<SUBMISSION>
<ACCESSION-NUMBER>0000032878-08-000114
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>5
<PERIOD>20081017
<FILING-DATE>20081017
<DATE-OF-FILING-DATE-CHANGE>20081017
<EFFECTIVENESS-DATE>20081017
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ENERGY CONVERSION DEVICES INC
<CIK>0000032878
<ASSIGNED-SIC>3674
<IRS-NUMBER>381749884
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>001-08403
<FILM-NUMBER>081129682
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2956 WATERVIEW DRIVE
<CITY>ROCHESTER HILLS
<STATE>MI
<ZIP>48309
<PHONE>248-293-0440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2956 WATERVIEW DRIVE
<CITY>ROCHESTER HILLS
<STATE>MI
<ZIP>48309
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ENERGY CONVERSION LABORATORIES INC
<DATE-CHANGED>19710603
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>defproxystatement2008.htm
<DESCRIPTION>DEF. PROXY STATEMENT, FYE 6/30/2008
<TEXT>
<html>
<head>
<title></title>
</head>

<body style="FONT-FAMILY: 'Times New Roman'" bgcolor="#ffffff">


<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>


<div style="WIDTH: 620px">


<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">Washington, D.C. 20549</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">SCHEDULE 14A</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">Proxy Statement Pursuant to Section 14(a) of the</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">Securities Exchange Act of 1934</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 4pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Filed by the Registrant</font>&nbsp;&nbsp;<font face="Wingdings" size="4">&thorn;</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Filed by a Party other than the Registrant</font>&nbsp;&nbsp;<font face="Wingdings" size="4">&uml;</font></p>

<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Check the appropriate box:</font></p>

<div style="WIDTH: 650px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="1" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2"><font face="Wingdings" size="4">&uml;</font></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap colspan="3">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Preliminary Proxy Statement</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="44%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Definitive Proxy Statement</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 15pt; TEXT-ALIGN: right"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="44%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 20pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Confidential, for Use of the Commission only</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Definitive Additional Materials</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 0pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 20pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(as determined by Rule 14a-6(e)(2))</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap colspan="3">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Soliciting Material Pursuant to &sect; 240.14a-12</font></p>
</td>
</tr>
</table>
</div>

<div style="WIDTH: 650px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="1" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 9pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap width="100%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">ENERGY CONVERSION DEVICES, INC.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap width="100%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">(Name of Registrant as Specified in Its Charter)</font></p>
</td>
</tr>

<tr valign="bottom">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap width="100%"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;</font></td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap width="100%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 9pt; MARGIN-BOTTOM: 1.5pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Payment of Filing Fee (Check the appropriate box):</font></p>

<div style="WIDTH: 650px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="1" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" valign="top" nowrap align="left" width="85%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">No fee required.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 2pt; PADDING-TOP: 3pt" valign="top" nowrap align="left" width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 2pt; PADDING-TOP: 3pt" valign="top" nowrap align="left" width="85%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</font></p>
</td>
</tr>
</table>
</div>

<div style="WIDTH: 650px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="4" cellpadding="0" width="98%">
<tr>
<td valign="top" nowrap align="left" width="2%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap align="left" width="4%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" valign="top" align="left" width="92%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Title of each class of securities to which transaction applies:</font></p>
</td>
</tr>

<tr>
<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" valign="top" align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Aggregate number of securities to which transaction applies:</font></p>
</td>
</tr>

<tr>
<td valign="top" align="left">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
</td>

<td style="PADDING-BOTTOM: 0.25em; BORDER-BOTTOM: #000000 1px solid" valign="top" align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):</font></p>
</td>
</tr>

<tr>
<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(4)</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" valign="top" align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Proposed maximum aggregate value of transaction:</font></p>
</td>
</tr>

<tr>
<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(5)</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" valign="top" align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Total fee paid:</font></p>
</td>
</tr>
</table>
</div>

<div style="WIDTH: 657px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 3pt" valign="top" nowrap align="left" width="6%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 1pt" valign="top" nowrap width="40.1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Fee paid previously with preliminary materials.</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 1pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap align="left" width="46.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; PADDING-TOP: 1pt" valign="top" nowrap width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left" width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" width="85%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by Registration Statement Number, or the Form or Schedule and the date of its filing.</font></p>
</td>
</tr>
</table>
</div>

<div style="WIDTH: 657px" align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="1" cellpadding="0" width="98%">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left" width="2%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left" width="4%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap align="left" width="92%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Amount Previously Paid:</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Form, Schedule or Registration Statement No.:</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Filing Party:</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">(4)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Date Filed:</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 6pt" valign="top" nowrap align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<br>
<!-- EEDocs PBStart-->
<hr align="center" width="100%" noshade size="2">

<p style="PAGE-BREAK-BEFORE: always"></p>
<PAGE>
<!-- EEDocs PBEnd-->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 7pt; TEXT-ALIGN: center">&nbsp;</p>


<p style=' margin-bottom:7pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>
<IMG SRC="ecd-logo_1.jpg" width="157"></FONT></P>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">ENERGY CONVERSION DEVICES, INC.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">2956 Waterview Drive</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><font size="2">Rochester Hills, Michigan 48309</font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="74%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="25%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">October 17, 2008</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: justify"><font size="2">Dear Stockholder:</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">We invite you to attend the 2008 Annual Meeting of Stockholders of Energy Conversion Devices, Inc., which will be held at 10:00 a.m. Eastern Time on Tuesday, November 18, 2008, at the Michigan State University Management Education Center, 811 West Square Lake Road, Troy, Michigan. A map is on the back cover of this proxy statement. We look forward to your attendance either in person
or by proxy. If you plan to attend the annual meeting in person, please contact the Company at (248) 293-0440 or send us an e-mail at investor.relations@ovonic.com.</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">Details of the business to be conducted at this meeting are given in the attached Notice of 2008 Annual Meeting of Stockholders.</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">Whether or not you plan to attend the annual meeting, your vote is important to us and we encourage you to vote promptly. Even if you intend to attend the annual meeting in person, please sign and date the enclosed proxy card or voting instruction card and return it in the accompanying envelope, or vote via telephone or the Internet, to ensure the presence of a quorum. A proxy may
be revoked in the manner described in the accompanying proxy statement at any time before it has been voted at the annual meeting.</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">We look forward to seeing you at the annual meeting.</font></p>

<div align="left">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="82%">
<tr>
<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 10pt; PADDING-TOP: 10pt" VALIGN="TOP" NOWRAP WIDTH="81.25%">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" VALIGN="TOP" NOWRAP WIDTH="18%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Sincerely,<br>
<br>
/S/ Mark D. Morelli</font></p>
</td>
</tr>

<tr>
<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 5pt" VALIGN="TOP" NOWRAP>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 5pt" valign="top" nowrap width="18%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli<br>
President and Chief Executive Officer</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left">&nbsp;</p>
<!-- EEDocs PBStart-->
<hr align="center" width="100%" noshade size="2">

<p style="PAGE-BREAK-BEFORE: always"></p>
<!-- EEDocs PBEnd-->



<p style=' margin-bottom:7pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>
<IMG SRC="ecd-logo_2.jpg" width="157"></FONT></P>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>


<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><b><font size="2">ENERGY CONVERSION DEVICES, INC.</font></b></p>

<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><b><font size="2">NOTICE OF 2008 ANNUAL MEETING OF STOCKHOLDERS</font></b></p>

<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><b><font size="2">December 18, 2008 - 10:00 a.m. ET</font></b></p>
<hr align="center" width="30%" color="black" size="1">

<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left"><font size="2">Dear Stockholders:</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">We invite you to attend our 2008 Annual Meeting of Stockholders which will be held at 10:00 a.m. Eastern Time on Tuesday, November 18, 2008, at the Michigan State University Management Education Center, 811 West Square Lake Road, Troy, Michigan.</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">We are holding the annual meeting for the following purposes:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 39.9pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">1.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="94%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">To elect eight directors to hold office until our 2009 Annual Meeting of Stockholders.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">2.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="94%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">To ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2009.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">3.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="94%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">To transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">Only stockholders of record at the close of business on October 1, 2008 will be entitled to vote at the annual meeting and any postponements or adjournments of the meeting. For 10 days before the annual meeting, a list of stockholders entitled to vote will be available for inspection during ordinary business hours at our principal executive offices at 2956 Waterview Drive, Rochester
Hills, Michigan 48309. If you would like to view the stockholder list, please call the Corporate Secretary at (248)&nbsp;293-0440 to schedule an appointment.</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2">The business of the annual meeting cannot be completed unless a majority of our outstanding common stock is represented at the meeting. As a stockholder, you can help us avoid unnecessary expense and delay by promptly voting even if you plan to attend the annual meeting. You have three options for submitting your vote before the annual meeting: via the Internet, by telephone or by
mail.</font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 52.81%; TEXT-ALIGN: left"><font size="2">By Order of the Board of Directors</font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 52.81%; TEXT-ALIGN: left"><font size="2">/S/ Ghazaleh Koefod</font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 52.81%; TEXT-ALIGN: left"><font size="2">Ghazaleh Koefod</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 52.81%; TEXT-ALIGN: left"><font size="2">Corporate Secretary</font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Rochester Hills, Michigan</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: left"><font size="2">October 17, 2008</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<!-- EEDocs PBStart-->
<hr align="center" width="100%" noshade size="2">

<p style="PAGE-BREAK-BEFORE: always"></p>
<!-- EEDocs PBEnd--><a name="tocmain1"></a>

<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">TABLE OF CONTENTS</font></b></p>

<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; TEXT-ALIGN: center"><b><font size="2">ENERGY CONVERSION DEVICES, INC.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">2008 PROXY STATEMENT</font></b></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="5" cellpadding="0" width="95%">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" colspan="2">
<p><a href="#TOC1A"><font size="2">Proxy Statement</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp; 1</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="5%">
<p>&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="85%">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC2A"><font size="2">About the Meeting</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" width="8%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp; 1</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" colspan="2">
<p style="MARGIN: 0.1in 0in 0pt"><a href="#TOC3A"><font size="2">Proposal No. 1 &mdash; Election of Directors</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp; 4</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC4A"><font size="2">Corporate Governance and Board Matters</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp; 6</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC5A"><font size="2">Director Compensation Table</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">10</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC6A"><font size="2">Executive Officers of the Company</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">12</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC7A"><font size="2">Compensation Discussion and Analysis</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">14</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC8A"><font size="2">Compensation Committee Report</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">24</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC9A"><font size="2">Compensation Committee Interlocks and Insider Participation</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">24</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC10A"><font size="2">Executive Compensation Tables</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">25</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC10A"><font size="2">Summary Compensation Table</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">25</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC12A"><font size="2">Grants of Plan-Based Awards in Fiscal 2008</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">27</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC13A"><font size="2">Outstanding Equity Awards at June 30, 2008</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">29</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC14A"><font size="2">Option Exercises and Stock Vested in Fiscal 2008</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">30</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC15A"><font size="2">Potential Payments Upon Termination or Change in Control</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">31</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC16A"><font size="2">Company Share-Based Plans</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">31</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC17A"><font size="2">Change in Control/Severance Payment Table</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">33</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC18A"><font size="2">Named Executive Officers</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">34</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC19A"><font size="2">Equity Compensation Plan</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">35</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC20A"><font size="2">Security Ownership of Certain Beneficial Owners and Management</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">36</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 20pt"><a href="#TOC20A"><font size="2">Security Ownership of Certain Beneficial Owners and Management</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">36</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 21pt"><a href="#TOC22A"><font size="2">Section 16(a) Beneficial Ownership Reporting Compliance</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">37</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC23A"><font size="2">Transactions with Related Persons</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">38</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 3pt 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN: 0in 0in 0pt"><a href="#TOC24A"><font size="2">Audit Committee Report</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">39</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" colspan="2">
<p style="MARGIN: 0.1in 0in 0pt"><a href="#TOC25A"><font size="2">Proposal No. 2 &mdash; Ratification of Independent Registered Public Accounting Firm</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">42</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" colspan="2">
<p style="MARGIN: 0.1in 0in 0pt"><a href="#TOC26A"><font size="2">Additional Information</font></a></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">43</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>i</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">Energy Conversion Devices, Inc.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">2956 Waterview Drive</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9pt; TEXT-ALIGN: center"><font size="2">Rochester Hills, MI 48309</font></p>
<hr width="25%" color="black" size="1">
<a NAME="TOC1A"></a>
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="2">PROXY STATEMENT</font></b></p>
<hr width="25%" color="black" size="1">

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board of Directors solicits your proxy for the 2008 Annual Meeting of Stockholders of Energy Conversion Devices, Inc. (ECD or the Company) to be held at 10:00 a.m. Eastern Time on Tuesday, November 18, 2008, at the Michigan State University Management Education Center, 811 West Square Lake Road, Troy, Michigan, and any postponements or adjournments of the annual meeting, for the
purposes set forth in the accompanying Notice of 2008 Annual Meeting of Stockholders.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">This proxy statement and accompanying proxy were first mailed to stockholders on or about October 17, 2008.</font></p>
<a NAME="TOC2A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2">ABOUT THE MEETING</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Purpose of the Annual Meeting.</font></b> <font size="2">The specific proposals to be considered and acted upon at the annual meeting are summarized in the Notice and are described in more detail in this proxy statement.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Record Date and Voting Rights of Stockholders</font></b><i><b><font size="2">.</font></b></i> <font size="2">The Board of Directors of the Company has fixed October&nbsp;1, 2008 as the record date for the determination of stockholders entitled to notice of, and to vote at, the annual meeting or any postponement or adjournment thereof. As of October 1, 2008, there were outstanding and
entitled to vote 45,669,875 shares of ECD common stock, each of which is entitled to one vote with respect to each matter to be voted on at the annual meeting.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Quorum.</font></b> <font size="2">The Company&rsquo;s bylaws provide that the required quorum for the transaction of business at the annual meeting is the presence, in person or by proxy, of a majority of the votes eligible to be cast by holders of record of ECD common stock as of the close of business on the record date. If a stockholder submits a proxy and withholds such
stockholder&rsquo;s vote for the election of directors or abstains from voting on the other proposals to be considered at the annual meeting, the shares owned by such stockholder will be considered to be present at the annual meeting for all purposes. If shares are held in &ldquo;street name&rdquo; (held for your account by a broker or other nominee) and the broker or other nominee indicates it does not have discretionary authority as to certain shares to vote on certain proposals
(broker non-votes), those shares will be considered to be present at the annual meeting for all purposes.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Required Vote.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><u><font size="2">Proposal No. 1</font></u><font size="2">. The nominees for director receiving the highest number of affirmative votes will be elected. Therefore, abstentions and withheld votes have no impact in the election of directors once a quorum is established.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><u><font size="2">Proposal No. 2</font></u><font size="2">. The affirmative vote of a majority of the votes cast at the meeting will be required to approve the proposal to ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for fiscal 2009. Abstentions and broker non-votes are not considered as votes cast with respect to such proposal and will
have no effect on the outcome of the proposals.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">The board of directors recommends that the stockholders vote FOR proposals 1 and 2.</font></b></p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>1</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Voting of Proxies.</font></b> <font size="2">If your shares are registered directly in your name and you submit your proxy to the Company, you authorize the Company to vote your shares at the annual meeting in accordance with your instructions. If you submit a proxy to the Company without instructions, your shares will be voted in accordance to the recommendations of the Board of
Directors set forth in this proxy statement. Proxies further authorize the Company to vote on any adjournments or postponements of the annual meeting, and on other matters which may properly come before the annual meeting. All shares represented by signed proxies received by the Company at or prior to the annual meeting from stockholders of record as of the close of business on October 1, 2008 will be voted at the meeting.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">How you can vote.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If your shares are registered directly in your name, you may vote:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Via the Internet.</font></b> <font size="2">Go to the website of our tabulator, Computershare, at www.investorvote.com/ener and follow the instructions. You must specify how you want your shares voted or your Internet vote cannot be completed and you will receive an error message. Your shares will be voted according to your instructions.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">By Telephone.</font></b> <font size="2">If you have a touch-tone phone, call 1-800-652-VOTE (8683) toll free from the U.S. and Canada and follow the instructions. You must specify how you want your shares voted and confirm your vote at the end of the call or your telephone vote cannot be completed. Your shares will be voted according to your
instructions.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">By Mail.</font></b> <font size="2">Complete and sign the enclosed proxy and mail it in the enclosed postage prepaid envelope to Computershare. Your proxy will be voted according to your instructions. If you do not specify how you want your shares voted, the shares will be voted as recommended by our Board of Directors.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">In Person at the Annual Meeting.</font></b> <font size="2">If you choose to vote in person at the annual meeting, you must bring a government-issued proof of identification that includes a photo (such as a driver&rsquo;s license or passport) and either the enclosed proxy card or other verification of your ownership of common stock as of October&nbsp;1,
2008.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If your shares are held in "street name" (held for your account by a broker or other nominee), you may vote:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Via the Internet or By Telephone.</font></b> <font size="2">You should receive instructions from your broker or other nominee if you are permitted to vote via the Internet or by telephone.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">By Mail.</font></b> <font size="2">You should receive instructions from your broker or other nominee explaining how to vote your shares by mail.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">In Person at the Annual Meeting.</font></b> <font size="2">Contact your broker or other nominee to obtain a broker's proxy card and bring it with you to the annual meeting.</font> <b><font size="2">A broker's proxy is not the form of proxy enclosed with this proxy statement. You will not be able to vote shares you hold in street name at the annual
meeting unless you have a proxy from your broker or other nominee issued in your name giving you the right to vote the shares</font></b><font size="2">.</font></p>
</td>
</tr>
</table>
</div>

<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>2</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Revocation of Proxies.</font></b> <font size="2">You may revoke your proxy and/or change your vote at any time before the annual meeting.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If your shares are registered directly in your name, you must do one of the following:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Via the Internet or By Telephone.</font></b> <font size="2">Vote via the Internet or by telephone by following the directions above. Only the last Internet or telephone vote will be counted.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">By Mail.</font></b> <font size="2">Sign a new proxy and submit it as instructed above, or send a notice revoking your proxy to the Corporate Secretary so that it is received on or before November 17, 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" width="24">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">In Person at the Annual Meeting.</font></b> <font size="2">Attend the annual meeting and vote in person.</font> <b><font size="2">Attending the annual meeting will not revoke your proxy unless you specifically request that your proxy be revoked</font></b><font size="2">.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If your shares are held through a broker or other nominee, you should contact such person prior to the time such person carries out any voting instructions you have provided.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>3</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC3A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">PROPOSAL NO. 1</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">ELECTION OF DIRECTORS</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board of Directors currently consists of nine directors serving one-year terms. Eight of the directors are independent in accordance with the listing standards of the NASDAQ Global Select Market (Nasdaq) and one director is a member of senior management. At the recommendation of the Corporate Governance and Nominating Committee, the Board of Directors has nominated eight directors
to serve another one-year term and each of the nominees has consented to serve. The eight directors elected at the annual meeting will serve until the 2009 Annual Meeting of Stockholders or until their successors, if any, are duly elected or appointed. If for any reason any nominee becomes unavailable for election, the Board may designate a substitute nominee. In such case, the persons named as proxies in the accompanying proxy card will vote for the Board&rsquo;s substitute
nominee. Additional information regarding the directors is set forth below.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Dr. Florence Metz, a director of the Company since 1995, informed the Company that she has decided to retire from the Board effective as of the 2008 annual meeting of stockholders and, therefore, is not standing for re-election.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The eight nominees who receive the most votes cast at the annual meeting will be elected as directors of the Company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">THE BOARD RECOMMENDS THAT THE STOCKHOLDERS VOTE "FOR" ALL OF THE NOMINEES.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Joseph A. Avila</font></b></i><font size="2">, 57, has been a director since September 2007. From September 29, 2006 to March 6, 2008, Mr. Avila served as an officer and Executive Vice President, Strategic Operations and Process at Quanta Services, Inc., a leading provider of specialized contracting services, delivering end-to-end network solutions for the electric power, gas, telecommunications
and cable television industries. From 1978 to 2006, he held various positions with McKinsey &amp; Company, most recently as a director providing leadership to the Energy and Technology Management Practices. Mr. Avila has extensive consulting experience with a wide range of companies in the energy, industrial and technologies industries. Mr. Avila serves on the Advisory Board of the Houston Technology Center.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Alan E. Barton</font></b></i><font size="2">, 52, has been a director since September 2008. Prior to his retirement from Rohm and Haas Company in October 2008, he was an Executive Vice President of Rohm and Haas. During his 24-year career at Rohm and Haas, Dr. Barton has held many positions, including Vice President and Business Group Executive, Coatings (2002-2006) with oversight for operations,
engineering and Latin America; Regional Director, Asia-Pacific Region (2004-2005). Dr. Barton was named to Rohm and Haas&rsquo; Executive Council in 2001. His experience at Rohm and Haas includes product development, business development and scientific research. Dr. Barton is a member of the Board of Directors of Technitrol, Inc. He is Chairman of Technitrol&rsquo;s Governance Committee and serves on its Compensation Committee.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Christopher P. Belden</font></b></i><font size="2">, 48, has been a director since February 2008. In March 2008, Mr. Belden joined NXP Semiconductors as its Senior Vice President of Operations. Mr. Belden has 25 years of experience in semiconductor manufacturing and operations. From February 2005 to February 2007, Mr. Belden was Group Vice President of Global Operations for Applied Materials,
Inc., a global leader in nanomanufacturing technology solutions for the electronics industry, where he was responsible for volume manufacturing, supply chain management, reliability, quality and worldwide facilities. Prior to joining Applied Materials, Mr. Belden had a 23-year career at Motorola where his last role was Senior Vice President of Global Manufacturing and Operations. He serves on the Board of Directors of Advanced Semiconductor Manufacturing Corporation Limited
(ASMC).</font></p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>4</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Robert I. Frey</font></b></i><font size="2">, 65, has been a director since 2004. He is an assistant professor of Global Management and Business Ethics, Grand Valley State University, in Grand Rapids, Michigan. He joined Herman Miller, Inc. in 1996, where he was an Executive Vice President and member of the Executive Committee and President of Herman Miller International, accountable for
international strategic planning, manufacturing, sales and marketing until his retirement in 2002. Prior thereto, Mr. Frey served as General Counsel and then Executive Vice President and President of Whirlpool, Inc.&rsquo;s Asian operations.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">William J. Ketelhut</font></b></i><font size="2">, 56, has been a director since 2004. From 2001-2002, he was President of Control Products at Honeywell International, Inc., a global company with 15 major lines of businesses including semiconductors, consumer products and sensors products. From 1994-2001, he served as President of several business units of Invensys plc, a global automation,
controls and process solutions group. He was President and Chief Executive Officer at GE/Micro Switch Control Inc. (a joint venture between GE and Honeywell Microswitch Division) from 1992-1994.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Mark D. Morelli</font></b></i><font size="2">, 44, has been President, Chief Executive Officer and director of ECD since September&nbsp;1, 2007. He served as President of Carrier Commercial Refrigeration, a division of Carrier Corporation, from April 2006 until he joined ECD in 2007. From June 2004 to April 2006, Mr.&nbsp;Morelli was Vice President and General Manager of the Marine Container
Business with Carrier Transicold, and from September 2002 to June 2004 he was the Managing Director of Transport Air Conditioning with Carrier Transicold. Prior to 2002, he also served as Vice President Marketing&nbsp;&amp; Strategy for United Technologies Power Division and in various positions for Carrier. His customer and strategic business experience includes developing and marketing building-integrated products within United Technologies Corporation.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Stephen Rabinowitz</font></b></i><font size="2">, 65, a director since 2004, serves as ECD&rsquo;s Chairman of the Board. He was Chairman and Chief Executive Officer of General Cable, Inc., a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and specialty markets, until he retired in
2001. Prior to joining General Cable as President and CEO in 1994, he served as President and CEO of Allied Signal Braking Systems, and before that as President and CEO of General Electric&rsquo;s Electrical Distribution and Control business. He has also held management positions in manufacturing operations and technology at the General Electric Company and the Ford Motor Company. Mr.&nbsp;Rabinowitz is a member of the Board of Directors of Columbus McKinnon Corp. and serves on its
Audit Committee and chairs its Compensation and Succession Committee.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">George A. Schreiber</font></b></i><font size="2">,</font><b><font size="2">Jr</font></b><font size="2">., 60, has been a director since 2006. He is the President and Chief Executive Officer of Continental Energy Systems LLC, a holding company that invests in regulated public utility companies. Continental Energy Systems&rsquo; principal investments include a natural gas distribution company
serving markets in Michigan and Alaska and an electric distribution company serving markets in various non-contiguous regions of Texas. From September 1999 to March 2004, he was the Chairman, Global Energy Group, at Credit Suisse First Boston, New York.</font></p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>5</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC4A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">CORPORATE GOVERNANCE AND BOARD MATTERS</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Board Responsibilities and Structure</font></b></i><font size="2">.</font> <font size="2">The Board of Directors oversees, counsels and directs management in serving the long-term interests of the Company and our stockholders. The Board&rsquo;s responsibilities include:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">selecting, evaluating and compensating the chief executive officer and overseeing chief executive officer succession planning;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">providing counsel on and oversight of the selection, evaluation, development and compensation of officers and senior management;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reviewing, monitoring and, where appropriate, approving fundamental financial and business strategies and significant Company actions;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">assessing major risks facing the Company, and reviewing options for mitigation; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">overseeing processes designed to maintain the integrity and reputation of the Company, including the integrity of the financial statements and compliance with law and ethics.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board and the committees through which it carries out certain of these responsibilities meet throughout the year on a set schedule, and hold special meetings and act by written consent from time to time as appropriate. Board agendas include regularly scheduled sessions for the independent directors to meet without management present.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board of Directors annually appoints a Chairman, who is responsible for, among other things, presiding at stockholders and board of directors meetings. Stephen Rabinowitz, an independent director, was appointed as non-executive Chairman in December 2007.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Attendance at Board, Committee, and Annual Meeting of Stockholders</font></b><font size="2">.</font></i> <font size="2">The Board held 11 meetings in fiscal 2008. Each director is expected to attend all meetings of the Board and of the committees on which the director serves. In fiscal 2008, all of our directors attended at least 75% of the meetings of the Board and of those
committees of which he or she was a member. In addition, each director then in office attended the 2007 Annual Meeting of Stockholders. Although we do not have a formal policy that requires the attendance of our directors at our annual meeting of stockholders, our directors are encouraged to attend.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Determination of Independence of Board Members</font></b></i><font size="2">.</font> <font size="2">The Board has determined that each of Dr. Metz (who has decided to retire from the Board and is not standing for re-election) and Messrs. Avila, Barton, Belden, Frey, Ketelhut, Rabinowitz and Schreiber, and therefore a majority of the directors, are independent in accordance with
the Nasdaq listing standards (which are incorporated into the Company&rsquo;s Corporate Governance Principles). To be considered independent, the Board must determine that a director does not have any direct or indirect material relationships with the Company and meets categorical and other criteria set forth in the Nasdaq listing standards. In addition, the Board has determined that each member of the Audit Committee qualifies under the Audit Committee independence standards
established by the Securities and Exchange Commission (the Commission and Nasdaq). Each of the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee is composed entirely of independent directors.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Mr. Morelli, due to his employment with the Company, is not an independent director.</font></p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>6</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Board Committees and Charters</font></b><font size="2">.</font></i> <font size="2">The Board delegates various responsibilities and authority to different committees of the Board of Directors. Committees regularly report to the full Board on their activities and actions. The Board currently has four standing committees: the Audit Committee, the Compensation Committee, the
Corporate Governance and Nominating Committee and the Finance Committee. A Special Committee of the Board was also constituted and delegated limited authority with respect to certain initiatives, but was dissolved in fiscal 2008 following completion of its activities. The members of the committees and committee Chairs are recommended by the Corporate Governance and Nominating Committee and then appointed annually by the Board. Each of the committees has the authority to engage legal
counsel or other experts, consultants and third-party service providers as it deems appropriate to carry out its responsibilities, including the authority to approve their fees and other retention terms. Each standing committee of the Board has a written charter, which we post in the &ldquo;Investor Relations&ndash;Corporate Governance&rdquo; section of our website located at www.ovonic.com. The following table identifies the committee members and number of committee meetings in
fiscal 2008.</font></p>

