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_RetainedEarningsMember" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="4" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" order="1" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementTable" use="optional" xbrldt:contextElement="segment" xbrldt:closed="true" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="2" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockholdersEquity" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="3" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_SharesOutstanding" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="4" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_NetIncomeLoss" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="5" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="6" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="7" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="8" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueOther" xlink:label="us-gaap_StockIssuedDuringPeriodValueOther" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="9" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodValueOther" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther" xlink:label="us-gaap_StockIssuedDuringPeriodSharesOther" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="10" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodSharesOther" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="11" xlink:from="us-gaap_StatementLineItems" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="12" xlink:from="us-gaap_StatementLineItems" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="13" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="14" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_TaxBenefitFromNonQualifiedStockOptions" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="15" xlink:from="us-gaap_StatementLineItems" xlink:to="jcs_TaxBenefitFromNonQualifiedStockOptions" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="16" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="17" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_TreasuryStockValueAcquiredCostMethod" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="18" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_TreasuryStockSharesAcquired" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Dividends" xlink:label="us-gaap_Dividends" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="19" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_Dividends" priority="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" order="20" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" priority="1" use="optional" />
  </definitionLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>14
<FILENAME>jcs-20111231_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:30:01 PM-->
<!--Modified on: 3/14/2012 8:30:01 PM-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
  <labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_DocumentAndEntityInformationAbstract" xlink:label="jcs_DocumentAndEntityInformationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="jcs_DocumentAndEntityInformationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document and Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Consolidated Balance Sheets [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT END OF YEAR</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermInvestments" xlink:label="us-gaap_ShortTermInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermInvestments" xlink:to="us-gaap_ShortTermInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermInvestments_lbl" xml:lang="en-US">Short-term Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShortTermInvestments_lbl" xml:lang="en-US">Short-term Investments, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShortTermInvestments_lbl" xml:lang="en-US">Investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Accounts Receivable, Net, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Trade accounts receivable, less allowance for doubtful accounts of $175,000 and $500,000, respectively</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">doubtful accounts of $500,000 and $505,000, respectively</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Trade accounts receivable, less allowance for doubtful accounts of $577,000 and $500,000, respectively</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="us-gaap_InventoryNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventory, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventory, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventories</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidTaxes" xlink:label="us-gaap_PrepaidTaxes" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidTaxes" xlink:to="us-gaap_PrepaidTaxes_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidTaxes_lbl" xml:lang="en-US">Income Taxes Receivable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PrepaidTaxes_lbl" xml:lang="en-US">Prepaid income taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsCurrent" xlink:to="us-gaap_OtherAssetsCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsCurrent_lbl" xml:lang="en-US">Other Assets, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssetsCurrent_lbl" xml:lang="en-US">Other current assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetCurrent" xlink:to="us-gaap_DeferredTaxAssetsNetCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US">Deferred Tax Assets, Net, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US">Deferred Tax Assets, Net, Current, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US">Deferred Tax Assets, Net, Current, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US">Deferred Tax Assets, Net, Current, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US">Deferred income taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Assets, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">TOTAL CURRENT ASSETS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract" xlink:to="us-gaap_OtherAssetsNoncurrentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xml:lang="en-US">Other Assets, Noncurrent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xml:lang="en-US">OTHER ASSETS:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermInvestments" xlink:label="us-gaap_LongTermInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermInvestments" xlink:to="us-gaap_LongTermInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermInvestments_lbl" xml:lang="en-US">Long-term Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermInvestments_lbl" xml:lang="en-US">Long-term Investments, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermInvestments_lbl" xml:lang="en-US">Investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidPensionCosts" xlink:label="us-gaap_PrepaidPensionCosts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidPensionCosts" xlink:to="us-gaap_PrepaidPensionCosts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidPensionCosts_lbl" xml:lang="en-US">Prepaid Pension Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PrepaidPensionCosts_lbl" xml:lang="en-US">Funded pension assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="us-gaap_OtherAssetsMiscellaneousNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:to="us-gaap_OtherAssetsMiscellaneousNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsMiscellaneousNoncurrent_lbl" xml:lang="en-US">Other Assets, Miscellaneous, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsMiscellaneousNoncurrent_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">Other Assets, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">TOTAL OTHER ASSETS</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">TOTAL ASSETS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">Liabilities and Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS' EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Long-term Debt, Current Maturities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Long-term Debt, Current Maturities, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Current portion of long-term debt</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts Payable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts Payable, Current, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Employee-related Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Employee-related Liabilities, Current, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Accrued compensation and benefits</label>
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_AccruedConsideration" xlink:label="jcs_AccruedConsideration" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_AccruedConsideration" xlink:to="jcs_AccruedConsideration_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_AccruedConsideration_lbl" xml:lang="en-US">Accrued consideration.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_AccruedConsideration_lbl" xml:lang="en-US">Accrued Consideration</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="jcs_AccruedConsideration_lbl" xml:lang="en-US">Accrued consideration</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrent" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAccruedLiabilitiesCurrent" xlink:to="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Other Accrued Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Other accrued liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="us-gaap_DividendsPayableCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableCurrent" xlink:to="us-gaap_DividendsPayableCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPayableCurrent_lbl" xml:lang="en-US">Dividends Payable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DividendsPayableCurrent_lbl" xml:lang="en-US">Dividends payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">TOTAL CURRENT LIABILITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract" xlink:to="us-gaap_LiabilitiesNoncurrentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xml:lang="en-US">Liabilities, Noncurrent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract_lbl" xml:lang="en-US">LONG TERM LIABILITIES:</label>
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_LongTermCompensationPlans" xlink:label="jcs_LongTermCompensationPlans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_LongTermCompensationPlans" xlink:to="jcs_LongTermCompensationPlans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_LongTermCompensationPlans_lbl" xml:lang="en-US">Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits which will be paid out more than one year from the balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_LongTermCompensationPlans_lbl" xml:lang="en-US">Long-Term Compensation Plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="jcs_LongTermCompensationPlans_lbl" xml:lang="en-US">Long-term compensation plans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedIncomeTaxesNoncurrent" xlink:label="us-gaap_AccruedIncomeTaxesNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedIncomeTaxesNoncurrent" xlink:to="us-gaap_AccruedIncomeTaxesNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedIncomeTaxesNoncurrent_lbl" xml:lang="en-US">Accrued Income Taxes, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccruedIncomeTaxesNoncurrent_lbl" xml:lang="en-US">Uncertain tax positions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US">Deferred Tax Liabilities, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US">Deferred income taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SecuredLongTermDebt" xlink:label="us-gaap_SecuredLongTermDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredLongTermDebt" xlink:to="us-gaap_SecuredLongTermDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xml:lang="en-US">Secured Long-term Debt, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SecuredLongTermDebt_lbl" xml:lang="en-US">Long term debt - mortgage payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xml:lang="en-US">Liabilities, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xml:lang="en-US">TOTAL LONG-TERM LIABILITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Commitments and Contingencies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES (Footnote 7)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">STOCKHOLDERS' EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred Stock, Value, Issued, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred Stock, Value, Issued, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred Stock, Value, Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common Stock, Value, Issued, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common Stock, Value, Issued, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,466,774 and 8,422,890 shares issued and outstanding, respectively</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">authorized; 8,422,890 and 8,352,883 shares issued and</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">outstanding, respectively</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional Paid in Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional Paid in Capital, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional Paid in Capital, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional Paid in Capital, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Additional paid-in capital</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained Earnings (Accumulated Deficit), Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained Earnings (Accumulated Deficit), Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained Earnings (Accumulated Deficit), Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US">Accumulated other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Stockholders' Equity Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">TOTAL STOCKHOLDERS' EQUITY</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">TOTAL STOCKHOLDERS' EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Liabilities and Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Current, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US">Allowance for Doubtful Accounts Receivable, Current, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US">Trade accounts receivable, allowance for doubtful accounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US">Allowance for doubtful accounts</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Preferred Stock, Par or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Preferred stock, par value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US">Preferred Stock, Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US">Preferred stock, shares authorized</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Preferred Stock, Shares Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Preferred Stock, Shares Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Preferred stock, shares issued</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock, par value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common Stock, Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, shares authorized</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common Stock, Shares, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common Stock, Shares, Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, shares issued</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common Stock, Shares, Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common Stock, Shares, Outstanding, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common Stock, Shares, Outstanding, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock, shares outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Consolidated Statements Of Income And Comprehensive Income [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="us-gaap_SalesRevenueNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNet" xlink:to="us-gaap_SalesRevenueNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesRevenueNet_lbl" xml:lang="en-US">Revenue, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SalesRevenueNet_lbl" xml:lang="en-US">Revenue, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SalesRevenueNet_lbl" xml:lang="en-US">Sales</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingCostsAndExpensesAbstract" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract" xlink:to="us-gaap_OperatingCostsAndExpensesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract_lbl" xml:lang="en-US">Operating Costs and Expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract_lbl" xml:lang="en-US">Costs and expenses:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="us-gaap_CostOfRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostOfRevenue" xlink:to="us-gaap_CostOfRevenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostOfRevenue_lbl" xml:lang="en-US">Cost of Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CostOfRevenue_lbl" xml:lang="en-US">Cost of Revenue, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CostOfRevenue_lbl" xml:lang="en-US">Cost of sales</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SellingGeneralAndAdministrativeExpense" xlink:to="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, General and Administrative Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, General and Administrative Expense, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, general and administrative expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillImpairmentLoss" xlink:to="us-gaap_GoodwillImpairmentLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillImpairmentLoss_lbl" xml:lang="en-US">Asset Impairment Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GoodwillImpairmentLoss_lbl" xml:lang="en-US">Asset Impairment Charges, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GoodwillImpairmentLoss_lbl" xml:lang="en-US">Impairment loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="us-gaap_CostsAndExpenses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsAndExpenses_lbl" xml:lang="en-US">Costs and Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CostsAndExpenses_lbl" xml:lang="en-US">Total costs and expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating Income (Loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Nonoperating Income (Expense) [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Other income and (expenses):</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentIncomeInterestAndDividend" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterestAndDividend" xlink:to="us-gaap_InvestmentIncomeInterestAndDividend_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_lbl" xml:lang="en-US">Investment Income, Interest and Dividend</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_lbl" xml:lang="en-US">Investment and other income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_lbl" xml:lang="en-US">Investment Income, Interest and Dividend, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDispositionOfAssets" xlink:to="us-gaap_GainLossOnDispositionOfAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xml:lang="en-US">Gain (Loss) on Disposition of Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xml:lang="en-US">Loss/(gain) on sale of assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xml:lang="en-US">(Loss)/gain on sale of assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xml:lang="en-US">Gain (Loss) on Disposition of Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GainLossOnDispositionOfAssets_lbl" xml:lang="en-US">Gain on sale of assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="us-gaap_InterestExpenseOther" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseOther" xlink:to="us-gaap_InterestExpenseOther_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseOther_lbl" xml:lang="en-US">Interest Expense, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpenseOther_lbl" xml:lang="en-US">Interest and other expense</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Nonoperating Income (Expense)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Other income, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US">Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US">Income from operations before income taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income Tax Expense (Benefit), Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income tax expense</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net Income (Loss) Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTaxAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossTaxAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossTaxAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_lbl" xml:lang="en-US">Other comprehensive income (loss):</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Minimum Pension Liability Net Adjustment, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_lbl" xml:lang="en-US">Additional minimum pension liability adjustments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_lbl" xml:lang="en-US">Additional minimum pension liability adjustments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_lbl" xml:lang="en-US">Unrealized (losses)/gains on available-for-sale securities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:to="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Foreign currency translation adjustment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US">Other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US">Total other comprehensive income (loss)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Earnings Per Share, Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Earnings Per Share, Basic, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Basic net income per share:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US">Earnings Per Share, Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US">Earnings Per Share, Diluted, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US">Diluted net income per share:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Basic, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US">Weighted Average Basic Shares Outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US">Weighted Average Dilutive Shares Outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsPerShareDeclared" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US">Common Stock, Dividends, Per Share, Declared</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US">Dividends declared per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_lbl" xml:lang="en-US">Dividends per share</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US">Consolidated Statements Of Changes In Stockholders' Equity [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US">Statement, Equity Components [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US">Equity Component [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquityComponentDomain_lbl" xml:lang="en-US">Equity Component [Domain]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid In Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Additional Paid-In Capital [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Accumulated Other Comprehensive Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Cumulative Other Comprehensive Income (Loss) [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Shares, Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Balance, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Balance, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan_lbl" xml:lang="en-US">Stock Issued During Period, Value, Employee Stock Purchase Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan_lbl" xml:lang="en-US">Issuance of common stock under Employee Stock Purchase Plan</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Employee Stock Purchase Plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_lbl" xml:lang="en-US">Issuance of common stock under Employee Stock Purchase Plan, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_lbl" xml:lang="en-US">Stock Issued During Period, Value, Employee Stock Ownership Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_lbl" xml:lang="en-US">Issuance of common stock to Employee Stock Ownership Plan</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Employee Stock Ownership Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_lbl" xml:lang="en-US">Issuance of common stock to Employee Stock Ownership Plan, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueOther" xlink:label="us-gaap_StockIssuedDuringPeriodValueOther" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueOther" xlink:to="us-gaap_StockIssuedDuringPeriodValueOther_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueOther_lbl" xml:lang="en-US">Stock Issued During Period, Value, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueOther_lbl" xml:lang="en-US">Issuance of common stock under Employee Stock Option Plan</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther" xlink:label="us-gaap_StockIssuedDuringPeriodSharesOther" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesOther" xlink:to="us-gaap_StockIssuedDuringPeriodSharesOther_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesOther_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesOther_lbl" xml:lang="en-US">Issuance of common stock under Employee Stock Option Plan , shares</label>
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_lbl" xml:lang="en-US">Issuance of common stock under non-employee stock option plan.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_lbl" xml:lang="en-US">Issuance of Common Stock under Non-Employee Stock Option Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_lbl" xml:lang="en-US">Issuance of common stock under Non-Employee Stock Option Plan</label>
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_lbl" xml:lang="en-US">Issuance of common stock under non-employee stock option plan, shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_lbl" xml:lang="en-US">Issuance of Common Stock under Non-Employee Stock Option Plan, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_lbl" xml:lang="en-US">Issuance of common stock under Non-Employee Stock Option Plan, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US">Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US">Issuance of common stock under Executive Stock Plan</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US">Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xml:lang="en-US">Share based compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Issuance of common stock under Executive Stock Plan , shares</label>
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_TaxBenefitFromNonQualifiedStockOptions" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="jcs_TaxBenefitFromNonQualifiedStockOptions" xlink:to="jcs_TaxBenefitFromNonQualifiedStockOptions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions_lbl" xml:lang="en-US">Tax benefit from non-qualified stock options.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions_lbl" xml:lang="en-US">Tax benefit from non-qualified stock options</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions_lbl" xml:lang="en-US">Tax benefit from non-qualified stock options</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition_lbl" xml:lang="en-US">Adjustments to Additional Paid in Capital, Share-based Compensation, Employee Stock Purchase Program, Requisite Service Period Recognition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition_lbl" xml:lang="en-US">Share based compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:to="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US">Treasury Stock, Value, Acquired, Cost Method</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US">Purchase of common stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xml:lang="en-US">Purchase of common stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockSharesAcquired" xlink:to="us-gaap_TreasuryStockSharesAcquired_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xml:lang="en-US">Treasury Stock, Shares, Acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xml:lang="en-US">Purchase of common stock , shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xml:lang="en-US">Purchase of common stock , shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Dividends" xlink:label="us-gaap_Dividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Dividends" xlink:to="us-gaap_Dividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US">Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US">Shareholder dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US">Dividends, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_Dividends_lbl" xml:lang="en-US">Shareholder dividends</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Consolidated Statements Of Cash Flows [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">CASH FLOWS FROM OPERATING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share-based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share based compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share-based Compensation, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share based compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred Income Tax Expense (Benefit), Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Deferred taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_lbl" xml:lang="en-US">Excess Tax Benefit from Share-based Compensation, Operating Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_lbl" xml:lang="en-US">Excess tax benefit from share based payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_lbl" xml:lang="en-US">Excess tax benefit from stock based payments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in assets and liabilities net of effects from acquisitions:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Trade receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Trade receivables</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInventories" xlink:to="us-gaap_IncreaseDecreaseInInventories_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Increase (Decrease) in Inventories</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Inventories</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Increase (Decrease) in Inventories, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Inventories</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidTaxes" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidTaxes" xlink:to="us-gaap_IncreaseDecreaseInPrepaidTaxes_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes_lbl" xml:lang="en-US">Increase (Decrease) in Prepaid Taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes_lbl" xml:lang="en-US">Prepaid income taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes_lbl" xml:lang="en-US">Prepaid income taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Payable, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Accounts payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Employee Related Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Accrued compensation and benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Employee Related Liabilities, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Other Accrued Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_lbl" xml:lang="en-US">Other accrued expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:to="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xml:lang="en-US">Increase (Decrease) in Income Taxes Payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xml:lang="en-US">Income taxes payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets and Liabilities, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US">Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US">Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets and Liabilities, Net, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash provided by operating activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">CASH FLOWS FROM INVESTING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireProductiveAssets" xlink:to="us-gaap_PaymentsToAcquireProductiveAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xml:lang="en-US">Payments to Acquire Productive Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xml:lang="en-US">Capital expenditures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xml:lang="en-US">Payments to Acquire Productive Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xml:lang="en-US">Capital expenditures</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInvestments" xlink:to="us-gaap_PaymentsToAcquireInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xml:lang="en-US">Payments to Acquire Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xml:lang="en-US">Purchases of investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xml:lang="en-US">Payments to Acquire Investments, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xml:lang="en-US">Purchases of investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:to="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US">Acquisition of business</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US">Acquisition of business, net of cash acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_lbl" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:to="us-gaap_ProceedsFromSaleOfProductiveAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets_lbl" xml:lang="en-US">Proceeds from Sale of Productive Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets_lbl" xml:lang="en-US">Proceeds from Sale of Productive Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets_lbl" xml:lang="en-US">Proceeds from the sale of fixed assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:to="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_lbl" xml:lang="en-US">Proceeds from Sale, Maturity and Collection of Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_lbl" xml:lang="en-US">Proceeds from Sale, Maturity and Collection of Investments, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_lbl" xml:lang="en-US">Proceeds from the sale of investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash used in investing activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">CASH FLOWS FROM FINANCING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US">Payments of Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US">Cash dividends paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US">Payments of Dividends, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsOfDividends_lbl" xml:lang="en-US">Cash dividends paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredDebt" xlink:to="us-gaap_RepaymentsOfSecuredDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xml:lang="en-US">Repayments of Secured Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xml:lang="en-US">Mortgage principal payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xml:lang="en-US">Mortgage principal payments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US">Proceeds from Issuance of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xml:lang="en-US">Proceeds from issuance of common stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl" xml:lang="en-US">Excess Tax Benefit from Share-based Compensation, Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_lbl" xml:lang="en-US">Excess tax benefit from stock based payments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US">Payments for Repurchase of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US">Purchase of common stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US">Purchase of common stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xml:lang="en-US">Purchase of common stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash used in financing activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of Exchange Rate on Cash and Cash Equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of Exchange Rate on Cash and Cash Equivalents, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_lbl" xml:lang="en-US">EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US">Income Taxes Paid, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US">Income Taxes Paid, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US">Income taxes paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPaid" xlink:label="us-gaap_InterestPaid" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaid" xlink:to="us-gaap_InterestPaid_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaid_lbl" xml:lang="en-US">Interest Paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestPaid_lbl" xml:lang="en-US">Interest Paid, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestPaid_lbl" xml:lang="en-US">Interest paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPayableAmount" xlink:label="us-gaap_DividendsPayableAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableAmount" xlink:to="us-gaap_DividendsPayableAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPayableAmount_lbl" xml:lang="en-US">Dividends Payable, Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DividendsPayableAmount_lbl" xml:lang="en-US">Dividends declared not paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalDeferredPurchasePrice" xlink:label="us-gaap_SupplementalDeferredPurchasePrice" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalDeferredPurchasePrice" xlink:to="us-gaap_SupplementalDeferredPurchasePrice_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalDeferredPurchasePrice_lbl" xml:lang="en-US">Supplemental Deferred Purchase Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalDeferredPurchasePrice_lbl" xml:lang="en-US">Acquisition costs in accrued expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Summary Of Significant Accounting Policies [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Summary of Significant Accounting Policies</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US">Significant Accounting Policies [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US">Summary Of Significant Accounting Policies</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureAbstract" xlink:label="us-gaap_InventoryDisclosureAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureAbstract" xlink:to="us-gaap_InventoryDisclosureAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InventoryDisclosureAbstract_lbl" xml:lang="en-US">Inventories [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="us-gaap_InventoryDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureTextBlock" xlink:to="us-gaap_InventoryDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InventoryDisclosureTextBlock_lbl" xml:lang="en-US">Inventory Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InventoryDisclosureTextBlock_lbl" xml:lang="en-US">Inventories</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US">Property, Plant And Equipment [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xml:lang="en-US">Property, Plant and Equipment Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_lbl" xml:lang="en-US">Property, Plant And Equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationsAbstract_lbl" xml:lang="en-US">Acquisition [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:to="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xml:lang="en-US">Business Combination Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_lbl" xml:lang="en-US">Acquisition</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US">Goodwill And Other Intangible Assets [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US">Goodwill and Intangible Assets Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US">Goodwill And Other Intangible Assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PostemploymentBenefitsAbstract" xlink:label="us-gaap_PostemploymentBenefitsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PostemploymentBenefitsAbstract" xlink:to="us-gaap_PostemploymentBenefitsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PostemploymentBenefitsAbstract_lbl" xml:lang="en-US">Employee Retirement Benefits [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PostemploymentBenefitsDisclosureTextBlock" xlink:label="us-gaap_PostemploymentBenefitsDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PostemploymentBenefitsDisclosureTextBlock" xlink:to="us-gaap_PostemploymentBenefitsDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PostemploymentBenefitsDisclosureTextBlock_lbl" xml:lang="en-US">Postemployment Benefits Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PostemploymentBenefitsDisclosureTextBlock_lbl" xml:lang="en-US">Employee Retirement Benefits</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US">Commitments And Contingencies [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US">Commitments And Contingencies</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US">Stock Compensation [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US">Disclosure of Compensation Related Costs, Share-based Payments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US">Stock Compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="us-gaap_StockholdersEquityNoteAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteAbstract" xlink:to="us-gaap_StockholdersEquityNoteAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteAbstract_lbl" xml:lang="en-US">Common Stock [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US">Common Stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xml:lang="en-US">Income Taxes [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US">Income Tax Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xml:lang="en-US">Income Taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US">Information Concerning Industry Segments And Major Customers [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US">Information Concerning Industry Segments And Major Customers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xml:lang="en-US">Fair Value Measurements [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueDisclosuresTextBlock" xlink:to="us-gaap_FairValueDisclosuresTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US">Fair Value Disclosures [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xml:lang="en-US">Fair Value Measurements</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xml:lang="en-US">Subsequent Events [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US">Subsequent Events [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US">Subsequent Events</label>
  </labelLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>15
<FILENAME>jcs-20111231_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created with Crossfire by Rivet Software version 4.3.96.0 http://www.rivetsoftware.com-->
<!--Based on XBRL 2.1-->
<!--Created on: 3/14/2012 8:30:01 PM-->
<!--Modified on: 3/14/2012 8:30:01 PM-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DocumentDocumentAndEntityInformation" roleURI="http://www.commsystems.com/role/DocumentDocumentAndEntityInformation" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedBalanceSheets" roleURI="http://www.commsystems.com/role/StatementConsolidatedBalanceSheets" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedBalanceSheetsParenthetical" roleURI="http://www.commsystems.com/role/StatementConsolidatedBalanceSheetsParenthetical" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfChangesInStockholdersEquity" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#StatementConsolidatedStatementsOfCashFlows" roleURI="http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureSummaryOfSignificantAccountingPolicies" roleURI="http://www.commsystems.com/role/DisclosureSummaryOfSignificantAccountingPolicies" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureInventories" roleURI="http://www.commsystems.com/role/DisclosureInventories" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosurePropertyPlantAndEquipment" roleURI="http://www.commsystems.com/role/DisclosurePropertyPlantAndEquipment" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureAcquisition" roleURI="http://www.commsystems.com/role/DisclosureAcquisition" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureGoodwillAndOtherIntangibleAssets" roleURI="http://www.commsystems.com/role/DisclosureGoodwillAndOtherIntangibleAssets" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureEmployeeRetirementBenefits" roleURI="http://www.commsystems.com/role/DisclosureEmployeeRetirementBenefits" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureCommitmentsAndContingencies" roleURI="http://www.commsystems.com/role/DisclosureCommitmentsAndContingencies" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureStockCompensation" roleURI="http://www.commsystems.com/role/DisclosureStockCompensation" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureCommonStock" roleURI="http://www.commsystems.com/role/DisclosureCommonStock" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureIncomeTaxes" roleURI="http://www.commsystems.com/role/DisclosureIncomeTaxes" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers" roleURI="http://www.commsystems.com/role/DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureFairValueMeasurements" roleURI="http://www.commsystems.com/role/DisclosureFairValueMeasurements" />
  <roleRef xlink:type="simple" xlink:href="jcs-20111231.xsd#DisclosureSubsequentEvents" roleURI="http://www.commsystems.com/role/DisclosureSubsequentEvents" />
  <presentationLink xlink:role="http://www.commsystems.com/role/DocumentDocumentAndEntityInformation" xlink:type="extended" xlink:title="00090 - Document - Document And Entity Information">
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_DocumentAndEntityInformationAbstract" xlink:label="jcs_DocumentAndEntityInformationAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_DocumentType_634673537995476328" order="1" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_AmendmentFlag_634673537995476328" order="2" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_DocumentPeriodEndDate_634673537995476328" order="3" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_DocumentFiscalPeriodFocus_634673537995476328" order="4" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_DocumentFiscalYearFocus_634673537995476328" order="5" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityRegistrantName_634673537995476328" order="6" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityCentralIndexKey_634673537995476328" order="7" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_CurrentFiscalYearEndDate_634673537995476328" order="8" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityFilerCategory_634673537995476328" order="9" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityCommonStockSharesOutstanding_634673537995476328" order="10" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityCurrentReportingStatus_634673537995476328" order="11" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityVoluntaryFilers_634673537995476328" order="12" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityWellKnownSeasonedIssuer_634673537995476328" order="13" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="jcs_DocumentAndEntityInformationAbstract" xlink:to="dei_EntityPublicFloat_634673537995476328" order="14" use="optional" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedBalanceSheets" xlink:type="extended" xlink:title="00100 - Statement - Consolidated Balance Sheets">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_AssetsAbstract_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShortTermInvestments" xlink:label="us-gaap_ShortTermInvestments_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_ShortTermInvestments_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_AccountsReceivableNetCurrent_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_InventoryNet_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidTaxes" xlink:label="us-gaap_PrepaidTaxes_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_PrepaidTaxes_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_OtherAssetsCurrent_634673537995476328" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsNetCurrent" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_DeferredTaxAssetsNetCurrent_634673537995476328" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_AssetsCurrent_634673537995476328" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_634673537995476328" order="9" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" order="10" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermInvestments" xlink:label="us-gaap_LongTermInvestments_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_LongTermInvestments_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_Goodwill_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidPensionCosts" xlink:label="us-gaap_PrepaidPensionCosts_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_PrepaidPensionCosts_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="us-gaap_OtherAssetsMiscellaneousNoncurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_OtherAssetsMiscellaneousNoncurrent_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_OtherAssetsNoncurrent_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="6" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AssetsAbstract_634673537995476328" xlink:to="us-gaap_Assets_634673537995476328" order="11" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_LongTermDebtCurrent_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_AccountsPayableCurrent_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_AccruedConsideration" xlink:label="jcs_AccruedConsideration_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="jcs_AccruedConsideration_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrent" xlink:label="us-gaap_OtherAccruedLiabilitiesCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_OtherAccruedLiabilitiesCurrent_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="us-gaap_DividendsPayableCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_DividendsPayableCurrent_634673537995476328" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_LiabilitiesCurrent_634673537995476328" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_LongTermCompensationPlans" xlink:label="jcs_LongTermCompensationPlans_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" xlink:to="jcs_LongTermCompensationPlans_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedIncomeTaxesNoncurrent" xlink:label="us-gaap_AccruedIncomeTaxesNoncurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_AccruedIncomeTaxesNoncurrent_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SecuredLongTermDebt" xlink:label="us-gaap_SecuredLongTermDebt_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_SecuredLongTermDebt_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesNoncurrentAbstract_634673537995476328" xlink:to="us-gaap_LiabilitiesNoncurrent_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_CommitmentsAndContingencies_634673537995476328" order="9" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_StockholdersEquityAbstract_634673537995476328" order="10" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_PreferredStockValue_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_CommonStockValue_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_AdditionalPaidInCapital_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_StockholdersEquity_634673537995476328" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract_634673537995476328" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_634673537995476328" order="11" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedBalanceSheetsParenthetical" xlink:type="extended" xlink:title="00105 - Statement - Consolidated Balance Sheets (Parenthetical)">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_634673537995476328" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_634673537995476328" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_PreferredStockSharesAuthorized_634673537995476328" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_PreferredStockSharesIssued_634673537995476328" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_634673537995476328" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized_634673537995476328" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesAuthorized_634673537995476328" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesIssued_634673537995632327" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_CommonStockSharesOutstanding_634673537995632327" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome" xlink:type="extended" xlink:title="00200 - Statement - Consolidated Statements Of Income And Comprehensive Income">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="us-gaap_SalesRevenueNet_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_SalesRevenueNet_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingCostsAndExpensesAbstract" xlink:label="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfRevenue" xlink:label="us-gaap_CostOfRevenue_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" xlink:to="us-gaap_CostOfRevenue_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" xlink:to="us-gaap_SellingGeneralAndAdministrativeExpense_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" xlink:to="us-gaap_GoodwillImpairmentLoss_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="us-gaap_CostsAndExpenses_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OperatingCostsAndExpensesAbstract_634673537995632327" xlink:to="us-gaap_CostsAndExpenses_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_OperatingIncomeLoss_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InvestmentIncomeInterestAndDividend" xlink:label="us-gaap_InvestmentIncomeInterestAndDividend_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" xlink:to="us-gaap_InvestmentIncomeInterestAndDividend_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" xlink:to="us-gaap_GainLossOnDispositionOfAssets_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="us-gaap_InterestExpenseOther_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" xlink:to="us-gaap_InterestExpenseOther_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract_634673537995632327" xlink:to="us-gaap_NonoperatingIncomeExpense_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeTaxExpenseBenefit_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_NetIncomeLoss_634673537995632327" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTaxAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_634673537995632327" order="8" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_634673537995632327" xlink:to="us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="6" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_634673537995632327" xlink:to="us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_OtherComprehensiveIncomeLossTaxAbstract_634673537995632327" xlink:to="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995632327" order="9" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_634673537995632327" order="10" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_EarningsPerShareBasic_634673537995632327" order="11" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_EarningsPerShareDiluted_634673537995632327" order="12" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_634673537995632327" order="13" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_634673537995632327" order="14" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_CommonStockDividendsPerShareDeclared_634673537995632327" order="15" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity" xlink:type="extended" xlink:title="00300 - Statement - Consolidated Statements Of Changes In Stockholders' Equity">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementTable_634673537995632327" order="1" use="optional" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable_634673537995632327" xlink:to="us-gaap_StatementEquityComponentsAxis_634673537995632327" order="1" use="optional" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis_634673537995632327" xlink:to="us-gaap_CommonStockMember_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis_634673537995632327" xlink:to="us-gaap_AdditionalPaidInCapitalMember_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis_634673537995632327" xlink:to="us-gaap_RetainedEarningsMember_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis_634673537995632327" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementEquityComponentsAxis_634673537995632327" xlink:to="us-gaap_EquityComponentDomain_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementTable_634673537995632327" xlink:to="us-gaap_StatementLineItems_634673537995632327" order="2" use="optional" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockholdersEquity_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_SharesOutstanding_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_NetIncomeLoss_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" xlink:label="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_634673537995632327" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueOther" xlink:label="us-gaap_StockIssuedDuringPeriodValueOther_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodValueOther_634673537995632327" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesOther" xlink:label="us-gaap_StockIssuedDuringPeriodSharesOther_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodSharesOther_634673537995632327" order="9" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan_634673537995632327" order="10" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="2" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares" xlink:label="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares_634673537995632327" order="11" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="2" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_634673537995632327" order="12" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_634673537995632327" order="13" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="jcs-20111231.xsd#jcs_TaxBenefitFromNonQualifiedStockOptions" xlink:label="jcs_TaxBenefitFromNonQualifiedStockOptions_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="jcs_TaxBenefitFromNonQualifiedStockOptions_634673537995632327" order="14" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition_634673537995632327" order="15" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_TreasuryStockValueAcquiredCostMethod_634673537995632327" order="16" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_TreasuryStockSharesAcquired_634673537995632327" order="17" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Dividends" xlink:label="us-gaap_Dividends_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_Dividends_634673537995632327" order="18" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_634673537995632327" order="19" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity_6346735379956323271" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_StockholdersEquity_6346735379956323271" order="20" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding_6346735379956323271" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementLineItems_634673537995632327" xlink:to="us-gaap_SharesOutstanding_6346735379956323271" order="21" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" priority="3" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows" xlink:type="extended" xlink:title="00400 - Statement - Consolidated Statements Of Cash Flows">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_NetIncomeLoss_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_DepreciationDepletionAndAmortization_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ShareBasedCompensation_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="us-gaap_DeferredIncomeTaxExpenseBenefit_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_DeferredIncomeTaxExpenseBenefit_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="us-gaap_GoodwillImpairmentLoss_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_GoodwillImpairmentLoss_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets" xlink:label="us-gaap_GainLossOnDispositionOfAssets_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_GainLossOnDispositionOfAssets_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="9" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInInventories_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidTaxes" xlink:label="us-gaap_IncreaseDecreaseInPrepaidTaxes_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInPrepaidTaxes_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_634673537995632327" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="4" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_634673537995632327" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_634673537995632327" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_634673537995632327" order="9" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="9" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_PaymentsToAcquireProductiveAssets_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_PaymentsToAcquireInvestments_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleOfProductiveAssets" xlink:label="us-gaap_ProceedsFromSaleOfProductiveAssets_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ProceedsFromSaleOfProductiveAssets_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_PaymentsOfDividends_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_RepaymentsOfSecuredDebt_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="5" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities" xlink:label="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" priority="9" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_634673537995632327" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_634673537995632327" order="5" use="optional" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_634673537995632327" order="6" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_6346735379956323271" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_6346735379956323271" order="7" use="optional" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" order="8" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" xlink:to="us-gaap_IncomeTaxesPaidNet_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestPaid" xlink:label="us-gaap_InterestPaid_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" xlink:to="us-gaap_InterestPaid_634673537995632327" order="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DividendsPayableAmount" xlink:label="us-gaap_DividendsPayableAmount_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" xlink:to="us-gaap_DividendsPayableAmount_634673537995632327" order="3" use="optional" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" priority="3" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SupplementalDeferredPurchasePrice" xlink:label="us-gaap_SupplementalDeferredPurchasePrice_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract_634673537995632327" xlink:to="us-gaap_SupplementalDeferredPurchasePrice_634673537995632327" order="4" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" priority="3" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureSummaryOfSignificantAccountingPolicies" xlink:type="extended" xlink:title="10101 - Disclosure - Summary Of Significant Accounting Policies">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureInventories" xlink:type="extended" xlink:title="10201 - Disclosure - Inventories">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureAbstract" xlink:label="us-gaap_InventoryDisclosureAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="us-gaap_InventoryDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_InventoryDisclosureAbstract" xlink:to="us-gaap_InventoryDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosurePropertyPlantAndEquipment" xlink:type="extended" xlink:title="10301 - Disclosure - Property, Plant And Equipment">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureAcquisition" xlink:type="extended" xlink:title="10401 - Disclosure - Acquisition">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="us-gaap_BusinessCombinationsAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_BusinessCombinationsAbstract" xlink:to="us-gaap_BusinessCombinationDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureGoodwillAndOtherIntangibleAssets" xlink:type="extended" xlink:title="10501 - Disclosure - Goodwill And Other Intangible Assets">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureEmployeeRetirementBenefits" xlink:type="extended" xlink:title="10601 - Disclosure - Employee Retirement Benefits">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PostemploymentBenefitsAbstract" xlink:label="us-gaap_PostemploymentBenefitsAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PostemploymentBenefitsDisclosureTextBlock" xlink:label="us-gaap_PostemploymentBenefitsDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_PostemploymentBenefitsAbstract" xlink:to="us-gaap_PostemploymentBenefitsDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureCommitmentsAndContingencies" xlink:type="extended" xlink:title="10701 - Disclosure - Commitments And Contingencies">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureStockCompensation" xlink:type="extended" xlink:title="10801 - Disclosure - Stock Compensation">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureCommonStock" xlink:type="extended" xlink:title="10901 - Disclosure - Common Stock">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="us-gaap_StockholdersEquityNoteAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StockholdersEquityNoteAbstract" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureIncomeTaxes" xlink:type="extended" xlink:title="11001 - Disclosure - Income Taxes">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="us-gaap_IncomeTaxDisclosureAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_IncomeTaxDisclosureAbstract" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers" xlink:type="extended" xlink:title="11101 - Disclosure - Information Concerning Industry Segments And Major Customers">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureFairValueMeasurements" xlink:type="extended" xlink:title="11201 - Disclosure - Fair Value Measurements">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="us-gaap_FairValueDisclosuresAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="us-gaap_FairValueDisclosuresTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_FairValueDisclosuresAbstract" xlink:to="us-gaap_FairValueDisclosuresTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
  <presentationLink xlink:role="http://www.commsystems.com/role/DisclosureSubsequentEvents" xlink:type="extended" xlink:title="11301 - Disclosure - Subsequent Events">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock_634673537995632327" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsTextBlock_634673537995632327" order="1" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </presentationLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>a120466001_v2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 a120466001_v2.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@!&P)]`P$1``(1`0,1`?_$`)L``0`!!0$!````````
M```````&`@,$!0<!"`$!`````````````````````!````4"`P('"@L$!@8(
M!04```$"`P01!1(&!R$3,2+3%)16%T%1,M+459465QAA<4*R(S-SDQ4W"(&A
MLW:1L5)B<B3!X8*B0W71DE-C@Z,T)<+#1'2$M#4F-C@1`0``````````````
M``````#_V@`,`P$``A$#$0`_`/JD````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````!!(^M&3Y3)/PXUYEQE&9-R(]FN3K2\)FDS0XAA25%4N$C`7.U[+7FZ_>
M@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH
M.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#
MNODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[
MKY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z
M^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NO
MDX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY
M.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3
M@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX
M!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`
M=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@'
M:]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!V
MO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=K
MV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]
MEKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9
M:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6
MO-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\W7[T'=?)P#M>RUYNOWH.Z^3@':]EK
MS=?O0=U\G`.U[+7FZ_>@[KY.`=KV6O-U^]!W7R<`[7LM>;K]Z#NODX!VO9:\
MW7[T'=?)P#M>RUYNOWH.Z^3@':]EKS=?O0=U\G`5,:OY0<N$&`\W=(+URD(A
MPESK7/B-+D.UP-[UYE""4JATJ8":@```````@VA_Y5Y?^R=_CN`)PM:&T*6M
M1(0@C4I2CH1$6TS,S`6N>PN;)E<X;YLLB-#^-.[,E<!DJM#KW`%:WF6UH0MQ
M*%N'1M*C(C49;:)(^$`WS.^W.\3OL./=U+%AK3%3AI4!6```````````````
M````````````````````````````````````````````````````````````
M```````````````.;ZT?69!_G"V?,?`=(```````!!M#_P`J\O\`V3O\=P!D
M:KPK3-RD<:YW!BWL.2H^[7,0;D-YU*\3<>4G$@C:=46$ZJ(JT^(PYO8IFF_J
M9"B7>QVV7+ARG(ELL[$A+MLES'(C#SK[:7\+#9-I61.J4FC2L=*J5Q@Q;A9L
ML0;-?8=_EPYUULV6XGJK,6Z2E)=I)4E5N4M6/$4HDMI4CC&24$?<`;*,W8SN
MS-P=YOV@GFY,=YPC3S_FV])*FN'>;C\/XV'P*<;AV@.L9P;S8YEV8C*3D1G,
M!DCF3D\EG'(\:<>,D$:O`Q4V<(#B60LY?J.S+FN\VCGF7TMY9G-P[R:VGB)>
M(U8MQA*JMC9\.$!V:8SGLV8I1)-N2\3=)AN-O&DW*\+=#V)IWP'K#.>BM\E+
MTBW'/-2.:+2V]NB37Z3>$9U,Z<%`"V,Y[3.:.Y2+<N$5=\EAMXG#V'3":CIP
M@,54?4NJL,NTTJ>&K3_!W*[0&5<F<]*DD=ND6Y$;`FJ7VWC7CIQ]J3I2O``*
M9SS^&(2F1;OQ/>F;BS;>W.YIL(BKBQ5`+>SGE*G^?R+<M)LK*-N6WBH]\@UX
MC\#OTV@+#+&HY/-F]*M1LDI.])+;^(TUXU*GPT`7)S.H!S'C@R;:F&:CW"76
MWC<)'<Q&DZ5^(!7*9SV<6(461;DR20KGJG&WC0I=>+NR(ZD5.&H!'9SR4&64
MB1;CG'@YDM#;Q-EMX^\(SJ>S@H`IM[.?4S6CN$FVKA$?TZ66WB<--#\$U'2M
M0%AQC4K&K=RK42*G@(VGZTKLKM`9-Q9STIY!V^1;D,[I!.$\V\:C=IQS+"?@
MUX`#<YY_"\/.+?\`BF^KCW;VYW.'@I7%CQ?L`+>SGM+KG/Y-N6T;2R:)EMXC
M)VG$-6(_!KP@,=IC4G>(WLNU&WB+>$EI^N&NVFWO`+UP9SZJ:Z=ODVU$(S^@
M2\V\;A)I\HTG2M0%4AG/1PHA1Y%N*:1+YZI;;QMJ.O$W9$=2XO#4`BLYZ*)+
M*5(MRI1I3S)3;;Q(2JO&WA&=3*G!0!1!9S^4QDYTFVJADKZ=++;Q.&G^Z:CI
M7XP%MYC4<WG#9E6HFC4K=$IM_$2:\6M#X:`,BXLYY4IG\/D6]"2904@GFWC,
MWOEFC"?@=ZNT!XEG/7X8M*I%N_$]Z1H63;VYW--I&5<6+$`6YG/29"CN,BW+
MC[M>$F&WB5O*<0SQ'3#7A`8R&-2\2<4NTTJ6*C3_``=WN@,BYLY[5.=.VR+<
MB$=-RE]MXW"*A5Q&DZ<-0'K[.>C@1B8D6XIQ&OG:EMO;HRK]'NR(ZE0N&H!$
M9ST4>64N1;E2#;(H1MMO$E+E=IN5.IIIW@%N$SJ"4MDYDFV*B$LM^EIMXG#1
MW<)F=*_&`IDL:BG(=./*M91S6K<DMM_$2*\7%0Z5IP@+T]G/*BC<QD6Y!DRD
MI>^;>.KWRC1A/P.]7:`(9SU^&NI7(MQW(W$FRLFWMR35.,2BKBQ5X`"VLYZ3
M+([E(MRXF%6)+#;Q+Q4XE#4=*8N$!BE'U,V5EVGX?HG_`/I`95S9STJ:L[9(
MMR(5$[M+[;QN5PEBJ:3IX5:`#K.>SM["6I%N*X$M?.5J;>W1H^1@(CK7OU`(
M3.>B:E%-D6Y3AM&4,VFWB(G:[#<J>U/Q`+45C4,I+)RI5L5&):=^EMMXEFBO
M&PU.E:<`!+8U#.4\<23;$Q36K<)<;>-9(KQ<1D=*TX0%V:SGHVHI0I%N2X31
M%,-UMXR-VNTVZ'L3\8`TSGHK?(2[(MQW`UHYLM+;VZ)'RR61G6O>H`6UG/:9
MK9W*1;EP^-O$L-O$X?%/#0U'3PJ5`8IQ]3-M)=I^#Z)__I`95S9SRJ69VV1;
MD1<*:)?;>->.G'VI.E*\``MG/?X:TE$BW%<2=4;RS;>W1M4XI)*N+%7A`(#.
M>4E)Y](MRS-E11-RV\5'ODFO$?@=^FT!9CL:C$^T<B5:S8):=\2&WR4:*\;#
M4^&G``JFLZ@',>.%)MB8AK/<)=;>-PD=S$9'2OQ`*Y3.>SCQ"BR+<F02#YZ;
MC;QH-RNPVZ'4BIWP'K#.>B@2B?D6XYYFCF:T-O$T15^DWA&=3V<%`'EM9SXF
M:T=QD6Y<(C/?)8;>)PRH=,)J.G"`QUL:EXE89=II4\-6G^#N=T!DW)G/2I"3
MMTBW(8W:,1/MO&K>4XYEA.F&O``&SGK\+2DI%N_$]\9J7NWMSN<.PB*N+'B_
M90![;F<\I4]^(2+>M)LK*.3+;Q&3WR#7B/P._3:`QFF-2"=0;LJU&WB+>$EM
M^N&O&IMX:`+L]G/YS'C@R;:F&:OH$O-O&X2?[QI.E0%<EG/1Q(A1I%N3+)*N
M>J<;>-"E8N)NR(ZD6'AJ`]C,YY*%+*3(MRIIDCF*FVWB;2=>/O",ZGLX*`+<
M!G/Z9K)SY-M7#)7TZ66WB<--/DFHZ5^,!:=8U)WB]U+M1-XCW9*:?KAKLKM[
MP#(N36>C6V=N?MR4$RC?$\VZ9F\1<<TT/P3/@J`V-B=NKUIC.79I#%Q4G_,M
M-F1I)53X*&KN?"`S@`!S?6CZS('\X6SYCX#I````````(-H?^5>7_LG?X[@"
M39EF9>B6.6_F)R.U9B128J7AW)I4=,*B5L.I["+NF`CT2/I#=,G1;BU&L\W*
MML:449]UEAR/'0FF,OI$GNSV%B(Z'7AV@+]VF:76.79K=="M,"2@ZV*,\VP@
MVC4JF)A)I^B(U;,14V_"`R/QK3SUVYASBW>N6ZP8:-<^W>''N\=,?@<;!7P=
MM*`)*`XOH7^96KO_`#MO^M\!V@``````````````````````````````````
M````````````````````````````````````````````````6Y/_`*9W_`K^
MH!']-S,\D6DS.OT1[>'Y:@$D``'-]:/K,@?SA;/F/@.D````````@VA_Y5Y?
M^R=_CN`,W4]-J]5S>N93$,1I#+[<VWM[YV(ZVJK<DT87*MH5X?$5L/:5-I!S
MUA@LR:(7UVX1$7)$&.\Y9I_-%Q3EJ1`029)QS\-;;BEM)<I16`E)[@#W51IP
M[]=$O2)D%R9:8T:UP(D5<AJ^.(4\X<.2M+;F`DK5@HA3:B2LU8J>"&2U)2JX
MMY77$?3F?UL*\.-E'=P%#.1S@Y)2,.Z-LHWT.+%6O$`=/S3:[Q=+%)@V:[+L
M=R=P<WNC;+<A31I62E?1.\16))&G;WP'SWHCE3/2]3,\FWG-UHK5>F"OA%!C
MJ_%#)3AJ-53^@Q$E1<3O_``^F0``````````````````````````````````
M`````````````````````````````````````4K<;1X:B3\9D0#%?O5G8VOS
MX[1?WW4)_K,!@OYVR9'*LB_VYDBX3<EL)_K60#%7J9IPCPLU6@O_`,Z-XX##
M>UCTH9IO,W6DC,JE28R?]2C`8R]<]'T>%FZVG_A?2KYM0&$Y^HG15LS)6:HI
MTX<*'U?-;,!B2/U.:(,<.94N</U<:6O@^)H!@2/U7:*(;7N[R\XNAX<,.3PT
MV>$VD!.]-<PHS%D:T7I"DK3-9-PE(1NBV+4GP"IA\$!)0`!S?6CZS('\X6SY
MCX#I````````(-H?^5>7_LG?X[@"19IS)"R]:N?26'I:G'6XT:%&02WGWWCP
MH:;2HTIJK^\9$1<(#1'J?EZWY*3F2YPY=GCMIP(MDADBDJ4EO>$AE#9J0XDT
M;24A6&FTS*AT#+S#J!!LT_F2;;<+FXRRB5<EV]E+R8<=TU$AQZJTJ/%NU40V
M2UT(SPT`6RU)M)YB_".8SN:G+_#2O>Z1S'GV'%S?'CWN*O$Q;O!CXN*H"6+6
MA"34M1)27"HSH1`.*:%OL=I6K1;Q%7+VWN^,7&VO\'?`=L``````````````
M`````````````````````````````````````````````!B3[O:K<WO+A-8A
MM_VY#J&B_I69`(A=M=-(;4:BEYKMZE)X4QW.<G_0P3@"(3OU<Z0,*-$1VX7)
M95H46(HJT^V-GA`87O.W6X'3+NF^8+G4R)"EM&TDZ]\VT/D0`6I_ZE;H?_M&
MFC$!"JX5W&252[U24N,?[@'A1_UA7+:<G+]E)1<!%O#37XTRN#XP`]+/U)W`
MS_$]3FHA**AE!C$5/BPHC`/3_3KJ!+2@KIJU?'J;5I9WK9'\7^8/^H`+]*%K
M?7CN.=<PS%'PF<E)&?[5)<`5I_1]ILM9+EW2]RU%_P!I*:_T,U_>`R6OTAZ.
M(41K8GO4X27+5M_ZJ4@,UK]*6B"/"LCKGPJF2_\`X7"`9K/Z9=$&B(BRRA="
MI5<F6H_VU=`9"?TY:)IX,JQ_VNR#_K<`93>@FCC943E*`="IQD&K@_Q&8#*:
MT5TD:5B1E&U5+^U%;5P_XB,!FMZ7::M^!E2T%_\`@QC_`*T`,KU*R5'85N[!
M;FT)2>QN(PFA$7<H@`R,5K+*=M*U-+9MY-&4=IW":TI)1[#P[.'O`-Z``.;Z
MT?69`_G"V?,?`=(```````!!M#_RKR_]D[_'<`;?/\25+RS(88LS-^2I2#D6
MMY:6U.-$=5*94KBDZC8I%3+:7"1@(78<LYL>T>OMJ?BOM2;A#>;L5JF22D26
M&G(2&DM./K49)QO$M1)-9X$J)-=E""SGS(-ZE9CN-QA6=ZZ/W2'&;M4]F<4,
MK5/C(=04EQ&\;-1%C0HEH):MAIPT/:&6UES.*;@WEURV8[6B_E?E9BW[)-*9
M*1SU3>XKOB>-ZK=,&'#QL7<`3[,V6;'F>R2+)?(W/+7+P<XCFM;9*W:R<3QF
MU(5L4DCV&`^?-$=*-/WM2\^*=M*5GE6],%8:NO\`^6)"G5)IQ^/0VTGQZ\`#
MZ6`````````````````````````````````````````````````````1_,.H
M.1LN$?XY?H-O67_">?;)P_B;KC/]A`.<WC]66DT-TX]M=FWV5P(:@1E\8^\2
MGMS7]E0&N[<]8;X7_P#$M+9A-*^KE75Q3"#^'"I+"?\`S`'AVW]75_/Z>Y63
M*K"^%#*4O.I*O<JF5\\@`OT]:C78JYHU3NTA)^'&A$MA'#M_XN'_`'`&9`_2
M-I4TLG;FY<[R_P#+7,E&5=M?^"EH_P!X"8VC0K2"TFDXF5("E(IA7(;YTJI=
MVL@W`$O@66SV]))@0(\1);"2PTAHB+_8(@&8``````````````````*'TXF7
M$U(L23*I\!5(!ILD050<JVZ(IYJ0;39D;T=6\:559G5*ME>$!O``!S?6CZS(
M'\X6SYCX#I````````(-H?\`E7E_[)W^.X`W&>\U.98R^NYMQT273>:CM$\[
MS>.A3ZR03DA\TKW;2:\96$^\`T;^H]YM^G9YHN5A4[.)E3R(EN>*3'6VEK>[
M_G%$;MG#6N-)*(RH1*.E0VV;\[M9?*VLMQCFS;A)C-&PA6$F6'Y#<=<AQ5#H
ME"GDDDOE*,B[YD&L[1+K^.T_!T>J_P"*?@173G/^9YYBW6/FV[P[GG'T5=[B
MKMPT`23-6:K'E6PRK]?9!Q;7#)!R'R0MPRWBR;3Q&R4HZJ61;"`?/.B6L.GT
M?4O.Y/7%2/6Z],'8:L/_`$V\6XA-:(^CJIU)<>@#Z<``````````````````
M`````````````````````````````!BW.[6JU1%S+I,8@Q&_#D27$M-E\:EF
M1`.3YC_51I?;9!PK0N5F2X'L0Q;&36DU=[>+P$?QHQ`--VC_`*D<V[,JY(8R
MW"<\&?>EGO"2?`HFU[H__*4`][!]6LR\;/6I4LVE[7+?:$FRUM[E2W*/Z6@&
M_P`O?I:T=M!DX]:W;Q(+:;UQ>6[4^^;:-VT?[4@.D6;*^6[(V3=FM42W((J4
MBL-L_,2D!LP`````````````````````````!;DD9QW2(JF:%4+]@#0Z=M.L
MY+M3;J%-N):/$A9&E1<=7"1[0$B``'-]:/K,@?SA;/F/@.D````````@VA_Y
M5Y?^R=_CN`)#FR)?Y=E=:L3L9$^I'NIJ#<COM\#C+F'C)):3\(N`^X9;`$-R
M_IQ>HVF-\R^^<.%<K\P[@AQ26F%$6[$;CDA.PS.JF]XXI*2JM2J$`OYUTG?O
MTM^X0<PW.W3)3MN.1':?;3%W<!Y#A8$FRXLE)(EK1QJ;PZGW0!&0\TIO"81S
M(:LIIO!7XEF3OX@;Q.<YYN94W.$Y/'WF*N'BX>Z`Z"ZRT\VIIY"7&U;%(61*
M29?"1@.(Z%P(/:5JN?-FJQ[TT3!X$_1[7_`V<7]@#N``````````````````
M```````````````````````````"*9XU2R)DB.;N8[LS%>-.)N$D]Y)<_P`#
M**K_`&F5/A`<H/5_6/4=1Q]+\N'9K*L\/K/>"(BI_::29*;_`.J3A_$`S[5^
ME^+=):+KJ7F.?FZY>$<=3JV8B#_LI(E&Y3_":"^`!UK+>2\IY9C%'L%HBVQN
ME#YNTE"E?XUTQJ_VC`;D```````````````````````````````%$A1I8<4D
MZ*)*C(_A(@&DR'-ESLHVV5+=4_)=;,W'5^$H\:BV_P!`#?``#F^M'UF0/YPM
MGS'P'2````````0;0_\`*O+_`-D[_'<`;74&;F2'EIU_+R5<\)QHGGFF4R7F
M8YJ+?.LL*-*77$)VDDS_`&'P&$-:SKFTM(IE\M5SB7NZ0F77)%QDL*AKCI;C
MD\I+T0D\:0DSH140DR-*N#A#<:ASLZ6Z,N[VR]1X+##;2+9:>:ID.W*>X9X8
MSAJ,E))P\*4[G:7&49T(!@(S1G([HF^JGM%8U7_\`.P\W0=&]_S(W^<UWF]*
M1QZ>#@V4KM`3G,]_;R_8Y5W<A3+BB*23.';F3D25XEDCZ-HC+%3%4]O!M`?/
M6B.I<5K4S/*3L%[7ZR7I@VC1"-7,\2G4_P"?HKZ"F.I\.PC[P#Z9```````!
M;D28T9HWI#J&6D[5..*)"2^,SH0"*776#2VU&I,[-5L;6FN)M$EMU94X>(V:
MU?N`1"Y_JLT5A*-#=V>G*+92+%?,OV*<2VG]X#4J_5_IVXI28%HODXR[K45J
MA_TO5_<`I3^JIAPL;.0LQ.-GX*RCE0_Z*@/?>F+V?YCZ,`J9_5[I\VI*+M:+
MU:G#X=_%0:2I\3F+_=`2VQ?J(T;O)H1&S-&CNKV$W-)R(9'WL3Z4(_>`G\*X
M0)["9$&2U*CJ\%YA:7$'\2DF9`+X``````````````````````BV>M3LD9&A
M<YS'<VXJU)Q,PTGO)+OV;*>,?Q\'?,!R!>H6N.JZC8T_MAY3RJZ=#S'<-DAQ
M'=-K8JG_`(25?XR`2O(OZ9\AV"05TON\S7F%:MX_<;G](@W.$U)94:D\/=6:
MC^$!UQ"$(0E"$DE"2(DI(J$1%L(B(@'H````````````````````````````
M``````H?,B9<-18B))F:>^5.`!ILD2(LG*EN?BQ4PHZVS-N*E1K)!8S*A*5M
M,!O``!S?6CZS('\X6SYCX#I````````(-H?^5>7_`+)W^.X`DF9["J^6I4)N
M?)MD@EI=CS8:R0XVXC@J2B4A:#X%(6DR,@&BM6FT:+DJY9<EW&3,D7IE3=TN
MCF#>K6J.B-5M*4I;0E#3:4H3AX"VU.I@*<PZ>7*YYE9O\+,\VUR(T<HL9EIB
M$^VTDZ[Q;9267L"W.!:BVF1$7``K;TUB)OQ7%5UFKMQ3"NIV,S9YH=P(O_45
M)O?>'])N\>#'QJ`)B`XOH7^9.KO_`#MO^M\!V@!9ES8<-DWI;[<=E/A.NK2A
M)?&I1D0"$WW7;2*QXRG9HA+<1PM15G+74NYACD[^\!"97ZL<K2G#8RIEV]9D
M?+8GF\?`V9_'](X7W8#5736/7V6DCC95M64(SFU$G,,UMI9)[^!YR,K_`,LP
M&EGNZC7"Q^L.:M:;=:K"J1S-3V7T[]!/X<9L$Y'2PHUX"KPGL`8.5=-]#,W3
MY+4K..8<X3H<5R<^;B)3;:FV2+'@WC)K4K;L22ZGW`&[R]:-`&Y<:-;=+LP3
MM\XEI,R3;)3[/'42<:U2'3(DEPF>$!.;C?+7E:[2;;E_26=)*(HDHGP($-F.
M[Q2/$VX1XC+;2ID`D%RU"O=MLMIGQLBWB4[<4.*D6^,B/OHAMJ(B2^6\(JKK
M5-.YPT,!5:]2;S*LMUN<O)-\@JMJ6U-05M,KDRS<4:33';2YQC1PJK38`LY=
MUCM]ZO,6TGEG,=LD2U&E#UPMCC#"3))JX[M5$DMG"`LKUVT<?F/VN?>V(TAE
MQ;+T>XL/1TU2K"K:^VE!EL[X#-NVE>D.9FRYWE^UR5/MD\EZ.VVTZIMPJI<)
MQC`LR5W#J`@<[]*=D@2%3LAYDNN5+APIW3RGF:]PC+$VY3XUF`Q3NWZHLA?_
M`+A`B:@69OA?B_1S227]U*4+,_\`PU_&`WN5_P!4FFUSD_A]\.3E:[)/"[%N
MC9H0E?>WJ2-*?_$)(#K<.;"G1FY4*0W*BNEB:?96EQM1=]*DF9&`O```````
M`````````CV<M0<G9,@<]S)=&8#9D9M-*/$\[3N--)JXO]A`.-/:LZNZHNK@
MZ6V95CL"E&V[FNYD258:T,VBXR2/X$$M7^$!)\B_IKRC99OXYFA]W-^9W#)Q
MZ?<JN-$YPU0RLUXJ'P&X:C[U`'7DI2E))21)2DJ)26PB(NX0#T``````````
M`%B7.@PVS=ER&HS9;36ZM*$[/A49`--<]0\BVNU)N\Z_P&;8MTXZ)?.&U-J>
M(L1MI4DU561%7"6T!J;-K/IO?'+@U8[M^*/6R*Y.E-16)#BMRS3%@^C(G%<8
MJ)29F8#66W6UBZW"+$MF3LSOM2'4-JG.6XV([:5J).\4MU:.*5:GLX`%V^Y[
MU4CWF5`LFG3MQB,.*0S<GKG$BM/)+@6E!DM1$?P[0&3>+KK,Y;K6Y8K%9X\^
M0R:[JS<9CJT1GJ[&T*CH+>%3Y1`$.-K9)R[<V[C-L-OO[BVOPEZ$U*?8;01_
M3;XGC2:E&7@TV%W:@/,L99U;BWJ/,S%G2-<;8V2]_:XUK:C[PS29)^GQJ6G"
MHR5L+;0!KW--=3GWW%R-4)Y,K4:DM1K?!8PD9U(B5A6>S@`;+,NG.9+Q<$RH
MV>KQ:6"9;:.)#YNE!J05%.5-NN)?"?[@![3.YOY79LCN=K^F0U)5).\,R&FI
MBTFDT[E2TM4W9<-*</=`,MZ83K*Y.6YG3,-U*9%<BI3/E-NDPIRE'V?HBPNH
MIQ3_`'`-?;]&KE#GQI:M0\U24QW4.G'>FMJ:<)"B5@6G=;4JI0R`7[_I)<+M
M>)=R:SYF:VIE+-:8,.8VW':V4PMHW1T3^T!DW336\S+/:;?'SO?83UL;6V].
M:=9-Z6:S(R7(-39XE)I0J=P![;].LQQ+'=+<YGF\2I5PW/-[B]S8WHFZ7B5N
M:-D7TA<56+N<%#`6LNZ=9NM5[C3Y>?KK=8;)F;MNDM1MVZ1I,J*4E!*(JG78
M`P96FNJ#LIYUG5">RRXM2FV?PZ$K`DSJ2<5"K0MG``V&9<BY_N4J.[:L_P`N
MSLM1VF76$08CY..H(R6^9J))DISA,BV%W`'CF1L_'E$[2K/\HKKSHY"K[S&+
MO.;[O#S;<^!AQ<;%7%W.`!NM.K>FW9)M,)-R_&"9:-/XD;>YWW'4>+=_)X:`
M)&``.;ZT?69`_G"V?,?`=(```````!!M#_RKR_\`9._QW`&PU*@3KAEA4.%-
M1$?>?:(VER%Q.=H2K$N(F0U]*VIY*3*J"K^RH#GS;DT]%+U'M<ZXV.78X[BI
M[#SZ9;Z5<Q1)0S'E*4XI+*R=0NM<:2,TEA[@9^>&7)\[.$]^?,B2,J6:/-L)
M1Y3T=#;ZFI#QOJ;;4E#N-;)-F3A**B:=TP%B.J4Y+9S<Y-EHOKF:46ER-SE[
MFZ82I'-3B\UQ;FFY^FK@Q8N-4!TK-[^:F,NRW<J1HTR_I)',H\U2D,*,UI)>
M-232>Q&(RVEM`?*F2[I^HIO-6H"\I6FWKN[MR0K,*24VHF9%7"2B/OW4DI.U
M1[<7``9AB?K,F[[GBKDV@C22D6Y<1HL*_P"P<52%'2FWO`-+%T@N$INXGGJ'
MG2=<E.-L0)4>W')0VLU*-;BS7(<-Y)D5.*94KW0$AR/IWI-EB_0KI<V,U2W8
MTE37,YUB5S9:B*GTJ":?Q)JJI454!(VF_P!-DEPUW*X9A4W,><44.85W:809
M'B-"4,MMH2A-=A5V`)5+SA^E.[O0I=Q>M,UUB(F-$=G1WG#*-&(R2CZ=LZX:
M'3%M,!*;1J9H)%@HA6R]V&'"55],5M3$=NI%0U&W1!$JB>Z50$DAZAZ>2$ES
M3,MI<3A)9$W-CGQ54(CH2_A(!MHUZLTK%S:?'?PD1JW;J%T)7`9X3/A`9@``
M``#&G6RVSVC:GQ&9;1E0VWVTN),C[E%D9`(EFW1O3_-$Q%QN$!<>ZLMI98N4
M%YV)(;0V5$)2II24T3W*D8#&D9/U"L.68UOR9F3GTV-(6\IW,V*8IUE143'-
M]HFUI2DRV*H9_"`\L^?\V6ZVW:7J)EW\"CVAI#R[I!=Y]&D)4K"9M-MD;Z33
MPF1I/9M`9*F-(M5+7B--LS+&)/AEA4^T1_"6%]D_Z#`<]F?ILO66I*[CI3FZ
M9EY\SQ':I:S?AK/O'L/9_C0L!:+6W5O(QDQJ;DQR5`;V*S#9:+:-/]I:*J;(
M_C4CX@'1\EZU::9R)"++>V#F+_\`H))\WDU[Q-N837_L5(!-P`````````!#
M<\ZOZ>9(;5^/W=IJ6153;V3WTI7>^B152:]]5"^$!RYS5/6O4K_+:;9>5EVQ
MNGA5F>[$1*-!_*:29*3W?D)</X2`;_)WZ9LK09_X[G28]G/,CADMV3<34J.2
MN'BLJ-6.G_>&9?`0#L3++3+2&64);:;(DMMH(DI2DMA$1%L(@%0``````T=T
MSUDJTNDS=+];X3RE$E+3\IEM9F9T(L*E$KA`1S,NN6GN7[U(L4B3*F7J*:4R
M+?`AR)+B5*22DD9H1@J:3(_"`5W'4B_KL=INF7,E76[KNI.JYH^;-O<C$THD
MES@GU<3><*-AU(!5;;KK#=++=%OV&UY=NY):_!D2IBYS1F:OI><<W0W2B/!P
MGP_``M9<R_K*F]19N8\V6]=M:,SDVBWVXDI=JDR(N<.K-Q-%&1["[@#`E:'K
MN<EQV]9XS-.;<6I91&YR8K!$:JX<##:-G<`;N\Z.:;7RY,W.]V5NYSV&&XJ'
MY;CSOT;)43B0I>!1]]1IJ?=`;J#DO*$"VMVN'9(+%N9=-]J&B.T327C*AN$C
M#3'_`'N$!M6(T>.C=L-(:1_80DDE_00"X`UMPS-ENW5_$+M#AT5NSYQ(::XY
M_)XZBV_``B\S7/2*(XAMS-4!QQ:S;2B.X<@S45-E&"<[X#`:U\R=,)L[-;KY
M>2=)>[.#:I:B,T%4RQ.H:*H#PM5\W2TH5:]-K\Z3C:EIYZ<2#QDF985;QU1I
MKA[NWX``\X:W24&<33^)#Q-DILYUX949.5*J5(8;7W/[P#QR?^HIY*R8M.6(
MJL*#;4]+FO%4Z8R,D-HK3;_K`5O0?U#O&\2;IEB(DU(-DVXLUTR*AXR/&X1<
M-*?Z``[!KTX9FK-ME9+>D9$W:G%?1[:EQW_W?O`>MY.UJ5@-_4.,@R>4M:6K
M*Q0VCI1LC6Z9[*'MX?A`&L@ZKF3!R=3'U+;-9N;FTP6TK)1<4J*Q^"`I[,]1
M%);WFIUT-24+2HT0H""-2JX54)L^"O\`K(!3V49T6:3>U,OI_0[I6Z;AMU5B
MKCV-'39L_M?W@'JM'[ZK'BU'S/QFTMEA?C)H::<8J,<)T^/X0!S15YXWM]G[
M-JB>2VFB;DEO#NRVFG`TFF+N@"]#+8X;INYMS6O>N)=,CO#Q4--=A4(MAU`>
M/Z"9442UJNE_=7C-XDJN\RAK/N>'W>_P_"`DVFUE=LF1K1:G6W67(K2DJ;?4
M:W"JXI7&49F9\("2@`#F^M'UF0/YPMGS'P'2````````0;0_\J\O_9._QW`$
MIOU@L]_M;MKN\5$R"]0ULN%\I)XDJ29;4J2952HMI&`U+.6,BY<RF>77&XT*
MPR4G%>;D.$V4A3Y8%;QQ1I4MQS@K6I@/<Q93R%=;M;I%^AQ'[FW1%OWZR2MP
MFU;PF\&).^2E7&)*B41'MH`)RID(\XJO"8D0\TI3OE+)9;XJIW6^-G%3%@XF
M\PXJ;*T`24!Q?0O\RM7?^=M_UO@.T`````+3D.(X1$XPVLB(R(E)2="/A+:7
M=`8#V5<KOEA>L\%U.`VZ+C,J+`?"G:G@^`!JI6E>F<HE$_E2TKQ()L_\E'(\
M!&1D5205*4(!JIF@NCLM*TNY3@))>$E;E"F#XO!0VE(I^P!BN_I\TTJX<6//
M@J<6EPSBW*<W0TUIA+?&DN'O`/%:,/QW"<M.>LT0?IM\IM<\I;9_W<,EMS9\
M9F`\;R1K)`-OF.HB)S:5J4MJZ6IA>))TPI-QA;*]E/W@/$3/U#V[#SBW9<OZ
M$H6I9Q9$F"ZI1$9H26^2Z@J[/]7"`\/5[,5J2?K9D&]6U*&MZ]*MY-76.FAT
MICCJ)1=SA3^[:`VMFUKTNNSW-V,P1HTPDI4N).Q0G4XZ82-,DFJGQBX`$V0M
M"T)6A1*0HB-*B.I&1\!D8#T!&>S3(A9D8S,S98T:_1\>[N$=.Y69N)-"C639
MI2X>%7RR,!%8]HUQRO/;*%=(F=["MTB<8N1)A7)EM2MIHD-EN7<)5/C)KWB`
M;N5K!D"%F>3E>\3CL]S:42&RN3:HS$@E$1XF'W")I:>-3P@&JSC^G[2?.2#E
M/VIN%,>+&BYVLRCN&9[26>`C:77OJ28"&)TEUXR3QLAYV*\VUOP+/?"-5$]Q
M"%JWB?\`JFV`][?-5LL'N\_:<2TMHV.7*T&;K.SA.GTS?_G`-[9?U6Z-7'"F
M1<G[4\?"U.C.D9'WC4T3R/\`>`2V)K+I1+21LYNM6WN+EM-G_0XI)@+[NK&E
M[234O-MG(B*ITG1SV?L6`CUW_4EHM;&S4O,C,I9<#41MZ0H_B-"#3_28"(O?
MJCD7MPXVGV2+MF%\]B9#K>Y8(^^9MD]L_P`1I`6CRM^IW/M?Q^]QLBV=WPH5
MMX\HTGW#4VLU<'_?E\0"79%_3CIIE1U,UR&J^7FN-=RNAD^K'PFI#9ENTG7N
MX35\(#J)$1$1$5"+81$`````C&:M3M/\J8DW^^Q(+Z2KS53A+D'LKL8;QN_[
MH#4WC4J]NV^UR\EY4FYF;N[!R&)"EHM\=I.+"1/+DT6A7=I@X.`!['AZOWW+
M<QBZ3;?E*[//(."_;$'<5M1R^L0[SC`V;A]Q2=A`&6=*G+9<57*\9KO>8I+C
M+C#C$Z3AAX'4X5TC-)0DMA[-NP!E6/1K2NQJ2NW97M[;J#Q(>=93(<29'4C)
MQ_>+(_V@)B24D9J(B(U>$?=.G?`>@`#47;..4K.7_NUZ@P.-NZ29+31XS^31
M:BV@(DYK]I@MY+%LN#]ZD+6II+-JARIAFM--E6VS3MQ%3:`LHU6S?<T-JR]I
MU>GTNI6:7;HN-:T$::X:DZMQ=%4_L]T`.5^H6Y)/=0,NY?;6UL-]^5/?0Y7O
M-)9:/9\?[0'AZ?ZLW%*RO&HSL=IQM"38M%NC132HJ8C2\X;SFW;WO]`"IS0;
M*\TW#OMXOU]WIH4M,VZ2";Q(*E2;CFPDN'O`-G"T3TFAN&XUE2W+=4YOC<?9
M*0K'M.N)[>'W>`!)X&7[#;DDFWVV+#2D\1)CLMM$2C[O$26T!G@`````````
M```````+<DS*.Z9'0R0JA_L`:#3MUQW)5J<=6IQ:FCQ+69J4?'5PF8"1@`#F
M^M'UF0/YPMGS'P'2````````0;0_\J\O_9._QW`$Y`<FULC9<7<+1(N%PMC%
MP932/`OS1+@/L+EQ]\HEK-*6W$82Q&DS5NS5Q:;2"#YGDVFZ(*Z*3`LQ,6.S
MO1+)/23L^2@L;R&;0^LT.QUU^B):$+-2Z&9)H`D<)67%7R&;)12S\>;Y1RDE
M@_$2B&\_B)S_`(NX*WX:5XE,--M`'6<TQ,Q2[%)CY<N#5KO*\'-9K[)2&T46
MDUXFS,JXD$:?@K4!\]:)V;4]>I>>=QF.&T4.],>LU81*YZ9+<-6YVEN<2247
MP5^`!]-`````````````````-7?,K9;OT5R+>K7%N+#I$2T26D.5))U3X1&>
MP^`!"G-#K/`<=>R=>KKE)YUTGEM0)!N1%&5>*<61O6L.W814+]FP!YSK73+J
MBYQ%MV=H&\6IQR*96R>AK894:<-4=9\-")15_>`R;/KADN3-9M=\*5E2]/(6
MX5NOK"X9X6ZXE)?7]`I/%.ADO:`GT>0Q(90_'<0\PZ1*;=;42D*2?`:5%4C(
M!A7S+UBOT%4"]6^/<8:^%B2VEU/QD2B.A_"0")9BT[OZ&[<O(>8W<K_A4=,6
M/:3:1)MCC:%&9$XPOC)5MIC2JM`'AYQSUEG*Z)V<K"=UN"99L/>JZ')22C$B
MI2E,O&AQ/&(R4E.*FP!M,F:H9'SEOF[#<DO2XR<<N`ZE;$EDB/"9N,NDA9$1
M[*TH`V%XR3DV]8CN]C@7`U^$N3&9=4?^TI)F`BDK].^BTK%O,JQ4XN'=*>:_
MHW:TT_8`LL?ILT19\'*[*MM?I'Y2_G.F`D%ITGTRM"TN6[*]L8=3X+O-6EN%
M3^^LE*_>`E+;;;:"0VDD(25$I21$1%\!$`J``&%=KY9;/%.7=I\>WQ4UJ_*=
M0RC9_>6:2`19.KV49UFN=SRR<G-1VIQIF1$LS*Y#QN/'1!(Q8$*+NFI*J$0#
M'RQFK5&_W0SEY2;RU83:<P2I\I#TTW,/T2BC,E1)8O"2I7!W0&!&TDS/<934
MO..>[K=%-.)=3`MV"U0ZI5B22D,8EK(J=U8"8L9&R:Q>I-\:LL)-XEKWDBX&
MP@WU+(J5WAD:BX.X`W@"AUYEE&-YQ+:"V&I9DDMOPF`AUUUHTKM;I,R<SP7'
MU&:4L17.=.&I/R<$<G55V["[H#4HUL3<DMGEG)^8+XAY"UM2BA\SBF::T(WI
M:FBVT[Q_T[`#UBUWNA4M^4K584+:Q)=N]P5)4ERO`IN&CO?WOV]P!XYDW6BZ
M)<3<\^1[4VXA!;FS6U!&E9$6/"])6XNA[?\`5P`/7-";#/-T\Q7^_P"8">4A
M:VIER=;9(T$?@M1MPA)'7@`;FTZ.Z6VE[?PLKV]+^/>D^ZPE]PE_VB6]O%%P
M]PP$MCQ8T9O=1F4,-5K@;22$U/NT30!<`````````````````````````4/J
MPLN*H1X4F=#X-A`--DB<J?E6W2U,M1U.MF9LQT;MI-%F7%3W.`!O``!S?6CZ
MS('\X6SYCX#I````````(-H?^5>7_LG?X[@"<@(IGW,V2+2S#C9G;YUOW4/1
M8B(KLUPE,N(H]NV4.*2EM:DU494VT[M`%%YS[I[$EVURXR&G776VY<.64=R0
MB.S)/"T^X^AM:8R'3V)6XI)'^P!=9SED9S."[4TM/X^:E0SE<U=)"W6T&ZJ*
M4PV]TIQ""Q&T3E2[P"4@.+Z%_F3J[_SMO_YX#M`````````````````````#
M$NEHM5VAN0KI#9G0WDFAV/(;2ZA25<)&E1&0"!2]%+="=>EY)O5PRA-<;2VA
MN&YOX!$@RI6$_B:[GR</=[YU"AZ_:U9:6LKG8HF<+:3B4,S+.YS.<35-KCT5
M\S:4HS[C;E/V`-A8M:]/[I+1;WYCEENSCALHMEX97!D*65-B2=(DJK79A48"
M=(6AQ!+0HEH454J2=2,O@,@&LO&5LO7F+-BW&`T^W<6#BS58<#CC)[<!NHPN
M4K_>`0_+VC<?+-YBS,O9EO4.V,+J]87I/.X3B*&6`D/DM:/C)50%N:S^H2%,
M?<M\G+=X@*<6IAF2W+AOI;-1FE.-LW6S-);.#:`S<QYKU3M<J(BUY';OL9R*
MVY+?8NC$<VY2J[QI*'T)-2$]Q?=[Q`!9TU(/*R[GZ@/%>RE\W38SN42IL8*\
MYYQ3=TQ<7#2O=`>99S/JU<YDEN\9+C6&*F.XJ*^[<VI2E2"+Z-"D,(,R09^$
MKN`,")%_43,DM+G3\LVJ)C2;K45B9*=P$>U.)U3:=I`,O,6EU[S#>I4J;GB]
MQ+2\HC8M%L6U"0V@DD1H-Y"%.+(S*M3V@-DG2?(3D*TQ;E:T7G\%;6U`>NAG
M,<23BL:\2GC5C,U=\MG<H`E$2%#A,)CPV&XT='@,LH2V@OB2DB(!4_(CQVE/
M2'4,M((S6XXHDI(B*IF9G0N`!![MKGI?;Y'-&KTW=;@:%+;@VE"[@\O#6I)Y
ML3B:[/E*(!KU:DZBWC$G*N09;;2VTN,7"_O-V]NIF7A1T[U[NGLV&`]7E36N
M]DK\7SA#R^PLT**+8H>]<21%QD<YEF:N[PDC_H`7&]`\B/OG)S"Y<<T2#=)]
M*[S->D(2O;X+*#:9P[>#``F%ER?E.QH2BS6:%;DI,U)YK':9H:J5.J$EPT`;
M<````````````````````````````````!0_@W+F.N#">*G#2FT!I\DIMR<J
MVXK:MU<$FSW"WR(G#+&?A$G9P@-V``.;ZT?69`_G"V?,?`=(```````!!M#_
M`,J\O_9._P`=P!.0'--8-RR]:Y9P+NF2A;2(U[LB=\ZT9RV%'&=8(EDM+F$E
M(WB%(QI+@/A"*S[9GUJ6_<)[5X1F.\6^W.6]%J;2J`=R:CFT\U<L)+;)LET-
M273W>%2L-5`-W$C7I4^'E9=HFHEQ,S/WE^ZFPHH',UR7IA.(D^`I2R=)K=UQ
MUK4J;0'1<TY:MV9K%)LER4\F%+P$\<9U;#M$+)94<09*+:G;WRV`/GK1+2G*
MK^I>>34N:D\K7I@K6:);J:DA3BBWU#^EVME7$`^F@```````````````````
M`````&NOF6\OWZ+S2]VV-<HU#(FI32'2+$5#-.,CPG3ND`@BM"K1;%$[DN^7
M;*3K:'$LQX<E4B#B<J>)<25O4*H9\!&0"BOZ@[`@TX;-G6,VT@FU57:9RW,1
M8C41[Z-P5X#3_H,+CVLLZU*=3FC)-]M26C0DY49A-QBF:BJ='8QGL(^[A_?L
M`;"#KII),=-E.9X;#Z5[I;,LUQ%I7MXIID):,N`!(XN<\GRS246^V^0:U&A!
M-2F%U47"DL*SJ8#**^V-24K*XQC2JII43S=#P\-#KW`&',SODR$C>3+];HZ,
M!N5=EL(XB:XE%5?`5`$=FZ[Z/P\6]S5!<-*-X91UJD'AX-FY)RI_!P@,%>NU
MADDLLNV&_9C,FT.(7!MKR6E)<,J?22-R7R@'CN<]9[EO4V7(;-M01HW,J^7%
MI.)*B,S-3$0G5%39\L![ZG:S79[%><[Q[1&)W%S.Q04DI3?]@Y$HW%E^Q("N
M)H'D-2V7K^J?FJ6PM3C<B^S'I=#72I;JJ&:;.`T`)O9\O6&R1D1;/;HUNCME
MA0U%:0TDBK7@01=T!L``````````````````````````````````````!0^D
MUL.)+A4DR*OPD`TV2($BWY4MT.0:#>9;,EFVHEIJ:S/8HMA\(#>``#F^M'UF
M0/YPMGS'P'2````````0;0_\J\O_`&3O\=P!.0$4SGGQ&7I<*WQK1*O5RF%O
M4Q(ALH-#*7FV3<-3ZVDUWCZ"2DCJ9]XMH#(O6>[5:&+(J4S(*1?I$:-$AFWA
M?;.2M"#6^A1ENTM&XDEUX#,D\)D`PV=1XCN82MIVN8BV.37+4Q?E$SS1<]HE
M8V223F_(L3:D$LV\)K+#4!*)]P@6Z(Y,N$EJ'$:(C=DOK2TV@C.A8EK,DEM/
MN@.%Z&YGRTG4O4\E7:$1W.]-';2.0T7.2,WB+<<;Z3PB\&H#O8``````````
M````````````````````PIUDLMP3AGP(TM.(ET?9;=+$6PE<<CV@([(T?TKD
M&1NY2M-2<-TC3$91QSI4SPI+AH`PTZ%:/I))%E*W416E62/PN&M3V_MX`&9!
MT?TL@J;5&RG:DK:(TH6J(TXHB56O&6E1GX1@)%"L=E@I),*WQHJ4IP)2RRVV
M1)K7"6$BV`,T````````````````````````````````````````````!;D_
M^F=_P*_J`1[3<J9'M)4I]$>S_;4`DH``YOK1]9D#^<+9\Q\!T@```````$&T
M/_*O+_V3O\=P!.0'/=6K/=[FS;TQLML9BB-O-*XL@X<Z,]SAHR6T]PI;6@E)
M6:%$I.P]I`(_=-+=3'HMME(S0A^YI59DS4.Q&WS;*`ZVXXXB0ZMM:TI<)3QI
M-)&X?#\`;6+E?.!72/8GK>TFPQ+\[?OQTI"3-QM;[DQ#!1J;Q+N^=PJ,^+A*
MI'78`GF8<NV7,5H?L][B(G6R5AW\5VN%6!1+3P&1[%)(R`<`T1TQR$]J7J`;
MMF86>6KTR5CQ&L^;8%.J3@XVVBFTGQJ\`#Z0````````````````````````
M``````````````````````````````````````````````````````````%#
MZE(8<4G8I*3,C^$B`:;)%QF7'*ENFS%[R2\V:G5T)-3)9EP)(B[@#>``#F^M
M'UF0/YPMGS'P'2````````0;0_\`*O+_`-D[_'<`3D!`-4,\W[+<FUQ[<<""
MQ-5]-=[N3QPTJWS3:6#4T:";6M+JEXEJ(L*3H1F`9IS5J!:H'XTQ"M2;1$CQ
MG9+#CSKS\Q]ZA+8A.-DA*3Q*)#2EH5O%&6Q("F/GO-"KRS,=C0BRG)O#MB:2
MDW>?I>:<7'*0M5=T:%2&C3@)-229*Q=P!+<T9DMN6K%*O=S)XX40DFZ4=I;[
MG'62"PMMDI1[5%7O<(#YZT1U6RHSJ9GE*RF5S3>F#M>&(\JF-3B2WV%)[K:X
M7A`/ID``````````````````````````````````````````````````````
M````````````````````````````4/FDF'#454DD\1=\J`--D=V"[E2W.06%
M1HBFSW3#B]XI)8U;#7W=H#>``#F^M'UF0/YPMGS'P'2````````0;0_\J\O_
M`&3O\=P!.0$2S[EO-EX1&.P79F$E*VTRX4V,4J,XE+[;I.D1+:43C>[/9BPJ
M+89=T!'CTQSE!EV@K1?(#EKL,-B+:X=S@O2":=:1A<E49DQF]ZNM$F:>(G8F
ME3J&TCZ=W9%[;-V\-KRRQ<W+VS:RC89!3'5+=-"I.\-)LI?=4ZDMWBK0L5"`
M3H!Q?0O\R=7?^=M_UO@.T```````````````````````````````````````
M```````````````````````````````````````````"A])*9<29DDC298CX
M"J0#39(B-P\J6Z,W);EH;;,DR63,VU\<SJFH#>``#F^M'UF0/YPMGS'P'2``
M``````0;0_\`*O+_`-D[_'<`3D``<PU8D9LB7>VRV)]TM^7$$6-^RH8>=1)2
M3JW%RF'$+<>:)M*#)+9&6Q6(O!`8KU^S#)7.S=&OL@X=MO,&UQK2TADH4B&^
MN(TZXLC0;N\=.4IQ"B7Q>*5.&H=!S??IE@R[+NT.TR;W)C$@V[9"+$^[B6E!
MX"V^"2L1_`0#YGTNU7S':,YZ@3XN0KS='KO<T/R849M2G82BWOT3Y$@Z*/$?
M>X`'2.W[.?LGS)]ROD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS)]RO
MD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS)]ROD@#M^SG[)\R?<KY(`
M[?LY^R?,GW*^2`.W[.?LGS)]ROD@#M^SG[)\R?<KY(!A7O7[.YV:>3>F.8X*
M^;/8)JFE$3)X#HZ9FUL)'A`-#I9KSGUK(5I;E9'S#FE]*'27?FDK=1)^F70R
M<-"L6`N)P]P!*^W[.?LGS)]ROD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`.W[.
M?LGS)]ROD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS)]ROD@#M^SG[)
M\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS)]ROD@#M^SG[)\R?<KY(!$-2-><^N1
MK#S?)68<MFB]0EN.N$MHIB"->*"7$3B4_P!Q.VM.`!+^W[.?LGS)]ROD@#M^
MSG[)\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS)]ROD@#M^SG[)\R?<KY(`[?LY^
MR?,GW*^2`.W[.?LGS)]ROD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`.W[.?LGS
M)]ROD@#M^SG[)\R?<KY(`[?LY^R?,GW*^2`1&5KUG[M4A.%DK,+44K0ZE653
M2LG'5F_7GI-[O:22+!BH`EW;]G/V3YD^Y7R0!V_9S]D^9/N5\D`=OV<_9/F3
M[E?)`';]G/V3YD^Y7R0!V_9S]D^9/N5\D`=OV<_9/F3[E?)`';]G/V3YD^Y7
MR0!V_9S]D^9/N5\D`=OV<_9/F3[E?)`';]G/V3YD^Y7R0!V_9S]D^9/N5\D`
M=OV<_9/F3[E?)`(/D/7G4!&:\YK?RCF"_-.36S8M39+<5:TD2RW"TX#P&K9L
MH7@@)QV_9S]D^9/N5\D`=OV<_9/F3[E?)`';]G/V3YD^Y7R0!V_9S]D^9/N5
M\D`=OV<_9/F3[E?)`';]G/V3YD^Y7R0!V_9S]D^9/N5\D`=OV<_9/F3[E?)`
M';]G/V3YD^Y7R0!V_9S]D^9/N5\D`=OV<_9/F3[E?)`,.\Z^9U59YR4Z89CA
MJ..Z12U-*)+1F@_I#,VN!'"`E/Z;YTV=HOEN3-?7(D+1))3SAXE&2);R4U,^
M\DB(!TL``<WUH^LR!_.%L^8^`Z0```````"#:'_E7E_[)W^.X`G(``B6<--K
M-FB='FR94V$\V1-2^8R78Y28Z271AXD*+9]*JBBXQ$9D1[0'JM,<L'>FKFCG
M3+;2V'U6IJ0XB`X_$0AN.\Y&(\"EM):02>YQ4F9&9`)8`TEAR9ERPW.\W.UQ
M=Q-O[Y2KHYC6O>.I(R)1$I1DGPCV)IP@-V``````````````+,R)'FPWX<E&
M\C26ULOMU,L2'$FE15*A[2,!@96RQ9<K6&)8;(P<:UP4J3&9-:G#22UJ<552
MS4HZJ69[3`;4``````````````:C,F4[%F1N`W>&#D-VR:S<H:26M&&3&KNE
MG@-.(BQ'Q3V`-N```````````````#4NY5L3N:6,TKCUOD>(NWM2L:Z%'6X3
MBD8*X/"+AI4!M@```````````````:2Q9,RY8KK>;K:XNXG7]],FZNXUKWCJ
M",DF25*,D^$>Q-.$!NP`````````````!:EQ6)<5Z)(1O(\AM33R*F6)"R-*
MBJ5#VD8#7Y5RM9,JV")8;&P<:UPB44=DUK<,L:U.*JI9J4=5+,]I@-J``.;Z
MT?69`_G"V?,?`=(```````!!M#_RKR_]D[_'<`3D```&HS9&BR;#*1,N;MH@
MI)+DR<PZ3"TLMJ)3B=]PMDM)834FBB(]AD8#F5MM4V9<+7E]^7=HN4;O,G2[
M9'?F2FIRHT2*REMMR0:REI;<>6Z^AM2\6$BKLXI!KH:KG?+7>3N%[N+;F5;2
M^]:)+,MQA3CK,VX,IEO[LT%(43<%M)[S$D^-LXP"NV7W,-ROOK-<V;BS$AW:
M);US(UPW3#"7BCMI8_##(VWVGG'_`*5Q7TA8JH\$@'<@```````````0[4:%
M9WHL9Z[S[BVP@UMQ;1:I#L=^;*61&TE)QU-O+6C">%.,D%4U+V%4@@$V-F4K
M-?YE\O$YO,.2[/"=A&Q+<;:YSS=<AQUYMLTMR3=66Z6;B3)1).E*@-@SSUR3
M#S.Y<9WXG/S,_9I4(Y3W-2@[]Z(4=,8E$TDT-MDZ2R22\6W$`W.G^5K<SF^]
M72V/SRM=M4JT1F)-PFS$/2$85RWS3)==+B+HRBG=2OOE0.C@```````````Y
MQG6T*?S/'.UW6Y.9K>?C.PHK$EQ$.!";6@I#DB.@TL*:<2A?UR5*6H\*.#BA
M%9=RO%LR_$SQ#N,UR^761>6I<-V2X[%P,1I[K+:(JC-IOFRXC9$:$D>P\5:@
M*KXU<,O-JL]FN]REJOUKANIW\UYYQV>[<&&"-N0XM1QBEH?6A:VS(D%QDIJ5
M#"::4+N+$:]VBY;UB7;9Q)*W/2W+CS5EZ.TZVA$UZCCZ58C759$:35AX"(!.
MP```````````<5O[<^R_C=RRQ>;I-7;K?-3F*[2I+C\94Q9$EE+#:S-A#T8S
M4M6Y0E+:2PJVG0@O7BWOV;,S>3(5UN16.[N6I4QUV=(=D-F^N:3R6Y*UJ>;*
M3S1M*B2HN[AI4!C.L70[@JR.KO5XRW:+C.ALQ;;.6BXX]W#>C*>>-YA]UB.<
MAU&(W#PG@QU`=&TRNMRNV0K)<+DLW)S\<M\Z9DHUFE1I)9J3L4:DI(S,MA@)
M.``````````-=F&*B59)C#EP=M32FS-ZXL+2TXRTD\3BDN+(R1Q",L?R>$MH
M#E4*VR7Y<&TQYUVCY(O]U)$$GYDHI;C,>WR'W3;D.+YTVQ)>;0:$XR49),RH
ME8"].D9D1D"04:]26F+)?UP#=4>]E2HS=U;8::<DK,UT2A1H69<9=-JN&H7,
MV+G*F9KS(FXS6+CEJXP(MIB-276XQ,J;B.K2Y&2HFG><*DK2HUI,Z4PF5`'7
M````````````1;4&'9W[8PY>;C.BVYIPR.#;GG6'IKRRPLL).,:9"U8MJ6VU
M%B/AV$`YXNUYAD6ZY1[_`'>Y1+AEK+Z+E;B;FN-N-O/NS5H<DJ:4E,EQAJ.T
MTHUXD&9*X<50$J;FYA>SKDV9*N*R@W2WR7%VEM!-M)=3&96I;AU-3BL:SPUH
M22[E=H#/R[^,M:CYCC7"YN3F3@0),5@TDTS'2Z_,3NVT$9[<+:<2U&9J/O%0
MB"9@.;ZT?69`_G"V?,?`=(```````!!M#_RKR_\`9._QW`$Y```!K,R99LF9
M;2Y:;U'.5;W5H<6R3CK55-+):#QM*;7Q5)(^$!I>RK(IVI5K7!==B&^4I)NS
M)CCR'B0;>-I];RGF^(9I/`LJD9@+MPTPR%<&;>S*LS*F;6T4>&T@W&DDP1DK
M<K2VI).MU*IH<Q),]M`&3(R%E&3F%O,+UM0N[-*0M+^)PDFXVDDMN+:)1-+<
M0DB)*U)-2>X8#?@```````````C^9\@Y5S1)B2;U%<?D0$N)B.M29,939/8=
MX1''<:\+`5:@,9_2_(LAVWNR+63[EL0VU&6Z\^X9MM+-QM+V)P]^2%F:DD]B
MH>T@&4UD+*+69%9E;MJ$WE2C<.02G,.]4C=J=)G%NB=4CBFX2,1ELJ`VMMM<
M"V1U1X+1,LK=>D+21FJKLAQ3SJS-1F=5.+,P&4```````````"*W#2[)5POK
M]]DPW_Q62MMR0^U-FLDM3*22WB;:>0V>%*:4P@,F)I]DV)?)%\8M;2;E*WN^
M=,UJ15_ZY265*-I"G?EJ2DC5W:@,>WZ7Y"M]OG6^+:&DP[DE#<MI:W7*MM&:
MFD(4XM2FT-J.J$H,B2>U-`&VR]EFQY=@JA6>*49A:S==JM;KCCAD1&MQUU2W
M%JHDBJI1["H`V8``````````&52IWP$0L^DN0;.XI<"W.(0MMUE<=V7,?CJ;
MD$9.I5'>><9,EXSK5/=`7HNEV0XUGEV=JTHYA.6VY*2MQYQQ2F3JR9/+6IU.
MZ,OH\*BP?)H`2-+LAR+1#M+EI1S*`XX[%)+CR'4K>.KRC?2LGE[W_B8EGC^5
M4!)8L:/%C-18S26(S"$MLLMD24(0@L*4I26PB(BH1`+@``````````U^8+!:
M<P6>39[NQSFVS$DF2QC6WC22B418FU(46U)<!@-$WI5D5%LD6PX+KL.2XV^M
M+\R8\M+K-=VXTZZ\MQE2<1[6U),!MFLI9<:L#67VH*$6=DT*;B)-1))3;I/I
M4:B/$:MZG&9F=3/AJ`Q[CD+*-QO[-_FVU#UU8-M2'S4X25*9.K2G&TJ)MQ39
M[4*6DS3W*`-^```````````#19HR1EG-/,_QN,Y(5`6MR&MJ1(C*;6XG`I1*
MCN-*J:=GQ?&`P).E60I<>!'E6OG#=N2IN,;S\EQ9MK<WJFGEJ<-;[9KVX'34
MGX`$A?M-N?GP[@ZR2ID`G4PW:F6[)XB2X1$1T/$22X2`>MVN`W<W[HAHBGR6
M6H[[]3JIIA2U-II7#Q5/+[G=`90#F^M'UF0/YPMGS'P'2````````0;0_P#*
MO+_V3O\`'<`3D```````````````````````````````````````````````
M````````````````````````````````````````````````'-]:/K,@?SA;
M/F/@.D````````@VA_Y5Y?\`LG?X[@"<@````````(](U$T_C/N1Y&9K4R^T
MHT.M.38Z5I4DZ&E2374C(^$@%':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJ
MM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3X
MWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@'
M:9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQ
MUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'
M3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC
M@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9
MIQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJ
MM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3X
MWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@'
M:9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQ
MUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'
M3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC
M@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9IQUJM'3XWC@':9
MIQUJM'3XWC@,RU9RRA>)7-+3?(%PE$DU[B+*9><PEPJPMJ4="J`W`````#F^
MM'UF0/YPMGS'P'2````````0;0_\J\O_`&3O\=P!.0````````'$M#<@Y&O.
M4)TZ[Y>MMPFJO-T2J3*B,O.FE,I9)(UK2I5"+@`=#[)]+NJ-FZ!&\0`[)]+N
MJ-FZ!&\0`[)]+NJ-FZ!&\0`[)]+NJ-FZ!&\0`[)]+NJ-FZ!&\0!0]I;I2RTM
MU[*ED::01J6XN#%2E)%PF9FBA`*8VF&DLIA$B-E:QOL.%5MYN%%6A1=]*DH,
MC`7>R?2[JC9N@1O$`.R?2[JC9N@1O$`.R?2[JC9N@1O$`.R?2[JC9N@1O$`4
M.:6:4MX=YE2R(QJ)",4&*55'P)*J-IF`K[)]+NJ-FZ!&\0!0YI9I2T@UNY4L
MJ$$1F:E08I$1$53.IH[A%4!ZC2G2Q:$K1E*RJ0HB-*B@QC(R/@,CP`*NR?2[
MJC9N@1O$`.R?2[JC9N@1O$`8\/3?1^:E:H>6K#)2VHVW#9AQ'"2LN%*L*#H?
MP`,CLGTNZHV;H$;Q`'A:4Z6F9D64K,9D=#_R$;8?#_8`>]D^EW5&S=`C>(`=
MD^EW5&S=`C>(`\/2?2XMIY1LU/\`["-X@"EK2S2IUM+K64[*XTLB4A:8,4TJ
M2>TC(R1M(!7V3Z7=4;-T"-X@!V3Z7=4;-T"-X@!V3Z7=4;-T"-X@!V3Z7=4;
M-T"-X@!V3Z7=4;-T"-X@!V3Z7=4;-T"-X@!V3Z7=4;-T"-X@"VK2W2A+J&E9
M4LB77",VVS@Q24HDTQ82P5.E=H"E>F>D;;+CSF6+$AEDS)UQ4.(24&6PR49H
MH5/A`>3--=(8+._FY9L45BI)WKT.(VBI\!8E((JF`LS<@Z*P5-IFV#+T53Q5
M92]%AMFLN^G$DJ_L`9+VEVD[+>\>RK9&VS-*26N%%2FJS)*2J:.Z9D1`*)FF
MND,)DWYF6;%&8(R2;KT.(VBI\!8E((MH"M>EVD[;)OKRK9$,)3C4ZJ%%)!)X
M:FHT4H`]/2O2HG$MGE.RDXLC4E',8M3)-*F18.Y4@%J)IOH_,-PHF6K#(-E6
M[>W4.(O`LODJPH.A_`8#([)]+NJ-FZ!&\0`[)]+NJ-FZ!&\0`[)]+NJ-FZ!&
M\0`[)]+NJ-FZ!&\0`[)]+NJ-FZ!&\0`[)]+NJ-FZ!&\0!9[,M)-VISU7L>[0
MHVUKYE%PI61X329X-ADK90!4>EVE!/DP>5;(3ZDFM+7,8N,T),B-1)P5H1F6
MT!;+3?1]4Q4$LM6$YJ4XU12AQ-Z2#^4:,&*GPT`6HN0=%I<ER+%R_EZ1*:KO
M6&HL-;B:'0\24I,RH8#)[+M*#?./ZJV3?DDG#:YC%QD@S,B5AP5I4J5`6RTW
MT?.8<$LM6$YI)QG%YG$WI(_M8,&*GPT`69^0]%+>XEJ?8<NQ'5IQI0_&A-*-
M/!4B6DM@"R[D_0AK!O;1EEO>I);>)B"G$A7`I-2VD??`;%O2W2EPUDWE2R+-
MM6%>&#%/"JA'0Z(V'0R,!:+3;2`YBH)9:L)S4IQJBE#B;TD'\HT8,5/AH`'I
MMI`F8F$>6K"4U236F,<.)O327"HD8,5/AH`]+372%3;[A99L1MQC4F2LH<3"
MVI!542SP<4TEM.H"XUI7I4ZVAUK*=E<:<22D+3!BFE23*I&1DBAD9`(1.RME
MJP:_9*18K3#M2'[9=5/IAL-L$LTI;))J)M*:TJ=*@.R`````.;ZT?69`_G"V
M?,?`=(```````!!M#_RKR_\`9._QW`$Y`````````<P_3M__`$.9_P`ZNO\`
M^K6`Z8^AU;#B&G-TZI*DMNT)6!1E0E4/8=#V@.'*T<U\-1F6K+U#,Z?Y2G[B
M6`I['-??:R]T4_'`.QS7WVLO=%/QP#L<U]]K#W13\<!.+];Y=NMF4D9FEG=[
M?;7B+,$];1$VXZF,M+,A]I)*(FR?H9UV)5A4?!4!A3[O96X"W\M[ZT9>EW9M
M%[O<1&!DVE13Q/QC,E)0@W4--./)02:FHZUJH!II5YS=)MLQYF[SFF+?:;S.
MM<E"$)7+*%)04!YXE-\;$BI4(BWB>-W0&R=N.:66;S`;NLLU%+L*H\Q:6U.M
ME<7VTRTHXF#!AK0C2>&O>`5Y=F9D8S'";>NLV7&_&[C:%,R"0I!PV(CLAE2C
M)"3-PG$$6\KM+8`UCV=[X_8-Q$N$@KQ#R_=W+B9-'C9GQW&$,[PE(P[U&)1I
M1W2VTH`W)RK];[^[:CN$J=%:NMJ-MV2E"UDB4VX;Z,:4)+!B01_W:T+8`T<?
M-UV:LKDB5=[BY>7FDE?H1(;9CVV0N8VU1<A3+AQ$)0I2?`69MEO.$L1AK';M
M>95GCS9]RDFY:KI=XMMDI4LTN$=L6Y&2M;C31ODI9X4*4@L9'W:@-^>8K\F8
MT2KE*;O*'+2W9K*ELB8F1'VHYRWEIW?'XRWR6LE%NL!<'R@]@7'-C+$:85YF
M./7.)?<1.L%(;87#>/F:VHZ$$M2FT[,-:N?#L`966+M(NV2\S0YCD^YM,L+;
M.3"?3+-U+T<]XF"^;,59N)VF;;B:H49)KW"#5V9R<;EP]77X-QF1;8EYB\6N
M*N`>**^AU,";'Q+8-;Z<22IA4@L?%34!3><VWYRS6_,*;G(C0KJ<RX0H*5<U
M=6Q5M,%#+JF)#2G393C*,X1;Q2SV\6@#"F76\VZ]WA$>8_!A7&\+D7-R;)7#
M..2[;%<BH-Y+$O<I<7O$^!0S;)&+N&&QO%VSN=K?GG>7VIEOLMLF(*(UA8>E
M/RWVW'%-OLH6HE-)35!H3W\);`&9>+G?H-KNL,[R\U'@7U,9$R6LV5+BK@-2
M-TY-;9=W!;]T\+JFZ;";,]H"996OK=SRW"-Y;J;B[")]V/+W92C1M;)U:6R0
MFBU).BDI(C[Q<`#F649F9(UA@R6KA,89M997B1K<24E'W4UF*W+):#1B55+R
MOE<4RJ5`$IRWF)_U@>7=;O+*<VY<OQ:T+:04.)%CO*YJZI1D@V4[E*32O$K>
MXC/N<4.C)42DDHCJ1E4C^`!BW2&]-MLJ&Q*=@O2&EM-S&,.]94M)D3B,9*3B
M36I5(!`[=I9FJ)<(TI[46^RVF'4..17>:[MU*%$9MKHU7"JE#`7;WIEF>XW:
M7.CZ@7NW,2'%.-P8_-MTRD^!"*M5PEW*[0&1=].\Q3K?:XL?/-Y@NP&5-2)3
M/-MY*49UWCU6J8BX-@#V!IYF*-8;E;'<\7B3)GJ94Q<W.;;^*32L2B9HWA^D
M+8JO<X*`,#/67KA-S/E-$"2LKS:X5RD6VX.\!RFBB)(G\!$1H?2:T.%3@4=-
MI$`CC4JX9FLY6=FQN/IO%YN$V\VF4X48TQH:TI6RXX:5E_ZM39%0N,E)F0"^
M[/=DVK+ZK]);M5[LB9EMF2KG%*=:U/LFTA2'S-3)I<?;2AUIU*DU2:B[N$!5
M8+AE6)<K6YF.+"MD9RS.-1(\DE*95@GN$1QBE%O"0ZBCC;9E5*%)338`LS+;
M>;S8++E.+:UR8:2G7)R-(=.(IB&IYYJTI-3B7#):"<2XA!E5)M%P4`;&-F*"
MZY;[_G:)A9CVI<5PGV]ZPS=HKRVY[9$9&E+CN[1NE'3&DC)/#M!;FROND6;F
M;&VIVWRU7-%BA832XA@T\5DF5$E;57,9H;41&2325"*@#9W.\VC,EVWUI4_<
MHD.R7-N<J`1D\A4DXY-L(4HDDF2LFEX4'M(RVT`8.G+D5&9&8\)<&[,-VU;9
MW:#%<M[T=*%M8(T]DE*94XNIFG8E2<*N*1*,!U$!'<X96NM_3#*!F.X9>.*M
M2W56_<U>)5*)7OD.>#39\>VH"-(TIS6DT&>I&8#PN&M6R%M(Z<7:P?>^+X`'
MB-*,V))NNI.8#-&*ITA;<1;.%@^#X:_L`>)THS81(+M)S`>%"D'LA[356A_4
M=ROQ_"0#>Y1R7>[%.<DS\VW._M+8W*8L\H^[2K&2MZG=-MJQ4XNT_P#10.<2
MX5QL]KO4R.R\]:<P9AE,W%A*5*W$Q-XPQY:4]QMYM!-.?"2%?V@&TO$R_P#K
M>_GAJUX[3:)Z+?S_`'M'"MC.*//PQR0:E)YPXMVN+:323[@"F*<./FMAJ,3$
MZ0N]K==M$J,MB\Q5.OKWDI$MA5'8R4K-9;Q.%3/$Q<!`+&7W<O2,MV>WVM+"
M\X1[T3AI807.F$)NBU25O&DL2$'%WA*Q[%$=.Z0#)CS;ZG-[>>U6S#9Y=P5;
M5W#??2':EF42/6.:,1(*8A+^+%L2M1@,&XW;+-NRM`M#[7-M0%R6E*D.-&4A
MNXE*1O)#TDT\5IS&9DXI6!3?%(_D@)YJ7;(,NWVIQZ(U(=*\VE.-;27%$V=P
M:Q%4R,\-*U`1&?)M5LU!S$T_-L5K8/F&Z9NT7>+4A,8B/<*)YA*4%P4H>T!(
MLG9BL$7,>9[6_/88N,R]&Y%B+627'4N08I(4A)[5$K"=#(!K,JNY1:A66W7&
M";^=6):%36VVE%.3-QGOY;KA85;@ZJ4:U*P*1Q2K4D@,&0BR)RQ<K3*C8]0G
M9,E;"2:/GRYRI"CBRFG<)*W*2W:B<(\"$%A/@,@&MC07TRK[9"8<.+G.ZW(I
MBDH5@3S"6XJ4:SI0N<1,+::\-`'4-/$FG(&64J3@,K5!(T&5*&49&RG<`0_-
M7_\`H'(O_*[O\UL!U`````!S?6CZS('\X6SYCX#I````````(-H?^5>7_LG?
MX[@"<@````````.(Y+B:W9*MTRRP<GP;I%5<)DMF:NZH8-:)+ZG$_1FVJFP^
M^`D'K=KW[/[?Z9;Y(`];M>_9_;_3+?)`'K=KW[/[?Z9;Y(`];M>_9_;_`$RW
MR0!ZW:]^S^W^F6^2`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`/6[7OV?V_TRWR0
M!ZW:]^S^W^F6^2`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`/6[7OV?V_P!,M\D`
M>MVO?L_M_IEOD@#UNU[]G]O],M\D`>MVO?L_M_IEOD@#UNU[]G]O],M\D`>M
MVO?L_M_IEOD@&+<KYKA<H+T"9I[!7%D)P/(1?2:,TUJ98VVT**O=H8"\QF?7
M5AEMAC3RVM,M))#3:+RV24I25$I(B9V$1`+GK=KW[/[?Z9;Y(`];M>_9_;_3
M+?)`'K=KW[/[?Z9;Y(!;+,VNI/G([/+;OS239N?C+>+`1F9)KNN"I@+GK=KW
M[/[?Z9;Y(`];M>_9_;_3+?)`'K=KW[/[?Z9;Y(`];M>_9_;_`$RWR0!ZW:]^
MS^W^F6^2`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`/6[7OV?V_TRWR0!ZW:]^S^
MW^F6^2`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`/6[7OV?V_P!,M\D`>MVO?L_M
M_IEOD@#UNU[]G]O],M\D`\+-FO15,M/K<5=I_P#O+>T^#_L@'OK=KW[/[?Z9
M;Y(`];M>_9_;_3+?)`'K=KW[/[?Z9;Y(`];M>_9_;_3+?)`'K=KW[/[?Z9;Y
M(`];M>_9_;_3+?)`'K=KW[/[?Z9;Y(`];M>_9_;_`$RWR0!ZW:]^S^W^F6^2
M`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`/6[7OV?V_TRWR0!ZW:]^S^W^F6^2`>
M'FS7I1&2M/K<9'PD=Y;I_"`>^MVO?L_M_IEOD@#UNU[]G]O],M\D`>MVO?L_
MM_IEOD@#UNU[]G]O],M\D`>MVO?L_M_IEOD@#UNU[]G]O],M\D`>MVO?L_M_
MIEOD@&%9[1JA?=5+%F?,N7XECM]EA38Y[B<F8IQ4HDDG8E"#*F$!UL````!S
M?6CZS('\X6SYCX#I````````(-H?^5>7_LG?X[@"<@``````````````````
M````````````````````````````````````````````````````````````
M`````````````````YOK1]9D#^<+9\Q\!T@```````$&T/\`RKR_]D[_`!W`
M$Y``````````````````````````````````````````````````````````
M`````````````````````````````````````!S?6CZS('\X6SYCX#I`````
M```.':7:V:89?R':;->+V42YPD.MRHRH\I1H7OEG0S0TI)[#[A@)5[Q>C/6-
M'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B
M`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C
M/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&
MF<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![
MQ>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8
MT=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R
M(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z
M,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T
M:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'
MO%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSU
MC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG
M(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7
MHSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'
M1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`
M>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/
M6-'1IG(@'O%Z,]8T=&F<B`>\7HSUC1T:9R(![Q>C/6-'1IG(@'O%Z,]8T=&F
M<B`>\7HSUC1T:9R(")YYU4R%G&[Y%M>6KI^(SV<TVZ4ZPAB0@TLMI=2M9FXV
MA-$FLJ[0'<P`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
F```````````````````````````````````````````````'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	word-wrap: break-word;
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>18
<FILENAME>R9.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Property, Plant And Equipment<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant And Equipment [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock', window );">Property, Plant And Equipment</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 3 - PROPERTY, PLANT AND EQUIPMENT</b></u></font></p>

