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<SEC-DOCUMENT>0000950124-08-002261.txt : 20080507
<SEC-HEADER>0000950124-08-002261.hdr.sgml : 20080507
<ACCEPTANCE-DATETIME>20080507130631
ACCESSION NUMBER:		0000950124-08-002261
CONFORMED SUBMISSION TYPE:	SC 14F1
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080507
DATE AS OF CHANGE:		20080507

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPATIALIZER AUDIO LABORATORIES INC
		CENTRAL INDEX KEY:			0000890821
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954484725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 14F1
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53543
		FILM NUMBER:		08809087

	BUSINESS ADDRESS:	
		STREET 1:		2025 GATEWAY PLACE
		STREET 2:		SUITE 365
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110
		BUSINESS PHONE:		3102273370

	MAIL ADDRESS:	
		STREET 1:		2625 TOWNSGATE ROAD
		STREET 2:		SUITE 330
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPATIALIZER AUDIO LABORATORIES INC
		CENTRAL INDEX KEY:			0000890821
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954484725
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 14F1

	BUSINESS ADDRESS:	
		STREET 1:		2025 GATEWAY PLACE
		STREET 2:		SUITE 365
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110
		BUSINESS PHONE:		3102273370

	MAIL ADDRESS:	
		STREET 1:		2625 TOWNSGATE ROAD
		STREET 2:		SUITE 330
		CITY:			WESTLAKE VILLAGE
		STATE:			CA
		ZIP:			91361
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 14F1
<SEQUENCE>1
<FILENAME>v40610sc14f1.htm
<DESCRIPTION>SCHEDULE 14F-1
<TEXT>
<HTML>
<HEAD>
<TITLE>sc14f1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>SCHEDULE 14F</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>INFORMATION STATEMENT<BR>
PURSUANT TO SECTION 14(f) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934<BR>
AND RULE 14f-1 THEREUNDER</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Spatializer Audio Laboratories , Inc.</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 65%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">000-26460</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Commission File Number)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Delaware/95-4484725</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 41%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(State of Incorporation)/(I.R.S. Employer Identification No.)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">2060 East Avenida de Los Arboles&#151;Suite&nbsp;D190<BR>
Thousand Oaks, California 91362</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 34%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Address of principal executive offices)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number: (408)&nbsp;453-4180</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">