<div align="center">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="625">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="182">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Director</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="82">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Audit</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="97">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Compensation</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="99">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Corporate Governance and Nominating</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="82">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Finance</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="82">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Special<sup>(1)</sup></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph A. Avila</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chair</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher P. Belden</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chair</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chair</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz,</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Chairman of the Board</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chair</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber, Jr.</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Chair</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 4.35pt; TEXT-INDENT: -4.35pt; TEXT-ALIGN: center"><font size="4"><b>&bull;</b></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Number of Committee</font><br>
<font size="2">Meetings in Fiscal 2008</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">6</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">9</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">6</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">4</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="46">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The Special Committee was dissolved in fiscal 2008 following completion of its activities.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Audit Committee</font></b></i><font size="2">. The Audit Committee assists the Board of Directors in its oversight of the quality and integrity of the accounting, auditing, and reporting practices of the Company. The Audit Committee&rsquo;s role includes discussing with management the Company&rsquo;s processes for managing business and financial risk, and for compliance with
significant applicable legal, ethical, and regulatory requirements. The Audit Committee is responsible for the appointment, replacement, compensation, and oversight of the independent registered public accounting firm engaged to issue audit reports on the financial statements of ECD and for the activities, staffing and structure of the internal audit function. The Audit Committee relies on the expertise and knowledge of management and the Company&rsquo;s internal and external
auditors in carrying out its oversight responsibilities. The specific responsibilities of the Audit Committee&rsquo;s oversight role are described in detail in &ldquo;Audit Committee Report&rdquo; and the Audit Committee&rsquo;s charter.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board of Directors determined that each Audit Committee member has sufficient knowledge in financial, accounting and auditing matters to serve on the Audit Committee. Further, the Board of Directors has determined Mr. Ketelhut, Chairman of the Audit Committee, is an &ldquo;audit committee financial expert&rdquo; within the meaning of the rules of the Commission.</font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>7</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Compensation Committee</font></b></i><font size="2">. For more information on the responsibilities and activities of the Compensation Committee, including the Committee&rsquo;s processes for determining executive compensation, see &ldquo;Compensation Discussion and Analysis,&rdquo; &ldquo;Compensation Committee Report,&rdquo; &ldquo;Executive Compensation Tables,&rdquo; and the
Compensation Committee&rsquo;s charter.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Corporate Governance and Nominating Committee</font></b></i><font size="2">. The Corporate Governance and Nominating Committee is responsible for (1) identifying individuals qualified to become Board members; (2) recommending to the Board director nominees for election at each annual meeting of stockholders and for appointment to fill any vacancies; and (3) developing and
regularly reviewing the Company's corporate governance principles. The specific responsibilities and functions of the Corporate Governance and Nominating Committee can be found in the Corporate Governance and Nominating Committee charter. See &ldquo;Nominating Directors&rdquo; for further information on the director nomination process.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Finance Committee</font></b></i><font size="2">.</font> <font size="2">The Finance Committee reviews and recommends matters related to the Company's capital structure, including the issuance of debt and equity securities, external financial relationships with the Company&rsquo;s bankers, proposed mergers, acquisitions and/or divestitures and insurance and risk management. The
specific responsibilities and functions of the Finance Committee are delineated in the Finance Committee charter.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Special Committee</font></b></i><font size="2">. The Special Committee, which consisted of all of our then current independent directors, was established by the Board of Directors in August 2005 for the purpose of reviewing the Company&rsquo;s overall management structure and overseeing the development and implementation of the senior management succession plan. In February
2007, the Special Committee&rsquo;s delegated authority was expanded to include the authority to analyze, develop and negotiate strategic opportunities. The Special Committee is not a standing committee of the Board of Directors. Its responsibilities have been completed, and the Committee was dissolved in October 2007.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Nominating Directors</font></b><font size="2">.</font></i> <font size="2">The Corporate Governance and Nominating Committee historically has re-nominated those incumbent directors who continue to satisfy the Committee&rsquo;s criteria for Board membership and who the Committee believes will continue to make important contributions to the Board and the Company. In recommending
nominees to the Board, the Committee reviews the experience, mix of skills and background, independence and other qualities of a candidate to assure appropriate Board composition after taking into account the current Board members and the specific needs of the Company and the Board. The Board of Directors has specified the following minimum qualifications in the Committee&rsquo;s charter that it believes must be met by nominees to the Board:</font></p>

<div align="left">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="88%">
<tr>
<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" VALIGN="TOP" WIDTH="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" VALIGN="TOP" WIDTH="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<TD STYLE="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" VALIGN="TOP" NOWRAP WIDTH="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">have the highest personal and professional ethics and integrity and whose values are compatible with the Company&rsquo;s values;</font></p>
</td>
</tr>
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">have had experiences and achievements that have given them the ability to exercise good business judgment;</font></p>
</td>
</tr>
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">can make significant contributions to the Company&rsquo;s success;</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">have the ability to provide wise, informed and thoughtful counsel to top management on a range of issues;</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">are willing to devote the necessary time to the work of the Board and its Committees;</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">understand and meet their responsibilities to the Company&rsquo;s stockholders including the duty of care (making informed decisions) and the duty of loyalty (maintaining confidentiality and avoiding conflicts of interest); and</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 7pt; PADDING-TOP: 0in" valign="top" nowrap width="500">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">have backgrounds that provide a portfolio of experience and knowledge commensurate with the Company&rsquo;s needs.</font></p>
</td>
</tr>

</table>
</div>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>8</FONT></P>

<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Corporate Governance and Nominating Committee generally relies on multiple sources for identifying and evaluating new nominees, including referrals from the Board of Directors and management and the use of third-party consultants. The Committee has retained Heidrick &amp; Struggles, an executive search firm, to identify and evaluate new nominees. Dr. Barton, who was appointed a
director in September 2008, was identified by Heidrick &amp; Struggles. The Committee does not solicit director nominations from stockholders, but will consider such recommendations with respect to elections to be held at an annual meeting so long as such recommendations are timely made and otherwise in accordance with the Company&rsquo;s Bylaws and applicable law. Stockholder recommendations will be evaluated against the same criteria used to evaluate other nominees. The Company
did not receive any timely nominations by stockholders for the 2008 Annual Meeting of Stockholders. Stockholder recommendations for nominees to be considered by the Committee should be submitted to the Corporate Secretary at its corporate headquarters. See &ldquo;Additional Information&mdash;Stockholder Proposals for 2009 Annual Meeting&rdquo; for information on how stockholders can make director nominations for the 2009 Annual Meeting of Stockholders. Written notice of nominations
must include (1) as to each nominee, all information required to be disclosed in solicitation of proxies for elections of directors pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, (2) the name and address of the stockholder giving the notice, (3) a representation that the stockholder is a holder of ECD common stock and intends to appear at the annual meeting to make the nomination, (4) a description of all arrangements or understandings among the
stockholder and the nominee, and (5) the written consent of each nominee to serve as a director if so elected.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Code of Business Conduct and Ethics</font></b><font size="2">.</font></i> <font size="2">We have adopted a code of business conduct and ethics that applies to employees, including our chief executive officer and chief financial officer, and directors. Compliance with the code of business conduct and ethics is reaffirmed annually. A copy of our code of business conduct and
ethics can be found in the &ldquo;Investor Relations&ndash;Corporate Governance&rdquo; section of our website located at www.ovonic.com.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Corporate Governance Principles</font></b><font size="2">.</font></i> <font size="2">The Board of Directors&rsquo; Corporate Governance Principles, together with the charters of the Audit Committee, the Finance Committee, the Compensation Committee and the Corporate Governance and Nominating Committee, provide the framework for the governance of the Company. The Corporate
Governance Principles, which include guidelines for determining director independence and qualifications for directors, are available in the &ldquo;Investor Relations&ndash;Corporate Governance&rdquo; section of our website located at www.ovonic.com.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Communicating with Directors</font></b><font size="2">.</font></i> <font size="2">Stockholders may contact any of our directors or our Board as a group by writing to such director or the Board, at the following address: c/o the Corporate Secretary, Energy Conversion Devices, Inc., 2956 Waterview Drive, Rochester Hills, MI 48309. All communications will be received, processed
and forwarded to the directors by the Corporate Secretary. If you include return address, the Corporate Secretary will provide a written acknowledgement of your communication upon receipt.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Compensation of Directors</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Compensation Committee, with support from its independent compensation consultant Exequity, LLP, has the primary responsibility for reviewing and considering adjustments to director compensation and making any recommendations it may have to the Board of Directors, which is responsible for approving director compensation. The general policy of the Board and Compensation Committee
is that the compensation of non-employee directors should be a mix of cash and equity-based compensation. Compensation paid to the non-employee directors is intended to provide an incentive to continue to serve on the Board of Directors and to attract new directors with outstanding qualifications. Directors who are also employed by the Company or any of its subsidiaries do not receive compensation for serving on the Board or any of its Committees.</font></p>



<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>9</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In 2008, non-employee director compensation consisted of the following elements:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Annual retainer of $90,000 payable in restricted stock award with an option to receive up to 40% of such amount in cash rather than restricted stock award</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="559" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="481">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Audit Committee chair annual fee of $10,000 payable in restricted stock award</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Compensation Committee chair annual fee of $7,500 payable in restricted stock award</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="569" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="492">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">All other Committee chair annual fee of $5,000 payable in restricted stock award</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Non-executive Chairman annual fee of $50,000 payable in cash and/or restricted stock award</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Non-employee directors are eligible to receive stock options under the Company&rsquo;s stock option plans upon their initial appointment to the Board. They are reimbursed for all expenses incurred in attending Board and committee meetings, including airfare, mileage, parking, transportation and hotel expenses, among others.</font></p>

<a NAME="TOC5A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Director Compensation Table</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table details the total compensation of our non-employee directors in fiscal 2008:</font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="620">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" width="116">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Fees&nbsp;Earned&nbsp;or</font><br>
<font size="2">Paid in Cash</font><br>
<font size="2">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" width="106">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Stock&nbsp;Awards</font><br>
<font size="2">($)<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" colspan="3">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Option&nbsp;Awards</font><br>
<font size="2">($)<sup>(2)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" width="111">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Total</font><br>
<font size="2">($)</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="170">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph A. Avila</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 23.25pt; TEXT-ALIGN: left"><font size="2">10,504</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="30">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="50">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,679</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="30">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(3)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">50,183</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher P. Belden</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 29.25pt; TEXT-ALIGN: left"><font size="2">7,194</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17,276</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(3)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">24,470</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 25.5pt; TEXT-ALIGN: left"><font size="2">38,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 29.25pt; TEXT-ALIGN: left"><font size="2">6,304</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,540</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">45,844</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 25.5pt; TEXT-ALIGN: left"><font size="2">40,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 29.25pt; TEXT-ALIGN: left"><font size="2">6,637</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,540</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">48,177</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 25.5pt; TEXT-ALIGN: left"><font size="2">20,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 29.25pt; TEXT-ALIGN: left"><font size="2">7,741</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">27,741</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 24.75pt; TEXT-ALIGN: left"><font size="2">56,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">9,287</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,540</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.7pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">66,827</font></p>
</td>
</tr>

<tr style="HEIGHT: 0.3in">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="116">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="106">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 23.25pt; TEXT-ALIGN: left"><font size="2">10,781</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35,250</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 0.3in" width="111">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 22pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">46,031</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 5pt; PADDING-TOP: 2pt" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 7pt; PADDING-BOTTOM: 5pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amounts in this column represent the expense recognized for financial statement reporting purposes in fiscal 2008 in accordance with FAS&nbsp;123(R). The restricted stock awards vest at such time as the director no longer serves as a director of the Company for any reason. The grant-date fair value of the restricted stock awards granted to Dr. Metz
and Messrs. Avila, Frey, Ketelhut, Rabinowitz and Schreiber was $29.82 per share, the closing price of ECD common stock on Nasdaq on December 11, 2007. The grant-date fair value for the grant to Mr. Belden was $24.20 per share, the closing price of ECD common stock on Nasdaq on February 5, 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 5pt; PADDING-TOP: 2pt" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 7pt; PADDING-BOTTOM: 5pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amounts in this column represent the expense recognized for financial statement reporting purposes in fiscal 2008 in accordance with FAS&nbsp;123(R) (although estimates for forfeitures related to service-based conditions are disregarded), and therefore may include amounts from awards granted in and prior to fiscal 2008. For information on valuation
assumptions used in the calculation of options granted in fiscal 2006, 2007 and 2008, refer to Note A in the Notes to Consolidated Financial Statements included in the Company&rsquo;s Annual Report on Form 10-K for the Fiscal Year ended June 30, 2008.</font></p>
</td>
</tr>
</table>
</div>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>10</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 7pt; MARGIN-LEFT: 0.49in; TEXT-ALIGN: left"><font size="2">The following table includes the outstanding stock options and restricted stock awards by each director:</font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="394" border="0">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="160">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="113">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Stock&nbsp;Awards</font><br>
<font size="2">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="121">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Option&nbsp;Awards</font><br>
<font size="2">(#)</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph A. Avila</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">3,186</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">5,000</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher P. Belden</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">3,720</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">5,000</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">1,912</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">5,000</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">2,013</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">2,348</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">2,817</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">5,000</font></p>
</td>
</tr>

<tr style="HEIGHT: 15.85pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="160">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="113">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 30pt; TEXT-ALIGN: left"><font size="2">3,270</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid; HEIGHT: 15.85pt" width="121">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left"><font size="2">5,000</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 5pt; PADDING-TOP: 3.5pt" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 17pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 7pt; PADDING-BOTTOM: 5pt; PADDING-TOP: 3.5pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">In accordance with FAS&nbsp;123(R), the grant-date fair value of each stock option is calculated based upon a Black-Scholes model. Each of Messrs. Avila and Belden received a stock option to purchase 5,000 shares of ECD common stock on September 1, 2007 and February 5, 2008, respectively, in connection with their initial appointment to the Board. The
grant-date fair value on September 1, 2007 was $25.91 per share; the grant-date fair value on February 5, 2008 was $24.20 per share. No other director received stock options in fiscal 2008.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>11</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC6A"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">EXECUTIVE OFFICERS OF THE COMPANY</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">As of October 1, 2008, the executive officers and members of senior management of ECD are as follows:</font></p>

<div align="center">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="650">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Age</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Office</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Office Held Since</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" WIDTH="158">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli<sup>(1)</sup></font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" WIDTH="68">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">44</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" WIDTH="313">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">President, Chief Executive Officer</font><br>
<font size="2">and Director</font></p>
</td>

<TD STYLE="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" ALIGN="RIGHT" WIDTH="75">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2007</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 8pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" ALIGN="LEFT" WIDTH="33">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(2)</sup></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph P. Conroy<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">44</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Senior Vice President, Operations</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Michael A. Fetcenko</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">50</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President, Ovonic Materials</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">66</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Senior Vice President and Chairman of United Solar Ovonic</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">45</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Senior Vice President, General Counsel and Chief Administrative Officer</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2006</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Arthur A. Rogers</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">58</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President, Human Resources and Administration</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Marcelino Susas</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">41</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President, Strategic Marketing</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Thomas Toner</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">49</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President, Systems Engineering</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corby C. Whitaker</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">38</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President, Global Sales</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Harry W. Zike<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">53</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Vice President and Chief Financial Officer</font></p>
</td>