<p><font class="_mt" size="2">Property, plant and equipment and the estimated useful lives are as follows: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="50%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="5">

<p align="center"><font class="_mt" size="1"><b>December 31</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" rowspan="2" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Estimated <br />useful life</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="5">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Land</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,114,330</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,099,988</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Buildings and improvements</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">7-40 years</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">8,779,969</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">8,449,395</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Machinery and equipment</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3-15 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">23,266,325</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">21,889,116</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Furniture and fixtures</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5-10 years</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,966,579</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,569,720</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Construction in progress</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">515,095</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">39,642,298</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">37,008,219</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Less accumulated depreciation</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(25,623,279</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(23,794,152</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">14,019,019</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">13,214,067</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.13-14)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2921-110230<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>19
<FILENAME>Financial_Report.xls
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xls
M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O
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M<B!E9&ET;W(@9&]E<VXG="!S=7!P;W)T(%=E8B!!<F-H:79E(&9I;&5S+B`@
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M;V9T+6-O;3IO9F9I8V4Z97AC96PB('AM;&YS/3-$(FAT='`Z+R]W=W<N=S,N
M;W)G+U12+U)%0RUH=&UL-#`B/@T*/&AE860^#0H\;65T82!N86UE/3-$(D5X
M8V5L(%=O<FMB;V]K($9R86UE<V5T(CX-"@T*/&UE=&$@;F%M93TS1%!R;V=)
M9"!C;VYT96YT/3-$17AC96PN4VAE970^#0H\;&EN:R!R96P],T1&:6QE+4QI
M<W0@:')E9CTS1")7;W)K<VAE971S+V9I;&5L:7-T+GAM;"(^#0H-"CPA+2U;
M:68@9W1E(&US;R`Y73X\>&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX
M.D5X8V5L5V]R:W-H965T<SX-"B`@(#QX.D5X8V5L5V]R:W-H965T/@T*("`@
M(#QX.DYA;64^1&]C=6UE;G1?06YD7T5N=&ET>5]);F9O<FUA=&EO/"]X.DYA
M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H965T
M<R]3:&5E=#`Q+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@
M(#QX.D5X8V5L5V]R:W-H965T/@T*("`@(#QX.DYA;64^0V]N<V]L:61A=&5D
M7T)A;&%N8V5?4VAE971S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U
M<F-E($A2968],T0B5V]R:W-H965T<R]3:&5E=#`R+FAT;6PB+SX-"B`@(#PO
M>#I%>&-E;%=O<FMS:&5E=#X-"B`@(#QX.D5X8V5L5V]R:W-H965T/@T*("`@
M(#QX.DYA;64^0V]N<V]L:61A=&5D7T)A;&%N8V5?4VAE971S7U!A/"]X.DYA
M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H965T
M<R]3:&5E=#`S+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@
M(#QX.D5X8V5L5V]R:W-H965T/@T*("`@(#QX.DYA;64^0V]N<V]L:61A=&5D
M7U-T871E;65N='-?3V9?26YC/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T
M4V]U<F-E($A2968],T0B5V]R:W-H965T<R]3:&5E=#`T+FAT;6PB+SX-"B`@
M(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@(#QX.D5X8V5L5V]R:W-H965T/@T*
M("`@(#QX.DYA;64^0V]N<V]L:61A=&5D7U-T871E;65N='-?3V9?0VAA/"]X
M.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H
M965T<R]3:&5E=#`U+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-
M"B`@(#QX.D5X8V5L5V]R:W-H965T/@T*("`@(#QX.DYA;64^0V]N<V]L:61A
M=&5D7U-T871E;65N='-?3V9?0V%S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H
M965T4V]U<F-E($A2968],T0B5V]R:W-H965T<R]3:&5E=#`V+FAT;6PB+SX-
M"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@(#QX.D5X8V5L5V]R:W-H965T
M/@T*("`@(#QX.DYA;64^4W5M;6%R>5]/9E]3:6=N:69I8V%N=%]!8V-O=6YT
M/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R
M:W-H965T<R]3:&5E=#`W+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E
M=#X-"B`@(#QX.D5X8V5L5V]R:W-H965T/@T*("`@(#QX.DYA;64^26YV96YT
M;W)I97,\+W@Z3F%M93X-"B`@("`\>#I7;W)K<VAE9713;W5R8V4@2%)E9CTS
M1")7;W)K<VAE971S+U-H965T,#@N:'1M;"(O/@T*("`@/"]X.D5X8V5L5V]R
M:W-H965T/@T*("`@/'@Z17AC96Q7;W)K<VAE970^#0H@("`@/'@Z3F%M93Y0
M<F]P97)T>5]0;&%N=%]!;F1?17%U:7!M96YT/"]X.DYA;64^#0H@("`@/'@Z
M5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H965T<R]3:&5E=#`Y+FAT
M;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@(#QX.D5X8V5L5V]R
M:W-H965T/@T*("`@(#QX.DYA;64^06-Q=6ES:71I;VX\+W@Z3F%M93X-"B`@
M("`\>#I7;W)K<VAE9713;W5R8V4@2%)E9CTS1")7;W)K<VAE971S+U-H965T
M,3`N:'1M;"(O/@T*("`@/"]X.D5X8V5L5V]R:W-H965T/@T*("`@/'@Z17AC
M96Q7;W)K<VAE970^#0H@("`@/'@Z3F%M93Y';V]D=VEL;%]!;F1?3W1H97)?
M26YT86YG:6)L95\\+W@Z3F%M93X-"B`@("`\>#I7;W)K<VAE9713;W5R8V4@
M2%)E9CTS1")7;W)K<VAE971S+U-H965T,3$N:'1M;"(O/@T*("`@/"]X.D5X
M8V5L5V]R:W-H965T/@T*("`@/'@Z17AC96Q7;W)K<VAE970^#0H@("`@/'@Z
M3F%M93Y%;7!L;WEE95]2971I<F5M96YT7T)E;F5F:71S/"]X.DYA;64^#0H@
M("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H965T<R]3:&5E
M=#$R+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-"B`@(#QX.D5X
M8V5L5V]R:W-H965T/@T*("`@(#QX.DYA;64^0V]M;6ET;65N='-?06YD7T-O
M;G1I;F=E;F-I97,\+W@Z3F%M93X-"B`@("`\>#I7;W)K<VAE9713;W5R8V4@
M2%)E9CTS1")7;W)K<VAE971S+U-H965T,3,N:'1M;"(O/@T*("`@/"]X.D5X
M8V5L5V]R:W-H965T/@T*("`@/'@Z17AC96Q7;W)K<VAE970^#0H@("`@/'@Z
M3F%M93Y3=&]C:U]#;VUP96YS871I;VX\+W@Z3F%M93X-"B`@("`\>#I7;W)K
M<VAE9713;W5R8V4@2%)E9CTS1")7;W)K<VAE971S+U-H965T,30N:'1M;"(O
M/@T*("`@/"]X.D5X8V5L5V]R:W-H965T/@T*("`@/'@Z17AC96Q7;W)K<VAE
M970^#0H@("`@/'@Z3F%M93Y#;VUM;VY?4W1O8VL\+W@Z3F%M93X-"B`@("`\
M>#I7;W)K<VAE9713;W5R8V4@2%)E9CTS1")7;W)K<VAE971S+U-H965T,34N
M:'1M;"(O/@T*("`@/"]X.D5X8V5L5V]R:W-H965T/@T*("`@/'@Z17AC96Q7
M;W)K<VAE970^#0H@("`@/'@Z3F%M93Y);F-O;65?5&%X97,\+W@Z3F%M93X-
M"B`@("`\>#I7;W)K<VAE9713;W5R8V4@2%)E9CTS1")7;W)K<VAE971S+U-H
M965T,38N:'1M;"(O/@T*("`@/"]X.D5X8V5L5V]R:W-H965T/@T*("`@/'@Z
M17AC96Q7;W)K<VAE970^#0H@("`@/'@Z3F%M93Y);F9O<FUA=&EO;E]#;VYC
M97)N:6YG7TEN9'5S='(\+W@Z3F%M93X-"B`@("`\>#I7;W)K<VAE9713;W5R
M8V4@2%)E9CTS1")7;W)K<VAE971S+U-H965T,3<N:'1M;"(O/@T*("`@/"]X
M.D5X8V5L5V]R:W-H965T/@T*("`@/'@Z17AC96Q7;W)K<VAE970^#0H@("`@
M/'@Z3F%M93Y&86ER7U9A;'5E7TUE87-U<F5M96YT<SPO>#I.86UE/@T*("`@
M(#QX.E=O<FMS:&5E=%-O=7)C92!(4F5F/3-$(E=O<FMS:&5E=',O4VAE970Q
M."YH=&UL(B\^#0H@("`\+W@Z17AC96Q7;W)K<VAE970^#0H@("`\>#I%>&-E
M;%=O<FMS:&5E=#X-"B`@("`\>#I.86UE/E-U8G-E<75E;G1?179E;G1S/"]X
M.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U<F-E($A2968],T0B5V]R:W-H
M965T<R]3:&5E=#$Y+FAT;6PB+SX-"B`@(#PO>#I%>&-E;%=O<FMS:&5E=#X-
M"B`@/"]X.D5X8V5L5V]R:W-H965T<SX-"B`@/'@Z4W1Y;&5S:&5E="!(4F5F
M/3-$(E=O<FMS:&5E=',O<F5P;W)T+F-S<R(O/@T*("`\>#I!8W1I=F53:&5E
M=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0<F]T96-T4W1R=6-T=7)E/D9A
M;'-E/"]X.E!R;W1E8W13=')U8W1U<F4^#0H@(#QX.E!R;W1E8W17:6YD;W=S
M/D9A;'-E/"]X.E!R;W1E8W17:6YD;W=S/@T*(#PO>#I%>&-E;%=O<FMB;V]K
M/@T*/"]X;6P^/"%;96YD:69=+2T^#0H\+VAE860^#0H@(#QB;V1Y/@T*("`@
M/'`^5&AI<R!P86=E('-H;W5L9"!B92!O<&5N960@=VET:"!-:6-R;W-O9G0@
M17AC96P@6%`@;W(@;F5W97(N/"]P/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-
M"BTM+2TM+3U?3F5X=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C
M83@X.60T86%F#0I#;VYT96YT+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E
M96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H
M965T,#$N:'1M;`T*0V]N=&5N="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D
M+7!R:6YT86)L90T*0V]N=&5N="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970]
M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T
M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@
M8VAA<G-E=#UU=&8M."<^/'-C<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T
M('-R8STS1%-H;W<N:G,^+RH@1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@
M*B\\+W-C<FEP=#X\+VAE860^#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S
M<STS1')E<&]R="!I9#TS1$E$,$564D%%/@T*("`@("`@/'1R/@T*("`@("`@
M("`\=&@@8VQA<W,],T1T;"!C;VQS<&%N/3-$,2!R;W=S<&%N/3-$,CX\<W1R
M;VYG/D1O8W5M96YT($%N9"!%;G1I='D@26YF;W)M871I;VX@*%531"`D*3QB
M<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,],T1T:"!C;VQS
M<&%N/3-$,3XQ,B!-;VYT:',@16YD960\+W1H/@T*("`@("`@("`\=&@@8VQA
M<W,],T1T:"!C;VQS<&%N/3-$,3X\+W1H/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T:"!C;VQS<&%N/3-$,3X\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^1&5C+B`S,2P@,C`Q,3QB<CX\
M+W1H/@T*("`@("`@("`\=&@@8VQA<W,],T1T:#Y-87(N(#`Q+"`R,#$R/&)R
M/CPO=&@^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H/DIU;BX@,S`L(#(P,3$\
M8G(^/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-
M"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS=')O;F<^
M1&]C=6UE;G0@06YD($5N=&ET>2!);F9O<FUA=&EO;B!;06)S=')A8W1=/"]S
M=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D1O8W5M
M96YT(%1Y<&4\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/C$P+4L\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/D%M96YD;65N="!&;&%G/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X
M=#YF86QS93QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^1&]C=6UE;G0@4&5R:6]D($5N9"!$871E/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#Y$96,@,S$L#0H)"3(P,3$\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-
M"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D1O8W5M96YT
M($9I<V-A;"!097)I;V0@1F]C=7,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/D99/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@
M("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A
M;&EG;CTS1'1O<#Y$;V-U;65N="!&:7-C86P@665A<B!&;V-U<SPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'1E>'0^,C`Q,3QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^16YT:71Y(%)E9VES=')A
M;G0@3F%M93PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^0T]-355.
M24-!5$E/3E,@4UE35$5-4R!)3D,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L
M87-S/3-$<&P@=F%L:6=N/3-$=&]P/D5N=&ET>2!#96YT<F%L($EN9&5X($ME
M>3PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^,#`P,#`R,C<P,3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M0W5R<F5N="!&:7-C86P@665A<B!%;F0@1&%T93PO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^+2TQ,BTS,3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@
M8VQA<W,],T1P;"!V86QI9VX],T1T;W`^16YT:71Y($9I;&5R($-A=&5G;W)Y
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y!8V-E;&5R871E9"!&
M:6QE<CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T
M97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T
M97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^16YT:71Y($-O;6UO;B!3=&]C:RP@4VAA<F5S($]U='-T86YD:6YG
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XX+#0W,"PP,34\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,]
M,T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D5N
M=&ET>2!#=7)R96YT(%)E<&]R=&EN9R!3=&%T=7,\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/EEE<SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA
M<W,],T1P;"!V86QI9VX],T1T;W`^16YT:71Y(%9O;'5N=&%R>2!&:6QE<G,\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/DYO/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y%;G1I='D@5V5L
M;"UK;F]W;B!396%S;VYE9"!)<W-U97(\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/DYO/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y%;G1I='D@4'5B;&EC($9L;V%T/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$;G5M<#XD(#$Q.2PW,#$L,#`P/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-
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M;#L@8VAA<G-E=#TB=7,M87-C:6DB#0H-"CQH=&UL/@T*("`\:&5A9#X-"B`@
M("`\345402!H='1P+65Q=6EV/3-$0V]N=&5N="U4>7!E(&-O;G1E;G0],T0G
M=&5X="]H=&UL.R!C:&%R<V5T/75T9BTX)SX\<V-R:7!T('1Y<&4],T1T97AT
M+VIA=F%S8W)I<'0@<W)C/3-$4VAO=RYJ<SXO*B!$;R!.;W0@4F5M;W9E(%1H
M:7,@0V]M;65N="`J+SPO<V-R:7!T/CPO:&5A9#X-"B`@/&)O9'D^#0H@("`@
M/'1A8FQE(&-L87-S/3-$<F5P;W)T(&ED/3-$240P14TS04<^#0H@("`@("`\
M='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1L(&-O;'-P86X],T0Q(')O=W-P
M86X],T0Q/CQS=')O;F<^0V]N<V]L:61A=&5D($)A;&%N8V4@4VAE971S("A5
M4T0@)"D\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$
M=&@^1&5C+B`S,2P@,C`Q,3QB<CX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T:#Y$96,N(#,Q+"`R,#$P/&)R/CPO=&@^#0H@("`@("`\+W1R/@T*("`@
M("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A
M;&EG;CTS1'1O<#X\<W1R;VYG/D%34T544SPO<W1R;VYG/CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y#87-H(&%N9"!C87-H(&5Q=6EV86QE
M;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#(R+#4Q-2PW
M,3`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XD(#$V+#<X-RPU-3@\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^
M#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$
M<&P@=F%L:6=N/3-$=&]P/DEN=F5S=&UE;G1S/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XQ."PV,S4L-C`Q/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,C$L-CDX+#DP-3QS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^5')A9&4@86-C
M;W5N=',@<F5C96EV86)L92P@;&5S<R!A;&QO=V%N8V4@9F]R(&1O=6)T9G5L
M(&%C8V]U;G1S(&]F("0Q-S4L,#`P(&%N9"`D-3`P+#`P,"P@<F5S<&5C=&EV
M96QY/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ-"PT-C$L,38X
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,3<L-30T+#$S-CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V
M86QI9VX],T1T;W`^26YV96YT;W)I97,\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/C(U+#DX-BPP,#,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$;G5M<#XR-"PT.3@L.3,U/'-P86X^/"]S<&%N/CPO
M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@
M("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y0<F5P86ED(&EN8V]M
M92!T87AE<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,RPX.3,L
M,#`S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^,CDV+#4X-CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V
M86QI9VX],T1T;W`^3W1H97(@8W5R<F5N="!A<W-E=',\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/CDY.2PX-C,\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XY,#@L,3`R/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y$969E<G)E9"!I
M;F-O;64@=&%X97,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,L
M-#4U+#`T-SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1N=6UP/C0L-#8Y+#DT,3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T
M<CX-"B`@("`@(#QT<B!C;&%S<STS1')E=3X-"B`@("`@("`@/'1D(&-L87-S
M/3-$<&P@=F%L:6=N/3-$=&]P/E1/5$%,($-54E)%3E0@05-31513/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XX.2PY-#8L,SDU/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^.#8L,C`T+#$V
M,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C
M;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^4%)/4$525%DL(%!,04Y4($%.1"!%455)4$U%3E0L(&YE=#PO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,30L,#$Y+#`Q.3QS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$S+#(Q-"PP-C<\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/CQS=')O;F<^3U1(15(@05-31513.CPO<W1R;VYG/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#Y);G9E<W1M96YT<SPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^-"PX.#,L-3$P/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-"PU.#@L,C8W/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^
M#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y';V]D=VEL
M;#PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-2PY.3`L-3<Q/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-"PU
M-C`L,C$W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y&=6YD960@<&5N<VEO;B!A<W-E=',\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1N=6UP/CDP-2PU-3(\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@("`@/'1D(&-L87-S/3-$;G5M<#XS-#DL-3<U/'-P86X^/"]S<&%N/CPO
M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@
M("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y/=&AE<B!A<W-E=',\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/CDQ,RPX-CD\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ-3,L.3,X
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L
M87-S/3-$<F]U/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^5$]404P@3U1(15(@05-31513/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XQ,BPV.3,L-3`R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^.2PV-3$L.3DW/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F5U/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^5$]404P@05-31513/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,38L-C4X+#DQ-CQS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$P.2PP
M-S`L,C(W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#X\<W1R;VYG/DQ)04))3$E42453($%.1"!35$]#2TA/3$1%4E,G
M($5154E463PO<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y#=7)R96YT('!O<G1I;VX@;V8@;&]N9RUT97)M(&1E8G0\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0R-RPS-#4\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS.3DL,C`Y/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$
M<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y!8V-O
M=6YT<R!P87EA8FQE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XT
M+#,Y."PX-#@\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XU+#,X-2PU-3@\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO
M='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S
M/3-$<&P@=F%L:6=N/3-$=&]P/D%C8W)U960@8V]M<&5N<V%T:6]N(&%N9"!B
M96YE9FET<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-2PX-S`L
M,#`P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^,RPY-3$L-#`Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y!8V-R=65D(&-O;G-I9&5R871I;VX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C$L,#`R+#8R,SQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@
M("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^3W1H97(@86-C<G5E
M9"!L:6%B:6QI=&EE<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,BPS.#@L.#8W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^,2PV-CDL-S<V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#Y$:79I9&5N9',@<&%Y86)L93PO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PR.3DL.38S/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PR-C,L-#,T/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S
M/3-$<F5U/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M5$]404P@0U524D5.5"!,24%"24Q)5$E%4SPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^,34L,S@W+#8T-CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C$R+#8V.2PS-S@\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@
M("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS=')O;F<^3$].
M1R!415)-($Q)04))3$E42453.CPO<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'!L('9A;&EG;CTS1'1O<#Y,;VYG+71E<FT@8V]M<&5N<V%T:6]N('!L86YS
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR.#,L,#<U/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PW,S@L
M,3`U/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y5;F-E<G1A:6X@=&%X('!O<VET:6]N<SPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;7`^-#`U+#8W,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C8W."PS.34\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@
M("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D1E9F5R<F5D(&EN8V]M
M92!T87AE<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PT-S8L
M.38Y/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^-3@U+#,Q-SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V
M86QI9VX],T1T;W`^3&]N9R!T97)M(&1E8G0@+2!M;W)T9V%G92!P87EA8FQE
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#4W-"PY.3,\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR+#`P
M,BPS,SD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\
M='(@8VQA<W,],T1R974^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y43U1!3"!,3TY'+51%4DT@3$E!0DE,251)15,\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C,L-S0P+#<Q,#QS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C4L,#`T+#$U-CQS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS
M1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^0T]-
M34E4345.5%,@04Y$($-/3E1)3D=%3D-)15,@*$9O;W1N;W1E(#<I/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XF;F)S<#LF;F)S<#L\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XF;F)S<#LF
M;F)S<#L\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\
M='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N
M/3-$=&]P/CQS=')O;F<^4U1/0TM(3TQ$15)3)R!%455)5%D\+W-T<F]N9SX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@
M("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4')E9F5R<F5D('-T
M;V-K+"!P87(@=F%L=64@)#$N,#`@<&5R('-H87)E.R`S+#`P,"PP,#`@<VAA
M<F5S(&%U=&AO<FEZ960[(&YO;F4@:7-S=65D/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#XF;F)S<#LF;F)S<#L\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XF;F)S<#LF;F)S<#L\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D-O;6UO
M;B!S=&]C:RP@<&%R('9A;'5E("0N,#4@<&5R('-H87)E.R`S,"PP,#`L,#`P
M('-H87)E<R!A=71H;W)I>F5D.R`X+#0V-BPW-S0@86YD(#@L-#(R+#@Y,"!S
M:&%R97,@:7-S=65D(&%N9"!O=71S=&%N9&EN9RP@<F5S<&5C=&EV96QY/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XT,C,L,S,Y/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-#(Q+#$T-#QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M061D:71I;VYA;"!P86ED+6EN(&-A<&ET86P\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6UP/C,U+#4S,RPR-S,\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@("`@/'1D(&-L87-S/3-$;G5M<#XS-"PT.3$L,S<P/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y2971A:6YE9"!E
M87)N:6YG<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-C$L-#8V
M+#,T,CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C4V+#<V.2PX,38\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^
M#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$
M<&P@=F%L:6=N/3-$=&]P/D%C8W5M=6QA=&5D(&]T:&5R(&-O;7!R96AE;G-I
M=F4@:6YC;VUE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,#<L
M-C`V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;3XH,C@U+#8S-RD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@
M("`@("`\='(@8VQA<W,],T1R974^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y43U1!3"!35$]#2TA/3$1%4E,G($5154E463PO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^.3<L-3,P+#4V,#QS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/CDQ+#,Y-BPV
M.3,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@
M8VQA<W,],T1R;W4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y43U1!3"!,24%"24Q)5$E%4R!!3D0@4U1/0TM(3TQ$15)3)R!%455)
M5%D\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@,3$V+#8U."PY
M,38\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XD(#$P.2PP-S`L,C(W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM
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M:6DB#0H-"CQH=&UL/@T*("`\:&5A9#X-"B`@("`\345402!H='1P+65Q=6EV
M/3-$0V]N=&5N="U4>7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R<V5T
M/75T9BTX)SX\<V-R:7!T('1Y<&4],T1T97AT+VIA=F%S8W)I<'0@<W)C/3-$
M4VAO=RYJ<SXO*B!$;R!.;W0@4F5M;W9E(%1H:7,@0V]M;65N="`J+SPO<V-R
M:7!T/CPO:&5A9#X-"B`@/&)O9'D^#0H@("`@/'1A8FQE(&-L87-S/3-$<F5P
M;W)T(&ED/3-$240P151/04,^#0H@("`@("`\='(^#0H@("`@("`@(#QT:"!C
M;&%S<STS1'1L(&-O;'-P86X],T0Q(')O=W-P86X],T0Q/CQS=')O;F<^0V]N
M<V]L:61A=&5D($)A;&%N8V4@4VAE971S("A087)E;G1H971I8V%L*2`H55-$
M("0I/&)R/CPO<W1R;VYG/CPO=&@^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H
M/D1E8RX@,S$L(#(P,3$\8G(^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$
M=&@^1&5C+B`S,2P@,C`Q,#QB<CX\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^/'-T<F]N9SY#;VYS;VQI9&%T960@0F%L86YC92!3:&5E=',@
M6T%B<W1R86-T73PO<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y4<F%D92!A8V-O=6YT<R!R96-E:79A8FQE+"!A;&QO=V%N8V4@
M9F]R(&1O=6)T9G5L(&%C8V]U;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XD(#$W-2PP,#`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M<#XD(#4P-2PP,#`\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/E!R969E<G)E9"!S=&]C:RP@
M<&%R('9A;'5E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#$\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD
M(#$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@
M8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$
M=&]P/E!R969E<G)E9"!S=&]C:RP@<VAA<F5S(&%U=&AO<FEZ960\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,L,#`P+#`P,#QS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,L,#`P+#`P,#QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M4')E9F5R<F5D('-T;V-K+"!S:&%R97,@:7-S=65D/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M<#XP/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA
M<W,],T1P;"!V86QI9VX],T1T;W`^0V]M;6]N('-T;V-K+"!P87(@=F%L=64\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@,"XP-3QS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@,"XP-3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M0V]M;6]N('-T;V-K+"!S:&%R97,@875T:&]R:7IE9#PO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,S`L,#`P+#`P,#QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,P+#`P,"PP,#`\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D-O;6UO
M;B!S=&]C:RP@<VAA<F5S(&ES<W5E9#PO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^."PT-C8L-S<T/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^."PT,C(L.#DP/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y#;VUM;VX@<W1O8VLL('-H
M87)E<R!O=71S=&%N9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^."PT-C8L-S<T/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^."PT,C(L.#DP/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*
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M=7,M87-C:6DB#0H-"CQH=&UL/@T*("`\:&5A9#X-"B`@("`\345402!H='1P
M+65Q=6EV/3-$0V]N=&5N="U4>7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C
M:&%R<V5T/75T9BTX)SX\<V-R:7!T('1Y<&4],T1T97AT+VIA=F%S8W)I<'0@
M<W)C/3-$4VAO=RYJ<SXO*B!$;R!.;W0@4F5M;W9E(%1H:7,@0V]M;65N="`J
M+SPO<V-R:7!T/CPO:&5A9#X-"B`@/&)O9'D^#0H@("`@/'1A8FQE(&-L87-S
M/3-$<F5P;W)T(&ED/3-$240P14I404<^#0H@("`@("`\='(^#0H@("`@("`@
M(#QT:"!C;&%S<STS1'1L(&-O;'-P86X],T0Q(')O=W-P86X],T0R/CQS=')O
M;F<^0V]N<V]L:61A=&5D(%-T871E;65N=',@3V8@26YC;VUE($%N9"!#;VUP
M<F5H96YS:79E($EN8V]M92`H55-$("0I/&)R/CPO<W1R;VYG/CPO=&@^#0H@
M("`@("`@(#QT:"!C;&%S<STS1'1H(&-O;'-P86X],T0S/C$R($UO;G1H<R!%
M;F1E9#PO=&@^#0H@("`@("`\+W1R/@T*("`@("`@/'1R/@T*("`@("`@("`\
M=&@@8VQA<W,],T1T:#Y$96,N(#,Q+"`R,#$Q/&)R/CPO=&@^#0H@("`@("`@
M(#QT:"!C;&%S<STS1'1H/D1E8RX@,S$L(#(P,3`\8G(^/"]T:#X-"B`@("`@
M("`@/'1H(&-L87-S/3-$=&@^1&5C+B`S,2P@,C`P.3QB<CX\+W1H/@T*("`@
M("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@
M8VQA<W,],T1P;"!V86QI9VX],T1T;W`^/'-T<F]N9SY#;VYS;VQI9&%T960@
M4W1A=&5M96YT<R!/9B!);F-O;64@06YD($-O;7!R96AE;G-I=F4@26YC;VUE
M(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^4V%L97,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP
M/B0@,30S+#<W-2PP-3$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XD(#$R,"PP-S(L,S$P/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Q,#DL-SDR+#(P-SQS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS
M1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^/'-T
M<F]N9SY#;W-T<R!A;F0@97AP96YS97,Z/"]S=')O;F<^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L
M87-S/3-$<&P@=F%L:6=N/3-$=&]P/D-O<W0@;V8@<V%L97,\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C@T+#@W.2PY,C0\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XV."PX-S$L-C<X/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-C<L
M.30S+#4U-SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^4V5L;&EN9RP@9V5N97)A;"!A;F0@861M:6YI<W1R871I=F4@
M97AP96YS97,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0P+#$P
M."PR,C$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M<#XS-2PU.#8L,C0X/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;7`^,S$L-#,T+#`Y-SQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\
M=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^26UP86ER;65N="!L;W-S/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#(W,2PY.#8\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ.38L,#(P
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L
M87-S/3-$<F5U/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^5&]T86P@8V]S=',@86YD(&5X<&5N<V5S/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XQ,C8L,C8P+#$S,3QS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$P-"PT-3<L.3(V/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^.3DL-3<S+#8W
M-#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C
M;&%S<STS1')O=3X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$
M=&]P/D]P97)A=&EN9R!I;F-O;64\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1N=6UP/C$W+#4Q-"PY,C`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M<#XQ-2PV,30L,S@T/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,3`L,C$X+#4S,SQS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E
M/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^/'-T<F]N
M9SY/=&AE<B!I;F-O;64@86YD("AE>'!E;G-E<RDZ/"]S=')O;F<^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DEN=F5S=&UE;G0@86YD(&]T
M:&5R(&EN8V]M93PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,S$S
M+#4T-#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C(U,2PP,#(\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$;G5M<#XX,3`L,#,Y/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#XH3&]S<RDO9V%I;B!O;B!S86QE(&]F(&%S
M<V5T<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,C<L,#@Q*3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#DL
M,C,X*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C,Y+#DQ.3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V
M86QI9VX],T1T;W`^26YT97)E<W0@86YD(&]T:&5R(&5X<&5N<V4\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#$X,2PS.3,I/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,C(Q+#8Q,2D\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@R-CDL
M,34Q*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')E=3X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N
M/3-$=&]P/D]T:&5R(&EN8V]M92P@;F5T/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$;G5M<#XQ,#4L,#<P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,C`L,34S/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-3@P+#@P-SQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O=3X-"B`@
M("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DEN8V]M92!F<F]M
M(&]P97)A=&EO;G,@8F5F;W)E(&EN8V]M92!T87AE<SPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,3<L-C$Y+#DY,#QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$U+#8S-"PU,S<\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,"PW.3DL
M,S0P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y);F-O;64@=&%X(&5X<&5N<V4\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/C<L.#(R+#$R-#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C4L.3$Y+#$P-#QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0L-S4U+#8Y-3QS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O
M=3X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DYE="!I
M;F-O;64\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/CDL-SDW+#@V
M-CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP
M/CDL-S$U+#0S,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/C8L,#0S+#8T-3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA
M<W,],T1P;"!V86QI9VX],T1T;W`^/'-T<F]N9SY/=&AE<B!C;VUP<F5H96YS
M:79E(&EN8V]M92`H;&]S<RDZ/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^
M#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$
M<&P@=F%L:6=N/3-$=&]P/D%D9&ET:6]N86P@;6EN:6UU;2!P96YS:6]N(&QI
M86)I;&ET>2!A9&IU<W1M96YT<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH-3(U+#`P,"D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XT,RPY.3D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$;G5M<#XR.#4L,#`P/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y5;G)E86QI>F5D("AL;W-S
M97,I+V=A:6YS(&]N(&%V86EL86)L92UF;W(M<V%L92!S96-U<FET:65S/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@Q-BPV.3$I/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,3DL-S0T*3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,S
M+#@P,CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^1F]R96EG;B!C=7)R96YC>2!T<F%N<VQA=&EO;B!A9&IU<W1M96YT
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XY,S0L.3,T/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,3@R+#<W
M,"D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M/B@R,S<L,S@V*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`@(#QT<B!C;&%S<STS1')E=3X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@
M=F%L:6=N/3-$=&]P/E1O=&%L(&]T:&5R(&-O;7!R96AE;G-I=F4@:6YC;VUE
M("AL;W-S*3PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,SDS+#(T
M,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^
M*#$U."PU,34I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^.#$L-#$V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@("`@/'1R(&-L87-S/3-$<F]U/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1P;"!V86QI9VX],T1T;W`^0V]M<')E:&5N<VEV92!I;F-O;64\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@,3`L,3DQ+#$P.3QS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@.2PU-38L
M.3$X/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^)"`V+#$R-2PP-C$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^
M#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$
M<&P@=F%L:6=N/3-$=&]P/D)A<VEC(&YE="!I;F-O;64@<&5R('-H87)E.CPO
M=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Q+C$V/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Q+C$V/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`P
M+C<R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y$:6QU=&5D(&YE="!I;F-O;64@<&5R('-H87)E.CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Q+C$U/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Q+C$U/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`P+C<R/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$
M<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y796EG
M:'1E9"!!=F5R86=E($)A<VEC(%-H87)E<R!/=71S=&%N9&EN9SPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PT-#@L-C$R/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PS.#0L,C0R/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PS
M,SDL-38V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y796EG:'1E9"!!=F5R86=E($1I;'5T:79E(%-H87)E<R!/=71S
M=&%N9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PT.34L
M.#<S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^."PT,30L-38V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^."PS-3(L,#@T/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y$:79I9&5N9',@9&5C;&%R960@<&5R
M('-H87)E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#`N-CQS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/B0@
M,"XU.3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/B0@,"XU,CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`\+W1A8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X
M=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#
M;VYT96YT+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE
M,E\X-V%C7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H965T,#4N:'1M;`T*
M0V]N=&5N="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*
M0V]N=&5N="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*
M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O
M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M
M."<^/'-C<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N
M:G,^+RH@1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\
M+VAE860^#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I
M9#TS1$E$,$4T-41)/@T*("`@("`@/'1R/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T;"!C;VQS<&%N/3-$,2!R;W=S<&%N/3-$,3X\<W1R;VYG/D-O;G-O;&ED
M871E9"!3=&%T96UE;G1S($]F($-H86YG97,@26X@4W1O8VMH;VQD97)S)R!%
M<75I='D@*%531"`D*3QB<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@
M8VQA<W,],T1T:#Y#;VUM;VX@4W1O8VL@6TUE;6)E<ET\8G(^/"]T:#X-"B`@
M("`@("`@/'1H(&-L87-S/3-$=&@^061D:71I;VYA;"!086ED+4EN($-A<&ET
M86P@6TUE;6)E<ET\8G(^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^
M4F5T86EN960@16%R;FEN9W,@6TUE;6)E<ET\8G(^/"]T:#X-"B`@("`@("`@
M/'1H(&-L87-S/3-$=&@^0W5M=6QA=&EV92!/=&AE<B!#;VUP<F5H96YS:79E
M($EN8V]M92`H3&]S<RD@6TUE;6)E<ET\8G(^/"]T:#X-"B`@("`@("`@/'1H
M(&-L87-S/3-$=&@^5&]T86P\8G(^/"]T:#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R8SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/D)A;&%N8V4@870@1&5C+B`S,2P@,C`P.#PO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;7`^)"`T,30L,3$W/'-P86X^/"]S<&%N/CPO
M=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`S,RPP,3DL,34T/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`U
M,"PU,#,L-#$P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;3XD("@R,#@L-3,X*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/B0@.#,L-S(X+#$T,SQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')C/@T*("`@
M("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^0F%L86YC92P@<VAA
M<F5S(&%T($1E8RX@,S$L(#(P,#@\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1N=6UP/C@L,C@R+#,T.3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T
M<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1P;"!V86QI9VX],T1T;W`^3F5T(&EN8V]M93PO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;7`^-BPP-#,L-C0U/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-BPP-#,L-C0U/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y)<W-U86YC92!O
M9B!C;VUM;VX@<W1O8VL@=6YD97(@16UP;&]Y964@4W1O8VL@4'5R8VAA<V4@
M4&QA;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-C$V/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,3`Q+#0U
M,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP
M/C$P,BPP-C8\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/DES<W5A;F-E(&]F(&-O;6UO;B!S=&]C:R!U;F1E<B!%;7!L
M;WEE92!3=&]C:R!0=7)C:&%S92!0;&%N+"!S:&%R97,\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C$R+#,R-SQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\
M=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^27-S=6%N8V4@;V8@8V]M;6]N
M('-T;V-K('1O($5M<&QO>65E(%-T;V-K($]W;F5R<VAI<"!0;&%N/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR+#@T-SQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0T,2PR,S$\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XT-#0L,#<X
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L
M87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O
M<#Y)<W-U86YC92!O9B!C;VUM;VX@<W1O8VL@=&\@16UP;&]Y964@4W1O8VL@
M3W=N97)S:&EP(%!L86XL('-H87)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^-38L.3,S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'!L('9A;&EG;CTS1'1O<#Y)<W-U86YC92!O9B!C;VUM;VX@<W1O8VL@=6YD
M97(@16UP;&]Y964@4W1O8VL@3W!T:6]N(%!L86X\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1N=6UP/C,R,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C8X+#(T,#QS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C8X+#4V,#QS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@
M("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^27-S=6%N8V4@;V8@
M8V]M;6]N('-T;V-K('5N9&5R($5M<&QO>65E(%-T;V-K($]P=&EO;B!0;&%N
M("P@<VAA<F5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XV+#0P
M,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C
M;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^5&%X(&)E;F5F:70@9G)O;2!N;VXM<75A;&EF:65D('-T;V-K(&]P=&EO
M;G,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0V-SQS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0V-SQS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS
M1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4VAA
M<F4@8F%S960@8V]M<&5N<V%T:6]N/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XS,2PU-S$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XS,2PU-S$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L
M87-S/3-$<&P@=F%L:6=N/3-$=&]P/E!U<F-H87-E(&]F(&-O;6UO;B!S=&]C
M:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,C4V*3QS<&%N/CPO
M<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#(P+#8P,RD\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@S
M,BPR-3@I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH-3,L,3$W*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-
M"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P
M;"!V86QI9VX],T1T;W`^4'5R8VAA<V4@;V8@8V]M;6]N('-T;V-K("P@<VAA
M<F5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@U+#$R-BD\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,]
M,T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/E-H
M87)E:&]L9&5R(&1I=FED96YD<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH-"PU,#<L-3,V*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1N=6T^*#0L-3`W+#4S-BD\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D]T:&5R(&-O;7!R96AE;G-I
M=F4@:6YC;VUE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XX,2PT
M,38\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XX,2PT,38\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R8SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/D)A;&%N8V4@870@1&5C+B`S,2P@,C`P.3PO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;7`^-#$W+#8T-#QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C,S+#8T,2PU,3`\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU,BPP,#<L
M,C8Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;3XH,3(W+#$R,BD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$;G5M<#XX-2PY,SDL,CDS/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F,^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y"86QA;F-E+"!S:&%R97,@870@1&5C
M+B`S,2P@,C`P.3PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PS
M-3(L.#@S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y.970@:6YC;VUE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M<#XY+#<Q-2PT,S,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XY+#<Q-2PT,S,\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D
M(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DES<W5A;F-E(&]F(&-O;6UO;B!S
M=&]C:R!U;F1E<B!%;7!L;WEE92!3=&]C:R!0=7)C:&%S92!0;&%N/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU-34\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,C0L-3<Y/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,3(U+#$S-#QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M27-S=6%N8V4@;V8@8V]M;6]N('-T;V-K('5N9&5R($5M<&QO>65E(%-T;V-K
M(%!U<F-H87-E(%!L86XL('-H87)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^,3$L,3`W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'!L('9A;&EG;CTS1'1O<#Y)<W-U86YC92!O9B!C;VUM;VX@<W1O8VL@=&\@
M16UP;&]Y964@4W1O8VL@3W=N97)S:&EP(%!L86X\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1N=6UP/C$L.#DU/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;7`^-#8Y+#4X,3QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0W,2PT-S8\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-
M"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DES<W5A;F-E
M(&]F(&-O;6UO;B!S=&]C:R!T;R!%;7!L;WEE92!3=&]C:R!/=VYE<G-H:7`@
M4&QA;BP@<VAA<F5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS
M-RPY,#`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\
M='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N
M/3-$=&]P/DES<W5A;F-E(&]F(&-O;6UO;B!S=&]C:R!U;F1E<B!.;VXM16UP
M;&]Y964@4W1O8VL@3W!T:6]N(%!L86X\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/C$L,#4P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;7`^,3@Q+#8R-CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C$X,BPV-S8\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@
M("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DES<W5A;F-E(&]F(&-O
M;6UO;B!S=&]C:R!U;F1E<B!.;VXM16UP;&]Y964@4W1O8VL@3W!T:6]N(%!L
M86XL('-H87)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,C$L
M,#`P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y487@@8F5N969I="!F<F]M(&YO;BUQ=6%L:69I960@<W1O8VL@;W!T
M:6]N<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,S0L.3@Q/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,S0L
M.3@Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS
M1'1O<#Y3:&%R92!B87-E9"!C;VUP96YS871I;VX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\
M=&0@8VQA<W,],T1N=6UP/C,Y+#`Y,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C,Y+#`Y,SQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4VAA<F5H;VQD97(@9&EV
M:61E;F1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@T+#DU,BPX
M-S@I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E
M>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;3XH-"PY-3(L.#<X*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-
M"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P
M;"!V86QI9VX],T1T;W`^3W1H97(@8V]M<')E:&5N<VEV92!I;F-O;64\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#$U."PU,34I/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,34X+#4Q-2D\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R8SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/D)A;&%N8V4@870@1&5C+B`S,2P@,C`Q,#PO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^-#(Q+#$T-#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C,T+#0Y,2PS-S`\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU-BPW-CDL.#$V/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,C@U+#8S
M-RD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XY,2PS.38L-CDS/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R(&-L87-S/3-$<F,^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y"86QA;F-E+"!S:&%R97,@870@1&5C+B`S,2P@,C`Q
M,#PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^."PT,C(L.#DP/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S
M/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y.
M970@:6YC;VUE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XY+#<Y
M-RPX-C8\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M<#XY+#<Y-RPX-C8\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^
M#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$
M<&P@=F%L:6=N/3-$=&]P/DES<W5A;F-E(&]F(&-O;6UO;B!S=&]C:R!U;F1E
M<B!%;7!L;WEE92!3=&]C:R!0=7)C:&%S92!0;&%N/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M<#XU,34\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$;G5M<#XQ-3$L-S8Q/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,34R+#(W-CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^27-S=6%N8V4@
M;V8@8V]M;6]N('-T;V-K('5N9&5R($5M<&QO>65E(%-T;V-K(%!U<F-H87-E
M(%!L86XL('-H87)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,3`L,S`X/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@
M/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG
M;CTS1'1O<#Y)<W-U86YC92!O9B!C;VUM;VX@<W1O8VL@=&\@16UP;&]Y964@
M4W1O8VL@3W=N97)S:&EP(%!L86X\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1N=6UP/C$L,3(U/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^,S$T+#DP,CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C,Q-BPP,C<\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DES<W5A;F-E(&]F(&-O;6UO
M;B!S=&]C:R!T;R!%;7!L;WEE92!3=&]C:R!/=VYE<G-H:7`@4&QA;BP@<VAA
M<F5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,BPT.3,\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,]
M,T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DES
M<W5A;F-E(&]F(&-O;6UO;B!S=&]C:R!U;F1E<B!.;VXM16UP;&]Y964@4W1O
M8VL@3W!T:6]N(%!L86X\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP
M/C0U,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C<R+#0U,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/C<R+#DP,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T
M<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1P;"!V86QI9VX],T1T;W`^27-S=6%N8V4@;V8@8V]M;6]N('-T;V-K('5N
M9&5R($YO;BU%;7!L;WEE92!3=&]C:R!/<'1I;VX@4&QA;BP@<VAA<F5S/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XY+#`P,#QS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^27-S=6%N8V4@
M;V8@8V]M;6]N('-T;V-K('5N9&5R($5X96-U=&EV92!3=&]C:R!0;&%N/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,#4\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS,2PY-S0\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS,BPP-SD\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/DES<W5A;F-E(&]F(&-O;6UO;B!S=&]C:R!U;F1E<B!%>&5C=71I=F4@4W1O
M8VL@4&QA;B`L('-H87)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^,BPP.#,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/E1A>"!B96YE9FET(&9R;VT@;F]N+7%U86QI9FEE9"!S=&]C
M:R!O<'1I;VYS/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,2PY
M,C`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X
M=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X
M=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XR,2PY,C`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/E-H87)E(&)A<V5D(&-O;7!E;G-A=&EO;CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;7`^-#0X+#@Y-CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0T."PX.38\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-
M"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/E-H87)E:&]L
M9&5R(&1I=FED96YD<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH
M-2PQ,#$L,S0P*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6T^*#4L,3`Q+#,T,"D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L
M87-S/3-$<&P@=F%L:6=N/3-$=&]P/D]T:&5R(&-O;7!R96AE;G-I=F4@:6YC
M;VUE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS.3,L,C0S/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,SDS
M+#(T,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')C/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^0F%L86YC92!A="!$96,N(#,Q+"`R,#$Q/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M<#XD(#0R,RPS,SD\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#,U+#4S,RPR-S,\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#8Q+#0V
M-BPS-#(\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M<#XD(#$P-RPV,#8\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XD(#DW+#4S,"PU-C`\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R8SX-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D)A;&%N8V4L('-H87)E<R!A
M="!$96,N(#,Q+"`R,#$Q/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M<#XX+#0V-BPW-S0\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@
M("`@/"]T86)L93X-"B`@/"]B;V1Y/@T*/"]H=&UL/@T*#0HM+2TM+2T]7TYE
M>'1087)T7S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9@T*
M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\P-V4U965A,%\R,C8X7S0Y
M93)?.#=A8U]B9F-A.#@Y9#1A868O5V]R:W-H965T<R]3:&5E=#`V+FAT;6P-
M"D-O;G1E;G0M5')A;G-F97(M16YC;V1I;F<Z('%U;W1E9"UP<FEN=&%B;&4-
M"D-O;G1E;G0M5'EP93H@=&5X="]H=&UL.R!C:&%R<V5T/2)U<RUA<V-I:2(-
M"@T*/&AT;6P^#0H@(#QH96%D/@T*("`@(#Q-151!(&AT='`M97%U:78],T1#
M;VYT96YT+51Y<&4@8V]N=&5N=#TS1"=T97AT+VAT;6P[(&-H87)S970]=71F
M+3@G/CQS8W)I<'0@='EP93TS1'1E>'0O:F%V87-C<FEP="!S<F,],T13:&]W
M+FIS/B\J($1O($YO="!296UO=F4@5&AI<R!#;VUM96YT("HO/"]S8W)I<'0^
M/"]H96%D/@T*("`\8F]D>3X-"B`@("`\=&%B;&4@8VQA<W,],T1R97!O<G0@
M:60],T1)1#!%2EI"1SX-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S
M/3-$=&P@8V]L<W!A;CTS1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY#;VYS;VQI
M9&%T960@4W1A=&5M96YT<R!/9B!#87-H($9L;W=S("A54T0@)"D\8G(^/"]S
M=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L<W!A;CTS
M1#,^,3(@36]N=&AS($5N9&5D/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\
M='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H/D1E8RX@,S$L(#(P,3$\8G(^
M/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^1&5C+B`S,2P@,C`Q,#QB
M<CX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,],T1T:#Y$96,N(#,Q+"`R,#`Y
M/&)R/CPO=&@^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^
M#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\<W1R;VYG
M/D-!4T@@1DQ/5U,@1E)/32!/4$52051)3D<@04-4259)5$E%4SH\+W-T<F]N
M9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^3F5T(&EN8V]M
M93PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^)"`Y+#<Y-RPX-C8\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD
M(#DL-S$U+#0S,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1N=6UP/B0@-BPP-#,L-C0U/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\<W1R;VYG/D%D:G5S=&UE;G1S('1O
M(')E8V]N8VEL92!N970@:6YC;VUE('1O(&YE="!C87-H('!R;W9I9&5D(&)Y
M(&]P97)A=&EN9R!A8W1I=FET:65S.CPO<W1R;VYG/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#Y$97!R96-I871I;VX@86YD(&%M;W)T:7IA
M=&EO;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,BPQ,#`L-S,U
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,2PX-3@L.#@Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^,2PV.3@L,S(Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#Y3:&%R92!B87-E9"!C;VUP96YS871I;VX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0T."PX.38\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS.2PP.3,\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS
M,2PU-S$\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\
M='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N
M/3-$=&]P/D1E9F5R<F5D('1A>&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XQ+#8Y-2PU.34\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M/B@U,3@L,C,T*3QS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C8T,2PU-S0\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@
M("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DEM<&%I<FUE;G0@
M;&]S<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PR-S$L.3@V
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,3DV+#`R,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^3&]S<R\H9V%I;BD@;VX@<V%L92!O9B!A<W-E=',\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C(W+#`X,3QS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/CDL,C,X/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,SDL.3$Y*3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S
M<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^
M17AC97-S('1A>"!B96YE9FET(&9R;VT@<VAA<F4@8F%S960@<&%Y;65N=',\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#(Q+#DR,"D\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@S-"PY.#$I
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH
M-#8W*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^/'-T<F]N9SY#:&%N9V5S(&EN(&%S<V5T<R!A;F0@;&EA8FEL:71I
M97,@;F5T(&]F(&5F9F5C=',@9G)O;2!A8W%U:7-I=&EO;G,Z/"]S=')O;F<^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@
M("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/E1R861E(')E8V5I
M=F%B;&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS+#(W,RPW
M,S`\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M/B@R+#4R,2PP,3(I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^,BPR.#<L,C,W/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C
M;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y);G9E;G1O<FEE<SPO=&0^#0H@("`@
M("`@(#QT9"!C;&%S<STS1&YU;3XH-C`R+#0Q-"D\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XV.2PV.3,\<W!A;CX\+W-P
M86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XT+#DP."PW-C`\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/E!R97!A:60@:6YC;VUE('1A>&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M/B@S+#8P,"PV-3(I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^-#`L-C@X/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;3XH,S,W+#(W-"D\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@
M("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D]T:&5R(&%S<V5T
M<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH-S@L,S0Y*3QS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#4R+#DQ
M,RD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M
M/B@Q,"PQ,38I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@
M("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A
M;&EG;CTS1'1O<#Y!8V-O=6YT<R!P87EA8FQE/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M/B@Q+#`R-2PW,#,I/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-#`W+#<U-SQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C@R-RPU-C(\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D%C8W)U
M960@8V]M<&5N<V%T:6]N(&%N9"!B96YE9FET<SPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;7`^-S4Q+#DR-3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C0Q-RPX-S,\<W!A;CX\+W-P86X^/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#<Y,2PS.34\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D]T:&5R
M(&%C8W)U960@97AP96YS97,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C,Y-2PQ,S,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$;G5M<#XS,#$L,S<V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;3XH,C8S+#,V.2D\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/DEN8V]M92!T87AE<R!P87EA
M8FQE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@S,S4L,S<T*3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#$P
M+#$U."D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M/B@R,2PQ,3(I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y/=&AE<CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH,S(L,#(R*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6UP/C,L,#DR/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;3XH,3$V+#<P-RD\<W!A;CX\+W-P86X^/"]T9#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;W4^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y.970@8V%S:"!P<F]V:61E
M9"!B>2!O<&5R871I;F<@86-T:79I=&EE<SPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^,30L,#8V+#4Q,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/CDL-S(U+#@R-CQS<&%N/CPO<W!A;CX\
M+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$W+#8S-RPQ,C$\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,]
M,T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS
M=')O;F<^0T%32"!&3$]74R!&4D]-($E.5D535$E.1R!!0U1)5DE42453.CPO
M<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$
M<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y#87!I
M=&%L(&5X<&5N9&ET=7)E<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;3XH,BPW-34L.3DQ*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6T^*#$L-SDT+#0R,BD\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@("`@/'1D(&-L87-S/3-$;G5M/B@S+#(S-RPU-3@I/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@
M("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y0=7)C:&%S97,@
M;V8@:6YV97-T;65N=',\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^
M*#(P+#@X-"PP,30I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;3XH,C`L,S,Y+#<Q-2D\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@("`@/'1D(&-L87-S/3-$;G5M/B@S-"PX-#$L,#0R*3QS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^06-Q=6ES:71I
M;VX@;V8@8G5S:6YE<W,\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^
M*#,L,3,X+#,V-RD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@
M("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@
M=F%L:6=N/3-$=&]P/E!R;V-E961S(&9R;VT@=&AE('-A;&4@;V8@9FEX960@
M87-S971S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,BPU-34\
M<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR
M-RPW.#,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M<#XQ,#8L-C<R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L
M('9A;&EG;CTS1'1O<#Y0<F]C965D<R!F<F]M('1H92!S86QE(&]F(&EN=F5S
M=&UE;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,RPV,S4L
M,S@U/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU
M;7`^,3(L.#`X+#8T,CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6UP/C$V+#`Y.2PP,#`\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R974^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y.970@8V%S:"!U<V5D(&EN(&EN
M=F5S=&EN9R!A8W1I=FET:65S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M/B@S+#$R,"PT,S(I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT
M9"!C;&%S<STS1&YU;3XH.2PR.3<L-S$R*3QS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#(Q+#@W,BPY,C@I/'-P86X^/"]S
M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^
M#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\<W1R;VYG
M/D-!4T@@1DQ/5U,@1E)/32!&24Y!3D-)3D<@04-4259)5$E%4SH\+W-T<F]N
M9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^0V%S:"!D:79I
M9&5N9',@<&%I9#PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH-2PP
M-C0L.#$Q*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1N=6T^*#0L.#4X+#0X-"D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@
M/'1D(&-L87-S/3-$;G5M/B@T+#,S,BPV-C8I/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@
M(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y-;W)T9V%G92!P<FEN8VEP
M86P@<&%Y;65N=',\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#,Y
M.2PR,#DI/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH,S<R+#DR-BD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M/B@S-#@L,S<S*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@
M8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4')O8V5E9',@9G)O;2!I<W-U86YC
M92!O9B!C;VUM;VX@<W1O8VL\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N
M=6UP/C(U-RPR-34\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L
M87-S/3-$;G5M<#XS,#<L.#$P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,3<P+#8R-CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\
M=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^17AC97-S('1A>"!B96YE9FET
M(&9R;VT@<W1O8VL@8F%S960@<&%Y;65N=',\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6UP/C(Q+#DR,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1N=6UP/C,T+#DX,3QS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C0V-SQS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4'5R8VAA<V4@;V8@8V]M
M;6]N('-T;V-K/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@U,RPQ
M,3<I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R
M(&-L87-S/3-$<F]U/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^3F5T(&-A<V@@=7-E9"!I;B!F:6YA;F-I;F<@86-T:79I=&EE<SPO
M=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH-2PQ.#0L.#0U*3QS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#0L.#@X
M+#8Q.2D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$
M;G5M/B@T+#4V,RPP-C,I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R
M/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS
M1'!L('9A;&EG;CTS1'1O<#Y%1D9%0U0@3T8@1D]214E'3B!%6$-(04Y'12!2
M051%($-(04Y'15,@3TX@0T%32#PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;3XH,S,L,#@T*3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6T^*#0U+#,X-2D\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$;G5M<#XQ-#`L-S4W/'-P86X^/"]S<&%N/CPO=&0^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F]U/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^3D54($E.0U)%05-%("A$
M14-214%312D@24X@0T%32"!!3D0@0T%32"!%455)5D%,14Y44SPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-2PW,C@L,34R/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;3XH-"PU,#4L.#DP*3QS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6T^*#@L
M-C4X+#$Q,RD\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/D-!4T@@04Y$($-!4T@@15%5259!3$5.5%,@050@0D5'24Y.
M24Y'($]&(%E%05(\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1N=6UP/C$V
M+#<X-RPU-3@\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$;G5M<#XR,2PR.3,L-#0X/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@
M(#QT9"!C;&%S<STS1&YU;7`^,CDL.34Q+#4V,3QS<&%N/CPO<W!A;CX\+W1D
M/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@
M("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^0T%32"!!3D0@0T%32"!%
M455)5D%,14Y44R!!5"!%3D0@3T8@645!4CPO=&0^#0H@("`@("`@(#QT9"!C
M;&%S<STS1&YU;7`^,C(L-3$U+#<Q,#QS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1N=6UP/C$V+#<X-RPU-3@\<W!A;CX\+W-P86X^
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,2PR.3,L-#0X/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S
M/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\
M<W1R;VYG/E-54%!,14U%3E1!3"!$25-#3$]355)%4R!/1B!#05-(($9,3U<@
M24Y&3U)-051)3TXZ/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L
M:6=N/3-$=&]P/DEN8V]M92!T87AE<R!P86ED/"]T9#X-"B`@("`@("`@/'1D
M(&-L87-S/3-$;G5M<#XQ,"PP,S<L.3,X/'-P86X^/"]S<&%N/CPO=&0^#0H@
M("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-BPS,34L.#(W/'-P86X^/"]S<&%N
M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^-"PT-S(L-3`W/'-P
M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S
M/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y)
M;G1E<F5S="!P86ED/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ
M-C4L-3$T/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS
M1&YU;7`^,C`Q+#$Y,3QS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1N=6UP/C(R-2PX.#,\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L
M87-S/3-$<&P@=F%L:6=N/3-$=&]P/D1I=FED96YD<R!D96-L87)E9"!N;W0@
M<&%I9#PO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^,2PR-S`L,#$V
M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1&YU;7`^
M,2PR-C,L-#,T/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1&YU;7`^,2PQ-CDL,#0P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\
M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'!L('9A;&EG;CTS1'1O<#Y!8W%U:7-I=&EO;B!C;W-T<R!I;B!A8V-R
M=65D(&5X<&5N<V5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD
M(#$L,#`R+#8R,SQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@("`\=&0@8VQA
M<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@
M("`\+W1A8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X
M=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#
M;VYT96YT+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE
M,E\X-V%C7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H965T,#<N:'1M;`T*
M0V]N=&5N="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*
M0V]N=&5N="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*
M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O
M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M
M."<^/'-C<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N
M:G,^+RH@1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\
M+VAE860^#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I
M9#TS1$E$,$5-13X-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$
M=&P@8V]L<W!A;CTS1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY3=6UM87)Y($]F
M(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,\8G(^/"]S=')O;F<^
M/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L<W!A;CTS1#$^,3(@
M36]N=&AS($5N9&5D/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(^#0H@
M("`@("`@(#QT:"!C;&%S<STS1'1H/D1E8RX@,S$L(#(P,3$\8G(^/"]T:#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS=')O;F<^4W5M;6%R>2!/
M9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S(%M!8G-T<F%C=%T\
M+W-T<F]N9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N
M/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS
M1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4W5M
M;6%R>2!/9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S/"]T9#X-
M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CX\=3X\8CY.3U1%(#$@+2!354U-05)9($]&(%-)
M1TY)1DE#04Y4($%#0T]53E1)3D<@4$],24-)15,\+V(^/"]U/CPO9F]N=#X\
M+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQB/D1E<V-R
M:7!T:6]N(&]F(&)U<VEN97-S.B`\+V(^0V]M;75N:6-A=&EO;G,@4WES=&5M
M<RP@26YC+B`H:&5R96EN(&-O;&QE8W1I=F5L>2!C86QL960@(D-322PB(")O
M=7(B(&]R('1H92`B0V]M<&%N>2(I(&ES(&$@36EN;F5S;W1A(&-O<G!O<F%T
M:6]N(&]R9V%N:7IE9"!I;B`Q.38Y('1H870@;W!E<F%T97,@9&ER96-T;'D@
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M9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E1H
M92!#;VUP86YY(&-L87-S:69I97,@:71S(&)U<VEN97-S97,@:6YT;R!F;W5R
M('-E9VUE;G1S.B`\:3Y3=71T;&4\+VD^+"!W:&EC:"!M86YU9F%C='5R97,@
M52Y3+B!S=&%N9&%R9"!M;V1U;&%R(&-O;FYE8W1I;F<@86YD('=I<FEN9R!D
M979I8V5S(&9O<B!V;VEC92!A;F0@9&%T82!C;VUM=6YI8V%T:6]N<SL@/&D^
M5')A;G-I=&EO;B!.971W;W)K<RP\+VD^('=H:6-H(&1E<VEG;G,@86YD(&UA
M<FME=',@;65D:6$@8V]N=F5R<VEO;B!P<F]D=6-T<RP@971H97)N970@<W=I
M=&-H97,L(&%N9"!O=&AE<B!C;VYN96-T:79I='D@86YD(&1A=&$@=')A;G-M
M:7-S:6]N('!R;V1U8W1S.R`\:3Y!=7-T:6X@5&%Y;&]R+"`\+VD^=VAI8V@@
M;6%N=69A8W1U<F5S($)R:71I<V@@<W1A;F1A<F0@;&EN92!J86-K<RP@<&%T
M8V@@<&%N96QS+"!M971A;"!B;WAE<RP@9&ES=')I8G5T:6]N(&%N9"!C96YT
M<F%L(&]F9FEC92!F<F%M97,[(&%N9"`\:3Y*1$P@5&5C:&YO;&]G:65S+"`H
M2D1,/"]I/BDL('=H:6-H('!R;W9I9&5S($E4('-E<G9I8V5S.R!N;VXM86QL
M;V-A=&5D(&=E;F5R86P@86YD(&%D;6EN:7-T<F%T:79E(&5X<&5N<V5S(&%R
M92!S97!A<F%T96QY(&%C8V]U;G1E9"!F;W(@87,@(D]T:&5R(B!I;B!T:&4@
M0V]M<&%N>2=S('-E9VUE;G0@<F5P;W)T:6YG+B!4:&5R92!A<F4@;F\@;6%T
M97)I86P@:6YT97)S96=M96YT(')E=F5N=65S+B`\+V9O;G0^/"]P/@T*#0H\
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M:6UI;F%T960N(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
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M9FEX960@87-S971S+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS
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M97%U:79A;&5N=',N($%S(&]F($1E8V5M8F5R(#,Q+"`R,#$Q+"!T:&4@0V]M
M<&%N>2!H860@)#(R+C4@;6EL;&EO;B!I;B!C87-H(&%N9"!C87-H(&5Q=6EV
M86QE;G1S+B!/9B!T:&ES(&%M;W5N="P@)#`N."!M:6QL:6]N('=A<R!I;G9E
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M<')E<V5R=F4@=&AE('9A;'5E(&]F('1H92!I;G9E<W1M96YT(&%T("0Q+C`P
M('!E<B!S:&%R93L@:&]W979E<BP@:70@:7,@<&]S<VEB;&4@=&\@;&]S92!M
M;VYE>2!I;G9E<W1I;F<@:6X@=&AE<V4@9G5N9',N(%1H92!R96UA:6YD97(@
M:7,@;W!E<F%T:6YG(&-A<V@@86YD(&-E<G1I9FEC871E<R!O9B!D97!O<VET
M('=H:6-H(&%R92!F=6QL>2!I;G-U<F5D('1H<F]U9V@@=&AE($9$24,N(#PO
M9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQB
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M=6UU;&%T960@0V]M<')E:&5N<VEV92!I;F-O;64@8F5L;W<I+B`\+V9O;G0^
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M/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
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M(&5X<&5N<V5S(&9O<B!C;VYT:6YU:6YG(&]P97)A=&EO;G,@=V%S("0R+#`U
M."PP,#`L("0Q+#@U.2PP,#`@86YD("0Q+#8Y."PP,#`@9F]R(#(P,3$L(#(P
M,3`@86YD(#(P,#DL(')E<W!E8W1I=F5L>2X@36%I;G1E;F%N8V4@86YD(')E
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M;VX@9&ES<&]S86P@87)E(')E9FQE8W1E9"!I;B!O<&5R871I;VYS+B`\+V9O
M;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\8CY'
M;V]D=VEL;"!A;F0@3W1H97(@26YT86YG:6)L92!!<W-E=',Z/"]B/B!';V]D
M=VEL;"!R97!R97-E;G1S('1H92!A;6]U;G0@8GD@=VAI8V@@=&AE('!U<F-H
M87-E('!R:6-E<R`H:6YC;'5D:6YG(&QI86)I;&ET:65S(&%S<W5M960I(&]F
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M>2!N;W0@8F4@<F5C;W9E<F%B;&4N(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/CQB/E)E8V]V97)A8FEL:71Y(&]F(&QO
M;F<M;&EV960@87-S971S.B`\+V(^5&AE($-O;7!A;GD@<F5V:65W<R!I=',@
M;&]N9RUL:79E9"!A<W-E=',@<&5R:6]D:6-A;&QY('1O(&1E=&5R;6EN92!P
M;W1E;G1I86P@:6UP86ER;65N="!B>2!C;VUP87)I;F<@=&AE(&-A<G)Y:6YG
M('9A;'5E(&]F('1H92!A<W-E=',@=VET:"!E>'!E8W1E9"!N970@8V%S:"!F
M;&]W<R!E>'!E8W1E9"!T;R!B92!P<F]V:61E9"!B>2!O<&5R871I;F<@86-T
M:79I=&EE<R!O9B!T:&4@8G5S:6YE<W,@;W(@<F5L871E9"!P<F]D=6-T<RX@
M268@=&AE('-U;2!O9B!T:&4@97AP96-T960@9G5T=7)E(&YE="!C87-H(&9L
M;W=S(&ES(&QE<W,@=&AA;B!T:&4@8V%R<GEI;F<@=F%L=64L(&%N(&EM<&%I
M<FUE;G0@;&]S<R!W;W5L9"!B92!M96%S=7)E9"!B>2!C;VUP87)I;F<@=&AE
M(&%M;W5N="!B>2!W:&EC:"!T:&4@8V%R<GEI;F<@=F%L=64@97AC965D<R!T
M:&4@9F%I<B!V86QU92!O9B!T:&4@87-S970N(#PO9F]N=#X\+W`^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQB/E=A<G)A;G1Y.B`\+V(^
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M9&5Q=6%C>2X@/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^5&AE(&9O;&QO=VEN9R!T86)L92!P<F5S96YT<R!T:&4@8VAA
M;F=E<R!I;B!T:&4@0V]M<&%N>2=S('=A<G)A;G1Y(&QI86)I;&ET>2!F;W(@
M=&AE('EE87)S(&5N9&5D($1E8V5M8F5R(#,Q+"`R,#$Q(&%N9"`R,#$P+"!W
M:&EC:"!R96QA=&4@=&\@;F]R;6%L('!R;V1U8W0@=V%R<F%N=&EE<R!A;F0@
M82!F:79E+7EE87(@;V)L:6=A=&EO;B!T;R!P<F]V:61E(&9O<B!P;W1E;G1I
M86P@9G5T=7)E(&QI86)I;&ET:65S(&9O<B!C97)T86EN(&YE='=O<FL@97%U
M:7!M96YT('-A;&5S.B`\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R9&5R/3-$
M,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$.3`E
M(&%L:6=N/3-$8V5N=&5R/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@,7!X
M.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#<R)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Y)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I
M9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M(&-O;'-P86X],T0U/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,3X\8CY996%R($5N9&5D($1E8V5M8F5R(#,Q
M/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@8V]L<W!A;CTS1#4^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q
M('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT
M97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C
M96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O
M;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,3X\8CXR,#$P/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N
M=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/D)E9VEN;FEN9R!B86QA;F-E/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXV,38L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXV-#@L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z
M(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D%M;W5N=',@
M8VAA<F=E9"!T;R!E>'!E;G-E/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,C4X+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C$V,BPP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^06-T=6%L('=A
M<G)A;G1Y(&-O<W1S('!A:60\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXH,C0P+#`P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^*#$Y-"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X
M="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^16YD:6YG(&)A;&%N8V4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8S-"PP
M,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8Q-BPP,#`\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE
M/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T
M.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E
M(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX\+W1A8FQE/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\8CY!8V-U;75L871E9"!#
M;VUP<F5H96YS:79E(&EN8V]M93H@/"]B/E1H92!C;VUP;VYE;G1S(&]F(&%C
M8W5M=6QA=&5D(&]T:&5R(&-O;7!R96AE;G-I=F4@:6YC;VUE(&%R92!A<R!F
M;VQL;W=S.B`\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R9&5R/3-$,"!C96QL
M<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$.3`E(&%L:6=N
M/3-$8V5N=&5R/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#<R)3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS
M1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0Y)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$
M,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O
M;'-P86X],T0U/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,3X\8CY$96-E;6)E<B`S,3PO8CX\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0U/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR,#$Q/"]B/CPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS
M<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#$^/&(^,C`Q,#PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I
M;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&
M;W)E:6=N(&-U<G)E;F-Y('1R86YS;&%T:6]N/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXH,S,W+#4Y-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,2PR-S(L
M-3,P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^56YR96%L:7IE9"!G86EN(&]N(&%V86EL86)L92UF;W(M<V%L92!I;G9E
M<W1M96YT<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B@R+#8S,SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30L,#4X/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
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M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT-#<L.#,V/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M.3<R+#@S-CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X
M="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$P
M-RPV,#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@R.#4L-C,V/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD
M96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX\+W1A8FQE/@T*#0H\<#X\9F]N="!C;&%S
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M9G5N8W1I;VYA;"!C=7)R96YC>2X@/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@