<DIV align="center" style="font-size: 10pt; margin-top: 12pt">SPATIALIZER AUDIO LABORATORIES, INC.<BR>
INFORMATION STATEMENT<BR>
PURSUANT TO SECTION 14(f) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934<BR>
AND RULE 14f-1 THEREUNDER</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">SPATIALIZER AUDIO LABORATORIES, INC. IS NOT SOLICITING PROXIES IN CONNECTION WITH THE MATTERS
DESCRIBED IN THIS INFORMATION STATEMENT, AND NO VOTE OR OTHER ACTION BY SPATIALIZER AUDIO
LABORATORIES, INC.&#146;S STOCKHOLDERS IS REQUIRED TO BE TAKEN IN CONNECTION WITH THIS INFORMATION
STATEMENT.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Information Statement is being furnished to the holders of record on April&nbsp;30, 2008, of the
outstanding shares of common stock, $.01 par value, of Spatializer Audio Laboratories, Inc., a
Delaware corporation (the &#147;Company&#148;), in connection with the prospective appointment of two
members of the Board of Directors of the Company, pursuant to the terms of an April&nbsp;25, 2007 Common
Stock Purchase Agreement (the &#147;SPA&#148;) with Jay A. Gottlieb, Greggory A. Schneider and Helaine Kaplan
(collectively, the &#147;Investors&#148;). Because the appointments are deemed to be a change of control of
the Company, this Schedule&nbsp;14-F Information Statement is required to be filed with the SEC (and
sent to shareholders of record as of a recent date) at least 10&nbsp;days prior to such additional Board
members assuming such role with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By way of back ground:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company sold and the Investors collectively purchased 16,236,615 shares of common
stock of Registrant for an aggregate purchase price of $422,152.15. Of the total shares
sold to the Investors, Mr.&nbsp;Gottlieb purchased 8,739,115 shares of the Company&#146;s common
stock for an aggregate purchase price of $227,217.15. Pursuant to the SPA, Registrant
agreed, after the sale of substantially all of its assets to DTS, Inc. and its subsidiary
(the &#147;Asset Sale&#148;), to take such corporate actions as may be reasonably required to appoint
Mr.&nbsp;Gottlieb or other designee of the Investors to the Board of Directors. The Asset Sale
was consummated on July&nbsp;2, 2007 and the Board of Directors appointed Jay A. Gottlieb as a
director of Registrant on August&nbsp;13, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There are no family relationships between Mr.&nbsp;Gottlieb and any director or executive
officer of Registrant or any of its subsidiaries. Other than as stated herein, neither Mr.
Gottlieb nor any member of his immediate family has engaged in any transactions with
Registrant of the sort described under Item 404(a) of Regulation&nbsp;S-K.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As contemplated under the SPA, Registrant distributed substantially all of its remaining
cash assets to its stockholders on April&nbsp;22, 2008, after satisfying its liabilities and
leaving a $100,000 cash residual.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effective April&nbsp;28, 2008, Henry Mandell and Carlo Civelli resigned from the Board of
Directors of Registrant, the only Director then remaining on the Board being Mr.&nbsp;Gottlieb.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As permitted under Delaware law, specific provisions of Registrant&#146;s Bylaws and provided
for in the SPA, on April&nbsp;29, 2008, Mr.&nbsp;Gottlieb appointed Messrs.&nbsp;Greggory Schneider and
Michael Pearce (the &#147;Board Designees&#148;) to fill out the terms of Messrs.&nbsp;Mandell and Civelli
until the next election of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Concurrently, the following officerships were also assigned, effective immediately: Mr.
Gottlieb (Chairman of the Board, Secretary and Treasurer) and Mr.&nbsp;Schneider (Chief
Financial Officer).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>This Information Statement is being provided solely for informational purposes and is NOT being
provided in connection with a vote of the Company&#146;s stockholders.</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As noted above, the Board Designees will take office effective upon this Information Statement
having been filed with the Securities and Exchange Commission and forwarded to Company shareholders
of record at least 10&nbsp;days in advance. For more detail about this change of control, biographical
information and the prospective addition of two additional directors to the Company&#146;s Board, see
&#147;Existing Board of Directors; Board Member and Board Designees&#148; below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Information Statement is being furnished pursuant to Section 14(f) of the Securities Exchange
Act of 1934, as amended (the &#147;Exchange Act&#148;), and Rule&nbsp;14f-1 promulgated thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Existing Board of Directors; Board Member and Board Designees</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Directors are elected at the annual meeting of stockholders receiving a majority of the votes cast
when a quorum exists. Each director holds office until his successor is appointed or he resigns,
unless sooner removed. For biographies of the existing Member of the Company&#146;s Board of Directors
as well as the Board Designees, see below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following table sets forth the name, age and position with the Company of each of the persons
expected to be appointed to the combined Company&#146;s Board of Directors and each of the persons
expected to be appointed as an Executive Officer of the Company following completion of the Merger
described herein:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Age</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Principal Position</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jay Gottlieb*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">63</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Directors,