<td style="BORDER-RIGHT: 0pt; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="right">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-LEFT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" align="left">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 8pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 8pt; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">This individual is an executive officer of ECD (within the meaning of Rules 3b-7 and 16a-1 under the Securities Exchange Act of 1934).</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 8pt; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Morelli was named President and Chief Executive Officer of ECD effective September 1, 2007. See page 5 for his biographical information.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Joseph P. Conroy joined the Company in December 2007 as Vice President of Operations of United Solar Ovonic, and was appointed Senior Vice President of Operations in August 2008. Before coming to ECD, Mr.&nbsp;Conroy had been at American Axle&nbsp;&amp; Manufacturing, Inc. since March 1994. While with American Axle&nbsp;&amp; Manufacturing, Inc., Mr.&nbsp;Conroy served as general
manager of the Driveline Americas Division, the company&rsquo;s largest division, from July 2006 until he joined ECD, general manager of the Metal Formed Products Division from July 2004 to July 2006, and plant manager for the Three Rivers Driveline facility from January 2003 to July 2004. He holds a B.S.M.E. from General Motors Institute (GMI), now known as Kettering University, and an MBA from Wayne State University.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Michael A. Fetcenko was named Vice President of Ovonic Materials at ECD in April 2008. He joined ECD in 1980 and was one of the founding members of Ovonic Battery Company (OBC) where he served as Senior Vice President and Director of Technology from 1992 until the time when OBC was integrated into the Ovonic Materials segment of ECD in 2007 as part of ECD&rsquo;s restructuring.
Mr.&nbsp;Fetcenko has also played a pivotal role in the enforcement and licensing of the company&rsquo;s intellectual property and was responsible for technical- and business-related interactions with OBC&rsquo;s licensees. As the head of the Ovonic Materials Division, Mr.&nbsp;Fetcenko leads the operations and strategic planning and drives commercialization of ECD&rsquo;s diverse technologies including biofuel reformation, fuel cell, hydrogen storage and information technology
while continuing to grow ECD&rsquo;s Ovonic NiMH battery business.  He holds a B.S. degree in Chemical Engineering from Wayne State University.</font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>12</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Subhendu Guha is Senior Vice President, Photovoltaic Technology of ECD and Chairman of its wholly owned subsidiary, United Solar Ovonic. Dr.&nbsp;Guha joined ECD in 1982. He was named United Solar Ovonic&rsquo;s President in 2000 and its President and Chief Operating Officer in May 2003, a position he held from 2003 until 2007, when he assumed his current position. Dr.&nbsp;Guha is a
world-renowned authority in PV technology, with many years of experience in the development and manufacture of solar panels. He serves on many national and international PV committees, including the Advisory Board of National Center for Photovoltaics, the body responsible for directing and implementing the U.S.&nbsp;Department of Energy&rsquo;s strategy in PV. He has a Ph.D. in Electronics.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Jay B. Knoll is Senior Vice President, General Counsel, and Chief Administrative Officer of ECD. He was named to this position in October 2007 after joining the Company in 2006 as Vice President and General Counsel. Prior to joining ECD, Mr.&nbsp;Knoll was Vice President, General Counsel and Corporate Secretary of Collins&nbsp;&amp; Aikman Corporation from November 2002 to September
2005. Collins&nbsp;&amp; Aikman filed for bankruptcy in May 2005. Mr.&nbsp;Knoll holds a B.A. degree from the University of Michigan and has a J.D. degree from the Wayne State University School of Law.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Arthur A. Rogers is Vice President of Human Resources and Administration of ECD. Mr.&nbsp;Rogers has more than thirty years of experience in Human Resources and developing and executing organizational strategy. From December 2005 until May 2007, he served as Vice President of Human Resources and Administration at United Solar Ovonic. From 1998 until joining ECD in 2005,
Mr.&nbsp;Rogers served as Senior Vice President of Human Resources for GKN Sinter Metals. Mr.&nbsp;Rogers holds a B.S. in Labor&nbsp;&amp; Industrial Relations with a concentration in Management, Economics and Psychology from Michigan State University.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Marcelino Susas is Vice President of Strategic Marketing of ECD. Prior to joining ECD in October 2007, Mr.&nbsp;Susas served as Business Director of Lumber/Retail at CertainTeed Corporation, a subsidiary of Saint-Gobain, from June 2007 to January 2008 and Director of Business Development Insulation Group at CertainTeed Corporation from August 2005 to May 2007. Before joining
CertainTeed, Mr.&nbsp;Susas was a manager at Carrier from July 2003 to August 2005. From March 2002 to June 2003, he was Manager of Business Development and Strategic Planning at United Technologies Fuel Cells. Mr.&nbsp;Susas holds a B.S. in Electrical Engineering from the New Jersey Institute of Technology and has an MBA from New York University&rsquo;s Stern Graduate School of Business.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Thomas Toner is Vice President, Systems Engineering at ECD. He most recently served as Senior Director of Operations for Varian Semiconductor Equipment Associates, Inc. from 2006 to 2007. From 2001 to 2006, Mr.&nbsp;Toner worked at Applied Materials, Inc., serving as Senior Director of System Engineering of the Front End Products Group from 2001 to 2004, Managing Director of Global
Operations for the Front End Products Group from 2004 to 2006, and Managing Director of Global Operations, New Business and New Products in 2006. Mr.&nbsp;Toner holds his M.S. in Engineering and Management from MIT and his B.S. in Mechanical Engineering from the University of Virginia.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Corby C. Whitaker has served as Vice President, Global Sales of ECD since December 2007. From 2004 until 2008, Mr.&nbsp;Whitaker served as Director of Sales with Johns Manville Corporation. Before joining Johns Manville Corporation, Mr.&nbsp;Whitaker served as Regional Vice President of Sales for Tractebel Energy Services, Inc. (formerly AES NewEnergy, Inc.) from 2002 to 2004.
Mr.&nbsp;Whitaker holds a B.S.M.E. from Texas A&amp;M University.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Harry W. Zike, prior to joining ECD as Vice President in July 2008, was Executive Vice President, Chief Financial Officer and Director of Siemens VDO Automotive Corporation&rsquo;s Americas Region and its successor, Continental Automotive Systems, Inc., from February 2006 to January 2008. From October 1998 to January 2006, Mr. Zike was Executive Vice President, Chief Financial Officer
and Director of Siemens Power Generation, Inc.</font> <font size="2">Mr. Zike has a B.S. degree in accounting from the University of Scranton. He is a Certified Public Accountant, a Certified Management Accountant, a Certified Information Technology Professional and a Certified Six Sigma Green Belt.</font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>13</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<a NAME="TOC7A"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">COMPENSATION DISCUSSION AND ANALYSIS</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Overview</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company has undertaken a broad restructuring program over the last two years to transition from a technology development company to a commercially-oriented product manufacturing company. This program has included the creation of a new management team, led by a new President and Chief Executive Officer, Mark D. Morelli, who was appointed in September 2007. The Compensation
Committee of the Board of Directors has, concurrently with this program, conducted a thorough review of the Company&rsquo;s compensation philosophy and programs. The Committee recognizes that the long-term success of the Company&rsquo;s commercialization strategy is dependent on the leadership, experience, execution, motivation and ingenuity of its executive officers. Therefore, the Committee has taken substantive steps to create a comprehensive compensation program, similar to
those utilized by commercially-oriented companies, designed to:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">attract, retain, develop and motivate key executives critical to the Company&rsquo;s initiatives;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="307" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="33">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="225">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reward superior performance;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="297" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="33">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" nowrap width="216">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">foster individual growth; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="457" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM:  12pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM:  12pt; PADDING-TOP: 0in" valign="top" nowrap width="33">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM:  12pt; PADDING-TOP: 0in" valign="top" nowrap width="376">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">align the long-term interests of executives with stockholders.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In particular, the compensation program in fiscal 2008 consisted of various compensation elements linked to performance-based measures, including an annual cash bonus program and a long-term incentive plan with stock option and restricted stock unit awards granted in fiscal 2009 based on Company performance in fiscal 2008. The annual and long-term incentive plans are designed to
focus our executives on our long-term commercialization strategy and reward them for taking steps toward delivering on that strategy. The fiscal 2008 program also included an increase in the proportion of share-based grants to total compensation.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">The Compensation Committee&rsquo;s Role</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee, composed entirely of independent directors, administers the executive compensation programs of the Company. The Committee&rsquo;s responsibilities include recommending and overseeing compensation and benefit plans and policies, approving equity grants and otherwise administering share-based plans, and reviewing annually all compensation decisions relating to the
Company&rsquo;s executive officers, including the Chief Executive Officer and the Chief Financial Officer and all other executive officers, including those named in the &ldquo;Summary Compensation Table&rdquo; (the named executive officers). The Committee&rsquo;s charter, which is reviewed at least annually by the Committee, reflects its responsibilities and is available for review in the &ldquo;Investor Relations&mdash;Corporate Governance&rdquo; section of the Company&rsquo;s
website at www.ovonic.com. In fiscal 2008, the Committee held nine meetings.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Process for Determining Compensation for Named Executive Officers</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Management and Other Employees</font></b></i><font size="2">. The Committee works with management to set the agenda for Committee meetings, and the Chief Executive Officer and other members of management are regularly invited to attend such meetings. The Committee meets in executive session as necessary to discuss compensation issues generally outside the presence of
management, as well as to review the performance and consider the compensation of the Chief Executive Officer.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee takes significant direction from the recommendations of the Chief Executive Officer in establishing the compensation for the other named executive officers, as it believes the Chief </font></p>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>14</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2">
Executive Officer has the best understanding of the overall effectiveness of the management team and each person&rsquo;s individual contribution to the Company&rsquo;s performance. For each
named executive officer, the Chief Executive Officer provides information to the Committee regarding the individual&rsquo;s experience, current performance, potential for advancement and other subjective factors. The Committee retains discretion to modify the Chief Executive Officer&rsquo;s recommendations and reviews such recommendations for their reasonableness based on individual and Company performance as well as market information.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company&rsquo;s legal advisors, human resources department and corporate finance department also attend Committee meetings upon request and support the Committee in its work pursuant to delegated authority to fulfill various functions in developing and administering the compensation plans and programs.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Third-Party Consultants</font></b></i><font size="2">. The Committee has the authority to retain and obtain assistance from, and to approve engagement fees and other retention terms of, legal, accounting, compensation or other advisors. In fiscal 2008, the Committee engaged Exequity, LLP, an independent compensation consultant, to provide market information and analyses in
connection with the Committee&rsquo;s review of the Company&rsquo;s compensation programs and consideration of individual executives&rsquo; compensation packages, and in the determination of equity grants made to executive officers and executive candidates. Exequity also assisted the Committee in developing an appropriate competitive benchmark and began assisting in the development of incentive programs and competitive opportunities for fiscal 2008 and fiscal 2009. Exequity
participated in six meetings of the Committee in fiscal 2008.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee approved the terms of its engagement of Exequity independently from the Company&rsquo;s management and solely determined Exequity&rsquo;s responsibilities. In carrying out the responsibilities assigned to it by the Committee, Exequity worked with Company management in developing and implementing compensation programs approved by the Committee.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Compensation Philosophy and Objectives</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In making decisions with respect to compensation for named executive officers and other executives in fiscal 2008, a year focused on hiring, developing, promoting and retaining the key executives needed to help ensure the continued execution and delivery on the Company&rsquo;s strategic plans, the Company and the Committee were guided by the following objectives:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Our compensation program should be comprehensive, consisting of base salary, annual incentives, long-term incentives and benefits, and designed to support our commercialization and growth strategies.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Our compensation program should be designed to motivate and reward our executives for performance through the use of variable compensation tied to short-, intermediate- and long-term results.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 8pt" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 8pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 8pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Our business success depends on our ability to attract and retain executive talent through competitive compensation opportunity, which we have defined as the 50th percentile of our benchmarking peer group.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Executive Compensation Policies and Practices</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Benchmarking Group</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In administering the compensation program, the Committee relied on market data provided by its independent consultant and management. For purposes of benchmarking top officer compensation, the Committee reviewed pay data and practices for a group of publicly traded companies of similar size to the Company classified in the same global industry classification system code as the
Company. That group consisted of 23 companies with revenues between $50 million and $1 billion within the electrical </font></p>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>15</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2">
components and equipment industry and included three solar companies that are direct competitors of the Company. The following companies were included in that benchmarking peer group:</font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="597" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="199">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">American Superconductor</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Baldor Electric</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">BTU International</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">C&amp;D Technologies</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Chase</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Coleman Cable</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Evergreen Solar</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">First Solar</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="199">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Franklin Electric Co.</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Graftech International</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">II-VI</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">International Wire Group</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">LSI Industries</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Mircrofield Group</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Nortech Systems</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Powell Industries</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="199">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Power One</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Preformed Line Products</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Simclair</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">SL Industries</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Sunpower</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Ultralife Batteries</font></p>

<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 15.85pt; TEXT-INDENT: -12.25pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font> <font size="2">Vicor</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company is reevaluating and revising its peer group for executive officer compensation benchmarking for fiscal 2009 to more closely align with companies similar in terms of their high growth, global scale, technological complexity and nature of business involving the conversion of commodity-based materials into highly valued and unique end-products.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Target Pay Mix</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The total compensation package for our executive officers consists of base salary, annual bonus, long-term incentives and benefits. In determining both the target level of compensation and the mix of compensation elements, we consider market practice, business objectives, expectations of our shareholders, and our own judgment of where the targets should be established. In making this
determination, we reviewed market practice with regard to such components of compensation, with actual pay mix varying based on Company performance. Market practices will continue to be monitored as one reference point as we make decisions regarding target pay mix. However, we will also continue to make strategic decisions based on our unique business objectives, which may differ from comparator company practices.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">While our target pay mix includes significant incentive opportunity, historically much of our compensation has been delivered in the form of base salary. In recent years, we have moved to strengthen our pay-for-performance orientation with a higher proportion of compensation provided through variable pay. We believe the current target pay mix achieves several important objectives: it
supports a strong pay-for-performance culture; it balances the focus on annual and long-term objectives in support of our business strategy; it satisfies the need for flexibility to motivate and reward exceptional performance; and it better reflects competitive market practice allowing us to attract and retain talented executives.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Factors Considered in Making Compensation Decisions</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Actual compensation levels are a function of Company performance as described under each specific compensation element below. When making pay decisions, the Committee considers the competitiveness of individual elements of compensation as well as the aggregate sum of base salary, annual incentives and the fair value of long-term incentives (determined at grant) for an executive
officer. The Committee may also consider salary increase history, past bonus awards and past equity awards as context in understanding year-to-year changes in compensation and retention effect of prior awards.  Under the Annual Incentive Program and Long-Term Incentive Program, initial award amounts are determined based on our judgment after reviewing compensation information for our benchmarking peer group. The Committee retains the discretion to decrease the size of individual
awards in situations where an executive officer&rsquo;s individual performance does not receive at least a &ldquo;satisfactory&rdquo; rating </font></p>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>16</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2">during his or her annual performance evaluation. Final decisions on any major element of compensation, as well as total compensation for executive officers, are made by the Committee.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The compensation program is generally applied consistently to named executive officers. Exceptions related to CEO compensation are noted throughout this report.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Components of Compensation</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table shows the full-year target values of our fiscal 2008 year-end base salaries, and annual bonus and long-term incentive target pay opportunities for our named executive officers:</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Fiscal 2008 Target Pay Opportunity</font></b></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="625">
<tr style="HEIGHT: 1pt">
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Executive Officer<sup>1</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Base Salary</font><br>
<font size="2">at FYE 2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Annual Bonus<br>
Target Opportunity</font></p>

<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(% of Base Salary)<sup>2</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Long-Term Incentive Target Opportunity</font></p>

<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(% of Base Salary)<sup>2</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="260">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font><br>
<i><font size="2">President and Chief Executive Officer</font></i></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="27">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="77">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">450,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">75%</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="120">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">100%</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll</font><br>
<i><font size="2">Senior Vice President, General Counsel</font></i><br>
<i><font size="2">&nbsp;&nbsp; and Chief Administrative Officer</font></i></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="27">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="77">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">310,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">50%</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">70%</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha, Ph.D.</font><br>
<i><font size="2">Senior Vice President, Photovoltaic</font></i><br>
<i><font size="2">&nbsp;&nbsp; Technology</font></i><br>
<i><font size="2">Chairman, United Solar Ovonic</font></i></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="27">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="77">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">310,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">40%</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">50%</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>
<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Does not include Sanjeev Kumar who left the Company effective August 31, 2008. Also does not include Robert C. Stempel and Nancy M. Bacon, both of whom terminated their employment with the Company during the fiscal year.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">While the above chart shows the annual cash bonus and long-term incentive target opportunities, the actual amounts paid were in excess of these targets due to the superior performance achieved by the Company in fiscal 2008. See &ldquo;Components of Compensation &ndash; Annual Cash Bonus and Long-Term Incentives.&rdquo;</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Base Salary</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee believes that base salary is a significant factor in attracting and retaining key employees and also serves to preserve an employee&rsquo;s commitment to the Company during any downturns. The Committee also believes that base salary should be commensurate with a named executive officer&rsquo;s scope of responsibilities, demonstrated leadership abilities, management
experience and effectiveness and potential for advancement. Accordingly, the Committee intends to review base salaries of named executive officers on an annual basis, as well as at the time of a promotion or other change in responsibilities.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Fiscal 2008 year-end base salaries for our named executive officers are shown in the table above.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Annual Cash Bonus</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee believes that the Company&rsquo;s annual cash incentive program (the &ldquo;Annual Incentive Program&rdquo;), which was first utilized in fiscal 2008, provides a meaningful reward for the achievement of significant short-term Company performance, while assisting the Company in attracting, </font></p>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>17</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2"> motivating, and retaining employees. At the beginning of fiscal 2008, the Committee established that the applicable performance measures for fiscal 2008 should be adjusted net income and cash flow from operations, two measures that the Committee believes closely correlate with the Company&rsquo;s stated goal of timely achieving sustainable profitability. Adjusted net income excluded extraordinary items that the Committee deemed to be nonrecurring, but included all budgeted restructuring costs. The cash flow from operations was based on the adjusted net
income as discussed above. The Committee established Company performance goals around these measures, with individual target awards subject to adjustments based on actual Company performance as follows:</font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="620">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><font size="2">Actual Company Performance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><u><font size="2">Percentage of Individual Target Award</font></u></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="300">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Maximum Performance Level (or higher)</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="68">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 75pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="166">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">150%</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="82">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Target Performance Level</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="68">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 75pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="166">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">100%</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="82">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Threshold Performance Level</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="68">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 75pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="166">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">50%</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="82">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Below Threshold Performance Level</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="68">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 75pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="166">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0%</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="82">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The fiscal 2008 target bonus for executive officers ranged from 35% &ndash; 50% of their respective base salary, other than Mr.&nbsp;Morelli whose fiscal 2008 target bonus was 75% of his base salary. These target figures were set by the Committee after discussions with management and the Committee&rsquo;s consultant, which included a review of data from the benchmarking peer group.
Upon completion of fiscal 2008, the Committee reviewed actual performance and awards were made at 150% of such target bonus (representing maximum payout) based on superior performance to the established goals for sustainable profitability (adjusted net income of $3.9 million as compared to a target loss of $15.4 million and positive operating cash flow of $28.5 million as compared to a target negative cash flow of $14.6 million). See the Bonus and Non-Equity Incentive Plan columns of the Summary Compensation Table for actual awards for fiscal 2008 performance made to named executive officers.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Long-Term Incentives</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">At the beginning of fiscal 2008, the Committee began considering annual equity award opportunities that would be provided to executive officers and certain other management-level employees under the 2006 Stock Incentive Plan based on performance in fiscal 2008. The 2006 Stock Incentive Plan authorizes the issuance of stock options, stock appreciation rights, restricted stock awards
and restricted stock units. Grants are at the Committee&rsquo;s discretion, but are based upon Company performance. The Committee believes that such equity awards will motivate executives and other eligible employees to focus on, and reward the achievement of, the Company&rsquo;s long-term business goals and strategies and thereby increase shareholder value. These awards also are intended to assist the Company in retaining a stable management team through the use of long-term vesting
requirements. After fiscal 2008, based on the Committee&rsquo;s assessment of the significant performance delivered during fiscal 2008, the Committee awarded the annual equity grants specified below to our named executive officers which represent 150% of the long-term incentive target opportunity as follows:</font></p>

<div align="left">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="590">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Executive Officer<sup>1</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="110">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 24.75pt; TEXT-ALIGN: left"><font size="2">Date</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="135">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Stock Options</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Restricted Stock Units</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="173">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="110">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">8/26/08</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="135">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">7,600</font></p>
</td>

<TD STYLE="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="52">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="64">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">4,690</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="52">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="110">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">8/26/08</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="135">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">4,000</font></p>
</td>

<TD STYLE="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="64">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2,470</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="110">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">8/26/08</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="135">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2,860</font></p>
</td>

<TD STYLE="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="64">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1,760</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="95%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert C. Stempel and Nancy M. Bacon, both of whom terminated their employment with the Company during the fiscal year, and Sanjeev Kumar, who terminated his employment with the Company in August 2008, did not receive any long-term incentive awards for fiscal year 2008.</font></p>
</td>
</tr>
</table>
</div>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>18</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The stock options expire on the tenth anniversary of grant and vest over four years with 25% vesting on the first anniversary of grant and 25% vesting on each of the second, third, and fourth anniversaries of grant, provided that the executive remains in the Company&rsquo;s employ as of the vesting date. The restricted stock units settle in shares of Company common stock on a
one-for-one basis, and vest on the third anniversary of grant, again provided that the executive remains in the Company&rsquo;s employ as of the vesting date. Additionally, the stock options and restricted stock units vest upon a qualifying termination (as defined in the Company&rsquo;s Executive Severance Plan) and may vest upon certain change in control events (as defined in the Company&rsquo;s 2006 Stock Incentive Plan).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 16pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In fiscal 2008, the Committee awarded the following special equity grants (grants not related to our annual grant program) to our named executive officers:</font></p>

<div align="left">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="645">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="153">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Executive Officer</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="83">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Date</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="95">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Stock Options</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="100">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Restricted Stock</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom" WIDTH="116">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Performance-Based Restricted Stock Units</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="top" WIDTH="96">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Restricted Stock Units</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9/1/07</font><br>
<font size="2">6/30/08</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">75,000</font><br>
<font size="2">9,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 24pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,000</font><br>
<font size="2">0</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 31pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,000</font><br>
<font size="2">0</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 25pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" width="96">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font><br>
<font size="2">2,500</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7/18/08</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 24pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 31pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 25pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="96">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5/12/08</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 24pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 31pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 25pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="96">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Mr. Morelli&rsquo;s September 1, 2007 grants are described below under &ldquo;Fiscal 2008 Personnel Events &ndash; Hiring of Mark D. Morelli as President and Chief Executive Officer.&rdquo; Of such grants, 30,000 performance-based shares vested on June 9, 2008 when the Company&rsquo;s stock price met the applicable vesting requirement (i.e., the Company&rsquo;s stock traded at or
above $50 per share for 20 consecutive trading days within three years of the grant date). On June 30, 2008, the Committee granted Mr. Morelli a special award of 9,000 stock options and 2,500 restricted stock units in recognition of his superior performance since joining the Company and to replace the leverage on the portion of his performance-based shares withheld to pay applicable taxes. The stock options expire on the tenth anniversary of grant and vest over four years with 40%
vesting on the first anniversary of grant and 20% vesting on each of the second, third, and fourth anniversaries of grant, provided that the executive remains in the Company&rsquo;s employ as of the vesting date. The restricted stock unit grants contain the same vesting terms described above for the August 26, 2008 grants.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The grants to Dr. Guha and Mr. Knoll (whose grant occurred after fiscal 2008 year end) were in relation to these executives&rsquo; agreement to be covered by certain severance agreements which included restrictive covenants (See &ldquo;Potential Payment Upon Termination or Change in Control &ndash;Severance Agreements of Sanjeev Kumar and Jay B. Knoll&rdquo; for further
information).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Perquisites and Other Personal Benefits</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee believes that limited perquisites and other personal benefits may be appropriate to enable the Company to attract and retain employees for key positions and to increase workplace efficiency. Historically, these benefits have generally been limited to relocation and similar transition costs and have made up a very small percentage of total compensation for the named
executive officers. The Committee has not made any adjustments to these benefits for the named executive officers for fiscal 2008.</font></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company also provides benefits such as medical, dental, and disability coverage, paid vacation and term-life insurance to each employee in a non-discriminatory manner. The Company also provides matching contributions under the Company&rsquo;s 401(k) plan to all employees. The Company&rsquo;s matching contribution is limited to 4% of the participant&rsquo;s salary up to $230,000
for calendar 2008. </font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>19</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2">
Messrs. Knoll and Stempel did not participate in the Company&rsquo;s 401(k) plan in fiscal 2008, and Mr.&nbsp;Stempel elected not to receive the Company&rsquo;s medical and dental coverage.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Post-Employment Benefits</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee believes that specified termination benefits serve to enhance our ability to attract and retain talented executive officers and ensure the continued dedication of such employees. In particular, such termination benefits diminish the inevitable distraction of employees caused by personal uncertainties and risk of job loss.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee approved the Executive Severance Plan pursuant to which certain management-level employees will be eligible to receive severance benefits in connection with the Company&rsquo;s termination of their employment without &ldquo;cause&rdquo; or the employee&rsquo;s termination of employment for &ldquo;good reason.&rdquo; A termination is for &ldquo;cause&rdquo; if it relates
to willful and continual failure after notice to substantially perform the duties of employment (other than resulting from illness), any other breach resulting in material harm to the Company, conviction of a felony, or fraud or embezzlement. A termination by the employee is for &ldquo;good reason&rdquo; if it relates to a material reduction in base pay, a material diminution in authorities, duties, or responsibilities, or a material change in office location, with an exception for
across-the-board changes unless such changes occur within one year before or after a change in control. An employee must provide written notice of termination for good reason within 90 days following the initial existence of the qualifying condition, and the Company has a right to cure such condition within 30 days of notice. All executive officers will be eligible to participate in the Executive Severance Plan, and Mr. Knoll (after fiscal 2008 year end) has elected to opt out of his prior severance agreement and is now covered by the Executive Severance Plan as well. See
&ldquo;Potential Payments Upon Termination or Change in Control &ndash; Severance Agreements of Sanjeev Kumar and Jay B. Knoll&rdquo; for further information.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Under the Executive Severance Plan, participants will receive: (1) a base salary equal to the highest amount in the 90 days prior to such termination, for the severance coverage period specified in the participation agreement; (2) a pro-rata portion of the target annual incentive award under the Annual Incentive Program; (3) an additional cash bonus payment based on the severance
coverage period and the most recent target annual incentive award; (4) subsidized medical and dental benefits for the severance coverage period, but for no more than 18 months; and (5) outplacement services for the severance coverage period, but for no more than 18 months. The severance coverage period for Messrs. Knoll and Guha is one year while Mr. Morelli&rsquo;s severance coverage period is two years if termination occurs prior to a change in control and three years if
termination occurs following a change in control. In addition, all unvested equity awards will vest effective upon the termination date and, for stock options and stock appreciation rights, be exercisable for six months after the termination date, unless otherwise specified in the award (but no later than the 10th anniversary of the grant date).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Further, in the event of a termination in connection with a change in control, the Company will provide each participant with a full excise tax gross-up (including, without limitation, any interest or penalties imposed with respect to such taxes) on the above benefits in the event such benefits exceed 310% of the base amount determined under Section 280G of the Code. The gross-up
payment generally will be paid in a lump sum on the fifth day before the due date of such excise taxes. If the participant&rsquo;s benefits are above 300% and equal to or less than 310% of the base amount, the benefits under the plan will be reduced by the smallest amount necessary to ensure that the benefits are not subject to excise taxes. See &ldquo;&mdash;Tax and Accounting Implications&mdash;Change in Control Payments&rdquo; for further information.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In order to receive benefits under the Executive Severance Plan, participants must agree to non-competition, non-solicitation, non-disparagement and confidentiality provisions, as well as provide a full waiver and release of any potential employment-related claims (excluding claims under the Executive Severance Plan or any employee benefit plan sponsored by the Company). If a
participant </font></p>