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M97)I96YC92!A;F0@8W5R<F5N="!T<F5N9',N(#PO9F]N=#X\+W`^#0H-"CQP
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M8V]M<&QE=&4N(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
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M;W1A;&5D("0R+#`T-2PP,#`@:6X@,C`Q,2P@)#(L,3(W+#`P,"!I;B`R,#$P
M(&%N9"`D,2PW,#<L,#`P(&EN(#(P,#DN(#PO9F]N=#X\+W`^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQB/DYE="!I;F-O;64@<&5R('-H
M87)E.B`\+V(^0F%S:6,@;F5T(&EN8V]M92!P97(@8V]M;6]N('-H87)E(&ES
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M(&5F9F5C="!O9B`T-RPR-C$@<VAA<F5S+"`S,"PS,C0@<VAA<F5S(&%N9"`Q
M,BPU,3D@<VAA<F5S(&EN(#(P,3$L(#(P,3`@86YD(#(P,#DL(')E<W!E8W1I
M=F5L>2X@5&AE($-O;7!A;GD@8V%L8W5L871E<R!T:&4@9&EL=71I=F4@969F
M96-T(&]F(&]U='-T86YD:6YG(&]P=&EO;G,@86YD('5N=F5S=&5D('-H87)E
M<R!U<VEN9R!T:&4@=')E87-U<GD@<W1O8VL@;65T:&]D+B!4:&4@;G5M8F5R
M(&]F('-H87)E<R!N;W0@:6YC;'5D960@:6X@=&AE(&-O;7!U=&%T:6]N(&]F
M(&1I;'5T960@96%R;FEN9W,@<&5R('-H87)E(&)E8V%U<V4@=&AE(&]P=&EO
M;G,G(&5X97)C:7-E('!R:6-E('=A<R!G<F5A=&5R('1H86X@=&AE(&%V97)A
M9V4@;6%R:V5T('!R:6-E(&]F(&-O;6UO;B!S=&]C:R!D=7)I;F<@=&AE('EE
M87(@9F]R(#(P,3$L(#(P,3`L(&%N9"`R,#`Y('=A<R`P+"`P(&%N9"`X,2PP
M,#`L(')E<W!E8W1I=F5L>2X@/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^/&(^4VAA<F4@8F%S960@8V]M<&5N<V%T:6]N
M.CPO8CX@5&AE($-O;7!A;GD@86-C;W5N=',@9F]R('-H87)E(&)A<V5D(&-O
M;7!E;G-A=&EO;B!A=V%R9',@;VX@82!F86ER('9A;'5E(&)A<VES+B!4:&4@
M97-T:6UA=&5D(&=R86YT(&1A=&4@9F%I<B!V86QU92!O9B!E86-H('-T;V-K
M+6)A<V5D(&%W87)D(&ES(')E8V]G;FEZ960@:6X@:6YC;VUE(&]V97(@=&AE
M(')E<75I<VET92!S97)V:6-E('!E<FEO9"`H9V5N97)A;&QY('1H92!V97-T
M:6YG('!E<FEO9"DN(%1H92!E<W1I;6%T960@9F%I<B!V86QU92!O9B!E86-H
M(&]P=&EO;B!I<R!C86QC=6QA=&5D('5S:6YG('1H92!";&%C:RU38VAO;&5S
M(&]P=&EO;BUP<FEC:6YG(&UO9&5L+B`\+V9O;G0^/"]P/B`\+V1I=CX\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@/"]T86)L93X-"B`@
M/"]B;V1Y/@T*/"]H=&UL/@T*#0HM+2TM+2T]7TYE>'1087)T7S`W935E96$P
M7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9@T*0V]N=&5N="U,;V-A=&EO
M;CH@9FEL93HO+R]#.B\P-V4U965A,%\R,C8X7S0Y93)?.#=A8U]B9F-A.#@Y
M9#1A868O5V]R:W-H965T<R]3:&5E=#`X+FAT;6P-"D-O;G1E;G0M5')A;G-F
M97(M16YC;V1I;F<Z('%U;W1E9"UP<FEN=&%B;&4-"D-O;G1E;G0M5'EP93H@
M=&5X="]H=&UL.R!C:&%R<V5T/2)U<RUA<V-I:2(-"@T*/&AT;6P^#0H@(#QH
M96%D/@T*("`@(#Q-151!(&AT='`M97%U:78],T1#;VYT96YT+51Y<&4@8V]N
M=&5N=#TS1"=T97AT+VAT;6P[(&-H87)S970]=71F+3@G/CQS8W)I<'0@='EP
M93TS1'1E>'0O:F%V87-C<FEP="!S<F,],T13:&]W+FIS/B\J($1O($YO="!2
M96UO=F4@5&AI<R!#;VUM96YT("HO/"]S8W)I<'0^/"]H96%D/@T*("`\8F]D
M>3X-"B`@("`\=&%B;&4@8VQA<W,],T1R97!O<G0@:60],T1)1#!%344^#0H@
M("`@("`\='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1L(&-O;'-P86X],T0Q
M(')O=W-P86X],T0R/CQS=')O;F<^26YV96YT;W)I97,\8G(^/"]S=')O;F<^
M/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L<W!A;CTS1#$^,3(@
M36]N=&AS($5N9&5D/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(^#0H@
M("`@("`@(#QT:"!C;&%S<STS1'1H/D1E8RX@,S$L(#(P,3$\8G(^/"]T:#X-
M"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-"B`@("`@("`@
M/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS=')O;F<^26YV96YT;W)I
M97,@6T%B<W1R86-T73PO<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'1E>'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@
M("`@/'1R(&-L87-S/3-$<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A
M;&EG;CTS1'1O<#Y);G9E;G1O<FEE<SPO=&0^#0H@("`@("`@(#QT9"!C;&%S
M<STS1'1E>'0^/&1I=CX@/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M/'4^/&(^3D]412`R("T@24Y614Y43U))15,@/"]B/CPO=3X\+V9O;G0^/"]P
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY);G9E;G1O<FEE
M<R!C;VYS:7-T(&]F.CPO9F]N=#X\+W`^#0H-"CQT86)L92!B;W)D97(],T0P
M(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0Y,"4@
M86QI9VX],T1C96YT97(^#0H\='(@<W1Y;&4],T0G9F]N="US:7IE.B`Q<'@[
M)SX\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$-S(E/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I
M9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@8V]L<W!A;CTS1#4^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0Q/CQB/D1E8V5M8F5R(#,Q/"]B/B`\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X]
M,T0U/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E
M<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR,#$Q/"]B/B`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0Q/CQB/C(P,3`\+V(^(#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&
M:6YI<VAE9"!G;V]D<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,30L,#$P+#`W,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3,L
M-C@T+#@X-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^4F%W(&%N9"!P<F]C97-S960@;6%T97)I86QS/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3$L.3<U+#DS
M,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$P+#@Q
M-"PP-3$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS
M1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H
M/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I
M9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
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M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
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M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$
M,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I
M>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^/"]T86)L93X@/"]D:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@
M("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*
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M=7,M87-C:6DB#0H-"CQH=&UL/@T*("`\:&5A9#X-"B`@("`\345402!H='1P
M+65Q=6EV/3-$0V]N=&5N="U4>7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C
M:&%R<V5T/75T9BTX)SX\<V-R:7!T('1Y<&4],T1T97AT+VIA=F%S8W)I<'0@
M<W)C/3-$4VAO=RYJ<SXO*B!$;R!.;W0@4F5M;W9E(%1H:7,@0V]M;65N="`J
M+SPO<V-R:7!T/CPO:&5A9#X-"B`@/&)O9'D^#0H@("`@/'1A8FQE(&-L87-S
M/3-$<F5P;W)T(&ED/3-$240P14U%/@T*("`@("`@/'1R/@T*("`@("`@("`\
M=&@@8VQA<W,],T1T;"!C;VQS<&%N/3-$,2!R;W=S<&%N/3-$,CX\<W1R;VYG
M/E!R;W!E<G1Y+"!0;&%N="!!;F0@17%U:7!M96YT/&)R/CPO<W1R;VYG/CPO
M=&@^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H(&-O;'-P86X],T0Q/C$R($UO
M;G1H<R!%;F1E9#PO=&@^#0H@("`@("`\+W1R/@T*("`@("`@/'1R/@T*("`@
M("`@("`\=&@@8VQA<W,],T1T:#Y$96,N(#,Q+"`R,#$Q/&)R/CPO=&@^#0H@
M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT
M9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\<W1R;VYG/E!R;W!E<G1Y+"!0
M;&%N="!!;F0@17%U:7!M96YT(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*
M("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*
M("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\
M=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^4')O<&5R='DL(%!L86YT($%N
M9"!%<75I<&UE;G0\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQD
M:78^(#QP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQU/CQB/DY/5$4@
M,R`M(%!23U!%4E19+"!03$%.5"!!3D0@15%525!-14Y4/"]B/CPO=3X\+V9O
M;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY0<F]P
M97)T>2P@<&QA;G0@86YD(&5Q=6EP;65N="!A;F0@=&AE(&5S=&EM871E9"!U
M<V5F=6P@;&EV97,@87)E(&%S(&9O;&QO=W,Z(#PO9F]N=#X\+W`^#0H-"CQT
M86)L92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS
M1#`@=VED=&@],T0Y,"4@86QI9VX],T1C96YT97(^#0H\='(@<W1Y;&4],T0G
M9F]N="US:7IE.B`Q<'@[)SX\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$
M-3`E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$R)3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$R)3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$R)3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;2!C;VQS<&%N/3-$-3X-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#$^/&(^1&5C96UB97(@,S$\+V(^(#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@<F]W<W!A;CTS
M1#(@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0Q/CQB/D5S=&EM871E9"`\8G(@+SYU<V5F=6P@
M;&EF93PO8CX@/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0U/@T*/&AR("!A;&EG;CTS1&-E
M;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@
M+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/C(P,3$\+V(^(#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS
M<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#$^/&(^,C`Q,#PO8CX@/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE
M/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS
M1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I
M;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY,
M86YD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C,L,3$T+#,S,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,RPP.3DL.3@X/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL
M93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P
M=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D)U:6QD:6YG<R!A;F0@
M:6UP<F]V96UE;G1S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^-RTT,"!Y96%R<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C@L-S<Y+#DV.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C@L-#0Y+#,Y-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T
M.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY-86-H:6YE
M<GD@86YD(&5Q=6EP;65N=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C,M,34@>65A<G,\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,RPR-C8L,S(U/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,C$L.#@Y+#$Q-CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G
M=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&=7)N:71U<F4@86YD(&9I>'1U
M<F5S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-2TQ
M,"!Y96%R<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C,L.38V+#4W.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C,L-38Y+#<R,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[
M)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY#;VYS=')U8W1I;VX@:6X@
M<')O9W)E<W,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4Q-2PP.34\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXF(S@R
M,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN
M9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E
M(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N
M-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXS.2PV-#(L,CDX/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S<L,#`X+#(Q
M.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E
M;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY,97-S(&%C8W5M=6QA=&5D(&1E<')E8VEA=&EO
M;CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
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M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/B@R,RPW.30L,34R/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T
M>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV
M-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@]
M,T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED
M=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$
M,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R
M/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E
M>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30L,#$Y+#`Q.3PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,3,L,C$T+#`V-SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G
M=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@
M;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H
M/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^/"]T86)L
M93X@/"]D:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@
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M"CQH=&UL/@T*("`\:&5A9#X-"B`@("`\345402!H='1P+65Q=6EV/3-$0V]N
M=&5N="U4>7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R<V5T/75T9BTX
M)SX\<V-R:7!T('1Y<&4],T1T97AT+VIA=F%S8W)I<'0@<W)C/3-$4VAO=RYJ
M<SXO*B!$;R!.;W0@4F5M;W9E(%1H:7,@0V]M;65N="`J+SPO<V-R:7!T/CPO
M:&5A9#X-"B`@/&)O9'D^#0H@("`@/'1A8FQE(&-L87-S/3-$<F5P;W)T(&ED
M/3-$240P14U%/@T*("`@("`@/'1R/@T*("`@("`@("`\=&@@8VQA<W,],T1T
M;"!C;VQS<&%N/3-$,2!R;W=S<&%N/3-$,CX\<W1R;VYG/D%C<75I<VET:6]N
M/&)R/CPO<W1R;VYG/CPO=&@^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H(&-O
M;'-P86X],T0Q/C$R($UO;G1H<R!%;F1E9#PO=&@^#0H@("`@("`\+W1R/@T*
M("`@("`@/'1R/@T*("`@("`@("`\=&@@8VQA<W,],T1T:#Y$96,N(#,Q+"`R
M,#$Q/&)R/CPO=&@^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$
M<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#X\<W1R
M;VYG/D%C<75I<VET:6]N(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@
M("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@
M8VQA<W,],T1P;"!V86QI9VX],T1T;W`^06-Q=6ES:71I;VX\+W1D/@T*("`@
M("`@("`\=&0@8VQA<W,],T1T97AT/CQD:78^(#QP/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/CQU/CQB/DY/5$4@-"`F(S@R,3$[($%#455)4TE424].
M(#PO8CX\+W4^/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^3VX@2G5L>2`R-RP@,C`Q,2P@=&AE($-O;7!A;GD@86-Q=6ER
M960@4&%T87!S8V\@1&5S:6=N<R!,:6UI=&5D(&]F('1H92!52R`H(E!A=&%P
M<V-O(BDN(%1H92!P=7)C:&%S92!P<FEC92!T;W1A;',@)#4L,#DT+#`P,"P@
M=VET:"!C87-H(&%C<75I<F5D('1O=&%L:6YG("0X-C(L,#`P+B!4:&4@<'5R
M8VAA<V4@<')I8V4@:6YC;'5D97,@:6YI=&EA;"!C;VYS:61E<F%T:6]N(&]F
M("0S+#(W,2PP,#`L(&1E9F5R<F5D(&-O;G-I9&5R871I;VX@;V8@)#0V-BPP
M,#`@=&\@8F4@<&%I9"!O=70@;F\@;&%T97(@=&AA;B`Q."!M;VYT:',@9G)O
M;2!T:&4@86-Q=6ES:71I;VX@9&%T92P@)#8U-BPP,#`@:6X@=V]R:VEN9R!C
M87!I=&%L(&%D:G5S=&UE;G1S+"!A;F0@)#<P,2PP,#`@:6X@8V]N=&EN9V5N
M="!C;VYS:61E<F%T:6]N+B!4:&4@0V]M<&%N>2!H87,@86=R965D('1O('!A
M>2!C;VYS:61E<F%T:6]N('5P('1O("0X,3@L,#`P(&-O;G1I;F=E;G0@=7!O
M;B!T:&4@4&%T87!S8V\@8G5S:6YE<W,@;65E=&EN9R!G<F]S<R!M87)G:6X@
M86YD(&]T:&5R(&YO;BUF:6YA;F-I86P@=&%R9V5T<RP@=VET:"!T:&4@8V]N
M<VED97)A=&EO;B!T;R!P86ED(&]U="!N;R!L871E<B!T:&%N('1W;R!Y96%R
M<R!F<F]M('1H92!A8W%U:7-I=&EO;B!D871E+B!!;'1H;W5G:"!T:&4@;6%X
M:6UU;2!C;VYT:6YG96YT(&-O;G-I9&5R871I;VX@:7,@)#@Q."PP,#`L('1H
M92!#;VUP86YY(&AA<R!R96-O9VYI>F5D("0W,#$L,#`P(&%S('1H92!E<W1I
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M;&%R(&%N9"!T:&4@<&]U;F0N($%T($1E8V5M8F5R(#,Q+"`R,#$Q+"!T:&4@
M0V]M<&%N>2!H860@97-T:6UA=&5D(&QI86)I;&ET:65S(&]F("0Q+#`P,RPP
M,#`@<F5L871E9"!T;R!O=71S=&%N9&EN9R!C;VYS:61E<F%T:6]N('!A>6UE
M;G1S+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
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M(&%L;&]C871E9"!A<R!F;VQL;W=S.B`\+V9O;G0^/"]P/@T*#0H\=&%B;&4@
M<W1Y;&4],T0G;6%R9VEN+6QE9G0Z(#4E.R<@8F]R9&5R/3-$,"!C96QL<W!A
M8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$-C4E/@T*/'1R('-T
M>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#@R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,B4^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB
M/DIU;'D@,C<L(#(P,3$\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S
M='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N
M-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D-U<G)E;G0@87-S
M971S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR+#`U,BPQ-#D\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT
M.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^4')O<&5R='DL('!L86YT+"!A;F0@97%U:7!M96YT
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,38S+#8W
M,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E
M;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY);G1A;F=I8FQE(&%S<V5T<SPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C@P,2PT.#@\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT
M.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^1V]O9'=I;&P\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXR+#<P,BPS-#`\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R
M/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E
M>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N
M/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S
M:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E
M;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY4;W1A;"!A<W-E=',\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+#<Q.2PV-#@\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M
M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T
M.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY#=7)R96YT
M(&QI86)I;&ET:65S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT,30L-S,U/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@
M+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/DQO;F<M=&5R;2!D969E<G)E9"!T87@@;&EA8FEL:71I
M97,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXR,3`L.34R/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^5&]T86P@;&EA8FEL:71I97,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXV,C4L-C@W/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN
M9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD
M96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^3F5T(&%S<V5T<R!A8W%U:7)E9#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-2PP.3,L.38Q/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX\+W1A8FQE/@T*#0H\<#X\9F]N
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M=&%X(&1E9'5C=&EB;&4N(#PO9F]N=#X\+W`^(#PO9&EV/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`\+W1A8FQE/@T*("`\+V)O9'D^
M#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X=%!A<G1?,#=E-65E83!?,C(V.%\T
M.64R7S@W86-?8F9C83@X.60T86%F#0I#;VYT96YT+4QO8V%T:6]N.B!F:6QE
M.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9B]7
M;W)K<VAE971S+U-H965T,3$N:'1M;`T*0V]N=&5N="U4<F%N<V9E<BU%;F-O
M9&EN9SH@<75O=&5D+7!R:6YT86)L90T*0V]N=&5N="U4>7!E.B!T97AT+VAT
M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@
M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$
M)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M."<^/'-C<FEP="!T>7!E/3-$=&5X
M="]J879A<V-R:7!T('-R8STS1%-H;W<N:G,^+RH@1&\@3F]T(%)E;6]V92!4
M:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\+VAE860^#0H@(#QB;V1Y/@T*("`@
M(#QT86)L92!C;&%S<STS1')E<&]R="!I9#TS1$E$,$5-13X-"B`@("`@(#QT
M<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&P@8V]L<W!A;CTS1#$@<F]W<W!A
M;CTS1#(^/'-T<F]N9SY';V]D=VEL;"!!;F0@3W1H97(@26YT86YG:6)L92!!
M<W-E=',\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$
M=&@@8V]L<W!A;CTS1#$^,3(@36]N=&AS($5N9&5D/"]T:#X-"B`@("`@(#PO
M='(^#0H@("`@("`\='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H/D1E8RX@
M,S$L(#(P,3$\8G(^/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA
M<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P
M/CQS=')O;F<^1V]O9'=I;&P@06YD($]T:&5R($EN=&%N9VEB;&4@07-S971S
M(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,]
M,T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI
M9VX],T1T;W`^1V]O9'=I;&P@06YD($]T:&5R($EN=&%N9VEB;&4@07-S971S
M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<#X\9F]N
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M,3`@8GD@<V5G;65N="!A<F4@87,@9F]L;&]W<SH@/"]F;VYT/CPO<#X-"@T*
M/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P86-I;F<],T0P(&-E;&QP861D:6YG
M/3-$,"!W:61T:#TS1#DP)3X-"CQT<B!S='EL93TS1"=F;VYT+7-I>F4Z(#%P
M>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0U.24^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Y)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I
M9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R
M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,3X\8CY3=71T;&4\+V(^(#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@
M86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^
M5')A;G-I=&EO;B`\8G(@+SY.971W;W)K<SPO8CX@/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X]
M,T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,3X\8CY4;W1A;#PO8CX@/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1'1O<"!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!C;VQS<&%N/3-$,CX-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!C;VQS
M<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@]
M,T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG
M;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@]
M,T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/CPO='(^#0H\='(^
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/DIA;G5A<GD@,2P@,C`Q,#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,2PR-S$L.3@V/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXS+#(X."PR,S$\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C0L-38P+#(Q-SPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1E
M8V5M8F5R(#,Q+"`R,#$P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,2PR-S$L.3@V/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,RPR.#@L,C,Q/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-"PU
M-C`L,C$W/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-
M"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^26UP86ER;65N="!L;W-S/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^*#$L,C<Q+#DX-CPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B@Q+#(W,2PY.#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI
M/"]F;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^06-Q=6ES:71I;VX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,BPW,#(L,S0P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,BPW,#(L,S0P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T
M<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1&5C96UB97(@,S$L(#(P,3$\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B8C.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C4L.3DP+#4W,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-2PY.3`L-3<Q
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/D=R;W-S(&=O;V1W:6QL/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXQ+#(W,2PY.#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C4L.3DP+#4W,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^-RPR-C(L-34W/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CY!8V-U;75L871E9"!I;7!A:7)M96YT(&QO
M<W,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
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M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXH,2PR-S$L.3@V/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*
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M<STS1%]M="!S:7IE/3-$,CY"86QA;F-E(&%T($1E8V5M8F5R(#,Q+"`R,#$Q
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXF(S@R,3([/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+#DY,"PU-S$\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C4L.3DP+#4W,3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/CPO=&%B;&4^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1U<FEN9R!O=7(@9FES8V%L
M('%U87)T97(@96YD960@2G5N92`S,"P@,C`Q,2P@8F%S960@;VX@9W)E871E
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M(&]F("0Q+#(W,BPP,#`N(%1H:7,@;F]N+7)E8W5R<FEN9R!F86ER('9A;'5E
M(&UE87-U<F5M96YT(&ES(&$@(DQE=F5L(#,B(&UE87-U<F5M96YT('5N9&5R
M('1H92!F86ER('9A;'5E(&AI97)A<F-H>2!D97-C<FEB960@:6X@3F]T92`Q
M,BX@/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^5&AE($-O;7!A;GDG<R!I9&5N=&EF:6%B;&4@:6YT86YG:6)L92!A<W-E
M=',@=VET:"!F:6YI=&4@;&EV97,@87)E(&)E:6YG(&%M;W)T:7IE9"!O=F5R
M('1H96ER(&5S=&EM871E9"!U<V5F=6P@;&EV97,@86YD('=E<F4@87,@9F]L
M;&]W<SH@/"]F;VYT/CPO<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P
M86-I;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#DU)3X-"CQT<B!S
M='EL93TS1"=F;VYT+7-I>F4Z(#%P>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0T,"4^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`@=VED=&@],T0Q)3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P('=I9'1H/3-$,3`E/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`@=VED=&@],T0S)3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P('=I9'1H/3-$,24^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O
M<"!W:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P('=I9'1H/3-$,R4^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O
M<"!W:61T:#TS1#$E/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@=VED=&@],T0Q,R4^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O
M<"!W:61T:#TS1#,E/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@=VED=&@],T0Q)3X-"@T*/'`@86QI
M9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P
M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@=VED=&@],T0Q)3X-"@T*/'`@86QI
M9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS
M<&%N/3-$,3$^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0Q/CQB/D1E8V5M8F5R(#,Q+"`R,#$Q/"]B/CPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS
M1#$Q/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C
M96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O
M;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,3X\8CY'<F]S<R!#87)R>6EN9R`\8G(@+SY!;6]U;G0\
M+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY!8V-U;75L871E9"`\8G(@
M+SY!;6]R=&EZ871I;VX\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY&
M;W)E:6=N($-U<G)E;F-Y(#QB<B`O/E1R86YS;&%T:6]N/"]B/CPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C
M;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#$^/&(^3F5T/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT
M97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1T;W`@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@8V]L<W!A;CTS1#(^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@8V]L
M<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H
M/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5')A9&5M87)K<SPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C@Q+#<X
M-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B@T+#4Y.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#0L
M-3(P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXW,BPV-C8\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/D-U<W1O;65R(')E;&%T:6]N<VAI<',\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXT.3`L-S`W/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^*#$Y+#,Q-CPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*#(W+#$Q-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-#0T+#(W-SPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^5&5C:&YO;&]G>3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C(R."PY.38\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H
M=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,3@L,#(Y/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,3(L-C4R/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXQ.3@L,S$U/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C@P,2PT.#@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXH-#$L.30T/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH-#0L,C@V/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXW,34L,C4X/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T
M<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX\+W1A8FQE/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CY!;6]R=&EZ871I;VX@97AP96YS92!O;B!T:&5S92!I9&5N=&EF:6%B
M;&4@:6YT86YG:6)L92!A<W-E=',@=V%S("0T,BPP,#`@:6X@,C`Q,2X@5&AE
M(&%M;W)T:7IA=&EO;B!E>'!E;G-E(&ES(&EN8VQU9&5D(&EN('-E;&QI;F<L
M(&=E;F5R86P@86YD(&%D;6EN:7-T<F%T:79E(&5X<&5N<V5S+B`\+V9O;G0^
M/"]P/B`\+V1I=CX\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@
M("`@/"]T86)L93X-"B`@/"]B;V1Y/@T*/"]H=&UL/@T*#0HM+2TM+2T]7TYE
M>'1087)T7S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9@T*
M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\P-V4U965A,%\R,C8X7S0Y
M93)?.#=A8U]B9F-A.#@Y9#1A868O5V]R:W-H965T<R]3:&5E=#$R+FAT;6P-
M"D-O;G1E;G0M5')A;G-F97(M16YC;V1I;F<Z('%U;W1E9"UP<FEN=&%B;&4-
M"D-O;G1E;G0M5'EP93H@=&5X="]H=&UL.R!C:&%R<V5T/2)U<RUA<V-I:2(-
M"@T*/&AT;6P^#0H@(#QH96%D/@T*("`@(#Q-151!(&AT='`M97%U:78],T1#
M;VYT96YT+51Y<&4@8V]N=&5N=#TS1"=T97AT+VAT;6P[(&-H87)S970]=71F
M+3@G/CQS8W)I<'0@='EP93TS1'1E>'0O:F%V87-C<FEP="!S<F,],T13:&]W
M+FIS/B\J($1O($YO="!296UO=F4@5&AI<R!#;VUM96YT("HO/"]S8W)I<'0^
M/"]H96%D/@T*("`\8F]D>3X-"B`@("`\=&%B;&4@8VQA<W,],T1R97!O<G0@
M:60],T1)1#!%344^#0H@("`@("`\='(^#0H@("`@("`@(#QT:"!C;&%S<STS
M1'1L(&-O;'-P86X],T0Q(')O=W-P86X],T0R/CQS=')O;F<^16UP;&]Y964@
M4F5T:7)E;65N="!"96YE9FET<SQB<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@
M("`\=&@@8VQA<W,],T1T:"!C;VQS<&%N/3-$,3XQ,B!-;VYT:',@16YD960\
M+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L
M87-S/3-$=&@^1&5C+B`S,2P@,C`Q,3QB<CX\+W1H/@T*("`@("`@/"]T<CX-
M"B`@("`@(#QT<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P
M;"!V86QI9VX],T1T;W`^/'-T<F]N9SY%;7!L;WEE92!2971I<F5M96YT($)E
M;F5F:71S(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*("`@("`@("`\=&0@
M8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-
M"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA<W,],T1P
M;"!V86QI9VX],T1T;W`^16UP;&]Y964@4F5T:7)E;65N="!"96YE9FET<SPO
M=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/&1I=CX@/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^/'4^/&(^3D]412`V("T@14U03$]9144@
M4D5425)%345.5"!"14Y%1DE44SPO8CX\+W4^/"]F;VYT/CPO<#X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&AE($-O;7!A;GD@:&%S(&%N
M($5M<&QO>65E(%-A=FEN9W,@4&QA;B`H-#`Q*&LI*2!A;F0@;6%T8VAE<R!A
M('!E<F-E;G1A9V4@;V8@96UP;&]Y964@8V]N=')I8G5T:6]N<R!U<"!T;R!S
M:7@@<&5R8V5N="!O9B!C;VUP96YS871I;VXN($-O;G1R:6)U=&EO;G,@=&\@
M=&AE('!L86X@:6X@,C`Q,2P@,C`Q,"!A;F0@,C`P.2!W97)E("0T-SDL,#`P
M+"`D-#4V+#`P,"P@86YD("0T,C`L,#`P+"!R97-P96-T:79E;'DN(#PO9F]N
M=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E1H92!#
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M<R!A="!$96-E;6)E<B`S,2P@,C`Q,2!A;F0@,C`Q,#H@/"]F;VYT/CPO<#X-
M"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P86-I;F<],T0P(&-E;&QP861D
M:6YG/3-$,"!W:61T:#TS1#DP)2!A;&EG;CTS1&-E;G1E<CX-"CQT<B!S='EL
M93TS1"=F;VYT+7-I>F4Z(#%P>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0W-"4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#,E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$."4^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$-"4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0X)3X-"@T*/'`@
M86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-
M"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E
M<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^,C`Q,3PO8CX@/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C
M96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O
M;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,3X\8CXR,#$P/"]B/B`\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S
M<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I
M>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E
M;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY#:&%N9V4@:6X@8F5N969I="!O8FQI9V%T:6]N
M.CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M
M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I
M;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D)E;F5F:70@;V)L:6=A
M=&EO;B!A="!T:&4@8F5G:6YN:6YG(&]F('1H92!Y96%R/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXT+#DQ.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0L
M-C(S+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X
M="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I
M;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4V5R
M=FEC92!C;W-T/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,S8L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^-#8L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN
M+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY);G1E<F5S="!C;W-T/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C,Y+#`P,#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(U-RPP,#`\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/E!A<G1I8VEP86YT(&-O;G1R:6)U=&EO
M;G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXQ-2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXQ.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/D%U9VUE;G1A=&EO;G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXT-BPP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-
M"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE
M9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY!8W1U87)I86P@*&=A:6YS*2]L;W-S97,\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXV,BPP
M,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXR-30L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@
M;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY"96YE9FET<R!P86ED/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*#$V,BPP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@Q-#<L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/D9O<F5I9VX@8W5R<F5N8WD@9V%I;G,\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXH-2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@Q,S,L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS
M1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA
M9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA
M<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^0F5N969I="!O8FQI9V%T:6]N(&%T('1H
M92!E;F0@;V8@=&AE('EE87(\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXU+#$U,"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXT+#DQ.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M
M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM
M<FEG:'0Z(#!I;CLG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS
M1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H
M/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I
M9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE
M/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T
M.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^0VAA;F=E(&EN('!L86X@
M87-S971S.CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD
M96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG
M:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D9A:7(@=F%L
M=64@;V8@<&QA;B!A<W-E=',@870@8F5G:6YN:6YG(&]F('EE87(\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+#(V.2PP,#`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+#`R,RPP,#`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT
M.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z
M(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D%C='5A;"!R971U
M<FX@;VX@<&QA;B!A<W-E=',\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXX.3(L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-#8T+#`P,#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U
M<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^16UP;&]Y97(@8V]N=')I8G5T
M:6]N<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0X
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4T
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR
M:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4&%R=&EC
M:7!A;G0@8V]N=')I8G5T:6]N<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C$U+#`P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$Y+#`P,#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U
M<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^0F5N969I=',@<&%I9#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@Q-C(L,#`P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXH,30W+#`P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@
M;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY&;W)E:6=N(&-U<G)E;F-Y(&QO<W-E<SPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@V+#`P,#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^*#$T-"PP,#`\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[
M(&UA<F=I;BUR:6=H=#H@,&EN.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I
M9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q
M('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS
M1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@
M;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY&86ER('9A;'5E(&]F('!L86X@87-S971S(&%T(&5N9"!O9B!Y96%R/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-BPP-38L,#`P
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-2PR-CDL
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R
M9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SXF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G
M:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z
M(#@N-C5P=#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA
M<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY&=6YD960@<W1A='5S(&%T(&5N9"!O9B!Y96%R("8C.#(Q,3L@;F5T(&%S
M<V5T("\H;&EA8FEL:71Y*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^.3`V+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S4P
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/CPO=&%B;&4^/&)R("\^#0H-"CQT86)L
M92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@
M=VED=&@],T0Y-24^#0H\='(@<W1Y;&4],T0G9F]N="US:7IE.B`Q<'@[)SX\
M=&0@=F%L:6=N/3-$=&]P('=I9'1H/3-$-SDE/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@=VED=&@],T0X)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P('=I9'1H/3-$-"4^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!W:61T:#TS
M1#@E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$=&]P/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CY796EG:'1E9"!A=F5R86=E(&%S<W5M
M<'1I;VYS('5S960@=&\@9&5T97)M:6YE(&YE="!P97)I;V1I8R!P96YS:6]N
M(&-O<W1S.CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$=&]P/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^
M/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z
M("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@
M,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1&ES8V]U;G0@<F%T
M93PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-"XW/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1T;W`^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^-2XU/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1'1O<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)3PO
M9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1T;W`^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M
M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I
M;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D5X<&5C=&5D(')E='5R
M;B!O;B!A<W-E=',\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$=&]P/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C0N,CPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1T;W`^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/B4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$=&]P/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4N,3PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1T;W`^
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M=F5S=&UE;G1S('=E<F4@)#,L,3DS+#`P,"!A;F0@)#(L.#8T+#`P,"!A<R!O
M9B!$96-E;6)E<B`S,2P@,C`Q,2!A;F0@=V5R92!D971E<FUI;F5D('1O(&)E
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M=71S+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CY4:&4@0V]M<&%N>2!D;V5S(&YO="!E>'!E8W0@86YY('!L86X@87-S
M971S('1O(&)E(')E='5R;F5D('1O('1H92!#;VUP86YY(&1U<FEN9R!T:&4@
M='=E;'9E(&UO;G1H<R!S=6)S97%U96YT('1O($1E8V5M8F5R(#,Q+"`R,#$Q
M+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY4:&4@0V]M<&%N>2!E>'!E8W1S('1O(&UA:V4@8V]N=')I8G5T:6]N<R!O
M9B`D-#@L,#`P('1O('1H92!P;&%N(&EN(#(P,3(N/"]F;VYT/CPO<#X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&AE($-O;7!A;GD@97-T
M:6UA=&5S(&ET<R!F=71U<F4@<&5N<VEO;B!B96YE9FET('!A>6UE;G1S('=I
M;&P@8F4@87,@9F]L;&]W<SH\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R9&5R
M/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$
M-C`E(&%L:6=N/3-$8V5N=&5R/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@
M,7!X.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#@U)3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$
M-"4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT@=VED=&@],T0X)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q
M)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXR,#$R/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXS-3$L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,#$S/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^,C@P+#`P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C`Q-#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0W
M,2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C(P,34\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXR-3(L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,#$V/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C(W+#`P,#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,C`Q-R!T:')U(#(P,C$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXR+#`T,RPP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/CPO=&%B
M;&4^/&)R("\^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D-O
M;7!O;F5N=',@;V8@=&AE($-O;7!A;GDG<R!N970@<&5R:6]D:6,@<&5N<VEO
M;B!C;W-T<R!A<F4Z/"]F;VYT/CPO<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@
M8V5L;'-P86-I;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#$P,"4^
M#0H\='(@<W1Y;&4],T0G9F]N="US:7IE.B`Q<'@[)SX\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$-C4E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS
M1#<E/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$
M-R4^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0W
M)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C
M96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^,C`Q,3PO8CX@
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR,#$P/"]B/B`\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E
M;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L
M<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0Q/CQB/C(P,#D\+V(^(#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X]
M,T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X\
M+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E-E<G9I8V4@
M8V]S=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S8L,#`P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H
M=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT-BPP,#`\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C,W+#`P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^26YT97)E<W0@
M8V]S=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(T
M,"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR
M-3@L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,C8Q+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^17AP96-T960@<F5T=7)N(&]N(&%S<V5T<SPO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@R
M-C<L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,C0T+#`P
M,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#(R-BPP,#`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F
M;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^06UO<G1I>F%T:6]N
M(&]F('!R:6]R('-E<G9I8V4@8V]S=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C0V+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/B8C.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-
M"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E
M;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@
M+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS
M1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA
M9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N
M/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S
M:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^3F5T('!E<FEO9&EC('!E;G-I;VX@8V]S=#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^-34L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXV,"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C<R+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N
M/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S
M:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/CPO=&%B;&4^(#PO9&EV/CQS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`\+W1A8FQE/@T*
M("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X=%!A<G1?,#=E-65E
M83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#;VYT96YT+4QO8V%T
M:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X
M.#ED-&%A9B]7;W)K<VAE971S+U-H965T,3,N:'1M;`T*0V]N=&5N="U4<F%N
M<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*0V]N=&5N="U4>7!E
M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@
M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C
M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M."<^/'-C<FEP="!T
M>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N:G,^+RH@1&\@3F]T
M(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\+VAE860^#0H@(#QB
M;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I9#TS1$E$,$5-13X-
M"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&P@8V]L<W!A;CTS
M1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY#;VUM:71M96YT<R!!;F0@0V]N=&EN
M9V5N8VEE<SQB<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T:"!C;VQS<&%N/3-$,3XQ,B!-;VYT:',@16YD960\+W1H/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^1&5C
M+B`S,2P@,C`Q,3QB<CX\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C
M;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^/'-T<F]N9SY#;VUM:71M96YT<R!!;F0@0V]N=&EN9V5N8VEE<R!;06)S
M=')A8W1=/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X
M=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@
M8VQA<W,],T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$
M=&]P/D-O;6UI=&UE;G1S($%N9"!#;VYT:6YG96YC:65S/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CX\=3X\8CY.3U1%(#<@)B,X,C$Q.R!#3TU-251-14Y44R!!
M3D0@0T].5$E.1T5.0TE%4SPO8CX\+W4^/"]F;VYT/CPO<#X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/&(^3W!E<F%T:6YG(&QE87-E<SH@
M/"]B/E1H92!#;VUP86YY(&QE87-E<R!L86YD+"!B=6EL9&EN9W,@86YD(&5Q
M=6EP;65N="!U;F1E<B!O<&5R871I;F<@;&5A<V5S('=I=&@@;W)I9VEN86P@
M=&5R;7,@9G)O;2`Q('1O(#4@>65A<G,N(%1O=&%L(')E;G0@97AP96YS92!W
M87,@)#0R,2PP,#`L("0T,#(L,#`P(&%N9"`D-#0P+#`P,"!I;B`R,#$Q+"`R
M,#$P(&%N9"`R,#`Y(')E<W!E8W1I=F5L>2X@4W5B;&5A<V4@:6YC;VUE(')E
M8V5I=F5D('=A<R`D,"P@)#@L,#`P(&%N9"`D,3(L,#`P(&EN(#(P,3$L(#(P
M,3`@86YD(#(P,#D@<F5S<&5C=&EV96QY+B!!="!$96-E;6)E<B`S,2P@,C`Q
M,2P@=&AE($-O;7!A;GD@=V%S(&]B;&EG871E9"!U;F1E<B!N;VYC86YC96QA
M8FQE(&]P97)A=&EN9R!L96%S97,@=&\@;6%K92!M:6YI;75M(&%N;G5A;"!F
M=71U<F4@;&5A<V4@<&%Y;65N=',@87,@9F]L;&]W<SH\+V9O;G0^/"]P/@T*
M#0H\=&%B;&4@8F]R9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I
M;F<],T0P('=I9'1H/3-$-S`E(&%L:6=N/3-$8V5N=&5R/@T*/'1R('-T>6QE
M/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W:61T
M:#TS1#@R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0Q,B4^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T
M.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY996%R($5N
M9&EN9R!$96-E;6)E<B`S,3H\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I
M;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,C`Q,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,3<U+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y
M;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS
M<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,C`Q,SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C<L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T
M97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R
M9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY4
M:&5R96%F=&5R/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q
M-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I
M>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[
M)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3@R+#`P,#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[
M)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX\+W1A8FQE/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CX\8CY,;VYG+71E<FT@9&5B=#H\+V(^
M(%1H92!M;W)T9V%G92!O;B!T:&4@0V]M<&%N>2=S(&AE861Q=6%R=&5R<R!B
M=6EL9&EN9R!I<R!P87EA8FQE(&EN(&UO;G1H;'D@:6YS=&%L;&UE;G1S(&%N
M9"!C87)R:65S(&%N(&EN=&5R97-T(')A=&4@;V8@-BXX,R4N(%1H92!M;W)T
M9V%G92!M871U<F5S(&]N($UA<F-H(#$L(#(P,38N(%1H92!O=71S=&%N9&EN
M9R!B86QA;F-E(&]N('1H92!M;W)T9V%G92!W87,@)#(L,#`R+#`P,"!A="!$
M96-E;6)E<B`S,2P@,C`Q,2X@5&AE(&UO<G1G86=E(&ES('-E8W5R960@8GD@
M=&AE(&)U:6QD:6YG+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY4:&4@86YN=6%L(')E<75I<F5M96YT<R!F;W(@<')I
M;F-I<&%L('!A>6UE;G1S(&]N('1H92!M;W)T9V%G92!A<F4@87,@9F]L;&]W
M<SH@/"]F;VYT/CPO<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P86-I
M;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#8P)2!A;&EG;CTS1&-E
M;G1E<CX-"CQT<B!S='EL93TS1"=F;VYT+7-I>F4Z(#%P>#LG/CQT9"!V86QI
M9VX],T1T;W`@=VED=&@],T0Y,"4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1'1O<"!W:61T:#TS1#$P)3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$=&]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,#$R
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1'1O<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-#(W
M+#`P,#PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1T
M;W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(P,3,\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXT-3<L,#`P/"]F;VYT/CPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1'1O<#X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C`Q-#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1T;W`^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0Y,"PP,#`\+V9O
M;G0^/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$=&]P/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,#$U/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^-3(T+#`P,#PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1T;W`^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(P,38\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$=&]P/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ,#0L,#`P/"]F;VYT/CPO<#X\
M+W1D/CPO='(^/"]T86)L93X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^/&(^4'5R8VAA<VEN9R!O8FQI9V%T:6]N<SH@/"]B/D]N(%-E<'1E
M;6)E<B`S,"P@,C`Q,2P@=&AE($-O;7!A;GD@96YT97)E9"!I;G1O(&$@8V]N
M=')A8W0@=VET:"!)1E,@=&\@:6UP;&5M96YT(&$@;F5W($5N=&5R<')I<V4@
M4F5S;W5R8V4@4&QA;FYI;F<@*$524"D@<WES=&5M+B!4:&4@<F5M86EN:6YG
M(&-O;G1R86-T(&)A;&%N8V4@870@1&5C96UB97(@,S$L(#(P,3$@=V%S("0W
M,SDL,#`P+B!4:&4@8V]N=')A8W0@:6YC;'5D97,@86YN=6%L(&9U='5R92!O
M8FQI9V%T:6]N<R!F;W(@=&AE('EE87)S(&5N9&EN9R!$96-E;6)E<B`S,2P@
M87,@9F]L;&]W<SH\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R9&5R/3-$,"!C
M96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$-C`E(&%L
M:6=N/3-$8V5N=&5R/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^
M/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#@U)3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$-"4^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T
M:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@=VED=&@],T0X)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXR,#$R/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXU,S(L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T
M<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXR,#$S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,C`W+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^/"]T
M86)L93X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/&(^3&EN
M92!O9B!C<F5D:70Z/"]B/B!4:&4@0V]M<&%N>2!H87,@82`D,3`L,#`P+#`P
M,"!L:6YE(&]F(&-R961I="!F<F]M(%=E;&QS($9A<F=O($)A;FLN(%1H92!#
M;VUP86YY(&AA9"!N;R!O=71S=&%N9&EN9R!B;W)R;W=I;F=S(&%G86EN<W0@
M=&AE(&QI;F4@;V8@8W)E9&ET(&%T($1E8V5M8F5R(#,Q+"`R,#$Q(&%N9"`R
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M96YA;G1S(&%S(&]F($1E8V5M8F5R(#,Q+"`R,#$Q+B`\+V9O;G0^/"]P/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY!<R!O9B!$96-E;6)E
M<B`S,2P@,C`Q,2P@=&AE($-O;7!A;GD@:&%D(&YO(&]T:&5R(&UA=&5R:6%L
M(&-O;6UI=&UE;G1S("AE:71H97(@8V%N8V5L86)L92!O<B!N;VXM8V%N8V5L
M86)L92D@9F]R(&-A<&ET86P@97AP96YD:71U<F5S(&]R(&]T:&5R('!U<F-H
M87-E(&-O;6UI=&UE;G1S(')E;&%T960@=&\@;VYG;VEN9R!O<&5R871I;VYS
M+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
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M;GD@<&5R9F]R;6%N8V4N(%1H92!P;&%N('!R;W9I9&5S(&=R86YT<R!O9B`B
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M8F%S:7,N(%1H92!#;VUP86YY(&%C8W)U960@97AP96YS92!O9B`D,C@V+#`P
M,"P@)#DR-BPP,#`@86YD("0W,S0L,#`P(&EN(#(P,3$L(#(P,3`@86YD(#(P
M,#DL(')E<W!E8W1I=F5L>2X@06-C<G5A;"!B86QA;F-E<R!F;W(@;&]N9RUT
M97)M(&-O;7!E;G-A=&EO;B!P;&%N<R!A="!$96-E;6)E<B`S,2P@,C`Q,2!A
M;F0@,C`Q,"!W97)E("0R+#`R-"PP,#`@86YD("0Q+#<S."PP,#`L(')E<W!E
M8W1I=F5L>2X@07=A<F1S('!A:60@=V5R92`D,"!I;B`R,#$Q+"`D,2PS,S(L
M,#`P(&EN(#(P,3`@86YD("0P(&EN(#(P,#DN($%W87)D<R!F;W(@=&AE(#(P
M,#@@=&\@,C`Q,2!C>6-L92!W:6QL(&)E('!A:60@;W5T(&EN(#(P,3(@:6X@
M8V%S:"P@87=A<F1S(&9O<B!T:&4@,C`Q,"!T;R`R,#$S(&%N9"!T:&4@,C`Q
M,2!T;R`R,#$S(&-Y8VQE<R!W:6QL(&)E('!A:60@;W5T(#4P)2!I;B!C87-H
M(&%N9"`U,"4@:6X@<W1O8VLN(%1H92!S=&]C:R!P;W)T:6]N(&]F('1H97-E
M(&%W87)D<R!A<F4@=')E871E9"!A<R!E<75I='D@<&QA;G,@86YD(&EN8VQU
M9&5D('=I=&AI;B!T:&4@4W1O8VL@0V]M<&5N<V%T:6]N(&9O;W1N;W1E(&)E
M;&]W+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CX\8CY/=&AE<B!C;VYT:6YG96YC:65S.B`\+V(^26X@=&AE(&]R9&EN
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M/CPO<#X@/"]D:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*
M("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].
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M#0H-"CQH=&UL/@T*("`\:&5A9#X-"B`@("`\345402!H='1P+65Q=6EV/3-$
M0V]N=&5N="U4>7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R<V5T/75T
M9BTX)SX\<V-R:7!T('1Y<&4],T1T97AT+VIA=F%S8W)I<'0@<W)C/3-$4VAO
M=RYJ<SXO*B!$;R!.;W0@4F5M;W9E(%1H:7,@0V]M;65N="`J+SPO<V-R:7!T
M/CPO:&5A9#X-"B`@/&)O9'D^#0H@("`@/'1A8FQE(&-L87-S/3-$<F5P;W)T
M(&ED/3-$240P14U%/@T*("`@("`@/'1R/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T;"!C;VQS<&%N/3-$,2!R;W=S<&%N/3-$,CX\<W1R;VYG/E-T;V-K($-O
M;7!E;G-A=&EO;CQB<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@8VQA
M<W,],T1T:"!C;VQS<&%N/3-$,3XQ,B!-;VYT:',@16YD960\+W1H/@T*("`@
M("`@/"]T<CX-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^
M1&5C+B`S,2P@,C`Q,3QB<CX\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT
M<B!C;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX]
M,T1T;W`^/'-T<F]N9SY3=&]C:R!#;VUP96YS871I;VX@6T%B<W1R86-T73PO
M<W1R;VYG/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/'-P86X^
M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$
M<F\^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A;&EG;CTS1'1O<#Y3=&]C
M:R!#;VUP96YS871I;VX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT
M/CQD:78^(#QP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CQU/CQB/DY/
M5$4@."`F(S@R,3$[(%-43T-+($-/35!%3E-!5$E/3CPO8CX\+W4^/"]F;VYT
M/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/'4^,C`Q
M,2!%>&5C=71I=F4@26YC96YT:79E($-O;7!E;G-A=&EO;B!0;&%N(#PO=3X\
M+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY/
M;B!-87)C:"`R."P@,C`Q,2!T:&4@0F]A<F0@861O<'1E9"!A;F0@;VX@36%Y
M(#$Y+"`R,#$Q('1H92!#;VUP86YY)W,@<VAA<F5H;VQD97)S(&%P<')O=F5D
M('1H92!#;VUP86YY)W,@,C`Q,2!%>&5C=71I=F4@26YC96YT:79E($-O;7!E
M;G-A=&EO;B!0;&%N("@B,C`Q,2!);F-E;G1I=F4@4&QA;B(I+B!4:&4@,C`Q
M,2!);F-E;G1I=F4@4&QA;B!A=71H;W)I>F5S(&EN8V5N=&EV92!A=V%R9',@
M=&\@;V9F:6-E<G,L(&ME>2!E;7!L;WEE97,@86YD(&YO;BUE;7!L;WEE92!D
M:7)E8W1O<G,@:6X@=&AE(&9O<FT@;V8@;W!T:6]N<R`H:6YC96YT:79E(&%N
M9"!N;VXM<75A;&EF:65D*2P@<W1O8VL@87!P<F5C:6%T:6]N(')I9VAT<RP@
M<F5S=')I8W1E9"!S=&]C:RP@<F5S=')I8W1E9"!S=&]C:R!U;FET<RP@<&5R
M9F]R;6%N8V4@<W1O8VL@=6YI=',@*")D969E<G)E9"!S=&]C:R(I+"!P97)F
M;W)M86YC92!C87-H('5N:71S+"!A;F0@;W1H97(@87=A<F1S(&EN('-T;V-K
M+"!C87-H+"!O<B!A(&-O;6)I;F%T:6]N(&]F('-T;V-K(&%N9"!C87-H+B!5
M<"!T;R`Q+#`P,"PP,#`@<VAA<F5S(&]F(&]U<B!C;VUM;VX@<W1O8VL@;6%Y
M(&)E(&ES<W5E9"!P=7)S=6%N="!T;R!A=V%R9',@=6YD97(@=&AE(#(P,3$@
M26YC96YT:79E(%!L86XN(%1H92`R,#$Q($EN8V5N=&EV92!0;&%N(&ES(&%D
M;6EN:7-T97)E9"!B>2!T:&4@0V]M<&5N<V%T:6]N($-O;6UI='1E92!O9B!T
M:&4@0F]A<F0@;V8@1&ER96-T;W)S+B!4:')O=6=H($1E8V5M8F5R(#,Q+"`R
M,#$Q+"!T:&4@;VYL>2!A=V%R9',@=&AA="!H879E(&)E96X@;6%D92!U;F1E
M<B!T:&4@,C`Q,2!);F-E;G1I=F4@4&QA;B!A<F4@=&AO<V4@9&5S8W)I8F5D
M(&EN(&9O;&QO=VEN9R!P87)A9W)A<&AS+B`\+V9O;G0^/"]P/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY4:&4@,C`Q,2!);F-E;G1I=F4@
M4&QA;B!P97)M:71S(&5Q=6ET>2!A=V%R9',@=&\@;F]N+65M<&QO>65E(&1I
M<F5C=&]R<R!E:71H97(@:6X@=&AE(&9O<FT@;V8@<F5S=')I8W1E9"!S=&]C
M:R!G<F%N=',@;W(@;F]N+7%U86QI9FEE9"!S=&]C:R!O<'1I;VX@87=A<F1S
M+"!O<B!B;W1H+B!/;B!-87)C:"`R."P@,C`Q,2P@=&AE($-O;7!E;G-A=&EO
M;B!#;VUM:71T964@86YD('1H92!";V%R9"!D971E<FUI;F5D('1H870L('-U
M8FIE8W0@=&\@<F5C96EV:6YG('-H87)E:&]L9&5R(&%P<')O=F%L(&]F('1H
M92`R,#$Q($EN8V5N=&EV92!0;&%N+"!E86-H(&YO;BUE;7!L;WEE92!D:7)E
M8W1O<B!E;&5C=&5D(&]R(')E+65L96-T960@870@=&AE($UA>2`Q.2P@,C`Q
M,2!!;FYU86P@4VAA<F5H;VQD97)S($UE971I;F<@*'1H92`B,C`Q,2!3:&%R
M96AO;&1E<G,@365E=&EN9R(I('=O=6QD(&)E(&ES<W5E9"!S:&%R97,@;V8@
M<F5S=')I8W1E9"!S=&]C:R!H879I;F<@82!V86QU92!O9B`D-#`L,#`P(&)A
M<V5D(&]N('1H92!C;&]S:6YG('!R:6-E(&]F('1H92!#;VUP86YY)W,@8V]M
M;6]N('-T;V-K(&]N($UA>2`Q.2P@,C`Q,2!A;F0@86QS;R!D971E<FUI;F5D
M('1H:7,@<F5S=')I8W1E9"!S=&]C:R!W;W5L9"!V97-T(&%F=&5R(&]N92!Y
M96%R(&%N9"!B92!S=6)J96-T('1O(')E<W1R:6-T:6]N<R!O;B!R97-A;&4@
M9F]R(&]N92!A9&1I=&EO;F%L('EE87(N($%T('1H92`R,#$Q(%-H87)E:&]L
M9&5R<R!-965T:6YG+"!T:&4@0V]M<&%N>2=S('-H87)E:&]L9&5R<R!A<'!R
M;W9E9"!T:&4@,C`Q,2!);F-E;G1I=F4@4&QA;B!A;F0L(&5F9F5C=&EV92!A
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M(&-H:65F(&5X96-U=&EV92!O9F9I8V5R(&]N($UA>2`Q.2P@,C`Q,2X@/"]F
M;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^070@
M1&5C96UB97(@,S$L(#(P,3$L(#DX-"PT,3@@<VAA<F5S(')E;6%I;F5D(&%V
M86EL86)L92!T;R!B92!I<W-U960@=6YD97(@=&AE(#(P,3$@26YC96YT:79E
M(%!L86XN(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/CQU/E-T;V-K($]P=&EO;B!0;&%N(&9O<B!$:7)E8W1O<G,@/"]U
M/CPO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/E-H87)E<R!O9B!C;VUM;VX@<W1O8VL@87)E(')E<V5R=F5D(&9O<B!I<W-U
M86YC92!T;R!N;VXM96UP;&]Y964@9&ER96-T;W)S('5N9&5R(&]P=&EO;G,@
M9W)A;G1E9"!B>2!T:&4@0V]M<&%N>2!P<FEO<B!T;R`R,#$Q('5N9&5R(&ET
M<R!3=&]C:R!/<'1I;VX@4&QA;B!F;W(@3F]N+45M<&QO>65E($1I<F5C=&]R
M<R`H=&AE(")$:7)E8W1O<B!0;&%N(BDN(%5N9&5R('1H92!$:7)E8W1O<B!0
M;&%N(&YO;G%U86QI9FEE9"!S=&]C:R!O<'1I;VYS('1O(&%C<75I<F4@,RPP
M,#`@<VAA<F5S(&]F(&-O;6UO;B!S=&]C:R!W97)E(&%U=&]M871I8V%L;'D@
M9W)A;G1E9"!T;R!E86-H(&YO;BUE;7!L;WEE92!D:7)E8W1O<B!C;VYC=7)R
M96YT('=I=&@@86YN=6%L(&UE971I;F=S(&]F('-H87)E:&]L9&5R<R!I;B`R
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M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&AE($1I<F5C=&]R
M(%!L86X@=V%S('-U<W!E;F1E9"!A<R!O9B!-87D@,3DL(#(P,3$@=&\@<')O
M:&EB:70@875T;VUA=&EC(&]P=&EO;B!G<F%N=',@:6X@,C`Q,2!I;B!C;VYN
M96-T:6]N('=I=&@@<V5E:VEN9R!A;F0@<F5C96EV:6YG('-H87)E:&]L9&5R
M(&%P<')O=F%L(&]F('1H92`R,#$Q($EN8V5N=&EV92!0;&%N+"!A="!T:&4@
M,C`Q,2!!;FYU86P@365E=&EN9R!O9B!3:&%R96AO;&1E<G,N($%S('-H87)E
M:&]L9&5R(&%P<')O=F%L('=A<R!R96-E:79E9"P@=&AE($)O87)D(&%M96YD
M960@=&AE($1I<F5C=&]R(%!L86X@=&\@<')O:&EB:70@86YY(&9U='5R92!O
M<'1I;VX@87=A<F1S('5N9&5R('1H870@<&QA;B!O;B!!=6=U<W0@,3$L(#(P
M,3$N(%-T;V-K(&]P=&EO;G,@=V5R92!G<F%N=&5D('1O(&YO;BUE;7!L;WEE
M92!D:7)E8W1O<G,@9F]R(#`L(#$X+#`P,"P@86YD(#$X+#`P,"!S:&%R97,@
M:6X@,C`Q,2P@,C`Q,"!A;F0@,C`P.2P@<F5S<&5C=&EV96QY+B`\+V9O;G0^
M/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\=3Y3=&]C
M:R!0;&%N(#PO=3X\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CY5;F1E<B!T:&4@0V]M<&%N>2=S(#$Y.3(@4W1O8VL@4&QA
M;B`H(G1H92!3=&]C:R!0;&%N(BDL('-H87)E<R!O9B!C;VUM;VX@<W1O8VL@
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M87!P<F]V960N(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/D1U<FEN9R`R,#$Q+"!P<FEO<B!T;R!A;65N9&EN9R!T:&4@
M4W1O8VL@4&QA;B!T;R!P<F]H:6)I="!F=71U<F4@87=A<F1S+"!S=&]C:R!O
M<'1I;VYS('=E<F4@87=A<F1E9"!C;W9E<FEN9R`Y-BPR-3`@<VAA<F5S('1O
M(&ME>2!E>&5C=71I=F4@96UP;&]Y965S+"!W:&EC:"!O<'1I;VYS(&5X<&ER
M92!S979E;B!Y96%R<R!F<F]M('1H92!D871E(&]F(&%W87)D(&%N9"!V97-T
M(#(U)2!E86-H('EE87(@8F5G:6YN:6YG(&]N92!Y96%R(&%F=&5R('1H92!D
M871E(&]F(&%W87)D+B`\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY$=7)I;F<@,C`Q,2P@<')I;W(@=&\@86UE;F1I;F<@
M=&AE(%-T;V-K(%!L86X@=&\@<')O:&EB:70@9G5T=7)E(&%W87)D<RP@:V5Y
M(&5M<&QO>65E<R!W97)E(&=R86YT960@9&5F97)R960@<W1O8VL@87=A<F1S
M(&-O=F5R:6YG(#$V+#`Y,B!S:&%R97,@=&EE9"!T;R!A8VAI979E;65N="!A
M9V%I;G-T('!E<F9O<FUA;F-E(&=O86QS(&EN(#(P,3`@=6YD97(@=&AE($-O
M;7!A;GDG<R!L;VYG('1E<FT@:6YC96YT:79E('!L86XN(%1O('1H92!E>'1E
M;G0@96%R;F5D+"!T:&4@9&5F97)R960@<W1O8VL@=VEL;"!B92!P86ED(&]U
M="!I;B!T:&4@9FER<W0@<75A<G1E<B!O9B`R,#$T('1O(&ME>2!E;7!L;WEE
M97,@<W1I;&P@96UP;&]Y960@8GD@=&AE($-O;7!A;GD@870@=&AA="!T:6UE
M+B!4:&4@0V]M<&%N>2!A;'-O(&=R86YT960@9&5F97)R960@<W1O8VL@87=A
M<F1S(&-O=F5R:6YG(#<W+#4X."!S:&%R97,@=&\@:V5Y(&5M<&QO>65E<R!U
M;F1E<B!T:&4@0V]M<&%N>2=S(&QO;F<@=&5R;2!I;F-E;G1I=F4@<&QA;B!T
M:65D('1O(&%C:&EE=F5M96YT(&%G86EN<W0@<&5R9F]R;6%N8V4@;W9E<B!T
M:&4@,C`Q,2!T;R`R,#$S('!E<FEO9"X@5&AE(&%C='5A;"!N=6UB97(@;V8@
M<VAA<F5S(&]F(&1E9F5R<F5D('-T;V-K(&5A<FYE9"!B>2!T:&4@<F5S<&5C
M=&EV92!E;7!L;WEE97,L(&EF(&%N>2P@=VEL;"!B92!D971E<FUI;F5D(&)A
M<V5D(&]N(&%C:&EE=F5M96YT(&%G86EN<W0@8W5M=6QA=&EV92!P97)F;W)M
M86YC92!G;V%L<R!F;W(@=&AE('1H<F5E('EE87)S(&5N9&EN9R!$96-E;6)E
M<B`S,2P@,C`Q,R!A;F0@=&AE(&YU;6)E<B!O9B!S:&%R97,@96%R;F5D('=I
M;&P@8F4@<&%I9"!I;B!T:&4@9FER<W0@<75A<G1E<B!O9B`R,#$T('1O('1H
M;W-E(&ME>2!E;7!L;WEE97,@<W1I;&P@96UP;&]Y960@8GD@=&AE($-O;7!A
M;GD@870@=&AA="!T:6UE+B!$=7)I;F<@,C`Q,2P@=&AE($-O;7!A;GD@86QS
M;R!G<F%N=&5D(&1E9F5R<F5D('-T;V-K(&%W87)D<R!O9B!U<"!T;R`Q,BPQ
M-38@<VAA<F5S('1O(&5X96-U=&EV92!E;7!L;WEE97,@=&AA="!C;W5L9"!B
M92!E87)N960@=6YD97(@=&AE($-O;7!A;GDG<R!S:&]R="UT97)M(&EN8V5N
M=&EV92!P;&%N(&EF(&%C='5A;"!R979E;G5E(&5Q=6%L960@;W(@97AC965D
M960@,34P)2!O9B`R,#$Q('%U87)T97)L>2!O<B!A;FYU86P@<F5V96YU92!T
M87)G971S+B!4:&4@;G5M8F5R(&]F('-H87)E<R!E87)N960@8GD@=&AE(')E
M<W!E8W1I=F4@97AE8W5T:79E(&5M<&QO>65E<R!W:6QL(&)E('!A:60@;W5T
M(&YO(&QA=&5R('1H86X@=&AE(&9I<G-T('%U87)T97(@;V8@,C`Q,BX@/"]F
M;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^070@
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M=&AI<R!P;&%N(&EN(#(P,3`@;W(@,C`P.2X@/"]F;VYT/CPO<#X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/'4^4W1O8VL@3W!T:6]N<R!/
M=71S=&%N9&EN9R`\+W4^/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^5&AE(&9O;&QO=VEN9R!T86)L92!S=6UM87)I>F5S
M(&-H86YG97,@:6X@=&AE(&YU;6)E<B!O9B!O=71S=&%N9&EN9R!S=&]C:R!O
M<'1I;VYS('5N9&5R('1H92!$:7)E8W1O<B!0;&%N(&%N9"!3=&]C:R!0;&%N
M(&1U<FEN9R!T:&4@=&AR964@>65A<G,@96YD960@1&5C96UB97(@,S$L(#(P
M,3$N(#PO9F]N=#X\+W`^#0H-"CQT86)L92!B;W)D97(],T0P(&-E;&QS<&%C
M:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0Q,#`E/@T*/'1R('-T
M>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#4P)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,B4^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,B4^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,B4^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C
M96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/D]P=&EO;G,\+V(^(#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^5V5I9VAT960@879E<F%G92`\8G(@
M+SYE>&5R8VES92!P<FEC92`\8G(@+SYP97(@<VAA<F4\+V(^(#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C
M;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#$^/&(^5V5I9VAT960@879E<F%G92`\8G(@+SYR96UA
M:6YI;F<@/&)R("\^8V]N=')A8W1U86P@=&5R;3PO8CX@/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT
M97(^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E
M;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@
M+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I
M9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U
M<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CY/=71S=&%N9&EN9R`F(S@R,3$[($1E8V5M8F5R(#,Q+"`R,#`X
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,S4Q+#,U,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.2XY
M.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C(N-S@@>65A<G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE
M/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T
M.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/D%W87)D960\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXQ."PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXY+C<S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/D5X97)C:7-E9#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/B@V+#0P,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,3`N-S$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX
M+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN
M.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1F]R9F5I=&5D/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#$W,RPY-3`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C$P+C$X/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T
M>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N
M,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$
M,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE
M/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT
M+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/D]U='-T86YD:6YG("8C.#(Q,3L@1&5C
M96UB97(@,S$L(#(P,#D\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXQ.#DL,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXY+C<W/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^-"XW-2!Y96%R<SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I
M;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^07=A<F1E9#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C$X+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C$Q+C@R/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T
M.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D5X97)C:7-E9#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@R,2PP,#`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C@N-S`\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G
M=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA
M<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M1F]R9F5I=&5D/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*#(T+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30N,3,\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA
M<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N
M/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S
M:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^3W5T<W1A;F1I
M;F<@)B,X,C$Q.R!$96-E;6)E<B`S,2P@,C`Q,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$V,BPP,#`\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
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M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+C,S('EE87)S/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@
M+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT.B`P
M:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY!=V%R9&5D/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.38L,C4P/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30N,38\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR
M:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^17AE<F-I
M<V5D/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*#DL,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXX
M+C$P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F
M=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/D9O<F9E:71E9#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/B@Q,BPT,S`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C$Q+C(S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT
M.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z
M(#!I;CLG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@
M;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
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M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR
M,S8L.#(P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,3$N,S4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXU+C$X('EE87)S/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN
M+6QE9G0Z(#@N-C5P=#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R
M9VEN+6QE9G0Z(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/D5X97)C:7-A8FQE(&%T($1E8V5M8F5R(#,Q+"`R,#$Q/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,38T+#8S-3PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,3`N,3(\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXT+C<S('EE87)S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z
M(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D5X<&5C=&5D
M('1O('9E<W0@870@1&5C96UB97(@,S$L(#(P,3$\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,S4L.#`Q/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3$N
M,S0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXU+C$W('EE87)S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL
M93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P
M=#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
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M=&AE(&%S<W5M<'1I;VYS('5S960@:6X@=&AE(&UO9&5L+B`\+V9O;G0^/"]P
M/CQB<B`O/@T*#0H\=&%B;&4@8F]R9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@
M8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$.3`E/@T*/'1R('-T>6QE/3-$)V9O
M;G0M<VEZ93H@,7!X.R<^/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#4R
M)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,"4^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,"4^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,"4^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#@^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/EEE87(@16YD
M960@1&5C96UB97(@,S$\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$.#X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N
M/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#$^/&(^,C`Q,3PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB
M/C(P,3`\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E
M;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR,#`Y/"]B/CPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L
M<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H
M/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S
M:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D5X<&5C
M=&5D('9O;&%T:6QI='D\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXR-RXW/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXR-RXS/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR
M."XS/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^)3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E)I<VL@
M9G)E92!I;G1E<F5S="!R871E/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,RXT/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)3PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXS+C<\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C,N-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B4\+V9O;G0^/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY%>'!E8W1E9"!H;VQD:6YG('!E<FEO9#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8@>65A
M<G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXW('EE87)S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^-R!Y96%R<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1&EV:61E;F0@>6EE;&0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT+C(\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C0N-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M-"XY/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)3PO9F]N=#X\+W`^/"]T
M9#X\+W1R/CPO=&%B;&4^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/E1O=&%L('5N<F5C;V=N:7IE9"!C;VUP96YS871I;VX@97AP96YS92!W
M87,@)#$P,BPP,#`L("0P+"!A;F0@)#`@9F]R('1H92!Y96%R<R!E;F1I;F<@
M1&5C96UB97(@,S$L(#(P,3$L(#(P,3`@86YD(#(P,#DL(')E<W!E8W1I=F5L
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M<R`D-C4Q+#`P,"!B87-E9"!O;B!T:&4@0V]M<&%N>2=S('-T;V-K('!R:6-E
M(&%T($1E8V5M8F5R(#,Q+"`R,#$Q+B!4:&4@:6YT<FEN<VEC('9A;'5E(&]F
M(&]P=&EO;G,@97AE<F-I<V5D(&1U<FEN9R!T:&4@>65A<B!W87,@)#8Q+#`P
M,"P@)#$X,RPP,#`@86YD("0S,"PP,#`@:6X@,C`Q,2P@,C`Q,"!A;F0@,C`P
M.2P@<F5S<&5C=&EV96QY+B!.970@8V%S:"!P<F]C965D<R!F<F]M('1H92!E
M>&5R8VES92!O9B!A;&P@<W1O8VL@;W!T:6]N<R!W97)E("0W,RPP,#`L("0P
M(&%N9"`D,S`L,#`P(&9O<B`R,#$Q+"`R,#$P(&%N9"`R,#`Y+"!R97-P96-T
M:79E;'DN(%1H92!F;VQL;W=I;F<@=&%B;&4@<W5M;6%R:7IE<R!T:&4@<W1A
M='5S(&]F('-T;V-K(&]P=&EO;G,@;W5T<W1A;F1I;F<@870@1&5C96UB97(@
M,S$L(#(P,3$Z/"]F;VYT/CPO<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L
M;'-P86-I;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#$P,"4^#0H\
M='(@<W1Y;&4],T0G9F]N="US:7IE.B`Q<'@[)SX\=&0@=F%L:6=N/3-$8F]T
M=&]M('=I9'1H/3-$-3,E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P
M)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$S
M)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P
M)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY286YG92!O9B!%>&5R8VES92!0
M<FEC97,\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,3X\8CY3:&%R97,\+V(^/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X]
M,T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,3X\8CY796EG:'1E9"!!=F5R86=E/&)R("\^4F5M86EN:6YG/&)R
M("\^3W!T:6]N($QI9F4\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY7
M96EG:'1E9#QB<B`O/D%V97)A9V4\8G(@+SY%>&5R8VES92!0<FEC93PO8CX\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@
M=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#<N,3,@=&\@)#@N-C0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXT-2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ+C0@>65A<G,\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
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M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0X+C8U('1O("0Y
M+CDY/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S,L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-BXP
M('EE87)S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M.2XV-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#$P+C`P('1O("0Q,BXP,#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8Y+#`P,#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4N.2!Y
M96%R<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C$P+CDU/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXD,3(N,#$@=&\@)#$T+C4P/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.#DL.#(P/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-BXR('EE87)S/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30N,38\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/CPO=&%B;&4^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
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M="!R96-E:79E9"!B>2!T:&4@0V]M<&%N>2!W87,@)#(R+#`P,"P@)#,U+#`P
M,"!A;F0@)#`@:6X@,C`Q,2P@,C`Q,"!A;F0@,C`P.2!R97-P96-T:79E;'DN
M(%1H92!T87@@8F5N969I="!A;6]U;G1S(&AA=F4@8F5E;B!C<F5D:71E9"!T
M;R!A9&1I=&EO;F%L('!A:60M:6X@8V%P:71A;"X@/"]F;VYT/CPO<#X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/'4^1&5F97)R960@4W1O
M8VL@3W5T<W1A;F1I;F<\+W4^/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^5&AE(&9O;&QO=VEN9R!T86)L92!S=6UM87)I
M>F5S('1H92!C:&%N9V5S(&EN('1H92!N=6UB97(@;V8@9&5F97)R960@<W1O
M8VL@<VAA<F5S('5N9&5R('1H92!3=&]C:R!0;&%N(&%N9"`R,#$Q($EN8V5N
M=&EV92!0;&%N(&]V97(@=&AE('!E<FEO9"!$96-E;6)E<B`S,2P@,C`Q,"!T
M;R!$96-E;6)E<B`S,2P@,C`Q,3H\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R
M9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H
M/3-$.#`E/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D('9A
M;&EG;CTS1&)O='1O;2!W:61T:#TS1#4Y)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q-"4^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q-"4^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L
M<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0Q/CQB/E-H87)E<SPO8CX\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^
M#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0Q/CQB/E=E:6=H=&5D($%V97)A9V4\8G(@+SY'<F%N="!$871E/&)R("\^
M1F%I<B!686QU93PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E
M<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-
M"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^3W5T<W1A;F1I;F<@)B,X,C$Q.R!$96-E;6)E<B`S,2P@
M,C`Q,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B8C.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
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M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R
M/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E
M>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G
M:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D=R
M86YT960\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ
M,#4L.#,V/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,34N,34\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M
M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM
M<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E9E<W1E
M9#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B@R+#8U-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,34N
M-#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD
M96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG
M:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D9O<F9E:71E
M9#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@S,2PS
M,S`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$U+C(W/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@