Secretary and Treasurer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael Pearce
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Greggory Schneider
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director and Chief Financial Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>The existing sole Member of the Board of Directors (Mr.&nbsp;Gottlieb) has served since August&nbsp;13,
2007 on the Company&#146;s Board.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Below is the biography of (i)&nbsp;the current Member of the Board of Directors (Mr.&nbsp;Jay Gottlieb) and
then (ii)&nbsp;the biographies of the Board Designees (Messrs.&nbsp;Pearce and Schneider):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Jay A. Gottlieb</U>, the current sole director, Mr.&nbsp;Gottlieb is a private investor in various
companies since 1998. He is involved in analysis and investment in undervalued special situations
and shell corporations. He presently owns between 5% and 21% of 14 public companies and is a member
of the Board of Directors of Golf Trust of America, Inc. From 1992 to 1998 he was the editor of an
investment service that analyzed and published extensive data on companies planning initial public
offerings. From 1977 to 1991, Mr.&nbsp;Gottlieb was the President and Chairman of the Board of The
Computer Factory, Inc., a nationwide organization involved in retail and direct sales, servicing
and leasing of personal computers. From 1969 to 1988, he was President of National Corporate
Sciences, Inc., a registered investment advisory service. Mr.&nbsp;Gottlieb holds a Bachelor of Arts
from New York University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Michael Pearce</U> has been Chief Executive Officer and President of Golf Trust of America,
Inc. since November&nbsp;8, 2007. Mr.&nbsp;Pearce has been a private investor in various companies since
2002, with emphasis in distressed securities of publicly traded entities. From late 1999 through
2001, he served as Chief Executive Officer of iEntertainment Network. From 1996 to 1998, he served
as Senior Vice President of Sales and Marketing of publicly traded VocalTec Communications, later
returning in 1999 in a consulting capacity to its Chairman on matters pertaining to strategic
alternatives, business development and mergers and acquisitions. From 1983 to 1996, he was employed
in various technology industry management positions, including Senior Vice President of Sales and
Marketing at Ventana
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->- 3 -<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Communications, a subsidiary of Thomson Corporation; Vice President of Sales at Librex Computer
Systems, a subsidiary of Nippon Steel; and National Sales Manager at Hyundai Electronics America.
From 1979 to 1983, he attended Southern Methodist University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Gregg Schneider</U> is a private investor who specializes in undervalued publicly traded
securities. During the past fourteen years, Mr.&nbsp;Schneider has been an active dealer in numismatic
items, specializing in U.S. rare coins and currency. Mr.&nbsp;Schneider attended two years of courses
at UCLA and is involved in several charitable organizations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Voting Securities; Beneficial Ownership of the Company&#146;s Common Stock</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s common stock is the only class of equity securities that is currently outstanding and
entitled to vote at a meeting of the Company&#146;s stockholders. Each share of common stock entitles
the holder thereof to one (1)&nbsp;vote. As of April&nbsp;30, 2008, 65,000,000 shares of the Company&#146;s
common stock were issued and outstanding (of 300,000,000 authorized).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Committees of the Board of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company will in the future establish an Audit Committee in accordance with Section&nbsp;3(a)(58)(A)
of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) that will be comprised of a majority
&#147;independent&#148; directors as defined under pertinent securities rules. Given the period time it is
expected to take to complete the selection process and given that the Company is not currently
subject to the Sarbanes Oxley Act requiring at least an Audit Committee be comprised of a majority
of independent directors, the Company has have elected to defer such search at least until January
1, 2008. At the time of selection, the Company will mail to stockholders of record and file with
the SEC any information regarding the new directors as is required by Section&nbsp;14 of the Exchange
Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Once put in place, the Audit Committee, among other things, will determine engagement of the
independent certified public accountants and review the scope and effect of the audit engagement.
Be-cause the Company will constitute a &#147;controlled company&#148; as defined under the Sarbanes-Oxley
Act, the Company is exempt from being required to create a Compensation Committee or other
committee(s) comprised of a majority of independent directors.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Signature</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Exchange Act, the Company has duly caused this Schedule&nbsp;14-F
Information Statement to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><I>Spatializer Audio Laboratories, Inc.</I><BR>&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Jay Gottlieb
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Jay Gottlieb,&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD nowrap colspan="3" align="left">President, Secretary, Treasurer &#038; Chairman of the Board&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Dated May&nbsp;7, 2008;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->- 4 -<!-- /Folio -->
</DIV>




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