<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>20</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2">
violates any of such provisions, the Company will not be required to pay any further amounts under the plan and the participant must repay all amounts previously paid under the plan.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Fiscal 2008 Personnel Events</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company implemented several significant personnel changes during fiscal 2008 as part of its restructuring and succession planning activities.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Hiring of Mark D. Morelli as President and Chief Executive Officer</font></b></i><font size="2">. The Company hired Mark D. Morelli as President and Chief Executive Officer and a member of its Board of Directors effective September 1, 2007. The Special Committee of the Board, which included all of the then current independent directors, led the Company&rsquo;s search for a new
Chief Executive Officer and was delegated the responsibility of negotiating the compensation package. The Special Committee engaged Exequity to serve as an independent compensation consultant for such hiring. The Committee believes Mr.&nbsp;Morelli&rsquo;s overall compensation package was reasonable, competitive and necessary to attract and retain Mr.&nbsp;Morelli to lead the Company&rsquo;s transition to a commercially-focused product manufacturing
company with sustainable profitability. The compensation package was also designed to reward Mr.&nbsp;Morelli for superior performance and align his interests with stockholders.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Mr.&nbsp;Morelli&rsquo;s contract provided that he initially receive a base salary of $450,000 per year and be eligible for an annual incentive cash bonus of 75% of his annual base salary and annual stock awards of 100% of his annual base salary. Mr.&nbsp;Morelli&rsquo;s annual bonus for fiscal 2008 was guaranteed to be at least $300,000, with $120,000 of such amount to be paid in
March 2008. Mr.&nbsp;Morelli also received a signing bonus of $100,000. The Company provided Mr.&nbsp;Morelli with various executive relocation benefits, including up to $6,500 per month (for no more than six months) to lease an interim principal residence.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">On September 1, 2007, Mr.&nbsp;Morelli received the following stock awards under the Company&rsquo;s 2006 Stock Incentive Plan: (1) nonqualified stock options to purchase 75,000 shares of the Company&rsquo;s common stock, with an option to purchase 30,000 shares vesting on the first anniversary of the grant date and an option to purchase 15,000 shares vesting on each of the second,
third and fourth anniversaries of the grant date; (2) 30,000 shares of restricted stock vesting on the third anniversary of the grant date; and (3) an additional 30,000 shares of performance-based restricted stock, vesting only if the average closing price of the Company&rsquo;s common stock on Nasdaq for 20 consecutive trading days exceeded $50 within three years of the grant date. The performance goal was achieved on June 9, 2008 and the performance-based restricted stock vested
on that date. The stock option and restricted stock referred to in clauses (1) and (2) will also vest upon a change in control (as defined in the 2006 Stock Incentive Plan) or upon a qualifying termination (as defined in the Executive Severance Plan).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Mr.&nbsp;Morelli participates in the Company&rsquo;s Executive Severance Plan. His severance payment thereunder would be two times the sum of his base salary and target incentive bonus payment following a qualifying termination, or three times such amount if the qualifying termination arises in connection with a change in control, plus in each case his pro-rata target incentive bonus
payment for the year in which the qualifying termination occurs. In the event of a termination in connection with a change in control, the plan provides for a full excise tax gross-up (including, without limitation, any interest or penalties imposed with respect to such taxes) on the above benefits in the event such benefits exceed 310% of the base amount determined under Section 280G of the Code. See &ldquo;&mdash;Components of Compensation&mdash;Post-Employment Benefits&rdquo; for
further information.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Retirement of Robert C. Stempel</font></b></i><font size="2">. Effective August 31, 2007, the Company and Robert&nbsp;C.&nbsp;Stempel entered into a retirement agreement, pursuant to which Mr.&nbsp;Stempel retired from all management positions at the Company and from all board and management positions with the Company&rsquo;s affiliates. Mr.&nbsp;Stempel continued as Chairman
of the Company&rsquo;s Board of Directors in a non-executive capacity and a member of the Finance Committee of the Board until the 2007 Annual Meeting
</font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>21</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2">of Stockholders when he retired from his Board positions. The Committee believes the overall retirement package was reasonable in light of Mr.&nbsp;Stempel&rsquo;s history of service and contributions to the Company and the terms of his employment agreement.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Mr.&nbsp;Stempel received a cash severance payment of $750,000. The Company also accelerated the vesting for nonqualified stock options to purchase 3,633 shares of the Company&rsquo;s common stock awarded in May 2006. Stock options to purchase a total of 171,056 shares of the Company&rsquo;s common stock (including the 3,633 shares) will continue to be exercisable until 10 years
after the respective grant date, and the exercise period for such stock options will continue at the time of his death, if applicable, until the earlier of 12 months following the date of his death or 10 years after the grant date. The restricted stock of the Company held by Mr.&nbsp;Stempel will continue to vest in quarterly installments of 23,000 shares on the first day of each quarter and will vest fully upon the occurrence of a change in control. Mr. Stempel will remain subject
to the non-competition, non-solicitation and confidentiality provisions set forth in his prior employment agreements.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company will continue to indemnify, defend and hold harmless Mr. Stempel to the full extent permitted under applicable law and the Company&rsquo;s governing documents with respect to all acts and omissions on or before August 31, 2007 in his capacity as officer, director or employee of the Company to the full extent that would apply if he continued in such positions.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Retirement of Nancy M. Bacon.</font></b></i> <font size="2">In connection with Mrs. Bacon&rsquo;s retirement on March 31, 2008, Mrs. Bacon received an amount equal to her annual base salary, plus $50,000 (in lieu of an annual bonus) and accrued vacation pay, together with continuation of medical and dental benefits for up to 52 weeks following her retirement. Mrs. Bacon agreed
to certain covenants, including non-compete, non-disparagement and confidentiality. Mrs. Bacon also agreed to provide government relations and other services to the Company following her retirement. Mrs. Bacon&rsquo;s outstanding stock options to acquire shares of the Company under the 1995 and 2000 Non-Qualified Stock Option Plans will continue in effect and are exercisable from and after March 31, 2008 continuing through a period of 90 days following the period of time she serves
as a consultant to the Company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Subsequent Personnel Events</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Resignation of Sanjeev Kumar.</font></b></i> <font size="2">Sanjeev Kumar resigned as the Company&rsquo;s Vice President and Chief Financial Officer, effective August 31, 2008. In connection with Mr. Kumar&rsquo;s departure from the Company, Mr. Kumar and the Company entered into an agreement captioned Revised Separation Agreement and Complete Release of Liability
(&ldquo;Separation Agreement&rdquo;). The Separation Agreement provides that Mr. Kumar will receive 52 weeks of base pay totaling $300,000, an Annual Incentive Plan (&ldquo;AIP&rdquo;) payment for the fiscal year ended June 30, 2008 totaling $225,000, and remain eligible to receive his 2009 and 2010 AIP awards when paid to other participants in a total amount of $175,000, and continuation of the Company&rsquo;s portion of premiums for Mr. Kumar&rsquo;s medical and dental insurance
under the Company&rsquo;s group plans. Mr. Kumar will also receive payment in lieu of accrued and unused vacation, and certain other employee benefits as well as outplacement services provided through no later than December 31, 2009. In consideration for the revised severance benefits under the Separation Agreement, Mr. Kumar releases all claims against the Company and its subsidiaries and affiliates and acknowledges that he is subject to confidentiality and non-disparagement
obligations, a 12-month non-solicitation obligation, and a 6-month non-competition obligation.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><i><b><font size="2">Awards of Performance-Based RSU Awards.</font></b></i> <font size="2">The Committee believes that awarding performance-based equity awards to executive officers and certain other key employees serves as a powerful retention tool that motivates such individuals to generate long-term returns for the Company&rsquo;s stockholders. Accordingly, beginning in fiscal 2009, the
Committee began making awards of performance-based RSU awards to the Company&rsquo;s executive officers. These awards will be denominated in shares of common stock and vest upon the achievement of performance conditions set by the Committee. Generally, an executive officer must remain employed by the Company through the
</font></p>



<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>22</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2">
end of a performance cycle in order to receive RSUs upon vesting. Performance-based RSU awards may not be sold, pledged, transferred or otherwise disposed of by the
employee until they vest and are delivered.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Timing and Pricing of Share-Based Grants</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">After fiscal 2008, the Committee made its first regular annual share-based grants in connection with its restructured compensation philosophy. After reviewing fiscal 2008 Company performance, the Committee approved these grants totaling 47,670 shares in stock options and 29,410 shares in restricted stock units. The Committee has established in advance a calendar date or Committee
meeting date at which it will approve annual grants, which is the August meeting of the Committee.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In accordance with the Company&rsquo;s 2006 Stock Incentive Plan, the exercise price of each stock option is the closing price of the Company&rsquo;s common stock on the date approved by the Committee to be the grant date (which date will not be earlier than the date the Committee approved such grant). The Committee is prohibited from repricing stock options, both directly (by
lowering the exercise price) and indirectly (by canceling an outstanding option and granting a replacement stock option with a lower exercise price), without stockholder approval.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Policy Regarding Retroactive Adjustment</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If the Board determines that an executive officer has engaged in fraudulent or intentional misconduct, the Board intends to take action to remedy the misconduct, prevent its recurrence, and impose appropriate discipline on the wrongdoers. Discipline would vary depending on the facts and circumstances, and may include, without limitation, (1)&nbsp;termination of employment,
(2)&nbsp;initiation of an action for breach of fiduciary duty, and/or (3)&nbsp;if the misconduct resulted in a significant restatement of the Company&rsquo;s financial results, seeking reimbursement of any portion of performance-based or incentive compensation paid or awarded to the executive that is greater than would have been paid or awarded if calculated based on the restated financial results. These remedies would be in addition to, and not in lieu of, any actions imposed by
law enforcement agencies, regulators or other authorities.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee-approved forms of the Company&rsquo;s stock option and restricted stock award agreements provide for the recoupment of a portion of share-based compensation paid to executive officers, plus interest, upon the restatement of financial results if such were to occur. In order to recoup such funds, the gain on the award must be at least in part attributable to the
achievement of certain financial results that were subsequently the subject of restatement, the person engaged in fraud or intentional misconduct that is a substantial contributing cause to the need for such restatement and the gain based upon the restated results must be lower than the gain based on the reported results. The terms of the recoupment provision shall apply to award grants in fiscal 2008 and thereafter unless such forms are subsequently modified. The Annual Incentive
Program includes a comparable recoupment provision, and the Committee currently intends to include similar recoupment provisions in its compensation plans, programs and agreements in the future.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Tax and Accounting Implications</font></b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Deductibility of Executive Compensation</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Committee has reviewed the Company&rsquo;s compensation programs and policies in light of Section&nbsp;162(m) of the Code, which states that annual compensation in excess of $1&nbsp;million paid to the Company&rsquo;s Chief Executive Officer and the three other highest compensated executive officers is not deductible by the Company for federal income tax purposes, subject to
specified exemptions (the most significant of which is certain performance-based compensation). Amounts payable under the Annual Incentive Program, approved by the stockholders at the 2007 Annual Meeting of Stockholders, may qualify as performance-based compensation in accordance with Section 162(m). Share-based awards </font></p>



<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>23</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0in; TEXT-ALIGN: left"><font size="2">
granted under the 2006 Stock Incentive Plan also may qualify as performance-based compensation. To maintain flexibility in compensating the Company&rsquo;s executive
officers to meet a variety of objectives, the Committee does not have a policy that all executive compensation must be tax-deductible. The Committee intends to continue to review the application of Section 162(m) with respect to any future compensation arrangements considered by the Company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Nonqualified Deferred Compensation</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Section 409A of the Code generally provides that, unless certain requirements are met, amounts deferred under nonqualified deferred compensation arrangements will be included in an employee&rsquo;s income to the extent such deferred compensation is not subject to a substantial risk of forfeiture. These amounts would also be subject to income and payroll withholding tax penalties and
interest to the extent such taxes were not timely paid or withheld.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company believes that all of its employment and severance arrangements and benefit plans are or will be intended to meet the requirements of Section 409A to allow for deferral without immediate taxation, penalty or interest.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Accounting for Stock-Based Compensation</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 27pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Effective July 1, 2005, the Company adopted FAS&nbsp;123(R), &ldquo;Share-Based Payment,&rdquo; which requires all share-based compensation to be recognized as an expense in the Company&rsquo;s financial statements over the requisite service period based on the grant-date fair value of the award. See Note 3 of the Summary Compensation Table for further information.</font></p>

<a NAME="TOC8A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">COMPENSATION COMMITTEE REPORT</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Compensation Committee of the Company has reviewed and discussed the Compensation Discussion and Analysis (CD&amp;A) in this proxy statement with management, including the Chief Executive Officer. Based on such review and discussion, the Compensation Committee recommended to the Board of Directors that the CD&amp;A be included in the Company&rsquo;s Annual Report on Form 10-K for
the year ended June 30, 2008 and the Proxy Statement for the 2008 Annual Meeting of Stockholders.</font></p>



<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="547" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.5in; PADDING-TOP: 5pt" valign="top" nowrap width="336">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0.5in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 5pt" valign="top" nowrap width="211">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">COMPENSATION COMMITTEE</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="537" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="201">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber, Jr., Chair</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="437" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="101">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="451" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="115">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="473" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 30pt; PADDING-TOP: 0in" valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 30pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 30pt; PADDING-TOP: 0in" valign="top" nowrap width="137">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz</font></p>
</td>
</tr>
</table>
</div>

<a NAME="TOC9A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">None of the members of the Compensation Committee is or has been an officer or an employee of the Company. In addition, during fiscal 2008, none of the Company&rsquo;s executive officers served on the board of directors or compensation committee (or committee performing equivalent functions) of any other company that had one or more executive officers serving on the Company&rsquo;s
Compensation Committee.</font></p>


<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>24</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<a NAME="TOC10A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">EXECUTIVE COMPENSATION TABLES</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.01in; TEXT-ALIGN: center"><b><font size="2">Summary Compensation Table</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The table below lists the total compensation of our named executive officers in fiscal years 2008 and 2007.</font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="650">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="140">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Name and</font><br>
<font size="1">Principal Position</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="52">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Year<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="52">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Salary</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Bonus</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" align="right" width="52">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Stock<br>
Awards</font><br>
<font size="1">($)<sup>(2)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="52">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Option<br>
Awards</font><br>
<font size="1">($)<sup>(3)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Non-Equity Incentive Plan Compensation<br>
($)<sup>(4)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">All Other Compensation</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" align="right" width="55">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="1">Total</font></b><br>
<b><font size="1">($)</font></b></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Mark D. Morelli</font><br>
<font size="1">President and Chief<br>
Executive Officer<sup>(5)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">389,430</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 7pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">400,000</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1"><sup>(6)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">992,192</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">595,186</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="46">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">138,100</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt" align="center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 13pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(6)</sup></font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt" align="right"><font size="1">105,419</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 19.5pt" align="left"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1"><sup>(7)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,620,327</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 6pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Jay B. Knoll</font><br>
<font size="1">Senior Vice President,<br>
General Counsel and Chief Administrative Officer</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">294,529</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">275,017</font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">100,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">59,976</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,668</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">31,360</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">82,183</font></p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="46">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4.5pt"><font size="1">221,000</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt" align="center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 19.5pt" align="left"><font size="1">_</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 19.5pt" align="left"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">606,865</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">466,869</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Subhendu Guha</font><br>
<font size="1">Senior Vice President,<br>
Photovoltaic Technology</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">296,154</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">278,576</font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">54,158</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,550</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">882</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">15,310</font></p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="46">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4.5pt"><font size="1">177,700</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt" align="center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">30,642</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">10,134</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1"><sup>(8)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">516,928</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">358,178</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Sanjeev Kumar</font><br>
<font size="1">Former Vice President and</font><br>
<font size="1">Chief Financial Officer<sup>(9)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300,019</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">300,019</font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">120,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">59,976</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,668</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">94,081</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">246,548</font></p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="46">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4.5pt"><font size="1">225,000</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt" align="center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">9,462</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">40,852</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><sup><font size="1">(10)</font></sup></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">688,538</font></p>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">717,087</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Robert C. Stempel</font><br>
<font size="1">Former Chief<br>
Executive Officer<sup>(11)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">64,003</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">375,003</font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_&nbsp;&nbsp;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">66,073</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">101,655</font></p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="center" width="46">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt"><font size="1">_</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">750,000</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 19.5pt" align="left"><font size="1">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font face="Times New Roman, Times, serif" size="1"><sup>(11)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">880,076</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">476,658</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="140">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Nancy M. Bacon</font><br>
<font size="1">Former Senior Vice <br>
President<sup>(12)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">306,943</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50,000</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 20.25pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center"><font size="1">_</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 10pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 7pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="52">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">882</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="center" width="46">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt"><font size="1">_</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 4pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 9pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="9">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 3pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="35">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="1">118,152</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 0pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="left" width="15">
<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font face="Times New Roman, Times, serif" size="1"><sup>(13)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 12pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" align="right" width="55">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">475,977</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>
</table>


</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Fiscal Year: July 1 &ndash; June 30.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The awards in this column reflect restricted stock awards and units granted in fiscal years 2008 and 2007 under the 2006 Stock Incentive Plan. Holders of restricted stock awards have voting and dividend rights during the restricted period.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0.3in; TEXT-ALIGN: left"><font size="2">The amounts in this column represent the expense recognized for financial statement reporting purposes in fiscal 2008 in accordance with FAS&nbsp;123(R) and, therefore, includes amounts for awards granted prior to fiscal 2008. The expense for each restricted stock award is based on the closing price of ECD common stock on the date of grant and the applicable vesting
schedule.</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amounts in this column represent the expense recognized for financial statement reporting purposes in fiscal 2008 in accordance with FAS&nbsp;123(R) (although estimates for forfeitures related to service-based conditions are disregarded) and, therefore, include amounts for stock options granted prior to fiscal 2008. For information on valuation
assumptions used in the calculation of options granted in fiscal 2008, refer to Note A in the notes to consolidated financial statements included in the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June 30, 2008.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>25</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(4)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amounts shown reflect awards earned by certain named executives under the Annual Incentive Plan in fiscal year 2008 (see &ldquo;Compensation Discussion and Analysis &ndash; Components of Compensation &ndash; Annual Cash Bonus&rdquo; for further information).</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(5)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Morelli was appointed ECD&rsquo;s President and Chief Executive Officer effective September 1, 2007.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(6)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount shown reflects $100,000 signing bonus and $300,000 which was guaranteed under the Company&rsquo;s Annual Incentive Plan pursuant to the terms of the offer letter between Mr. Morelli and the Company. The actual amount earned under the Company&rsquo;s Annual Incentive Plan was $438,100.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(7)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount shown represents $101,711 in relocation expenses paid by the Company under its executive relocation assistance program and $3,708 of matching contribution under the Company&rsquo;s 401(k) plan during fiscal 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(8)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount shown includes $11,923 in unused vacation payout, $10,373 in matching contribution under the Company&rsquo;s 401(k) plan during fiscal year 2008 and $8,346 in unused sick-day payout. In calendar year 2008, the Company notified employees that it is eliminating the practice of cash payouts related to unused vacation and sick days to active
employees.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(9)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Kumar left ECD effective August 31, 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(10)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount shown reflects the matching contribution under the Company&rsquo;s 401(k) plan during fiscal year 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(11)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Stempel retired as ECD&rsquo;s Chief Executive Office effective August 31, 2007. ECD paid Mr. Stempel a lump sum of $750,000 in lieu of the compensation to which he would have otherwise been entitled in connection with his continued employment through September 30, 2010 as provided in the Executive Employment Agreement dated as of January 15, 1999
between ECD and Mr. Stempel, which was terminated as of August&nbsp;31, 2007.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(12)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mrs. Bacon retired effective March 31, 2008.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(13)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount shown reflects $111,065 of unused vacation payout upon Mrs. Bacon&rsquo;s retirement and $7,087 of matching contribution under the Company&rsquo;s 401(k) plan during fiscal 2008.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>26</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC12A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.38in; TEXT-ALIGN: center"><b><font size="2">Grants of Plan-Based Awards in Fiscal 2008</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table presents information on plan-based awards granted to the named executive officers in fiscal 2008.</font></p>

<div style="WIDTH: 700px" align="LEFT">



<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="665">
<tr style="HEIGHT: 42.95pt">
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: silver 1pt solid; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="48" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="48" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;Award</font><br>
<font size="1">&nbsp;Type</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="48" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">&nbsp;Grant</font><br>
<font size="1">&nbsp;Date</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; HEIGHT: 42.95pt" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><font size="1">Estimated Future Payouts Under<br>
</font><u><font size="1">Non-Equity Incentive Plan Awards</font></u></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; HEIGHT: 42.95pt" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt" align="center"><font size="1">Estimated Future Payouts Under<br>
</font><u><font size="1">Equity Incentive Plan Awards</font></u></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="50" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">All Other Awards: Number of Shares of Stock or Units</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="54" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">All Other Awards: Number of Securities Underlying Options<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="47" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Exercise Price of Option Awards</font><br>
<font size="1">($/Sh)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 42.95pt" valign="bottom" width="73" rowspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Grant Date Fair Value<br>
of Stock</font><br>
<font size="1">and Option Awards</font><br>
<font size="1">($)</font></p>
</td>
</tr>