M;6%R9VEN+7)I9VAT.B`P:6X[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED
M=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@
M=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D]U
M='-T86YD:6YG("8C.#(Q,3L@1&5C96UB97(@,S$L(#(P,3$\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXW,2PX-#D\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXQ-2XQ-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M/"]T86)L93X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&AE
M(&=R86YT(&1A=&4@9F%I<B!V86QU92!I<R!C86QC=6QA=&5D(&)A<V5D(&]N
M('1H92!#;VUP86YY)W,@8VQO<VEN9R!S=&]C:R!P<FEC92!A<R!O9B!T:&4@
M9W)A;G0@9&%T92X@07,@;V8@1&5C96UB97(@,S$L(#(P,3$L('1H92!T;W1A
M;"!U;G)E8V]G;FEZ960@8V]M<&5N<V%T:6]N(&5X<&5N<V4@<F5L871E9"!T
M;R!T:&4@9&5F97)R960@<W1O8VL@<VAA<F5S('=A<R`D,S`R+#`P,"!A;F0@
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M;W(@,C`Q,2P@,C`Q,"!A;F0@,C`P.2!W87,@)#0T.2PP,#`L("0S.2PP,#`@
M86YD("0S,BPP,#`@8F5F;W)E(&EN8V]M92!T87AE<R!A;F0@)#(Y,BPP,#`L
M("0R-2PP,#`@86YD("0R,"PP,#`@869T97(@:6YC;VUE('1A>&5S+"!R97-P
M96-T:79E;'DN(%-H87)E+6)A<V5D(&-O;7!E;G-A=&EO;B!E>'!E;G-E(&ES
M(')E8V]R9&5D(&%S(&$@<&%R="!O9B!S96QL:6YG+"!G96YE<F%L(&%N9"!A
M9&UI;FES=')A=&EV92!E>'!E;G-E<RX\+V9O;G0^/"]P/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CX\=3Y%;7!L;WEE92!3=&]C:R!0=7)C
M:&%S92!0;&%N/"]U/CPO9F]N=#X\+W`^#0H-"CQP/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/E5N9&5R('1H92!#;VUP86YY)W,@16UP;&]Y964@4W1O
M8VL@4'5R8VAA<V4@4&QA;B`H(D534%`B*2!E;7!L;WEE97,@87)E(&%B;&4@
M=&\@86-Q=6ER92!S:&%R97,@;V8@8V]M;6]N('-T;V-K(&%T(#DP)2!O9B!T
M:&4@<')I8V4@870@=&AE(&5N9"!O9B!E86-H(&-U<G)E;G0@<75A<G1E<FQY
M('!L86X@=&5R;2X@5&AE(&UO<W0@<F5C96YT('1E<FT@96YD960@1&5C96UB
M97(@,S$L(#(P,3$N(%1H92!%4U!0(&ES(&-O;G-I9&5R960@8V]M<&5N<V%T
M;W)Y('5N9&5R(&-U<G)E;G0@<G5L97,N($%T($1E8V5M8F5R(#,Q+"`R,#$Q
M+"!A9G1E<B!G:79I;F<@969F96-T('1O('1H92!S:&%R97,@:7-S=65D(&%S
M(&]F('1H870@9&%T92P@-C8L-#$S('-H87)E<R!R96UA:6X@879A:6QA8FQE
M(&9O<B!P=7)C:&%S92!U;F1E<B!T:&4@15-04"X\+V9O;G0^/"]P/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\=3Y%;7!L;WEE92!3=&]C
M:R!/=VYE<G-H:7`@4&QA;B`H15-/4"D\+W4^/"]F;VYT/CPO<#X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^06QL(&5L:6=I8FQE(&5M<&QO
M>65E<R!O9B!T:&4@0V]M<&%N>2!P87)T:6-I<&%T92!I;B!T:&4@15-/4"!A
M9G1E<B!C;VUP;&5T:6YG(&]N92!Y96%R(&]F('-E<G9I8V4N($-O;G1R:6)U
M=&EO;G,@87)E(&%L;&]C871E9"!T;R!E86-H('!A<G1I8VEP86YT(&)A<V5D
M(&]N(&-O;7!E;G-A=&EO;B!A;F0@=F5S="`S,"4@869T97(@=&AR964@>65A
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M:"`R,#$R+B!4:&4@,C`Q,"!%4T]0(&-O;G1R:6)U=&EO;B!W87,@)#,Q-BPP
M,C<@9F]R('=H:6-H('1H92!#;VUP86YY(&ES<W5E9"`R,BPT.3,@<VAA<F5S
M(&EN(#(P,3$N(%1H92!#;VUP86YY)W,@,C`P.2!%4T]0(&-O;G1R:6)U=&EO
M;B!W87,@)#0W,2PU-C,@9F]R('=H:6-H('1H92!#;VUP86YY(&ES<W5E9"`S
M-RPY,#<@<VAA<F5S(&]F(&-O;6UO;B!S=&]C:R!T;R!T:&4@15-/4"!I;B`R
M,#$P+B`\+V9O;G0^/"]P/B`\+V1I=CX\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@(#PO='(^#0H@("`@/"]T86)L93X-"B`@/"]B;V1Y/@T*/"]H=&UL/@T*
M#0HM+2TM+2T]7TYE>'1087)T7S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F
M8V$X.#ED-&%A9@T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\P-V4U
M965A,%\R,C8X7S0Y93)?.#=A8U]B9F-A.#@Y9#1A868O5V]R:W-H965T<R]3
M:&5E=#$U+FAT;6P-"D-O;G1E;G0M5')A;G-F97(M16YC;V1I;F<Z('%U;W1E
M9"UP<FEN=&%B;&4-"D-O;G1E;G0M5'EP93H@=&5X="]H=&UL.R!C:&%R<V5T
M/2)U<RUA<V-I:2(-"@T*/&AT;6P^#0H@(#QH96%D/@T*("`@(#Q-151!(&AT
M='`M97%U:78],T1#;VYT96YT+51Y<&4@8V]N=&5N=#TS1"=T97AT+VAT;6P[
M(&-H87)S970]=71F+3@G/CQS8W)I<'0@='EP93TS1'1E>'0O:F%V87-C<FEP
M="!S<F,],T13:&]W+FIS/B\J($1O($YO="!296UO=F4@5&AI<R!#;VUM96YT
M("HO/"]S8W)I<'0^/"]H96%D/@T*("`\8F]D>3X-"B`@("`\=&%B;&4@8VQA
M<W,],T1R97!O<G0@:60],T1)1#!%344^#0H@("`@("`\='(^#0H@("`@("`@
M(#QT:"!C;&%S<STS1'1L(&-O;'-P86X],T0Q(')O=W-P86X],T0R/CQS=')O
M;F<^0V]M;6]N(%-T;V-K/&)R/CPO<W1R;VYG/CPO=&@^#0H@("`@("`@(#QT
M:"!C;&%S<STS1'1H(&-O;'-P86X],T0Q/C$R($UO;G1H<R!%;F1E9#PO=&@^
M#0H@("`@("`\+W1R/@T*("`@("`@/'1R/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T:#Y$96,N(#,Q+"`R,#$Q/&)R/CPO=&@^#0H@("`@("`\+W1R/@T*("`@
M("`@/'1R(&-L87-S/3-$<F4^#0H@("`@("`@(#QT9"!C;&%S<STS1'!L('9A
M;&EG;CTS1'1O<#X\<W1R;VYG/D-O;6UO;B!3=&]C:R!;06)S=')A8W1=/"]S
M=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\
M+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R
M;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D-O;6UO
M;B!3=&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S<STS1'1E>'0^/&1I=CX@
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^/'4^/&(^3D]412`Y("8C
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M:79A=&4@=')A;G-A8W1I;VYS+B!!="!$96-E;6)E<B`S,2P@,C`Q,2P@-#@Q
M+#DS."!A9&1I=&EO;F%L('-H87)E<R!C;W5L9"!B92!R97!U<F-H87-E9"!U
M;F1E<B!O=71S=&%N9&EN9R!";V%R9"!A=71H;W)I>F%T:6]N<RX@/"]F;VYT
M/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4TA!4D5(
M3TQ$15(@4DE'2%13(%!,04X\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CY/;B!$96-E;6)E<B`R,RP@,C`P.2!T:&4@0F]A
M<F0@;V8@1&ER96-T;W)S(&%D;W!T960@82!S:&%R96AO;&1E<G,G(')I9VAT
M<R!P;&%N+B!5;F1E<B!T:&ES('!L86XL('1H92!";V%R9"!O9B!$:7)E8W1O
M<G,@9&5C;&%R960@82!D:7-T<FEB=71I;VX@;V8@;VYE(')I9VAT('!E<B!S
M:&%R92!O9B!C;VUM;VX@<W1O8VLN($5A8V@@<FEG:'0@96YT:71L97,@=&AE
M(&AO;&1E<B!T;R!P=7)C:&%S92`Q+S$P,#QS=7`^=&@\+W-U<#X@;V8@82!S
M:&%R92!O9B!A(&YE=R!S97)I97,@;V8@2G5N:6]R(%!A<G1I8VEP871I;F<@
M4')E9F5R<F5D(%-T;V-K(&]F('1H92!#;VUP86YY(&%T(&%N(&EN:71I86P@
M97AE<F-I<V4@<')I8V4@;V8@)#0Q+B!4:&4@<FEG:'1S(&5X<&ER92!O;B!$
M96-E;6)E<B`R,RP@,C`Q.2X@5&AE(')I9VAT<R!W:6QL(&)E8V]M92!E>&5R
M8VES86)L92!O;FQY(&9O;&QO=VEN9R!T:&4@86-Q=6ES:71I;VX@8GD@82!P
M97)S;VX@;W(@9W)O=7`L('=I=&AO=70@=&AE('!R:6]R(&-O;G-E;G0@;V8@
M=&AE($)O87)D(&]F($1I<F5C=&]R<RP@;V8@,38N-24@;W(@;6]R92!O9B!T
M:&4@0V]M<&%N>2=S('9O=&EN9R!S=&]C:RP@;W(@9F]L;&]W:6YG('1H92!A
M;FYO=6YC96UE;G0@;V8@82!T96YD97(@;V9F97(@;W(@97AC:&%N9V4@;V9F
M97(@=&\@86-Q=6ER92!A;B!I;G1E<F5S="!O9B`Q-BXU)2!O<B!M;W)E+B!)
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M<V]N(&]R(&=R;W5P('=O=6QD(&)E8V]M92!V;VED+CPO9F]N=#X\+W`^(#PO
M9&EV/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`\+W1A
M8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X=%!A<G1?
M,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#;VYT96YT
M+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE,E\X-V%C
M7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H965T,38N:'1M;`T*0V]N=&5N
M="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*0V]N=&5N
M="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M
M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M
M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M."<^/'-C
M<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N:G,^+RH@
M1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\+VAE860^
M#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I9#TS1$E$
M,$5-13X-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&P@8V]L
M<W!A;CTS1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY);F-O;64@5&%X97,\8G(^
M/"]S=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@@8V]L<W!A
M;CTS1#$^,3(@36]N=&AS($5N9&5D/"]T:#X-"B`@("`@(#PO='(^#0H@("`@
M("`\='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H/D1E8RX@,S$L(#(P,3$\
M8G(^/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R93X-
M"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/CQS=')O;F<^
M26YC;VUE(%1A>&5S(%M!8G-T<F%C=%T\+W-T<F]N9SX\+W1D/@T*("`@("`@
M("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*("`@("`@("`\=&0@8VQA
M<W,],T1P;"!V86QI9VX],T1T;W`^26YC;VUE(%1A>&5S/"]T9#X-"B`@("`@
M("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CX\=3X\8CY.3U1%(#$P("T@24Y#3TU%(%1!6$53/"]B/CPO
M=3X\+V9O;G0^/"]P/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY);F-O;64@=&%X(&5X<&5N<V4@9G)O;2!C;VYT:6YU:6YG(&]P97)A=&EO
M;G,@8V]N<VES=',@;V8@=&AE(&9O;&QO=VEN9SH\+V9O;G0^/"]P/@T*#0H\
M=&%B;&4@8F]R9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<]
M,T0P('=I9'1H/3-$,3`P)3X-"CQT<B!S='EL93TS1"=F;VYT+7-I>F4Z(#%P
M>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0U-B4^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#,E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0X/@T*#0H\<"!A;&EG
M;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY996%R
M($5N9&5D($1E8V5M8F5R(#,Q/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@8V]L<W!A;CTS1#@^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,3X\8CXR,#$P/"]B/CPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$
M,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#$^/&(^,C`P.3PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C
M96YT97(^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY#=7)R96YT;'D@<&%Y86)L92!I;F-O;64@=&%X97,Z
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL
M93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P
M=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CY&961E<F%L/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU+#8P.2PP,#`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C4L.3`V+#`P,#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,RPW-C8L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S
M='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W
M+C-P=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CY3=&%T93PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C0Q-"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXU.#$L,#`P/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S8R+#`P,#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z
M("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@
M,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1F]R96EG;CPO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$P,RPP,#`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH-3`L,#`P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXH,30L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV
M-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E
M(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q
M,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8L
M,3(V+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C8L-#,W+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C0L,3$T+#`P,#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1E9F5R<F5D(&EN
M8V]M92!T87AE<R`H8F5N969I="DZ/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T
M97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R
M9VEN+7)I9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&
M961E<F%L/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ+#(P-"PP
M,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@U,C(L,#`P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C4U,2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/E-T871E/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^-S(L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*#$P+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S<L,#`P
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N
M=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT
M.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&;W)E:6=N/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M-#(P+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C$T+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C4T+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL
M969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,2PV.38L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*#4Q."PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8T,BPP,#`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^-RPX,C(L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXU+#DQ.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0L
M-S4V+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/CPO=&%B;&4^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/D%U<W1I;B!487EL;W(@0V]M;75N:6-A=&EO
M;G,L($QT9"X@;W!E<F%T97,@:6X@=&AE(%5N:71E9"!+:6YG9&]M("A5+DLN
M*2!A;F0@:7,@<W5B:F5C="!T;R!5+DLN(')A=&AE<B!T:&%N(%4N4RX@:6YC
M;VUE('1A>&5S+B!!=7-T:6X@5&%Y;&]R(&AA9"!P<F5T87@@;&]S<V5S(&]F
M("0Q+#0W-"PP,#`L("0Q+#$Q.2PP,#`@86YD("0Q+#(U,BPP,#`@:6X@,C`Q
M,2P@,C`Q,"!A;F0@,C`P.2!R97-P96-T:79E;'DN($%T('1H92!E;F0@;V8@
M,C`Q,2P@075S=&EN(%1A>6QO<B=S(&YE="!O<&5R871I;F<@;&]S<R!C87)R
M>2UF;W)W87)D('=A<R`D-BPY.#8L,#`P+B`D-38L,#`P(&]F('1H92`R,#$Q
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M=&5N=&EA;"!C87)R>2UF;W)W87)D(&)E;F5F:70N(#PO9F]N=#X\+W`^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/DEN(#(P,#<L(%1R86YS
M:71I;VX@3F5T=V]R:W,@0VAI;F$@8F5G86X@;W!E<F%T:6]N<R!I;B!#:&EN
M82!A;F0@:7,@<W5B:F5C="!T;R!#:&EN97-E('1A>&5S(')A=&AE<B!T:&%N
M(%4N4RX@:6YC;VUE('1A>&5S+B!4<F%N<VET:6]N($YE='=O<FMS($-H:6YA
M(&AA9"!P<F5T87@@:6YC;VUE(&]F("0R-"PP,#`@:6X@,C`Q,2!A;F0@<')E
M=&%X(&QO<W-E<R!O9B`D,3$U+#`P,"!A;F0@)#$Y,"PP,#`@:6X@,C`Q,"!A
M;F0@,C`P.2!R97-P96-T:79E;'DN($%T('1H92!E;F0@;V8@,C`Q,2P@5')A
M;G-I=&EO;B!.971W;W)K<R!#:&EN82=S(&YE="!O<&5R871I;F<@;&]S<R!C
M87)R>2UF;W)W87)D('=A<R`D,2PW,S`L,#`P+B!$=64@=&\@=&AE(&AI<W1O
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M87)R>2UF;W)W87)D(&)E;F5F:70N(#PO9F]N=#X\+W`^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/E-U='1L92!#;W-T82!2:6-A+"!3+D$N
M(&]P97)A=&5S(&EN($-O<W1A(%)I8V$@86YD(&ES('-U8FIE8W0@=&\@0V]S
M=&$@4FEC82!I;F-O;64@=&%X97,N($EN(#(P,#4L('1H92!";V%R9"!O9B!$
M:7)E8W1O<G,@;V8@4W5T=&QE($-O<W1A(%)I8V$@4RX@02X@9&5C;&%R960@
M82!D:79I9&5N9"!I;B!T:&4@86UO=6YT(&]F("0S+#4P,"PP,#`@<&%Y86)L
M92!T;R!T:&4@0V]M<&%N>2X@5&AE(&1I=FED96YD(&%N9"!R96QA=&5D(")D
M:79I9&5N9"!R96EN=F5S=&UE;G0@<&QA;B(@<75A;&EF>2!U;F1E<B!);G1E
M<FYA;"!2979E;G5E($-O9&4@4V5C+B`Y-C4L('=H:6-H(&%L;&]W<R!T:&4@
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M,C`P-BX@270@:7,@=&AE($-O;7!A;GDG<R!I;G1E;G1I;VX@=&\@;6%I;G1A
M:6X@=&AE(')E;6%I;FEN9R!U;F1I<W1R:6)U=&5D(&5A<FYI;F=S(&EN(&ET
M<R!#;W-T82!2:6-A('-U8G-I9&EA<GD@=&\@<W5P<&]R="!C;VYT:6YU960@
M;W!E<F%T:6]N<R!T:&5R92X@3F\@9&5F97)R960@=&%X97,@:&%V92!B965N
M('!R;W9I9&5D(&9O<B!T:&4@=6YD:7-T<FEB=71E9"!E87)N:6YG<RX@/"]F
M;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4W5T
M=&QE($-O<W1A(%)I8V$@:&%D('!R971A>"!I;F-O;64@;V8@)#$U-2PP,#`@
M86YD("0X,"PP,#`@:6X@,C`Q,2!A;F0@,C`Q,"!R97-P96-T:79E;'D@86YD
M('!R971A>"!L;W-S(&]F("0U,3DL,#`P(&EN(#(P,#DN($%T('1H92!E;F0@
M;V8@,C`Q,2P@4W5T=&QE($-O<W1A(%)I8V$G<R!N970@;W!E<F%T:6YG(&QO
M<W,@8V%R<GDM9F]R=V%R9"!W87,@)#4Q.2PP,#`N(%1H92!#;W-T82!2:6-A
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M/"]P/@T*#0H\=&%B;&4@8F]R9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L
M;'!A9&1I;F<],T0P('=I9'1H/3-$,3`P)3X-"CQT<B!S='EL93TS1"=F;VYT
M+7-I>F4Z(#%P>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0U-B4^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#,E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#,E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#,E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,3`E/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0X/@T*#0H\<"!A;&EG;CTS1&-E
M;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY996%R($5N9&5D
M($1E8V5M8F5R(#,Q/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#@^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS
M1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR
M,#$P/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT
M97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^,C`P.3PO8CX\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P
M86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS
M1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L
M:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$
M;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY487@@870@
M52Y3+B!S=&%T=71O<GD@<F%T93PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C,U+C`\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C,U+C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C,U+C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M4W5R=&%X(&5X96UP=&EO;CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B@P+C,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@P+C8\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B@P+CD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXI/"]F;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^4W1A=&4@:6YC;VUE('1A>&5S+"!N970@;V8@9F5D
M97)A;"!B96YE9FET/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,2XY/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^,BXT/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,BXU/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY&;W)E:6=N
M(&EN8V]M92!T87AE<RP@;F5T(&]F(&9O<F5I9VX@=&%X(&-R961I=',\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT+C<\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR+C<\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H
M=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT+CD\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R(&)G8V]L;W(],T0C9#9F,V4X/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/DEM<&%I
M<FUE;G0@;V8@9V]O9'=I;&P\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXR+C4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^3W1H97(\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXN-CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B@Q+C8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(N-3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N
M/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S
M:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@
M86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4]
M,T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R(&)G8V]L;W(],T0C
M9#9F,V4X/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/D5F9F5C=&EV92!T87@@<F%T93PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0T+C0\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C,W+CD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXE/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0T+C`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXE/"]F;VYT/CPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N
M=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O
M/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/CPO=&%B;&4^/&)R("\^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1E9F5R<F5D('1A>"!A<W-E=',@
M86YD(&QI86)I;&ET:65S(&%S(&]F($1E8V5M8F5R(#,Q(')E;&%T960@=&\@
M=&AE(&9O;&QO=VEN9SH\+V9O;G0^/"]P/@T*#0H\=&%B;&4@8F]R9&5R/3-$
M,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I;F<],T0P('=I9'1H/3-$.#4E
M/@T*/'1R('-T>6QE/3-$)V9O;G0M<VEZ93H@,7!X.R<^/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#8U)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@]
M,T0Q,24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,R4^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@]
M,T0Q,24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS
M1#(^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR
M,#$P/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$
M,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E
M(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CY$969E<G)E9"!T87@@87-S971S.CPO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T
M.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D%L;&]W86YC92!F;W(@9&]U8G1F
M=6P@86-C;W5N=',\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4X+#`P,#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,3@T+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL
M969T.B`Q-RXS<'0[(&UA<F=I;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^26YV96YT;W)Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,BPV,3$L,#`P/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,RPS-#<L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN
M9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I
M9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY!8V-R=65D
M(&%N9"!P<F5P86ED(&5X<&5N<V5S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^-S8R+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/CDS.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F
M=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/D1O;65S=&EC(&YE="!O<&5R871I;F<@;&]S<R!C87)R
M>2UF;W)W87)D/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,3@V+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C(V-2PP,#`\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G
M:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/DQO;F<M=&5R;2!C;VUP96YS871I;VX@<&QA
M;G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR.3@L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S,X
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR
M:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^3F]N96UP
M;&]Y964@9&ER96-T;W(@<W1O8VL@8V]M<&5N<V%T:6]N/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3(X+#`P,#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C<Q+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^
M#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X
M="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I
M;BUR:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^3W1H
M97(@<W1O8VL@8V]M<&5N<V%T:6]N/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,3(R+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/B8C.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F
M=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/E-T871E(&EN8V]M92!T87AE<SPO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8S+#`P,#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4X
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G=&5X="UI
M;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`Q-RXS<'0[(&UA<F=I;BUR
M:6=H=#H@,&EN.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1F]R96EG
M;B!N970@;W!E<F%T:6YG(&QO<W,@8V%R<GDM9F]R=V%R9',@86YD(&-R961I
M=',\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR+#8R
M-2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR
M+#8V,"PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T
M.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY'
M<F]S<R!D969E<G)E9"!T87@@87-S971S/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-BPX-3,L,#`P/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-RPX-C(L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN
M9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I
M9VAT.B`P:6X[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY686QU871I
M;VX@86QL;W=A;F-E/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*#(L-C(T+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#(L,C$V
M+#`P,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL
M93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#$W+C-P
M=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@
M=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS
M1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE
M/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S
M:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^3F5T(&1E9F5R<F5D('1A>"!A<W-E
M=',\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXT+#(R.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXU+#8T-BPP,#`\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@
M;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY$969E<G)E9"!T
M87@@;&EA8FEL:71I97,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P
M=#L@;6%R9VEN+6QE9G0Z(#$W+C-P=#L@;6%R9VEN+7)I9VAT.B`P:6X[)SX\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY$97!R96-I871I;VX\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,2PU
M-S<L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH,2PS-S,L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M
M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/DEN=&%N9VEB;&4@87-S971S/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#8W-"PP,#`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B@S.#@L,#`P/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV
M-7!T.R!M87)G:6XM;&5F=#H@,3<N,W!T.R!M87)G:6XM<FEG:'0Z(#!I;CLG
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR
M("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D
M93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CY'<F]S<R!D969E<G)E9"!T87@@;&EA8FEL:71Y/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#(L,C4Q+#`P,#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#$L-S8Q+#`P,#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O
M;G0^/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@
M;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P
M,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&]T86P@;F5T(&1E
M9F5R<F5D('1A>"!A<W-E=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,2PY-S@L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXS+#@X-2PP,#`\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG
M;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO
M<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A
M;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS
M1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\
M:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H
M861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^/"]T86)L93X\8G(@+SX-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^07,@<&%R="!O9B!P<F5V
M:6]U<R!A8W%U:7-I=&EO;G,L('1H92!#;VUP86YY('!U<F-H87-E9"!N970@
M;W!E<F%T:6YG(&QO<W,@8V%R<GDM9F]R=V%R9',@:6X@=&AE(&%M;W5N="!O
M9B`D,RPW.3`L,#`P+B!!="!$96-E;6)E<B`S,2P@,C`Q,2P@=&AE($-O;7!A
M;GD@:&%D("0U,S$L,#`P(')E;6%I;FEN9R!N970@;W!E<F%T:6YG(&QO<W,@
M8V%R<GDM9F]R=V%R9',@9F]R(&EN8V]M92!T87@@<'5R<&]S97,@=VAI8V@@
M97AP:7)E(&EN(#(P,30N(%5T:6QI>F%T:6]N(&]F(&YE="!O<&5R871I;F<@
M;&]S<R!C87)R>2UF;W)W87)D<R!I<R!L:6UI=&5D('1O("0R,C@L,#`P('!E
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M;W=S.CPO9F]N=#X\+W`^#0H-"CQT86)L92!B;W)D97(],T0P(&-E;&QS<&%C
M:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0Y,"4@86QI9VX],T1C
M96YT97(^#0H\='(@<W1Y;&4],T0G9F]N="US:7IE.B`Q<'@[)SX\=&0@=F%L
M:6=N/3-$8F]T=&]M('=I9'1H/3-$-3(E/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0S)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS
M<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#$^/&(^,C`Q,3PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-
M"CQP(&%L:6=N/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q
M/CQB/C(P,3`\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS
M1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CXR,#`Y/"]B
M/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M8V]L<W!A;CTS1#(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I
M9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"CQH
M<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA
M9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*/&AR("!A;&EG;CTS1&-E;G1E
M<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-
M"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY5;G)E8V]G
M;FEZ960@=&%X(&)E;F5F:71S("8C.#(Q,3L@2F%N=6%R>2`Q/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXR-S`L,#`P/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXS-#DL,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXS.#`L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY'<F]S<R!I;F-R96%S97,@+2!T
M87@@<&]S:71I;VYS(&EN('!R:6]R('!E<FEO9#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXP/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^1W)O<W,@9&5C<F5A<V5S("T@=&%X('!O
M<VET:6]N<R!I;B!P<FEO<B!P97)I;V0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/D=R;W-S(&EN8W)E87-E<R`M(&-U<G)E;G0@<&5R:6]D('1A>"!P;W-I=&EO
M;G,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXW+#`P
M,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C<L,#`P
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-C8L,#`P
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CY%>'!I<F%T:6]N(&]F('-T871U=&4@;V8@;&EM:71A=&EO;G,\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXH-#,L,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH.#8L
M,#`P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH.3<L,#`P/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO
M9F]N=#X\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@;F]S
M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W:61T:#TS1#$P,"4@
M;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@]
M,T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED
M=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CY5;G)E8V]G;FEZ960@=&%X(&)E;F5F:71S("8C.#(Q,3L@
M1&5C96UB97(@,S$L(#(P,3$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(S-"PP
M,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(W,"PP,#`\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C,T.2PP,#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$
M,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE
M/3-$,R!W:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I
M>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H\:'(@(&%L:6=N/3-$8V5N=&5R
M('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"CQH<B`@86QI9VX],T1C
M96YT97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E
M("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX\+W1A8FQE/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CY);F-L=61E9"!I;B!T:&4@8F%L86YC92!O9B!U;G)E8V]G
M;FEZ960@=&%X(&)E;F5F:71S(&%T($1E8V5M8F5R(#,Q+"`R,#$Q(&%R92`D
M,S0R+#`P,"!O9B!T87@@8F5N969I=',@=&AA="!I9B!R96-O9VYI>F5D('=O
M=6QD(&%F9F5C="!T:&4@=&%X(')A=&4N(%1H92!#;VUP86YY)W,@=6YR96-O
M9VYI>F5D('1A>"!B96YE9FET<R!C;W5L9"!B92!R961U8V5D(&)Y("0X,2PP
M,#`@:6X@=&AE(&YE>'0@='=E;'9E(&UO;G1H<R!D=64@=&\@<W1A='5T92!O
M9B!L:6UI=&%T:6]N<R!E>'!I<F%T:6]N<RX@5&AE($-O;7!A;GDG<R!I;F-O
M;64@=&%X(&QI86)I;&ET>2!A8V-O=6YT<R!I;F-L=61E9"!A8V-R=6%L<R!F
M;W(@:6YT97)E<W0@86YD('!E;F%L=&EE<R!O9B`D,3<R+#`P,"!A="!$96-E
M;6)E<B`S,2P@,C`Q,2X@5&AE($-O;7!A;GDG<R`R,#$Q(&EN8V]M92!T87@@
M97AP96YS92!W87,@9&5C<F5A<V5D(&)Y("0R,S8L,#`P(&1U92!T;R!N970@
M9&5C<F5A<V5S(&9O<B!A8V-R=65D(&EN=&5R97-T(&%N9"!P96YA;'1I97,N
M/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
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M=#X\+W`^(#PO9&EV/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-
M"B`@("`\+W1A8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?
M3F5X=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F
M#0I#;VYT96YT+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?
M-#EE,E\X-V%C7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H965T,3<N:'1M
M;`T*0V]N=&5N="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L
M90T*0V]N=&5N="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI
M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS
M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU
M=&8M."<^/'-C<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H
M;W<N:G,^+RH@1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP
M=#X\+VAE860^#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R
M="!I9#TS1$E$,$5-13X-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S
M/3-$=&P@8V]L<W!A;CTS1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY);F9O<FUA
M=&EO;B!#;VYC97)N:6YG($EN9'5S=')Y(%-E9VUE;G1S($%N9"!-86IO<B!#
M=7-T;VUE<G,\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S
M/3-$=&@@8V]L<W!A;CTS1#$^,3(@36]N=&AS($5N9&5D/"]T:#X-"B`@("`@
M(#PO='(^#0H@("`@("`\='(^#0H@("`@("`@(#QT:"!C;&%S<STS1'1H/D1E
M8RX@,S$L(#(P,3$\8G(^/"]T:#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@
M8VQA<W,],T1R93X-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$
M=&]P/CQS=')O;F<^26YF;W)M871I;VX@0V]N8V5R;FEN9R!);F1U<W1R>2!3
M96=M96YT<R!!;F0@36%J;W(@0W5S=&]M97)S(%M!8G-T<F%C=%T\+W-T<F]N
M9SX\+W1D/@T*("`@("`@("`\=&0@8VQA<W,],T1T97AT/CQS<&%N/CPO<W!A
M;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')O/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^26YF;W)M871I
M;VX@0V]N8V5R;FEN9R!);F1U<W1R>2!396=M96YT<R!!;F0@36%J;W(@0W5S
M=&]M97)S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\=3X\8CY.3U1%(#$Q+2!)
M3D9/4DU!5$E/3B!#3TY#15).24Y'($E.1%535%)9(%-%1TU%3E13($%.1"!-
M04I/4B!#55-43TU%4E,\+V(^/"]U/CPO9F]N=#X\+W`^#0H-"CQP/CQF;VYT
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M="!S97)V97)S.R!*1$P@5&5C:&YO;&]G:65S+"`H2D1,*2P@=VAI8V@@<')O
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M9V]R:7IE9"!A<R`B3W1H97(B(&EN('1H92!#;VUP86YY)W,@<V5G;65N="!R
M97!O<G1I;F<N($UA;F%G96UE;G0@:&%S(&-H;W-E;B!T;R!O<F=A;FEZ92!T
M:&4@96YT97)P<FES92!A;F0@9&ES8VQO<V4@<F5P;W)T86)L92!S96=M96YT
M<R!B87-E9"!O;B!P<F]D=6-T<R!A;F0@<V5R=FEC97,N(%1H97)E(&%R92!N
M;R!M871E<FEA;"!I;G1E<G-E9VUE;G0@<F5V96YU97,N/"]F;VYT/CPO<#X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4W5T=&QE('!R;V1U
M8W1S(&%R92!S;VQD('!R:6YC:7!A;&QY('1O(%4N4RX@8W5S=&]M97)S+B!3
M=71T;&4@;W!E<F%T97,@;6%N=69A8W1U<FEN9R!F86-I;&ET:65S(&EN('1H
M92!5+E,N(&%N9"!#;W-T82!2:6-A+B!.970@;&]N9RUL:79E9"!A<W-E=',@
M:&5L9"!I;B!F;W)E:6=N(&-O=6YT<FEE<R!W97)E(&%P<')O>&EM871E;'D@
M)#@S,2PP,#`@86YD("0U,#8L,#`P(&%T($1E8V5M8F5R(#,Q+"`R,#$Q(&%N
M9"`R,#$P+"!R97-P96-T:79E;'DN(%1R86YS:71I;VX@3F5T=V]R:W,@;6%N
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M('=E<F4@87!P<F]X:6UA=&5L>2`X-24L(#@Q)2!A;F0@.#(E(&]F('-A;&5S
M(&9R;VT@8V]N=&EN=6EN9R!O<&5R871I;VYS(&EN(#(P,3$L(#(P,3`@86YD
M(#(P,#D@<F5S<&5C=&EV96QY+B!);B`R,#$Q+"!S86QE<R!T;R!O;F4@;V8@
M5')A;G-I=&EO;B!.971W;W)K<R<@8W5S=&]M97)S(&%C8V]U;G1E9"!F;W(@
M,C(N."4@;V8@8V]N<V]L:61A=&5D('-A;&5S+B!);B`R,#$P+"!S86QE<R!T
M;R!T=V\@;V8@5')A;G-I=&EO;B!.971W;W)K<R<@8W5S=&]M97)S(&%C8V]U
M;G1E9"!F;W(@,34N,24@86YD(#$R+C`E(&]F(&-O;G-O;&ED871E9"!S86QE
M<R!A;F0@;VYE(&]F($I$3"!496-H;F]L;V=I97,G(&-U<W1O;65R<R!A8V-O
M=6YT960@9F]R(#$P+C,E(&]F(&-O;G-O;&ED871E9"!S86QE<RX@26X@,C`P
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M($1E8V5M8F5R(#,Q+"`R,#$Q+"`R,#$P(&%N9"`R,#`Y(&ES(&%S(&9O;&QO
M=W,Z/"]F;VYT/CPO<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P86-I
M;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#$P,"4^#0H\='(@<W1Y
M;&4],T0G9F]N="US:7IE.B`Q<'@[)SX\=&0@=F%L:6=N/3-$8F]T=&]M('=I
M9'1H/3-$,C`E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#@E/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,"4^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0X)3X-"@T*/'`@
M86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#@E/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^4W5T=&QE/"]B/CPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C
M;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#$^/&(^5')A;G-I=&EO;CQB<B`O/DYE='=O<FMS/"]B
M/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^2D1,/&)R("\^5&5C:&YO;&]G
M:65S/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT
M97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^075S=&EN/&)R("\^
M5&%Y;&]R/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY/=&AE<CPO
M8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^5&]T86P\+V(^/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1C96YT97(^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXR,#$Q/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-
M"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CY386QE<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S8L
M-C,V+#DQ-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.3$L-#4P+#`Q-#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,3(L-#`P+#4U,SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,RPR.#<L-38Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXF(S@R,3([
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ-#,L-S<U+#`U,3PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^0V]S
M="!O9B!S86QE<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C(W+#,V-2PT.#D\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT-BPX,C4L,30Y/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-RPR-C(L
M,#`V/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,RPT,C<L,C@P/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C@T+#@W.2PY,C0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
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M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXY+#(W,2PT,C8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXT-"PV,C0L.#8U/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^-2PQ,S@L-30W/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#$S.2PW,3$\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B8C.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXU."PX.34L,3(W/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
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M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-BPX.3<L
M-C<R/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,C,L-S,P+#<R.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C$L.3@R+#,U,SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$L,S(P+#`Y-#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8L
M,3<W+#,W,SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C0P+#$P."PR,C$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@
M."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^26UP86ER;65N
M=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$L,C<Q
M+#DX-CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B8C.#(Q
M,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXF(S@R
M,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXQ+#(W,2PY.#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@
M=F%L:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,2!W
M:61T:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^/"]T<CX-
M"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE
M9G0Z(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D]P97)A
M=&EN9R!I;F-O;64@*&QO<W,I/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXQ+#$P,2PW-C@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
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M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L
M,34V+#$Y-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#$L-#4Y
M+#@P-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/BD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXH-BPQ-S<L,S<S/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C$W+#4Q-"PY,C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\
M+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
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M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T
M<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T
M97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1E<')E8VEA=&EO;B!A;F0@86UO
M<G1I>F%T:6]N/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXY,#8L,#`T/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXW-34L-S@Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXQ,#8L-C(R/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT,"PR-3(\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C(Y,BPP-C@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C(L,3`P+#<S-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M=&]P/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV
M-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD
M96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^0V%P:71A;"!E>'!E;F1I='5R97,\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/CDS-2PP,S`\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C$L,#(X+#DT,3PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^-3$L-S@Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXW-#`L,C,Q/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR+#<U
M-2PY.3$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*
M/'1R/CQT9"!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
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M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=T97AT+6EN9&5N=#H@
M+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/D%S<V5T<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C4L
M-3$R+#DW.#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S,L-3@Y+#`X,SPO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,2PX-#0L-3<R/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXR+#0P,2PS,C,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C4S+#,Q,"PY
M-C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$Q-BPV-3@L.3$V/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$=&]P/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X
M+C8U<'0[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO
M='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4],T0G
M=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[)SXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$
M,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#$^/&(^4W5T=&QE/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@
M86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^
M5')A;G-I=&EO;CQB<B`O/DYE='=O<FMS/"]B/CPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N=&5R/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$
M,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#$^/&(^2D1,/&)R("\^5&5C:&YO;&]G:65S/"]B/CPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS
M<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#$^/&(^075S=&EN/&)R("\^5&%Y;&]R/"]B/CPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,3X\8CY/=&AE<CPO8CX\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#$^/&(^5&]T86P\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT
M<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!S='EL93TS1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z
M(#@N-C5P=#LG/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(P,3`\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM
M;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^4V%L
M97,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,V+#4V,2PV-CD\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C8W+#<X,BPT.#(\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/C$R+#<Q,BPR-#0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L,#$U+#DQ-3PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,3(P+#`W,BPS,3`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T
M>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV
M-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^0V]S="!O9B!S86QE
M<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C(V+#@X,"PV-C<\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXS,2PX,C8L,38Y/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-RPQ,S(L,C8S/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,RPP
M,S(L-3<Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C8X+#@W,2PV-S@\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1T;W`^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*/&AR("!A
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M/D=R;W-S('!R;V9I=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/CDL-C@Q+#`P,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/C,U+#DU-BPS,3,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXU+#4W.2PY.#$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXH,38L-C8T/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXF(S@R,3([/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^-3$L,C`P+#8S,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[
M)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY396QL:6YG+"!G96YE<F%L
M(&%N9"!A9&UI;FES=')A=&EV92!E>'!E;G-E<SPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8L-C,X+#$V,SPO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(Q
M+#0U.2PR,30\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXQ+#0W,"PP.#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ+#`X-"PS-#4\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT+#DS-"PT-#`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXS-2PU.#8L,C0X/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS
M1"=T97AT+6EN9&5N=#H@+3@N-C5P=#L@;6%R9VEN+6QE9G0Z(#@N-C5P=#LG
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/DEM<&%I<FUE;G0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)B,X
M,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O
M<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@
M(&%L:6=N/3-$8V5N=&5R('-I>F4],T0Q('=I9'1H/3-$,3`P)2!N;W-H861E
M/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M
M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^3W!E<F%T:6YG(&EN8V]M92`H;&]S<RD\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L,#0R+#@S.3PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,30L-#DW+#`Y.3PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-"PQ,#DL.#DU/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CXH,2PQ,#$L,#`Y/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B@T+#DS-"PT-#`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,34L-C$T+#,X-#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M=&]P/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^
M#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N
M;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV
M-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G
M:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M1&5P<F5C:6%T:6]N(&%N9"!A;6]R=&EZ871I;VX\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C@S,"PY.#8\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8P-"PX-S,\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C$P,BPX-3`\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C(U+#$Y-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,CDT+#DW.#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^,2PX-3@L.#@Q/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$=&]P/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ
M93TS1#,@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D
M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@<W1Y;&4]
M,T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X+C8U<'0[
M)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T
M.B`X+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY#87!I=&%L
M(&5X<&5N9&ET=7)E<SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M-S0Q+#@R,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-C@P+#@Q
M.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3DW+#<X-#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.2PX-30\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
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M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C$L-SDT+#0R,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H\:'(@(&%L:6=N/3-$
M8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D
M92`O/@T*/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F
M=#H@."XV-7!T.R<^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE
M/3-$)W1E>'0M:6YD96YT.B`M."XV-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T
M.R<^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^07-S971S/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXQ.2PS-3<L-38Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXS,BPS.#,L-S`Y/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX]
M,T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXS+#0Y,RPW,3<\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C(L-#`V+#DS.3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^-3$L-#(X+#(Y,SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3`Y
M+#`W,"PR,C<\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O
M<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*
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M:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^/"]T<CX\+W1A8FQE/CQB<B`O/@T*
M#0H\=&%B;&4@8F]R9&5R/3-$,"!C96QL<W!A8VEN9STS1#`@8V5L;'!A9&1I
M;F<],T0P('=I9'1H/3-$,3`P)3X-"CQT<B!S='EL93TS1"=F;VYT+7-I>F4Z
M(#%P>#LG/CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0R,"4^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS
M1#(E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT@=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$
M,B4^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;2!W:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT@=VED=&@],T0Y)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0R
M)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#(E
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@
M=VED=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M('=I9'1H/3-$.24^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$,B4^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W
M:61T:#TS1#$E/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT@=VED=&@],T0Y)3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0R)3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M('=I
M9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;2!W:61T:#TS1#DE/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,3X\8CY3=71T;&4\+V(^/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT
M97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P
M86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,3X\8CY4<F%N<VET:6]N/&)R("\^3F5T=V]R:W,\+V(^/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,3X\8CY*1$P\8G(@+SY496-H;F]L;V=I97,\
M+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY!=7-T:6X\8G(@+SY487EL
M;W(\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/D]T:&5R/"]B/CPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CX\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY4;W1A;#PO8CX\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(P
M,#D\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/E-A;&5S
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXT,BPX-C8L.30W/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXU-2PP.3@L,S0V/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXX
M+#<V-2PT,34\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L,#8Q+#0Y.3PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,3`Y+#<Y,BPR,#<\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/D-O<W0@;V8@<V%L97,\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXS,RPP.34L
M-C<S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,C4L-S8X+#@V-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C8L,#$Q+#DQ.#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L,#8W+#$P,3PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B8C
M.#(Q,CL\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXV-RPY-#,L-34W/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$=&]P/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT
M97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^
M#0H\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^1W)O<W,@<')O9FET/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^.2PW-S$L,C<T/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,CDL,S(Y+#0X
M,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C(L-S4S
M+#0Y-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B@U
M+#8P,CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)B,X,C$R.SPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C0Q+#@T."PV-3`\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)W1E>'0M:6YD96YT.B`M."XV
M-7!T.R!M87)G:6XM;&5F=#H@."XV-7!T.R<^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^4V5L;&EN9RP@9V5N97)A;"!A;F0@861M:6YI<W1R871I=F4@
M97AP96YS97,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXV+#`U-"PQ-S`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXQ.2PS-S$L,3(P/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,2PR.3@L-SDP
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,2PP,3(L,3DT/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,RPV.3<L.#(S/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,S$L-#,T+#`Y-SPO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M26UP86ER;65N=#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG
M;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$Y-BPP,C`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/C$Y-BPP,C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI
M9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P
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M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,RPW,3<L,3`T/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXY+#DU."PS-C$\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E
M."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C$L-#4T+#<P-SPO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^*#$L,C$S+#@Q-CPO9F]N=#X\+W`^/"]T9#X-
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M/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXH
M,RPV.3<L.#(S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$P+#(Q."PU,S,\+V9O;G0^/"]P
M/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX]
M,T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O
M<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$=&]P/@T*
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M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M<W1Y;&4],T0G=&5X="UI;F1E;G0Z("TX+C8U<'0[(&UA<F=I;BUL969T.B`X
M+C8U<'0[)SX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY$97!R96-I871I
M;VX@86YD(&%M;W)T:7IA=&EO;CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-C4Q
M+#0P-SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-3<Y+#@Q-CPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,34U+#<T-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-S8L
M-#DU/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXR,S0L.#4Y/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXQ+#8Y."PS,C$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!V86QI9VX],T1T;W`^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*/&AR("!A;&EG;CTS1&-E;G1E<B!S:7IE/3-$,R!W:61T
M:#TS1#$P,"4@;F]S:&%D93TS1&YO<VAA9&4@+SX-"CPO=&0^/"]T<CX-"CQT
M<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^0V%P:71A;"!E>'!E;F1I='5R97,\+V9O;G0^/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4]
M,T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C(L-C8W+#DQ-CPO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,S4U+#$R.3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,S<L,#(V/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXQ,30L,34S/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*
M/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXV,RPS
M,S0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C,L,C,W+#4U.#PO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$=&]P/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX]
M,T1T;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$
M,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/@T*/'1R/CQT
M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H
M=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY!<W-E=',\+V9O
M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C(Q+#$Q,"PV,C0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I
M>F4],T0R/C(Y+#8T,"PS-C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C$L-30X
M+#DS,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-"PP-#0L-S0V/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S
M<STS1%]M="!S:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXT-BPU-CDL,#,T/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE
M/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$
M,CXQ,#(L.3$S+#8Y-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D('9A
M;&EG;CTS1'1O<#X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$=&]P/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X-"CQT9"!V86QI9VX],T1T
M;W`^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4],T0S('=I9'1H/3-$,3`P
M)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\+W1R/CPO=&%B;&4^(#PO
M9&EV/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`\+W1A
M8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X=%!A<G1?
M,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#;VYT96YT
M+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE,E\X-V%C
M7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+U-H965T,3@N:'1M;`T*0V]N=&5N
M="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*0V]N=&5N
M="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M
M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M
M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M."<^/'-C
M<FEP="!T>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N:G,^+RH@
M1&\@3F]T(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\+VAE860^
M#0H@(#QB;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I9#TS1$E$
M,$5-13X-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&P@8V]L
M<W!A;CTS1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY&86ER(%9A;'5E($UE87-U
M<F5M96YT<SQB<CX\+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,]
M,T1T:"!C;VQS<&%N/3-$,3XQ,B!-;VYT:',@16YD960\+W1H/@T*("`@("`@
M/"]T<CX-"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^1&5C
M+B`S,2P@,C`Q,3QB<CX\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C
M;&%S<STS1')E/@T*("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T
M;W`^/'-T<F]N9SY&86ER(%9A;'5E($UE87-U<F5M96YT<R!;06)S=')A8W1=
M/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A
M;CX\+W-P86X^/"]T9#X-"B`@("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,]
M,T1R;SX-"B`@("`@("`@/'1D(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/D9A
M:7(@5F%L=64@365A<W5R96UE;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S
M/3-$=&5X=#X\9&EV/B`\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CX\
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M;65A<W5R96UE;G0@9&%T93H@/"]F;VYT/CPO<#X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^3&5V96P@,2`F(S@R,3$[($]B<V5R=F%B;&4@
M:6YP=71S('1H870@<F5F;&5C="!U;F%D:G5S=&5D('%U;W1E9"!P<FEC97,@
M9F]R(&ED96YT:6-A;"!A<W-E=',@;W(@;&EA8FEL:71I97,@:6X@86-T:79E
M(&UA<FME=',@=&AA="!T:&4@0V]M<&%N>2!H87,@=&AE(&%B:6QI='D@=&\@
M86-C97-S(&%T('1H92!M96%S=7)E;65N="!D871E+B`\+V9O;G0^/"]P/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY,979E;"`R("8C.#(Q
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M;W)W87)D('!R:6-E<R!A;F0@=F]L871I;&ET:65S+CPO9F]N=#X\+W`^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/DQE=F5L(#,@)B,X,C$Q
M.R!3:6=N:69I8V%N="!I;G!U=',@=&\@<')I8VEN9R!T:&%T(&AA=F4@;&ET
M=&QE(&]R(&YO(&]B<V5R=F%B:6QI='D@87,@;V8@=&AE(')E<&]R=&EN9R!D
M871E+B!4:&4@='EP97,@;V8@87-S971S(&%N9"!L:6%B:6QI=&EE<R!I;F-L
M=61E9"!I;B!,979E;"`S(&%R92!T:&]S92!W:71H(&EN<'5T<R!R97%U:7)I
M;F<@<VEG;FEF:6-A;G0@;6%N86=E;65N="!J=61G;65N="!O<B!E<W1I;6%T
M:6]N+"!S=6-H(&%S('1H92!C;VUP;&5X(&%N9"!S=6)J96-T:79E(&UO9&5L
M<R!A;F0@9F]R96-A<W1S('5S960@=&\@9&5T97)M:6YE('1H92!F86ER('9A
M;'5E(&]F(&9I;F%N8VEA;"!I;G-T<G5M96YT<RX@/"]F;VYT/CPO<#X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^5&AE($-O;7!A;GDG<R!A
M<W-E=',@86YD(&QI86)I;&ET:65S('1H870@87)E(&UE87-U<F5D(&%T(&9A
M:7(@=F%L=64@;VX@82!R96-U<G)I;F<@8F%S:7,@87,@;V8@1&5C96UB97(@
M,S$L(#(P,3$@86YD($1E8V5M8F5R(#,Q+"`R,#$P+"!R97-P96-T:79E;'DL
M(&EN8VQU9&4@;6]N97D@;6%R:V5T(&9U;F1S('=I=&AI;B!C87-H(&5Q=6EV
M86QE;G1S(&]F("0X,S`L,#`P(&%N9"`D.2PV,C0L,#`P(&-L87-S:69I960@
M87,@;&5V96P@;VYE('=I=&AI;B!T:&4@:&EE<F%R8VAY(&%N9"!C97)T:69I
M8V%T92!O9B!D97!O<VET<R!W:71H:6X@:6YV97-T;65N=',@;V8@)#(S+#4Q
M.2PP,#`@86YD("0R-BPR.#<L,#`P(&-L87-S:69I960@87,@;&5V96P@='=O
M+B!4:&4@0V]M<&%N>2!D;V5S(&YO="!H879E(&%N>2!A<W-E=',@;W(@;&EA
M8FEL:71I97,@8VQA<W-I9FEE9"!A<R!L979E;"!T:')E92!W:71H:6X@=&AE
M(&AI97)A<F-H>2P@;W1H97(@=&AA;B!T:&4@<&5N<VEO;B!A<W-E=',@86QR
M96%D>2!D:7-C=7-S960@:6X@3F]T92`V+CPO9F]N=#X\+W`^(#PO9&EV/CQS
M<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@/"]T<CX-"B`@("`\+W1A8FQE/@T*
M("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM+2TM+3U?3F5X=%!A<G1?,#=E-65E
M83!?,C(V.%\T.64R7S@W86-?8F9C83@X.60T86%F#0I#;VYT96YT+4QO8V%T
M:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P7S(R-CA?-#EE,E\X-V%C7V)F8V$X
M.#ED-&%A9B]7;W)K<VAE971S+U-H965T,3DN:'1M;`T*0V]N=&5N="U4<F%N
M<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R:6YT86)L90T*0V]N=&5N="U4>7!E
M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@
M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C
M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA<G-E=#UU=&8M."<^/'-C<FEP="!T
M>7!E/3-$=&5X="]J879A<V-R:7!T('-R8STS1%-H;W<N:G,^+RH@1&\@3F]T
M(%)E;6]V92!4:&ES($-O;6UE;G0@*B\\+W-C<FEP=#X\+VAE860^#0H@(#QB
M;V1Y/@T*("`@(#QT86)L92!C;&%S<STS1')E<&]R="!I9#TS1$E$,$5-13X-
M"B`@("`@(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&P@8V]L<W!A;CTS
M1#$@<F]W<W!A;CTS1#(^/'-T<F]N9SY3=6)S97%U96YT($5V96YT<SQB<CX\
M+W-T<F]N9SX\+W1H/@T*("`@("`@("`\=&@@8VQA<W,],T1T:"!C;VQS<&%N
M/3-$,3XQ,B!-;VYT:',@16YD960\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@
M(#QT<CX-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^1&5C+B`S,2P@,C`Q,3QB
M<CX\+W1H/@T*("`@("`@/"]T<CX-"B`@("`@(#QT<B!C;&%S<STS1')E/@T*
M("`@("`@("`\=&0@8VQA<W,],T1P;"!V86QI9VX],T1T;W`^/'-T<F]N9SY3
M=6)S97%U96YT($5V96YT<R!;06)S=')A8W1=/"]S=')O;F<^/"]T9#X-"B`@
M("`@("`@/'1D(&-L87-S/3-$=&5X=#X\<W!A;CX\+W-P86X^/"]T9#X-"B`@
M("`@(#PO='(^#0H@("`@("`\='(@8VQA<W,],T1R;SX-"B`@("`@("`@/'1D
M(&-L87-S/3-$<&P@=F%L:6=N/3-$=&]P/E-U8G-E<75E;G0@179E;G1S/"]T
M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CX\=3X\8CY.3U1%(#$S("8C.#(Q,3L@4U5"
M4T51545.5"!%5D5.5%,\+V(^/"]U/CPO9F]N=#X\+W`^#0H-"CQP/CQF;VYT
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M<#X-"@T*/'1A8FQE(&)O<F1E<CTS1#`@8V5L;'-P86-I;F<],T0P(&-E;&QP
M861D:6YG/3-$,"!W:61T:#TS1#$P,"4^#0H\='(@<W1Y;&4],T0G9F]N="US
M:7IE.B`Q<'@[)SX\=&0@=F%L:6=N/3-$8F]T=&]M('=I9'1H/3-$-#8E/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0R)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M('=I9'1H/3-$,24^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D
M('9A;&EG;CTS1&)O='1O;2!W:61T:#TS1#$P)3X-"@T*/'`@86QI9VX],T1R
M:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@=VED
M=&@],T0Q)3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,3$^#0H-"CQP(&%L:6=N/3-$8V5N
M=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/E%U87)T97(@16YD
M960\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;2!C;VQS<&%N/3-$,3(^#0H\:'(@(&%L:6=N/3-$8V5N=&5R('-I>F4]
M,T0Q('=I9'1H/3-$,3`P)2!N;W-H861E/3-$;F]S:&%D92`O/@T*/"]T9#X\
M+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\
M<"!A;&EG;CTS1&-E;G1E<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\
M8CY-87)C:"`S,3PO8CX\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<"!A;&EG;CTS1&-E;G1E<CXF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT@8V]L<W!A;CTS1#(^#0H-"CQP(&%L:6=N
M/3-$8V5N=&5R/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0Q/CQB/DIU;F4@
M,S`\+V(^/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1C96YT97(^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M(&-O;'-P86X],T0R/@T*#0H\<"!A;&EG;CTS1&-E;G1E
M<CX\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,3X\8CY397!T(#,P/"]B/CPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$8V5N=&5R/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;2!C;VQS<&%N/3-$,CX-"@T*/'`@86QI9VX],T1C96YT97(^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#$^/&(^1&5C(#,Q/"]B/CPO9F]N=#X\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX]
M,T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H
M861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!C;VQS<&%N/3-$,CX-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-
M"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO
M<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!C
M;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED
M=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A
M;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@<VEZ93TS1#$@=VED
M=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\+W1D/@T*/'1D('9A
M;&EG;CTS1'1O<"!C;VQS<&%N/3-$,CX-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI9VX],T1C96YT97(@
M<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N;W-H861E("\^#0H\
M+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!C;VQS<&%N/3-$,CX-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/@T*/'1D('9A;&EG;CTS1'1O<#X-"CQH<B`@86QI
M9VX],T1C96YT97(@<VEZ93TS1#$@=VED=&@],T0Q,#`E(&YO<VAA9&4],T1N
M;W-H861E("\^#0H\+W1D/CPO='(^#0H\='(^/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C`Q,3PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I
M9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L
M;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY386QE<SPO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,S$L,#(S/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXD/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI
M9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT-2PT,S`\
M+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT
M(&-L87-S/3-$7VUT('-I>F4],T0R/C0Q+#DX-3PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ
M93TS1#(^,C4L,S,W/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C
M;&%S<STS1%]M="!S:7IE/3-$,CY'<F]S<R!M87)G:6YS/"]F;VYT/CPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3,L,S(X/"]F
M;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M,3@L-#4V/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,38L-34U/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,3`L-34V/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY/<&5R871I;F<@:6YC
M;VUE/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^-"PQ
M-#$\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@
M86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXW+#(U
M,SPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A
M;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8L-#@T
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#,V,SPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO=&0^/"]T
M<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY.970@:6YC;VUE
M/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO
M<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^,BPU-3@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT
M9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXT+#`X-3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/C,L-S,P/"]F;VYT/CPO<#X\+W1D/@T*/'1D
M(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$
M8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#4W-3PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/BD\+V9O;G0^/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP(&%L:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*
M/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\
M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[
M/"]P/CPO=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY"87-I8R!N970@:6YC;VUE
M('!E<B!S:&%R93PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$
M<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,"XS,#PO9F]N=#X\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^,"XT.#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^
M)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,"XT
M-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-
M"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O
M;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^*#`N,#<\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^1&EL=71E9"!N970@:6YC;VUE('!E<B!S
M:&%R93PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G
M8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@
M8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,"XS,#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$
M(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,"XT.#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS
M1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,"XT-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^*#`N,#<\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS
M1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXI/"]F;VYT/CPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1C96YT97(^
M/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C`Q,#PO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N
M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB
M<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N
M/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M
M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^
M#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-
M"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/B9N8G-P.SPO<#X\+W1D
M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^
M/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY386QE<SPO
M9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,]
M,T1?;70@<VEZ93TS1#(^)#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R
M/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,C4L.#@R/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S
M93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S
M:7IE/3-$,CXD/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F
M,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CXS,"PV-3D\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C,S+#,R-#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!B
M9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P
M.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^)#PO9F]N
M=#X\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@
M<VEZ93TS1#(^,S`L,C`W/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^/"]T<CX-"CQT<CX\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#X\9F]N
M="!C;&%S<STS1%]M="!S:7IE/3-$,CY'<F]S<R!M87)G:6YS/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3`L-3$U/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3,L,C@T/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,34L,S$P/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG
M:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,3(L,#DR/"]F;VYT/CPO
M<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P
M/CPO=&0^/"]T<CX-"CQT<CX\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#X\9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CY/
M<&5R871I;F<@:6YC;VUE/"]F;VYT/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(]
M,T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*
M#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA
M<W,],T1?;70@<VEZ93TS1#(^,BPQ,C`\+V9O;G0^/"]P/CPO=&0^#0H\=&0@
M8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S
M<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B
M;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C
M9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\
M9F]N="!C;&%S<STS1%]M="!S:7IE/3-$,CXT+#$Y,CPO9F]N=#X\+W`^/"]T
M9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-
M"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C8L,S`T/"]F;VYT
M/CPO<#X\+W1D/@T*/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O
M='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^,BPY
M.3@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\+W1R/@T*/'1R
M/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/DYE="!I;F-O;64\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS
M1%]M="!S:7IE/3-$,CXQ+#,S,3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$
M7VUT('-I>F4],T0R/C(L-#$U/"]F;VYT/CPO<#X\+W1D/@T*/'1D('9A;&EG
M;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP(&%L:6=N/3-$<FEG:'0^/&9O;G0@8VQA<W,],T1?
M;70@<VEZ93TS1#(^,RPY.3D\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N
M/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS
M1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#X\9F]N="!C;&%S<STS1%]M
M="!S:7IE/3-$,CXQ+#DW,#PO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX]
M,T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\='(^/'1D
M('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO=&0^#0H\=&0@
M=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A
M;&EG;CTS1&)O='1O;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^
M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\
M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^)FYB<W`[/"]P/CPO
M=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT
M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`^
M)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF
M;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP(&%L
M:6=N/3-$<FEG:'0^)FYB<W`[/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O
M;3X-"@T*/'`@86QI9VX],T1R:6=H=#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V
M86QI9VX],T1B;W1T;VT^#0H-"CQP/B9N8G-P.SPO<#X\+W1D/CPO='(^#0H\
M='(^/'1D(&)G8V]L;W(],T0C9#9F,V4X('9A;&EG;CTS1&)O='1O;3X-"@T*
M/'`^/&9O;G0@8VQA<W,],T1?;70@<VEZ93TS1#(^0F%S:6,@;F5T(&EN8V]M
M92!P97(@<VAA<F4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-
M"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N
M,38\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O
M;&]R/3-$(V0V9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N,CD\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V
M9C-E."!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT
M('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D
M-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N-#@\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!B9V-O;&]R/3-$(V0V9C-E."!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C;VQO<CTS1"-D-F8S93@@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C`N,C,\+V9O;G0^/"]P/CPO=&0^#0H\=&0@8F=C
M;VQO<CTS1"-D-F8S93@@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X\+W1R/@T*/'1R/CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/D1I;'5T960@;F5T(&EN8V]M
M92!P97(@<VAA<F4\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T
M=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T
M;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS
M1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N,38\+V9O;G0^
M/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\
M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L
M87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S
M/3-$7VUT('-I>F4],T0R/C`N,CD\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L
M:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI
M9VX],T1B;W1T;VT^#0H-"CQP/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R
M/B0\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<"!A;&EG;CTS1')I9VAT/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N
M-#@\+V9O;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\
M<#XF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP
M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/B0\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!A;&EG;CTS1')I9VAT/CQF
M;VYT(&-L87-S/3-$7VUT('-I>F4],T0R/C`N,C(\+V9O;G0^/"]P/CPO=&0^
M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<#XF;F)S<#L\+W`^/"]T9#X\
M+W1R/CPO=&%B;&4^(#PO9&EV/CQS<&%N/CPO<W!A;CX\+W1D/@T*("`@("`@
M/"]T<CX-"B`@("`\+W1A8FQE/@T*("`\+V)O9'D^#0H\+VAT;6P^#0H-"BTM
M+2TM+3U?3F5X=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C83@X
M.60T86%F#0I#;VYT96YT+4QO8V%T:6]N.B!F:6QE.B\O+T,Z+S`W935E96$P
M7S(R-CA?-#EE,E\X-V%C7V)F8V$X.#ED-&%A9B]7;W)K<VAE971S+V9I;&5L
M:7-T+GAM;`T*0V]N=&5N="U4<F%N<V9E<BU%;F-O9&EN9SH@<75O=&5D+7!R
M:6YT86)L90T*0V]N=&5N="U4>7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S
M+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC<F]S
M;V9T+6-O;3IO9F9I8V4Z;V9F:6-E(CX-"B`\;SI-86EN1FEL92!(4F5F/3-$
M(BXN+U=O<FMB;V]K+FAT;6PB+SX-"B`\;SI&:6QE($A2968],T0B4VAE970P
M,2YH=&UL(B\^#0H@/&\Z1FEL92!(4F5F/3-$(E-H965T,#(N:'1M;"(O/@T*
M(#QO.D9I;&4@2%)E9CTS1")3:&5E=#`S+FAT;6PB+SX-"B`\;SI&:6QE($A2
M968],T0B4VAE970P-"YH=&UL(B\^#0H@/&\Z1FEL92!(4F5F/3-$(E-H965T
M,#4N:'1M;"(O/@T*(#QO.D9I;&4@2%)E9CTS1")3:&5E=#`V+FAT;6PB+SX-
M"B`\;SI&:6QE($A2968],T0B4VAE970P-RYH=&UL(B\^#0H@/&\Z1FEL92!(
M4F5F/3-$(E-H965T,#@N:'1M;"(O/@T*(#QO.D9I;&4@2%)E9CTS1")3:&5E
M=#`Y+FAT;6PB+SX-"B`\;SI&:6QE($A2968],T0B4VAE970Q,"YH=&UL(B\^
M#0H@/&\Z1FEL92!(4F5F/3-$(E-H965T,3$N:'1M;"(O/@T*(#QO.D9I;&4@
M2%)E9CTS1")3:&5E=#$R+FAT;6PB+SX-"B`\;SI&:6QE($A2968],T0B4VAE
M970Q,RYH=&UL(B\^#0H@/&\Z1FEL92!(4F5F/3-$(E-H965T,30N:'1M;"(O
M/@T*(#QO.D9I;&4@2%)E9CTS1")3:&5E=#$U+FAT;6PB+SX-"B`\;SI&:6QE
M($A2968],T0B4VAE970Q-BYH=&UL(B\^#0H@/&\Z1FEL92!(4F5F/3-$(E-H
M965T,3<N:'1M;"(O/@T*(#QO.D9I;&4@2%)E9CTS1")3:&5E=#$X+FAT;6PB
M+SX-"B`\;SI&:6QE($A2968],T0B4VAE970Q.2YH=&UL(B\^#0H\+WAM;#X-
M"BTM+2TM+3U?3F5X=%!A<G1?,#=E-65E83!?,C(V.%\T.64R7S@W86-?8F9C
-83@X.60T86%F+2T-"@``
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>20
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Inventories<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureAbstract', window );"><strong>Inventories [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureTextBlock', window );">Inventories</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 2 - INVENTORIES </b></u></font></p>