<tr style="HEIGHT: 1pt">
<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="45">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Threshold</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="44">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Target</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="58">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Maximum</font><br>
<font size="1">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="45">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Threshold</font><br>
<font size="1">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="45">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Target</font><br>
<font size="1">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double; HEIGHT: 1pt" valign="bottom" width="47">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Maximum</font><br>
<font size="1">(#)</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Mark D.</font><br>
<font size="1">Morelli</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Annual Incentive</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">9/1/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt" align="right"><font size="1">138,100<sup>(2)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Restricted Stock</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">9/1/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">30,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">777,300<sup>(3)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Restricted Stock Units</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">6/30/2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,500</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">184,100<sup>(4)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Restricted Stock Units</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">9/1/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">30,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">777,300<sup>(5)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Stock Options</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">9/1/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">75,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">25.91</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,209,740<sup>(6)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Stock Options</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">6/30/2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">9,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">73.64</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">408,442<sup>(7)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Jay B.</font><br>
<font size="1">Knoll</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Annual Incentive</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">7/24/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">73,667</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">147,333</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">221,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Subhendu</font><br>
<font size="1">Guha</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Annual Incentive</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">7/24/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">59,233</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">118,467</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">177,700</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Restricted Stock</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">5/12/2008</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">258,100<sup>(8)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Sanjeev</font><br>
<font size="1">Kumar</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Annual Incentive</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">7/24/2007</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">75,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">150,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">225,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Robert C. Stempel<sup>(9)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Nancy M. Bacon<sup>(9)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="48">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="44">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="58">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="45">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="50">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="54">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="47">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: medium none; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0.05in; BORDER-LEFT: medium none; PADDING-TOP: 0.05in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="73">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>
</table>




</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 2pt" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">This column shows the number of stock options granted, which will vest and become exercisable 40% one year after grant and 20% each year thereafter.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 2pt" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The actual amount earned under the Company&rsquo;s Annual Incentive Plan was $438,100 (see footnote 6 to Summary Compensation Table).</font></p>
</td>
</tr>
</table>
</div>


<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">On July 24, 2007, the Compensation Committee and the Board of Directors approved the grant of 30,000 shares of restricted stock awards under the 2006 Stock Incentive Plan to Mr. Morelli effective September 1, 2007, the date he was named ECD&rsquo;s President and Chief Executive Officer. See &ldquo;Compensation Discussion
and Analysis&mdash;</font> <i><font size="2">Fiscal 2008 Personnel Events &ndash; Hiring of Mark D. Morelli as President and Chief Executive Officer</font></i><font size="2">&rdquo; for a description of the material terms of the restricted stock awards. The grant-date fair value of each restricted stock award is calculated in accordance with FAS&nbsp;123(R) and is equal to the
closing price of ECD common stock on Nasdaq on the grant date, which was $25.91.
</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(4)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount consists of restricted stock units granted under the Company&rsquo;s 2006 Stock Incentive Plan. The restricted stock units (RSUs) settle on a one-for-one basis in shares of ECD common stock and vest on June 30, 2011, subject to early vesting in accordance with the terms of the 2006 Stock Incentive Plan or the Executive Severance Plan, as
applicable. See &ldquo;Compensation Discussion and Analysis&mdash;</font> <i><font size="2">Fiscal 2008 Personnel Events &ndash; Hiring of Mark D. Morelli as President and Chief Executive Office</font></i><font size="2">&rdquo; for a description of the
</font></p>
</td>
</tr>
</table>
</div>

<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>27</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>



<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">
material terms of the restricted stock units. The grant-date fair value of each RSU is calculated in accordance with FAS&nbsp;123(R) and is equal to the closing price of ECD common stock on Nasdaq on the grant date,
which was $73.64.
</font></p>
</td>
</tr>
</table>
</div>


<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(5)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">On July 24, 2007, the Compensation Committee and the Board of Directors approved the grant of 30,000 performance-based RSUs under the 2006 Stock Incentive Plan to Mr. Morelli effective September 1, 2007, the date he joined the Company as President and Chief Executive Officer. The shares vested on June 9, 2008 when the price of ECD common stock met the
applicable vesting requirement (i.e., the Company&rsquo;s stock traded at or above $50 per share for 20 consecutive trading days within three years of the grant date). The grant-date fair value of each RSU is calculated in accordance with FAS&nbsp;123(R) and is equal to the closing price of ECD common stock on Nasdaq on the grant date, which was $25.91.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(6)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">On July 24, 2007, the Compensation Committee and the Board of Directors approved the grant of a stock option to purchase 75,000 shares of ECD common stock under the 2006 Stock Incentive Plan to Mr. Morelli effective September 1, 2007, the date he joined the Company as President and Chief Executive Officer. The grant-date fair value of each option is
calculated in accordance with FAS&nbsp;123(R) and is equal to the closing price of ECD common stock on Nasdaq on the grant date, which was $25.91.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(7)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amount consists of stock option to purchase 9,000 shares of ECD common stock granted under the 2006 Stock Incentive Plan. The grant date fair value of each option is calculated in accordance with FAS123(R) and is equal to the closing price of ECD common stock on Nasdaq on the grant date, which was $73.64.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(8)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">On May 2, 2008, the Compensation Committee approved the grant of 5,000 restricted stock awards to Dr. Guha upon his signing a severance agreement pursuant to the Company&rsquo;s Executive Severance. Dr. Guha signed the severance agreement, which contains certain restrictive covenants, on May 12, 2008. The grant-date fair value of each restricted stock
award is calculated in accordance with FAS&nbsp;123(R) and is equal to the closing price of ECD common stock on Nasdaq on the grant date, which was $51.62.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="36">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(9)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Stempel and Mrs. Bacon did not receive any equity-based awards in fiscal 2008.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>28</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC13A"></a>

<p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 10pt; MARGIN-LEFT: 0.38in; TEXT-INDENT: -0.38in; TEXT-ALIGN: center"><b><font size="2">Outstanding Equity Awards at June 30, 2008</font></b></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 17pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table provides information on the specified holdings of stock options and stock awards by the named executive officers as of June 30, 2008.</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="650">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: silver 1pt solid; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" rowspan="2">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="4">
<p style="MARGIN: 1pt 0in; TEXT-INDENT: 1.5in; TEXT-ALIGN: left" align="left"><font size="2">Option Awards</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="top" width="8" rowspan="2"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="3">
<p style="MARGIN: 1pt 0in; TEXT-INDENT: 28.5pt; TEXT-ALIGN: left" align="left"><font size="2">Stock Awards</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Number of Securities</font><br>
<font size="2">Underlying Unexercised</font><br>
<font size="2">Options</font><br>
<font size="2">(#) Exercisable</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 1pt -0.05in 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Number of Securities</font><br>
<font size="2">Underlying Unexercised Options</font><br>
<font size="2">(#) Unexercisable</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Option</font><br>
<font size="2">Exercise</font><br>
<font size="2">Price</font><br>
<font size="2">($)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Option</font><br>
<font size="2">Expiration</font><br>
<font size="2">Date</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Number of Shares or</font><br>
<font size="2">Units of Stock that Have Not Vested</font><br>
<font size="2">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">Market Value of Shares or</font><br>
<font size="2">Units of Stock that Have Not Vested</font><br>
<font size="2">($)<sup>(1)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top" width="120">
<p style="MARGIN: 5pt 0in 0in 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Mark D. Morelli</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="97">
<p style="MARGIN-TOP: 5pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="103">
<p style="MARGIN: 5pt 23.75pt 0in 0in; TEXT-ALIGN: right" align="right"><font size="2">75,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="75">
<p style="MARGIN: 5pt 15pt 0in 0in; TEXT-ALIGN: right" align="right"><font size="2">25.91</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="75">
<p style="MARGIN: 5pt 8pt 0in 0in; TEXT-ALIGN: right" align="right"><font size="2">9/1/2017</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td valign="top" width="62">
<p style="MARGIN-TOP: 5pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">30,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="18">
<p style="MARGIN-TOP: 2pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(2)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="85">
<p style="MARGIN: 5pt 9pt 0in 0in; TEXT-ALIGN: right" align="right"><font size="2">2,209,200</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 4pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 4pt 0in; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="middle">
<p style="MARGIN: 1pt 23.75pt 4pt 0in; TEXT-ALIGN: right" align="right"><font size="2">9,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="middle">
<p style="MARGIN: 1pt 15pt 4pt 0in; TEXT-ALIGN: right" align="right"><font size="2">73.64</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="middle">
<p style="MARGIN: 1pt 8pt 4pt 0in; TEXT-ALIGN: right" align="right"><font size="2">6/30/2018</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-BOTTOM: silver 1pt solid" valign="middle" width="62">
<p style="MARGIN: 1pt 0in 4pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">2,500</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="18">
<p style="MARGIN: 1pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(3)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="middle">
<p style="MARGIN: 1pt 9pt 4pt 0in; TEXT-ALIGN: right" align="right"><font size="2">184,100</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 0in 6pt 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 21.7pt 6pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">3,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 23.75pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">2,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 15pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">42.60</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 8pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">6/5/2016</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-BOTTOM: silver 1pt solid" valign="top" width="62">
<p style="MARGIN: 5pt 0in 6pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">5,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="18">
<p style="MARGIN: 2pt 0in 6pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(4)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 9pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">368,200</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 0in 6pt 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 21.7pt 6pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">2,500</font><br>
<font size="2">6,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 0in 6pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 15pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">10.40</font><br>
<font size="2">16.75</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 8pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">11/8/2012</font><br>
<font size="2">1/26/2015</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-BOTTOM: silver 1pt solid" valign="top" width="62">
<p style="MARGIN: 5pt 0in 6pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">5,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="18">
<p style="MARGIN: 2pt 0in 6pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(5)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 9pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">368,200</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 0in 6pt 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Sanjeev Kumar</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 21.7pt 6pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">9,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 23.75pt 6pt 0in; TEXT-INDENT: 24.75pt; TEXT-ALIGN: right" align="right"><font size="2">6,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 15pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">42.60</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 8pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">6/5/2016</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-BOTTOM: silver 1pt solid" valign="top" width="62">
<p style="MARGIN: 5pt 0in 6pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">5,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="18">
<p style="MARGIN: 2pt 0in 6pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(4)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 5pt 9pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">368,200</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 2pt 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Robert C. Stempel</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 21.7pt 2pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">90,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 2pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 15pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">10.688</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 8pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">1/15/2009</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td valign="top" width="62">
<p style="MARGIN: 4pt 0in 2pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">246,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="18">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(6)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 9pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">18,115,440</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 2pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">100,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 15pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">22.625</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 8pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">3/14/2011</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0.1in 2pt 0in; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 2pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">25,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 15pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">23.36</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 8pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">7/31/2011</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0.1in 2pt 0in; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 2pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">40,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 15pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">10.40</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 8pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">11/8/2012</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 1pt 0in 2pt">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 2pt; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 6pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 6pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">6,056</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 6pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 15pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">42.72</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 8pt 6pt 0in; TEXT-ALIGN: right" align="right"><font size="2">5/18/2016</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 1pt 0in 6pt; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 6pt; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 2pt 0.05in; TEXT-ALIGN: left" align="left"><font size="2">Nancy M. Bacon</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 21.7pt 2pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">48,500</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 2pt; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 15pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">22.625</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 8pt 2pt 0in; TEXT-ALIGN: right" align="right"><font size="2">3/14/2011</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in 2pt; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 2pt; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in 1pt 0.05in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 21.7pt 1pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">12,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 15pt 1pt 0in; TEXT-ALIGN: right" align="right"><font size="2">23.36</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 8pt 1pt 0in; TEXT-ALIGN: right" align="right"><font size="2">7/31/2011</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" width="8"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font> </td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 1pt 0in; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Based upon the closing price of ECD common stock on Nasdaq on June 30, 2008, the last trading day of fiscal 2008, which was $73.64.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The restricted stock awards were granted on September 1, 2007 and will vest in full on September 1, 2010, subject to continued employment.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The restricted stock units were granted on June 30, 2008 and settle on a one-for-one basis in shares of ECD common stock and vest on June 30, 2011, subject to continued employment.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(4)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The restricted stock awards were granted on May 2, 2007 and will vest in full on May 2, 2010, subject to continued employment.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(5)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The restricted stock awards were granted on May 12, 2008 and will vest in full on May 12, 2011, subject to continued employment.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(6)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The restricted stocks vest in quarterly installments of 23,000 shares on the first day of each quarter and will vest fully upon the occurrence of a change in control.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>29</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC14A"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">Option Exercises and Stock Vested in Fiscal 2008</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table provides information on stock option exercises by and the vesting of stock awards of the named executive officers during fiscal 2008.</font></p>

<div align="CENTER">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="570">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" rowspan="2">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Option Awards</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt" valign="top">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="4">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Stock Awards</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Number of</font><br>
<font size="2">Shares&nbsp;Acquired</font> <font size="2">on Exercise</font><br>
<font size="2">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Value Realized</font><br>
<font size="2">on Exercise</font><br>
<font size="2">($)<sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="top">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Number of</font><br>
<font size="2">Shares&nbsp;Acquired</font> <font size="2">on Vesting</font><br>
<font size="2">(#)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">Value Realized</font><br>
<font size="2">on Vesting</font><br>
<font size="2">($)</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="150">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2">Mark D. Morelli</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="97">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="97">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="9">
<p style="MARGIN: 6pt 0in 4pt; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="70">
<p style="MARGIN: 6pt 0in 4pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">30,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="34">
<p style="MARGIN: 3pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(2)</sup></font></p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="70">
<p style="MARGIN: 6pt 0in 4pt; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">1,960,800</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="34">
<p style="MARGIN: 3pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(2)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left"><font size="2">Sanjeev Kumar</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="2">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: center" align="center"><font size="2">_</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left"><font size="2">Robert C. Stempel</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 25.5pt; TEXT-ALIGN: left" align="left"><font size="2">90,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 21.75pt; TEXT-ALIGN: left" align="left"><font size="2">2,563,157</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">92,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="34">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">2,716,300</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 2pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>(3)</sup></font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 1pt; TEXT-ALIGN: left" align="left"><font size="2">Nancy M. Bacon</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 1pt; TEXT-INDENT: 25.5pt; TEXT-ALIGN: left" align="left"><font size="2">33,500</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in 1pt; TEXT-INDENT: 21.75pt; TEXT-ALIGN: left" align="left"><font size="2">1,157,781</font></p>
</td>


<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: right" align="right">&nbsp;</p>
</td>




<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">&nbsp;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top" width="34">
<p style="MARGIN: 4pt 0in; TEXT-ALIGN: left" align="left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 1.45pt; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 4pt 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right" align="right"><font size="2">&nbsp;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 1.45pt; BORDER-TOP: medium none; PADDING-LEFT: 1.45pt; PADDING-BOTTOM: 1.45pt; BORDER-LEFT: medium none; PADDING-TOP: 1.45pt; BORDER-BOTTOM: silver 1pt solid" valign="top">
<p style="MARGIN: 2pt 0in 4pt; TEXT-ALIGN: left" align="left"><font size="2"><sup>&nbsp;</sup></font></p>
</td>

</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 39pt; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="630" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" nowrap width="52">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" nowrap width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" nowrap width="265">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The value realized excludes withholding taxes.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" nowrap width="52">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mr. Morelli&rsquo;s 30,000 performance-based shares became vested on June 9, 2008, according with their terms, upon the average closing price of ECD common stock on Nasdaq exceeding $50.00 per share (representing approximately 93% premium over the grant date price of $25.91) for 20 consecutive trading days (see &ldquo;Compensation Discussion and
Analysis&mdash;Executive Compensation Policies and Practices&mdash;Components of Compensation&mdash;</font><i><font size="2">Long-Term Incentives</font></i><font size="2">&rdquo; for a description of the restricted stock awards). The value realized on vesting is based on the market price of $65.36 per share on June 9, 2008. The Company withheld 11,245 shares to pay applicable income and payroll withholding taxes.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" nowrap width="52">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The value realized is based on the number of restricted shares which vest in quarterly installments of 23,000 on the first day of each quarter, multiplied by the closing price of ECD common stock on the vest date.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>30</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC15A"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following section describes potential payments and benefits to the named executive officers under the Company&rsquo;s compensation and benefit plans and arrangements upon termination of employment or a change in control of the Company as of June 30, 2008.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In addition, certain of the Company&rsquo;s benefit plans and arrangements contain provisions regarding acceleration of vesting and payment upon specified termination events. See &ldquo;&mdash;Company Share-Based Plans&rdquo; below.</font></p>

<a NAME="TOC16A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><b><font size="2">Company Share-Based Plans</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">As of fiscal year end 2008, the Company&rsquo;s named executive officers held equity awards issued under the Energy Conversion Devices, Inc. 1995 Non-Qualified Stock Option Plan (1995 Plan), the 2000 Non-Qualified Stock Option Plan (2000 Plan) and the Energy Conversion Devices, Inc. 2006 Stock Incentive Plan (2006 Plan).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Under the 1995 Plan, if an employee ceases to be engaged in performing services for the Company for any reason, the stock options shall terminate on the earlier of the fixed termination date set forth in the option or, unless otherwise determined by the Compensation Committee, one year after such termination of services. Under the 2006 Plan, the Compensation Committee shall determine
the effect of termination of employment upon equity awards. The termination provisions applicable to such equity awards outstanding at fiscal year end 2008 are as detailed below.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><i><b><font size="2">Stock Options</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">If an employee&rsquo;s continuous service is terminated for any reason other than death, disability or for cause:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">any outstanding stock options that are exercisable as of the employee&rsquo;s termination date may be exercised until the earlier of (1) 90 days under the 2000 Plan or 6 months under the 2006 Plan following such termination or such date determined by the Compensation Committee in its sole discretion and (2) the expiration of the term of the stock
option; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">any outstanding stock options that are not exercisable as of the employee&rsquo;s termination date will be terminated.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If an employee&rsquo;s continuous service is terminated for cause, as determined in the sole discretion of the Compensation Committee:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">all outstanding stock options will be terminated; however, under the 2006 Plan, the Compensation Committee, in its sole discretion, may permit the exercises of stock options until the earlier of 30 days following such termination and the expiration of the term of the stock option; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">if the employee has delivered a notice to exercise any outstanding stock options prior to the employee&rsquo;s termination date but the corresponding shares of ECD
common stock have not been delivered, the Company is not obligated to deliver the corresponding shares.
</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">If an employee&rsquo;s continuous service is terminated due to death or disability, all outstanding stock options will vest and be exercisable until the earlier of:</font></p>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>31</FONT></P>

<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>


<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">12 months following the date of the employee&rsquo;s termination or such date determined by the Compensation Committee in its sole discretion; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap >
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the expiration of the term of the stock option.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Restricted Stock</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">All unvested restricted shares will be forfeited upon the termination of employment for any reason. Notwithstanding the foregoing, the Compensation Committee, in its sole discretion, may fully vest such restricted shares or provide for different treatment upon termination of employment based on the reason of such termination if it determines that different treatment would be in the
best interest of the Company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Equity Award Treatment Upon a Change in Control</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Currently, upon a change in control, all options and restricted stock awards shall vest and the Compensation Committee has the discretion to determine whether and to what extent an award holder will receive, in exchange for the options and restricted stock awards, a cash payment or a substitute equity award of the acquiring company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Company will be deemed to undergo a &ldquo;change in control&rdquo; in the event of certain acquisitions of 40% or more of the Company&rsquo;s common stock, a change in a majority of the Board of Directors, the consummation of a reorganization, merger or consolidation or sale or disposition of all or substantially all of the Company&rsquo;s assets (unless, among other conditions,
the Company&rsquo;s stockholders receive 60% or more of the stock of, and voting power in, the surviving company), or the consummation of the Company&rsquo;s complete liquidation or dissolution.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><i><b><font size="2">Severance Agreements of Sanjeev Kumar and Jay B. Knoll</font></b></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Messrs. Kumar and Knoll entered into severance agreements with the Company as of June 5, 2006. These severance agreements are as detailed starting on page 31 of the Company&rsquo;s proxy filed October 29, 2007. Neither Mr. Kumar nor Mr. Knoll is still covered by these severance agreements.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In July 2008, Mr. Knoll elected to opt out of his June 5, 2006 severance agreement, which the company desired to obtain restrictive covenants from Mr. Knoll as well as to ensure consistent treatment of executives upon termination of employment. Mr. Knoll is now covered by the Company&rsquo;s Executive Severance Plan which provides substantially similar benefits to his 2006 severance
agreement. For further information, see &ldquo;Compensation Discussion and Analysis &ndash; Post-Employment Benefits.&rdquo;</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In connection with his departure from the Company effective August 31, 2008 and substantially consistent with his 2006 severance agreement, Mr. Kumar and the Company entered into an agreement captioned Revised Separation Agreement and Complete Release of Liability (the &ldquo;Separation
Agreement&rdquo;). See &ldquo;Compensation Discussion and Analysis &ndash; Subsequent Personnel Events&rdquo; for the terms of Mr. Kumar&rsquo;s Separation Agreement.
</font></p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>32</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<a NAME="TOC17A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><b><font size="2">Change in Control/Severance Payment Table</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following table estimates the potential payments and benefits to the named executive officers upon termination of employment or a change in control, assuming such event occurs on
June 30, 2008. These estimates do not reflect the actual amounts that would be paid to such persons, the amounts of which would only be known at the time the persons become eligible for payment and would be payable only if the specified event occurs. For information on payments to Mr. Stempel and Mrs. Bacon upon their retirement and to Mr. Kumar upon his resignation, see the &ldquo;Compensation
Discussion and Analysis &ndash; Fiscal 2008 Personnel Events and Subsequent Personnel Events.&rdquo;</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The table assumes the acceleration of all share-based awards as of June 30, 2008, except in respect of termination for cause or resignation without good reason, and reflects the intrinsic value of such acceleration, which is (1) for each unvested stock option, $73.64 less the exercise price, and (2) for each unvested share of restricted stock, $73.64, which represents the closing
price of ECD common stock on Nasdaq on June 30, 2008, the last trading day of fiscal 2008.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The following items are not reflected in the table set forth below:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="381" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="304">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Accrued and unpaid salary, bonus and vacation.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="252" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="175">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vested stock option gains.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Costs of COBRA or any other mandated governmental assistance program to former employees.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="403" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="325">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Welfare benefits provided to all salaried employees.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="427" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="349">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Amounts outstanding under the Company&rsquo;s 401(k) plan.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Disability insurance proceeds and term life insurance proceeds, excluding any supplemental benefits with premiums paid solely by the employee, which would be in the following amounts:</font></p>
</td>
</tr>
</table>
</div>

<div align="center">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="548">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="3">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Term Life</font><br>
<font size="2">Insurance</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="3">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Accidental Death</font><br>
<font size="2">and Dismemberment</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: silver 2.25pt double; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" colspan="3">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Long-Term</font><br>
<font size="2">Disability<sup>(1)</sup></font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top" WIDTH="182">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<TD STYLE="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="TOP" WIDTH="17">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP" WIDTH="75">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$&nbsp;600,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="TOP" WIDTH="16">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP" WIDTH="30">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP" WIDTH="80">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$ 600,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="TOP" WIDTH="23">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"></p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP" WIDTH="25">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP" WIDTH="70">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$&nbsp;102,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="TOP" WIDTH="25">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="17">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$&nbsp;600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="16">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$ 600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="23">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 102,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="25">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="17">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$&nbsp;600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="16">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$ 600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="23">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 102,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="25">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Sanjeev Kumar</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="17">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$&nbsp;600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="16">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$ 600,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="23">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="padding-right:5.4pt; padding-left:5.4pt; padding-bottom:0in; padding-top:0in; border-bottom:silver 1pt solid;" VALIGN="TOP">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 102,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="top" width="25">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.7in; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top" width="68">
<p style="MARGIN: 2pt 0in 0in; TEXT-INDENT: 0in">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top" width="26">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">The amounts in this column would be paid on an annual basis to the participant. The Company&rsquo;s plan provides for monthly payments, with a maximum of $8,500 per month, equal to 60% of gross monthly earnings.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>33</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<a NAME="TOC18A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><b><font size="2">NAMED EXECUTIVE OFFICERS</font></b></p>