<p><font class="_mt" size="2">Inventories consist of:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="72%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">

<p align="center"><font class="_mt" size="1"><b>December 31</b> </font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b> </font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Finished goods</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">14,010,071</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">13,684,884</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Raw and processed materials</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">11,975,932</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">10,814,051</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">25,986,003</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">24,498,935</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryDisclosureAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 3<br><br> -Section A<br><br> -Paragraph 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a, b, c<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EM3AG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump">$ 22,515,710<span></span></td>
        <td class="nump">$ 16,787,558<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermInvestments', window );">Investments</a></td>
        <td class="nump">18,635,601<span></span></td>
        <td class="nump">21,698,905<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Trade accounts receivable, less allowance for doubtful accounts of $175,000 and $500,000, respectively</a></td>
        <td class="nump">14,461,168<span></span></td>
        <td class="nump">17,544,136<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories</a></td>
        <td class="nump">25,986,003<span></span></td>
        <td class="nump">24,498,935<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidTaxes', window );">Prepaid income taxes</a></td>
        <td class="nump">3,893,003<span></span></td>
        <td class="nump">296,586<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
        <td class="nump">999,863<span></span></td>
        <td class="nump">908,102<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Deferred income taxes</a></td>
        <td class="nump">3,455,047<span></span></td>
        <td class="nump">4,469,941<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">TOTAL CURRENT ASSETS</a></td>
        <td class="nump">89,946,395<span></span></td>
        <td class="nump">86,204,163<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">PROPERTY, PLANT AND EQUIPMENT, net</a></td>
        <td class="nump">14,019,019<span></span></td>
        <td class="nump">13,214,067<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrentAbstract', window );"><strong>OTHER ASSETS:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermInvestments', window );">Investments</a></td>
        <td class="nump">4,883,510<span></span></td>
        <td class="nump">4,588,267<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
        <td class="nump">5,990,571<span></span></td>
        <td class="nump">4,560,217<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidPensionCosts', window );">Funded pension assets</a></td>
        <td class="nump">905,552<span></span></td>
        <td class="nump">349,575<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsMiscellaneousNoncurrent', window );">Other assets</a></td>
        <td class="nump">913,869<span></span></td>
        <td class="nump">153,938<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">TOTAL OTHER ASSETS</a></td>
        <td class="nump">12,693,502<span></span></td>
        <td class="nump">9,651,997<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">TOTAL ASSETS</a></td>
        <td class="nump">116,658,916<span></span></td>
        <td class="nump">109,070,227<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current portion of long-term debt</a></td>
        <td class="nump">427,345<span></span></td>
        <td class="nump">399,209<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
        <td class="nump">4,398,848<span></span></td>
        <td class="nump">5,385,558<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeRelatedLiabilitiesCurrent', window );">Accrued compensation and benefits</a></td>
        <td class="nump">5,870,000<span></span></td>
        <td class="nump">3,951,401<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_AccruedConsideration', window );">Accrued consideration</a></td>
        <td class="nump">1,002,623<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAccruedLiabilitiesCurrent', window );">Other accrued liabilities</a></td>
        <td class="nump">2,388,867<span></span></td>
        <td class="nump">1,669,776<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableCurrent', window );">Dividends payable</a></td>
        <td class="nump">1,299,963<span></span></td>
        <td class="nump">1,263,434<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">TOTAL CURRENT LIABILITIES</a></td>
        <td class="nump">15,387,646<span></span></td>
        <td class="nump">12,669,378<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrentAbstract', window );"><strong>LONG TERM LIABILITIES:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_LongTermCompensationPlans', window );">Long-term compensation plans</a></td>
        <td class="nump">283,075<span></span></td>
        <td class="nump">1,738,105<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesNoncurrent', window );">Uncertain tax positions</a></td>
        <td class="nump">405,673<span></span></td>
        <td class="nump">678,395<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred income taxes</a></td>
        <td class="nump">1,476,969<span></span></td>
        <td class="nump">585,317<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuredLongTermDebt', window );">Long term debt - mortgage payable</a></td>
        <td class="nump">1,574,993<span></span></td>
        <td class="nump">2,002,339<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrent', window );">TOTAL LONG-TERM LIABILITIES</a></td>
        <td class="nump">3,740,710<span></span></td>
        <td class="nump">5,004,156<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">COMMITMENTS AND CONTINGENCIES (Footnote 7)</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>STOCKHOLDERS' EQUITY</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,466,774 and 8,422,890 shares issued and outstanding, respectively</a></td>
        <td class="nump">423,339<span></span></td>
        <td class="nump">421,144<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Additional paid-in capital</a></td>
        <td class="nump">35,533,273<span></span></td>
        <td class="nump">34,491,370<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
        <td class="nump">61,466,342<span></span></td>
        <td class="nump">56,769,816<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive income</a></td>
        <td class="nump">107,606<span></span></td>
        <td class="num">(285,637)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">TOTAL STOCKHOLDERS' EQUITY</a></td>
        <td class="nump">97,530,560<span></span></td>
        <td class="nump">91,396,693<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</a></td>
        <td class="nump">$ 116,658,916<span></span></td>
        <td class="nump">$ 109,070,227<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_AccruedConsideration">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accrued consideration.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_AccruedConsideration</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_LongTermCompensationPlans">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits which will be paid out more than one year from the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_LongTermCompensationPlans</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsReceivableNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 9<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.24)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 24<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Interpretation (FIN)<br><br><br><br> -Number 48<br><br><br><br> -Paragraph 15, 21<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 15<br><br><br><br> -Subparagraph b(1)<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccruedIncomeTaxesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 130<br><br><br><br> -Paragraph 14, 17, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Staff Position (FSP)<br><br><br><br> -Number FAS115-1/124-1<br><br><br><br> -Paragraph 15D<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdditionalPaidInCapital</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br> -Section S99<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Publisher FASB<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Assets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Section 45<br><br><br><br> -SubTopic 10<br><br><br><br> -Topic 210<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 5<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingencies</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31928-109318<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxLiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6935-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 7<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Liabilities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DividendsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeRelatedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EmployeeRelatedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -Clause 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 68<br><br><br><br> -Subparagraph l<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 34<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 72<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Goodwill</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquityAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22, 23, 24, 25, 26, 27<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesNoncurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermDebtCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.12)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAccruedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6935-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 7<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6911-107765<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Liabilities<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e7018-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAccruedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.8)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsMiscellaneousNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of noncurrent assets which have not been itemized or categorized in the footnotes to the financial statements and are a component of Other Assets, Noncurrent (OtherAssetsNoncurrent). Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsMiscellaneousNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsNoncurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 129<br><br><br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidPensionCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Cumulative employer's contributions in excess of net pension cost recognized, before the adoption of the recognition provisions of FAS 158. Under FAS 158, prepaid pension costs are no longer recognized in the statement of financial position. Note that there is a separate concept for noncurrent assets relating to defined benefit pension and other defined benefit postretirement plans for use under the recognition provisions of FAS 158.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 132R<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph c(4)<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 715<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6410544&amp;loc=d3e1703-114919<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PrepaidPensionCosts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidTaxes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date of payments made in advance for income and other taxes, which will be charged against earnings within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 340<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386993&amp;loc=d3e5879-108316<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 340<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386993&amp;loc=d3e5865-108316<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Section A<br><br><br><br> -Paragraph 4<br><br><br><br> -Chapter 3<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (g)(4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Assets<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6787-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PrepaidTaxes</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph b, c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RetainedEarningsAccumulatedDeficit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecuredLongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer), excluding the current portion, if any. Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SecuredLongTermDebt</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph g<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShortTermInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>22
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EJZBG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2009</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>CASH FLOWS FROM OPERATING ACTIVITIES:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="nump">$ 9,797,866<span></span></td>
        <td class="nump">$ 9,715,433<span></span></td>
        <td class="nump">$ 6,043,645<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash provided by operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
        <td class="nump">2,100,735<span></span></td>
        <td class="nump">1,858,881<span></span></td>
        <td class="nump">1,698,321<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Share based compensation</a></td>
        <td class="nump">448,896<span></span></td>
        <td class="nump">39,093<span></span></td>
        <td class="nump">31,571<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred taxes</a></td>
        <td class="nump">1,695,595<span></span></td>
        <td class="num">(518,234)<span></span></td>
        <td class="nump">641,574<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Impairment loss</a></td>
        <td class="nump">1,271,986<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">196,020<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets', window );">Loss/(gain) on sale of assets</a></td>
        <td class="nump">27,081<span></span></td>
        <td class="nump">9,238<span></span></td>
        <td class="num">(39,919)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities', window );">Excess tax benefit from share based payments</a></td>
        <td class="num">(21,920)<span></span></td>
        <td class="num">(34,981)<span></span></td>
        <td class="num">(467)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in assets and liabilities net of effects from acquisitions:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Trade receivables</a></td>
        <td class="nump">3,273,730<span></span></td>
        <td class="num">(2,521,012)<span></span></td>
        <td class="nump">2,287,237<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
        <td class="num">(602,414)<span></span></td>
        <td class="nump">69,693<span></span></td>
        <td class="nump">4,908,760<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidTaxes', window );">Prepaid income taxes</a></td>
        <td class="num">(3,600,652)<span></span></td>
        <td class="nump">40,688<span></span></td>
        <td class="num">(337,274)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
        <td class="num">(78,349)<span></span></td>
        <td class="num">(52,913)<span></span></td>
        <td class="num">(10,116)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
        <td class="num">(1,025,703)<span></span></td>
        <td class="nump">407,757<span></span></td>
        <td class="nump">827,562<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities', window );">Accrued compensation and benefits</a></td>
        <td class="nump">751,925<span></span></td>
        <td class="nump">417,873<span></span></td>
        <td class="nump">1,791,395<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities', window );">Other accrued expenses</a></td>
        <td class="nump">395,133<span></span></td>
        <td class="nump">301,376<span></span></td>
        <td class="num">(263,369)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable', window );">Income taxes payable</a></td>
        <td class="num">(335,374)<span></span></td>
        <td class="num">(10,158)<span></span></td>
        <td class="num">(21,112)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet', window );">Other</a></td>
        <td class="num">(32,022)<span></span></td>
        <td class="nump">3,092<span></span></td>
        <td class="num">(116,707)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
        <td class="nump">14,066,513<span></span></td>
        <td class="nump">9,725,826<span></span></td>
        <td class="nump">17,637,121<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>CASH FLOWS FROM INVESTING ACTIVITIES:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireProductiveAssets', window );">Capital expenditures</a></td>
        <td class="num">(2,755,991)<span></span></td>
        <td class="num">(1,794,422)<span></span></td>
        <td class="num">(3,237,558)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInvestments', window );">Purchases of investments</a></td>
        <td class="num">(20,884,014)<span></span></td>
        <td class="num">(20,339,715)<span></span></td>
        <td class="num">(34,841,042)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired', window );">Acquisition of business</a></td>
        <td class="num">(3,138,367)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfProductiveAssets', window );">Proceeds from the sale of fixed assets</a></td>
        <td class="nump">22,555<span></span></td>
        <td class="nump">27,783<span></span></td>
        <td class="nump">106,672<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments', window );">Proceeds from the sale of investments</a></td>
        <td class="nump">23,635,385<span></span></td>
        <td class="nump">12,808,642<span></span></td>
        <td class="nump">16,099,000<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
        <td class="num">(3,120,432)<span></span></td>
        <td class="num">(9,297,712)<span></span></td>
        <td class="num">(21,872,928)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>CASH FLOWS FROM FINANCING ACTIVITIES:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividends', window );">Cash dividends paid</a></td>
        <td class="num">(5,064,811)<span></span></td>
        <td class="num">(4,858,484)<span></span></td>
        <td class="num">(4,332,666)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfSecuredDebt', window );">Mortgage principal payments</a></td>
        <td class="num">(399,209)<span></span></td>
        <td class="num">(372,926)<span></span></td>
        <td class="num">(348,373)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Proceeds from issuance of common stock</a></td>
        <td class="nump">257,255<span></span></td>
        <td class="nump">307,810<span></span></td>
        <td class="nump">170,626<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities', window );">Excess tax benefit from stock based payments</a></td>
        <td class="nump">21,920<span></span></td>
        <td class="nump">34,981<span></span></td>
        <td class="nump">467<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfCommonStock', window );">Purchase of common stock</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(53,117)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash used in financing activities</a></td>
        <td class="num">(5,184,845)<span></span></td>
        <td class="num">(4,888,619)<span></span></td>
        <td class="num">(4,563,063)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH</a></td>
        <td class="num">(33,084)<span></span></td>
        <td class="num">(45,385)<span></span></td>
        <td class="nump">140,757<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</a></td>
        <td class="nump">5,728,152<span></span></td>
        <td class="num">(4,505,890)<span></span></td>
        <td class="num">(8,658,113)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</a></td>
        <td class="nump">16,787,558<span></span></td>
        <td class="nump">21,293,448<span></span></td>
        <td class="nump">29,951,561<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">CASH AND CASH EQUIVALENTS AT END OF YEAR</a></td>
        <td class="nump">22,515,710<span></span></td>
        <td class="nump">16,787,558<span></span></td>
        <td class="nump">21,293,448<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesPaidNet', window );">Income taxes paid</a></td>
        <td class="nump">10,037,938<span></span></td>
        <td class="nump">6,315,827<span></span></td>
        <td class="nump">4,472,507<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaid', window );">Interest paid</a></td>
        <td class="nump">165,514<span></span></td>
        <td class="nump">201,191<span></span></td>
        <td class="nump">225,883<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableAmount', window );">Dividends declared not paid</a></td>
        <td class="nump">1,270,016<span></span></td>
        <td class="nump">1,263,434<span></span></td>
        <td class="nump">1,169,040<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalDeferredPurchasePrice', window );">Acquisition costs in accrued expenses</a></td>
        <td class="nump">$ 1,002,623<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7<br><br> -Footnote 1<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 8, 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Deferred Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510177<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section I<br><br> -Subsection 7<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 289<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SAB TOPIC 6.I.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6889476&amp;loc=d3e330036-122817<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredIncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DepreciationDepletionAndAmortization</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableAmount">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of dividends declared, but not paid, as of the financial reporting date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 32<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DividendsPayableAmount</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The effect of exchange rate changes on cash balances held in foreign currencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 230<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6450594&amp;loc=d3e33268-110906<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph A240<br><br> -Subparagraph i<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 00-15<br><br> -Paragraph 3<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6576910&amp;loc=d3e11374-113907<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Reductions in the entity's income taxes that arise when compensation cost (from non-qualified equity-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element reduces net cash provided by operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph A96<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6576910&amp;loc=d3e11374-113907<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2941-110230<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GainLossOnDispositionOfAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13777-109266<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 20<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 45<br><br> -Subparagraph e<br><br> -Clause 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Paragraph 72<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillImpairmentLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesPaidNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 27<br><br> -Subparagraph f<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxesPaidNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsReceivable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInInventories</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other expenses incurred but not yet paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherOperatingAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidTaxes">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the amount of payments made in advance for income and other taxes, which will be charged against earnings in future periods.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInPrepaidTaxes</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaid">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of cash paid for interest during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4297-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestPaid</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from financing activity for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from investing activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to reacquire common stock during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsForRepurchaseOfCommonStock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividends">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow from the entity's earnings to the shareholders.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsOfDividends</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15, 17<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the purchase of all investments (debt, security, other) during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15, 17<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireProductiveAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireProductiveAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the additional capital contribution to the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromIssuanceOfCommonStock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 31<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfProductiveAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleOfProductiveAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfSecuredDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RepaymentsOfSecuredDebt</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShareBasedCompensation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalCashFlowInformationAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SupplementalCashFlowInformationAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SupplementalDeferredPurchasePrice">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A device of credit enhancement where a part of the purchase price for the receivable/ payable is retained to serve as a cash collateral.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4332-108586<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 32<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4313-108586<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4304-108586<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SupplementalDeferredPurchasePrice</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>23
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.1.0.1
 *
 */

var moreDialog = null;
var Show = {
    Default:'raw',

    more:function( obj ){
        var bClosed = false;
        if( moreDialog != null )
        {
			try
			{
				bClosed = moreDialog.closed;
			}
			catch(e)
			{
				//Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control
				// that somtimes causes it to throw when checking the closed property on a child window that has been
				//closed.  So if the exception occurs we assume the window is closed and move on from there.
				bClosed = true;
			}

			if( !bClosed ){
				moreDialog.close();
			}
        }

        obj = obj.parentNode.getElementsByTagName( 'pre' )[0];
		var hasHtmlTag = false;
		var objHtml = '';
		var raw = '';

		//Check for raw HTML
		var nodes = obj.getElementsByTagName( '*' );
		if( nodes.length ){
			objHtml = obj.innerHTML;
		}else{
			if( obj.innerText ){
				raw = obj.innerText;
			}else{
				raw = obj.textContent;
			}

			var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g );
			if( matches && matches.length ){
				objHtml = raw;

				//If there is an html node it will be 1st or 2nd,
				//   but we can check a little further.
				var n = Math.min( 5, matches.length );
				for( var i = 0; i < n; i++ ){
					var el = matches[ i ].toString().toLowerCase();
					if( el.indexOf( '<html' ) >= 0 ){
						hasHtmlTag = true;
						break;
					}
				}
			}
		}

        if( objHtml.length ){
			var html = '';

			if( hasHtmlTag ){
				html = objHtml;
			}else{
				html = '<html>'+
					"\n"+'<head>'+
					"\n"+'    <title>Report Preview Details</title>'+
					"\n"+'    <style type="text/css">'+
					"\n"+'    body {'+
					"\n"+'    }'+
					"\n"+'    table {'+
					"\n"+'    }'+
					"\n"+'    </style>'+
					"\n"+'</head>'+
					"\n"+'<body>'+
						objHtml +
					"\n"+'</body>'+
					"\n"+'</html>';
			}

			moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes");
			moreDialog.document.write( html );
			moreDialog.document.close();

			if( !hasHtmlTag ){
				moreDialog.document.body.style.margin = '0.5em';
			}
        }
        else
        {
			//default view logic
			var lines = raw.split( "\n" );
			var longest = 0;

			if( lines.length > 0 ){
				for( var p = 0; p < lines.length; p++ ){
					longest = Math.max( longest, lines[p].length );
				}
			}

			//Decide on the default view
			this.Default = longest < 120 ? 'raw' : 'formatted';

			//Build formatted view
			var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ;
			var formatted = '';

			if( text.length > 0 ){
				if( text.length == 1 ){
					text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ;
					formatted = "<p>"+ text.join( "<br /><br />\n" ) +"</p>";
				}else{
					for( var p = 0; p < text.length; p++ ){
						formatted += "<p>" + text[p] + "</p>\n";
					}
				}
			}else{
				formatted = '<p>' + raw + '</p>';
			}

			html = '<html>'+
				"\n"+'<head>'+
				"\n"+'    <title>Report Preview Details</title>'+
				"\n"+'    <style type="text/css">'+
				"\n"+'    body {'+
				"\n"+'       background-color: #f0f9ee;'+
				"\n"+'       font-family: Arial, san-serif; font-size: 0.8em;'+
				"\n"+'    }'+
				"\n"+'    table {'+
				"\n"+'       font-size: 1em;'+
				"\n"+'    }'+
				"\n"+'    </style>'+
				"\n"+'</head>'+
				"\n"+'<body>'+
				"\n"+'    <table border="0" width="100%">'+
				"\n"+'    <tr>'+
				"\n"+'        <td>'+
				"\n"+'            formatted: <a href="javascript:void(0);" onclick="opener.Show.toggle( window, this );">'+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +'</a>'+
				"\n"+'        </td>'+
				"\n"+'    </tr>'+
				"\n"+'    <tr>'+
				"\n"+'        <td>'+
				"\n"+'            <div id="formatted" style="display: none;">'+formatted+'</div>'+
				"\n"+'        </td>'+
				"\n"+'    </tr>'+
				"\n"+'    <tr>'+
				"\n"+'        <td>'+
				"\n"+'            <pre id="raw" style="display: none; font-size: 1.2em;">'+raw+'</pre>'+
				"\n"+'        </td>'+
				"\n"+'    </tr>'+
				"\n"+'    </table>'+
				"\n"+'</body>'+
				"\n"+'</html>';

			moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes");
			moreDialog.document.write(html);
			moreDialog.document.close();

			this.toggle( moreDialog );
        }

		moreDialog.document.title = 'Report Preview Details';
    },

    toggle:function( win, domLink ){
        var domId = this.Default;

        var doc = win.document;
        var domEl = doc.getElementById( domId );
        domEl.style.display = 'block';

        this.Default = domId == 'raw' ? 'formatted' : 'raw';

        if( domLink ){
            domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed';
        }

        var domElOpposite = doc.getElementById( this.Default );
        domElOpposite.style.display = 'none';
    },

	LastAR : null,
	showAR : function ( link, id, win ){
		if( Show.LastAR ){
			Show.hideAR();
		}

		var ref = link;
		do {
			ref = ref.nextSibling;
		} while (ref && ref.nodeName != 'TABLE');

		if (!ref || ref.nodeName != 'TABLE') {
			var tmp = win ?
				win.document.getElementById(id) :
				document.getElementById(id);

			if( tmp ){
				ref = tmp.cloneNode(true);
				ref.id = '';
				link.parentNode.appendChild(ref);
			}
		}

		if( ref ){
			ref.style.display = 'block';
			Show.LastAR = ref;
		}
	},

	toggleNext : function( link ){
		var ref = link;

		do{
			ref = ref.nextSibling;
		}while( ref.nodeName != 'DIV' );

		if( ref.style &&
			ref.style.display &&
			ref.style.display == 'none' ){
			ref.style.display = 'block';

			if( link.textContent ){
				link.textContent = link.textContent.replace( '+', '-' );
			}else{
				link.innerText = link.innerText.replace( '+', '-' );
			}
		}else{
			ref.style.display = 'none';

			if( link.textContent ){
				link.textContent = link.textContent.replace( '-', '+' );
			}else{
				link.innerText = link.innerText.replace( '-', '+' );
			}
		}
	},

	hideAR : function(){
		Show.LastAR.style.display = 'none';
	}
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>24
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Summary Of Significant Accounting Policies<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountingPoliciesAbstract', window );"><strong>Summary Of Significant Accounting Policies [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SignificantAccountingPoliciesTextBlock', window );">Summary Of Significant Accounting Policies</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></u></font></p>

<p><font class="_mt" size="2"><b>Description of business: </b>Communications Systems, Inc. (herein collectively called "CSI," "our" or the "Company") is a Minnesota corporation organized in 1969 that operates directly and through its subsidiaries located in the United States, Costa Rica, the United Kingdom and China. CSI is principally engaged through its Suttle and Austin Taylor business units in the manufacture and sale of modular connecting and wiring devices for voice and data communications, digital subscriber line filters, and structured wiring systems and through its Transition Networks business unit in the manufacture of media and rate conversion products for telecommunications networks. CSI also provides through its JDL Technologies business unit IT solutions including network design, computer infrastructure installations, IT service management, change management, network security and network operations services. </font></p>

<p><font class="_mt" size="2">The Company classifies its businesses into four segments: <i>Suttle</i>, which manufactures U.S. standard modular connecting and wiring devices for voice and data communications; <i>Transition Networks,</i> which designs and markets media conversion products, ethernet switches, and other connectivity and data transmission products; <i>Austin Taylor, </i>which manufactures British standard line jacks, patch panels, metal boxes, distribution and central office frames; and <i>JDL Technologies, (JDL</i>), which provides IT services; non-allocated general and administrative expenses are separately accounted for as "Other" in the Company's segment reporting. There are no material intersegment revenues. </font></p>

<p><font class="_mt" size="2"><b>Principles of consolidation: </b>The consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany transactions and accounts have been eliminated. </font></p>

<p><font class="_mt" size="2"><b>Use of estimates: </b>The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company uses estimates based on the best information available in recording transactions and balances resulting from operations. Actual results could differ from those estimates. The Company's estimates consist principally of reserves for doubtful accounts, sales returns, warranty costs, asset impairment evaluations, accruals for compensation plans, self-insured medical and dental accruals, pension liabilities, lower of cost or market inventory adjustments, provisions for income taxes and deferred taxes and depreciable lives of fixed assets. </font></p>

<p><font class="_mt" size="2"><b>Cash equivalents:</b> For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. As of December 31, 2011, the Company had $22.5 million in cash and cash equivalents. Of this amount, $0.8 million was invested in short-term money market funds that are not considered to be bank deposits and are not insured or guaranteed by the federal deposit insurance company (FDIC) or other government agency. These money market funds seek to preserve the value of the investment at $1.00 per share; however, it is possible to lose money investing in these funds. The remainder is operating cash and certificates of deposit which are fully insured through the FDIC. </font></p>

<p><font class="_mt" size="2"><b>Investments:</b> Investments consist of certificates of deposit that are traded on the open market and are classified as available-for-sale at December 31, 2011. Available-for-sale investments are reported at fair value with unrealized gains and losses excluded from operations and reported as a separate component of stockholders' equity, net of tax (see Accumulated Comprehensive income below). </font></p>

<p><font class="_mt" size="2"><b>Inventories:</b> Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. Provision to reduce inventories to the lower of cost or market is made based on a review of excess and obsolete inventories, estimates of future sales, examination of historical consumption rates and the related value of component parts. </font></p>

<p><font class="_mt" size="2"><b>Property, plant and equipment: </b>Property, plant and equipment are recorded at cost. Depreciation is computed using the straight-line method. Depreciation included in cost of sales and selling, general and administrative expenses for continuing operations was $2,058,000, $1,859,000 and $1,698,000 for 2011, 2010 and 2009, respectively. Maintenance and repairs are charged to operations and additions or improvements are capitalized. Items of property sold, retired or otherwise disposed of are removed from the asset and accumulated depreciation accounts and any gains or losses on disposal are reflected in operations. </font></p>

<p><font class="_mt" size="2"><b>Goodwill and Other Intangible Assets:</b> Goodwill represents the amount by which the purchase prices (including liabilities assumed) of acquired businesses exceed the estimated fair value of the net tangible assets and separately identifiable assets of these businesses. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested at least annually for impairment. The Company reassesses the value of our reporting units and related goodwill balances at the end of each fiscal year and at other times if events have occurred or circumstances exist that indicate the carrying amount of goodwill may not be recoverable. </font></p>

<p><font class="_mt" size="2"><b>Recoverability of long-lived assets: </b>The Company reviews its long-lived assets periodically to determine potential impairment by comparing the carrying value of the assets with expected net cash flows expected to be provided by operating activities of the business or related products. If the sum of the expected future net cash flows is less than the carrying value, an impairment loss would be measured by comparing the amount by which the carrying value exceeds the fair value of the asset. </font></p>

<p><font class="_mt" size="2"><b>Warranty: </b>The Company reserves for the estimated cost of product warranties at the time revenue is recognized. We estimate the costs of our warranty obligations based on our warranty policy or applicable contractual warranty, historical experience of known product failure rates, and use of materials and service delivery costs incurred in correcting product failures. Management reviews the estimated warranty liability on a quarterly basis to determine its adequacy. </font></p>

<p><font class="_mt" size="2">The following table presents the changes in the Company's warranty liability for the years ended December 31, 2011 and 2010, which relate to normal product warranties and a five-year obligation to provide for potential future liabilities for certain network equipment sales: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="72%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">

<p align="center"><font class="_mt" size="1"><b>Year Ended December 31</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Beginning balance</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">616,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">648,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Amounts charged to expense</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">258,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">162,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Actual warranty costs paid</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(240,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(194,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Ending balance</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">634,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">616,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2"><b>Accumulated Comprehensive income: </b>The components of accumulated other comprehensive income are as follows: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="72%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">

<p align="center"><font class="_mt" size="1"><b>December 31</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="5">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Foreign currency translation</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(337,597</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,272,530</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Unrealized gain on available-for-sale investments</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(2,633</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">14,058</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Minimum pension liability</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">447,836</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">972,836</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">107,606</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(285,636</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">The functional currency of Austin Taylor and Patapsco is the British pound. Assets and liabilities denominated in this foreign currency were translated into U.S. dollars at year-end exchange rates. Revenue and expense transactions were translated using average exchange rates. Suttle Costa Rica and Transition China use the U.S. dollar as its functional currency. </font></p>

<p><font class="_mt" size="2"><b>Revenue recognition</b>: The Company's manufacturing operations (Suttle, Transition Networks and Austin Taylor) recognize revenue when the earnings process is complete, evidenced by persuasive evidence of an agreement, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recognized for domestic and international sales at the shipping point or delivery to customers, based on the related shipping terms. Risk of loss transfers at the point of shipment or delivery to customers, and the Company has no further obligation after such time. Sales are made directly to customers and through distributors. Payment terms for distributors are consistent with the terms of the Company's direct customers. The Company records a provision for sales returns, sales incentives and warranty costs at the time of the sale based on historical experience and current trends. </font></p>

<p><font class="_mt" size="2">JDL Technologies generally records revenue on hardware, software and related equipment sales and installation contracts when the revenue recognition criteria are met and products are installed and accepted by the customer. JDL records revenue on service contracts on a straight-line basis over the contract period, unless evidence suggests the revenue is earned in a different pattern. Each contract is individually reviewed to determine when the earnings process is complete. </font></p>

<p><font class="_mt" size="2"><b>Research and development: </b>Research and development costs consist of outside testing services, equipment and supplies associated with enhancing existing products and developing new products. Research and development costs are expensed when incurred and totaled $2,045,000 in 2011, $2,127,000 in 2010 and $1,707,000 in 2009. </font></p>

<p><font class="_mt" size="2"><b>Net income per share: </b>Basic net income per common share is based on the weighted average number of common shares outstanding during each year. Diluted net income per common share adjusts for the dilutive effect of potential common shares outstanding. The Company's only potential common shares outstanding are stock options and unvested shares, which resulted in a dilutive effect of 47,261 shares, 30,324 shares and 12,519 shares in 2011, 2010 and 2009, respectively. The Company calculates the dilutive effect of outstanding options and unvested shares using the treasury stock method. The number of shares not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of common stock during the year for 2011, 2010, and 2009 was 0, 0 and 81,000, respectively. </font></p>

<p><font class="_mt" size="2"><b>Share based compensation:</b> The Company accounts for share based compensation awards on a fair value basis. The estimated grant date fair value of each stock-based award is recognized in income over the requisite service period (generally the vesting period). The estimated fair value of each option is calculated using the Black-Scholes option-pricing model. </font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountingPoliciesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountingPoliciesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SignificantAccountingPoliciesTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for all significant accounting policies of the reporting entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18743-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18854-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 22<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18861-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SignificantAccountingPoliciesTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>25
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ETOAC">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfFinancialPositionAbstract', window );"><strong>Consolidated Balance Sheets [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Trade accounts receivable, allowance for doubtful accounts</a></td>
        <td class="nump">$ 175,000<span></span></td>
        <td class="nump">$ 505,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value</a></td>
        <td class="nump">$ 1.00<span></span></td>
        <td class="nump">$ 1.00<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
        <td class="nump">3,000,000<span></span></td>
        <td class="nump">3,000,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
        <td class="nump">$ 0.05<span></span></td>
        <td class="nump">$ 0.05<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized</a></td>
        <td class="nump">30,000,000<span></span></td>
        <td class="nump">30,000,000<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued</a></td>
        <td class="nump">8,466,774<span></span></td>
        <td class="nump">8,422,890<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding</a></td>
        <td class="nump">8,466,774<span></span></td>
        <td class="nump">8,422,890<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockParOrStatedValuePerShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesAuthorized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesIssued</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockParOrStatedValuePerShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockSharesAuthorized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockSharesIssued</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfFinancialPositionAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StatementOfFinancialPositionAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>26
<FILENAME>R17.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Information Concerning Industry Segments And Major Customers<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Information Concerning Industry Segments And Major Customers [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">Information Concerning Industry Segments And Major Customers</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 11- INFORMATION CONCERNING INDUSTRY SEGMENTS AND MAJOR CUSTOMERS</b></u></font></p>

<p><font class="_mt" size="2">The Company classifies its businesses into four segments: Suttle, which manufactures U.S. standard modular connecting and wiring devices for voice and data communications; Transition Networks, which designs and markets data transmission, computer network and media conversion products and print servers; JDL Technologies, (JDL), which provides IT services; and Austin Taylor which manufactures British standard telephone equipment and equipment enclosures for the U.K and international markets. Non-allocated corporate general and administrative expenses are categorized as "Other" in the Company's segment reporting. Management has chosen to organize the enterprise and disclose reportable segments based on products and services. There are no material intersegment revenues.</font></p>

<p><font class="_mt" size="2">Suttle products are sold principally to U.S. customers. Suttle operates manufacturing facilities in the U.S. and Costa Rica. Net long-lived assets held in foreign countries were approximately $831,000 and $506,000 at December 31, 2011 and 2010, respectively. Transition Networks manufactures its products in the United States and makes sales in both the U.S. and international markets. JDL Technologies operates in the U.S. and makes sales in the U.S. Austin Taylor operates a manufacturing facility in the U.K. and makes sales in the U.K. and internationally. Consolidated sales to U.S. customers were approximately 85%, 81% and 82% of sales from continuing operations in 2011, 2010 and 2009 respectively. In 2011, sales to one of Transition Networks' customers accounted for 22.8% of consolidated sales. In 2010, sales to two of Transition Networks' customers accounted for 15.1% and 12.0% of consolidated sales and one of JDL Technologies' customers accounted for 10.3% of consolidated sales. In 2009, sales to one of Transition Networks' customers accounted for 16.7% of consolidated sales and one of Suttle's customers accounted for 12.2% of consolidated sales.</font></p>

<p><font class="_mt" size="2">Information concerning the Company's operations in the various segments for the twelve-month periods ended December 31, 2011, 2010 and 2009 is as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="20%">

<p>&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Suttle</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Transition<br />Networks</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>JDL<br />Technologies</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Austin<br />Taylor</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Other</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Total</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Sales</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">36,636,915</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">91,450,014</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">12,400,553</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,287,569</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">143,775,051</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Cost of sales</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">27,365,489</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">46,825,149</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7,262,006</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,427,280</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">84,879,924</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Gross profit</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">9,271,426</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">44,624,865</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,138,547</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(139,711</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">58,895,127</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Selling, general and administrative expenses</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,897,672</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">23,730,729</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,982,353</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,320,094</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,177,373</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">40,108,221</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Impairment</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,271,986</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,271,986</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Operating income (loss)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,101,768</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">20,894,136</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,156,194</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,459,805</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(6,177,373</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">17,514,920</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Depreciation and amortization</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">906,004</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">755,789</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">106,622</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">40,252</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">292,068</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,100,735</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Capital expenditures</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">935,030</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,028,941</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">51,789</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">740,231</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,755,991</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Assets</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">25,512,978</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">33,589,083</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,844,572</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,401,323</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">53,310,960</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">116,658,916</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Suttle</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Transition<br />Networks</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>JDL<br />Technologies</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Austin<br />Taylor</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Other</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Total</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">2010</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Sales</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">36,561,669</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">67,782,482</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">12,712,244</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,015,915</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">120,072,310</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Cost of sales</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">26,880,667</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">31,826,169</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7,132,263</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,032,579</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">68,871,678</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Gross profit</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">9,681,002</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">35,956,313</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,579,981</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(16,664</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">51,200,632</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Selling, general and administrative expenses</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,638,163</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">21,459,214</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,470,086</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,084,345</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,934,440</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">35,586,248</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Impairment</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Operating income (loss)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,042,839</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">14,497,099</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,109,895</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,101,009</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(4,934,440</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">15,614,384</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Depreciation and amortization</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">830,986</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">604,873</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">102,850</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">25,194</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">294,978</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,858,881</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Capital expenditures</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">741,820</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">680,819</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">197,784</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">9,854</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">164,145</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,794,422</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Assets</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">19,357,569</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">32,383,709</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,493,717</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,406,939</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">51,428,293</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">109,070,227</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr></table><br />

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="20%">

<p>&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Suttle</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Transition<br />Networks</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>JDL<br />Technologies</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Austin<br />Taylor</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Other</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center"><font class="_mt" size="1"><b>Total</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2009</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Sales</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">42,866,947</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">55,098,346</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">8,765,415</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,061,499</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">109,792,207</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Cost of sales</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">33,095,673</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">25,768,865</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,011,918</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,067,101</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">67,943,557</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Gross profit</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">9,771,274</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">29,329,481</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,753,497</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(5,602</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">41,848,650</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Selling, general and administrative expenses</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,054,170</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">19,371,120</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,298,790</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,012,194</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,697,823</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">31,434,097</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Impairment</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">196,020</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">196,020</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Operating income (loss)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,717,104</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">9,958,361</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,454,707</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,213,816</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(3,697,823</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">10,218,533</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Depreciation and amortization</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">651,407</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">579,816</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">155,744</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">76,495</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">234,859</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,698,321</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Capital expenditures</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,667,916</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">355,129</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">37,026</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">114,153</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">63,334</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,237,558</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Assets</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">21,110,624</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">29,640,360</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,548,930</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4,044,746</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">46,569,034</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">102,913,694</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p>&nbsp;</p></td>
<td valign="top">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr></table> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SegmentReportingAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8595-108599<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8538-108599<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 33<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8971-108599<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 34<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8981-108599<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 29<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8864-108599<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8380-108599<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 35<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8984-108599<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 41<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9038-108599<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 32<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8933-108599<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 131<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8906-108599<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8844-108599<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 40<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9031-108599<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 42<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e9054-108599<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 280<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 31<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6534315&amp;loc=d3e8924-108599<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SegmentReportingDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>27
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EVRAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Document And Entity Information (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
        <th class="th" colspan="1"></th>
        <th class="th" colspan="1"></th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Mar. 01, 2012</div>
        </th>
        <th class="th">
          <div>Jun. 30, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
        <td class="text">10-K<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
        <td class="text">false<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
        <td class="text">Dec. 31,
         2011<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
        <td class="text">FY<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
        <td class="text">2011<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
        <td class="text">COMMUNICATIONS SYSTEMS INC<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
        <td class="text">0000022701<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
        <td class="text">--12-31<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
        <td class="text">Accelerated Filer<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">8,470,015<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
        <td class="text">Yes<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
        <td class="text">No<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
        <td class="text">No<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">$ 119,701,000<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>If the value is true, then the document as an amendment to previously-filed/accepted document.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_AmendmentFlag</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:booleanItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>End date of current fiscal year in the format --MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_CurrentFiscalYearEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gMonthDayItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalPeriodFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:fiscalPeriodItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalYearFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gYearItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentPeriodEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentType</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCentralIndexKey</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:centralIndexKeyItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCurrentReportingStatus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityFilerCategory</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:filerCategoryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityPublicFloat</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityRegistrantName</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:normalizedStringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityVoluntaryFilers</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityWellKnownSeasonedIssuer</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_DocumentAndEntityInformationAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_DocumentAndEntityInformationAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R18.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Measurements [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value Measurements</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 12 &#8211; FAIR VALUE MEASUREMENTS </b></u></font></p>

<p><font class="_mt" size="2">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date: </font></p>

<p><font class="_mt" size="2">Level 1 &#8211; Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. </font></p>

<p><font class="_mt" size="2">Level 2 &#8211; Observable inputs such as quoted prices for similar instruments and quoted prices in markets that are not active, and inputs that are directly observable or can be corroborated by observable market data. The types of assets and liabilities included in Level 2 are typically either comparable to actively traded securities or contracts, such as treasury securities with pricing interpolated from recent trades of similar securities, or priced with models using highly observable inputs, such as commodity options priced using observable forward prices and volatilities.</font></p>

<p><font class="_mt" size="2">Level 3 &#8211; Significant inputs to pricing that have little or no observability as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as the complex and subjective models and forecasts used to determine the fair value of financial instruments. </font></p>

<p><font class="_mt" size="2">The Company's assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2011 and December 31, 2010, respectively, include money market funds within cash equivalents of $830,000 and $9,624,000 classified as level one within the hierarchy and certificate of deposits within investments of $23,519,000 and $26,287,000 classified as level two. The Company does not have any assets or liabilities classified as level three within the hierarchy, other than the pension assets already discussed in Note 6.</font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_FairValueDisclosuresAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueDisclosuresTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19296-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 159<br><br> -Paragraph 17-22, 27, 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13433-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15C, 15D<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13504-108611<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15A<br><br> -Subparagraph a-d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13537-108611<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 133<br><br> -Paragraph 44A, 44B<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19207-110258<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 3, 10, 14, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15B<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 157<br><br> -Paragraph 32, 33, 34<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_FairValueDisclosuresTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>29
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EJTAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Income And Comprehensive Income (USD $)<br></strong></div>
        </th>
        <th class="th" colspan="3">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2010</div>
        </th>
        <th class="th">
          <div>Dec. 31, 2009</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementAbstract', window );"><strong>Consolidated Statements Of Income And Comprehensive Income [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Sales</a></td>
        <td class="nump">$ 143,775,051<span></span></td>
        <td class="nump">$ 120,072,310<span></span></td>
        <td class="nump">$ 109,792,207<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingCostsAndExpensesAbstract', window );"><strong>Costs and expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfRevenue', window );">Cost of sales</a></td>
        <td class="nump">84,879,924<span></span></td>
        <td class="nump">68,871,678<span></span></td>
        <td class="nump">67,943,557<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Selling, general and administrative expenses</a></td>
        <td class="nump">40,108,221<span></span></td>
        <td class="nump">35,586,248<span></span></td>
        <td class="nump">31,434,097<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillImpairmentLoss', window );">Impairment loss</a></td>
        <td class="nump">1,271,986<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">196,020<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpenses', window );">Total costs and expenses</a></td>
        <td class="nump">126,260,131<span></span></td>
        <td class="nump">104,457,926<span></span></td>
        <td class="nump">99,573,674<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
        <td class="nump">17,514,920<span></span></td>
        <td class="nump">15,614,384<span></span></td>
        <td class="nump">10,218,533<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpenseAbstract', window );"><strong>Other income and (expenses):</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterestAndDividend', window );">Investment and other income</a></td>
        <td class="nump">313,544<span></span></td>
        <td class="nump">251,002<span></span></td>
        <td class="nump">810,039<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnDispositionOfAssets', window );">(Loss)/gain on sale of assets</a></td>
        <td class="num">(27,081)<span></span></td>
        <td class="num">(9,238)<span></span></td>
        <td class="nump">39,919<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseOther', window );">Interest and other expense</a></td>
        <td class="num">(181,393)<span></span></td>
        <td class="num">(221,611)<span></span></td>
        <td class="num">(269,151)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Other income, net</a></td>
        <td class="nump">105,070<span></span></td>
        <td class="nump">20,153<span></span></td>
        <td class="nump">580,807<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income from operations before income taxes</a></td>
        <td class="nump">17,619,990<span></span></td>
        <td class="nump">15,634,537<span></span></td>
        <td class="nump">10,799,340<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax expense</a></td>
        <td class="nump">7,822,124<span></span></td>
        <td class="nump">5,919,104<span></span></td>
        <td class="nump">4,755,695<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="nump">9,797,866<span></span></td>
        <td class="nump">9,715,433<span></span></td>
        <td class="nump">6,043,645<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossTaxAbstract', window );"><strong>Other comprehensive income (loss):</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax', window );">Additional minimum pension liability adjustments</a></td>
        <td class="num">(525,000)<span></span></td>
        <td class="nump">43,999<span></span></td>
        <td class="nump">285,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized (losses)/gains on available-for-sale securities</a></td>
        <td class="num">(16,691)<span></span></td>
        <td class="num">(19,744)<span></span></td>
        <td class="nump">33,802<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease', window );">Foreign currency translation adjustment</a></td>
        <td class="nump">934,934<span></span></td>
        <td class="num">(182,770)<span></span></td>
        <td class="num">(237,386)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Total other comprehensive income (loss)</a></td>
        <td class="nump">393,243<span></span></td>
        <td class="num">(158,515)<span></span></td>
        <td class="nump">81,416<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive income</a></td>
        <td class="nump">$ 10,191,109<span></span></td>
        <td class="nump">$ 9,556,918<span></span></td>
        <td class="nump">$ 6,125,061<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic net income per share:</a></td>
        <td class="nump">$ 1.16<span></span></td>
        <td class="nump">$ 1.16<span></span></td>
        <td class="nump">$ 0.72<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted net income per share:</a></td>
        <td class="nump">$ 1.15<span></span></td>
        <td class="nump">$ 1.15<span></span></td>
        <td class="nump">$ 0.72<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Weighted Average Basic Shares Outstanding</a></td>
        <td class="nump">8,448,612<span></span></td>
        <td class="nump">8,384,242<span></span></td>
        <td class="nump">8,339,566<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted Average Dilutive Shares Outstanding</a></td>
        <td class="nump">8,495,873<span></span></td>
        <td class="nump">8,414,566<span></span></td>
        <td class="nump">8,352,084<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Dividends declared per share</a></td>
        <td class="nump">$ 0.60<span></span></td>
        <td class="nump">$ 0.59<span></span></td>
        <td class="nump">$ 0.52<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate dividends declared during the period for each share of common stock outstanding.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockDividendsPerShareDeclared</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e540-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A5<br><br> -Appendix A<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 8, 9, 10, 11, 12, 13, 14<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6508144<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e557-108580<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ComprehensiveIncomeNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate cost of goods produced and sold and services rendered during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 2<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfRevenue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total costs of sales and operating expenses for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostsAndExpenses</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945512&amp;loc=d3e4984-109258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 20<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 7<br><br> -Paragraph 18<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 36, 37, 38<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareBasic</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 11, 12, 36<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 20<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 7<br><br> -Paragraph 18<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareDiluted</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnDispositionOfAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 144<br><br> -Paragraph 47<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391110&amp;loc=d3e2941-110230<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 205<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6360339&amp;loc=d3e1361-107760<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GainLossOnDispositionOfAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillImpairmentLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13777-109266<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 20<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 45<br><br> -Subparagraph e<br><br> -Clause 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Paragraph 72<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 47<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 43<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillImpairmentLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 10<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeStatementAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher OTS<br><br> -Name Federal Regulation (FR)<br><br> -Number Title 12<br><br> -Chapter V<br><br> -Section 563c.102<br><br> -Paragraph 6<br><br> -Subsection II<br><br> -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy.  It will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Audit and Accounting Guide (AAG)<br><br> -Number AAG-BRD<br><br> -Chapter 4<br><br> -Paragraph 55<br><br> -IssueDate 2006-05-01<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 01-6<br><br> -Paragraph 14<br><br> -Subparagraph l<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestExpenseOther</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterestAndDividend">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 14<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 7<br><br> -Subparagraph a, b<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7(a),(b))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InvestmentIncomeInterestAndDividend</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NonoperatingIncomeExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpenseAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NonoperatingIncomeExpenseAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingCostsAndExpensesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingCostsAndExpensesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 830<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 20<br><br> -Subparagraph (b),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6915805&amp;loc=d3e32211-110900<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920433&amp;loc=d3e998-108581<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 24<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 14, 17, 19, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 52<br><br> -Paragraph 13, 20, 31<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity.  Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569643-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossTaxAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossTaxAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The after-tax amount of the change in the additional pension liability not yet recognized pursuant to FAS 87 par 37 and 38 as a net periodic pension cost. If the additional pension liability required to be recognized exceeds the unrecognized prior service costs, then the excess (which is the net loss not yet recognized as net periodic pension cost) is to be recorded as a reduction of other comprehensive income, before adjusting for tax effects. If in a subsequent measurement, the amount of minimum liability is eliminated or adjusted, this adjustment is offset against other comprehensive income in Accumulated Comprehensive Income. This line also includes changes in an entity's share of an equity investee's Increase or Decrease in additional pension liability not yet recognized as a net periodic pension cost. Eliminated upon adoption of FAS 158.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 715<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (j)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6962843&amp;loc=d3e1928-114920<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph c(5)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 158<br><br> -Paragraph 21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 2<br><br> -Subparagraph (h)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920433&amp;loc=d3e998-108581<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 14, 17, 19, 20-25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 13<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 2<br><br> -Subparagraph (e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920433&amp;loc=d3e998-108581<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 24<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 17, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SalesRevenueNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingGeneralAndAdministrativeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 4<br><br> -Paragraph 5A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 30<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386349&amp;loc=d3e3636-108311<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SellingGeneralAndAdministrativeExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 171<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>30
<FILENAME>R12.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Employee Retirement Benefits<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PostemploymentBenefitsAbstract', window );"><strong>Employee Retirement Benefits [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PostemploymentBenefitsDisclosureTextBlock', window );">Employee Retirement Benefits</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 6 - EMPLOYEE RETIREMENT BENEFITS</b></u></font></p>

<p><font class="_mt" size="2">The Company has an Employee Savings Plan (401(k)) and matches a percentage of employee contributions up to six percent of compensation. Contributions to the plan in 2011, 2010 and 2009 were $479,000, $456,000, and $420,000, respectively. </font></p>

<p><font class="_mt" size="2">The Company's U.K.-based subsidiary Austin Taylor maintains defined benefit pension plans that cover approximately seven active employees. The Company does not provide any other post-retirement benefits to its employees. The following table summarizes the balance sheet impact, including benefit obligations, assets and funded status of Austin Taylor's pension plans at December 31, 2011 and 2010: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="74%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="4%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Change in benefit obligation:</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Benefit obligation at the beginning of the year</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4,919,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4,623,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Service cost</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">36,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">46,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Interest cost</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">239,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">257,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Participant contributions</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">15,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">19,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Augmentations</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">46,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Actuarial (gains)/losses</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">62,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">254,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Benefits paid</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(162,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(147,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Foreign currency gains</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(5,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(133,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Benefit obligation at the end of the year</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,150,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4,919,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Change in plan assets:</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Fair value of plan assets at beginning of year</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,269,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,023,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Actual return on plan assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">892,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">464,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Employer contributions</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">48,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">54,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Participant contributions</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">15,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">19,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Benefits paid</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(162,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(147,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Foreign currency losses</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(6,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(144,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Fair value of plan assets at end of year</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">6,056,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,269,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Funded status at end of year &#8211; net asset /(liability)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">906,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">350,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table><br />

<table border="0" cellspacing="0" cellpadding="0" width="95%">
<tr style="font-size: 1px;"><td valign="top" width="79%">

<p>&nbsp;</p></td>
<td valign="top" width="8%">

<p>&nbsp;</p></td>
<td valign="top" width="4%">

<p>&nbsp;</p></td>
<td valign="top" width="8%">

<p>&nbsp;</p></td>
<td valign="top" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">Weighted average assumptions used to determine net periodic pension costs:</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="top">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="top">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="top">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Discount rate</font></p></td>
<td valign="top">

<p align="right"><font class="_mt" size="2">4.7</font></p></td>
<td valign="top">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="top">

<p align="right"><font class="_mt" size="2">5.5</font></p></td>
<td valign="top">

<p><font class="_mt" size="2">%</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="top">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Expected return on assets</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p align="right"><font class="_mt" size="2">4.2</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">%</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p align="right"><font class="_mt" size="2">5.1</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">%</font></p></td></tr></table>

<p><font class="_mt" size="2">The plans are funded through UK government gilts and an insurance contract both recorded in the financial statements at fair value. The related amounts for each of these investments were $3,193,000 and $2,864,000 as of December 31, 2011 and were determined to be level 2 and level 3 investments, respectively. Level 2 investments are valued based on observable inputs such as quoted prices for similar instruments and quoted prices in markets that are not active. Level 3 investments are valued based on significant unobservable inputs. </font></p>

<p><font class="_mt" size="2">The Company does not expect any plan assets to be returned to the Company during the twelve months subsequent to December 31, 2011. </font></p>

<p><font class="_mt" size="2">The Company expects to make contributions of $48,000 to the plan in 2012.</font></p>

<p><font class="_mt" size="2">The Company estimates its future pension benefit payments will be as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="60%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="85%">

<p>&nbsp;</p></td>
<td valign="bottom" width="4%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2012</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">351,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">2013</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">280,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2014</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">471,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">2015</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">252,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2016</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">227,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">2017 thru 2021</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,043,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table><br />

<p><font class="_mt" size="2">Components of the Company's net periodic pension costs are:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="65%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="7%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="7%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="7%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2009</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Service cost</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">36,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">46,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">37,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Interest cost</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">240,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">258,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">261,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Expected return on assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(267,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(244,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(226,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Amortization of prior service cost</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">46,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Net periodic pension cost</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">55,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">60,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">72,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PostemploymentBenefitsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PostemploymentBenefitsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PostemploymentBenefitsDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for postemployment benefits,  which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 112<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 712<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6410195&amp;loc=d3e80090-111668<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 712<br><br> -SubTopic 10<br><br> -Section 25<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6410138&amp;loc=d3e79691-111665<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PostemploymentBenefitsDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R11.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Goodwill And Other Intangible Assets<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>Goodwill And Other Intangible Assets [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock', window );">Goodwill And Other Intangible Assets</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 5 &#8211; GOODWILL AND OTHER INTANGIBLE ASSETS </b></u></font></p>

<p><font class="_mt" size="2">The changes in the carrying amount of goodwill for the years ended December 31, 2011 and 2010 by segment are as follows: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%">
<tr style="font-size: 1px;"><td valign="bottom" width="59%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="9%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Suttle</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Transition <br />Networks</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Total</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">January 1, 2010</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,271,986</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,288,231</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,560,217</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">December 31, 2010</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,271,986</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,288,231</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,560,217</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Impairment loss</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(1,271,986</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(1,271,986</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Acquisition</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,702,340</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,702,340</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">December 31, 2011</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,990,571</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,990,571</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Gross goodwill</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,271,986</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,990,571</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7,262,557</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Accumulated impairment loss</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(1,271,986</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(1,271,986</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Balance at December 31, 2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,990,571</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,990,571</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td></tr></table>

<p><font class="_mt" size="2">During our fiscal quarter ended June 30, 2011, based on greater than expected decline in actual and forecasted profitability of legacy products in our Suttle business unit, as well as, significant project delays that occurred related to Suttle's new technologies, we concluded that that these events and circumstances were indicators to require us to perform an interim goodwill impairment analysis of our Suttle business unit. This analysis included the determination of the reporting unit's fair value primarily using discounted cash flows modeling. Based on the step one and step two analysis, considering Suttle's reduced earnings and cash flow forecasts, the Company determined that Suttle's goodwill was fully impaired and recorded a goodwill impairment for the Suttle segment of $1,272,000. This non-recurring fair value measurement is a "Level 3" measurement under the fair value hierarchy described in Note 12. </font></p>

<p><font class="_mt" size="2">The Company's identifiable intangible assets with finite lives are being amortized over their estimated useful lives and were as follows: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="95%">
<tr style="font-size: 1px;"><td valign="bottom" width="40%">

<p align="center">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="1%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="10%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="3%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="1%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="10%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="3%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="1%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="13%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="3%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="1%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="10%">

<p align="center">&nbsp;</p></td>
<td valign="top" width="1%">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="11">