<div align="left">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="650">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="292">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: center"><b><font size="2">Named Executive Officer<sup>(1)</sup></font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="70">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Cash Severance</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="70">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Share-Based Awards</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="67">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Miscellaneous</font></b><br>
<b><font size="2">Health</font></b><font size="2">&nbsp;</font><b><font size="2">Benefits</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="75">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Excise Tax Gross Up</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM" WIDTH="75">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">Total</font></b></p>
</td>
</tr>

<tr height="28">
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><b><font size="2">Mark D. Morelli</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Retirement</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr height="17">
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Death</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">$&nbsp;&nbsp;3,579,750</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt; TEXT-ALIGN: right"><font size="2">$&nbsp;&nbsp;&nbsp;3,579,750</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Disability</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt"><font size="2">$&nbsp;&nbsp;3,579,750</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;3,579,750</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company for Cause or by Executive without Good Reason</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (pre-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;1,575,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt"><font size="2">$&nbsp;&nbsp;3,579,750</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;5,172,750</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Change in Control</font><br>
<font size="2">(no termination)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt"><font size="2">$&nbsp;&nbsp;5,973,050</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;5,973,050</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (post-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;2,362,500</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt"><font size="2">$&nbsp;&nbsp;5,973,050</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;1,680,208</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;10,033,758</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: justify"><b><font size="2">Jay B. Knoll<sup>(2)</sup></font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Retirement</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr height="17">
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Death</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,080</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,080</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Disability</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,080</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,080</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company for Cause or by Executive without Good Reason</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (pre-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,080</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539,080</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Change in Control</font><br>
<font size="2">(no termination)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430,280</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430,280</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (post-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430,280</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907,280</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: justify"><b><font size="2">Subhendu Guha</font></b></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt">&nbsp;</p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Retirement</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Death</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Disability</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company for Cause or by Executive without Good Reason</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (pre-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,800</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443,800</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Change in Control</font><br>
<font size="2">(no termination)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,200</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,200</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">By Company without Cause or by Executive for Good Reason (post-Change in Control)</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434,000</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 2.25pt" align="right"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368,200</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 5.25pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,800</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="center">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" ALIGN="right">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.75pt"><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812,000</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top" width="25">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">For information on payments to Mr.&nbsp;Stempel and Mrs.&nbsp;Bacon upon their retirement and to Mr.&nbsp;Kumar upon his resignation, see the &ldquo;Compensation Discussion and Analysis &ndash; Fiscal 2008 Personnel Events and Subsequent Personnel Events.&rdquo;</font></p>
</td>
</tr>
</table>
</div>

<DIV TITLE="EE+ Page Break" STYLE="page-break-after:always;"></DIV>


<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top" width="25">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Reflects terms under July 2008 arrangements pursuant to the Company&rsquo;s Executive Severance Plan. For further information, see &ldquo;Compensation Discussion and Analysis &ndash; Post-Employment Benefits&rdquo; and &ldquo;Potential Payments Upon Termination or Change in Control &ndash; Severance Agreements of Sanjeev Kumar and Jay B.
Knoll.&rdquo;</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>34</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC19A"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">EQUITY COMPENSATION PLAN</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The following information is set forth with respect to our equity compensation plans at June 30, 2008.</font></p>

<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="100%">
<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: silver 1pt solid; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 2.25pt double" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Plan Category</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Securities to<br>
be Issued Upon Exercise<br>
of Outstanding Options,<br>
Warrants and Rights<br>
(a)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average<br>
Exercise Price of<br>
Outstanding Options,<br>
Warrants and Rights<br>
(b)</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: silver 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Securities Remaining<br>
Available for Future Issuance<br>
Under Equity Compensation<br>
Plans (Excluding Securities<br>
Reflected in Column (a))<br>
(c)</font></p>
</td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: medium none; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="27%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">&nbsp;Equity compensation plans approved by security holders</font></p>
</td>

<TD STYLE="BORDER-RIGHT: 0pt; BORDER-TOP: medium none; BORDER-LEFT: 10pt; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="8%"><font size="2">&nbsp;</font></td>

<TD STYLE="BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="2%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">877,086</font></p>
</td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="8%"><font size="2">&nbsp;<sup>(1)</sup></font></td>

<TD STYLE="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="20%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 22.27&nbsp;<sup>&nbsp;(2)</sup></font></p>
</td>

<TD STYLE="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="11%"><font size="2">&nbsp;</font></td>

<TD STYLE="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM" WIDTH="6%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&nbsp;&nbsp;725,882</font></p>
</td>

<TD STYLE="border-right:silver 1pt solid; border-top:medium none; border-left:medium none; border-bottom:silver 1pt solid;" VALIGN="BOTTOM" WIDTH="11%"><font size="2">&nbsp;</font></td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: medium none; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">&nbsp;Equity compensation plans not approved by security holders</font></p>
</td>

<TD STYLE="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM"><font size="2">&nbsp;</font></td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">90,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" align="left" width="8%"><font size="2"><sup>&nbsp;(3)</sup></font></td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="20%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 10.69<sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</sup></font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="11%"><font size="2">&nbsp;</font></td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1px solid" valign="bottom" width="6%">
<p style="TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>

<TD STYLE="border-right:silver 1pt solid; border-top:medium none; border-left:medium none; border-bottom:silver 1pt solid;" VALIGN="BOTTOM"><font size="2">&nbsp;</font></td>
</tr>

<tr>
<TD STYLE="BORDER-RIGHT: silver 2.25pt double; BORDER-TOP: medium none; BORDER-LEFT: silver 1pt solid; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD STYLE="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" VALIGN="BOTTOM"><font size="2">&nbsp;</font></td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: left"><font size="2">967,086</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="8%"><font size="2">&nbsp;</font></td>

<td style="BORDER-RIGHT: silver 1pt solid; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="20%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">$ 21.19<sup>&nbsp;&nbsp;&nbsp;&nbsp;</sup></font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="11%"><font size="2">&nbsp;</font></td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&nbsp;&nbsp;725,882</font></p>
</td>

<TD STYLE="border-right:silver 1pt solid; border-top:medium none; border-left:medium none; border-bottom:silver 1pt solid;" VALIGN="BOTTOM"><font size="2">&nbsp;</font></td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Includes 2,500 shares issuable upon vesting of restricted stock units (RSUs) that we granted under the 2006 Stock Incentive Plan. The remaining balance consists of outstanding stock option grants.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The weighted average exercise price does not take into account the shares issuable upon vesting of outstanding RSUs, which have no exercise price.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">On January 15, 1999, we entered into a stock option agreement with Robert C. Stempel, pursuant to which he was granted an option to purchase 300,000 shares of ECD common stock at $10.688 per share. The option is not subject to vesting requirement and may be exercised from time to time until the expiration of the option on January 15, 2009.
Mr.&nbsp;Stempel retired as the Company&rsquo;s CEO on August 31, 2007.</font></p>
</td>
</tr>
</table>
</div>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>35</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<a NAME="TOC20A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">OWNERS AND MANAGEMENT</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><b><font size="2">Security Ownership of Certain Beneficial Owners and Management</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Directors and Executive Officers.</font></b> <font size="2">The following table sets forth, as of October 1, 2008, information concerning the beneficial ownership of common stock by each director and executive officer and for all directors and executive officers as a group. Each holder has sole voting and investment power with respect to the securities listed below unless
otherwise indicated.</font></p>

<div align="left">
<table style="MARGIN-LEFT: 6pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="566" border="0">
<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="277">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name of Beneficial Owner</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Amount and Nature of</font><br>
<font size="2">Beneficial&nbsp;Ownership</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; BORDER-TOP: silver 1pt solid; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt double" valign="bottom" width="139">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Percentage of</font><br>
<font size="2">Class</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph A. Avila</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,186</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(1)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Alan E. Barton</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher P. Belden</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,720</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph P. Conroy</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,000</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,776</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(2)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Subhendu Guha</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,500</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(3)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,769</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Jay B. Knoll</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,200</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(4)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,247</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">80,255</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(5)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,468</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(6)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber, Jr.</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,641</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(7)</sup></font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Harry W. Zike</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">&ndash;</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&ndash;</font></p>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: silver 2.25pt double; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; BORDER-LEFT: silver 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="277">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">All directors and executive officers as a <BR>group (13 persons)</font></p>
</td>

<td style="PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="91">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">189,762</font></p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="59">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: silver 1pt solid; PADDING-RIGHT: 0.05in; PADDING-LEFT: 0.05in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 1pt solid" valign="bottom" width="139">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">*</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 10PT; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="564" border="0">
<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: CENTER"><font size="2">&nbsp;&nbsp;&nbsp;*</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Less than 1%.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 2,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 5,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(3)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9.35pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 8,500 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>36</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="564" border="0">
<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(4)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9.35pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 3,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(5)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 30,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(6)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 9.35pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 5,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>

<tr>
<td valign="top" width="29">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(7)</font></p>
</td>

<td valign="top" width="535">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 9.35pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Includes outstanding options to purchase 3,000 shares of common stock which were exercisable as of October 1, 2008 or which become exercisable within 60 days of such date.</font></p>
</td>
</tr>
</table>
</div>

<a NAME="TOC22A"></a>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><b><font size="2">Section 16(a) Beneficial Ownership Reporting Compliance</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Section 16(a) of the Securities Exchange Act of 1934, as amended, requires that the Company&rsquo;s officers and directors and persons who beneficially own more than 10% of a registered class of the Company&rsquo;s equity securities (&ldquo;insiders&rdquo;) to file reports of ownership and changes in ownership of any of the Company&rsquo;s equity securities with the Commission and to
furnish copies of these reports to the Company. Based on the Company&rsquo;s review of the insiders&rsquo; reporting forms furnished to the Company or filed with the Commission, no insider failed to file on a timely basis a Section 16(a) report with respect to any transaction in the Company&rsquo;s equity securities.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>37</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC23A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">TRANSACTIONS WITH RELATED PERSONS</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In accordance with the Nasdaq listing rules, the Audit Committee reviews and oversees any proposed or ongoing related-person transaction to ensure there are no conflicts of interest. The Company&rsquo;s Code of Business Conduct and Ethics requires officers and directors to provide full disclosure of any such transaction to appropriate persons and remove themselves from the related
decision making process. Persons are encouraged to speak with the Company&rsquo;s general counsel if there is any doubt as to whether a transaction could comprise a related-person transaction or otherwise constitute a conflict of interest. Further, the Company&rsquo;s officers and directors are required to complete annual questionnaires in connection with the proxy statement for the annual meeting of stockholders, which includes questions regarding potential and ongoing
related-person transactions.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee does not have a written policy establishing procedures for reviewing and approving related-person transactions. If a related-person transaction is proposed, the Audit Committee reviews such transaction to ensure that the Company&rsquo;s involvement in such transaction is on terms comparable to those that could be obtained in arm&rsquo;s length dealings with an
unrelated third party and is in the best interests of the Company and its stockholders. The Audit Committee did not consider any related-person transactions in fiscal 2008.</font></p>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>38</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC24A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">AUDIT COMMITTEE REPORT</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee is comprised of four directors, all of whom are independent directors as defined under applicable rules of the Commission, Nasdaq and the Company&rsquo;s Corporate Governance Principles.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee oversees the integrity of the Company&rsquo;s financial statements on behalf of the Board of Directors, the adequacy of the Company&rsquo;s systems of internal controls, the Company&rsquo;s compliance with legal and regulatory requirements, the qualifications and independence of the Company&rsquo;s independent registered public accounting firm, and the performance
of the Company&rsquo;s independent registered public accounting firm and the Company&rsquo;s internal audit function. The public accounting firm of Crowe Chizek and Company LLC has been retained to supplement the Company&rsquo;s internal audit function.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 15pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In fulfilling its oversight responsibilities, the Audit Committee has direct responsibility, among other things, for:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">confirming the independence of the Company&rsquo;s independent registered public accounting firm;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">the appointment, compensation and retention of the Company&rsquo;s independent registered public accounting firm;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reviewing the scope of the audit services to be provided by the Company&rsquo;s independent registered public accounting firm, including the adequacy of staffing and compensation;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" nowrap >
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">approving non-audit services;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">overseeing management&rsquo;s relationship with the Company&rsquo;s independent registered public accounting firm;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">overseeing management&rsquo;s implementation and maintenance of effective systems of internal and disclosure controls; and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.2in; PADDING-TOP: 0in" valign="top" nowrap >
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">reviewing the Company&rsquo;s internal audit program.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee reviews the financial reporting process on behalf of the Board. Management has the primary responsibility for the financial statements and the financial reporting process, including the systems of internal controls. The independent registered public accounting firm is responsible for performing an audit in accordance with standards of the United States Public
Company Accounting Oversight Board to obtain reasonable assurance that the consolidated financial statements are free from material misstatement and expressing an opinion on the conformity of the financial statements with accounting principles generally accepted in the United States of America and the effectiveness of the Company&rsquo;s internal control over financial reporting.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">In discharging its oversight responsibility as to the audit process, the Audit Committee obtained from the independent registered public accounting firm a formal written statement describing all relationships between the auditors and the Company that might bear on the auditors&rsquo; independence consistent with Independence Standards Board Standard No. 1, &ldquo;Independence
Discussions with Audit Committees,&rdquo; discussed with the auditors any relationships that may impact their objectivity and independence and satisfied itself as to the auditors&rsquo; independence. The Audit Committee also discussed with management and the independent registered public accounting firm the quality and adequacy of the Company&rsquo;s internal controls and the requirements of the Sarbanes-Oxley Act of 2002.
The Audit Committee discussed with management the process used to support the certifications of the Chief Executive Officer and Chief Financial Officer that are required in periodic reports filed by the
</font></p>



<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>39</FONT></P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2">Company with the Commission. The Audit Committee reviewed with the independent registered public accounting firm their audit plans, audit scope, and identification of audit risks. The Audit Committee engaged the independent registered public accounting firm and approved auditor
services and fees, including audit, audit-related and non-audit fees.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee discussed and reviewed with the independent registered public accounting firm all communications required by generally accepted auditing standards, including those described in Statement on Auditing Standards No. 61, as amended, &ldquo;Communication with Audit Committees,&rdquo; and, with and without management present, discussed and reviewed the results of the
independent registered public accounting firm&rsquo;s examination of the consolidated financial statements.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Audit Committee reviewed with management and the independent registered public accounting firm the audited financial statements as of and for the fiscal year ended June 30, 2008. Management represented to the Audit Committee that the consolidated financial statements were prepared in accordance with generally accepted accounting principles in the United States of America and the
Audit Committee has reviewed and discussed the consolidated financial statements with management, the internal auditor and the independent registered public accounting firm. During fiscal 2008, the Audit Committee met with management and the independent registered public accounting firm and discussed the interim financial information contained in each quarterly earnings report prior to public release.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Based on the above-mentioned reviews and discussions with management and the independent registered public accounting firm, the Audit Committee recommended to the Board of Directors (and the Board agreed) that the audited consolidated financial statements be included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2008, for filing with the Commission.</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="479" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.5in; PADDING-TOP: 10pt" valign="top" nowrap width="336">
<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0.5in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.5in; PADDING-TOP: 10pt" valign="top" nowrap width="143">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">AUDIT COMMITTEE</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="504" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="168">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut, Chair</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="447" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="111">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph A. Avila</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="485" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="149">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher P. Belden</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="499" border="0">
<tr>
<td valign="top" nowrap width="336">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" nowrap width="163">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber, Jr.</font></p>
</td>
</tr>
</table>
</div>


<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>40</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Independent Registered Public Accounting Firm Fees</font></b><font size="2">. The following table presents aggregate fees for professional audit services rendered by Grant Thornton LLP, our independent registered public accounting firm, for the fiscal years ended June 30, 2008 and 2007 and fees billed for other services rendered by Grant Thornton during those periods.</font></p>

<div align="center">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="85%">
<tr style="page-break-inside: avoid">
<TD VALIGN="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Fiscal 2008</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Fiscal 2007</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top" WIDTH="40%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Audit Fees<sup>(1)</sup></font></p>
</td>

<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<TD VALIGN="BOTTOM" WIDTH="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="BOTTOM" WIDTH="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,552,058</font></p>
</td>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="BOTTOM" WIDTH="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">&nbsp;</font></p>
</td>

<TD WIDTH="1%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$</FONT> </TD>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="BOTTOM" WIDTH="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,085,566</font></p>
</td>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="BOTTOM" WIDTH="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Audit-Related Fees<sup>(2)</sup></font></p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: CENTER"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Tax Fees<sup>(3)</sup></font></p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: CENTER"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">All Other Fees<sup>(4)</sup></font></p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="BORDER-BOTTOM: black 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: CENTER"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD  VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<TD STYLE="BORDER-BOTTOM: black 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total Fees</font></p>
</td>

<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>
<TD STYLE="BORDER-BOTTOM: black 2.25pt double" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,552,058</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
<TD STYLE="BORDER-BOTTOM: black 2.25pt double" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>
<TD STYLE="BORDER-BOTTOM: black 2.25pt double" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,085,566</font></p>
</td>
<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.88in; TEXT-ALIGN: left"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="84">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top" width="26">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Audit Fees&nbsp;&mdash; These are fees for professional services performed by Grant Thornton for the audit of our annual financial statements and review of financial statements included in our 10-Q filings, and services that are normally provided in connection with statutory and regulatory filings or engagements.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="84">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="26">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Audit-Related Fees&nbsp;&mdash; These are fees for the assurance and related services performed by Grant Thornton that are reasonably related to the performance of the audit or review of our financial statements.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="84">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top" width="26">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Tax Fees&nbsp;&mdash; These are fees for professional services performed by Grant Thornton with respect to tax compliance, tax advice and tax planning.</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="84">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="26">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(4)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">All Other Fees&nbsp;&mdash; These are fees for permissible work performed by Grant Thornton that does not meet the above categories.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">During fiscal 2008, the Audit Committee approved all audit and services provided to us by Grant Thornton prior to management engaging Grant Thornton for that purpose. The Committee&rsquo;s current practice is to consider for pre-approval annually all audit and non-audit services proposed to be provided by our independent registered public accounting firm for the fiscal year. In
accordance with the Committee&rsquo;s current policy, additional fees related to audit services proposed to be provided within the scope of the approved engagement may be approved by management, so long as the fees for such additional services are consistent with historical experience, and are reported to the Audit Committee at the next regularly scheduled Committee meeting. Additional fees for other proposed audit-related or non-audit services (not within the scope of the approved
engagement) may be considered and, if appropriate, approved by the Chairman of the Audit Committee if such additional fees constitute five percent or less of the approved budget. Otherwise, the Audit Committee must approve all additional audit-related and non-audit services to be performed by the independent registered public accounting firm.</font></p>



<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>41</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC25A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">PROPOSAL NO. 2</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Grant Thornton LLP currently serves as the Company&rsquo;s independent registered public accounting firm. The Audit Committee has appointed Grant Thornton to serve as independent registered public accounting firm to conduct an audit of the Company&rsquo;s consolidated financial statements for the fiscal year ending June&nbsp;30, 2009 and to perform audit-related services. Such
services include review of periodic reports and registration statements filed by the Company with the Commission and consultation in connection with various accounting and financial reporting matters. Grant Thornton may also perform limited non-audit services for the Company.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">The Board of Directors has directed that the appointment of Grant Thornton be submitted to the stockholders for ratification. The affirmative vote of a majority of the votes cast at the annual meeting will be required to ratify such appointment. Although stockholder ratification is not required by law and is not binding on the Company, the Audit Committee will take the appointment of
Grant Thornton under advisement if such appointment is not so ratified.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Representatives of Grant Thornton will be present at the annual meeting and available to respond to appropriate questions. Further, they will be given the opportunity to make a statement if they desire to do so.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE &ldquo;FOR&rdquo; THE RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS THE COMPANY&rsquo;S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2009.</font></b></p>



<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>42</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->

<FONT face="Times New Roman, Times, Serif" size=1>
<A href="#tocmain1"><U><I>Table of Contents</I></U></A></FONT>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>

<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<a NAME="TOC26A"></a>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><b><font size="2">ADDITIONAL INFORMATION</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Cost of Solicitation</font></b><font size="2">. The cost of solicitation will be borne by the Company. In addition to solicitation by mail, directors, officers and other employees of the Company may solicit proxies personally or by telephone or other means of communication. Arrangements will be made with brokerage houses and other custodians, nominees and fiduciaries to forward,
at the expense of the Company, copies of the proxy materials to the beneficial owners of shares held of record by such persons. The Company also intends to hire Morrow &amp; Co., at an anticipated cost of approximately $6,000 plus out-of-pocket expenses, to assist it in the solicitation of proxies personally, by telephone or by other means.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Other Action at the Annual Meeting</font></b><font size="2">. The Company&rsquo;s management and Board, as of the date hereof, do not know of any other matter to be presented which is a proper subject for action by the stockholders at the annual meeting. If any other matters shall properly come before the annual meeting, the shares represented by a properly executed proxy will be
voted in accordance with the judgment of the persons named on the proxy to the extent permitted by applicable law.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Annual Report</font></b><font size="2">. Our Annual Report on Form 10-K for fiscal 2008 has been mailed, along with this proxy statement, to stockholders of record on October 17, 2008. Upon request, the Company will furnish without charge a copy of the Company&rsquo;s Annual Report on Form 10-K, which has been filed with the Commission. Stockholders may request a copy by either
calling Investor Relations at (248)&nbsp;293-0440 or sending us an e-mail at</font> <font color="#0000ff"><font size="2">investor.relations@ovonic.com</font></font><font size="2">.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><b><font size="2">Stockholder Proposals for 2009 Annual Meeting</font></b><font size="2">. Any stockholder intending to submit a proposal for inclusion in the proxy statement for the 2009 Annual Meeting of Stockholders must meet the eligibility and other criteria required under Rule 14a-8 of the Securities Exchange Act of 1934, as amended, which proposal must be in writing and delivered to the
Corporate Secretary at the Company&rsquo;s principal executive offices at 2956 Waterview Drive, Rochester Hills, Michigan 48309, no later than June 19, 2009 in order to be considered timely. Written notice of stockholder proposals or director nominations (other than proposals for inclusion in the proxy) for consideration at the 2009 Annual Meeting of Stockholders must be received by the Corporate Secretary by September 19, 2009.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">Stockholders are urged to vote their shares via Internet or telephone, or to mail in their proxy cards or voting instruction cards without delay.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 7pt; MARGIN-LEFT: 3in; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2">By Order of the Board of Directors</font></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.5in; TEXT-ALIGN: left"><font size="2">/s/ Ghazaleh Koefod</font></p>
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.5in; TEXT-ALIGN: left"><font size="2">Ghazaleh Koefod</font></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 3.5in; TEXT-ALIGN: left"><font size="2">Corporate Secretary</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2">October 17, 2008</font></p>