<p align="center"><font class="_mt" size="1"><b>December 31, 2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="11">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Gross Carrying <br />Amount</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Accumulated <br />Amortization</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Foreign Currency <br />Translation</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Net</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Trademarks</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">81,785</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(4,599</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(4,520</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">72,666</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Customer relationships</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">490,707</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(19,316</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(27,114</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">444,277</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Technology</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">228,996</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(18,029</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(12,652</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">198,315</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">801,488</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(41,944</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(44,286</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">715,258</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">Amortization expense on these identifiable intangible assets was $42,000 in 2011. The amortization expense is included in selling, general and administrative expenses. </font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final.  May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16265-109275<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 42, 43, 44, 45, 46, 47<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16373-109275<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16323-109275<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>32
<FILENAME>0000897101-12-000451-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000897101-12-000451-xbrl.zip
M4$L#!!0````(`,)Z;T`4]=,2FHX``(%;"``0`!P`:F-S+3(P,3$Q,C,Q+GAM
M;%54"0`#6T%B3UM!8D]U>`L``00E#@``!#D!``#L/6USVS;2WSO3_X#3);UV
M1I;X+M)Q<N/8SHVOB>VSG7NNGS(0"4EL*%(E2-OJKW]V`5*BWBQ1IBS953O3
MRB2X[U@LEHOET3\?^@&Y8S'WH_!]36TH-<)"-_+\L/N^EO(#REW?K_WSPX\_
M'/WMX.!_'Z\_$R]RTSX+$^+&C";,(_=^TB,G<<1YQX\9:0_)M7_'$G(3=9)[
M"E<R^,1HZ`W':BBDER2#PV;S_OZ^$>-0GHULN%'_X"!#]I%R``Z/":Q:0QW=
M.<D01^$AT9NJT=0452/VH>8<:BUR]44.?&C'`0'V0OZ^5D"(EQM1W(6'%+WI
MASRAH<MJ<N1AX(??'QF.M]M`5S[\86;\O2Y&JX[C-,7=T5``Y/FCL46X5E/>
MS(=Z;&H<9VZC&]TUX0;RJAXHZH&N%B'[)7CT>61H:NNQ)^2(_('?W4D1@I;Z
M?,@3UN?X6Y"D:F."P&ZZE`Y&SW0H;PO@V8UY/'!_GAB!&K7YOR^?;]P>Z].#
M$2>@7T*.4+R'7-RZ9ATBQ'V8#`?L?8W[_4&`'(MKO9AUWM>`C8.<U,8#]VJD
M*>&@245APA[`9IF;@*D*"X([;G;9]][73M.8XKUO*OP+A#G?;J-OJO9-S_[*
MF/MVDX!QX@0Y^R/UD^%)U!]$(?S)CQ]\/AH%E_M1>)-$[O<OK-]FL>0)<,)0
M>"S["_[V/;S2\5E,!*]L0E"Y:9R<_UK[H.`_FM92U*/F^+$Q*,ZZ2-CH`ER2
MEG?('@:![_J)I(5X/HR3/B$C^/!1MFH?\F$S?!TUYZ(8$]6<I.JH.2&`HP&+
M_<@K\)#0.#D%6CZ@U-&*D-OQU=%`%GKC8:H&QH:@O<*@HV8!^%$S4_:LYH_Y
MM\O.2-6J6E+5URRA?LB\,QJ'X%?YJ]+W?.:J5KJ<^,D'X3@R7>;7GE67QY[G
MHQ.@P17UO?/PA`[\A`:O2J6/\OAZ->M"6),&&%A<)CT6X["8]5"&=^P<8J(^
M>UU:7I7?%Z-Q9>^7M^B7E:WJ<N^77ZUF]W[YV?URI1HOO37:^^4*=3G>^VQ%
MEWN__&HUN_?+S^V7*]:XO??+6_3+]E9UN??+KU:S>[_\['ZY4HV7SESM7R6\
M]$S47H,O?<^ZU^!+CV[W&MSZ.CCUAAT6PL(;]OT+G5T-A(IOY&5=Q](W\N/U
M=KTW\M.6HDQ8RC[%_!(L15G-4I1*+>6)53M[2]F"I3Q3E4^UJ\\^6;9?5_8V
ML%\Q]C;P$M>"Z6S`QO6UO6WR+K%6[?[QJ;'>_A7)BY_'2RQBZ[:_==>F*EN7
M074YW&HC^'U"\.7&[4_,'.X]_ZNSB*?MY/:^X,7NWYZ:&][[@M=N$5N/@+8@
MDNF2DZW+H.I:#.N;KNP@9XIUH"M/XTR71JSM$F/:@:(+H]U(X+YU3I\I?OG;
MP<'7T)\YA)[B-103WE3UD30\_PXX&2/'<1=IGX$LH[%_AAM]1GD:LP_9L?[#
MKS>G1\W\XMB/SW]>@#UE8=3WPT6`10>"0]ZC,>.+(,^".&H6.)"#YC$\-O2E
M?"P&,@-C,<E%(*"1VW00L&F5P/6S0*RLTW<\YA\>PPT/;WX*:)=D*K[&%@1+
M#;U#`\Z.FC-0QL!/TCC&BSYW:?`;H_&9M*]R>`YRZWP,Y!CI:=;S0PZY$A;\
M":[Q<E@__281+@2W"",2M08^_.\\C"-PL_@D,6O)M#CI%X*<Q7@[')1$!(O_
MKY,H$,88\IEP9B=P/:;!>>BQAU_9L!R*HKM<"'(&XW@W<2,FUF6:X'*`W60F
MT$\M9`0GG+@AYRKQF.OW82:\KYU??*I]L(V6HJCF!"6/H)HA2YKW-1M$<0+W
M,2HN:TF_H9=8!G(:\2<_8/$)*+T;Q27E?^RZ+$!/S#PBP!2Q3\"=1GJ5MB%,
M_Q1$-)DC\W%8-"5TK2AU"(E5U0'E@Q$4$1=@3Z.]9EV?@W&$R07ME[3GD\LO
M7[Y>G)\<WYY?7MR0F]]N;L^^W)#SBY,B\DD,T_C_&P5I"`NR%$Y)[5Y$1413
MH*8Q_1\+@E_#Z#Z\@44#ME/>.><I1"!/P+@`I,3\N\NQ#B-.F7<2P0;/8Q+V
M'.T6,"Q3+\QN2]./FHN@CW$C+=ATY[)3F'1?P07$%U%XUA\$T9`Q<?%R@$]>
M!31\5!C3VZ]EI-J:U;(DI>O0\GR<5)I:6"H5U=)>HU1F4VU+3=E4=E(.TY-^
M"1\MS5%>!"//:>8MS7@9VMVTE6]1##+`VN:4GXD(-1F9/(VCC4MEPR8R(Q6G
M4J%\CL+N+8O[2!X+.<W'\<<"C^6K>4NWP6-+,A>B>"(52WVM9NM*:W4B;NG#
M1Q:RCI]\BJ,^B/`_*0TP@>059/BH+<Q4'BR;[E9+4K<:ZDV2^ISN?HMLEPU+
M=<.QU5TA]CEUM%W&2P95FNIHRJX0^YQ:6I/Q0N%_!)M@?D6'M!VP+-_Q),]O
MZK9IFO91\W$<3Z5CJ4D8NF/;QIIT7#.7^7<X[((E54A%;9F&H>K6+#GS4%5#
MU/+L@&%8JFK-D=%*1&$R01X.`=-C'"S.K4!25LO6'7."I(6(JB%IN2DIIM72
MUR1IV<&:SQ'G(.3+#@!ZDN`.--NT]-8$F660;XSR%;)4+4NQJB)\OCM]DFAU
MPW!4O:442)R/Y<FD+)65;IJZKDU8XVJD_)[R!-<B?ALM>$+L#$0[]F*,/+&-
MN$ICMP<CKN*H&]/^-8.%C?L)NV'QG>\R^0H$G$?4#?V9Y.438V5=-5MJD>VM
M</3BQ/JL,>->1:NHJ/0>Q%$<?2_6LF)]5LO?JV@E%97<UQF&;3O67JYEY?JL
MR9R=U%$01/>8&OT4Q:=1VDXZ:3"[N:EDOZN8(A^[%N8-$;T\XFY51S3G+'EB
MLEAQE!:6H10($E#+8EJAW,&R3-M1K54P56$=MJ4IAFKIT_@>$645^K4=Q[`F
MM]&+T7Y,N1\RSF$JMK%R#R;3J<_=(,):N5L@X6,`\[%<X<-/0?+.\^]^ZB;O
M"/X>X"_\T8F0M8!R(/1;/ZD1[O_)WM>T6CX@S7^T\<?%Y>T9,<A/M#]X]W=;
M4]5WY/CD/U_/;\ZQB$2`;K;S)YJC9YN(9O2'0/[C#S_^L#HEER'Y=QH,B=:J
M$^2H3F`C2M!9T7!(J`O.*&8>N:()'7`W(J>,^]V0D\]^WQ??K.J(![[^2GZN
MY8-JOS3(+5P<9)Z-#&)P9"2)P"%R\L:L*XY1AVE9EY_:<BGOC3&)45A@]09,
M"D?-A>6';I!ZC,,/<(IRJUDH)0&JWNAUK:5*-![KL!B!SXXR+`O'`%K2!N#@
MNTF4)B2,"&[+8V".AD2U21^$V..D$T=]P;"@E\OURH.1=?+&,B4H/R3W4?Q=
M%(EE&V$Z7BKJA(8>>=-2U'PPVAL,SJ;"F#[)>*X*8)[0;LR$B(#0X10SZ0"O
MO[%56\`M`$UA)10TCY38SB8"Z3.&HT@7OW9&^C3N`CU(7X3I")!">-"!F1*Z
M*.($;C-D0&@-`4Y2(,B:*[_D/B)#1N-'Y-<@QT'2B]*NA-RG#WX_[2^4#?'Y
MB-=)DT4YQ7*U_),5!`V7<1CC"7@/M-P.]6-R1X.4Y4:\$!E-Q'VD$\<6:$<=
M^7SQDTA-FS%0,@U<F>DA[?Q#<(*>!S!K>))@;=PCB(16J)NDH`A0OC`ED-*0
M>'X'C'L,M!.D.$HF\_UY2-HLN4>2!*8H"&@L@..?`U@(/5!%`O/<E<=P='6>
M8^A1KR#*P*=M/P`Z84+BI$*)ZT+J,9,\@VU$D\63!2'E_#1()2X-9PV52RCR
M-47<:!+<LY@)2XD](#"3%!(6!;Z7*2K`4('P'DP38?79J-N8AIE:+D"8,-GY
M/TAV;`@-+;.G61\A]0MV%S,^P$+K.U:P0S[7U5$(6=R1T4\:SP)CSKG/?>JT
M&.!^VL^NCRPTPX.789Y&&"CQPV4:23!<(CP9!B!^Z3\.`M9)#HGY]EV-M%&X
M,:[4Q&5!P`?4%5]BS/X>4,_+_[[WO:3WOF:9;VL2@0`?Y["1A`/4\B%1!P_O
M1JMHXB';L"2]K[6C)(GZ(TBVED,J&@^NKV&;#PJ\B%^)5\"Z$*9>/4AU`R"G
M.2?9N-CO]I+:=HB6/^.B;A?KL"J)5"99-T+C#7,7,R-9%V8^[""7^"=U-$"$
M<A.!UU2$-SOE-L#NXSII=X'K"&;OWSVKHS.[]BBZ?*)BZ'S@AW@DZ9`<V`W+
M'$!H/.$:LHO+I"5%G>\2I$\K(9MRY)<QCC4@+^/RS<88FS/WEQ$#8;>IU57#
MV::TU_<7F[+$JS@:L#@9ULD`XH)$!O*8K1G@NO]\L_99X:QA/JJEUZV6NG=C
M1:&<AQ#[=GV,EEZV)]L(Y#6LS(9]G6';>Q=5%,J_HLB[]X-@[XS&:UE+T>JZ
MH>R*.]J$6>R"BO!>+R93`?$H\!WM'!3E;8V$$>]1#VYD/VJD.8:RB^A>UV)T
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M6L]J->[@`KEGJ!=$>\=BVH5+?6S;]6=632,*AK$,Q)9%5W5RW_/='DRJQ`7Z
M1.7(#(B4LTZ*RV1G5`Z5,Y4GE<?%,I23`8V3?."C!2MAE(@@'YY+W0196ECF
M(Z]GU93CBL[5RC8G2SU/*.\=AQ[^#PO"P:Y$+7AR0N-XZ(?=_XI2F<65IXJ]
M]$"RXYBJ:15.`:V$LV(REQXFTU3-T8WB\>`MD+E"9;35LEL3IZFW0>;RX_>:
MB2>_E`V0*>O\ST,W9C"53IG\?Y7G"@]LR[1555]&_'Q*-L-#V1-B!X:IF+:S
M5`'/RD/)LSYF2[-54ZN$A:C?]V5=,0+(JU!=+/)[X/YAZ`<08L4IJY6=G<U-
M()HGFM41[5:M?FNB5A];/I[??CF[N+TAQQ>G\/?%[?G%O\XN3L[/;L2R-B[M
MJJYX?T31Y4#4TH9=$J"1Y'6;XEZQB%S>)0$$$W723OT`RR_Y9"$+J,B#8"6:
M`BFKOB,("6$-#@AF\;)R;A6K>TT9:T`()+;;(GO,'O#$$P0;$"^\,;2L&/^-
MH6BR(AOKX`U#R>O@994QVJ.XA2ZM4"<;#!OD)FT+8C"T@H@*`Q(FXB^!`6';
M8\BJMCK@Y07/B"%J0W0J*F2EB,(H=+%`.!"!XHS`0"I]^IV1/D2*6,M.PQ"K
MMSMI`B8L!XU+N0LUMTM,0Y;<EJ^L;6$J:+9<,=_)[7:A[;PZRWW=[6ZF7)9Y
M+>Q63<[D08#"K%MD]_MTS<M*UZBMAEZX*-@^)(H?KF@>V$)[G[)YAI2-VC)Q
MA=R1A,WFG%,%!JG_=7S3,FFT2MK,7].)0=`-V[4.Q"HOU97MRAOMT2Y+6[1G
M^NMXJEWP''AO_Z)[_RJSVF"GZM#&UG9IF7JMUO#HY-2?UQ=4C^[9WSOB`)&R
M*];)M1.Y,18WQ/EP?-G7Q7=VV2GP+$7U#TYZC'I_I#1.\(LQ>7H/7\(-9"M8
M3(:)1A8!OF+D"0V"+/L4>L2E<2P.AX?X^A'"%Y[(?@%1AU@-6W_;F,3>IYC'
MXDC%%QJ[/2+S9I8<5CSMGY^CS^@=01!9.YRH63YP3A)N"B>PPIF;8N%@>RB`
MY5Q6V3M`YNEB)LH'I(`Z48QO-T/7'Q0;,$QSA*^&2Y^>7^.0?&6IO"0:C*`Z
M2@4IL2)`=0V`Z\;[B+>\NBO+-:R'WM!6W$VMMKRL+8-UMK=K<FQ6PO$&[,#8
MIATXRD[8P3KEZNLA,S5C1^W`VJ(=J$IYJ502<&0]"'&QSEYR89E2\2WB94AN
MV"#)5F=EWBLRL1")5CI)1*AX-1M35S;.(>>?;O"%F-\?9-\9I21D]^0,GX&%
ME3-RS7@$9#""'RL)D92?SZZO?B%\R`&M#`1@.:9^F']^44#/@XMYT8.,,%JZ
M,^XC-GINU$%L\K5<@7VQZ".#LG45FWEC47^&MW;5+?73;^W,ZE^`&2^B/8[]
MXM[2;>!-Q/XMRSKHURF,U<NF(G8H=[G)`/*5OA_1E.V](:DD%OCLAV+/[\):
M[L\D'R;:49(WJ@A<Q?8]F'A.E@;AAV`Y^43C;D0^TO#[=$M+#QM%3J0*HCB.
M[F514I=BCD*LP%.PYZ[ULK0GJ_$1W?'"!/;O^3,"A`]@[Z@O"W9P>4\Y:Y#S
M/-T!V_D"`=GF?OKYA'P^_WAY309!RHG:4-^2G]5&Z^U<HK)&J#G9V+ZSGU5&
M^9@[N723J#!>%[1/)CFR8O*LU#H378-<IO$L6`QN4&ADW+33C>X8_!Z5HXO8
M*3O=*\KEZA"')5E!55:'GI>>XXW[*(;H+2MAXI/ZP^A*]"^%H,X709@(]6@0
MS"5`-D:<D^)9$CJM9K_'\Z'/MJU$BQ/=3;%S8BQ)'-4<DI^9+VX6"[MD(]3Q
ME5^$Z>2]7465&^A!)L/B#/BH)KX(O-@-,^Q&(MP>9%TPJ^I^.9['HR2B6V@]
M+GI7\<=G=0!/B@(_-`N<17=,/):UI\0OB0[BZ,['Z#F8Q)+X8O0$1N`6+``E
M650%[A$2&8JCT<4,+9?\D7_*"\0*<T``2T0]K#3-"`;>TQAN9RW4991.W9[/
M[D0GVPA[#(MIU!=$BKV"1`FBAL%]U.,\5KJQ,%.PHEIAI*A8Y36P%F_4G[7-
MNK[<HL#@XEAY]D+B%[UPLP=8..J4G!W/\"<?S,@&=]5G28,<(X]<MB@=Q,!9
ME/)@*&E@=RP>9E:&.Q/9&3;.FA?+[0B2-H77';I!/D'ECN<.VX=BYO1*IC-'
M/5#1;.$I4$F6_ZP3S^?R_.003=QC%,"(,R%MD=:E*$7T)Q0;E/I3?H+*STB-
MZD&Q1:QF6UDYJ*-9XZ+-EFX\4K59GR[;1,#`2;8'E+80/&+W2U8.(6_,2,OL
M1%9'6F_I69_A*>Q224+L\LD"W?"8KA<K4#-HV9^*,WH^WV7BH1,T<$%2KBTI
MX5%;90E*$UZ7\A[XZVD8JI+!T$?KH`"87Q2`^2QD4WF;0Q4/9G]S_$*!U*;X
M209XTDCVSD[D82=)`1I@$K.\?RP37V'(A8ZS46ZWO6(;7?'Y`U+\,`(P$B5A
M))H4@QE7[1(OI6LO%I47<QSGDBS8H\/J%6.#[326YIHWS)Y<36"A!I..N/3H
M`>MB4QU7Y@[$&Y6`^OT1^P`+(/)$%`9C_P.<MEF,PU.W-^?1Q@@5>`G:E8M\
M=J8*Y2Z;_<+M8@B%;RJR7,4D2;AF28J2'L65/0V\T2((WH5V.F#<4Z^4Q@LY
M,"I;&4>B?7$:2%^YP@*VX%Q7N5+_V6,"V6>`3WUTWZ&'!R;$YS9@@@<TZ_:^
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M/"PP+,<QU%FJYB#Z?_:^M<EMW&CW>ZKR'U`^3L5;Q='+BRB)F\U6C>W9/4Z\
M'I=G-CGO)Q>'A$:(*5++RXR57W_0`'C3=2A1%"2A-MG52"30>-!H--"W5BC:
M7M.[;]MZ?[@?11_+3&XO*WN_O;+ER+:,U52M[*P]TK9S5G\X<`;.[K313=LC
M/&<.G@48/E`1=%U-&-2B9*$+8629-9;;3D"[)#?>-4;V:#0Z+LD-Q8UIZ/K0
MLO<BN;A@NQU7+V"_<`L5VZK*VK7"0)#(D'=C5,N[<7=_^^Z?D'WC\\VGNVLH
ME5E>Y[)/[2;;R(2_@X%N"O/4A\)&5KO)!B\VU#()M[FKO3D2I@NXK'T;@4',
M]:-9*FJZ,9?\.3*<RE/EE6X"\SJ)`A^B!-P9V+^PO_!,@S&^><4>+A^!;_,2
MH"M^0FY^IY)4[(O"C`"6T?&8>!C2EGW#\XJ=#P8&=MC\&^03RO1I%!=E#L&:
MQJ^D^87WFTKSXN7"OOB#)@P:`$"^=A#S\TB8H2>-B0=XLJ>6O^%F0:UFQ*O\
M0%$I4ARSKU_]4'^6&5I$&V7!38%";GC1A)4'+)Q@S<K3G\$@!?4L<".9]-#O
MK/ZG4;ACL%GF-_3@*L#.Y>(E*!OY`,X,[)YHEL5)YE*N`XLL[Y^G-TE7S]_Z
MB07O"!]<!1+N""I"-&HLPR_]4UQDF>/<"Z;[?#JA@YA5`EUCS8]"L%8(A@%3
M!LN+QXH8,@OI1O*YI6H2)9#$+_%B\L"K/Y:&TYD;NX^Q.YNT69!R%264'Z;`
M*\)85BZ!-6PN7!,6N'V),W,[=ESG>/$K7QRB,\9:#Y3W>FA)MFB;)B^W+?+9
M\S'86TG(Q(B;TJ65/?R'V9(BD:,'<*W('2%VW"#G@A7P:`B[E)R56"`<8#9B
M9HNZRO\2UO::[+OFQNZ[JM#[392]?0-/<_&UZO=7/P@C6;E8RE6U!#ME0FC3
M!7\N7H;SM<AM5*O9"=LNXS*6*['NUO/7I+Y0%^4XL_0'250'G"3+Q'"ZP<*/
M6!0Z;0J7W@)T/+49XB]S(V$(?[O"/0K><HO*]JP!EBRIF+)5L&DOWF]6+D](
M3869*9();N'Z1*>6EU"ME:<&)J9MF9II#C;-#;B@`#,MP9V0[^M6&_,KX>6H
MX3W#TBP[[P1\Q@I@-`#M.GO,*-C&*K<CVH_8HP6];I7B-0L8:%XPQ=(%#^;K
M"<'CBGN,V"\ARR?4L'ZD&"8X?F*9.,&;9_4"XES!7#P8UR;KVEUDPK;<M59F
MW')&?:UOC/*IY.[^+$MI[K3'ZW2+U;AEGVI7[>/>"K>S4O,!#BEVK;9UO;N"
MFVLB03`,G6"H^DL)`"B81K%^W\@3NO$5SKBKOCLSYZB8@!.)\#_AK\#FM'K8
M],!Y=9/W5&+`!6K^=Z$)_E[,4^TGH'?U]L1V09&_&5D+^DP-#^9X0S7*:$JW
M*(_Y,>0#S!?]Z@7@E0?TJE.4J(C..JH)KJH7#Q6#`1'N5UPQ!4D+>L1TBGVJ
M2S+_H'M6>1O''BE2XU:4TYS*9U&8G%5PAFS`."UW$%Z2NKXC5`N$IRPFIB@E
M7=UA\X'TQ-R5/69K9H,[I2(ZQDJM]KPG]G*+^E"]:P`AR1+P6^'^0[3'^@DF
M`@^S"7D`?]=\MG-=1B@\PO>*NZ2&(68[&I_<!.-O3,PQ3\.=%1*WLO,)O2)7
M)>AKU;V0[I+)ZO:?>7UZEK=0JY[?IGSPR_-2&SM=J7FD4E61*R:5DLB\&I>W
MI)Y8RCD#LI5362L;MD%=0X9P@0,$^>=\1;[,5>\0LO@01^Q25)4;K^$X)JIT
M^>95Z;W&19RV3CRM/VK5Q-V*\R5SLZR>(',VKQR1&=JU4W(/#NT5B9.41\5\
MWLOE7QF21\5?E`*I`4[8J2I<+Y%6BB(A(+YD@3BKTS7(]2,J>:C&%S-_6<&M
MBT2M&#\TL0``3[Q>:+X['B]KIQ.*(O,[#@A]383]U;P3N2;Q[PD.2R&R7534
M),56'5GXB(MUR`1![L!;F:*J&("?BHV?DB%$0OT@2<;"K[`J>AXIB71`-X6"
MO5)Q930P;\-JKZ*7.CL5'N_USJ&O7-=O:?6_SYBJRJDLU)67P"4(S\^\R;(<
MS#5SB%9@O3@#S;0+&4<;8\NL4(Z+!9<GU\];$YMH`H;8ZCY:72JLLT)M0*;]
M%ZZHL/-9Q;>\.+(Q77VI!=E@K5_7U;:7Q87,>:0`VQAH.A6Q.=A$+`3FU"^B
MA86C[++/?*Z792L$]X9`!GZXPM]3%H[CQF&^&R^0NLH%FZEK)*;DB&0K,"60
M0J#@DP*%)(7WQ=]+.C>3$O`O,L4++O-PRG\A>L.A9H]&BZQ:D-`$F!=C#WTO
M.Y?SV`8^$M=+03\*,W;$R[5I)OH7QL/1S[&IJ+.514:8G[-63$=U&\AO5U;1
M[&73#(IN/.$5K)-[S:>3&&^*\JYYTR\-2)!?8Y1M3,+O'W=GE=J:39OQ#24C
MXW?%IF84-QKLM+0LWGBG7GX+)L:ZBJ62212G5ZMX"N:.,T,L/&$PG/KX[1W^
M[F$,DM>`B`,.D9%#%K!HDR(?#W\Y=>/'O-C*VME8P4PK!K>TN,,(@?TKY@K0
MNBDT#W@'4ES,L#L<.L?`I/4-:Y5FQ*>V=J'-./L9Q#7MPZ]?;/.;1/\_&8L`
M8GW0_X^QB&+C48A<O:"M<F;+,R$PAHLQ%_#&P-3,OE5>V*RZF5BE<=;%G4_\
M(JAA\29@61'.VX/$5HS!Q!9`G^21-8>[^$E0U7NTY;/'/;O5+^*WV'U7DDVI
M"LZ,91[ER4=<Z*<EZU>C/];I^O4C)4QP95.OS/""+*28-P_8W#77!4O<5HU2
MWSV[A=U&+JLM.>E;:/(DD]`K'!0.QRM*T%HAB`,U2Y4ED'5A+M0W=K%^1S`6
M(A>Y0"^=6];)X',;^+\7"]6Q7V*>S'/A=KWZ$]7VN5*B(*OA4F;0JGZ;9\7*
M1&4?&4"[*!D!SW6?YEJ-Z!Q'M'GAR%&FMW:*JOAS+APV]%$#\2-5CC)9RB=8
MMJ%9]E'3CUU,JC>GYSBG"K0L_&KVAJ)L\3&1W$/WZ*[&S#6W6;6DH+6E);6M
M;36J^M!MYCW9\7!ZPPM*S*B*ZFU@A=PKI(FTD&47D6I_>C/0^H?.YKJ-AA].
M<!)W$>=Z;VB<X%`[!?%8(S@)#>D7;M-4.E)%?AE#2W,:'0@[E5>2PD9ED='D
M+N+$N4@&7:HC&2+#1,!OJJ;BI;#]98QR\^(^K5MH=:NW[_8Y<HY=!..";J&'
MPU,%6A9^[?>&MKJ%?A%4ZA9:W4)OQL/HC9J4FCIQ.,Y:NU+7T))L4&],X_`*
MU38B+N0>>M0;GJSFJJZA)9!ZZAIZA?QZ8:5;=0M=5:7ZO4LJM2B#*J5NH=4M
M]%FR_66,<O/B/JE;:$,IH?MNGX.CEV*^H%OHOK*:[(FAW;,L=0O](JC4+?3B
M^F/YBQ0>U:/3X'+@.&OM2MU"2[)!O>G`JK^-AHNYA%;Z?TM"[S(U)'4)O<(7
MVM3ZEKJ$;FS/-]4EM+J$5I?0ZA):C5+B8])!+J%50-Z>VZ=I#;21J73Y_;40
MRU8@[GO!;%Q*LHV:,)1H4SKYS4V-\GQ&V?U*W":AQ%4M2RCLKDB7W4!NG3@'
M;-T0!WUMT&A+[`R0;:0W,5RWC9K>,RXH.&$;'/W>L+G%^0).1S??9[S":!J)
MHIK[R2)9=$:IM%'3LK61KF#<5Z31DU%?@;CWR6BH3D;GN@U*1)T:Y4F,LK(2
M^4<XD2PWLDVLW.>%7I_R>HIYK;[%@L:5PDK5LNV\WDV"J`Y"IJZH><[K1;/:
M<%F2%W)Y&[C>MZL[;Q)!04;^^A7DR8<'II&/`UZ"9['@C$\2VLF<%Z6EH\BF
M>2V9I*PK)-[?(!OSS/(Y/KO6A'':*PFS6`AC#_8YL1(@B\5P+K44BL*A(QPZ
M+0DCP295%@L8K49VIT(>_PO%/V\6BW`Q<AX*PB0XHY_<Y,!S4EK]SP3G-JO9
M%#<K;;*\["5\BFBORQJT2+2FA-L^4W$<X:8*[\@_HKW7P@'<]XN;]:<(ZC0'
M))TW6/FRW#`>KN5=[M&'O0,G`-Q&P5].<`IW`[J)([0">F>@1R<`])YJQ#8*
MOI#D&QI#<68"FP48(6,WQ=VI2<>^Z-T&D-5K8O7J=.E)BUB3?4(A)B./'4]A
MFT0!\Q:?X9A$*I1V3\X:'-_:+%W+.\`H@=%>NI9/$\8#JU/OR1/Q<>BC.<&!
MBHFM>`"VZ@YY`3I!7VE1C1%KDAJJ8RV*?]S1O2-*W0!E88R]Z#&D/_C(BZ8S
M'"8N\][`W^$S1L]N@EX;.LM&IJ'7]/\NE42O=32.N/<'D[X(\W"\)4=3G@V.
MO0-WYAJBIT%0RL@3#N8:>IX0;\*<1"I>JP\85:B*GH2;28B_I\CJF;Q'[A'B
M/C[&^!&\2>A),R9A0KR*OTH0H*@2*\@=2Q*-=E9ZZA=?`HGBCQHUS(?V#?,P
MF4891?1A+LAFWB5N_`VG")Q56)_PG?""X>XG%'[P=YGG/W(5E/;@80S6TA<U
MPOQEZ`_,>^8'/B<#FZ751@\N.+N(!Q==<7B3JSR`.7XK4"LQ$)EGD)_%N:<.
M0"^Z-P1'&".+T<'8PM+99Q)NG_P>^D3'[+G)A%(9`1H)&L?1E/63=YY/8]6Q
M*$'/.,;H]=#*>;+6-_#E"SI?Y4^49%,Z%93K$C$%;IHE0$*]^RI/K8+VQS6+
M>%__(G;%7E4R]G`P.H#WAW(H.2D<%LF\5!S.T,%H_=Z_8,;^XH:/3,;F:<;0
M9]@P^&&J8]/VRRV2&XR>+Q[YW<2-#S!.V?T6_HV!J^F>?DVU*O>17<GG[J]?
M\-0E(=USJE_><E_>CV2,+Q:L*AXK<*NOG6,LG1W$!?PFI57_Y5-\G"&<GZO%
M^8UH[R5SB(S7PYYAP7GR]:@W4#%O6S2N;6CV[5/.CBX+BD:O?_S+\WU:WKKH
M#C:P70P5/?NH:>9WT!(:80W!F4S`.3VGU4O3T[926):JL5FS'O?TKM,VR`Z)
MTQNT:I>13?4Q])ZN,]%@F#VU;>^]@DZZ0+DL*-H]Y[25'UF`I*O;.6IZPT,K
M-B"T#"Z^^CU5J*22Z-]IF![TS/$8Y,9I!<F1:ME41`'_N'ON"V%*!U<$3)YP
M@B";1>A%4XQ2]SMZP"$>DY3^'+C"4P!LQH\N"9/\'1]\!:+QF'@X3I@E^AN>
M(SR=!=$<TQ:?)Q&:NM]8(HL_,CKR\1QLRI#6(DJ(,#;GUN>B3>:<49K'^8N$
M);R`^S7ZS(*]FGDVA"B,PJOR8?&C<*/@G@W@>E`;6CF*BG,!M_^;N4>(99?F
M_W66_Q6V]VI'O/L$35Q*^P/&(?)B[!,!*QC"@58W0#.7^%>T"\^=D=1=G]6C
MV6S#`QE\>(_'.*8]HSN&7R7/-&LZ*SK9M\<7.!]X$[#-)7D6DS!C+@9TAOR<
M2#[)"3-D5;*Q<-H_0_(5#K]AH`\%9[#O"Y<:X8RR5+T18._,K6'4GE>#<[%>
M#7UES>\&A\M-%Z+,[WL/>Y/Y_5>6&>N]B)/+O_T%,G#]"WSS6@?K\C@7GI/2
M&GD&0]C,*@>X552EJ'=I>8<C7`&NV43RR#+@%PU1*CNA)'CO+OL[K!3(-DU5
M)[!Z&6MK(^N"J@=O!<3N&1U6&FAS&^QP'?T+)\V6D53B79:=\HVI#>PCY[.Y
MD!K#=%GWCZK9G<3VJ`KI+J]1>BRP5"'=YLO-E,9%I:/%)0.?PV^JQ.SQUT<W
MU+6I/+YH6:M*JAVI*T-#&_6/ZOTK7<L[GN6.&CI16:#\X^[N!95"&)4J&R1!
MGAMX&?<I6!/:[P41*YU1"_%/\L0!9<,]=,V^79&4`1Y,7Y@!8L'#8;7]F?D$
M6#Q-!+,[;\_IX*)G80ZY<KDY)+='4YKS+`]K9GM'`_^[ZOAN^/A8H^V9]IEE
MZXK/W$HX25)%HC;%*\NM//(KKM)H#PDIRF1F^;2SIWMH:_>5OM=D2N!SV>\[
MN8.'4\GOP"?X`=-W<<4=!G,OD]>FD[N%F!6W$)-G9G#'5)NHO;28E.&EX,60
M.8-2Z:*9&S._E00'`05%0X\XI+P4L(Y=?TI"DJ2QRWP?1"-M,]6-\.?)/2^R
MV)NX"7>U:)FY?E]1<V=3]^C-JYN[SY]?_5!Q.J(((^:I`:XUWA\9H7^+14QQ
MI*A/*=Y\;;LI<O2_%)E+\EPB+$%'R#@/N]X$>1F5!Y3J/S(Z&3@.YKST#_TX
MY;X^TRCAWD3T(?@6WL;+;B<B)PE0S`1A%":$CK?*"U$\%ZXN>:=Q%M`91=<K
M\G!H@N,>R1.L%SP>4T[+Q9@8LBAFE(M/ETM.#0T&6M^P\J=B%AJ-W">7!`P[
M6#JS'.G2]P9(/RQWW3Y3]DXF9";F]^;N]O,/+7/9=1`@3/=)`B,M&4>P0>X%
M!BN/>&3&D^^(X=]^%IC#C`68R:DH%'ECV#*-GR@7]6@KD'GF(1,>:L"301!Y
M^4;#^*KH`9+NY'*R)A9@D;/\/!9E4]YQ.H&\LSPI4=DAWY)"CTXD91K:%?-H
MBS%[1Z/GFG2"QAD==RY<>6,)?L)AGF]H-8L5XY[@P$<V_<&PAI4%M;!U5Y:7
MQA,4C44VH=+YK88$D^V>QQWD8,4M3<PBF.(EM@8!6!_#FB-AZ<CW-J)[!=,,
MZ.+WZ*+BTMNC+SQ`-B*?S2A+S4/Y?-U8V"#XDF5.9@P%KT(*WTAL?:09CL.6
M3)DW*><BL?ZL@6;T[6)1AN@WERXN:-<L>M#7]6`9`TTWAYM[,$VM[UB5'DJ!
M4PZ);7]K>NE3'=X>6%O&,=0<?;A.GHJ981UP"O2U+HS\>Y\\P1\__4^67#VZ
M[NS']R0!]2^+\>VXJLU\X4K:.RII$[:+OH4%\]F=`[\G]_A[^I8RU;>?__PG
MA'XJ&^.)!9FLA1N3+WC\]U?OLY@U^=6@_P`B7^^CKX;YU>)_O:+RCO`G?Z<?
M#/,5Y3"/3-T@`:^^G_NV/K2M095DT4L+G7\5;W^]2^EP86PW=`=+YP`%E3-T
MJ-??25(\]06G+C#^C1M#8HOD-[9Z.QV!H5='8.A;.W=L<S0<':;S;N!K=01&
M;03&MLYM0S>LOGZ8SCN!K_$(Z"('G>2:^W!7AW.=?+T=-UBZAC%P])5=U_K8
MDX[M:\`P!U;?ZA^:CJW,9)A#73=6"8(&=+P3BNI!`1&=[$W)"R!Q'&=@-:0D
M7P&?<9QO3L3;9].QJF29KW[6>T.SI&EE=WM2M$V.+U)D]*J,<Q"*MHC&UBEZ
M3X(L9:>QCN9-=+@W53O,G=T!5<WGKS%5[,A[.[[YSL-)OM!MZS9\1Q7[Z]"'
M_\#^]>0&L'6UJ0,:?:I!#2O$-J#C,"-HJH9=]6UK9$LU@H::T)5EZ:-^*R,0
M)TUQQOA(W`<H?D5PTL;>9CDV91>C0NBV[EJD;KL^.:(J@*[O3MUW#R?)O?O]
M+8]U^R6.IN7YK'J"^X6$;@BQ4M=P'<I:;/58-JBNQWVHZFB`35>LU7=&QHD-
ML>&2-@W'U(\\Q-L9AC%(QJ8KJ.IH@)VQZ1&'V!6;;ATB1$.Q8*CR&JR\VVHT
MA)_A>DW<KJ$=KN7A`PO&^G1[?X,,L^8^\<OUAR_H7]<??[]!O]U<W_W^Y>:W
MFT_W=_Q*KPSA:N_&_I>:!=FG*(?<J%':;9AMXSG*`E_88GEH=QHQTQD$M].F
M<0H7OA!ES>XJ8S=,QLQ2&XAM;@[WEA!!#$&^<(D.C[@>NR5]P.DS7%_GV>S+
MV_LDMQI-L0MS!C<GA86:=LJOGX-R*\T?].'%BE44KK,9!CR&/4ORO/1E,/6$
M4!Z*O4FUN``W'F0S869E1%/R<.BQM/PDG&5I<6\./0GK0G'IO4CWC^T$GG_$
M3SA`1HUW;A_`9,&,3#E=,',Q'@=@O<I"U_]/!L[:Z(\L@O^PZ4W8M30<Q"GF
M8/WDL-+OJJC"W#%;JY@CT7;U'GLBF":?;F8DA/6[?@I;A,+<`D62T0FE%"X/
M/2%3$KA@74[2.&.7WHRIZD^2L#YRX*<P2@4JFK`2E:@S\PFSD5!>CTIR:(?"
M6.)%<1P]1#'WUZ@])-8!!<D5*0_F,VX4<%<S/0F](/-9(@>4XP$4T/=@4BD)
MF(#5BMG`W+@TXG+S.?`UO)U@+XMYBT`G&#+H(XE6H)?&;`[GU2>9!0Q0@C7$
MJC;.(N[VP6HRY,9;Z(';U03>91,:$QV`L\];FT8^#A*Q2"?D<5+'D.-<4L4L
M)3[P7)ZW0C3&&ZB\2><;G!WR265&P+PB+VG+O,\GP*HQY!UY#*GD\<`@60J-
M'#7&,<R*1^E(.9>$44$X7T^E3(GQ+(J9K9$OH]TXQ.(<,HF@5`N@+NB*,5CV
MF9=0A>BI&[J/?.W^)_,?V0=*)=@\ITSF59@$<E`P(^YW1D:2/?P'"^'!)Q:^
M!3<0STU2F&:^FQ36QA4>+6.NAE+Y5%FF+0F0NB%O#7[%HEZSOX#0!UZG)SF`
MCNX;)!%3MF3Z98TO!9LN%K@1,T8Q"_$\%PGC#`P/,%VYF157[@!H9Z]'HI@)
M<Y]QM('99W]6]CY*5<`X`,SKHBE`O-C_N$D74Q:#R>?U8WS,$LL4?9,0[-W3
MHEO3TFRCXNYC#C1S-%S;=?H<U2RHR(\HR"!0V3*`;U9O1"L;8X;[52.ADH6)
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M7W)4\J6]FUP<^(7F7E(P=`-#IQFHVLNH=*!F#Y2?*H,37+F+K!._YS;N>[@:
M8[H0&W&>A>H3IJI^_"VY0$`@2$:&89_C$DZCV5%27$&_7?:EQGAR8]Q]N;6U
MOF1KYVA1T6J4YS/*S<OJ`!'N_W##S(WGZ,1S`6X;IE0)[`S-'!J:,VJ2A4RA
MO2O:EF:.1IIIG6R.AI-"NZ_9`UTSC0-G^3KCM+Q2MZ.V?RFIV[8J=TN9>I&K
ML.MSH>I+]:7ZZN!.X@":ETJEKDY&<@)Y\H<>68!4YQDIVY%;0U>C/(E1[KFL
MMHF.#].92V+FK!1$B:IY6::8WF6;WWLZSB#+]%&.\;*#(BTW;18O!SB.7$.V
M0NZ=<DQM1;J63[?&D'0M[P"EJ0UU4[..6XU"NI9/%<@]=29UJ:OZ4GVIOCIS
M--LF5/>IY-"9M-LVB"8>`%(H2@JY]&^VYCBZ9@\5QTF/VUDK/5:'&X#J2_6E
M^E+>]2=D)%"C/)]1;EY6![B1_36.DJ2(=F^@L,AR3=6Z,JA<2,X*[5V4<87V
MKF@/-7-@:O:A2V@?U6I^[7G95-3W(_);T-ODGTLQC!Y;V=@VA%:+7\NM=YTL
M#^TIA>2^DI']3E[UI?JZM+XV"YP#:)YOW<`->4'1LRDW?E+:]AGX`)T4WNHL
M>7%HG[46)[N10?6E^KJTOBH"AW^$M+#-)?G[C.4_C[(8C4D"!25$;7>1PO8?
M68B1I><UL(OBW(\Q=M,\4S?^#GG0Z0\^]@)(",_+3V10GJ*2.IY59XC&),U3
MY$=C%.!'UYO#]W[FI2S3+M#"LS*B!Z@(`"4I(`VR!EERGUD)$R@F0,ID]_1M
MR%A/NP_<N<C]'GFL;KR/8EZ^"S+6\U;_FJ`0/Z,4>Y.0;@*/K*+!,^3`SW/N
MBUH9O`Y&@A'4!A<YYCT2>]DT24&A!6IB&*P/:=>AMC;M@Z?CQRCC%0-P3$<_
MA4(JK-0"F989@RMW@F[H!G/(0$\163=\R+\..>KS1TE);5GYFY<S6:H[`._3
M85?RW\\H*6Y,@KDHN@`9U2&G,10RA#3U8\A%S//_TY][Z&T^\=`PG<H9RT;/
MR@7`'^ES5%"F`9()\3'CK`)S.A<9%'G`HIRA*$0N^BKK"VBU*B65DN9L0HKF
M"ABA9#<4=)\+0"'3?`C3[D&*9/K'2L3S=,T"Z3P7,Z3&AXLB$S+A"\3#*+PJ
M*P54,*P62(&90:]$I897M9\RNI#BQ1H)9?)^'R=>3!XJN>RA$OH:7:;9XJY7
M2N`U8\9$U.3(\X#GN?5938DQH9P"92V>H-Q&#&7J1;YKRDC_!0YXXF,A12T)
M5K<#TQG(WZ+@LW7114YKNZV<UGU]33+?%M*5KDEJW%9:S37)@MMN_@``5=M7
MZ)PQ.@<F_\31.3#O[$_^[H=;>3,2Y\*Y2&9K&-O[6+_A+B237GW/^5`0I?)*
M'WH6-QZX6KFB[_RFZ(2FH<W$[-SU[%U>>X5]+[+57[,Z+!*LK6X1J7J6+,`!
M:KI;Q$U?$BB_T`,D?1OQXMS>O(8,JW807"8PGW#[*^1"Y=P9IK]78U1CE%\M
M.H`-\QXJW$*9SB;>F%)9:65)YS`RM.'(5BCNA^*;OF8[SF%1W$9#$Y?7$X?:
M/'#R$04U>V!H:H/!42-8=M=#7S3`=UE"7\0QMS-"-?,)F4GIX'\<O^N^HVM#
MO4F<QYD#\L9P-,N0S0M=>M3,H688?85:L\77[VOFL,/%MUG8'D*+S[TXYB>X
MGTJU4YOF2'.<DPTVE07&-\9(TTVEQW>#-=4N;5-AW44TNC.B:LM13_F;-Q=9
MU<8SB1I2?:F^5%]GVM=%"63)SF@CW=#ZHU&#C?7,`7G3-S2GKX[Z35&C1WWI
MDAO(CMK0L#73[G#QG:;(/).8*=67ZDOU=:9][2^0^<?=XBBKKI<L'C),L`B7
MHQ^VA5ZY"7K=9S%G$`0&_N(0>X;SN*MZJ]78/_IT@@,(T=/0(PYQ+$(N77]*
M0I*D,7WU">>O)FOCROCW/GF"/W[ZGRRY>G3=V8^_BLBYZ]#_4%!]S8A^3Q(O
MB"#([1Y_3]\&D??MYS__":&?%M\MBX=]!#]>C_9-7_B"QW]_]3Z+V="^&O0?
M4]>=K_?15\/\:O&_7K&X1?;D[_2#8;Z"`%,R=8,$@L!^-IR!;NK+U-9[W)<J
MPZA291A;J3*'AC,:-"/K0^A%4PS?_Q)'TW>4&A)F=%9O9Y@3D[S%$"')G[MW
MO^/DYCN=W2CV2>C&\P\IGB:?HA#&$4>,(3[`"L-)VBKB^M!QK'X%\P,2+@5"
MAEZ;?7TK0O;`ZMO6\((0:KH^A@/#<9SC\1!M8(7P:C3$GT%<"FF)7KY)P`-9
M_N$!/GRZO;]!AHZNT(=/[VY_NT'WU__OYHX)XX="0A>O[!T0S`%`J?N]V$W&
M%'(V=HXYB@K0>1AWDB9Y/#F/YJ4/_;B%F%W#>=GN7ST:[1[/:P_^TMKQ:5V8
M80M-+L;FM='DNG#"O9-4*QP4#BT1??QKD$-$[8RV=[%>0B]$[?PO=F-TPW*P
M5())%W:&TPHC/86IVWA./9BM1<U"^V%ODD1==SYH_0('K3L2#/J\E^2I"$8U
M(OE'M'FE',!'C\>$I\$<S=RYN(3-3\(X67><706$+!Y\AVMY]^.!+"-0V%PX
M-KOOQ/F%$]P$7I$0S#8_HJM1;V#/TK^AJ1L_DO`JP&/ZK3'L694OV;!_1#H)
MR^NIC3+I%^R#N:8E=:4M%>)%I!^U9NI`=\!0IG!KFB1;'RC<&N-F:<-!Q[BU
MJ1UU*,_N4C?%2I/:C]WZ1K\AL\DR6*E@M$>&@K$%X3<PCPWC::AR//68C%OK
M<=QJ#=V25=<XDG>VK;<-R+8NS\`[^TWCW;`+U*0023(L!_BMP^O&CKM3*"F4
M9`NIDT67/,66=]A_!IIA-CW\RS)<R8#L6T,%9`OW`Y`$Z=A`[JX`2:.Z'%ZW
ME8@Z-<J3&.6>RVJ;Z'B/QY@51*N:OM&;!QSB,4E_:&($5],I6SMJE$=<FM*:
M9)J;F&51C5XT/*FJ$!N:J1]=,[L8M-_89@>FB6U4'#CUVTG-B&T?W>2VNP(E
ML9G\Q/?G;7`,FR[C,\?CC:$,13L8JIM>+EVH/MC83BV5AB+-)9S9=(W*,EBI
M8#S^1:9T+>^B=QT=12G4+AEV??A-V3`E(UNA)&%WG5V*RR`6CJ\>&]K`D=;Y
M_U@.>5"G01VTFAKR^QV?U]7ZE\8(HD9Y/J/<O*QD.0X=N.5MPDZJ^_6A-NK"
MY*'0YJ=JS3&:AIDJM'=%NZ\-[:/[69Z!I@&_=9ADN>/N%$H*I=/-#YXE*0G1
MO3NG0@N]BZ;3+"0>3[2JH8^IWQ.95S%D]V;I5B%[+O;1/TGXZ$=3].;WWC][
M/[#LWB1!2?;P'^RE*(T0?(_HFQ,<T_?<D'YQUZMY^?50O7N*&9K%&-+`!E&2
M8);A];6A]8?L,EF#SP;?_UA_]$_3KJ4GU^#?_$?(OH5BG,PH.>0)!W/:6\H&
M@.FOM&'^?(V"OR8HQ&F>:S9\9&0@SXWC^=4XBI_=V.=)T0>:,V([0P^]YEM$
MGHP66JT.`D&*;?I%]$1\C![C*)M!26:"QX#19S=U9XD7:<CE>%%P9FXX1Z[W
M1T;`*_)AOC`KZ&Z>0&)A#7T(O1[RLQ@(+7.SOQ,MQ'CJ$OIX%GHX3ETV>6Z*
M2,HI>L"()1RB1/`$[2GFR72S-(N+/$0AQI#ID3X48\JO_^7/P-B$?V8^[!I&
M%&G/8UF0'X.YQG[/J9JX29[5E[<+1#+J2)H@/_<%A1[H`LEXAGD7\ONZ=!S(
M?80Q\6F<12EDKW>#A0D2E*W-*=]L@7P`QM*'&KJ/W3`AC)Y/.'V.XF\)>C<A
MH4L[?*3<74E03$?#?UE>%/`]9-[G7JY;5L?Z+BLK1;P"*\7L5]<"ZWW%<C+L
MR@)R],HKC1;.6N)>O(@,;6CI?!&]SQ@G0B<3DJ11/(>.!-4%G*EB[[;9^RY+
MTP#H3U(7?:$R1D-WO>NZT"]_7,70Y8]UYN4+Q^;XO(V`=`KF>RK4/#J_C!>7
M.J=](]JYCRFY@).+?`)R,_3SS<>=1EG(IN6UI=DZY]X\>9K@(#$97!P6#0#I
M5/"ZL'>]*KZ-,0F?<))"^0,T"]SP%?HCHZPPGE/.\NG:9!G;0SH+7_`3IK-*
M6Z=R_`Y3T>L,Z.B>)\2;\"E,:JS`F,K#4.:"KNZ1_1=4Z91][].!^IG'>(",
M%X:75FFGD.>$8G]A'V:.6PF:97&2N2&;$PH;G0BZKWG+XZMO$E.JI;#&8BSV
M&SYZ0C]Y[HRD=.`L([M/8-TD7%#H`SJ]*5!5&?!?X4?&LE!>I,+YO'GX$X0!
M117J?Y"'#(C';@S?LG9AA518@?)80GSBQ@S*))O-HCBM+*Z*O`4ABGOH4U1;
M893:B4O1?\`XS#=@']%EQ"A:3<>A5M4:@6W8%5D\TI>D-Y/)55&\*--9*[90
MB?C<.*O%]1))+Q;3HOF<<?+W0R;%W"R=1#'=!BC:4W?.%T(NN.F\/7#923CR
MK%'ZK9#"M&L2^0ER&;TDI@R?>'1P=%+K;/H`"M,3M"AD/`'!'Y!O``G[+MU"
MVW.4!3Y5O]@*$?P.!212P3-<Y%)R8C2GS)#\=04X?$1UVAF=,2L#L;P3T/7F
M<2G6IN!OA4/OV7#IFDB`$%@4M?`;^&)U\84GET\FE&=@&RKWY4<4^C1C&S>,
MD>VW;B)*,ZS-9)G3K`HSO+3)DTS$KW!0..Q)]$G?@IYT)8;+FYR-=W[*Z6AO
MG%4U!55-09)J"I>WZ(XCW%1U`?E'M/=:.(`[P#T<XU-^-UZ>,&.5T7=OWP;+
M[ATY2ODO)SB%"F@%]%Y`[ZE-;*/@+HMY$54\G<%]77=J4J?M[.)8K_>L-M'8
MUM\9.-53R`8*LJ:0.9)!UKG.Q@R2-7."QHTIX\)8($P9)[@O2;7C&8V839:!
M2@6AV>LK"/>%T#XFA`?6J$1NBC7R3/P(.I<78Y^DB61[V!'WPGYOJ,`H%XD"
MH\(9K2I)C>7#LA!J4V)\F,Y<$C.'*RHB'J/(!X]$-?N[[1=G#@;K]O^,3,/\
MFP+EJ*`<6(^X!2=%-<4Y'.W>+)PV%F\,=<\B\QZRIV20@3GA-Y6V1S*R%4H2
M=B?QP>)F/.9Q`(6+M62"_(@;0K_?Z"*O4YNJI)!9PVYM%6<`&>6R3C-S'=Z@
M+,.JWRCA+RBD7RJR%4H2=K>3<L(_YNDAX*^'..^YB3!Z7PUBHX_@-&'AB`%Q
M'TC`P^Q<%I%8"4<H0FY%;"X/""/AXZ%"PD9V6Q%A`_MB(\(6V[S42*B#XW"Y
MD5`J"$3&()#+X[^-.[B*'NB.<P[@B;9"8VE23E(6GYS#M;S[?B;+""X"F]U%
M;H=%?*Z+9!:0/,*/LH=TG`7(]3Q(:2.E7]2V(35)1MKR39/=>A;X"P#-&#4M
M.B/1CM;A4OT0/M'6HWBN-L/]&,[4!L;1RTM*U_(NM@C-ZC>ME7>AVZSGQ9#^
M3"0"F[G$YQG:$BSE'GL<0\UPH.IWU@!QK*9IXR]S:WR?)T[<EAM/2?Q]=;6C
M9]:7KN5=-)"!?6P83V+;_!B%CU<ICJ<LPS;=+7D&1LB(JK;-DIL<:8^=1_*1
ML3H&Y$2WS4]1B*>S()ICR%K,4SS3[B/O6VV]*6F_YZ9I-F5'608K%8S#HY_9
M3V+/9"$K^ZWB,]\>C,:ES\X<$`DCMZ3=,Y?S9"BYOA_W#:QCRW7I6N["]'29
MNV.>&&+;11%WDE39(99-)V;3JXOSAV2@RW3<[&BER3!K\)L*:I.,;&E1VGW9
M2,/PAQ=W$E%W\J/<S'`'<)W\-09%QE]VH#RF7BA=R[N<4;21K8XI;5SB::/&
M1O[+/*G\:[G@6'<:YK'E\S9PWL!!I'6WP6V]GD$*%@J<:32UX7<!G!1K4H9%
M`;\I;5TRLJ5%:?=E(PW#GXNV?QFCW,QP!SC3?,*I.M&TKXCW-=-LZEPJRW"E
M`M+6!OVC.T6>P3:@=G0)R986I3-@^'/1""YCE'LRW+9=I!;T7LG-TV!34=,H
M6SN2,JNTOE7O\2S&'E%.QVU<]!F:/>P@.',;'4WN3$\;;FO8@86H!;AWW\DZ
M#79/W?"10#:YQN?]$]\BMK+:8*@L'SO`9HU:CPHZE]4HPX*`W]3)5C*RI45I
M]V4C#<.?RV'C,D:YF>&Z\>7*[P54!J!]=0%3,^T.P@G;5*M.&6Y#&PY.`^XS
MV%>4BB`AV=*B=`8,?RXJQF6,<D^&VR;C[Z/4#5AXW[+32(/=I[.IW#:>8R;F
MU)RAM)EE),;-TD:CCH,DST"*;]PA+Z@&C%1D2XM2A>'YQ_TKY5PG:.;&K/SW
M+,9/),H2Y'I_9"0A8)!,-%8*YUTTG;GA',VRV)NX"=U>MH>2DY"]ZDXAIS:T
M_]K2A@X+&NZAZ[1:>4=#4!:CWA7%$KVV+7:`0C&>NB2$GK;W"RF]RTP50/(L
M2G""GB?$FT#^41)#*@OHLM]#OZ<D(/_E(2>4QA<,*T$!F1)1)^BUR=,<(?H.
MFF,7ND;C+,UH'_!GTELC#AON[Q5@8%.'_Z$L]'"<NH`SC#,2,P840";SV&<9
MSI]).D'7=^_0L$]Q_SWT*:'IA(YBBM-)Y-=!GV9)2L'VHL>0]LY^@K8?<(C'
M)$7C.)HB-US3,XK"8([(&-$GH?V(8A"0;YA^F4[H6V&4PH>T:+9X$8K.TTY0
M0KNGK5)HZ9?XNSLE(9^9AWG^$DR+FU'*8^8IHJ$'QHX19[84>Y.0>%07FF+Z
M`*OP!-_G/?70?7U(23E:/^?8,>TU]`AM)(&T)U.Z_!,^]"2C'+0.=I<.=XK=
M)`/MJT95X,:/F`*;P\A`H,L(N>@QQK2+F`,T)N-T#IP$$H=#1R91Y,,H'C",
MG#X=,%*S&6T["U(RA<0L,4ZB("L'**;SKW1MQZZ7$LH&=$(HNY932T"F`5$L
M.2\.W8`5Q:J4P*JL(=H)?9IQ5N5;D<JW'0Y_1P&@(.5S4(X@"RLS5)LY`#S)
MIE,W9K^YB:C8M;9P1D[1KO6Z')#W]4VAJGOL7K[+-B^V?)>NRG<I'+K$094Q
M6T!6E3$[:ADS^0>M.ZT/^O(6W<8SI:K==L$C.O>U<)!VE+GB^-2=_"@W+ZL#
MF.)_7WN6991",EKC;^@?;IBY\1P9#39;6?PD7@1#$RO%X:M2#)OF,518[XJU
MU3_IX.O3PGIT=+[>4VW9-D+N*TA"+\8NW(=?+=^#SV(2Q7"C2J(F59!.?/?<
M!IR4IFT%Q>5`T;GBE;L5MR\JI-J@NG)]/;$1*&PN')O.%1$OBV.PX7)Q4A<V
M:L<ITZ)*ZF:GX)``CD'K"3LE4TINP!6I\#P"7Y,LQ?"1^1>Y386%+'*_TQUE
M&\9O^J>1GN`LL.ZB3*["FF/MG$:6DSTU+QEV,/A-Q4Q)1K9"2<+NI#F0O<S.
MMN2`+J/NO6VH1XSX,:W6,_)<`FJ-[8T*M5TLA\KE9J/TOZ"H*:G(5BA)V-U.
M8H%_S"/PFDG2#Z$79'X9<O3@!BQ8*QIOBG=9$3/'@F!>6WU678I%.U7?8(%&
M9%R-<7J.LL!'[GB,O3(0*W93O!@YM)X.CS7Q`&%'?N9!L-,<O1[Q0#TQGA!_
MIZT_X^`)HRD%8I(@/\,05;3ZFHN'Y?'/BX14(HZ*5$`LP"V#N"R2(TF_B3,W
MR./_5D8W01"B,>18K4)SL6N&\'+$$WIV2V,B'[YIL;N/?)0\$C^W!P!%C#PV
MX:LH:SU*D!(_QCZ.W8!UQ`+9^%3C-(M#7NBW^C?A$6EC$G"N?!?1=]`7XKG\
M4=KT[R&+>OPG"1]]B`.DG!?1$;#A0>@H?D:/$42I/;C>-T`!7C)U?<0Z@FC(
M'OJ<X9C^0MN-6'_A6HZ(PBI]ZP!"[*-/GN"/G_XG2ZX>77?VXP<V9_?N]_<D
M\8((8O+N*4N^#2+OV\]__A-"/RT]B9//+O&A[H9'>Z$/?\'CO[]ZGW&N_&K0
M?\`5_NM]]-4POUK\KU=TF1#^)*!CF*]@VLF4\B$$COW<[P]-6Q^N(*SH;A]R
M#+U*CJ%O(V=@&?;(/!PY1HT<8QLY5'Q;0\<:[4#/#5^);T5$99M3-K3M@6.O
MH*G>Y]Z$-9T\VS$<0^]W0%C#:1R.3-,P=R",B<?W0DQ^"*^%3/_LSEF`9HN3
M2IG>'I@U"C=WWB*M3>>YKP^']O!(M#:<^BM#-^VA;AV`VB]T<R9/;3/"E6F.
MAJ;U(GA+"MJEN2E#F+9IZ,:+N/=@)#?E"\L<6D-+;YUFT*%JFT3KHN+*-(RM
M8*\FXR#T-^46NB3I)B\1_8U9Q[*M8?\@`[B9SH)HCO$7GN7@8UEQI$T.,H:.
M82UH$"\FY#!#:+P'&</1<*-4[WP$3942VW#,`\W!A_`)AVD4M\PW5WU''PT'
M&X5FI>N6J&PL7P;.P-G(&@>@L>'D#W2S;VP4(0UHO*7'V%B(G`-)C"MS8%D#
M9Q/!:Z@X`/%-&<+2#6LXD(3VAHQ"Q;1A;63F?6B_S1-)7;-B'JWN,71PVS%?
M(*!MHAN?8$VZ,1Z=Z,:G6ZN_?67N1?0[=T92-VCY[HDRR%#?>-!91\4AJ&^\
MS5BZLU$+[Y3XIF+%U,V#$/\YQC.7^$SG;9-7+&MH;M:YJSVW165CGNCK@]'&
MH\U!J&PZ^0-=']@;IW\3F=P\(&[.&)^T.='FP#%LHTK;<G_[4=3X=L,T!L9A
M*6IZ+3VBQS=K%XK@SKK5V3+MT6@%)=#/;A0TGAV*E[-B=O:@H.EL#&R[KLNO
MIX#K]/,51I]&%/T,1B5A4T(O-[_!`UG^X0$^?+J]OT$FND(?/OWKYM/][9</
M-W?<8O50F+&*-_8V_RT<IA*20-K5DTN&.+S89(B.R@'8"0R7FP+07HWL3HGA
M*MX3I4A#RD-OQRG9Z/)TPK[:LN!\N.R7;?&\_)D@J^DOU4K?=2Z.L])5XL0E
MSCE`2-PO)"3)!/OH,8K\DXW>W39*J1)=&7V-"B9-'ZI\>9W`;6F#45\;C?K'
MA'O/+6';(+^XS]Q!-XX\*+;A0PD$'!,W4.D[2DZ`4EFVYEBFPJ3`1-=&()#L
M#H,)3UH].HH"(:V^(A79TJ+4NE9W8GE03D]I,.DVP;*#6$I'ZP+NOM9W1G1G
MMD]81Y-^7[J@L$>IR)86I0K#\X]Y<.C:*+7U!LLUILU%1Y7KY.OMN(D]MT\%
M`Y4+*XA8X7[RLDZWFG!-FPI_O1XELJG3)(6:>]R].S?W7H?^>_)$?!RV:F$?
M00R:4R=L2_>MTML\%H02;!Z1WJ;.,(9E]_M[T%OQN:3/W*5T:4RBP,?_G[TK
M;6X;2;+?-V+_`\+;'>V.@-BX#WMF(F19[M6T=:Q$[T9_<D!DD<08!-@X9&M^
M_6862`JD2()%`&2!K(GN'HI'9>9#5E;6]3).+O_*\"9PE=Z@*JYB*UKQ1F29
MO/JT*S_YH%J6Z;C%<YX[:W<Q)22MA)9F6:YN.RO5F0JHHD`Y(*;NV):Q&H\R
M!6ZBL%<#"*:B&*JY6H47$16U*.]6MJ'8JL*F110.NR0>?R2/:1WNH+NNIA1"
MYXKV*RE0"H*AV;IA[J#`2Q!**B%@F(ZC6?9K#0H"*FE0#H'CZ.:"'Y1I``/N
MA9>,[N((HVW_P_.7!&]2?<IKWH;#\UX*<;CV"PZ&:>F*5<@`MM>C"?W93YXZ
MCF.I+C?ZLUZJ,U7'<(J=I6;]<W]KSG\TU;$U5W-*#5BA2!,&,#N0J[FV7;Q7
M>F#]F6]EJIIBZ,WI_W*!HA$'4FU+!_C54OU7Z-&$_JS^X]J:"6,--^JS'N(U
M%,AEU?+XOXW^^<SA,W+NU^@A%KBWM10A7R35I,37:0M?'V:5Y?.\'5E[HA!'
MZ_,??C+_UCW!.O.D?^G%(6"27-,#=P>QA-UA5=/0]6:5V`N<S5C"V(%<V[4=
MRVI6B3W!R6!)%$:S@)!_9WH'H\Z.;SJ*4[PGMU9H#;KM</W"U/>D&C-YDZG8
M"K-NMXO?J3N*JPIDBF:QMZX06$DCUD>HFI9JZ([1H$:L3\XV50/F[BP:K;X%
M7<NJDF5!9ER(!YMEU:57^:*UCE,^NXI>]"IP'1BYBJ,65WU?-U]%?/G@X[I.
M<>[.(/[:3_#^D!>2**MK"0Y"X@)I7+FX.M4K1TO5G2*70P7U:@+,A=3;=5^Y
M\I*(BEJ4AQW-<G5SC1MO5`/SCYB,8##QGT@>HCY%,?&'8>Y^O>=N[(6)U\.@
M>![VZ5\!#9'G_7]E^3H8I!FW@Z[WXXZ6Y%J^DUOO8H5N@PLLV;D'(_B#CIV\
MRM'L8E9QPM"QSA!T`_[A%3E,*>;M1#$5D*:Q_YC13?)N=.>]"C"5MW8-=8M.
MN*5F!S.3<5(&"4HVSBBCU3HEMYNGM10^]HAC.J9JMM_00_E)>P%DYHK2-6,Y
M"VZAG8=RE(/@=^V'_C@;W^%[43B;MN&QH]?C6[TYH&,JRA:)#(N"^S69?8]4
MAXEBJRUFC`BF=JAGC`6NO`!+,_QW%"`SQ^^>'V+'N0T?"$RD\A-"L9_`1V`D
M_#=/WIIP=5UW7DWJ&E#Y\,"PIQ:N;6R1D1\!,LRTX9959!7:#S)WWC,]$`,S
MH'LRR>+>"*8OMP.0.XY">I:NUFT%754+2R[EPE<K>SN8G8NL=9W<T'7-*N["
MK)!722%FQF''Q!,J#2K$&MP5RW"*Q&1;*]2-SGN04<7D0P:.B=='\WP&][NG
MG]1]QM;1K16^MHTB)2:L.ZA6=<R`1ZTJAK9!Y[4GV';5D7WO3==Q[W>O.C(^
M>DUQ'$-15W2;'72\BZ-^AL<N2/U\M;JFVV:1EKY4>HW*,F_9V:YA:)N<LTEE
M65T`<'7=%7%J6V6C!&:!2(6.OYJ6:DGXHM"SI#/I\OKN\^V?EY?2_67WZO[R
M^O*F*WVXO+G\=-5]H-=KFJ#4*U34HN6JO%":T<9+#]X3GGJ0[@)X]RWTPK??
M?OV5L@:,O;0W(O!M:4)BO)[D#6EY*S+[*2)))[2TTE4VH871_!^SK^-W(?W!
MW7,*<@=T*/Y@6EIK@H+]D%8IH_7+%"H=NZ/TG6!=.,.F53-E>&5:^2O\QD^&
MIN1_Q229$.H:P7-G':-/E2)D7SI_=,X>:9FT)'M,_+[OQ<_2>89'!*6N]QQ$
M,<#EAWB2!&NJ#?!`R:S4'-9'PQD3M71:S:X7/9%8\B:3./KA(RE#\"PEY(F$
MDD?MF(.\6$=.ZD<$JXVE2.F`H[>$;T:4.G0"/>`L)BET%>P"A?)YD83_M]3B
M(`J"Z#O6.<NI$Y-L//9B0"!9*.67C`A))1^D]U)Y6J:.%D>;VA8]!OZ0/MX$
MGDH>%O#A#+(0R]G1JFBT8MT"6`#I(BBKBP)2-U"5=V6/E#_R1^-4R1^=IED/
M&T"VC3#LE?RQ/M*MAIH5_'BU6MT`/QZ[U2?EKALO@PLRO8.Y&2/'Q31AP/G%
MF0\)4)B^D\Z<CF5.H"=!>C7TP[.`#.#=Z9O;$6%<C+P0<F](GUZG7>N(L5<A
MQQ4522,M[S[.\F+!26!3(;9OW\54NZ,7WJ1FOY,4/]RRUWUXU==PFD(G1P0:
MQ,L"M%0YO(%5H6L:*.L:K;8RD87NIV9R'T-V53JM%[@QXF9I^GYQ.]`06;7_
M/I#XR>_A,E62BD&RFM?I%J/+\6(K5R@:!T>Q%0/OC$V'M>>V@HNM`AV>SNUX
M>2!`3%L,A%O@=.?%J=_S87J>+N[9B'A>S0%5\]#QG+N6=T&1-:R=YJAXG@UQ
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M[5:G.4**X\_B^#//*(KCS]O`)$YYB5->XI07GR/LJU->XAAU+4ZZA^NB=?;U
M-D.M&GN8HS8>(<2.^LGM%7.E-K<H<=%M2H?13?LGTY->8N=DX:*1K)CB_M^A
M-Y.XZ%P\/#41;3E4FUN4]M)MQ"DO8:7PT1-]>J=AY68?Y>,DXJ<%.OS%=%Z:
M4S:H[Z60I'G2+_WV-IB56&OC(LQ6L+#P*#:^!N0J!Z=G.QFL=>;+.>W<]>)N
M:,//UF;#^GZ3[_K%"90:&UKSEUAH9?;78SR3/!6W:Q46\^<"#DQE5])H\E)S
MQ:VAC$>QP>4:'E7;JZ-R29/ZU5Y29'W(1K'L(]C_$1Q@((WRGDB,Q:C@:]EX
M,BT_A<69TDCJ$^@[8S\D-)6:T$*:?F]>;@@I16NZ`K+:B,H#_/$WN]W(^ZKE
M/:[$8]VX*(,OQ%Y*&)QEO>X[G';LV'5(WDK6SP>RT>R8/-E86SC;YZ'A'UCZ
M#F+?RPV`&@__U^/(6H/QMD[7;A8'LZ/RC</:;(]-4G=:U#&1O)C,"@&FHSC*
MAB/IRQ_2$&L?AK1&X=`/IO4":0W()(MIT4%Z2M?KI9!,IB-P[![FE'V\QXE$
M%P,_A&\A:R,NIY"\&JV72H/Y]FE>X3`F@4>SA3&&\D0:1+%$O-YH2IB1X,70
MEW*V>:E)759=>N\HKS"IR4Y^=P'Z%/YL=8U"^M-YWD&SD$<B!>2)!))&OY&_
MUHL"EZM6?IY^O:@3XD<-`G>@Q2>A<T>/"8F?:*KMAY,,OI5D8!/H]U<6H;F3
MV.^1W-K$'_N!%R.R:9Q-VP1U%K\)L$+P^8;[S+0V)4K%$I-Y)<J99GJI9@EX
MIS_P>WC..@M?Z5E_8<Z7:IB$!D%:#+.X;9X_B#PPYL\E+?Z:EEJG;Z7?2?!$
MI#$('B6TQ"?Y*T,'A9^\>N8-&)+K3Q4>>]^6*ZN"X_V4WWU843-5Z]2O39+2
MFJ0)K1LZR``^,D^@YT5-I_5Y8?80!`BSETQKBJY-KZM.%*VFRG4Z9OT5($6=
MRGU/*G=>&<5>5,O(+%9]RU9]U?:N^F[K2OH.,YJ6[N^5HN'LF8+K$*'#:&OH
MX.7LM6&?0%3899WC6*."6?N-)?ZB@B6B0D4OT5@O:+4P*MBX+I+!-$YC61HZ
M]O@@*\;AN%_REYOV.;=[NCB9CD(Z0YX2M$ZGU[\D&W:F<&&EJ>DSW3XN.O/N
M$V:K@0FSWHH)L]WTA%G`(&!H</EDFUA=6%NK<PBHWBS$2`QTX2S&;A2Q/D"K
M\R\\3L?A?/2E?ZU;W#U"JY53M%IQ>;#ZI#HI?F__-W"$1<=HT>:.T\!<_ABJ
MR)?9R-<F@3B%OR^H#U^/_F2@UH]]->L*(SA)4M9`>>R+68:H0K.T^B]8/!<!
ML5BWO]JV'=+L$=43WB-YJUE[&%;*M&CC[=2=P&X)1=AQ@*VU@_RNX:SJ?!S%
MJ?_OO.8?DD+%/I[KW6U.>N0#*?-LYLCQF-,*:.\%*`<%I6*0X`%Q_$R0-G&F
MMD")0W$<3\1NUIT[:6%2N97!7"T!FJTNE]`JJ*V#L\N<#-3VP4MD'7MV=4)\
M,URI+5#B4-Q.82%_.3O3FY_ZZ?M/^,???LN2LZ'G3=[=01Y$:`4VO-<Z*S>#
M3"!!E&0QZ9(?Z8<@ZGW[QW_^AR3];?ZSF`Q(')/^0PJ?W7GQ;?R`U]+[_XO7
MH^](_##"R])XHQ<:N">#O[\Y3[[>#KZJVE==_8K'L-Y(6>CG'WV!%RJ@UB<]
M?^P%$'"O;CZ]^8?:492"IEN)K%M-=?]JTB\DYUDZBF+PISX3BJ^TTQ7ZOW4*
M+@NK2[%7N#6OV%629%71*E$G%U&'*N7X5%:%.IST(_'?A7[P]S=IG)$W3.AH
M$*CJ%/#*YI4"L-+573Y+NZ"7`QA5?H%1`2<S7-,V%Y!<;K^2`JM,6E#`54S3
MU-@5Z'H_2#73-=<R'>N59-KP;B)+C=4=%WJUOIW,J$=(/_D41V-T961`N1U<
M1.-Q%%+G6E#D8Q;3S8"OZE?41'&_=J.Y7HI;II=J*Y:V`$6)\!IU596BKEMX
MK&([JG(@7=4%74N?MV;:FFG6HNN#%Y!K+\UB/WT^#_L741`@2TP4)K>#JP(%
M2YU>82FNNS0",2O4J$6LOJ-JCN)8AL:Q1:P>IENZJ3MK?*P6BVX'\$X_H[0_
MYSF#3IU.IEB6O>&!O)9>I[:L#J39MJ,?3%E6WX#8L\$QME!V0N+T^2[PPA2\
MY_*OS)^@OZR8_#"I_0^<:4TG6M+VZUOXA6SVXI$N7-]V+R5=.I/N[F_O+N^[
M?\K2W>?SFZYT?O-1NOR?+U=WUY<W73JO>YQ/^.9-5"9'F@$D4^*EE')HD1E(
M]"^\WSFC3>HC%^D@"Z0`\,ZIL@K<2&7D43NSZ#9%CF0JIWK74]7$+4>!PSYQ
M$-<]1;-KKVJ9Y2+6#V1+]R`+I(8OHZ:X#MG$\XMAU)]>M6OF3NOE/.^@;TW9
M*N8YR(#P\(2W=^^-&PJMN8G8:I]M_%F+Z_O'<GW_B'M!>R])"XOXMVASQ^&C
M:MUG+^PS1!:N#E&UK.7=IY+'?L!,EU75D'5='.?;#]J*Z\JNXQP2[0I)14.1
M\$/F![CBFM=/\,>3.'K**T_4E'G5E?[4G4:QG`0],Q1:T%1@,L?$D6T;NI/E
M"DA>(#$,5];=/3(BMR'7NO9Z(S\D\?/B[E);!SU>+A+K9ZK)')1XL9<K)#5=
MUBQ+UC66CLN+O7PAJ<J.XT):>U"2</Z2K$]9'/JTV!"&P('_`U^+9.+E`MF9
M*A*L5_,5%X*2:8L$JP"):;FRK;644JBIZ'(1T2IX]%0<UDZ#*=P0PHO("TK<
MK646<#72FZHI*TPS'5Z,Y0K&W4@[CB!CXF@@:G!`XT$[_$QP4G"F-K<HB4AP
MO)&`@P3>E2U#DS6791/FV#%!HDM'UM0]3O0V]W(^9C6?808C>;U>-L[R:N=]
M,HE)SZ?W,D3>*:8VS3%TFK*%:\),2R^"$75WO'79=@U9-1NN55T#WB(].M[T
M"#\34P#.U.86)1$)CC<2L`P:+&?<:AXX54-65!?_K4F'DP$.DCL$S[+W!YR(
M%\<;+S8.4B=$3,>5VMRB5(@$^<LR^CX&$HLMZ2^0+KD*[Y2J0_R$\+F%DB"J
M'J5*N4)`(]6%?W91ZIY,/,J.F-P.'D@/(.U_)(]IG2PQNN'H=H%X98W(RGHQ
MDU'9FELDSFI,+T;J%]UU-<5EUBOU_)#T+[TXQ$/MYR_KAQ_)P._YU?S>M&S+
M==0%M,H$UJE@*6B6:EB67F2'8E40:762>_)$PHPL]\C*/$FN[6J:4@@;2])V
M5H6=14M1;$TODK#5I@JCGZN&;MNF8JK;JI+[_N<H''9)/'[5[9@Y!!5%T_5"
M1ULAH)(&Y0B8MN&Z.I,&0XP$$!*PB%`XY(O.257/I*N;3[?WU^?=J]L;Z>+V
MYN+R_N;JYG=X^^.7A^[]G]+#Y>]([/1`>9ZNS_]Y>R]=P">WUY?W#S0->)SG
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MS^%#7JXOG3_R6UN8VH84.2^80=*1;J+PS`N@,]#MLUX40V^!E]*0A"2&+^)/
MO?[8#_TDQ?[Q!,)_8/&,*;<7_FXXI0'V$NG-+<B$#!H,2U\<Z9=DYB92/.N.
M'>G:"[TAO48FC>"GO5&4$/A9)$7QT`NAQ9Q7#/4&S).I'^2]F$P;HG1A,Q>4
M'KT$U%A^8#/8.Q+X-AZOAG_#2$+2D-@'$RDR+_K1B)IT:NE,>9<HJ`.BDRC(
MG:CG3P#Y9[28]H\>.$0T!E4ZTZXD868*6B8%O\`>`J_\`'R#]L/I0X;?HZU(
M).M)]]!%.M@EI`#"XQDRL?6G12>E$0G0&=`_"/00>.19F,;8UG<*S@24_4$9
M54"UGQR=EN>D;?]D*E;^1RH5&'1D"<,C_08.)3)`F&#%2Q`:/'=6]=%%-\?(
M,@=H9@\,`:`R)<R>]>%O\"K!00^_!-.JT:+E:_Q[N7N^8+H,W9*$^6>+_73^
M<V_U0WE^^>T?&]K]8X72B!8>TXT"OT][8_Z;5^ZQZD$YYL^RY*@_TU8=[6>L
MEI?_?!!'8SK.^6&&>N8&8/Q$;?#1T0>H3!^@XBX]OZO9E^;:8`""YE<\V%\*
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M4)RPG!P6^51\`0XZ*^<8".ZC#%VP$P!6B%=1Z@4<`+AYJ&[@*/2<>K9=I\^;
M:UG<L1#8"&P$-@*;P[?,$3:;!^;*PS`]"%)3UE%70K65X@<\W*U;L@7_NNH>
M:1B/`CA7E0U3D175$,"Q72?09$-19-/4!7",?%Z:8R.GE\!M#ZQ!`CF\,J7+
MMFW*BLDRO>6(;6$K*_&DT/R4"(.=O"1XS;6\"Z>I+>N6*1M.PVP`QX^D8<F.
M9LJJ(9"LB*0M:Y8F*\I!:7:Y:WFG#,2`_JTYK2W!P0N0G!`9<M?R+F4$#-G!
MT@H:RSR,MY6-`UW+3:/)FY</FB6.$+*$+"%+R!*RA"PA:T%6Q>2A+$/Z/8X2
M>K%HX+.4$>(U::EK_5[6;!7F,RR3PB.'Q#!D2X-TVN)R+^@PF)BRJCNR:>R1
M^XAW2-ZJNBO;3">>*L<P%G)/3F'C?!OB0-W+D1T7^IC&#;<8'W3.#R0(_'`H
M;W/[G`$Y7M9YFFMY!Q^TP`5MV;(;YM,]?B"1F5A79%L3.Q85D51EU]%DG>F(
M!"_F<@:DKBFRXAYT<9B[EG<*DJIMR[HM/+(BD(8BJUC`0COHC8'-.=`A,IZK
M\<3S8\92QT>>':MTC<)UCG6-XEC;$;-#`<K.H'"DW6F%OMW'Q$/B?21[($*6
MD"5D"5E"EI#51EF;DP<^-A5N<R["<"CY82\:$^EM$"5)&^OF;64NR\69/2Q$
MJHHJVQ9+*5>!]JYH:XKL8(U$O;5'_EL%MRZKIB6K[5UE;Q7:;_'FL2L["LLQ
MG?857&W7,]G3_HAX)@Q#KBV;JB&[VD&O*VU.#%N^JE1+83`A2\@2LH0L(4O(
M$K(85I6:6$/B:->PKG9.=H^5(^V$E<)*8>5>K=S_V!&43,@_DDE,>GY>,8E>
M:!AC!;Q_>S.*>]X.^)09=$CZ05J!3G`/LJ%FFZ9L,U%3"=32]RKXFJ6Q7(\1
MJ-&#WIHI0&/<N',U66':)!6H`6HR3"EE6]_CO>WMLHN7J7&%)U)S(_A!:Q<$
MA"PA2\@2LH0L(:N-LK9+&\2"-I]+2L)*8:6P4EC)XX(V'T?L+[R)GWI!SLW3
M]],L;B\_3YFM7!WV<W535O36$I.W"FM55OZ?O:O];11)^M\?Z?D?4+2GRT@]
M>0`#AIV[E;*9V57VV9VL-EF=[M.H#6V;&PP^&I+)_?57U0T8)YDDQ&\P*8TR
M,C9T5?VZWKJZZ;9]%CB#/?-R4&B[5L<I"X+ZI5!_`]OR#PKO,<Z1C,B-[`-K
MF^'D9Q`,8-LAFC4@6D2+:!$MHD6TB!;-&@RZ;D=2DI0D)4G9QUF#0\P1G$HI
MBBZS`K3$L7AGN\RU;!:,:6UH-^!&(^;Z`3/]+CM3$'`XR^$[#G,['0M!N&&A
MT3%QVWW2MX[S/",VLDP6>%TF,0DX,%3+8Y[KL\#JW6;!5,DF6D2+:!$MHD6T
MB!95L@==2R(I24J2DJ1\+97LPZ)NA%DBESRMQ_GW>J`*QW5S7RD26,T-$_QP
M619%(A3Y2</(]NH6;9[Z)/95SE,9UQOM3'*=FWP4Q4V6?Y:O#HY?WO_:QN%*
MA/,T2[)9+%X?%J>E+.(UM;CBMTF6]QB(0S7[;$POBKD@`#?Q5UG!DZT#N'&4
M[<=;9K9I#?9-IYVT_/*<K"\2$#:$3;]:)FP(FX%C\W@L/T3DON1)IQ?":7Z_
M>#?RF.M9S/-HW\YNP'EC-O9MYOBTA*D;<);-QO!G.[2_;D=39:;ELL#:XT:4
MWP1N+WOQG)!#4S69.;9QZ=S^D'L\K^A'C>`LDX6130W9,>/H2QJYNY9?LJ;5
M8[YO0@HR)B0WC!`6\P%-JU,RUQ=Y>X7DF%DCR%&\'9\X^>T#"4D+`.F.22,/
MDL7T1>!>0>GYS!_#F+?3ZTZT7<OS%NY9>UPD2+2(%M$B6D2+:+T66L]+&_99
M#/DYSZ0TEGDVC8L."=7`EZ4^A4K`/-]BIMG+Z8'#0#)R6>!Z;&3U\NWEPV#B
MXMB8!7Z7G2._<4B.\95C;ZNS0T^1?-,S]+^]68X#69?%;--DWFB/7OCQ`-V/
M^8M+D21Q.F/&3*0BYXD^,#9:Q&DLBYP7\;70N^Q+FM[85`?!F8U\9E$I>5,@
M;8LY;L!LJTMHZ(N\O4(2@!R;S/2[;.G1%W%[!J3I.VSD=%F2T1=Q>P6DPX*1
MPQR'5MYO""2,L5S?8[8S@+F-?68\YXLEC_,%-/=ZLN,><4=2DI0DY:N2\BF/
M?)""Q?,"$TVZ$RVB1;2(%M$B6D1K$#7]BZ7`RGTZ,^(TS!;".$XR*;O,;/6E
M[/$L<7MU_M^(F8[-_-%@5SD/"FW+84XP9F9`<.^G-FN9`?.#P1:Y!X7VL05P
MX\*A'2OW4WSL.'`,JT_V-#U!?=(A"+C,@T`P\@\Z&_QX8CC8>E+?=WHF6D2+
M:!$MHD6TADCK>6G#-JM'/9HKW%8[KW9FM4?<D90D)4GYC9]4D#PQ%'\OEKD(
M8XX;X.LW"1997L3_X?6.^'U;;O>40`?<<LL?F2SHM#";4"O>>:;#_'$O7ROL
M,6J6:3/?I1-1NZ%FN\P*:._*CJ`%#ATOWMU`P3Q]YN_SY>#G91=4T"9:1(MH
M$2VB1;2(%A6T!UU2(BE)2I*2I.QC0;L?B^O/^#(N>*(WQ8GBHLR'NS'.4[+V
M:IG?V,$][0>[+<2@L/9\D_D6+:K?R_+5`,^/&NQ.1H/".F"^2TCO1:L]AUG#
MW0UI6%BS<>`PQ^ZRM2&M?_\VRBU$BV@1+:)%M(C6$&D]+VV@Z8)^%NQ(2I*2
MI"0I^SA=<(C)@5,I1=%E.H#6-F(!E(W<,7,[G55+P!7O1C8;^2,V[K1!"`&'
MFS0Y`>!F=3EFFG`KWMG,,3T6=-K<BG!3A\\XML_L@-Y+Z1@:S("98Y/9]AY-
M]7EI!56RB1;1(EI$BV@1+:+53AOT1SY)1'TUR>LG*I;P1V.2Y9'(_WYD'AFA
M2!*YY&&<SIKK)8^B^KK-3CLSJ2L9F!F]1>:_-ZSEEU6YXGXZ5#=E-RUMGE0V
M;6Z_26O[309_>3(Q)1@(!H*!8"`8=@3#"WAN!=A'QN4]G3$QP@SC>UI7-NXA
M6R4@=7-?*8M8S0T3_'!9%@4D&4A^TC"RO4I-FZ<^B7V5\U3&]9Y"=6[U410W
M6?Y9OCHX?GG_:QN'*Q'.TRS)9K%X?5B<EK*(U]3BBM\F6=YC(`[5[+,QO2CF
M@@#<Q%]E!4^V#N#&(7,'Z^+MG9]6L+LU_SMI^>6)4U\D(&P(FWZU3-@0-@/'
MYO'`O'$8ON1)I[?2::U!\0Z/;?,\%CBT*J@;<*[+S,!G(X?VJNT&G,_&GLL<
MJ\M;LH2;.F/1LYC3Z=`_PJV2<=_GK'\3R.$ZM'%@,]OLS3JT'0S>SS)9&-G4
MD!VSA[[D=[MK^25."KQ4X#*OTU[D?9&W5TC:+L1)'Y*SP>XFT1<D/69:%@NL
M+KMO]T7<7@&)&<@83V<E(`^1DO1%X%Y!"0H9."/FNEU2%-H&YGD+`JT]+CXD
M6D2+:!$MHD6T7@NMYZ4-+ZYL_)QG4AK+/)O&18?LJ.=K"C?-&`,V'EO,'O?R
M"*O#0&(';`1_SCX/6NH])FSLXAOSO9P7.PPDQR[SS"[;;6[LP=[T#/QO;_KA
M,*#@IN:.S[Q]'K[X>+#MQS;[ER))XG3&C)E(1<X3?9ILM(C36!8Y+^)KH;?@
MES15L:D.>LQT'6:-![NW?E^`Q)V,(*.RAGM*06^09';@LW%`0&X,I&G9'8^I
M[8NXO0)RQ+Q@S'R;IG,W!=)BSLAA9J?QQ-`68)XOECS.%Y`-O9Y4MT?<D90D
MY5;R.4B-.R5S`P>D1]R]IFY_7C"B27.B1;2(%M$B6D2+:&VUCO^LQ.AB*;#T
MGLZ,.`VSA3".DTS*+E-3?:E;/$O<7AWRI_8K9Y8YV$+>H-`.6.#Z;.0-=H'W
MH-"VF.,Z;-SIY2I"^Z5H'UO,MD;,M[J\K[L#4'8<-X;5)WN:7J`^Z?+2)]B)
MS]S10:=\'D_R!EL;ZOMNSD2+:!$MHD6TB-80:3TO;1C"!-ZVVGFUTYT]XHZD
M)"E)RE=^2.Y[L<Q%&'/<OUTOZU]D>1'_A]<;NO=MK<U3`AUP8RH/CY;<YZ94
MWP1J[CCH6/XDU(IWENNRL=/+ET5[C-K88TY`.SQV`\T>.<QW:7_'KM-H'N[#
M:N_QW>7G91=4G29:1(MH$2VB1;2(%E6G^U,?(BE)2I*2I.QC=7H7>]SS95SP
M1.\=$\5%F0]W_YBG9.W5:CJ;>;A#\:X7G1+:ZH:1ZS++'NQ1C,/">LQ,F]1Z
M+TMR+8=9[F"W8!D4UMZ(C4;TMM%>/`BSP8FX[D'/Y7@\%:-2/M$B6D2+:!$M
MHD6TJ)3?OV(:24E2DI0D91]+^1L/V$^E%`6=:=^QZ&XQRS*99].JW8[`!<QS
M3#;R>KGY9X^!LYCK^"P8$6[=<'.8Z3AL[-!+"1UQ\YCK!<SL5*DFX'!W$YL%
M%FX[LT?DGI<C4(V9:!$MHD6TB!;1(EKMM$%_Y)-$X)6A+J/X&B_^]G^E?#OC
M?/G]I9CAT2M_B"6^6)[.WL<R3#)9YN)*?"E^3++P\P__^S^&\;?5`^JTN9_U
M67.G:72Z=M+<!WW0G!%"C@0-_"&F?S]Z7^;JA?5/%ORS33/X=)5]LNQ/(WUU
M9)1IK._\$SY8]I$1B3!>\`22,?/HAY'EC!PS&+>9?@X/V^;;,MM\6^:3?+NN
M[]F.?W"^K36^K:?X=D`VW[:M#?F>\US\R*6(SK(%_JXW,=BJ7KCC-I,/$MR4
MJ<Z='IC!:.=,=>U1Q_<#[P5<R8NRD`5/(]S(NLW0J?QT,5WUE?^I>NS39<$+
M@1[EP[_+N+C%]K,4+N7IEU@V=\'7BRR]+,"[_"86$W1YZQ*T!3C_^-/1#[[M
MVR,GN"-#F[\-V`]VS_[(M7W_KF)LAWU0T9VS[]BV'YB[8=_:`_N>-QX['=B'
M8'@E\L5Y>BUD@1S)1SO@*0.T+2\`_-PV!_=);,;$DU[`\KV1ZYE6)R8@+8FG
M<<C3XC0,LS+%'.'W+(G#6,@F0^CDJW[`1*3*0XSGUW_PAK+^,,$/'R^N/AB6
M\=:X_/.WWT[_^*=Q\9-Q>?[SQ_.?SL]./UX9IV=G%W]^O#K_^+/Q^\6OYV?G
M'RY5#C1IDJ.FO0=*.MVJ4PU3[X4,\WBI/'@V-2:EC%,AY??&BC3J+_14J%"2
MQN6M!*67S#A/PQ/C>"YR$:/W3Q(18G1-;HV0PT5D')U=GK,CXR@K0>6SW"CF
M`KX#(^'I[=$;(Y8&-WZ+4Z"7%1Q:R"&GT[$DRV<\!78C`YJV`B^`9WEA9.J0
M`B&-*,Z!&%#"/8:*>9Z5L[D1@[[)<B+C*.8Y=+<!70UWJS:0-"H97"FC!?;/
M,C`FXP^0B[5__G]0F"A;J);/YG'*3PP0`YE=YG$:QDN0[=80Z8S/Q#KMR[(H
M$J$>/"TE*)YQQ6\3D+L&5>F[K-E9\+2<\A!?4U'/2`X/0Q<LLJA,>(XZFB*B
MX(SPYYLXQX^1N(Y#D&T*[5YG\%']&'$%8+N?&(`T4^_#(";0Q^!X#,B*A#&-
M$TC:X09%M<A+Q4-#0>K^O0?M5<Y3&:ON^2B*FRS_+-<E>T@PE$=`?ZC6L.]0
MK&N@CLTL<Q`U++0PA0#]6=>TM"*C>P#<0H:/7,<1R-_F[)?WOQI7(IRG69+-
ML./7V3J_,F26E+I-Z,*D5!Z^:AT0E>`T&,*W+`$8N&6:\P87N`0]29(:56Q-
MY-@)*"@H`7HA>'K.T]GZ5S4!*<(RA_"@,*B_U*JL6*J:`S&W8MI7T`65D>E[
MP!\")@A4C0M>ID4&N)<YD%<CJLKD8VQ":[)B0%TSXV8>A_-VSTKCSY/+$T/%
M(YY'V]+:=RLF'M`WMF*IXDAWGE;6!<\_"Y!2*]P#>L8,`?J90Q<8\B8NPKFH
MC"##KQO6K^N^4OP5R,8BEFLMM=A<,W5FK#A\`+(?00UB.5^AINSQ7SP$T8PE
M!X[@_U0D<+40:+J3[(M0E@SJ&$_*9ELU''?CR>G9=(I@@KXN!#"%/S6,W;4*
M9AS#5RO^WM2]VMC42K6AK31+WX+:5R[T&4>U&Y"BP/-+CF:.KEG'7W@8>YU+
MX^@"83ZJW42EHW^5M08:>3VH/S&N,*RH%M,,,`2SC(%ZC-6&U=W7(BVW9C9-
M1/Q=N_D$)`+O!4H!SB..E'JVHR*:V>I'E!)B!3R(#K=."VMW(Y3`%2"JV18`
M"M.[L>O$.$V2.X*'U?U*(T&EE/-0'5(W/.?0'Q,A4D,D,702\K5M>/Z4RJM#
M^A4C>_(N)DM0=!"=UQG%5V!![$`O%FAK8(OS6@CT%LM5#U1ZI]5)++\6S9'0
MZ0*P"CGH!23C:&TK7VP4J$2?Q8IKC9N4Y6*I<53Y!9].P0&HYK4N"K6#8=UI
M7*U348\F,9_$"5ASU534E*$JI4%!D/+7GM%44'-J=7@0*!V$'V:G-@!U4V.%
M4:D\[NHAA2A`DT7*K!JU*_'N%2`3'%X;F09W`M]C'(0.JO9RO.9Q@J4YA!]R
MKRQ7,?2>*DYX`D)`<]`!9:)H3W/(IE;A#C0;O"%(J>_`(4*9(("`?:YO+N:9
M;/75&MM_;?.,]@>.:"TS4\"@&ZO"3925DV):)HV5,)5I(8?@E#&BW_`<Q``]
M#"$CQ(B`76;$S3'/AKCF25G'?V@F!_9UXV&[`+($T;%UD4S?0M*@<BJ,16'E
M-W&739XT#8#'AT?QP99B,$A:;P`'I40@&=#080UPA]XNLAPL(?I760U^F';>
M4N&/#%6'=Q7\2ZV8`F!%3MI?Z4TZL3>3^%I;SS3^(J)*6[?M,LXXQ#RT2L!1
M91HKCV'\!$PO2\C\I6@<XYI;;1D#@H)-30$CR=9\J-*$"((#I(F),8]G<U"%
M)`::D4*N'H]J5X..5:=DBF(N('$#2>82\4XP<:SL$Q1-V2=P"`D>*"4XDHG0
M7+0$`IU6W+T7H1K@&R.+&3AX7&=RSB/C.]L^<8U%G"38\^@'L2T5T^\U>H',
MX2A)V3PSOC-/_.;1&RXKR;1/E#@V?@MA8H&RB-M:;Z9E&M7N3873H@$+M4+)
M,^$IYL'0"7'E<^I;:ST&7&8E1S,1<#6YU1Y+1"HIJ)[4-Z/Y&W6H.O[I_?G9
M&WQ:IUBS#'*R5!D5N.8TO%6V+<5#+$LA/B-_R\J<%4FTQ,9CKCH6^^L[Z\0T
MT=,!%,#^.V,.E@3DF(&LP?`M@QP.=1[:3+*&IFY$'WR'K<(/BK[V.KE8<-P?
M-\<6LN:,O%6G"7"P6&^H@E`-A<ZL$$5P/<EM@V,];$'V$9MMFUJK,-*VLCLE
M&>4TT9J^PGVC+>#?HU54`/G3NH]J)6E&&.@\5F'B+3BCMVI$"RW=,PNPE_LW
MMLT46UZ%/-`(<,55WRL++M-<\$05"&;0/U5\S=3(1GQ1*5=T-_#H(6C3*!8?
MZFQ5Z:NJW"$*$BMU\RQ!=_)799'%K1K-*;WC7XQC4$V(8F&Y@"$/-H8&GHLY
MNO-K4?O@B0`W]687'8QA`&+%W0ZNOM9Y>,$KZ+#COA)33E0-!#4[$N@X8#"R
MLNTXE[@U-*L^966!8Y(Y9A&_US$'30FTN@Q%$YZ0`?CV$:I(;P%JM<HX,&>[
MCL6-RBN_A,K_XJAL`E$`&&NWS5K1'Z-6J8;H*J##3U^X2GJKS!-<)SZ$X1=U
MODKUC+S)_W2.I+NP<2PK50#=V'XL!.Q`(U&A,%W0=H0JMERH/;A77?KHC96!
M8!JF>QDA/C'6MM^.95W2B`P<]^N<$(=MN)+LK1IZUCVZ_F!:&9#*TK6GT"F3
M*ACIN37VK"&ASI$P&2Z1@98Q8OCZSF:FZS/3-"&V6;@K+'Y6#7ZG-SS%2VQ#
MQU*L7*M?<0J$89JWK$N.)\9O'`=)J0H_E:6#T]#6`+$[G^EH=\<?\"B*]14F
M3PO,IL3*!85Z1QGT,R?&N:J*83)0]0Q6E2)DHXBK$*F"W$T,(03&`YC21&K8
MH/IJ`2U'=7XKJB2S&KTUCB1:VS^]'M:INR"::E>'*8KV='"/IH.]H(A,L0:K
M>ZZ=<6]7A7_.LN@&LA#%EQK3@_LI>#I3T54OYF_[IN;^7%2#0ZDA4&D-.AP=
M+?&[)M&"E!Z'$<>K>MW:\`E';B)ZH^`-U7@O:E>WT(L(;>"UOXC:0:1*(-"G
M-XRW1FJM*D:,63O$-]ZZ13\-3*XHGAAKJ,3IW695V,),`H9Y,'#%T1<.2G3^
M76=;U6[Y`K1J4E816"=X8.*)X!(U)BW5.&>J%;8:HZP/[2`X(E-2R/6D"<M]
MJT&AKD9K6]'J-ZME:(9Q50`1J=)DP:&;IC#4!86[%3S7FEE4R1TFRY"3PFW7
MHJE&9*#=>64>89R#JF/Q*U1]A%F(2C4`%Y6$Z.P?AF.WJGZH]0/H-GPM^*T"
M:J*]'V1WV"_;5O`_ZJ91W=08(<G2V5OLJWJ(=+?JL4(>`YFNMMY[J!J&8T2"
M#@1GU(1=2$X+U#,L]:S&G9-;G4@W`_H&FC4M;FL8>E[E`5"U5X.EU?<ZX:]*
M?BK:K[):KHN?\6HDUA32L[Q1DKH&"AY1WP2F6-_?D*D"\QTN("2IT15T>OJ`
M0%B,;<N/;LZX4>6!"<8JKG/H>[`\Y$CN0*4=@C:'^WY`(;AM+?I'55;XNJJT
MJA3KGJJ.NA74=86B53A2`].J`(2PHC7,4AVH_K%JJAI.2^VTT/R;8D<V2>)9
M%0F;3&SMCB5.F]YBU_/E$CXJ%XC1/.>Z@E/?R=JI%JH`9&H8AH'DYS2[:<KF
MB'R":I'K&3CT'J4N)]:5SMK_Z@F62*#YY%5E!A,3[4M48I+GU3S#G=8EY@)-
MY:\VR'6`&QGKH'*K\]!_PQ@7&`'K!$ABN6ZCREM&D(-Q'+=N;:YFFB5@'$J7
M%<)K,5)/*\G[-?,')*CU"#VS1)<-@MX;>E7YDV76U7]MUBAIBM6^Y$&E0S</
MCO]:O%5N?Z4[>H"NG(FBO_)CE0=H1VV5#4+F!&E,,P^V2FE5BOG]4[AJC":8
M^.:X2@`:3!*YY"$`V%PO,:VKKJL5B0$N2%Q?M=A:ZIC7!^(@X;?80]\;UO++
MZM2;^^]'U`V/[;]L[2V3NLW1]INTMM]D<*?)K;V>2C!LRG-K5>U+7M@][#O/
MN)8$+!J^<!]&MF6_CWA8:ST<_Q,=UX>[3O'.`IL>O2DUF,[!^[ZZ)-S:QO+S
M_1^/]H"B;?']_<V;7?6"O443P?Q@ZP8Q`*'-'@C]JI3U,"Z#)'I*S3KNAKFC
M0R1_%/!@B@.BJ@S5P2AIH]*OY:!/,>-9'I;;">M]8.WXA\9Z@WBS([,_K58V
MM29KJGFD+07E'F3/FRJ.[795G&\<$,NS]PO($`+HZ7IYMJJ>+GD<#=6[[Z3E
M%ZC;L>V8N_?<3W'Q9H#=^!*PK<`9!-C[CZ5]<-KXVQZ'/'LF1RCUIABWHRCY
M0;_HVWV,25N,X0DB_VWO:IL;Q9'P7^'J[FHS522+>.?VZJHRB6<G>Y,X&R>[
M=9^VB$T2UWD@!V9F\^]/W1(@8SL8&["<\&4JDP!2/U+KI=5ZGKI#<X_:-GOL
M@_,ZZ6>F1@AQ]EE<CU)K/L)^S!B(MLS[J4H,7[Y$F+%&L&S&XNWL6NJ*Y')(
M#?03GCO29TWTZ0(]#'W61`M9$WVJ1),M\NH<>)B[,ZEP[I,A9$R&>'_];S]^
M_O;R&W;N.7*<QWR*XH`6JF#V>CCF#!Z,4:B&C\D2RM_(9JG.VX\,T&#UG';!
MKJI%R\<VA]4B1-4=7;5JB8F\E].=JDK?+=Y^5T1^EI7WZ;N;R#O]SE8'N*IM
MU!$9[]3K)06-F'!/6Y;5H!QS^N4TG'Y-ORYQ^+P<ZH0NRZF_:3JJ:]312I+%
M6*E@].CLNF<8NY\X99B;X&_]@;]DU986I??I(VUM6YI>]VB.:FN];%_=);9K
MT45VH[`UL,A^GY[VZL#WC@[YI:JVM"@)/L)^W"X5`EDMTA!I88%\+0M[`DGO
M`C$^\$I<^W/_.1E'P&("[!491_9SE(:3$TXGM<2?2YTPX@3'C!MCBO02BV'6
M[P&C,,18*SXXCQAM^22:S8`DPY\C6\9Q@`RZG,,]9J2S-YQ=16#77>2[+7^>
MD:SYP!ST&"Q]CJL#%*H#^&&!Y!S%!I`/!>F-BVI"H@=PCZR`M'GF(V8SIY/)
M`]3XQW^4>'@+:O,2M]L1LU5=*1FP)(_PH2"OR1EMOC\%C/"$-@[<!`3QA0B)
M`3FK'?`"JDH`O"/AF'$"T?*3U,<DF>SWF%`3*OYC''!._IQ1YHF"*G)39<3G
M`H=V#!0J,9!Q(3,9$))!\8PI%YB%.3,,.`DCL^$B&!DA"_+R^$D$3[P@9UD,
M_#PWJVA[.%?Q5^"H&6<<8D',V`R!$YH1\#'VG^1I^OR,U#?1-)RSNG"[:`\?
M4W3IAT#A88'4.2-PRM^&ZD-'GR;_92170,T$3?80Q'E9O(@'?`V)6M87EY$J
M%H2W"?"W/Z0Q9C()M#'^`R@M)"FP-4V_!M0]F'UQP+@A<X$/L8`%28J<$S^*
MJ0W7_@LC^@:3&);"WQF9'^,]A:>0*@MIE/#Q13[V'S)YD:+@,KL:\"X"?VA.
MOHPEEFBEV7^G(0SOC.4MG)3OY)1HAK%M(7:;M]MJ8B7L:S@$T/>AFS;%\;>D
MI%'PKV=69RX*E?/C"36(=OXD>IA_]^-@@4VN1.W#.W4AII%S226%O\?+`Y`R
MIC,"D$.QWL%9$W/M$+^0Z`"B-4:HR)CB.95IUHPG*!2RPHZ,;JJH#Y)!+5)E
M,D(HX(7+.*KQ6<[IIBIIB-1F^="3I(^/0<)IG`2F+AC1V*3E<])SQC4Z!V\_
M409`L9=_?)H@-Q[]9LH;`=BLV.7(@IAJH]&R^:DBH<6-GSBE^+=@%BUQF*Y[
MAO=^@8DX2N=`28UTARA"PX=C5>0\!6:P%*C(&`-D!$29J%L#Q'?A$[#GTU>1
M5U#@!4O$TIGPRW>!Q*ZBCM"]^.P_84#G+&0X&D6TXP43I#(U+>0KI2W+Z$KI
M[XCN"+_+J4T=3?BUYC7=-%=(%X]YHCD=MM@L'VE7'B,WG_#4&%7*V,/0;Q:F
MCN\!.`+8S%<W88I988PO-W\OP7;,)-2X$@&21L(JZT0YG\[2C)QP7=&,W;Y@
MQ9O`.SBI,W$&H,7+2<;6%E[6#(C"V<LF[W'R9-`(BYX+FM@T(UIG;Q3<:2!A
M4'CS4DU-1]5MDK]E:*JAFUFQ\&&BJQ;QLM_D7>=5IML%@1]_-L9LX60=6*)Q
MKY@D4`3/8V1:?.$X9!S!4&S1[/PMQA%?\`7/>4)S6@B`3'BC%X-3UB?I,FOL
M9PM>7K<?J+<%\7B:4<`B43!=OP$_8,$;F75#SBC-GA0Z(U9<4,)`UKI%(F$U
MQQ>+H/]GB+N$$1(O8MZL@XZ8]>AAHH2$R)HKMG+.!(S+C#4O*SZ=@2=\[A(X
M+G'B8LU7$"`^PBJ$R8\LTF&BMR)^QZP(_&IIK3H-,_?-YT-474F`V3:;3=G$
MJ!P52PCDHN4#//OKAW*]5E2&=0R<RK+.+A):?YSYM*ZC\5.$BCWX\#%T"'C@
M:T17JFM;;YW$\'03#<&2[J#`&<_$(%^5'ZV2/G0-1W>)*>IO+A6P4P5J2E@*
M=QJ0\'GA7L,%=H75TI9EPXYUS;4,5QJ[./VW/[OVIY.+\(P1?F]FBV%HQ".6
M*8LQE3JC2S*[Q"3$D:7Z-P$0@P:3`9\G-K/!TBS-,(G6EA65JLZNY1F>[K7F
MJG6U?IMS5;IX);HNC5V[N:IM$JO%7M*^JSJVV=I(4[?Z6[HJ+<FAR^&6K*A6
M-?:(X=EV:ZY:6]>ZP5G5M6RCK9&\OET[N:IITG9RVG+5YL7'EUQ5)Z0U5ZU=
M_2U=U79LSR5V6U94:G][CF5HEMU:+ZBKX=Z8JQ+-L;7V<.W44RW+,'2GM>&T
MKC%;>*IA&)XLU=_.4VUBVK9A[K1,NXKFP7DN8)KO<!>,.T_9Z=X?Y`]NW6TD
M^O._8"_-M])*O9!(NAB\'-X.%$_!D^J_NG0L_4DY&UY>#J^4T>WP[-]%A`1_
MRM_=.3AS?7=S]OET-!@IPT]8XMW5Q=GI[<7P:J2,_C.Z'5R.5.7BZNQDN3J[
M%GT1*L/Q/(+(&NR;U-)IU,<((C`@+XG'4GB>E<Z?HAAC,5SH-=--*D)S2Z=:
M+"I&GTQ2GVGB#K(SZM/Q7+E)9X%"M/MCXJX0_%,AZ'./W0)%`9E@%DA[3+^A
M?H1P,GZBG*X0_5,5TR6J9[BYZ!8<:[*ZCC.1E\(2B%""[J(8OV1(9,8WJFXU
M^GQZ,_@\_'(^N%%N+G[^?#M2KK^<7C7R[6%8H*$;*@LZ8NQJ1<M.(CR[\ADT
MN0PA)F`EJ`5WHMPA,ICT`+]0UWV,CA0S'X\J%B7$(2P<!NR;0CBV%$#EAU'L
M*0B<SV<\S,QJA=H?6;\C/Q)&;).D",K\"='B_\.#^*(4'\]@DB#F4D._T#&.
M=J=K/YY/0<<7(X37<29=.V+Q^))J]AS5@N",$`]'%X+&]-F_F81+>#+D@C^?
MIS$>]Y7:@G@+SS']JP"CF_RK2)Z!)PB"5@L*>K.8)T!Z_P+GP;2I`-Y8>8RC
M]%G%HRE03N0)!$P-+^$ZDZL;387_$?O$^CM*)D9QL.S)WR)V2`:XJ/!8J5YA
M&*7AF`G@(-SS@/D2:BS3Y_/D%/8;VI!<18UA.@_B@)W++50D5WSB4"VCI+*0
M+?Z==Q*.9]:!)F*O47-]L87F4Q?C^+EF+\;Z67`85'AF*#3Y'=I[^1LGRN@)
M!Q6QS]P'N5J<6%.N,<5KN*:';U;73%`*2T&E6%[TED:<0KX!0SOZ+LAS%@64
M^ERNEX5-\RV:3DYJ1K\W71ZL6%5<)$D:3,[QW.4:`_QXTI$,OC[/HI<@P(>&
MU(X8DDFNZ=#UVAI#\\0U1O,Q%G$E=7'U"78]GE%>S=8WJ75<Z!Y07'LUOJ%=
MPL5P/*V\$Y,1E]*:M'5<=-U<"B9UA\LU'YC@&XE4?D1TNBW<!I<%DUK'I7,_
M(H3N_@\`EZ[]B&B&5CX2;!67(2=6D\=E;'/C$18K7\-8-N*P[(H!7UY,I&I_
M77,W'497&K,1&+_!DJN9A4AE7,DT-:>Z0U?4J&NKN@P=FB:=(\H'06\-H=KQ
M2-TUJZ>'/6-2GC0K6]HAIE..=TMO5:>^8'N6*[TOM+U86CHG<3U+>DS*0?"J
M`Q-B:QLLC"6SJM,C)6)Z6ODLXZTA5-\7B+XO7Q!7V$TND8BF:_8VTX)8H8YM
MZM(1B$9,JWI'<,CXU'8#>RD?03)`ZJZ-J%L3HYPI(KE-G3J!;EI.^7S^;>%3
MVPDL:YNIH$M`:BZ*B*7K6VT0]FA3ITY@$6<I9_)MX5/?"4AW3E`[5E@YC;G+
M>6VOE=UB5;OLQ[:KFX=I=NWN:>CM&(HAT(^0&W,FWOMJ<H>J:YM.N*LKTZ4Q
MW6Y,/6?#E=K!`5-_/ZIM./QN!$5ZGP3_2Z&2WZ!J,J0?$F,A_W!T]W$T^/5N
M<'6K#'ZC_XY:2T(4+WT">48`B2*,M".'20D0IYP(`^_]0@H>YIX@0<D,;T#_
M3G\?X0W=^V`VI6_!HS'7#J(%P(W+&)*GEK_-KC>S5!*\V1D'.8O')$\%69=9
MLN6MV*/[#Q3JZ^LO@TL*\ND7Y=/%U>G5V07]Z>+JT_#F$K,Q2]B_4GH])812
M97Y-_9B^-7M1AHS8)GP$JH!TQMB4[V-&PU34Y@AO/T=IXH<3R#8##@HAM\YG
MZM8?Q)?O0C^E8U*P3I9W5_4F))`2"<^VUVLR[>8E@%J0@&I!J(AH;2L5]3CT
M./0X]`I>A>H*(:NAW4K3A\]DRB"<\)GFM=FS!7O?2J.TIH7S1@!J4HCJ$BF9
M6A"=DUV!ZY<T#!2C>1$NV>T>P7+Y'=I]'HREUE:<1\^=<:AW7=8^9,YZ&WL;
M>QLK!I_MU%'JQ'ER=<]>8F;7W9LL%O38]-C(]66)L-ELL;>U_@:R=W>W=-W\
M.U45WZ-.BD%436]4BO`=@&9:JEE+,[0'C8)&5,^U>M!J@:9;JF'440QN=81N
M0?KVYQCT'IA\49VQ6Y;9M=-YNPI,8JB&7D<B519;Y4+154VKE_[<%45;M:PZ
MP[TLMLJ%HD91/%#]U(T,+/):&)>[C.N#_>A=FRHQZT2'WC@<CJI;4NY3]@.'
MK9JNV<.1RWT:=J.=HZJ\G:4^6UA*%X([_:R[XZZ+3KK],GKG^4NKM=V7Q52I
M0#14IU:@2193I0+QR'):[HBM3Q>'-'VWN`R0J':]E;V5TEBYX^!1-7RME&K$
M&R4UAM4^G#__23OICXUJ0V;668KWD"%D4H8&)(;L2#O1&CUFJRI0Q@#"&F'<
MN@.]+#N%QOM<ZQN5FM-##W1'DTH/=$=340]T5Q-8'^20XSO]QGC_M>NM/`@K
MMQ\\MKR;(>56_9!;L+>RM_*PK'Q]S&EA$57W#D._8E[702H'>$MU7;V'NHM3
M;$VU+:^'N@NH(06\WW)WU*OUMO?<>SWVV_9NQH&O+*I@@9QL(N5%ICWA8:AZ
MGXLJX&&IQGO:.U;BH:N:5V>A=6AK]AWN,$@U^\J2KZ>K1#_8<S!90#154LOI
M9#%5*A!MU=`.=C$M"XBZZGE[/6U]?4+8S[V+MS[GJX;17UX37,#L=PSBK0;/
MJQ,.>N-P$-5S.MPO[#@<2H1UBVTF4>UZ*WLKI;'R]<&CA<UU(W</9%D];V2Q
M5$%N[80<+!7*@0&M]R=D?>[OFP*Z%K'@H6W[&[HMT=FJH\F^L]])IH>L]G31
M0];?)-RNE^WGX([]"(IS\#_44OR1"RL*HH_K1!O+VH[/SS,4H/1GY\%#$,?!
M)%?AC:?CH%$A:4W3;=T0*UE1^F)E;^/`3]+X!04M4;DR.1VC].%DG^*RHI47
M5Y]`_%@7Y+)?J?4KYOT&ZIS9<V=1,K\,YD]1+3LK-9H-0IPU]5Q3?+L5[E(N
M5M=LS3A@XVM+PNK6NCYY".;>!'-_&@:3@1^'T_`QV53F6;?<7:S^/8#Y()B<
M?@MB_S&X2J'4X0-?WC)G'J;S9.Z'(.VYBW>6JNX:EJZY@J!QS:JT9@?1%@9]
MK<H.DYB6;4MH1\7DM62'9[F.T:X=2V^Q`%^3O<KP-FF-U15IR8:Z/<IP3=W4
M);.A;F\R79OL9L-?CH\_1=$\C.:!,@K&4)GC8_JG?_[XYWT\HS_\'U!+`P04
M````"`#">F]`&6J'I3\+``"=JP``%``<`&IC<RTR,#$Q,3(S,5]C86PN>&UL
M550)``-;06)/6T%B3W5X"P`!!"4.```$.0$``.U=6U/C.!9^WZKY#][,<TA"
MTM!0S4R%2_=2!9-4H+?FK<O8"M&,+64E&\C\^CWR!1QBV9)#)I8]3P3[2-9W
MOD_2T<W^\NN+[UE/B'%,R5EG<-#O6(@XU,7D\:P3\J[-'8P[O_[RT[^^_+O;
M_?U\=F.YU`E]1`++8<@.D&L]XV!A73#*^1PS9#VLK!E^0H%U1^?!LPU7DORM
MT<'PX.3HH&\M@F!YVNL]/S\?,&'*$\L#A_K=;O*P<YM#YI`L>NKAP>#USD7R
M8$I.K6%O,.H=]@>'UN?38?^T/["FMZ^&MP!DCDLM/4S^?("G6>`,PL\ZF>*]
M/##O@+)'2-@?]E+#3FQY^L+QFO7S,+4=]'Z_O;ES%LBWNYCPP";.6RJ135ZZ
MP<G)22^Z"Z8<G_(H_0UU[""BI[1<EM1"_-=-S;KB4G=PV!T.#EZXVP$?6-87
M1CTT0W,K*L!IL%JBLP['_M(3!8^N+1B:GW7^<#AD,!@,#N/D/]\%P(90Q`4E
MG'K8%>2<VY[`?+=`0&_'$IE_GUVO80"R?;[BD):+WSUATU/)K+>+`K]>Y)/Y
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M0T$)905)ZLI@4?%RN-5%:`35HGT5/0;\N?I?"+@\T>Z.@PN;L16$;?^UO1!)
M.%=*VPSRJT--5'!8:Q5<HCD"=[CW]DOLG=+Z7I"B&8SK`DQX'M::YRE#2QL+
M3$@6&V1-FL%D*:*$NE&MJ;LF3P"9LA7H4$)=UB0+]%.__WDX'!A(72FBA+I/
MM:9N$BP04XE[-PV;0:,BKH3,HUJ3>;>@++A'S!?:Y$$T3)70F6?:#$*5D264
M'M>:THP\?Z/$4:VB;[9U);6D+I8`T(M<1WN-:*9BKHN2"\JEM3''LGZ\J;,C
MC7-*`>J-2_?$ZS=*W6?L>1(RT]O-8K`0E1'5\8:21[7.,<>R662J`M0;..Z)
MUXPC;C%WD.?9!-%0J[^4)&P6ZQ7Q&C$$G3*Z1"Q830%3,":NF`E;"F'+AZ1%
M2>I'O#QJTL9AQ'30#;8?L(<#C#A@N@NH\^>">E!P+O`%*UG379IL+S/9U/=Q
MW,Y&2Z`DP.01$0=+I[H*4M1/FZI<K<U::P(T8L4BXXCBV91-PV:PJHC+B(6'
M=%%M:J_$BIK:&N.Z<:U)+2JC?(E1`:`15?42/V$7$5>-7HEU@_C506A$]4W'
M.)?HH62],,>R0<2JHC,B*HR',([#0N0J=[;%B1I$=06@1@SNKORE1U<(S9`G
MMK`I$U^:KD'<5\.ZXS7*C8V:<.%'(E"Q*1%Z'!9YY!V!,K,&\*4%S8A5QXP+
M2J?<<FUKS6J5H8_:A%J]>]I$H_$.[6A_2BFY14EJS;'V3*HV4C.&1&_;RG3J
M=%FR9E%?":T1`Z8[!!`@<LB,%V2;1S8MFT6R*L`=M^2YX5-:*'&0!A$>N4%,
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MCO=3P:%`;Q&C!,>:3?VJK:Z;-^MO.4"]<'FX'R[?,'P%!\7[QT)HCR;+9$&%
MGZ,Y92@S1WOU$C`;P&%BL]6U:!3$3`.D!.]#^1ZO28`8XO(CC#M[8OUT5JZ2
M367]W0XR8E@'>&B,7Z`1P*]>Q$25+%Z4VM=/(W\WWSEMF9:SC-#+-PBNA$LG
MY!+S)>71&'@R+WQG3F&:^NE&C[5-UO7A&L%\JOW$&=%LE[0KVC1M'L_**$NG
M?[KUX#<];!4[(X4'<7^Z^5)*=VG*)K)?#;01\T>3=<\4C$=R+.O']?XC`54W
M&3%3?&=[B,_0$R(ADI]?>V=5/U6H<I*S`*@`S8@^/3KI+L[DQ4V?_+37NEF3
MN%3"9D8/+J!,YHDN"ZA\M:D?CTILY)-8C,J(2:,[%/4MWQ`!-7O@AK'K8X)Y
M(+3]5#(R5TO<&,JW@*O7R>Y)"^D++:[]I8V9B#,+HK!\X\9PK0%/+[S>Z^0P
MQ)F)'\Y!Q'/I\IW$NG[L5I^450-G1B^LL@UH2EG$3!`P_!`&XD#C/9W:98?$
MJN=:/[%LOU*T"Y<8T37(@'\G#-D>_@NY_Z&>^'#$VTQDM&,XWN7(,(=;E_`O
M>9PBP.*6+)WNZG'UT^0N%*6NVYWXTXBX5^:16PCH_-!/7LN6;M45;S0=NW^$
M\>Q;1?'J9/V/4#_8=YH=><U4^94R*":)SU,ZJWMF$VX[D:^)&_V7J&'#&7%]
MA5R@HG-TB>*_FLK]Z,?_H^X]^+?B,&4?V\TRGY%1VELVTME;)C*WXMQK\P4'
MK5JJE\5>WDXPGR,'!'KUXBQL\HAFX/\)R2^W!*1.%O5K3JJPO/;J@FW1&[$4
M(+[1`%BFC(K%2_=\]9V+$\1?,;&)`['F&)K`IR@$E>],5,R@>1+9$KL1JWX@
M?\0Y='/)%(U82KU;0(\;?1XP>[Y173-;Y5D_&6TI@YRFY\/]8T1;-+572?#Q
M^MHOV?&53<L6R$(5M1D3IN`7!R$WVIMQS7DH/O\'8>?;82SIT:62=&U00B4?
M&+$':8:6KS)/7GA0\,X'B74+)*"#O/2<6ST:A`0/C,0!7,@@[.9J+4)IPA;H
MH:(32@_`U4(:$F_%FS&W&*7D9%`_J>QHE***W8A>(U7_/1T[X".QI[/L<QI%
M2>HG@BU)E+<7RO!+AQ"U:"DV8(''W%`X!Q4>5BE-UT9)*/G`O-&&V,<[F:L*
MHS1A&Y11S0EF=!WOL-W:@5AT7T4G[3T/16M`T?G[TAY%/Z<6:J>J5XQX6<=&
M$WH><DP05)%X"3.*Y>([LF-5.EFT03[;NL/H$<[K`8>J(YR<#.HGFAV-<%2Q
M&]&R-')C^);$;2I!?\MXO9=$TO?ZZFT=+TG5`AU4\8`1R[&7:,F0@R.'PF\/
M)3N4QK[8&?57=%VJBO*DK9!&13<8,9I17SI6#RVVRK,%BOIX_V@NV.SO/--:
M:'9-WGV.37ZRJ3A="S13S0<[_C#.#F7Q[L,4%022GT-;I:+A#2,^UR.O#S/D
M(!@25FE.WI*V528J;DCT<5SO"9)->)+ORBFK1)*^E5+1\46BE\^&M2=B"I+`
MTW0DDDG32EF4X4^D<&)DT_'FJ*+U/[7$K52'LB/2J;:^:>.9*4-+&[M1B*6L
MCVRB5NJBU`&I'E3WDNQ)#PUX,?>'LZW^GNYZSZ/FS\](2,XW;@';&L!3VNL]
M/=J&]QA_^)I:Y1<;&S=_*?]<M7+O+\^B!5+9VAVI<DR;X5P/A9./@LE?DJJ>
M02M%H^6,5#+R^4U)8Y/W5H4O/5&\!R@%_/-_4$L#!!0````(`,)Z;T#LH^G9
M]@4``),W```4`!P`:F-S+3(P,3$Q,C,Q7V1E9BYX;6Q55`D``UM!8D];06)/
M=7@+``$$)0X```0Y`0``W5M-<^(X$+UOU?X'+7/8DS&&?`Q4LE-))EM%51)8
MDMF:6TK8`FO&EAA)#N3?KR0;QX`-Q@Z.V1O8K>Y^_5K=DA`77Q:^!UX0XYB2
MRX;5;#4`(C9U,)E>-@)N0&YCW/CRU^^_7?QA&-^O1W?`H7;@(R*`S1`4R`%S
M+%QPPRCG$\P0&+^"$7Y!`CS2B9A#^232#TZ:G6;WK-D"KA"SGFG.Y_,F4Z(\
MDFS:U#>,R-@UY%*Y'*:MMIM6_.8F,DQ)#W1,Z\1LMZPV^-SKM'HM"PSO8\%[
M"62"=TIZF/P<2VM`!H/PRT;"O<68>4W*IG)@JV,N!1NA9&_!\8KTO+.4M<SO
M]W>/MHM\:&#"!23VVRBE)FV<U>UV3?TV%I7F'1'+)KTY-<.74I3C'M>F[J@-
MA69R)P20*:&^&4LQ0STRK+;1L9H+[C1DN`"X8-1#(S0!VM>>>)VARP;'_LQ3
M&/4SEZ')9>.'S:4"R[+:X?!/CT(2IY+GAA)./>PH'N.'?#"Y<2&9(MXGCX+:
M/UWJ.3)W;G\%6+PV@#+[;=1?02<SQN>O7"K@ZK.I9,QR9LP0)&1V7IP9L5Q2
MI()XJO&[4@6S@S$R'"Q=4;.B`2)#262Q%DR$*47-2,9,57!`AV,KAD-]B/?T
M=G-T-:ZB"0P\4=C7Y?!#.JOC8?C('R.VIZ.K0P_H)/2\_5S3`R*'9!0QP:H:
MW4G3D0-*ZM#3-PD?+00B#G+BIU@H!V1-:[6``6*=\G/2UML+#@83$)D#?0*2
M!O\$D4D-6$+VJ+UBW5/EF++4Z.L83B`?ZT#*3CN%<*;:DV4B3_#E$UT^C985
MU=]/T>/GV,$G.'[CUX-CY.F^G2ID?J2C8:QNJ#^C1`7V:H'Y+K_3Q\0PWE+L
MBJT"D@FYU!WE9L'22IED6BZ,EMHFC/K9`8Y<H+FA!%PZ1F<*`O0^AJ`UQ[Y&
MA3J5F`S9`Q&RV3URLK$MU9+D9,#Y/Y#R?-8Y.3OOG';.N]W33KO5:7>KX&G9
M.:L@*A5B#;B3;OHT[$SW48].Y2U%[E`$K:X8MI.S-?62I*3X7X/H7SD.#NT/
M(7;ZY`;.L(#>5B9VC*F4E79)5G9@J0%#(R2D[\BYA8Q@,N5;J<D2KI233DE.
MLD#4@(PKVP[\P%.+WH%P$5-H&')5/7]!?2*7Y&C[U,D_OE+*3LI.H_RX:L!B
MW%#E5@OUU69JU\HZ(7@@7O1>,.<Z8,/MU"5TM,A>BW>X:>W9E`BYV[OUM*C<
M^**I^O#VWJ,<.9<-P8(/VPEE[54W2,HZD_K8'I27KDWO9PQ3)C_I3*C#?'$A
M0WP0"'4PJ\ZZLYC8E*M#X\E)Q*;S=>/A`8FPEMY1GE6RUF3JT$7RQ7_-\;K%
M7L_3/N<!<KX&3*;'$$D/G7^A%Z!;?^;15X2TS#!@M@LY&GHP:PM:4%>E7)Z6
M+FK[`SP2SL-*D8DC>S%14%NEO)\=@/?=$(^$^<T$'LR);-PNGKW'=%]35BGO
MYY7,]S6$1T)[2OZ6X'VWMDJ)_US-A#].YG4&ZQUM@;D=C:N4S>ZAIG$$YDAX
MBQ;S^Q.W,K#:\^76P2;BNW.W<5%%/GA6UM6]G<$D<=3]C4AP#Y2LU@)M-J5R
M%E=3+56%#FB*@ZLA<6%BO1-]2V75DECHV*8LQ".IG[KD:Y_UM4)UG(L(UY?E
M"C3"+$75\EWN=*@`O"/A.DS-1+[RVP5B-N9O]X#VZ9T9BJKENM1)5!%X!R[1
M3W!QC8B,G/A;`I)EYI\`>OJN;M*?E'*<=V"U]!0Z7-H'3MVFWI7S(^!"WY![
MHAF_.:>7D?13$T:G#/HC]"O`'`OTB-@+ME&8IR-DTVE(8>8/^!_D3;595NHH
MZ\-B5+?4?6((\H"]:CBZWUW9$@13H+FX1\*E67TBW]!JDZ+4.5<^0+5F,.QB
M2[?S$+<^HEJ^2AU/;<51-YJ^XA?L(.)D_7Z0>%\M!:7.E!)>URW@63=5U`^0
M#T@,)G*U,:1,1U<(AL>!4%<JGNA0)I*^*Y%&4VFMU=Y=*'7J5!KK[I2X,%?_
M&:'^@!;_*TM^^0]02P,$%`````@`PGIO0!-+=->Q*P``#XX"`!0`'`!J8W,M
M,C`Q,3$R,S%?;&%B+GAM;%54"0`#6T%B3UM!8D]U>`L``00E#@``!#D!``#E
M76USX[B1_GY5]Q]PDU1EMLH>CW>RV>SFK32V/*N*;2F29I-4ZBI%DY#-A"*U
M).6Q\^L/+R1%BG@C1:*Q=9\L2]U@/V!WH]$`&K__T\LV0L\XS<(D_L.;RW?O
MWR`<^TD0QH]_>+//SKW,#\,W?_KC?__7[__G_/QO'Y>W*$C\_1;'.?)3[.4X
M0%_"_`E=I4F6;<(4HX=7M`R?<8Y6R2;_XI%OBO;1K]]]>/?=;]Z]1T]YOOO^
MXN++ER_O4DJ:%93O_&1[?EX\[*.7D<8)&WOJU^\NJU^NB@<G\??HP\7EKR^^
M?G_Y-?KM]Q_>?__^$BWN*L([`F03:BFC,/[W`WD:(IT19W]X4Q/OY2&-WB7I
M(V%\_^&B)'S#*;]_R<(&]9</)>WEQ=_N;E?^$]YZYV&<Y5[L'[AH,R*^R^^^
M^^Z"_4I(L_#[C/'?)KZ7L]>CE0M)*>A_YR79.?WJ_/+K\P^7[UZRX`WI`X1^
MGR817N(-8@)\G[_N\!_>9.%V%U'!V7=/*=Z(I8C2](+R7\3XD;X:^H3OZ!,N
M?T.?\(OBZUOO`4=O$*7\O)Q)`7W7:*M@NN!21O2_6R)-0T[\DN,XP$$I*>57
M]!=KGO4S:Y0VF_B-!B/:Z4G:1/XO/R/`+B\OO^8=]PORQ3^O"W.8Q,$TSL/\
M=19ODG3+7MGD(<M3S\_+9ICPK!U#MHM*/LHY29M">JE?MDP^:C`7%!=^0E1Q
MEY]'O%LY^R9-MEWD*J1(S'G^&3U$QW@:8%*<)?O4QUU>8>F*V)-Z=C(7C%@F
M8:1.#\?GGU=O_EBR(B\.$&=&-6[TCY+_?W]_P9XX+++&VQD8T:0K(A/;*.`P
M*!LO>V!XR`#RZ'D[ZG4O+W"49^4WS(S.WU\6'N@7Q=?_7)%7B:F0:^_AX'<*
M_#(BNT:B%I6:A)AB%`,0J8GJ\2VEJ(C0/QB9"^^>>'<\(Q\S';`:(;`.M$06
MZD%%!:<+1R*H](&2(D9[LE)DV'_WF#Q?!#CD^D`^'*L!^:KR;FO2[!&2]L]V
M7[E,//JBCW^S]GK%#Y9[?DICZUU.R!,#^M2;R'L4R'WTN_VW*12P?)V-'ZV^
M3\&36R^THD&4R+9U+G`:)B3\"*Z)KU!HY!$=G+T*!3XVW`81B`4+))";,B<F
M<5R`*+EM';@),]^+N!`WY+OCL5I#"Z<+4L&/]:%%"*(3$BGD>L$92O5@+#"Z
M\7?LI6::4:.$UHN6T&*MJ,@`=>)(!JU&4'J[^L#GF$O\&-)Y99S?>UO1<"$F
MLZ\)*G%+-1#16-4!N0`M!2BF^`=:1(GMOOPKHH"I%\WB`+_\&;]*`;7HH%Z_
M1.#F^S\B`E``H00R#2B($:-&A-R6#ESMT[3AK^0QHYS4OB;HQ"Z5049G51_4
M0K14HB!O#`JV8TBNEC=AA-,K\MC'))4[AB,J*+<@%+;I%!HD`"Y!\'R90V"D
MJ*2U/"(DVVT2K_+$__?JR2/=,-_G='F,KCC*W9V2"6RL,(!R-'`H."!&$:TX
MTB&%<2+&>H8X,ZIQ6]8I[M26>)>D.7DZ36(*YQUJ<C`]4HI_I$%"6@C=40@B
MU9IB\*F8$.>RJRT_)M$^SKV4>TRYFK3HH/1#(G!3,8Z(`#1"*(%,%2IB/AA9
M5H&_XBCZ<YQ\B5?8RY(8![,LV^-4"DU*#Z42&@!-U9`0`ZB(4A*9JE"F\W]3
M+E2R(<YG5VD6^X<H]&^BQ#O>SR&A@5(.@:!-A:@1`"A!Z^FR%\\)$:-T8%EZ
MOKD)8R_V0R]:)%FHV-_3C15XZ=H`EG`Q6\$'M[RM%:H](4[B+(G"@&TH_.A%
M=*,>"6@QSC,G=L1,LHR(HE&T8R(8E1*+6E>>)H5U-1$]OKVVRHC&WM_UC-.'
M),.W)TN[6DW7*SCUO/*RITD<T#_3G_;ALQ<1*\PF^967IJ\DPO_1B_:R?5R&
MO##*W`E87<>-&*VK?@>IVBZ2,+%MD.Q#C?T,>3DJ6T"LB5&,95<NC*O,Y22$
MD]4/:')_C=B'Z5\^SWZ<W$[OURLT6:,I^7Y^@_X^G2Q'1$>&L#0'P?=Q^FEV
M?S^[_S0JRCS)O6@T?!TT]`RMJ2A07GT0F#[]@`_L@-'Q4Y+F:YQN9_$SSG(:
M@TFW;0I)@:)?A=B-:%=`9S^ZE0K1WKY)2<]S0HMJQ#`&?;+8P);:07Y%7UN<
M*?A^LB<2++&/B6-XB/`]SHN4JRS$5+(`S2(,8#3F%`IZ^S,,K3#M"+Y@00>>
M,T2XSLIT^3C6BU/-[*,[DG7J!1AY)9ZTAB?"68:\*$J^L/GU)DE1D.P?\LT^
M.C`D&_3+RV^_.7O__CT;Y7[YS?OW])\STE2VPWX>/N.HM5QIQYGUZ`XQP`)3
M"?`;2P!-YILP;_R;;[_M^,;MN53JUV/2]BOI"4FO-4E@7*9(S+J+K/]NW26V
M'RX</AD)<WPP!MY93.#HI(.\(0:,2A8IWGEAL/9>L&QBT"2!,2&1F'43JO]N
MW83:#Q>\:S_98L1(&I'$F$&$@9H:B%Z0H)!#R"DIG+[.\R><\M2K.G86$<+H
MKESDN@:WJ:SKL4R$EDHP0L0IP56XH]1^L<G%8QQPBGR--YA(0DV/"Z^=#2HY
M8%3;`$1=QQ7DUI5=*TO[Q$;!0;UXI?RCSP2-DNLC@#FC^XYI5K98=(7,K8\"
M[R-^#.-X;(3:P'84;*"A[PF(W(@Q3,(+)R(+;5`!&T^8#,HV@@A]]LA`T/5\
M/;E%5Y^7R^G]&D&OZR_2A/C._'5!9&3%9G[:ASN:X)9G0M0L4-,Z/8SF-$].
M#S#MTPDCF$MQEC/$F'CQHI)MO.R*40PQ"AR7HHB1`#H21XR$#C22Z(-I.5],
ME^N_$TRW$^JH[Z_9AHK%'7';9RAN6QA([N*>^$8^W&BV#FIXP#,:<B"2Y$:;
M`3+/(9-&D_(XL#FP$;$7G/4/TV41Q7P/9Q&W2?QHMCM%2`FC_0JAZSHO(+.N
MZ5(96@I!*1W9F'*BT,!CEKGT3NQ*^90DP9<PDJ$Y_`QC:\?BU0VL_,VZ534?
MW'JOY<]PH;RA@"X%Y\8B.Q)N&\L+ZHQZ:JKUY><%CFD%\JLDDP8`0DK0Q6B1
MT((UZ3H9U-)T6P;I,F]!BA@M\+*T@=@W>UI7'.T*J:%7]6JQ^%V8^3@BPN)D
M7PO,]4&\E!%\LJ>!))GQ2;@@IWU*D31SOP9O?2H(LQ'T1%0.&4P7&W'*+(PM
MP0WE[ZCO8RNX+M+J(CE?I*DG-YQ*RCAMB5Q8Y0H9[#JG?($3:&53N:0)N9*I
MM`[HI<O;T'L(HS`/<3:)`U:BZBF)`C+.T?1^_JI)B)NS`V4'.\)KI`P->>WG
M$3L)UL[3'=BK1:;\U8'4^:FX9I./L]O9>C9=L86FU7I^]><?YK?7T^7J5VS9
M:?UW^.3Z-7[0["P44L(FUP5"BY+K-3*PY'I+!D6>FM)6FUW0G9?O4Z9]L)GV
M(1`XDG;70RE%9S7NDI@><HHJ=`%AAS\BNO!>Z>D`L\.AQ\2PQT+%HHL.A#8I
MP8Z"BL20'P(MJ*'WJPTB.[#%]@.QX]1P-CK=[J+D%>,ECMCMAX<(0FVN!GPP
MEFL,J&[$6B;K]FPH4;N87<%WGG)&5.,$-O-1(0%;?U]LQ!&D>P+)3[8TY\^O
M1J1SB@<<XTW8+X$BO#BT>!(M0!>2&8'L#DLQF?V+057BEA>!BFA`+OZ4"Z)X
MX37:=U8O]>PA;8/6[L+`$/T+O1[`93(>6W5,D"L$.BCMI0(9!]":@5H<V>)!
MH576!E/CE'PO.%X!)SJP`9X<#9^)H<:!V3112@UT8E0M?..TJ)C4_DE1E1SM
MLVPEM9VYHLEYO)[R@T^UC/V_.S[?S,\[X-N-':`[TR%CD9M']6I)>B=4V?CH
MAX8'7,'-CGXH&2#5WOBL1,,"G#KYT0O-_/X36D^7=W7#Z'4$1#AK+O/P5[7Y
M.3V^=;RQ0$-K?_ZL%;R<1$L)06;2&FG:OI%Z6;KF0>):Y)>5=Y]I5=L,>5GY
MRT-1:3^CE?81K;Y/?TD>HO"1/2*C1_7W[,Q^_I0F^\<G\M<K*&DZI@@>6&&Y
M.EN9DLH3E.'T.?1Q69>.?$G?!L)%9H@86[;WGZA09?B=$:G2<A'Y(8GW&:4B
MCR)=%?&J`>RG34I`X2HEA+X\A:0ANM.9?(?8-M=DGZ-MDF(J=HR2&*-7>M<>
MDT#<`79S#EW?*UN@HPRHSL$.=HZTN*C*/_22GBW`-?)Z.Y'T5I?CJ-KQVEVL
M1)9VBZ*:!6QI3@OC:(%.2@^Q3*<11IK1JM=<&WT;H]F"5U<HG\G+37,OC*ES
M0[OBRA0WJE8)@P_9%%3+!EZ_2@E'4L1*R`-9R4HAD+J,D"3&=:"$4"](;M01
M6F$B+@[J6U,D>(640*7WY4(W*N^WR>P7WI?)T"Y@SRG1\38F>$TWQT!)4+5)
M"9W3\#5_]!ZQ4XDZ[5#@E/\W=OIN>/HNOM"F1^^2NC,\PT'3%.?':0K`>[22
M[3;D9_7I[3!)3*_'Q;$?2JLF*SF`[LS2@VC<E"4GMW\_EDX6P<6!%0>_>JC.
M`W:[4'<8\[N[V?J.7P9%;XB:WZ]G]Y^F]U=TT_G;FR3)XR3'Z-NO(*_@['B&
MP[U3&]W.:3AT,J/SF84ZPZ_*DQB3/$_#AWW.4G9Y@A:>(QGN[O"<.H*Q2(L9
M"<.ANFQ12`E6WD`F]%%Y@V,RB/(&8AE$Y0V*N2$C/2LOFV,W50>051>'0>!2
M+9?A,%DJ]J([8]\'4,8![;R4KZZ@7UZ^>_\>D2Y$V1-QK[]#']A5.O1N'?8%
M"5/V^5.2AO_!P>]03)<DPO&4TZ">Y%`O$;B$I$NOSNZ$)8FUPTZ;#&YJ(A+W
M>#Y2IP&9A+0%$,X\DMBQ<>9TV5T:889`X\C8T@U*VS6]>_]-PS.]5[FFWY[]
M^C>_.?OVVU^S*3'Y[^NOSW[[747*G1;[+=GG6>ZQ%^["_7Z&O72$M4#'L7[X
MAOSWVP]MK)#)``-,QF_"XL)X$+"%2"]:>&$PBZ^\74A>H&S=4T8-M!RN%KZQ
M$BXFM;\(KI*CO?Y=4:,%O[@+%0QPP\]0"%P:A(;#Y$A-R^$`P1XL[@N#;@P[
M)S!\L;78\Z]+3/=\X&#JI50KLHGO[[=[MG'N&F]"/Y0E5DT88;RN.:2Z`]9S
M6??%IB*U%*UD1"4G>EOC105S*XUOST>/C<PEWST^5D=\^OA`07W]Z?!PP0FZ
MS;24F9TVI)MF4_Q$*]H^8[Y;\#;)Z"UJ\\W:>Y&->EU;`=N,V@?LT?[4+DU`
M;%GM+I]H%VME;/P0:J.=<G?K6]K45^RR'KI#G[0'&.3#`G=I?`'O"D>&'_!^
M@"YQ-##ZA-]AW$#/-[NZM/W#>#'?G>T>9ML\'-C><?JV#K@!PAB-`Q[<"5FU
M_M582KZKTF1WC"WG.(+H[A0QEF#6LX'O@U;"Z5*LV+DBQ9V*$X/OD^X"H=@R
M[70UXDD4)5^HH[Q)TNMD_Y!O]E%9U7')#@`;E#SMU@;0#+</T,;\MDL#]F>W
MW:5K1[1E&^QX>-D*JHI\'MH9M^2(V:P6!K!3LUFH+G!DC\80^->I%V!:R8##
M36MPO4;7!&77E+1@L]?!W[H6&M3.;#(QFJ?$#,@4FVW%6.!T1;>)2'K&E-F%
M_=LZ:/(MW3).X%W>:K'TNU,)/R*ZR%O@F\(0:0.Q1MS8IMH;XO'V,%?LBTF?
M3:K=64:]T&9RP9YD4.1V=,P!;#]B<?1VP_G0@=$-6^D,I["1UNY(MVR%[U+M
MT`,E@SLVTH2@LP].[81MU$4QMHL1-WAW/*MQ,@BGCFQT0M.T;8?.8'0,,(TX
MP4]J=`DM#=@@SW-TC+B:!PN<C"A/!N=.+%F#8AA(*CG`[<8DA%200]J)8;35
MM`]G(L?>0-R+&5M0E`&CE-H16Y"'BA)2>!M01B0B_1_U#&"7`U0GR@\<'?8"
MXFQ<R"',#T>\3%$W6!RQ8@$,I2G7Z.'MN26,H5'4^)PXW3L8&I<6H,;!9V=U
MJ8]/,X;7=&R)7!?M>3>^KY%--[;Z2PZDU#`^32-\W9U)2*U[,J4<`KV)LR0*
M`S95K9@R--^4NV@GK%B:8'NMO!J4Q;VF7H2S)7[&\1[?8VE]L6,JH%VF8F$;
M6TR;)/;WEXJ>+S@LPPC8SFJ@?8Z=Y00.4\T$9E2`E^WMV'U_\>-5DK&*A-,7
M6GR?S(O53MN`#^C*/5-`C5OW=$SV+]XSDZA]65W)AQ@CW\Y8L#I0S*\OK`,8
M7##TNJ]FJ,E;EL\WA65+X[D&#=3T3"!H<SY6(P"8@+6>+GSQ]"1/0065.>DL
M*'B*Q%SB#'8$6N&(M/GX"<?$-43$)4R";1B'U!W0(C>%@Y"-L8;,4(7TNT!K
MUM8WX00HMV\NEJ`"/V,^0P4[<^?-!LJA"BC"M(0..BX=!.9C#:;7A%D.T7`^
MY5.2!/2NK]EVYX4IG=[20Y:2_I`1P_@,M>AU'R&FM.X35&*T-P-G&<[1@11=
M/7GIXTC5V+4&/XCHP-;<"4--^HA0P8;0]?!?$<8TR>`":9&XQ[%TG08DG&X+
MH)A*325^VEY0;2`NOZW2;\W_'$B9'([OZV:[=4K@M$A;:&$BY$`&E_HXED&1
M[&B4?X#1YSYB0]=MN$_BI"EV88V:[)\!'XR:&P.J*[V6R;H)&$K4TJPZ7V43
M!>M7#J3_^N+B%5^**_WH*/"V'`:^`LP#SN)GG+&K?#B669QCTG$Y&=2NP^<P
MP+%L,Y81)]3RIS&HYE*HE@U@6=10IG:<7'$65G2&2F:F?B4[S%G407"Q"M\U
MLX(9-,=_19+IF<5<A!?&-!B8Q]=A5M[?.]^PZ:0T):'F`<I,F`!I)"A4#/;S
M%'II6DI&>8J@$B4QJC'2Q#EG'=9PON-`8OQ(MV<H)_X]\%#ZB[>/A)/AH9E_
M"L0;`8BI,^L#@[^1"XK#%@QM*FDD[8+.+O6%I7TM-L,T/BP4H2:+):7#D8@4
M*A"3B]V,O-IT`*&63`C!P%V,TM5J"*.&<J-])#_$3EB\7N7`#+[K#,RY&7NG
MF;H[,_0^,W.8(:LKA/HD_`S%[7V`MC<8TX'IAB@3OT1W3V`4F;4DSC[B39(6
M!5;7W@O.IB]YZB5I$,9>^CK+\99=0TTX26=%K`>X<4O=Q(A/A-SH/&HGMC=+
MC_(XH`W7(V(1C#VU!#>B+Q(='HL.ST4/[,&EBV&//D.-AR/V='XC_.'YU>P9
M*A$`U*.L*Y-6_Q6YQIP^"-K/$;2%9_Z(8[R17OTBI8;T+U+AV[ZA10IDUQ(Y
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M&"!]//?AR:AX-#I:R3X(@`H)$!<!<1E&OZOP!(<V4K_6.HT%A[C8OY#1_O*>
MO3"B4];S39*>LW7SK'J6>^[N)DEQ^!CSLO_^ZSKUXHR$R<1A3^*`_1>Q9&I[
M!.!=15HAG9'A:\S_=GQ#PS_>+7<X5O>:N,>AG^V,NQP'6!_W64B"2E%031:V
MLZ`FC94XV/B`P_^'K@7.>P/W<=F!?MF!>:W##B&X>T-2_0[519*RKJBE@M<)
M3P3WR`,9M>K6`-*Q,TPS=09-.N/N.\G;Q]74/4;Q`*<6'\;L&%'*TZTAZ324
M_,BI_)[E(KT+6CWV&+$FE:#D`*L=JP-Q5#I61@Y1.58MBZA6IYDOL>E##`I&
MGP03>CENZJ6TM&M67G;PT<M"7X)50@MC&DK!ZT8A)+1N#@HI6AI2TAYNQSA#
MC!Y&Q0<1'7C.T`4#^XWNW2V'LAW!PDH'`RY6'@.X#J-]+KW(0$KMAJT>":^R
MUH(4W%X;<ABI?<'AALWV%M\QNU7C*'YUS7;_BL/')R+7A`#V'O']?ON`T_FF
M5<-<-?9V;`/&SGL!K5M_IP:L^X0>TK54M&P#%8T@W@J-;8O[?YJU]^&&?2BT
MP!YG%-@\I&A#=LXG%1[4]+Z5SJTXY9=T8`T\DZP)5WR36KY3[14TQ(%$[*:/
M.A4ZXZ=)"9<<U=7ATI>R7,DA&L1^1/X87.>F8`6_%4H+2W([E)0/\I8HC5":
M^X<J[K/&5*1H`F:5X`1P%3T*"L+#?,2!2Y3ZPY&BL%@2O;R4A\1F%,Q3$@7D
M54Y_VH?YJ^84@2$O4$'T+L`:]=!-&.V70S>7JLLM3%=/A)!>Q5WXCJ+97R'>
ML!NW,)42<YEHXC^)*8#)2R@[]J;A`59)%1"A*HH8X%10+DV[AGO)<U9JU(&-
M*!=A!%2L(QS7R=8+8UD&34P+E`A6"=Y(`XL([2>!Y5*T<ZA'6H+^P<G'J2.J
MC5I&$1TDZK_#=':CCV9*.O!XOBFP)'CG1)"1>ET"95B._L%)@31Y4)'M:?#A
MQ,[""X-9?.7MPMR+E-JLX8'1;",@=2U7,EC7>`-I5*>M*!,-,@LV8%L8`,RY
M`1A[5K+$.1EH<%"N\RG-0T8,8Q=JT>L&(::T;@DJ,01WA')B5*T-PVK^2,);
M'`]\?[_=1W0J*STGJAP;S/F!QHFN`!MCABFS_?&CFV1M]WO@1XH]T\#CRHD@
MKS@WQ:/=%^Z`+9HN;SJS@&FT1`F_"&FZ\L3ISE0+3(/(NF/G>J:QLG"!J=`?
M/?*OC\]XXGN<(@-<X%7NI;D%D6UF0LFD;)9E>QS4SP/_Z$5[/-WNHN058T:S
M(#WVY&5X00279O-ZM065.3T!>#.CVJ,A@$QK;RD%&5@ZD>>-'1^-9PV>H;+)
M8M)?-HIHJV`WAP[8!;09:L!T-X+/TQL90[J/`S+(=H$/;NO<9TE[0+X>TK,U
MI^S=%+R!Q>N:<L7FS>3L9/5EV*#2>[#B/\-VPPF6_S,:[>=?8C(S>0IW0PSW
M1XTY9?^&T'L-^(V67+%^(S$'&/*K5L<;\[63YT&[0&KX>=(-.[BY"SS?"?:N
M;\TI@S<%WV_`=]+DS>0<8L!WV.A[=D)OJW=[L%==(V7`YY1%MP&9CM8PMTT9
M2M1G#![A+JIAYM?*BZDZ1=3S':M6XO#`VL.V&HQ.&9<`DO'(Z)1YM43J-=ZY
M:&!Z9+TM#)TRBOW+SYC]7'Y=6`_YXI^E*/--;??09RK&?1(W1V<FAB`>[=^,
M7<LZ%2ZUL[YMC&)U0>+OZ<9;5E!MH)?23V/C)#['I=;R'Q*NM3O2S+M1#%3D
M<T9$W=@TQU&3]L[-1\-QHVV[[[L;<JO.B7O?@7JG;.SGX:B:T$]Q5[REGXW3
MJHL[K.LJQUOW79AQ'W1V9&6T]?-P:*?H@JX?7,X@E,6:<$!W%.$X$QG8*0TY
M-0TR@&R:=!"WXLHT22MBG[0$:^_\@3:(ZBU6Q0-ODG2#PWQOW>H'[PW=5.L%
M^\5)?KX^.%K@IBO2X.K[!R[@,%RW4&+$,?LU<N>\.1_`:J-:1I0T]<-,6KVA
M3T-.>7,#R,9)+F$KKGASK8ABM168*IJD*3W734-I]/#:,.F%]\J^GGSQ4F+T
MQ9/HO<W\61D*X\(E..7=N_=.#^\^?`IM[;T4%\K2RZ9)#/F7O1>%FQ`'=2B"
M\-:4T?[LLQND<J9IQ@4RJ^PB6KN"M_>"'C@WO^";SAE_*AMH3!HM3Q2MP;(_
M]P.#9O/@:W4+W3J1'%@4QSCB77)I\IAZVR7^:1]F88Y7.'T.?<Q]ZQ+[R6,<
M*N:$8-)`'=8%[?SF,6`040`.&`/B%)SVK:2AFT>.3S*'U>%?U7Q)NKV4RW:&
M*NE0(5X1>*&:@%`GI%UZ&^Y-S];T:J-]^LI0LOGFQ"?84MH767Z'\Z=$-B$S
M8X7Q>UU@U9V4"9]UCV(N5#M$*%C+@GI%:J3D/T.T!<2;@+HI^`1XE2<ZFAG!
M^!H+0(`<`Y^SEFA,X!]S..`&Q""DUM\DAS5ZD2Q:6R]W#Y5L3MBW$1*9-4BS
M&@#V/0X0>_9=%>^4@*W]#F.[+0'KEEK]:-TNCYXL+XH*96XZ`9GB\O*8*!A'
M6-/5(..^!%Z>&:1+04KA7GG9TTV4?,G,*^`*6,`+WTIA2.K=MN@AR]Q*A.E4
MW98T@5@;3A2RO<<YE8A,AJFN!Q]?/Y,)[2R>[W!*IK/QX\3/B16P2]_5:M>G
M(1AE[`^YKJ+=6[&NN'U%;*DS761G>ELV11?PWM+64!A_A:H&T:%%A7+;<O6#
MP;^:K'Y`-[?SOZ[0S7)^A^:+Z7*RGMU_0I.K]>S'V7HV70'>0=7(B]'$5>R'
M$;VJ\G`9[#H9QLC'>90#^?2!NTV:+!_H.;"9\$%!Z-+<U</85I]FN3'R\\_/
M+<%U95IU9>T6/?(]_<^G_;BK]6-2]9Y7/0[0R5WC'1$_9"EV\CG"[%+K.)AL
MZ?W6_U'M'35C!9H9=X#5F#0;\-F?3QL+U9X>UECIK3`%,_+B`-79@2:WXP.#
MGA8/@Y#!\A3ORW(A2./MY6YM(3??)N[(5O#.^UH%:]-`._O&V))KQRL-TNO0
MNZ5_WCNBK_$&IRD-SF@LM?9>IB]4*EQL!),Z6PT75"QB!*89ABA9`"(0`WD$
M(QCG*F<7=#->P8C>%JQ?044>HP$"CSA.0I9[+Y!+;M,7'Y-Y6F/+I]B7"69M
MDAXYL4V@:Y^&Z(C&]5"G-&C_&JG3I6W?V<3:9$;[L;XE6#Z$BS(=4&N6(_9(
M?KQ).JL%!#M^A@2L2*A5W&SC@1JW/5](/#C=34&O&&5_:YFJ8E>F)JO<I0$8
M+]<=8MVEF7-;]U]=16L?:"H:0&_+)KZB.Y$/'JFZD`@\\7HRUO)B4H+/RS*<
M9RS=$87>0QCQ['+,3Z/BS0;[Y&=FK)[/-QC3HQN`"=0V^HGO)WOB.9;8Q^&S
M]Q!AXXX3L;IBF7)8:IML\SE@C3*A3.VPY$>'!J`"@Q/`K5,OP'3YHB`#&^3'
MQ`#I"F;Q,XDADE0^.='PN&+\`B!JJZ\Q.&#N+6E,[;S&Z(Y]FZ`926S3_,HX
MKP`XM3+PFX!T3(L4[[PP6--LCS':)I,KKDD$1>V;ZAP..*>V.*:F47"BM2AI
M!^>?#`"5DI>;)88'<(I9#P0`-%5`J\X>,B)L6F4^?Q,RNV+P*FB:]("`TP$'
M(!?+."W`;I"LI2M9&^YXA`X(.11O!`#]8Y>Q7I!S\<Q`[\F%[,O">^V5>JGX
M7'%W$D!F29>"R0$G)Y2H<[JEX';%,0P*RCEO8(:N@K$3OQM(9U`6J%AB=E'S
M[2&E;-P)JB9<<1%ZF&IO(>=WP''HA#,UMZI"2]$0JK4$LT=N`*S$^-+]T;8M
MMGI2K&LZ$T+9>(L2!PH^#2M>4A_O(^5WQ?5H`!K,Q]K,#C@=I63=@O[21,=V
M-_T#?F.<1<Q?`,)\8YEKT3^5K=K\AOO,`V0MN&)S6I#:N8&8W0&[T\AFOF90
M[L_$X\X9^L;574%6.487H^QFUJ#8\W&/.VQ+DC;@BLGI(';).QZX'3`XM6BG
MI;=8(-J(STC#KB8EM=#'NV&NQT3!'=E/S:9:4#GP>8%YQ01))W9IP/7B'R*7
M:<[M<+&/X8I\P%CJ($B-SKL[9XETET8V1%D>94-.6:8!9`,+5;3BBJ5J1>QJ
ML56#;M6_&`S^<5F>V?V/TY4[97F*2TUHK6I>69(@#O84'%9N<S#@@S%08T!U
M>]0R63<_0XG:.VD*/E9[G7.B`ROP5H:^H,K3&2Q'%HQY@9IN5!_UM0`O68[Y
M=@`=&G?9[#M3X`T61]R8`(;2@]7HX9U72Q@C`ZEQ.>.Q#)`4)9@S>L8J'`M"
M;X=U\JMPS4L-]T8`G=3'?1;&F'C9C`2>O(*KIOA]MR8<<6(&,)5.3<$/[^2T
MPAE9VJ&5ZMI0-GN"+JH_`-S)X8PIA?50-`"3!1X/SUEYP)9E;[Q1WEMO]V]'
M2<%SQ"1T]3$.,E;?P(OP?&,ZKS5@!'*FQI`:+E3+9=]Q&HHD."7"&8M"(X25
M*M[(LUMC2QL9%738-0R\_`FCK("X"5]P`+[G_1C8G4<FL&'^.HF#JR2*L,]*
M(LPW!M/(/BVYX4LZ@%8Y%X-FP+V-L8P&AGJ&RM;82NFA/:K>H\U>^WHD".2.
M>:VANJ#NQIR84)HO5YR\WN'^RMMI*VX.K[0-M\+FU)IX-Z1L5K7GX`KC<WP]
M_":,O=@?8#U<V9!35FD`V<`Z%:VX8J5:$;M::]7@SV(]O#O\X_7PF]G]Y/[*
MN?7P^49W7Z&0$C;/*A!:E$ZMD8%E35LRR/-.),8"O^/07&QFVM6=?(B6M8!-
M_?7L:>C(?<@.M^<^EGA7";["_C[%P35^D`WS4FH8-Z(1ONY*)*36W8E2CI:J
M'*BIJA?TB#)`^95N\M\E:?[H/6*T2T,RZNZ\"+R@\&@`8#*`LRS;DX`&SS=7
M[/9D=O.R07)!P@>?W5,"DN7RA$R@F3N%1)I43<G)UJCXC=@KT47W$"FI_JC"
M&JKZ/=\_A[L&!',&25^=V*;K=PTH.J+?70."!AV^:T`J[0!W#8AFT>[7W._<
M(X[7W"^#^)LD)7%"L0O+:&@U8(2=:NLAB6;><BZPB;A.)/EL<9.DZ,`Z[OC:
M?:;>'5<-B&I(M;L]R6T8'2;RHP%Q,;U_<A+5_73^:6E\A]/WPZ7MG5IDZX:T
ML<BVJ;"YL,@V9=>6S#<D!&(WG2S)B#"/V4;&.*!_IC_MPV<O4NS4Z=8$T#2B
M!\S&K*$#O_U)0F?AVA$P:X(.#F4CB+:"R##!S)1M2Z$?:DW!&"006.`$_A"H
M;VZF5VLTOT$W\^5T]ND>3?]V]</D_M,4+2?K*>*?5VA^C^BJ(IQ+$J-:X#1,
M@N.*'9+NZM8$C$OJ`[/NDKKP6W=)W843KT2)39&W@P355V!\T@!H[Z=K-+N_
M6DXGJRG!,^6?OB+?,6M$D_MK_F'ZE\^S'R>WT_OU"O"B]?UN%V$Z$_$BBOHF
M2K[,8C*%W;+,BV8_CC$WT%7LW<`U[F8W8[5_67L7N=IW<->XN352?E1KP($M
M-2="_+Q8W$[OB%5-;M'U;'5U.U]]7M+1\`95>VR(,9*A\VZRGLWO86_U.]3F
M"P-E,;L6(5C1.HG(1\7ICJ@@BM`)19#5/2RK.(;!"`7D.I0Q.T5H^-KNG:0O
M2TU";DR9Q3DFW9%3@:6PZB109M<6LVEPA]\!3.WXX8(WSDF8KD+95C<IP8W)
M7%Q8$ZHVHA7U92=;>E.#!):,&,:LU*+7#4Q,:=W45&*T]*,B/MS]P>FA=+JG
M]`'V(X_N2(L3:%VOQZ;7>(-3(E:Y(+-(0U^6QC#@@Y\B*0'))D=")M!ID4(B
M]82H9$35$AMCA5GH[(NH7GS!3[*<7WCN3#']XAZ?,'Y<)%'HZX_\J!A@3$8/
MH6XK<FKK1J(316`=VZV7OJ+Y!JW"QSC<A+X7Y^C0#BH;&CMMH#67WM@2+3;`
MT>8@6!O?&K_D'R/Y7B%39J!QIQ.TQN!CQ&E_!.H@5EL9==9%&T"L!2#[.@V>
ML1^!3`3P*[1?K\/,CY)LGV+-R*3D@$H3:$$TLP92<H`D@D86U:7GBN$'5(-T
M/EK-XHP.*?VQBMX%+=(YIXH%'7@<<+@G(`'UHXN4UN+/7Q<1'2KB@"ZC[N@T
M1N--#?C`3@V9`3HZ-:1F@C@U9"*1Z'P-XSM#C!,15E3Q.N%WI<C,_7"W)AS3
M0T,_W87?'>TT]W['BNHU%-4IWSX"VH99PMEB60#S*MD^A#%;K]<E>-0L,+9F
M`J-N6RIZZ[:D%T:9-'3!I0L@F#MS4V9G5,O0@9MQNJ!NYFZL9$8U;K=\]4GP
M:G8%9TR?DB3X$D81&2)F<4[$"^G2&RLO:ISKZ-@&C&GU`EJWL$X-6#>T'M*U
M%+)L@\4+_'+#0UOE[88NC`!&8'4C0==&'%9;Y<C0K04W%5?G2BO-I7%]6V>=
M&C.&!:PP5<!)=Y+E>+N+$G:*M3C!KPOU=4Q`$VLC*(VIM)+#_N390)SV(2+&
M@#%:XCQ,V48#5+(Z,0*(477(Z9CSNZ1WIMD<4V9'M+%#9J/!?]!)ISS\J2!5
MU@=X7B_9;D->LIM5`F=KLSBF"[/&,X6.;0"=V.L#M'%DKTL#]L_L=9>N?6CO
MT`:+0!JM.#%`&*'4C1)=&W%87Y7C1;<6W-18G5.MJZS74EFGQH_!\;9,%/(\
M0`F`E;.IJG@M<42+%%W13:FLSA<KQU76P=$,*Z<V"G6^8(BN:)Y#.*5%@/,*
MIXO;WD[&BKG5FW-B/#+&^K&.53=`G=RJXYJO[HQ>JB]NTEW=5\DK.!93#6.\
MLMS!"(J&$6OYK%$%LBI.!S_TC=,M;9\`N&V;RO*41`'I"KHFG[_>)[ENWJ1C
M`MJF;02EL3U;R6%_6[:!.,+`JJS7Z,30(D9A/LOIP.^2GAG.;8R9'=$^\PB_
MSO\KQ%M`M`FW9C.GPE351P6HQM'A!(""`[@^A^D)`"DY7,6.#B<`:E4P7/#3
M`@CZ(P`J%F>42',$0$[O@AKI-\Z7>N267ST)"NC!1?Q(H_8EWB4IN\!0$_M*
MR8&B$8WXC>!#0FL_UE`*(E"40\VO*]HE:4P/XLWB8$_X7E'1',\LWGG_2E)T
M17XARI6ZX6N/\7:(ADTXW=`\TPA8SP:NCQVB7LZ)*E:WO')_8*?8')RAW7AA
M^J,7[6L!O2Y;KV:!,2T3&'6;4M%;-R:],"UEHRR(\:`[[%&.(@/H@.\6P=%Y
M;0V/.TJE]-1*!B?42N?$:GI5XW+`+Y\(IFXDD`6F'C+\TYX(,7TV6!:5DT.5
MDU*+WZPB):8%*!ZE$D10S:(D1YS>"9=Z#$(;!,OIW5`==<`K(P97'GTME);V
M@'O.DS'4Q2X^WY+GD/_)?^0#780D__P?4$L#!!0````(`,)Z;T#_66K.8Q@`
M``ZC`0`4`!P`:F-S+3(P,3$Q,C,Q7W!R92YX;6Q55`D``UM!8D];06)/=7@+
M``$$)0X```0Y`0``[5U;<]LXEG[?JOT/7,_#[E:M+[)S::>2G9)OO:J)(ZWM
MGIE]ZJ(I2$*&`M0@:5OSZQ<`28F4"`+@)2"A5#]TH@"'^,[Y<#LX./C\Y[>E
M[[P`$D",OAP-3LZ.'(`\/(5H_N4H"H[=P(/PZ,___:__\OG?CH__?O7PU9EB
M+UH"%#H>`6X(ILXK#!?.-<%!,(,$.,]KYP&^@-!YQ+/PU:6_)/*==R<7)Y<?
M3LZ<11BN/IV>OKZ^GA!6-$A*GGAX>7R<?.S*#:AP6HU_]?QDL/F7Z^3#&'UR
M+DX'[T[/SP;GSB^?+LX^G0V<R?VFX#T%,H/2DCY$_WBF7W.H,E#PY2C3O+=G
MXI]@,J<5SRY.TX)'<<E/;P',E7Z]2,L.3O]^__716X"E>PQ1$+K(V]9B8HKJ
M#2XO+T_YO]*B`?P4\/I?L>>&W#S2=CG"$NQOQVFQ8_;3\>#\^&)P\A9,CZ@.
M'.<SP3YX`#.'-^!3N%Z!+T<!7*Y\UG#^VX*`V9>C[UY`!0P&@_.X^I]N$D*D
M_Q^BZ2T*8;@>H1DF2][X(X>)_^UAE$-!S;T,UD$(E@'[\RDK<ZHF[K1FHQ]#
M2B$F_AJC`/MPRAAUY?K,4(\+0#FIT6058>TW>$)[$`H7((2>ZS?:^AW)K4#9
M_!B,9R,Z!"T!-?PU7JX(6``4T&$B_K4N,/7OM`[S>N&B.0A&Z#'$WC\6V)_2
M@?+VCXARO4F4I9]I'Z0;+.Y\_%J[/PF$U@5P`P//QT%$P&.T7+ID/9X]PCFB
M\X;GTL''\W!$1Q\TG]!V>!#HP-`7W1R8$7JAJL*D:HMS]9MKUH3@%2#A>N*[
M\<A.:;AB1JW4R!)IS35YZ%&I`=2=Q8KK-]>L7S&>OD+?I[#'=&@F(T07&7/X
M[(-A$.A-7SI"FP-P2TOC-:!B0KIL9%:[`@C,8,6FEXEKKM%THEC"D(]"?-K@
M_9>NF*MVLU)Y#0YM;.1GDQR=X;378V52FM4LCJ>HRIK<U&]R'&6+@2?WK?(X
MFJG?9+,V:V%*&@\01'DS0M,H",GZ$<Q31MV[WS&YIK_21I"J"*I]JCFP=RXD
M?W7]"-P#E_V=?[$2%H&D)M<0SP'X(Z)B;U\JMW)?2-)`ND8-Z`_<%E]I>Y)6
ML>I-[:NRV,%;"-`43#>_PI!]Z.SL[/+,.7920=D_4J%.+-7)BN7-IP!\[.6^
MX+.]+282]=(??B]K]?"94M'UPE2,[SX#G\M1K':JU;Y$T7R#'0#O9(Y?3J<`
M,M_"@/V!-_[X;)!LK_]$?]JTXXF*W6GF[C___N'BW8>/%^\O/EY>OG_W\</%
M^2^9%F8I,"3YUKK$2V73/^ZQ(N\12$J<KOC>[MA;0']CZ!G!2QW])8W`BF`P
MH3N0+T>#(R<*:!/QBDG;;BS;M,.0-FS*&G?GN_,"0^3^O?>6D*-)3'%NP!0I
MH`D@$%-,TQNZOROI&[ERO3>-.JK$1!<&371'IR;7CYMZ1W\+2LRT5]8:4ZDA
M2\SUSKBY_@^X1,U8FY*6F:H<5V*H]P8,%>-Y`'/(8*#PF[LL&OF*BO7>1,J@
M$OM\,&:?:XJ,N#[=ZH"WOX"UT$`[Y2RQD`JJQ$0?#9CH.B(DU]'%"PA1T=X;
M2@M88JM?C'6G.^@#<DV;-\=$W)ERI7IO(55,B7$NS8UU6^_9XX*J(1A'(3NU
M9H$`XH&OI)(EIM.&F.YMS\R9,AX5'L`*$^9-9N=FA8O`LN*VF$\=7&HX$UZ)
MN+%_Q7Y$E4KB\4)LL9UREIA*!55J(Q/NBKB5?P.^_Q>$7]$C<`.,P'04!!$@
M0EL)REMB,QUTJ>U,^#'BUDZB9Q]Z=SYV=SW%A64LL9$,46H7D</B\^GNJ4,#
M9Q$J`5-*)Q&#,W82L1%'_YR5Z"0BG41F9:+-W."9FRP*CN>NNXK9!OPP2'_9
MI5WR\^^;IHUG=Q#1QD#7G^`X'$!P;J%7M7KOJ0XJ#@:0-#]?J#.]J8IA6(_2
M@"4\WZ`P9X"N2*9?8U4)87`,+X`\XP#PLF;LS,*L6%@"_1\+K7EQ?78<.0RO
M74+6=#G%CU(%YE>JVSE6*%AWGQ+5H;;"E!6!F-"1GSNA3=#F<4%7VT^`+%D0
M61`FA^S%8UQ!43M(H8Q,>`37#`<N#$T1<71C\``\0'O$LP^^@3#9CHDFC)(J
M=G!"&Z'P[$^/&R'=4.TSX[T99J21I6N*7<"$;!$[+"]%)#PV[/4H,"%@Y<)I
M$OY6:.ML$3ML+44D/'GLM:UYP'"LL/)Q?K^@'797Q"4\U^RU]6^2ME/6QRJ0
M3O<E->S@@RY`X6EJKXFA,B)8.!@HCP/[![*::SL<NGY7C"V\D"->ZY55L8,*
MV@B%I\&]'@@RT^,WC+RX9TA\B*5U[&"'/D3Q$7.O^?$5H[F:TZB@9.>XH&_6
M?6JHXFS9BVB(#^E=1`$)TG^VTO*EX.QT&":[Y@F[@\]NF@7"[E]0TDH2J.)L
MR$G8,3YD-'@/`P_X=/4$<)11IWS-(*AH)5LJPF[([UCL839/'1VV'`Y!U#A1
MUS]9O#/]8-(-4>I_Z)S5:S@>-$,<>^QR^`K=9^C#$`)V"7T_Q8UDAZE:O7/D
MJ!J_4@MP*TM/DYO-&_`L<5,7E.P<%VK95+SOE$&V<]^9'M)/W#4[H5>+6<@7
MMIT@&JCMW*QNDPWY+,XTH]YRNDCKV<Z<:@IH>8>K'0A3F*&$=@H2`9;#*8"T
MN;E\*IF,)$7%;+6Z%EY[=Z*Q!I0'B?)*MG*E!GH[XVENX`OM,&BJMA`1E+:=
M+3JP[0R\41Y6#F\HT1L^ZL;==-4KHGS87EKG@+BB=PQ?-WZGL>&D<%&:;N6S
M63M9',JN)[2T;)=MK^T.UT?:D)NC4PO39(&5R4XJ/2DIJV(50RH#MM/7D0EC
M+=2J/+RWL)J5E*D$VL[S^T=`,=.F9WS)`J84E+22'*HX[;P*I#-V',Z`H3U*
MM',H;^BB<&GV^T)FE-3H,C^:V*'H0K<SBES[@+]'1_H-$Z;:V;YM8>63M/%<
M'649*PI*=HXBM4FA"K+53:^AF^>99'ZEF4MVBME'`B6$#>UF.\6`X70*8Q@3
M%]*=_;6[@J$KNF(@*&T?'W2`VKE;?0"A"Q&8WKK\>9M@Z'G1,N(Q"G1/#STH
M6E[(*]I'EXJ8[=S79L#SH^N"IR2_XH#=_1[/GMPWL7-51XI]G&I"`7;&`12]
MVJFXT[&/)HH8&SKJ+W:6&%J[R':'%0/<.\>1]@YVU?'_H)L2AG*K[CSGG+5I
M2:+5]^J)5IW_R'WB/W\F7FUJL>'[^)4I^@Z3&QP]A[/(WT\J)PE9UY'1N=&A
M<MK6VJA;\(B8]X?1?CHF7*=3[@F8`,+?.5!RD8DJ6T.:&G"MN2F5UT'\",8P
M"A=T+OOG=IXHY<EN)4OYH02S%?=)5WC!T__K<"*N8#4?2B"VXA`Q[%C7G%`4
M:EK#CJI86W%K&*:)XCQ24L-&6NC,(,U>8^@$'4JG#T'IG(JH@B[./UI"@Q)\
MK60*[00%Q,_.J52QEPPRD*U<1OC13JK-C\%X%KO\>:#3WD&`HLOJO/QMH.W7
MG/',B24[](-.[HO)/YCP8,5?WC13XK02EC9R9N'Z('@`+P!%0)SZ=:=4YWJO
MQ`"Y<PD%*-8\"S1>\7O<:,YSTK&,MF_L&@V0O0@EK==G!E0#9XV;B*$>SY(>
M()RZ,V4Z9^MJ!BR:NV4H[<R;\PA\*G/^*T!4CS[5WW"ZA(B_\A[2B331IO`.
MB$IE:SE3`[Z=E\[2!+BCY<J%A(V]+/I#0)[BPM:210-NR\%ZY^;FFJS^2J:;
M;#%K":$$M*GT.EW*<K!1X#9`3+;TW);L'!VJ+#8E<)IZ/RYC=!-V_H81SB-.
MJ"[9<$CK]9D#U<!9<^:T?10A!C]"(:#V8@^LI$F!A)X2:<W.\:*:L?=)4Q6[
MC3DP?G4A8B/G&-W`8)5X9<>STDS1I76L98T^ZE8O#QGB2]I7$AWR,'7A$+-?
MU%IV*(.MNQJYC$F!P)SG#NT(+81JU%V46$L0/<0V;E2VR_0[JN'X[GY$M9&L
MXS$*KL`,$Y#)-73[1E5,=0&12]8C=GK&$D30FA2=SQ49][K2XZ!6OM@YGFHL
MFG^T6EK(VF&.OU0=2<>]`@C,A'<B!:7[SQLU2-8$Z'P#H=2QDBO39PO+@;20
M)]183FK!]4KV5+'"BYSRVGUF0AV(PCB<+EGZ'B*XC);)PW+I!;DU[0'#Z?<H
M=@]([BLW(;IS'*EC>'4:U59175^,9!MEZ($ND;I^0P2X/HN&_1_LL_BWK3."
M)]2+;W82&-!_NJ%_1?,)H%BF%0E<]W,'2NI6U-;RT;:AI'<B%=[1;0><H_@*
MHK=^(BX*J&$84]"4_\V/>;,W2L2JI%*H#0)P`^+_:Q*_Z<\?:$?X(6IL^5B_
M8QTCF_=C@@G77A@2^!R%[,[N$XXOFU=8L"I([1R-&UK(5H7>4%9)TYN@`JU(
M%@PE-?K,$5U8366)-$V`-'=5>O/NR@V@)S!]8=D^&UT=4%.)4,P[LW8QWT`_
M"H6WS02E;3)Z&:34[/V/2_\;78TM*,PA;8H[!]^BY3,@X]G>K:JR_J\EH\\4
MJ0\T)4[_\QL(=)'T&M7;BII2+"2/%M24/OT/3\O<X-R^49>.O,#SZ?\4;CH+
MJ_:9*)7QI>RH?9JZEX+)S!W7ZX6+YB`8(7$R/\D5UPN=*Z[)YYP1<K(?_'<G
M^:39)&T5$OLKU363LC-IVA/;3\O:SPMUKD-KF2:?HE.*J^0$P_#5DDWC8YQL
M=XP1ZT##-R@Z`B^MTUV[BLU38E-EB`HF'AB?F>\!6Z/(I^&X7'=-J6R5TLFX
M!*4EN0\%>>Y+:5!:QTI*Z"-N(=J["X\`E/*BN+"5A-"`VM2%,],#A3P;??F@
MH5K?2K[40]]4_+=A"NWH[P8O:1\2>9N+REI)#76D345.&Z;!1FE?Z0C*H\=E
MNXA-P>X2H-+6H1R7<`G1YR<W.F6T<OT7&4X)6T-;@Q6/?J&-)6%7+NVH^OB[
M[\6OS@$=KWW=Y7\'*=#_&Q"53:]\'\*RE^#XL!?G7LT&JO(TS;?+E8_7`,0Y
MG"/B+=P`3'Q7M*ZK),L>"C4'W\ZGXP3ZB0==H8+$"\A*TJRG6R4%6/R4G$J'
M'+\BNNI;P%43@UM.F/5TJX*_J>?JNI0M0[TWUB";3)KU;*ND@*8NLO:`;KPW
MEF5JD=:SGD(2J*UDEN\J79+]KCY?,A6M)XP,:T-71!ICS'<OX#08G"<DH#_\
MSF"QYP#'L\P)^&^(MOP;1OGQE+>_8&ZJ*J;_!&D4>6,W2@JG(^TXHL;8$G>3
MAC@3"SM<YI3@;^RMWF;XT_YR)KVR`_C;*``%W.(5UC?%@OI/LH:Q-W49I@_K
MY;B?93I?</L&B`<#8;2ZOB#K"::+O:E+,PT1K'`&?'+?DIQ7+'$:':C_-W)]
M.(/)6Y<)SH+93JUB_SE1$VM3-U^*.6`HU':;Y"!XPH*PPN*!N-A=2_"<N,L'
M\$<$`QB"1T!>H`?B3O<`/#Q'L&0J--2:_E.[BPILXRZ0\4GYB:7\B,B:JXDO
M4X8>50YAR@S">Q`NL&@:5JEJ#Q,KHTUI4]G5+DF>];X#Q$E>D4T4HL*7?`U+
M::(`,F5'9<]X-]FQN64IX,+FW^VQ?#FDU,Z5G=K=M///!$JM<JK%=$J#VOF4
M"I<QAGC8;/CLH*=T40671D_6]7_'X9.WJ#,/(S09/]M;$JAA2SG03!1U*0<,
MI3IP@\6=CU\W2Q!)8H-W6HD-J'`GEFXVA\$&I7KJ@H(JA@*=64OHEIRMFZ97
MZ]_H#GZ$-N_,#;V0KJAX$E?)DVO:@KJ[0"@QZ$ZD=!.0K7D>O/]!\PU9M)`J
M:D'U5CVTEO,;,L<>\J`/<KIXPLT,/VU\ZG#H^<.T9^>CU3>`-M^#G`KTSSY(
MTCX/EVQ7^,^R8WJ5JIWCX0^C2X%_IZJ^6IEEC3-/+R2D'V$?!MFE'QQBW4@6
MMUWOW2])K9\,JZ<J.^];_HKQ]!7Z_FBY<B'A/A;QMJ&X\$]B5=*0G9<J[7_5
MV22[JCX$73E,HYLG;;=O'N"OQF3"O8H7#04Z%Y"PELR?)&U3D77O9TI(?&GL
M4=?<4T,9W2?!7!)GB[J`SM&S-1=*39W8N<;;5\K0\W!$QP8Z,@#X4I(E6:5J
MY]A5DP0JK%+40LMO11J:?O?5,4(OU":T5<+IM;3.(3)(!K^N9Z,OU)D00+=*
M4_[6NS)WLI4.D3Q2_'4GLKZPAP>%;9<-9;M,M<J'R"9E/=1U6?2%5>GL/G'7
ME=9&2;U#Y)**"NS,[K2OB_3:S0/@R9C3M\9U%DEB$8=(+DUMV)C723!ZTVY'
MHFH4$]0_1'[IJ**A+$X=>P2Z<$!GZMB<E($JLV*QA$.DF)XR[,S^)%N!)KK^
M!C0\GP(!AT@Q+5W4S1;53=^ZNG^Y=AQUYQC69O1L'9TT];!(YN5RXR.90"7,
MMQ<T$;=?(JASO&LH;E\7<BL18":X1-<!:6Z'^)(TU<PT8DH`I7XM:;W.,:4A
MR^]3JIHJ[#RDV=-%K%[^FRJ3,E4.F$0R+=AY4K.GAJLH@`C0;A3?MF;*ER2Y
MT!%QP/S2U8J=9SM4T1X`TX"'"[D^&,]4YS]IQ0/B5C5=V!F*NJN,>S>,6(.&
M:'J-?1]X/!W<>*8P,>I+.ES.556.G:="ZFJOO3,\',K5U$E3YT(]\$3<0>0B
MKP%/1(F@SO&N(4^$+N16@D=-+OW',UGJLH*2G6-#0]85+^1EX.WT+SR`U0;_
M(_`B"N,&/(M&%4'IPR&+C@(L=2ADUHF%;Q`H++X+ZQT.B:JIPLY+#>K7C`KT
M7OL.6(',PZ%A\VJRU`&1C/AWF-#A/TF[K33D22L>#MDJZJ+EBZ_=BFM0'^'4
M!1P.PVKJQ$9OPNUL!CRZ?:8C_<)%<_!`.\$8\9,)-&7_8QE57UR_Q&>J(Z)S
M7-/U(-0&V\H$:((YQ9CC1R5V0]4$S-$1T7OFU`;;D-L\._QTAS=#.C(3LJ:#
M,']E0HLP.W4M98H*RH9FJ#B[,6TV"0^,*%U)?]TR4P:-W6K8381M)"E?M%KY
M7&VNGZIMA&:8+&/;27)$J]7N_:A2!V<KMQ,,74C8WL:`T]*+!SL%NT>`&@;=
MIX<B8#O3>HY0"*@!0X9<2(AM$>NI((%J:2[.]&PON:<U7++[S0(Z%!>VG!@:
MH.T\BLBJ,\TLNGUE$7JBY:BTGN7$J8:_J7M$Y;>Z6WFGY08&GH^#B(#':+ET
MR7H\>X1S!&?0<U&8I$Y@[QAC'WH9)V[I:RV#,_J?<^QLA;.G6V+Y['F6S!><
M[2><S3=,O$BPAU3VKD!)!2,]OLQJ3]105[[X=$>M<N?ZOMQHN;Y='60+;W#\
MD#Y=D`1-TG'/]SMN5HB1)6_\^?6V4=(LE"4US*S:]QHDZY%E53K7#Q5,E%^V
M:V+K:_>;$+P")%Q/?#;FH"ES?:W8XD*Q,U[L=\94Y'\Y7*A#I3I;L69BJ(HQ
M2CJI0CU#(6'%S5+ONCHB.M>5E<VY$P16#W%?.SB_%!?G/%?LTN_VNW16B`'&
MIW?]KO'R&2*N$=G:M[R*B6Y;T"+U#JM6N7-=5<5PV5Y:`V9?^V?Z]@4=DW@*
MFA$5B>:0>81R]S<EG?;]?J=-)?,)F,MVML*=1+K!QU-HLW;!*J^?-668?".F
MM(FR?J\GI'/]OY*IBUZ&J8&_KP/#-FUC"`GW]R6!PZI#PH?](2&5Z6R%.ANI
M)I:RF,%G;<KBDRW+)96,K,D+VZ2Q(%>MW[DNKF;"W%*\%M:^=F<6>@WCB]S\
MCC=W[0&DX;#^N-^?,T+Y+)\7:R+.2(Q2>6[7E&$DG$JEB;(^KR>D<QV_DJES
M`5?U\?=U,.`W,(I>/94,`;\4G%DQ44Y.EI'S_K1)_)+)IBU)SNEK.N0'_++3
M,[OLE-Y.D0P$=86:"7Q0;/-5MLVRH:*FU,Z-'<W0)1].T;R&^CJZ%%R5DXPK
ME\5+"XSBX<7$B,(_O,`^-4'`G+7A^AL.94L'624CI]Z%;5)?)BC7[UPO5S-A
M[OR[%M:^]M=,N*A:?QV<%1V!,R%.+,5D-+#&&7A)#:,!S3IGX.(JG>N/"B8J
MC&*VO_]M8O'H+L0#!-&-R`A-(ZJ;]2.8IUN4>_<[)M?T5ZH6HMI5"\+,,M]S
MMA]TTB\ZZ2?YEIY_U-E^U<0,%K?G`:PPX8G")).PL+B1Z7>G-1H3K[QFY[JX
MS%2YR;8BOKYV\SL7$GZ)ZQZX[.^YW)627EP0<\;$.5R>DQ-H@.,;9-L&RO;6
MY55,=-2B%LFZ:&F=SG5.%3-E.Z@^NKYVS<?H.0!_1%32[8M&KRP(/MM*<A)1
M1JXVY.%(;TV*BINYEY%OC72:%)7O7/^3F25_RT('U8_M=Y]/67.9:XS^Y?\!
M4$L#!!0````(`,)Z;T#XG\>TB`8``'TO```0`!P`:F-S+3(P,3$Q,C,Q+GAS
M9%54"0`#6T%B3UM!8D]U>`L``00E#@``!#D!``#M6M]OVS80?A^P_X'3RS:@
MLJPX[6HC;I&X26$@:;(X'?I6T!)MLY5(AZ3B^+_?D1)E.989VVNP`=-+*Y-W
MW]WQXX\C<R?O'],$/1`A*6=]+VRU/418Q&/*IGTODSZ6$:7>^W<__W3RB^]_
M.;N]1#&/LI0PA2)!L"(Q6E`U0P/!I9Q00=!XB6[I`U%HQ"=J@:&EP$?'K4ZK
M^Z;51C.EYKT@6"P6+:%%92'9BGCJ^X6Q,RP!'-2,U:-66/8,"L.<]5`G"(^#
MHW9XA-[V.NU>.T0W5Z7@%00RH<]*RFA&4HQ@*)CL>Q7G%IT6%U-0:H?!EZO+
MD9'S<L'>XU@D=$U<MUB%3D"95)A%Q,HGE'UWB.ON,81<PF_(%]Z$W6XW,+T>
M4EA,B?J$4R+G.")KXC"6J5Q*15*IOW7H87C4":V!;Y'<2YYE:;W[L1*!6LY)
M`!)$T*A4X&P''<[\4H\D1,^L"R[2#V2"LT3UO?L,)X9$#V&E!!UGBJP)9&PE
M`FPB=((9XPHKF'+FMVZ9SRF;\.(G-.CAZPF>D#MP`NF/S[=#YW!HF6`$L,;%
M`6>2)S36\_`,)YKGT8S`3/80C?O>#G*E+]:;F$PHH\9KF&_M-O)1"0/?5214
M0*$<ZR1X"O`4.X.E=,W>F>^Y(!(@S?A<0D.A78BX-".<1%ER@.+*L^UZ1:OE
MY&6H*AOE]60(^UQ*3ED\X"F,R8PP"7M1WNI@<6<(-\%';H)75M#U!.6("`RA
M-4M%1\/_(?P/L)Q=)'SA6K+U\FYFC_=A5H,B@]J06$/BAR+7L/_#"CAGBJKE
M$'9SD9HH<OIVDG03U^YJXBQ`]5,OO!P-5>`:Q@XZ(6\@T6-J1A2%P'8]+M>5
MGCL[7^]^=J+?UJ!_;T@]:"^=838E<LA&BD??9SR)(>4_O\]@Q>RZNSH0W'1W
M]MIO<S.PC%'5T*\H-]6P7[<)4QDE7&:"C+(TQ6)Y/1G1*8.,.\*PT481SV!O
M9-,;&/.(DN(\W5O+Q7((BSK4.W()JBG/<36M%62T@D86NZ'52>N0/4"\7-1P
M5^UR$W2T25!%N6'`R<"-X',BU/(FP7GJ`KO17&]:3_G8+NAFI[/)CH5ZA0Q8
MGN18N(8O)U^G$0R4I)7TL[;+S<GQ)B<5Y88!)P,?.8\7-$E@UEY#\B:&$#R;
MTG%"3J4LWV'VD'=S]7J3*XMH%H[!1"M0E*,V)#I)/$_G"5\2<@O)MS!)VAEA
MX-$F?0Y)-W%O-HFS6&@%ABQ:0YB3L`%T4V6R:?/J9=(LPNJR/I>HF[(_-BFK
M@!6O8!6XAC-WTJ[O.?K9D#")ZTZL30$W/V]K4G$-@:H8#2G/+B2>WW7K%H[M
M<A/1K5\HO+C;-A0\<^O1;^=W^+'NUK/J<E(0MNMN/>:QWF@W%#Q#0?F8"CMZ
M1`2#37W(XDPJL1R1J3T]KO`W+@;0"@,K:M@Z",5-;,U[0\4.6AE"UA*RILP)
M98RATEHS$9P3X0)3\1=.,G)%L/YMQO$IS_5";AIK7B4T##(XJ`K4,/3,T]]8
MDOL,8CY_J"-GH]_-2\U[Q`H!Y1#_`T;T/[KHXY9,D"GIZ.FBB+XG*=Q1="F(
M:9L),NE[WR+IVYJ,KV"Z]9@F5D+#.VI+#)?KWA96+0`6T0;&1KU),,^?C"#G
M#JSG%D!1I=4_E$:0MB)?(9R`E\&/BAM8WC?NIQ/CA2*_J9AYF=AAGNX;^Y.I
M_4*A#U967B;R!(_WC1Q42/*",5]J_-IH3X)JM1'\6J]&.H%@N5"(U19M;2LA
MRTO4+GED@!PJ^I=O]7S=Y(='?B=L/<K8^KB/"ZOP]W/!ZNWM@L&2)&I-^0/L
M6=34H?GMT->5:%M\J-71'_Y*^;`!Z.:SB9&I_F/B;H.0"+&FI8>@JX<@?+.;
M$Q,LQP8ID_X4X_G.0U"K&)!$2=NR;4"*RCMSJ,/2^^HJHS@=0[J+(^49UU>E
M%\_(T@36I%XZ2F0PG?*E;XHH>R"C4W;(/?09"3%"*@!`F4;X*'@VMX(41#R$
M"U`+E??!@J4\OC.P<2:*IXXM\<'MK'CRNQ`\_<39G[:&T%R=K^=:6]H(=Y9V
MQ`C7<J*P6.X<I2NJO&^<5S+TO4B0F*JMP5YR-KTC(JV^S^B_^93QN01>-J1\
MIU+[1C24,M."UY/*:\EG%A,!Y-CWW0HW.A@;[(&Z_TUJ#PEF-,."R'\R'"6"
M:TT;F1\R)%MB/XTBL*J?EB4%=POA/*HM??_^9#X)\@T</O\&4$L!`AX#%```
M``@`PGIO0!3UTQ*:C@``@5L(`!``&````````0```*2!`````&IC<RTR,#$Q
M,3(S,2YX;6Q55`4``UM!8D]U>`L``00E#@``!#D!``!02P$"'@,4````"`#"
M>F]`&6J'I3\+``"=JP``%``8```````!````I('DC@``:F-S+3(P,3$Q,C,Q
M7V-A;"YX;6Q55`4``UM!8D]U>`L``00E#@``!#D!``!02P$"'@,4````"`#"
M>F]`[*/IV?8%``"3-P``%``8```````!````I(%QF@``:F-S+3(P,3$Q,C,Q
M7V1E9BYX;6Q55`4``UM!8D]U>`L``00E#@``!#D!``!02P$"'@,4````"`#"
M>F]`$TMTU[$K```/C@(`%``8```````!````I(&UH```:F-S+3(P,3$Q,C,Q
M7VQA8BYX;6Q55`4``UM!8D]U>`L``00E#@``!#D!``!02P$"'@,4````"`#"
M>F]`_UEJSF,8```.HP$`%``8```````!````I(&TS```:F-S+3(P,3$Q,C,Q
M7W!R92YX;6Q55`4``UM!8D]U>`L``00E#@``!#D!``!02P$"'@,4````"`#"
M>F]`^)_'M(@&``!]+P``$``8```````!````I(%EY0``:F-S+3(P,3$Q,C,Q
M+GAS9%54!0`#6T%B3W5X"P`!!"4.```$.0$``%!+!08`````!@`&`!0"```W
%[```````
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>33
<FILENAME>R19.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Subsequent Events<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventsAbstract', window );"><strong>Subsequent Events [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventsTextBlock', window );">Subsequent Events</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 13 &#8211; SUBSEQUENT EVENTS</b></u></font></p>