<BR>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT face="Times New Roman, Times, Serif" size=2>43</FONT></P>
<P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT face="Times New Roman, Times, Serif" size=2></FONT>&nbsp;</P>
<PAGE>
<!-- EEDocs PBStart-->
<HR align=center width="95%" noShade SIZE=2>
<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV>
<!-- EEDocs PBEnd-->
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<!-- EEDocs PBStart--><!-- EEDocs PBEnd-->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ecd-logo_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ecd-logo_1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1V217AI9@``24DJ``@````'`!(!`P`!
M`````0```!H!!0`!````8@```!L!!0`!````:@```"@!`P`!`````@```#$!
M`@`4````<@```#(!`@`4````A@```&F'!``!````F@```,0```!(`````0``
M`$@````!````061O8F4@4&AO=&]S:&]P(#<N,``R,#`X.C$P.C`X(#$T.C(Y
M.C,X``,``:`#``$```#__P```J`$``$```"^`0```Z`$``$```":`0``````
M``8``P$#``$````&````&@$%``$````2`0``&P$%``$````:`0``*`$#``$`
M```"`````0($``$````B`0```@($``$```!H'````````$@````!````2```
M``$```#_V/_@`!!*1DE&``$"`0!(`$@``/_M``Q!9&]B95]#30`"_^X`#D%D
M;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,
M#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0
M%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`=@"``P$B``(1`0,1`?_=``0`"/_$`3\```$%`0$!
M`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$``````````0`"`P0%
M!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(&%)&A
ML4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*S
MA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>GM\?7
MY_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%"(\%2
MT?`S)&+A<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B\K.$P]-U
MX_-&E*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#
M`0`"$0,1`#\`S?K']8[.A6=-P\/IO3;&6=-Q;WOOQ6O>7O:=[G/]O[JR#_C`
MSQSTKI`_]`V_^23_`%__`.4.E?\`IHP_^I<MC_%!TOIG4<_J3.H8E&8VNJLL
M;?6RT-)<^=GJM?M24XW_`(X.>?\`O+Z1_P"P;?\`R:)1]?,ZR^JMW2NDAKWM
M:8PV\$AO[RT/KUUWZDYO3W=/Z'TYF'U"C)'J6LQJJ98SU*[6BVGW[7.V+BL3
M^ET?\:S_`*IJ2GO/KG]:+.B?6;-Z5A=+Z6<?']+TS9B,<[WU57.W.:6_GV)=
M6^M-G[+Q>N=(Z7TMV#<11ETV8C'/QLEH]U5CFENZC)_GL6W_`*W8L7_&;_XN
MNJ?]8_\`;>A9_P!6^LT],RK:,]AR.D=09Z'4L8?G5G^;R*P0YOVG"L_3X[_I
M_P#"5;]Z2G0_\<#J'_E5TC_V#;_Y):OU:ZW]8?K+U+[!@=*Z,US6&VZVS$`8
MQ@(;N=M+G.<Y[MC&,;_X'[UR?7NC6]%ZB[$<\7TO8V_#R6_1NQ[-<?)9_P`8
MWZ7_``BZG_%/UAW2^J=0=<T#IIQ3?G9!_P`"*#^BL[OLW^J^GT*?TMCW_P#!
MI*=;ZV-^L_U8QJ\V_IW1,K#>\5NMJP]6/(EGJL>?:Q_YEG_J-<O_`..!U#_R
MJZ1_[!M_\DNY^N'UGZ?];?J_F='^K%[<[+VLOOH++&/?14[UK1A"YE?K9-3Z
MZ7^E_H/4]'U+EX](@'L>"DI[+!^M7UDZCO\`V=]7L#,]*/4^S]/]3;NG;O\`
M3+MN_:[:JUGU\ZI6]U=G2.E,L82U['80#FN!VN8]KG>US5ZK_BXQ!A?5'!Q[
M*3C96U]N14\;;)?99LMN9]/]+6QOI^I_@EYI_C9NZ?;];WG#+76,HK9FN9WO
M:7_2/YUC,?T*W?\`;:2FI_XX'4/_`"JZ1_[!M_\`))?^.!G_`/E5TC_V#;_Y
M)<S779;8VJIKK++'!K&-!<YSG':QC&M^D]RZAF#T[ZH@7=8JKZA]8"W=1TIQ
M#Z,8.'LOZHYL^M>Z?4JPJ_\`!_I+?YVKTTI]#^HSLG.P,+JO4.F8N!DW9;QC
M/HQVT%^,<=[V6#_">G;9O_XQB[A>>_XLNHYW4^F.SNH7.R,J[J]I?8\Z_P!$
MT:T?196W_!UL_1UKT))3_]#E_P#&!_RATK_TT8?_`%+ET7^)+_E+JG_$U?\`
M5/7._P",#_E#I7_IHP_^I<C?XO/K?TWZK9>;=GU7W-RJV,K&.UKB"TN<[?ZM
ME/[R2FS]?OKITWKN-^R\7I_V2[%S#8^Z6'>&"ZEW\VT/][K/47'8G]+H_P"-
M9_U35W'UP^O'U3ZUT2["Z7TVW%S+K&/]=]%+!#7>I9NMIMLMW/7#XG]+H_XU
MG_5-24]%_C-_\775/^L?^V]"YA>C]<^I>?\`6O\`QB]9KHM;BXN-]F.1DO&[
M:7X]7I,JIEGJV/V._/97L_/_`)OU,_K7^*Z_HM[+<WJV/3TB/TG4+6EKVN&O
MH5X+7V69%[V^^EE-GO\`3L_FTE,_J5T._P"N/1[^BY9-6/TM[;<+J(`<^EUI
M_6,#TG%OJT9#&ON]KV?9[O\`2?S:T_K%_B^ZWTOH=/1/J_4>H59N0;^HY.YE
M5CC6/U/'L8]S*V8E3=]GNLM_6?\`0?HU2^J_U\^KGU5O=A8&'DW]/MURL^QP
M]>RP"&6587MHIQVN]3]'ZOK>F_WO_1>FB?XTOK8.L8'2L;"KCIN96,]M[M'N
M>TVXOV9S![&?9O?ZWOM]_I_Z/](E.9]7/JK=T_K_`$[)ZIU+`P33E5$XXRFV
M9#B'>VIK,3U=OJ._1O=996Q>UY=6']F+LD5LIH_3>I8&[:C7^D;D?I0ZNMU$
M>IZG^#7@WU?Q<7I'3S]:^HUML+'FOHN(_07Y+/I9;_HN?A8#OYS9_.Y'Z'UJ
MU<Z;UOK/U@Z%]8.E]0S+<JQF*.HTNLL=#?LUK;,JO:'-:^NRFW^CO_1,]*OT
MV?HF)*<_-P?KGTCK-/4LNK(/4+KJ[:,IOZ9E]A<UU#&74&VG(WPS]7_\#6S]
M:_\`%Y]8G]>R<KI?3WOP,ZX64D.K&QUP%UM=M;;/T%=%SK:_4_F50_Q;=8ZA
M@_6GI^+0^^S$RK2R[#J<2QV]CV>N^GZ&W&_I%MG^BJ7KO7OK)T&KZN=0SC;5
MU+$KI++J:+&V!XNG'KJ>^KU/39?8?2]1)3Y!;U+IGU7J.-T&UN9UL@LRNMB#
M53/MMHZ.UP_._F7Y[_S/4]#^?_0\P7E[G/<XN<XDN<3))/+G$KTG_%OT[ZD=
M3ZT;:<?)&;C5&UF'FOJNI!W-9ZU#F,I?:^F?\-3^CW^K_.KHO\;G3.F7?5>W
MJ-S&MS\5]0Q;=`]V^QM=E$_2L9Z3K+/3_D;TE.;_`(HO^0&_^G:W_P!LPO2U
MYI_BB_Y`;_Z=K?\`VS"]+24__]'E_P#&!_RATK_TT8?_`%+E;_Q8?53`^L/5
M<FWJ3/6P\!C2ZF2T/LM+A3ZFWW^FQM5K]K?\)Z?^#_1JI]?_`/E#I7_IHP_^
MI<NM_P`2!;Z/6&CZ0?CD_`B[;^1R2G)^N%_^+;)Z5FLZ%2RCJN(]@I<UME;;
M`+&UW^C_`(&[V?Z3_C%PV)_2Z/\`C6?]4U".CB'?2DR._*+B?TNC_C6?]4U)
M3ZK?]=\/ZL_XP.O8_4:WNQ,S[*X6U`.<Q[,>IONK]NZNQK_[&Q9O^-/ZU5]7
MZ1TFOI]9=TS-<_*9E/!:7/H<_%=CM8[W,])S]UW_`%KTUSW^,W_Q==4_ZQ_[
M;T+6^I?U3SOK3]5,S"N<,?&IRV7=-RWMW$6[?3ZA6UO\X['?5Z/Y[*_M'_7$
ME/`G02O:NA_XNNDYGU1Z=A]8?;E/:TY53VO+/0.2*[;L;'V2ST?;_A/4WV^I
M;[/47#]1^I>#]5;S=]:,H9-1)^Q8.$2+<G;#IOLL;^I8NOIW/]]W\YZ*Z+`_
MQF]0Q/J>_J1P<7V9?[.Z?C5.<QM;&4^LU]C#ZCKJL;]!7^C=1ZG_``22GD/\
M8@RZOK3DX61L;3@MKHP::I%=>*&-?BU,:[W;]COT_P#P^_9^BV+0_P`5?0,G
MJG7K,P/#<+!K+,MKAN%K<AME'V79+?;97ZKW/_P>Q5.O8[/K+1?]:>F.?9E-
M`=UKI[R7V4EK0W[;B_2LLZ7M_P#8/_B/YBW_`(J_K!D],^L'[/96+<;J8B^7
M!GI^BU]WVK>[V[*J?6]1B2G6^M'U6'U$Z'D9/1G67OZB]N)?FVD>KCT$;O1Q
MQ4UGNR[&[+LC\ROTZF5?X9<A]3LS'HZN,#,D].ZNTX&8QH!,6^VBYF[=MMQ\
MGTK66;5V/7_K;A_7_$?T'IOJ8&2'LOPF9)8UN6Y@?OPWN87-QKO=OQ=UOI76
M_H[/26)]1NFYW1OK)A=6ZW@9&'TZHO8[+R*7LJJ>]KJ:;+WO;MJ9ZSO3]6S]
M'6])3/I?0.K_`%,MSOK#U2DU6=+:ZCIW=M^3?OQ:[F:>_%II]2^S?Z7^#7-]
M5^L/6^L[!U3-MRVU:L8\PP'C<*V;:]_\O:O=OKODX-/U0ZI9F-%M#L9S6MC?
M+[(JQG-Y^CD64N]7_!?SJ^>.R2GUK_%%_P`@-_\`3M;_`.V87I:\T_Q1?\@-
M_P#3M;_[9A>EI*?_TN7_`,8'_*'2O_31A_\`4N2^H'UOK^JW5+K<FM]V%F,%
M=[:XWM<T[JKFM=_.;-UC-FYG\XE_C`_Y0Z5_Z:,/_J7+4_Q6?5?H7UA=U7]L
M8WVK[+]G]#])97M]3[1ZG\Q95NW>E7]-)27ZY?6[ZE9_2,K#Z'T_T\[.<Q]N
M4**Z?HO9<_U+/YY[G[/S?S_TBX3$_I='_&L_ZIJ]+ZC]0_J?U[HF3U'ZEO<W
M(Q-P]'=:6O>P;WT/KS?T]=KV_P`R_P#FUYIAF<J@_P#"L_ZIJ2GHO\9O_BZZ
MI_UC_P!MZ%U?^*7ZX8S*:_JME,+;G/L?@VM$M<"'9%M-O[CV;;'LL^@_^1Z?
MZ7E/\9O_`(NNJ?\`6/\`VWH6M_BJ^J_5,KK%'UA`;5T_#=;7O>3NL>^JRC]`
MR/<VEUK/4L?L_P"#_/24W^H=:Z+]?_KUTGIL.=TC$]8ASIK=>\M]5S1_A&4O
M^S5-_P!+L]3^;7:_6KZJ]"SOJWDXCZ:,*K&KLOQ[F-%3*+&L)]8^BW^:]OZ?
MV^^M>9YO3F?XO*P+"S+^LV4UQQ+VM)HQ:"75_::O5:SU<ZS;^C]GZ#_VYL?5
M;ZU?6CZS]8HZ!U.]F=T[,997ETVUL9-087/M]:BOUOM%>W]`[_3?]N)*<OIW
M0NJ](S*NH=(ZWTB[)9]%E>8QI>#]*BVK,&-ZE=OT=B]0Z9_B]^K^/5D9!QCC
M9O4<=]61Z-A+*/M#-F53@`_HV5M<7^B]]7_@?Z-<[]9O\4G1,7H61E]+MN9E
MX53KCZS@]MK:VFRQCX:S98]K?8^M5?J/_C&ZSDUL^K]E->1F#&M;TW(<2"^V
MJIUN+1E-EK'[O3]/U?4I_P"W/TB2GCLKI6+]7/KDSIO4W^MAX.72<BP`^Z@F
MN_>6,E^[[._](RM>_P"3E=/'3K,O)LK=T\U&RRQQ#JG4ENYSOSF65/K_`,]?
M/_1,6[ZS_6/U>J7%U5A?F]5RG2`VBH>KE/<6#]"S:/L]7M].O?6BM^N&0?K6
M?K!97.,^PMLP="PXA;]E.'Z?MI?^I^SZ'\[^D24TNB];;T;JYS::O6P;!91D
M8EA,6XELMLQK-?\`1^YO_#+I^I_XH^OU#(RNE.KR<,'?BT6.<S*=6Z'-9979
M574V^IKMMFZRO^;_`)O_``:YSKW36?5_KVV@^OA37F=/L=Q=C/(OQG;H;O\`
M;^AL]G\Y6O;L_P"O/U:Z;4X]0ROLV36QC[,%XG(:;&-NKI=17O\`TNU[=WN]
M)G^D24\K_BD:YG0@UX+7-ZO:'-<(((Q-6N"])7G_`/BXSAU'%RNH!GI#,Z]E
M7BLF2WU<8V[-WMW;=Z]`24__T^7_`,8'_*'2O_31A_\`4N74_P"([Z77/_03
M_P!VURW^,#_E#I7_`*:,/_J7+1_Q8?6SHOU;/5#U6U]7VO[/Z.QCGSZ?VCU/
MYL';_.L24[W^)?=ZW7R>/5HCXSE2O+L2/ME.WCUFQ_GA>C]1_P`8?U7Z1T/(
MZ7]3<:RJ[*+CZ[FN:QAL&VW(WVO.19>UO\Q_@V?\75Z*\XPQ&50/^$9_U34E
M/>?7WHW1O^=?4>H]8ZNS&9::?2P<5OVC+=LIH8_U*]U=6%N^G2_(?^D6Q]3/
M\9'U2Z=T]O1[&7=-Q,/=]EMO)O-C7.=:]UWV:K]%<Y[WN]/9Z7_"+C?\9O\`
MXNNJ?]8_]MZ%S"2GT/K^77_C)^MN'TSH[C7A8E5A=EV-(.TEIOO;4=K]GMIK
MH99Z?Z3^<]-;3OJ#B?4H/^M/3[\G-MZ7199]D?L:'N<WTW6/M:&;<>FI]EMM
M.WU/^$_,LXK_`!=9&7@_6!W4ZGMJP\''LNZE8\2/LP`W5M;+-U]MOI_9F[OY
MW\RQ=+]8/\<&+FX7V/I_3#;7D-+,UN;HTUN!;932,6S?N?N_I&_]'_H4E-;J
M7^.7)S<,XC>D4BN\&O+%USK&V5/!9=56*F8SZG6-=_.;[=G[BJ?5KH.!U7KN
M!U3ZJW^B_%R:LC-Z3ENBRBMKFNM=C9/N^W87TL??L^T,_0>O_.KM_J?]3/J?
M;T>KJ=?366CJ3!?Z>66Y/HAXG[+198P?HZ/H,LV?:/\`2V+%R<WZJ?XN/K;L
MQ\3(L&?1OR+&VAS<>M[W[:<;&VM=9NMH8^SUK]]=7\TDI!]:/J1G?5_HG5#T
M6M^?^V,IHO\`39^DHQ=_JTXE%3-]MOJ9#V5Y%K'?S;*_U=<71]2?K7=4^X].
MLQJJ_IV9A9BM$_\`AU]&[C\U>B_73Z_8^7]4K<CZMW6N-N0S&NRZRZFS'.F0
M';?9?^L-9Z-=G\U_._I?\&O(LC(R,JPW95K\BT\OM<7N/]IY<DI^@_J]]6.C
MX?0^F8ME-&>[$I::\I[66^Y[OM3[,>UP=MJ=D.]6G9_P:\6^O>%5@?7#JF/5
M8ZUOK"W>\[G3<QF2]A?^=Z;[?36S]6_K;U_IOU+ZO]GRW#[';B4X!>UK_2]9
MUSL@,]1KO:YE3=C'[_3_`,&N+MMMNM?=<]UMMCB^RQY+G.<X[G/>]WN<YR2G
MU?\`Q1?\@-_].UO_`+9A>EKS3_%%_P`@-_\`3M;_`.V87I:2G__4J?67ZO=*
MZD_I>1E]=Q>F6CIF(S[/<"70&;M^CF_2W+'_`.9GU?\`_GLP/\T_^E$#Z_?\
MH],_]-.'_P!05F8'U9^L'4<<96!T[(R,=Q(;<RLECB#M=L=^?M=[?:DIVO\`
MF9]7_P#Y[,#_`#3_`.E%.GZG_5^NZNS_`)UX!V.:Z-I_-(=_I%AYWU7^L73\
M9V7G=-R,?&KC?<]A#6[CL;N=^;[G;56S^D]2Z=Z1S\6S&&0W?0ZQL->V`[=4
M_P"@_P"FS<DI[CZU=&^K?7OK!E]7K^L^#0S*].*G`N(V5UT?2#V_Z-9/_,OZ
MO_\`SV8'^:?_`$HN=P>E=1Z@V]^#C69#,5GJ9#V-EM;8<[=:_P"@SVUO_P`Q
M6L+ZK?6//QVY6'TS(OQ[-66LK.UPXECC&YJ2GK7]%^KE?U=9T3#^L^#4;[OM
M'4KS,W.9[<7':UKF_JF/_.>G;ZGZQ^F_1K*_YF?5_P#^>S`_S3_Z46)U#ZM=
M?Z;1]IS^G9&-C@@&U]9#`3HW>_\`,W?RD7'^J'UGRJ*\G'Z7DVT7-#ZK&LEK
MFN&YKV_R7)*>X^K^59]7\-V#@_7+IK\4DNKINK+Q67:O=3^D:YFYWO\`3_F=
M_P"D]/\`2+&ZA]7.F=3S;<_.^N.%?DWNW66.:?DUHW[6,9]%E;?H+GLSZJ?6
M3!QWY67TS)IHK$V6NK.UH_>?'T6JBS!RWXEF<VEYQ*7"NS(CV![OHU[_`*/J
M?R4E/==&Z)]7<#'ZA@Y'UHP;L+JE'I7,:""VRL^KAY+??[W8]WYO[BR_^9G0
M._ULP)_JG_R:Q\/ZJ?63.QF96)TS(NQ[1-=C:SM</WF_R4/J7U=ZYTJAN3U+
M!NQ*7/%;;+6[07D.>&?YK'I*>MIZ!]7:N@9/21]:,'U,G*IR#;!C;2RUGIEN
M_P#?NWK._P"9GU?_`/GLP/\`-/\`Z4697]3/K78QMC.D91:\`@FLC0^3E3ZE
MT3J_2?2_:>);A^ON]+U6[=VS;OV_U-[$E/KW^+_I>'TOI=5&'U&GJE;^I6/-
M]`(:''%+349+O=[=_P#;7<KS7_%%_P")]G_IWN_]LVKTI)3_`/_5Y7Z__P!/
MZ;_Z:</_`*@KKOK/]9NL_5[ZG?54]'R!B.R<.OU3Z=;YVT8[AI<RQK?=8N1^
MOW_*'3?_`$TX?_4%:/2/\:O5NG=*QNF78>/FLQ&BNFRR6NV,&RECVL]FZIGZ
M/U/W/^$]Z2GH/J']:.N?6/IWU@HZUD#-JJQ1L!JK8!O;D-L:?0KJ:[U&M_PB
MS&%OUD_Q3N:9MZA]7'R-9=Z33\/;0W!LV_\`H&JO4_\`&SUG,Z=?@XV'CX!R
M6EC[ZBXO#7#:_P!/Z+6V.;[?4_,6%]4_K?U+ZJY5UV$RNZK):UN11;.UVPGT
MWM>SWLLKW6-_<_2?S:2GI\LCZM_XIZ*&'T\[ZQ6>I9#H<:G_`*3<R/=Z/V.K
M'IL9_P!V?^$6I_C#^M'7?JY3T6CHN2,*FW&.]@JK>/8*FL:WUJ[-FQKOS%P7
MUI^MG4_K1F,R,_9770TMQ\>N=C`[;ZCO=[W/LV-WN6_T[_&UUC%Z?1AY6%CY
MSL=NQM]NX.<T:-W@>W?L_.24[?U:^L76?K%]2OK0_K-XRSCXMHI)KK8!^@NL
M_P`"RMKO>UCDNL?6+K'0/\77U<NZ3>,:VYM;++-C+#M%;W;-M[;&?2_DKG^M
M?XT^L=3Z7?TRG$Q\&K*:67V52YQ8X;;&-W>QOJ,_1O?^XL'JWUESNJ=.Z=TR
MP-JP^EU"NJMD^YX&QV187?GN;^9]!B2GO?J']:_K!]8*NMX_6<H9=-.$YS&.
MJJ8)<'M=/HUU[VN;^:]8M[6M_P`3>.0`"[/)<1W.ZULG^RU<W]7?K'F_5_*N
MOQ6MM9E4NQ\BJR8<QW=KF_0L9^8]2?\`6;+?]5:_JP:J_LU>1]H%^N_7<[T]
MOT/IO^FDI]!_QC_6SK_U?MZ7C]'RAB578VY[154\$@M:W^>KLV-V_N+A?^>?
M5>H=:Z;U#K^0[J%'3KV6^B&L8-C7-LLV55-HJ?;[?\(M_%_QO]8KPZ:,O!QL
MRREH9Z[]P+H&W>YGN;ZCO\)L5#K/^,"OK3\-^;T7$<<&X7,@F'`?3Q[06^^B
MSV^I7_(24]IG_7#IV;E.RNG_`%T'3L6P-V8APF6%D-#7_I,BKUO>\;_>N0_Q
MA=-ZHZO`Z_=U8]<P,UOI497IBD5D2\5>A7^C;ZNU[OH^I^BL]57O_'ASN/V/