<p><font class="_mt" size="2">The Company has evaluated subsequent events through the date of this filing. We do not believe there are any material subsequent events which would require further disclosure.</font></p>

<p><font class="_mt" size="2"><b>(b) SUPPLEMENTAL FINANCIAL INFORMATION</b></font></p>

<p align="center"><font class="_mt" size="2"><b>Quarterly Operating Results<br /></b>(in thousands except per share amounts)<br />Unaudited</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="46%">

<p>&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="2%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="11">

<p align="center"><font class="_mt" size="1"><b>Quarter Ended</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="12">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>March 31</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>June 30</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Sept 30</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Dec 31</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="top">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p align="center"><font class="_mt" size="2">2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Sales</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">31,023</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">45,430</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">41,985</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">25,337</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Gross margins</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">13,328</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">18,456</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">16,555</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">10,556</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Operating income</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4,141</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">7,253</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">6,484</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(363</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Net income</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,558</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,085</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,730</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(575</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Basic net income per share</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.30</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.48</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.44</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(0.07</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Diluted net income per share</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.30</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.48</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.44</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(0.07</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center"><font class="_mt" size="2">2010</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Sales</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">25,882</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">30,659</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">33,324</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">30,207</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Gross margins</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">10,515</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">13,284</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">15,310</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">12,092</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Operating income</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,120</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,192</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,304</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,998</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Net income</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,331</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,415</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,999</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,970</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Basic net income per share</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.16</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.29</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.48</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">0.23</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Diluted net income per share</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.16</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.29</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.48</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0.22</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SubsequentEventsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventsTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SubsequentEventsTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R15.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Common Stock<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteAbstract', window );"><strong>Common Stock [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Common Stock</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 9 &#8211; COMMON STOCK</b></u></font></p>

<p><font class="_mt" size="2">PURCHASES OF COMMUNICATIONS SYSTEMS, INC. COMMON STOCK</font></p>

<p><font class="_mt" size="2">In October 2008, the Company's Board of Directors authorized the repurchase of shares of the Company's stock pursuant to Exchange Act Rule 10b-18 on the open market, in block trades or in private transactions. At December 31, 2011, 481,938 additional shares could be repurchased under outstanding Board authorizations. </font></p>

<p><font class="_mt" size="2">SHAREHOLDER RIGHTS PLAN</font></p>

<p><font class="_mt" size="2">On December 23, 2009 the Board of Directors adopted a shareholders' rights plan. Under this plan, the Board of Directors declared a distribution of one right per share of common stock. Each right entitles the holder to purchase 1/100<sup>th</sup> of a share of a new series of Junior Participating Preferred Stock of the Company at an initial exercise price of $41. The rights expire on December 23, 2019. The rights will become exercisable only following the acquisition by a person or group, without the prior consent of the Board of Directors, of 16.5% or more of the Company's voting stock, or following the announcement of a tender offer or exchange offer to acquire an interest of 16.5% or more. If the rights become exercisable, each rightholder will be entitled to purchase, at the exercise price, common stock with a market value equal to twice the exercise price. Should the Company be acquired, each right would entitle the holder to purchase, at the exercise price, common stock of the acquiring company with a market value equal to twice the exercise price. Any rights owned by the acquiring person or group would become void.</font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityNoteAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityNoteAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable).  Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 4.E)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21484-112644<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 4<br><br> -Subparagraph (SAB TOPIC 4.C)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187143-122770<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Preferred Stock<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6521494<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 5<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Article 4<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section C<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21488-112644<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph d<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23285-112656<br><br><br><br>Reference 17: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 18: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(d),(e))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 19: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 1<br><br> -Section B<br><br> -Paragraph 7, 11A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 20: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 21: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 22: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21506-112644<br><br><br><br>Reference 23: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21564-112644<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityNoteDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R13.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Commitments And Contingencies<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments And Contingencies [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments And Contingencies</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 7 &#8211; COMMITMENTS AND CONTINGENCIES</b></u></font></p>

<p><font class="_mt" size="2"><b>Operating leases: </b>The Company leases land, buildings and equipment under operating leases with original terms from 1 to 5 years. Total rent expense was $421,000, $402,000 and $440,000 in 2011, 2010 and 2009 respectively. Sublease income received was $0, $8,000 and $12,000 in 2011, 2010 and 2009 respectively. At December 31, 2011, the Company was obligated under noncancelable operating leases to make minimum annual future lease payments as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="70%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="82%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p align="center">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Year Ending December 31:</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">2012</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">175,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">2013</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">7,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Thereafter</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">182,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2"><b>Long-term debt:</b> The mortgage on the Company's headquarters building is payable in monthly installments and carries an interest rate of 6.83%. The mortgage matures on March 1, 2016. The outstanding balance on the mortgage was $2,002,000 at December 31, 2011. The mortgage is secured by the building. </font></p>

<p><font class="_mt" size="2">The annual requirements for principal payments on the mortgage are as follows: </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="60%" align="center">
<tr style="font-size: 1px;"><td valign="top" width="90%">

<p>&nbsp;</p></td>
<td valign="top" width="10%">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">2012</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">427,000</font></p></td></tr>
<tr><td valign="top">

<p><font class="_mt" size="2">2013</font></p></td>
<td valign="top">

<p><font class="_mt" size="2">457,000</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">2014</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">490,000</font></p></td></tr>
<tr><td valign="top">

<p><font class="_mt" size="2">2015</font></p></td>
<td valign="top">

<p><font class="_mt" size="2">524,000</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">2016</font></p></td>
<td bgcolor="#d6f3e8" valign="top">

<p><font class="_mt" size="2">104,000</font></p></td></tr></table>

<p><font class="_mt" size="2"><b>Purchasing obligations: </b>On September 30, 2011, the Company entered into a contract with IFS to implement a new Enterprise Resource Planning (ERP) system. The remaining contract balance at December 31, 2011 was $739,000. The contract includes annual future obligations for the years ending December 31, as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="60%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="85%">

<p>&nbsp;</p></td>
<td valign="bottom" width="4%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="8%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">2012</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">532,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">2013</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">207,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2"><b>Line of credit:</b> The Company has a $10,000,000 line of credit from Wells Fargo Bank. The Company had no outstanding borrowings against the line of credit at December 31, 2011 and 2010 and the entire credit line is available for use. Interest on borrowings on the credit line is at LIBOR plus 1.1% (1.7% at December 31, 2011). The credit agreement expires October 31, 2013 and is secured by assets of the Company. Our credit agreement contains financial covenants including current ratio, net income, and tangible net worth minimums. The Company was in compliance with all financial covenants as of December 31, 2011. </font></p>

<p><font class="_mt" size="2">As of December 31, 2011, the Company had no other material commitments (either cancelable or non-cancelable) for capital expenditures or other purchase commitments related to ongoing operations. </font></p>

<p><font class="_mt" size="2"><b>Long-term compensation plans:</b> The Company has a long term incentive plan. The plan provides long-term competitive compensation to enable the Company to attract and retain qualified executive talent and to reward employees for achieving goals and improving company performance. The plan provides grants of "performance units" made at the beginning of performance periods and paid at the end of the period if performance goals are met. Awards were previously made every other year and are paid following the end of the cycle with annual vesting. Payment in the case of retirement, disability or death will be on a pro rata basis. The Company accrued expense of $286,000, $926,000 and $734,000 in 2011, 2010 and 2009, respectively. Accrual balances for long-term compensation plans at December 31, 2011 and 2010 were $2,024,000 and $1,738,000, respectively. Awards paid were $0 in 2011, $1,332,000 in 2010 and $0 in 2009. Awards for the 2008 to 2011 cycle will be paid out in 2012 in cash, awards for the 2010 to 2013 and the 2011 to 2013 cycles will be paid out 50% in cash and 50% in stock. The stock portion of these awards are treated as equity plans and included within the Stock Compensation footnote below. </font></p>

<p><font class="_mt" size="2"><b>Other contingencies: </b>In the ordinary course of business, the Company is exposed to legal actions and claims and incurs costs to defend against such actions and claims. Company management is not aware of any outstanding or pending legal actions or claims that would materially affect the Company's financial position or results of operations. </font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingenciesDisclosureAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for commitments and contingencies.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14435-108349<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 460<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6398077&amp;loc=d3e12565-110249<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Interpretation (FIN)<br><br> -Number 14<br><br> -Paragraph 3<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 440<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394976&amp;loc=d3e25287-109308<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 5<br><br> -Paragraph 9, 10, 11, 12<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingenciesDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R14.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Stock Compensation<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract', window );"><strong>Stock Compensation [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">Stock Compensation</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 8 &#8211; STOCK COMPENSATION</b></u></font></p>

<p><font class="_mt" size="2"><u>2011 Executive Incentive Compensation Plan </u></font></p>

<p><font class="_mt" size="2">On March 28, 2011 the Board adopted and on May 19, 2011 the Company's shareholders approved the Company's 2011 Executive Incentive Compensation Plan ("2011 Incentive Plan"). The 2011 Incentive Plan authorizes incentive awards to officers, key employees and non-employee directors in the form of options (incentive and non-qualified), stock appreciation rights, restricted stock, restricted stock units, performance stock units ("deferred stock"), performance cash units, and other awards in stock, cash, or a combination of stock and cash. Up to 1,000,000 shares of our common stock may be issued pursuant to awards under the 2011 Incentive Plan. The 2011 Incentive Plan is administered by the Compensation Committee of the Board of Directors. Through December 31, 2011, the only awards that have been made under the 2011 Incentive Plan are those described in following paragraphs. </font></p>

<p><font class="_mt" size="2">The 2011 Incentive Plan permits equity awards to non-employee directors either in the form of restricted stock grants or non-qualified stock option awards, or both. On March 28, 2011, the Compensation Committee and the Board determined that, subject to receiving shareholder approval of the 2011 Incentive Plan, each non-employee director elected or re-elected at the May 19, 2011 Annual Shareholders Meeting (the "2011 Shareholders Meeting") would be issued shares of restricted stock having a value of $40,000 based on the closing price of the Company's common stock on May 19, 2011 and also determined this restricted stock would vest after one year and be subject to restrictions on resale for one additional year. At the 2011 Shareholders Meeting, the Company's shareholders approved the 2011 Incentive Plan and, effective as of that date, the Company awarded 2,226 shares of restricted stock to each of the Company's six non-employee directors for a total of 13,356 shares. In addition, on August 11, 2011, the Company's Board awarded a 2,226 share restricted stock grant to the Company's former chief executive officer, who began service as a non-employee director after retiring as chief executive officer on May 19, 2011. </font></p>

<p><font class="_mt" size="2">At December 31, 2011, 984,418 shares remained available to be issued under the 2011 Incentive Plan. </font></p>

<p><font class="_mt" size="2"><u>Stock Option Plan for Directors </u></font></p>

<p><font class="_mt" size="2">Shares of common stock are reserved for issuance to non-employee directors under options granted by the Company prior to 2011 under its Stock Option Plan for Non-Employee Directors (the "Director Plan"). Under the Director Plan nonqualified stock options to acquire 3,000 shares of common stock were automatically granted to each non-employee director concurrent with annual meetings of shareholders in 2010 and earlier years and vested immediately. The exercise price of options granted was the fair market value of the common stock on the date of the respective shareholder meetings. Options granted under the Director Plan expire 10 years from date of grant. </font></p>

<p><font class="_mt" size="2">The Director Plan was suspended as of May 19, 2011 to prohibit automatic option grants in 2011 in connection with seeking and receiving shareholder approval of the 2011 Incentive Plan, at the 2011 Annual Meeting of Shareholders. As shareholder approval was received, the Board amended the Director Plan to prohibit any future option awards under that plan on August 11, 2011. Stock options were granted to non-employee directors for 0, 18,000, and 18,000 shares in 2011, 2010 and 2009, respectively. </font></p>

<p><font class="_mt" size="2"><u>Stock Plan </u></font></p>

<p><font class="_mt" size="2">Under the Company's 1992 Stock Plan ("the Stock Plan"), shares of common stock may be issued pursuant to stock options, restricted stock or deferred stock grants to officers and key employees. Exercise prices of stock options under the Stock Plan cannot be less than fair market value of the stock on the date of grant. Rules and conditions governing awards of stock options, restricted stock and deferred stock are determined by the Compensation Committee of the Board of Directors, subject to certain limitations in the Stock Plan. When seeking approval of the 2011 Incentive Plan at the 2011 Shareholders Meeting, the Company committed to amending the Stock Plan to prohibit the issuance of future equity awards if such approval was given. Effective August 11, 2011, the amendment to prohibit future stock options or other equity awards was approved. </font></p>

<p><font class="_mt" size="2">During 2011, prior to amending the Stock Plan to prohibit future awards, stock options were awarded covering 96,250 shares to key executive employees, which options expire seven years from the date of award and vest 25% each year beginning one year after the date of award. </font></p>

<p><font class="_mt" size="2">During 2011, prior to amending the Stock Plan to prohibit future awards, key employees were granted deferred stock awards covering 16,092 shares tied to achievement against performance goals in 2010 under the Company's long term incentive plan. To the extent earned, the deferred stock will be paid out in the first quarter of 2014 to key employees still employed by the Company at that time. The Company also granted deferred stock awards covering 77,588 shares to key employees under the Company's long term incentive plan tied to achievement against performance over the 2011 to 2013 period. The actual number of shares of deferred stock earned by the respective employees, if any, will be determined based on achievement against cumulative performance goals for the three years ending December 31, 2013 and the number of shares earned will be paid in the first quarter of 2014 to those key employees still employed by the Company at that time. During 2011, the Company also granted deferred stock awards of up to 12,156 shares to executive employees that could be earned under the Company's short-term incentive plan if actual revenue equaled or exceeded 150% of 2011 quarterly or annual revenue targets. The number of shares earned by the respective executive employees will be paid out no later than the first quarter of 2012. </font></p>

<p><font class="_mt" size="2">At December 31, 2011 after reserving for stock options and deferred stock awards described in the two preceding paragraphs and adjusting for forfeitures and issuances during the year, there were 162,243 shares reserved for issuance under the Stock Plan. The Company did not award stock options or deferred stock under this plan in 2010 or 2009. </font></p>

<p><font class="_mt" size="2"><u>Stock Options Outstanding </u></font></p>

<p><font class="_mt" size="2">The following table summarizes changes in the number of outstanding stock options under the Director Plan and Stock Plan during the three years ended December 31, 2011. </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="50%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Options</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Weighted average <br />exercise price <br />per share</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Weighted average <br />remaining <br />contractual term</b> </font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Outstanding &#8211; December 31, 2008</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">351,350</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">9.99</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2.78 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Awarded</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">18,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">9.73</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Exercised</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(6,400</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">10.71</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Forfeited</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(173,950</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">10.18</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Outstanding &#8211; December 31, 2009</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">189,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">9.77</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4.75 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Awarded</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">18,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">11.82</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Exercised</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(21,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">8.70</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Forfeited</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(24,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">14.13</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Outstanding &#8211; December 31, 2010</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">162,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">9.49</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5.33 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Awarded</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">96,250</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">14.16</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Exercised</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(9,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">8.10</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Forfeited</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(12,430</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">11.23</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Outstanding &#8211; December 31, 2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">236,820</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">11.35</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5.18 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Exercisable at December 31, 2011</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">164,635</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">10.12</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.73 years</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Expected to vest at December 31, 2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">235,801</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">11.34</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5.17 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">The fair value of awards issued under the Company's stock option plan is estimated at grant date using the Black-Scholes option-pricing model. The following table displays the assumptions used in the model. </font></p><br />

<table border="0" cellspacing="0" cellpadding="0" width="90%">
<tr style="font-size: 1px;"><td valign="bottom" width="52%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="8">

<p align="center"><font class="_mt" size="1"><b>Year Ended December 31</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="8">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2009</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Expected volatility</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">27.7</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">27.3</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">28.3</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Risk free interest rate</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3.4</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3.7</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3.4</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Expected holding period</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Dividend yield</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.2</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.7</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.9</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td></tr></table>

<p><font class="_mt" size="2">Total unrecognized compensation expense was $102,000, $0, and $0 for the years ending December 31, 2011, 2010 and 2009, respectively, which is expected to be recognized over the next 3.2 years. The aggregate intrinsic value of all outstanding options, exercisable options, and options expected to vest (the amount by which the market price of the stock on the last day of the period exceeded the market price of the stock on the date of grant) was $651,000 based on the Company's stock price at December 31, 2011. The intrinsic value of options exercised during the year was $61,000, $183,000 and $30,000 in 2011, 2010 and 2009, respectively. Net cash proceeds from the exercise of all stock options were $73,000, $0 and $30,000 for 2011, 2010 and 2009, respectively. The following table summarizes the status of stock options outstanding at December 31, 2011:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="53%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="13%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="1"><b>Range of Exercise Prices</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Shares</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Weighted Average<br />Remaining<br />Option Life</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Weighted<br />Average<br />Exercise Price</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$7.13 to $8.64</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">45,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1.4 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7.59</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">$8.65 to $9.99</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">33,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">6.0 years</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">9.67</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$10.00 to $12.00</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">69,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5.9 years</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">10.95</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">$12.01 to $14.50</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">89,820</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">6.2 years</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">14.16</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">The Company receives an income tax benefit related to the gains received by officers and key employees who make disqualifying dispositions of stock received on exercise of qualified incentive stock options and on non-qualified options. The amount of tax benefit received by the Company was $22,000, $35,000 and $0 in 2011, 2010 and 2009 respectively. The tax benefit amounts have been credited to additional paid-in capital. </font></p>

<p><font class="_mt" size="2"><u>Deferred Stock Outstanding</u></font></p>

<p><font class="_mt" size="2">The following table summarizes the changes in the number of deferred stock shares under the Stock Plan and 2011 Incentive Plan over the period December 31, 2010 to December 31, 2011:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="80%">
<tr style="font-size: 1px;"><td valign="bottom" width="59%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="14%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="14%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Shares</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>Weighted Average<br />Grant Date<br />Fair Value</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Outstanding &#8211; December 31, 2010</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Granted</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">105,836</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">15.15</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Vested</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(2,657</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">15.40</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Forfeited</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(31,330</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">15.27</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Outstanding &#8211; December 31, 2011</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">71,849</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">15.14</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">The grant date fair value is calculated based on the Company's closing stock price as of the grant date. As of December 31, 2011, the total unrecognized compensation expense related to the deferred stock shares was $302,000 and is expected to be recognized over a weighted-average period of 2 years.</font></p>

<p><font class="_mt" size="2"><u>Compensation Expense</u></font></p>

<p><font class="_mt" size="2">Share-based compensation expense is recognized based on the fair value of awards granted over the vesting period of the award. Share-based compensation expense recognized for 2011, 2010 and 2009 was $449,000, $39,000 and $32,000 before income taxes and $292,000, $25,000 and $20,000 after income taxes, respectively. Share-based compensation expense is recorded as a part of selling, general and administrative expenses.</font></p>

<p><font class="_mt" size="2"><u>Employee Stock Purchase Plan</u></font></p>

<p><font class="_mt" size="2">Under the Company's Employee Stock Purchase Plan ("ESPP") employees are able to acquire shares of common stock at 90% of the price at the end of each current quarterly plan term. The most recent term ended December 31, 2011. The ESPP is considered compensatory under current rules. At December 31, 2011, after giving effect to the shares issued as of that date, 66,413 shares remain available for purchase under the ESPP.</font></p>

<p><font class="_mt" size="2"><u>Employee Stock Ownership Plan (ESOP)</u></font></p>

<p><font class="_mt" size="2">All eligible employees of the Company participate in the ESOP after completing one year of service. Contributions are allocated to each participant based on compensation and vest 30% after three years of service and incrementally thereafter, with full vesting after seven years. At December 31, 2011, the ESOP held 531,137 shares of the Company's common stock, all of which have been allocated to the accounts of eligible employees. Contributions to the plan are determined by the Board of Directors and can be made in cash or shares of the Company's stock. The 2011 ESOP contribution was $508,199 for which the Company issued 36,145 shares in March 2012. The 2010 ESOP contribution was $316,027 for which the Company issued 22,493 shares in 2011. The Company's 2009 ESOP contribution was $471,563 for which the Company issued 37,907 shares of common stock to the ESOP in 2010. </font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5444-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 93-6<br><br> -Paragraph 53<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 14<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph 64, 65, A240<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418621&amp;loc=d3e17540-113929<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 50<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6406099&amp;loc=d3e25284-112666<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R16.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Income Taxes<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Taxes [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 10 - INCOME TAXES</b></u></font></p>

<p><font class="_mt" size="2">Income tax expense from continuing operations consists of the following:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="56%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="8">

<p align="center"><font class="_mt" size="1"><b>Year Ended December 31</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="8">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2009</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Currently payable income taxes:</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Federal</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,609,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">5,906,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,766,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">State</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">414,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">581,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">362,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Foreign</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">103,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(50,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(14,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,126,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,437,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,114,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Deferred income taxes (benefit):</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Federal</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1,204,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(522,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">551,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">State</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">72,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(10,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">37,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Foreign</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">420,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">14,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">54,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,696,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(518,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">642,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7,822,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,919,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,756,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">Austin Taylor Communications, Ltd. operates in the United Kingdom (U.K.) and is subject to U.K. rather than U.S. income taxes. Austin Taylor had pretax losses of $1,474,000, $1,119,000 and $1,252,000 in 2011, 2010 and 2009 respectively. At the end of 2011, Austin Taylor's net operating loss carry-forward was $6,986,000. $56,000 of the 2011 pretax loss will provide group relief to Patapsco, a U.K. company acquired by Communications Systems, Inc. during 2011. The Company remains uncertain that it will be able to generate the future income needed to realize the tax benefit of the carry-forward. Accordingly, the Company has continued to maintain its deferred tax valuation allowance against the potential carry-forward benefit. </font></p>

<p><font class="_mt" size="2">In 2007, Transition Networks China began operations in China and is subject to Chinese taxes rather than U.S. income taxes. Transition Networks China had pretax income of $24,000 in 2011 and pretax losses of $115,000 and $190,000 in 2010 and 2009 respectively. At the end of 2011, Transition Networks China's net operating loss carry-forward was $1,730,000. Due to the history of losses in China the Company remains uncertain that it will be able to generate the future income needed to realize the tax benefit of the carry-forward. Accordingly, the Company has continued to maintain its deferred tax valuation allowance against the potential carry-forward benefit. </font></p>

<p><font class="_mt" size="2">Suttle Costa Rica, S.A. operates in Costa Rica and is subject to Costa Rica income taxes. In 2005, the Board of Directors of Suttle Costa Rica S. A. declared a dividend in the amount of $3,500,000 payable to the Company. The dividend and related "dividend reinvestment plan" qualify under Internal Revenue Code Sec. 965, which allows the Company to receive an 85% dividend received deduction if the amount of the dividend is reinvested in the United States pursuant to a domestic reinvestment plan. The Company made the required qualified capital expenditures in 2006. It is the Company's intention to maintain the remaining undistributed earnings in its Costa Rica subsidiary to support continued operations there. No deferred taxes have been provided for the undistributed earnings. </font></p>

<p><font class="_mt" size="2">Suttle Costa Rica had pretax income of $155,000 and $80,000 in 2011 and 2010 respectively and pretax loss of $519,000 in 2009. At the end of 2011, Suttle Costa Rica's net operating loss carry-forward was $519,000. The Costa Rican tax authorities may allow losses to be carried forward to future periods at their discretion. The Company believes that it is unlikely that the Costa Rican tax authorities would grant the request to defer the prior years' net operating losses to future periods. Therefore, the Company has placed a deferred tax valuation allowance against the potential carry-forward benefit.</font></p>

<p><font class="_mt" size="2">The provision for income taxes for continuing operations varied from the federal statutory tax rate as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr style="font-size: 1px;"><td valign="bottom" width="56%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="8">

<p align="center"><font class="_mt" size="1"><b>Year Ended December 31</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="8">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2009</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Tax at U.S. statutory rate</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">35.0</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">35.0</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">35.0</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">%</font></p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Surtax exemption</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(0.3</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(0.6</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(0.9</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">State income taxes, net of federal benefit</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">1.9</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2.4</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2.5</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Foreign income taxes, net of foreign tax credits</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.7</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2.7</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">4.9</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr bgcolor="#d6f3e8"><td valign="bottom">

<p><font class="_mt" size="2">Impairment of goodwill</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2.5</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Other</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">.6</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(1.6</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2.5</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr bgcolor="#d6f3e8"><td valign="bottom">

<p><font class="_mt" size="2">Effective tax rate</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">44.4</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">37.9</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">44.0</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">%</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table><br />

<p><font class="_mt" size="2">Deferred tax assets and liabilities as of December 31 related to the following:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="85%">
<tr style="font-size: 1px;"><td valign="bottom" width="65%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="11%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="11%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Deferred tax assets:</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Allowance for doubtful accounts</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">58,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">184,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Inventory</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,611,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">3,347,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Accrued and prepaid expenses</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">762,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">939,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Domestic net operating loss carry-forward</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">186,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">265,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Long-term compensation plans</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">298,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">338,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Nonemployee director stock compensation</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">128,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">71,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Other stock compensation</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">122,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">&#8212;</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">State income taxes</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">63,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">58,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Foreign net operating loss carry-forwards and credits</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,625,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,660,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Gross deferred tax assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">6,853,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">7,862,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Valuation allowance</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(2,624,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(2,216,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Net deferred tax assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">4,229,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,646,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Deferred tax liabilities</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Depreciation</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,577,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,373,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;"><font class="_mt" size="2">Intangible assets</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(674,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">(388,000</font></p></td>
<td valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 17.3pt; margin-right: 0in;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Gross deferred tax liability</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(2,251,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(1,761,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Total net deferred tax asset</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">1,978,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">3,885,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table><br />

<p><font class="_mt" size="2">As part of previous acquisitions, the Company purchased net operating loss carry-forwards in the amount of $3,790,000. At December 31, 2011, the Company had $531,000 remaining net operating loss carry-forwards for income tax purposes which expire in 2014. Utilization of net operating loss carry-forwards is limited to $228,000 per year in future years.</font></p>

<p><font class="_mt" size="2">The Company assesses uncertain tax positions in accordance with ASC 740. Under this method, the Company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such uncertain tax positions are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. The Company's practice is to recognize interest and penalties related to income tax matters in income tax expense.</font></p>

<p><font class="_mt" size="2">Changes in the Company's unrecognized tax benefits are summarized as follows:</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="90%" align="center">
<tr style="font-size: 1px;"><td valign="bottom" width="52%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="10%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2011</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2010</b></font></p></td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>2009</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p align="center">&nbsp;</p></td>
<td valign="bottom" colspan="2">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Unrecognized tax benefits &#8211; January 1</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">270,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">349,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">380,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Gross increases - tax positions in prior period</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">0</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Gross decreases - tax positions in prior period</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right">&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Gross increases - current period tax positions</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">7,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">7,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">66,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">Expiration of statute of limitations</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(43,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(86,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">(97,000</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">)</font></p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p><font class="_mt" size="2">Unrecognized tax benefits &#8211; December 31, 2011</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">234,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">270,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">349,000</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="3" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">Included in the balance of unrecognized tax benefits at December 31, 2011 are $342,000 of tax benefits that if recognized would affect the tax rate. The Company's unrecognized tax benefits could be reduced by $81,000 in the next twelve months due to statute of limitations expirations. The Company's income tax liability accounts included accruals for interest and penalties of $172,000 at December 31, 2011. The Company's 2011 income tax expense was decreased by $236,000 due to net decreases for accrued interest and penalties.</font></p>

<p><font class="_mt" size="2">The Company's federal and state tax returns and tax returns it has filed in Costa Rica and the United Kingdom are open for review going back to the 2008 tax year. Puerto Rico has no statute of limitations on tax returns.</font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxDisclosureAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 136, 172<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 43, 44, 45, 46, 47, 48, 49<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0E45DI">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Statements Of Changes In Stockholders' Equity (USD $)<br></strong></div>
        </th>
        <th class="th">
          <div>Common Stock [Member]</div>
        </th>
        <th class="th">
          <div>Additional Paid-In Capital [Member]</div>
        </th>
        <th class="th">
          <div>Retained Earnings [Member]</div>
        </th>
        <th class="th">
          <div>Cumulative Other Comprehensive Income (Loss) [Member]</div>
        </th>
        <th class="th">
          <div>Total</div>
        </th>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Dec. 31, 2008</a></td>
        <td class="nump">$ 414,117<span></span></td>
        <td class="nump">$ 33,019,154<span></span></td>
        <td class="nump">$ 50,503,410<span></span></td>
        <td class="num">$ (208,538)<span></span></td>
        <td class="nump">$ 83,728,143<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Dec. 31, 2008</a></td>
        <td class="nump">8,282,349<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">6,043,645<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">6,043,645<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Issuance of common stock under Employee Stock Purchase Plan</a></td>
        <td class="nump">616<span></span></td>
        <td class="nump">101,450<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">102,066<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Issuance of common stock under Employee Stock Purchase Plan, shares</a></td>
        <td class="nump">12,327<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan</a></td>
        <td class="nump">2,847<span></span></td>
        <td class="nump">441,231<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">444,078<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan, shares</a></td>
        <td class="nump">56,933<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueOther', window );">Issuance of common stock under Employee Stock Option Plan</a></td>
        <td class="nump">320<span></span></td>
        <td class="nump">68,240<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">68,560<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesOther', window );">Issuance of common stock under Employee Stock Option Plan , shares</a></td>
        <td class="nump">6,400<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_TaxBenefitFromNonQualifiedStockOptions', window );">Tax benefit from non-qualified stock options</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">467<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">467<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition', window );">Share based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">31,571<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">31,571<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValueAcquiredCostMethod', window );">Purchase of common stock</a></td>
        <td class="num">(256)<span></span></td>
        <td class="num">(20,603)<span></span></td>
        <td class="num">(32,258)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(53,117)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockSharesAcquired', window );">Purchase of common stock , shares</a></td>
        <td class="num">(5,126)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Dividends', window );">Shareholder dividends</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4,507,536)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4,507,536)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">81,416<span></span></td>
        <td class="nump">81,416<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Dec. 31, 2009</a></td>
        <td class="nump">417,644<span></span></td>
        <td class="nump">33,641,510<span></span></td>
        <td class="nump">52,007,261<span></span></td>
        <td class="num">(127,122)<span></span></td>
        <td class="nump">85,939,293<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Dec. 31, 2009</a></td>
        <td class="nump">8,352,883<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">9,715,433<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">9,715,433<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Issuance of common stock under Employee Stock Purchase Plan</a></td>
        <td class="nump">555<span></span></td>
        <td class="nump">124,579<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">125,134<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Issuance of common stock under Employee Stock Purchase Plan, shares</a></td>
        <td class="nump">11,107<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan</a></td>
        <td class="nump">1,895<span></span></td>
        <td class="nump">469,581<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">471,476<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan, shares</a></td>
        <td class="nump">37,900<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan', window );">Issuance of common stock under Non-Employee Stock Option Plan</a></td>
        <td class="nump">1,050<span></span></td>
        <td class="nump">181,626<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">182,676<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares', window );">Issuance of common stock under Non-Employee Stock Option Plan, shares</a></td>
        <td class="nump">21,000<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_TaxBenefitFromNonQualifiedStockOptions', window );">Tax benefit from non-qualified stock options</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">34,981<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">34,981<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition', window );">Share based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">39,093<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">39,093<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Dividends', window );">Shareholder dividends</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4,952,878)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(4,952,878)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(158,515)<span></span></td>
        <td class="num">(158,515)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Dec. 31, 2010</a></td>
        <td class="nump">421,144<span></span></td>
        <td class="nump">34,491,370<span></span></td>
        <td class="nump">56,769,816<span></span></td>
        <td class="num">(285,637)<span></span></td>
        <td class="nump">91,396,693<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Dec. 31, 2010</a></td>
        <td class="nump">8,422,890<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">9,797,866<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">9,797,866<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Issuance of common stock under Employee Stock Purchase Plan</a></td>
        <td class="nump">515<span></span></td>
        <td class="nump">151,761<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">152,276<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans', window );">Issuance of common stock under Employee Stock Purchase Plan, shares</a></td>
        <td class="nump">10,308<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan</a></td>
        <td class="nump">1,125<span></span></td>
        <td class="nump">314,902<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">316,027<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan', window );">Issuance of common stock to Employee Stock Ownership Plan, shares</a></td>
        <td class="nump">22,493<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan', window );">Issuance of common stock under Non-Employee Stock Option Plan</a></td>
        <td class="nump">450<span></span></td>
        <td class="nump">72,450<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">72,900<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares', window );">Issuance of common stock under Non-Employee Stock Option Plan, shares</a></td>
        <td class="nump">9,000<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation', window );">Issuance of common stock under Executive Stock Plan</a></td>
        <td class="nump">105<span></span></td>
        <td class="nump">31,974<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">32,079<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Issuance of common stock under Executive Stock Plan , shares</a></td>
        <td class="nump">2,083<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_jcs_TaxBenefitFromNonQualifiedStockOptions', window );">Tax benefit from non-qualified stock options</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">21,920<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">21,920<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition', window );">Share based compensation</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">448,896<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">448,896<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Dividends', window );">Shareholder dividends</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(5,101,340)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(5,101,340)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent', window );">Other comprehensive income</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">393,243<span></span></td>
        <td class="nump">393,243<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Dec. 31, 2011</a></td>
        <td class="nump">$ 423,339<span></span></td>
        <td class="nump">$ 35,533,273<span></span></td>
        <td class="nump">$ 61,466,342<span></span></td>
        <td class="nump">$ 107,606<span></span></td>
        <td class="nump">$ 97,530,560<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Dec. 31, 2011</a></td>
        <td class="nump">8,466,774<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Issuance of common stock under non-employee stock option plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlan</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Issuance of common stock under non-employee stock option plan, shares.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_IssuanceOfCommonStockUnderNonEmployeeStockOptionPlanShares</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_jcs_TaxBenefitFromNonQualifiedStockOptions">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tax benefit from non-qualified stock options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>jcs_TaxBenefitFromNonQualifiedStockOptions</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>jcs_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of recognized equity-based compensation related to employee stock purchase programs during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Dividends">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of aggregate cash, stock, and paid-in-kind dividends declared for all securities (common shares, preferred shares, etc.) during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 405<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 01-6<br><br> -Paragraph 14<br><br> -Subparagraph l<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Dividends</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity.  Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (c)(3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 20<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569643-111683<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares issued and outstanding as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A3<br><br> -Appendix A<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 4.E)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of stock issued during the period as a result of employee stock ownership plan (ESOP).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 40<br><br> -Section 25<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418455&amp;loc=d3e16649-113920<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares issued during the period as a result of an employee stock purchase plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesOther</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of share options (or share units) exercised during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate value of stock issued during the period as a result of employee stock ownership plan (ESOP).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 40<br><br> -Section 25<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418455&amp;loc=d3e16649-113920<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate change in value for stock issued during the period as a result of employee stock purchase plan.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueOther">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueOther</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (d)(1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph 64<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockSharesAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and are being held in treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_TreasuryStockSharesAcquired</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValueAcquiredCostMethod">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 1<br><br> -Section B<br><br> -Paragraph 7<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_TreasuryStockValueAcquiredCostMethod</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>39
<FILENAME>R10.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Acquisition<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationsAbstract', window );"><strong>Acquisition [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationDisclosureTextBlock', window );">Acquisition</a></td>
        <td class="text"><div> <p><font class="_mt" size="2"><u><b>NOTE 4 &#8211; ACQUISITION </b></u></font></p>

<p><font class="_mt" size="2">On July 27, 2011, the Company acquired Patapsco Designs Limited of the UK ("Patapsco"). The purchase price totals $5,094,000, with cash acquired totaling $862,000. The purchase price includes initial consideration of $3,271,000, deferred consideration of $466,000 to be paid out no later than 18 months from the acquisition date, $656,000 in working capital adjustments, and $701,000 in contingent consideration. The Company has agreed to pay consideration up to $818,000 contingent upon the Patapsco business meeting gross margin and other non-financial targets, with the consideration to paid out no later than two years from the acquisition date. Although the maximum contingent consideration is $818,000, the Company has recognized $701,000 as the estimated fair value of the contingent consideration at the date of acquisition. This contingent consideration has been calculated based on the exchange rate at the date of acquisition and actual payments may differ based on fluctuations in the exchange rate between the dollar and the pound. At December 31, 2011, the Company had estimated liabilities of $1,003,000 related to outstanding consideration payments. </font></p>

<p><font class="_mt" size="2">The assets and liabilities of Patapsco were recorded in the consolidated balance sheet within the Transition Networks' segment as of the acquisition date, at their respective fair values. The purchase price allocation is based on the estimated fair value of assets acquired and liabilities assumed and has been allocated as follows: </font></p>

<table style="margin-left: 5%;" border="0" cellspacing="0" cellpadding="0" width="65%">
<tr style="font-size: 1px;"><td valign="bottom" width="82%">

<p>&nbsp;</p></td>
<td valign="bottom" width="3%">

<p>&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td>
<td valign="bottom" width="12%">

<p align="right">&nbsp;</p></td>
<td valign="bottom" width="1%">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom" colspan="2">

<p align="center"><font class="_mt" size="1"><b>July 27, 2011</b></font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Current assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">2,052,149</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Property, plant, and equipment</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">163,671</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Intangible assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">801,488</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Goodwill</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">2,702,340</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Total assets</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,719,648</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Current liabilities</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">414,735</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Long-term deferred tax liabilities</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">210,952</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">
<hr  align="center" size="1" width="100%" noshade="noshade" />
</td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Total liabilities</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right"><font class="_mt" size="2">625,687</font></p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td>
<td valign="bottom">

<p align="right">&nbsp;</p></td>
<td valign="bottom">

<p>&nbsp;</p></td></tr>
<tr><td bgcolor="#d6f3e8" valign="bottom">

<p style="text-indent: -8.65pt; margin-left: 8.65pt;"><font class="_mt" size="2">Net assets acquired</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p><font class="_mt" size="2">$</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p align="right"><font class="_mt" size="2">5,093,961</font></p></td>
<td bgcolor="#d6f3e8" valign="bottom">

<p>&nbsp;</p></td></tr></table>

<p><font class="_mt" size="2">Identifiable intangible assets are definite-lived assets. These assets include customer relationships, trademarks, and technology intangible assets, and have a weighted average amortization period of 8 years, which matches the weighted average useful life of the assets. Goodwill recorded as part of the purchase price allocation is not tax deductible. </font></p> </div><span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationDisclosureTextBlock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141<br><br> -Paragraph 51, 52<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1500-128463<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6911361&amp;loc=d3e7000-128479<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6911361&amp;loc=d3e6927-128479<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6911361&amp;loc=d3e7008-128479<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1490-128463<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6911361&amp;loc=d3e6996-128479<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6910749&amp;loc=d3e4922-128472<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6910749&amp;loc=d3e4934-128472<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Appendix F<br><br> -Paragraph F4<br><br> -Subparagraph e<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6910749&amp;loc=d3e4926-128472<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1383-128463<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1392-128463<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1497-128463<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141R<br><br> -Paragraph 67-73<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 7<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1524-128463<br><br><br><br>Reference 17: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 88-16<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 18: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6909870&amp;loc=d3e1486-128463<br><br><br><br>Reference 19: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 805<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6910749&amp;loc=d3e4845-128472<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_BusinessCombinationDisclosureTextBlock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_BusinessCombinationsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>40
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<FilingSummary xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <Version>2.4.0.6</Version>
  <ProcessingTime />
  <ReportFormat>Html</ReportFormat>
  <ContextCount>37</ContextCount>
  <ElementCount>141</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>4</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00090 - Document - Document And Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document And Entity Information</ShortName>
    </Report>
    <Report>
      <IsDefault>true</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R2.htm</HtmlFileName>
      <LongName>00100 - Statement - Consolidated Balance Sheets</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/StatementConsolidatedBalanceSheets</Role>
      <ShortName>Consolidated Balance Sheets</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R3.htm</HtmlFileName>
      <LongName>00105 - Statement - Consolidated Balance Sheets (Parenthetical)</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/StatementConsolidatedBalanceSheetsParenthetical</Role>
      <ShortName>Consolidated Balance Sheets (Parenthetical)</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R4.htm</HtmlFileName>
      <LongName>00200 - Statement - Consolidated Statements Of Income And Comprehensive Income</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/StatementConsolidatedStatementsOfIncomeAndComprehensiveIncome</Role>
      <ShortName>Consolidated Statements Of Income And Comprehensive Income</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R5.htm</HtmlFileName>
      <LongName>00300 - Statement - Consolidated Statements Of Changes In Stockholders' Equity</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/StatementConsolidatedStatementsOfChangesInStockholdersEquity</Role>
      <ShortName>Consolidated Statements Of Changes In Stockholders' Equity</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R6.htm</HtmlFileName>
      <LongName>00400 - Statement - Consolidated Statements Of Cash Flows</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/StatementConsolidatedStatementsOfCashFlows</Role>
      <ShortName>Consolidated Statements Of Cash Flows</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R7.htm</HtmlFileName>
      <LongName>10101 - Disclosure - Summary Of Significant Accounting Policies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureSummaryOfSignificantAccountingPolicies</Role>
      <ShortName>Summary Of Significant Accounting Policies</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R8.htm</HtmlFileName>
      <LongName>10201 - Disclosure - Inventories</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureInventories</Role>
      <ShortName>Inventories</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R9.htm</HtmlFileName>
      <LongName>10301 - Disclosure - Property, Plant And Equipment</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosurePropertyPlantAndEquipment</Role>
      <ShortName>Property, Plant And Equipment</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R10.htm</HtmlFileName>
      <LongName>10401 - Disclosure - Acquisition</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureAcquisition</Role>
      <ShortName>Acquisition</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R11.htm</HtmlFileName>
      <LongName>10501 - Disclosure - Goodwill And Other Intangible Assets</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureGoodwillAndOtherIntangibleAssets</Role>
      <ShortName>Goodwill And Other Intangible Assets</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R12.htm</HtmlFileName>
      <LongName>10601 - Disclosure - Employee Retirement Benefits</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureEmployeeRetirementBenefits</Role>
      <ShortName>Employee Retirement Benefits</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R13.htm</HtmlFileName>
      <LongName>10701 - Disclosure - Commitments And Contingencies</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureCommitmentsAndContingencies</Role>
      <ShortName>Commitments And Contingencies</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R14.htm</HtmlFileName>
      <LongName>10801 - Disclosure - Stock Compensation</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureStockCompensation</Role>
      <ShortName>Stock Compensation</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R15.htm</HtmlFileName>
      <LongName>10901 - Disclosure - Common Stock</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureCommonStock</Role>
      <ShortName>Common Stock</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R16.htm</HtmlFileName>
      <LongName>11001 - Disclosure - Income Taxes</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureIncomeTaxes</Role>
      <ShortName>Income Taxes</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R17.htm</HtmlFileName>
      <LongName>11101 - Disclosure - Information Concerning Industry Segments And Major Customers</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureInformationConcerningIndustrySegmentsAndMajorCustomers</Role>
      <ShortName>Information Concerning Industry Segments And Major Customers</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R18.htm</HtmlFileName>
      <LongName>11201 - Disclosure - Fair Value Measurements</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureFairValueMeasurements</Role>
      <ShortName>Fair Value Measurements</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R19.htm</HtmlFileName>
      <LongName>11301 - Disclosure - Subsequent Events</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.commsystems.com/role/DisclosureSubsequentEvents</Role>
      <ShortName>Subsequent Events</ShortName>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <Logs>
    <Log type="Info">Process Flow-Through: 00100 - Statement - Consolidated Balance Sheets</Log>
    <Log type="Info">	Process Flow-Through: Removing column 'Dec. 31, 2009'</Log>
    <Log type="Info">	Process Flow-Through: Removing column 'Dec. 31, 2008'</Log>
    <Log type="Info">Process Flow-Through: 00105 - Statement - Consolidated Balance Sheets (Parenthetical)</Log>
    <Log type="Info">Process Flow-Through: 00200 - Statement - Consolidated Statements Of Income And Comprehensive Income</Log>
    <Log type="Info">Process Flow-Through: 00400 - Statement - Consolidated Statements Of Cash Flows</Log>
  </Logs>
  <InputFiles>
    <File>jcs-20111231.xml</File>
    <File>jcs-20111231.xsd</File>
    <File>jcs-20111231_cal.xml</File>
    <File>jcs-20111231_def.xml</File>
    <File>jcs-20111231_lab.xml</File>
    <File>jcs-20111231_pre.xml</File>
  </InputFiles>
  <SupplementalFiles />
  <BaseTaxonomies />
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XBRL>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