MA_>[^Y<_];/KOU/ZT>A7DUUXV+BR:\>F8W$;?4>7?2VM]M?[B2GN?\47_B?9
M_P"G>[_VS:O2EYK_`(H__$^S_P!.]W_MFU>BUY6-;;937<Q]M,>K6UP+FSQZ
MC`=S$E/_ULWZR8GU7R;>G6=6ZADX.2.FXC1370VUI8&>RT6-L_/_`'%D?LSZ
M@_\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_["#_`-*)?LSZ@_\`EWF?^P@_]*+D
MTDE/6?LSZ@_^7>9_["#_`-*)?LSZA?\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_
M["#_`-*)?LSZ@_\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_["#_`-*)OV9]0?\`
MR[S/_80?^E%RB22GK/V9]0?_`"[S/_80?^E$OV9]0?\`R[S/_80?^E%R:22G
MK/V9]0?_`"[S/_80?^E$OV9]0?\`R[S/_80?^E%R:22GVK_%_3TNKI+,?HV3
M?DX[^H7..996VO9:<0M](5%[WOV-].W=Z?II?52MK>JX8;=OM!<7.(C2NFRK
M+;C^W[78S,RW,RNJ?M!F/]GZA773?_E#TEXJDDE__]G_VP!#``$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0'_VP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`&:`;X#
M`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`
MM1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#
M!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1
M`Q$`/P#]]O\`@F3_`,$R/^"=?Q%_X)V_L-?$#Q]^PU^REXQ\<>,?V4O@1XF\
M6>+?$_P(^&VN>(?$?B+7/AKX>U'5M:UW5]0\/W-YJFK:C?W,]W>W]W/-<7%Q
M<3,\S&:0M]T_\.EO^"7O_2/;]C;_`,1T^%?_`,S%+_P27Y_X)??\$]CZ_L;_
M`+.O_JJ_#%?YRG_!3W_@I_\`\%'/AW_P4<_;H^'_`,/_`-NO]JSP5X&\#_M6
M_''PKX.\(>%?C?X\T'PWX8\-:%\0-;T_1=#T/1M,UFWT_3=,TO3X8;*SMK6&
M..*")``[%W8\OZM_5@]?\S_1J_X=+?\`!+W_`*1[?L;?^(Z?"O\`^9BC_ATM
M_P`$O?\`I'M^QM_XCI\*_P#YF*_RK?\`A[E_P5+'_.1+]LP`CO\`M#?$P\^V
M=?X^G6C_`(>X_P#!4S_I(E^V8#_V<-\2\$X]/^$@_P#KX%+7R^__`('K_3T>
MGG]W_!]?Z>G^JG_PZ8_X)?\`_2/?]C?_`,1U^%?_`,S%)_PZ6_X)>_\`2/;]
MC;_Q'3X5_P#S,5_E6G_@KC_P5,_Z2(_MF'H?^3AOB7V/J?$`&>X]#2?\/<O^
M"I@Z_P#!1+]LPMVQ^T-\2^A(X)_M_';]*>O]/_@!IY_=_P`'U_IZ?ZJ?_#I;
M_@E[_P!(]OV-O_$=/A7_`/,Q1_PZ7_X)??\`2/;]C;CI_P`8Z_"OC_RV*_RK
M/^'N7_!4SM_P42_;,)''_)PWQ+QGOD?V^,@<=C^%+_P]Q_X*F#K_`,%$_P!L
MOKQC]H;XE@8&>X\0<\?A_.EKY??_`,#U_IZ&GG]W_!]?Z>G^JE_PZ6_X)>_]
M(]OV-O\`Q'3X5_\`S,4?\.EO^"7O_2/;]C;_`,1T^%?_`,S%?Y5O_#W'_@J9
MU_X>)?MF#CO^T-\2_7GC_A(,<<<]*/\`A[E_P5,YS_P42_;,[=/VAOB7DY]A
MX@R*-?+[_P#@>O\`3T-//[O^#Z_T]/\`52_X=+?\$O?^D>W[&W_B.GPK_P#F
M8I?^'3'_``2__P"D>_[&_P#XCK\*_P#YF*_RK/\`A[C_`,%3/^DB7[9F<_\`
M1P_Q,_3_`(J`X'MZ=:/^'N/_``5,_P"DB7[9G_B0WQ+S[`_\3\YYZGM1KV_'
MT\O7[O,-//[O^#Z_T]/]5/\`X=,?\$O_`/I'O^QO_P"(Z_"O_P"9BC_ATO\`
M\$OO^D>W[&W3'_)NOPKZ>G_(L=*_RK/^'N7_``5,QG_AXE^V9@C@_P##0WQ+
MY]O^1@'/(Q_3C/\`1-_P;`_MZ_MM_M(_\%*M:^'7[0?[6?[0GQL\`P_LS_$_
MQ'%X/^*'Q8\8>-O#D6O:=XJ^'=MIVLQZ/KVI7M@NI65K>WT%K>"%9[:*\N8T
MD*3/EZ_T_P#@>O\`6Q_6W]>?];?V6_\`#IC_`()?_P#2/?\`8W_\1U^%?_S,
M4?\`#I?_`()?#I_P3V_8V'T_9T^%8Z?]RQ7QG_P<;?&OXP?L^_\`!*/XW_%#
MX%?$WQQ\(OB/HOC3X*V>D^.OAWXEU3PAXKTRTU?XJ^&-,U>VL==T6XM=2MH=
M3TV>>QOHH;A%NK*XFMYB8I2H_P`W?_A[C_P5+Y_XV)?MF>F?^&AOB7W.#C_B
M?G'0'ZXSB@/ZV\_EY_U>W^JI_P`.F/\`@E__`-(]_P!C?_Q'7X5__,Q2?\.E
MO^"7O_2/;]C;_P`1T^%?_P`S%?Y5O_#W'_@J9S_QL2_;,'O_`,-#?$L=?^Y@
M_,\>M?TM?\&X?_!>7XJ3?'^Z_8O_`&]/C1\4/C%:_M%>*O#=E^SK\7/B3XGO
M/&NL>"_BW>9T1?A=KVIZK:WOB>\\,?%EYM#LO"=V^N3:;X-\::3#81^'_L7Q
M#U[Q+X>6O;[M?T]?Z=@]-_Z\_N[_`(']?/\`PZ8_X)?_`/2/?]C?_P`1U^%?
M_P`S%)_PZ6_X)>_](]OV-O\`Q'3X5_\`S,5^/?\`P<I_!W_@HGHGP?\`#W[:
M7[`_[2?[2_P]TSX'^$]5TW]H[X0_!KXK>+O"FE7GPVL-0O->LOC+HW@_PN]E
M_:.K^"#J6NQ?%#5I;R\NU\`6WA_5A8V.B^"-?U"OX,?^'N7_``5,(!'_``43
M_;+((R#_`,-"_$H@CG&"/$/.000?_K4^VUFK[_U_5NC%IYZ:/1I;)Z-VOH]U
MI=-7NG;_`%4_^'3'_!+_`/Z1[_L;_P#B.OPK_P#F8I/^'2W_``2]_P"D>W[&
MW_B.GPK_`/F8K_*M'_!7+_@J7_TD2_;+SW_XR&^)1QGC'_(P?Y/O0?\`@KE_
MP5-[?\%$_P!LOH?^;AOB7V_[C_8]:!Z>?W?\'U_IZ?ZJ7_#I;_@E[_TCV_8V
M_P#$=/A7_P#,Q2_\.E_^"7W_`$CV_8V_\1U^%?KG_H6/7GZU_E6?\/<?^"I8
M_P"<B7[9G_B0WQ+[G_L8/6@_\%<O^"IG_21+]LS_`,2%^)9_3^WSGW]*7W??
MZ7Z?UIM<-//[O^#Z_P!/3_53_P"'3'_!+_\`Z1[_`+&__B.OPK_^9BHO^'2/
M_!+C_I'C^QE_XCC\*?\`YEZ_RL#_`,%<O^"I8/'_``42_;-/U_:&^)><`\CG
MQ!\Q!SCV].Z_\/<O^"I8(S_P42_;,_\`$AOB7C\_[?QV_P#K4?U^7E_7Y&GG
M]W_!]?Z>G^JE_P`.EO\`@E[_`-(]OV-O_$=/A7_\S%'_``Z6_P""7O\`TCV_
M8V_\1T^%?_S,5_E6?\/<?^"IO4_\%$OVR\]?^3A_B9C]=?XX_'K[UZ[\'/V\
MO^"X'[1/B:+P7\`_VK?^"CGQI\5S221)X?\`A?\`$SXV^-M4#1VEQJ$_FVWA
M^_OFA6"QM+J^G>4H(;.TNKR8QPVT\B/7MK_DKOIZ_+43:6[MJEK;=M)+?=MV
M7=V773_3V_X=+?\`!+W_`*1[?L;?^(Z?"O\`^9BC_ATM_P`$O?\`I'M^QM_X
MCI\*_P#YF*_SK_%NI?\`!T'X$\-ZCXN\6ZO_`,%?M&\-Z/I%YK^L:Q)J_P"T
M+=VFBZ)IT4]UJ&J:S]@N+F;2K33[2VN+W4'OXK?['9P27<VRV7S3\`W'_!6K
M_@JI9W-S9WW_``4*_;3M+NVE,-S9W?Q^^*%M=VTJG8T5S;S:XDT,JL/WB21Q
M[0.0,9I?U^7EZ_UL]//[O3S]?P[Z?ZIQ_P""2W_!+T_\X]OV-OP_9T^%8_EX
M8%'_``Z6_P""7O\`TCV_8V_\1T^%?_S,5_E6?\/<O^"IO7_AXE^V61GM^T-\
M2\XR.,?V_P`'_.*7_A[C_P`%2P/^4B7[9GX?M"_$O///_0?SDD\YY]:8:>?W
M?\'U_IZ?ZJ?_``Z8_P""7_\`TCW_`&-__$=?A7_\S%'_``Z7_P""7W_2/?\`
M8W_\1U^%?_S,>Y_.O\JS_A[C_P`%3"#_`,;$OVRSVP?VAOB7W'0_\5`><9^M
M+_P]R_X*F#_G(E^V9_XD-\2_U_XJ#&/K0&GG]W_!]?Z>G^JE_P`.F/\`@E__
M`-(]_P!C?_Q'7X5__,Q2?\.EO^"7O_2/;]C;_P`1T^%?_P`S%?Y5G_#W+_@J
M9Q_QL1_;,.<E?^,AOB3D'!_ZF#TZ=>^>O*_\/<O^"IO4_P#!1+]LSO\`\W#?
M$O..W_,P=3Z>_P"%+7R^_P#X'K_3T-//[O\`@^O]/3_53/\`P27_`."7QZ_\
M$]OV-C]?V=?A7_\`,Q2?\.EO^"7O_2/;]C;_`,1T^%?_`,S%?Y5O_#W'_@J7
M_P!)$OVS/_$AOB7QQ_V,''%'_#W'_@J9G_E(E^V;Q_U</\3.F/\`L8,$_G]:
M-?+[_P#@>O\`3T-//[O^#Z_T]/\`52_X=+?\$O?^D>W[&W_B.GPK_P#F8H_X
M=+?\$O?^D>W[&W_B.GPK_P#F8K_*M'_!7'_@J8<X_P""B7[9F/;]H7XE`CGO
M_P`5`1GGGU.<YS1_P]Q_X*F=?^'B?[9A&1_S<+\2_;_J8.QYS_*C7^OEY>O]
M7L:>?W?\'U_IZ?ZJ?_#IC_@E_P#](]_V-_\`Q'7X5_\`S,4?\.F/^"7_`/TC
MW_8W_P#$=?A7_P#,Q7^59_P]Q_X*F=3_`,%$?VS.Y_Y.&^)9QVX_XG_<?CS^
M%'_#W+_@J9S_`,;$OVS/_$AOB5SZ8_XJ#H>W2C7R^_\`X'K_`$]#3S^[_@^O
M]/3_`%4O^'2W_!+W_I'M^QM_XCI\*_\`YF*7_ATQ_P`$O_\`I'O^QO\`^(Z_
M"O\`^9BO\JP_\%<?^"IG_21+]LO\?VA?B7CTZ?\`"0#/7\\'K1_P]R_X*F?]
M)$OVS..O_&0WQ+_F?$`R..M&OE]__`]?Z>AIY_=_P?7^GI_JI_\`#I?_`()?
M#I_P3V_8V'_=NOPK_P#F8I/^'2W_``2]_P"D>W[&W_B.GPK_`/F8K_*M_P"'
MN/\`P5,P<_\`!1+]LS'/'_#0WQ+/'T_X2#O0?^"N7_!4S&1_P42_;,QGG_C(
M;XEG`QD=/$'7\.G/2G_7]:?UMZ&GG]W_``?7^GI_JG?\.D?^"7'_`$CQ_8R_
M\1Q^%/\`\R]2_P##IC_@E_\`](]_V-__`!'7X5__`#,5_E5_\/<O^"I8!/\`
MP\2_;-Z?]'#?$S/4]SX@S_A^5*?^"N7_``5,QG_AXE^V9CIG_AH;XF`<\]?[
M?X]CZ\=:6OE]_P#P/7^GH:>?W?\`!]?Z>G^JE_PZ6_X)>_\`2/;]C;_Q'3X5
M_P#S,4?\.EO^"7O_`$CV_8V_\1T^%?\`\S%?Y5H_X*X_\%2QG_C8E^V9D\C_
M`(R&^)G/`ZYU_J.A^GUJ*7_@KI_P5.CB=T_X*(_MF%EP<?\`#0WQ,88RNXG_
M`(J`'`!)//3YJ-?+[_\`@>O]/0T\_N_X/K_3T_U5O^'2W_!+TC!_X)Z_L:GD
M''_#.GPKQD'(.#X8X(/([@UQ/_!&K3M/T7_@G%^S]HFCVEMIND:+JOQVT?2-
M-LH4@LM,TC2OVC/BYI^E:;96\>([6QT^QMK>RL[:)5C@MH(H852&(`??'PBU
M"]U3X4?#'5-3O+B^U'5/AYX*U"_O[J5KB[O+Z\\-:;=7=W<3.S237%Q/,\TT
MTA9Y'=V<\YKX6_X(^?\`*/3X)?\`8S_M#?\`K3/QCIAT?JO_`&X_3&BBB@04
M444`?GM_P26_Y1>_\$]O^S-OV=/_`%57ABO\JW_@KCS_`,%3/^"B.<9_X;+_
M`&AL]<9_X67K^1UP<<CO@^M?ZJ?_``27_P"47W_!/?\`[,W_`&=?_55^&*_R
MK/\`@KB/^-IG_!1/_L\S]H;GMC_A9?B`^O;/M[4NJ]'^<0/SQ^I&/IG/!SCG
M`&/KW//=#D9QPWL.H&!SG\.>WYTH.>?YGN"?J/Q']*0D@$\<8XSV_+N>,XY'
MIV/Z_+_@WOJ`''?'!'0\CIGD_P`_3'>EXQ[#MQZ=^W?/:DZCIG/&!WY./4#Z
M_P#UJ^N/A)^P'^W/\??!&F_$OX'?L>?M*_&'X=ZS=:G::1XX^&GP7\?>-/"N
MI7&CWT^FZK!8ZYH&AWMA<O8:A;W-A=K',P@O;6YMR3);2*C`^2#SV.#GL,9S
MZ8Z\Y].](#Z\=L\<^F#W_+^M?H`/^"4'_!4`DX_X)W_MI8^4?\FW_%;J=V!_
MR+'6G'_@D[_P5#4.3_P3M_;4"Q`B0G]FWXL`1@*'.\_\(QA,(P<EB/D*M]T@
MT#L^S_K_`(=?>?G[GGJ"`.1Z''!!_7O^O"\=^<9/N,\_TX],<5]_?\.H/^"H
M'./^"=_[:.3T_P",;_BMW_[EG(.6/H?RKXO\??#[QW\*/&GB;X<?%#P?XE^'
M_P`0/!FK3Z)XL\%>,=%O?#OB?PUJ]N$>;2];T74H(+_3KV))(I)8+F))0)`V
M%4J`"L^QR/)P,<Y&,\=>,>F0/U/IB@?F.W?IC/..O/\`^KFD/7\`/J2>,\\C
MVZ<GGK@/;'4X&>O3KR>3T/O^-)?UY^>M_P"M``\?ECIGN./7GZU_4)_P:+?\
MI7M>Z\_LG?%H\\X_XJ_X9<9_SWQ7\OF?7^A`QSR>QS_+MS7]0G_!HL?^-KVO
M8_Z-.^+6>XQ_PE_PQ/T';!/T'6G_`%_7K_30']8__!TO_P`H9OV@O^Q\^`N/
M_#P>$J_RL\`?_7)P!['L2<?3G%?ZIG_!TO\`\H9OV@?^Q\^`O_JX/"5?Y6@_
MIZ\\Y';!'Y"C^OO_`."`G!X/UZ]\GC(QG&/TSS3XI[BVFBNK2>:WNK>:&:VN
M+>9[>XMKB"02PW-O,C"2":"4)+%/&1-%(BLOSHE,'!.<>_0`_7G/<>GZT`>X
M]O\``X.#P>/S%+]?^&\@/]2G_@WQ_P""L>B_\%/?V5M2^`_QVCTC4?VFOV>_
M!/A[P-\6;#Q'J=OX@/[0'PQN],?PKIOQ@N-&\2ZAJ6MZ]?:W%:+HGQP6\AU7
M0QXUUBPU9[K3[#XB:-X3T7^,;_@O[_P20UC_`()D_M0OXK^'VF6C?LD?M&:[
MXO\`$_P-ETV6YE'PYU"SOK74/$OP5UN&_OM1U>%O!L6NZ6_A#6]2O+J'Q5X6
MNK9H=0N=<T;Q18:/^6O[%/[8/QA_8+_:<^%O[5'P,O;*'QY\,]6N9VTO6K:.
M]\.>,?"NM6=QHOC#P)XFLCM>?0_%GAO4-1TB:ZM'M-8T2>:VU_P]JFD>)-*T
MK5[3_5!UO3/V2/\`@X#_`."7=O;VVJV$GP^^/7A'2-4@U+3(M-\2>-?V<_CO
MX=CMKVYL`-6L-/N;'QU\,O$\EWX?UIH+;P\?&G@V^U*/1]33P=XZM-5O6MDF
M]+K5K1-Z-Z)M+J[7^=E9-*[G9N2C;1ZM+5+5J+=U[KEI'FE9Q4F?Y#(/`SW(
MY_H,#!ZCFCK_`%Q@\C''/?ZC\J^C?VN?V6?BO^Q3^T=\6?V8/C3IHLOB!\)/
M%>H^';N^MK;4K70_%NCQRF;PUXZ\+/J]CIU_=>$/&^A2V'B3PS?W5A:3W>D:
MC;R36MO<+-;P_.1Y_P#K_AP>_/TI:?EU^[^NOS&(`3SGG&".WKCD>XH^I.,G
M&1S@<CN>F.^<_ED!'Y8!`Z9/)Q@$Y&#[49)[#!/7KT'!X]_<=N_0^7;;^NG]
M7`7CIQWXP.>AS[X_ST%)W_/KU';@]LY&/:E)]3@]NIZGCCN>/Y]J0L%&YNP^
M8C)P`,D9`/0=J8'[_P#_``09_P""+6M?\%3OC'K7C;XMVGB[PU^Q9\(;ZYTK
MXG>-/#6I0^&]<\=?$";0'U'P_P#"GP!K>I:#X@L)]0L9KWP_XC^);6UB9]!\
M$ZC9VQU+0M?\8^$KZ;_4%^!?P`^"?[,OPVT'X1?L_?"WP7\(OAOX<M[:'2_"
M?@70[31-/:>#3K#2_P"U]6EMT^V^(/$=]9:981ZSXIUZZU/Q)KTL*7FM:K?W
MADN'_+7_`(-Y_P!G*Q_9N_X)'_LE:6?#T6@^)OB_X-D_:)\9SI?IJ$OB/4_C
M/='Q1X3\0W)BU+4;.UFG^%DGP\TZ/3[<V3VEMIEK'JVGVFO#5(Q^V%`,*_#[
M_@K]_P`$1/V<O^"H?PP\0:UI^@>$?A)^V#H]C<7_`,-OVB=,T.WTZ_U_5;72
M+#3=.\%?&^YT:P?5?'OP\OK/1M)T>TN]2M]8\2_#6*"+5?`NVS;Q!X3\7?N#
M10!_AL?%WX4?$#X$?%;XD?!/XK:"WA;XE_"3QMXE^'7C[PXU[8:DND>+O".K
MW6AZ[8PZGI=Q?Z3JMG#?64AL=6T?4+[2]4LY(K_3[JYLY[>>3STCD$=^,'IW
M/OSGO]>]?T__`/!VM\`?!'P?_P""G.@>/O`^F+H\W[1O[/GA'XH^/+*UM]/M
MK";X@Z7XO\:_#S5-;LH;&PLE236]!\)^&]3UE[N34-2U'Q+-K6LWEXYU2*W@
M_E_Y.,<8'].A'/(X_`FCO;773IIY[Z_\-Y@KV5U9V5TG=)M:I-I-J^SLKK6R
MV%_'CZ_3'/7_`!S1WQ[9]_Q_S^'%(<<D'N!WZYY&,X_D<<TI.,\=P1VR>!P>
MW'&.,^]+Y??\N^OWV=UL`AZ^@&>>N..YY]?]GOUS1P/3/3/OV'<]/KQ2XP<G
MGI_,@?SQ7T_^QE^R%\8?V[_VF/A7^RI\![/2KCXB?%+5[RUM=2\0WXTWPQX6
M\/:)I5[X@\7>,_%.J&.>:WT+PIX9TS4]:NX;"UU#7-7DM(-#\.:5K7B'4]*T
M>_8'S+;P3WES#8V<$]Y>73K%;6EK#)<W=Q+(RI'%!;0A[B=Y23M6*-V."01U
MKZSO?^"?O[>VE>`8?BKJO[$?[6VE?#*XT[2-:M_B!J?[.WQ<L/!<^B>(?L9T
M#6X/$ESX232I])UM=1T_^RM4BN'T_4)+ZR2UN9C=0E_]3S_@F7_P1=_8U_X)
MA^$K`_#'PG;?$;XYSVMI)XL_:0^(V@Z!?_$F^U5M"DT?6K7P-<)8R-\,?!>H
MM>ZTT7A+P[?W%W+INIKIGBGQ+XP?3[+4(_UUHM9[W6CTTZ*ZU6ZUZ6OM=:M:
MM.VCU2YDGKJDVE+5/=*Z;6_*[I?X4&H6%_I-[/INK6%_I6HVA*76G:G9SZ=?
M6SX4A+BSNXX;J%B'!'F1*..WRYK'CKZ\8SSS@?\`UZ_V1_\`@HK_`,$M?V2O
M^"F'PMU;P-\>_A[HD'CZ+2([+X>?'K0=%TRV^+WPSO-/DU2ZT9=%\6"&'5=3
M\(PZCK6I76K_``^U74)?"6N-?W-R]G9Z]%I>N:9_E:?\%,/^">WQ5_X)E?M:
M>.?V8/B;J">*[#2X+'Q5\+_BC8Z)JF@Z'\6/AAX@627P[XNTS3]35VLM3M)H
M+WPSXUT:RU#7-,\.^.M!\2:%IGB/Q)IMA9:]J1\^^GW:[?KWNMA]79.UD[Z6
MU;T[W6EVTEJK7UM\!=.N?7M@8Y/J>?QQVQ1VZCID=A@8^O']/SI#@]R,=.<'
MCJ1^?7_]=+Z].#U!P#QCG//;GCCB@`QG/Z]S@]??!QVZ4@'J/KDYYZ=`,=/\
M/6E(_GU_$''X_P">U';G'0_ID'K_`)]^:7:]NW_`0"8/(XP>V<?7`QW],]>]
M'3GU&.<CIGJ3G'?J,^]!P.P^OH.W`'08[GKP,<4[KVY_SZ?6C3;^N^K[Z]]?
M,!N2`<YX'4]>,^O7``^OM2GY1SZ#V!Z]!_GTSZ)G@=\G&1TYS^G:@D*I+'A5
M))P<8`)/`_EW]J>W]=W_`%^H"Y^@Y/H#V]N>>G^\?:OT\_X);_\`!)W]H_\`
MX*L?&B+X>?"2Q'@WX3>%[K3I_C1^T'X@TFZOO!/PM\/7,P9H+*TAGL&\:_$+
M5K:"Y7P=\/-,U/3KC6[R$W.MZOX7\*V.O>*M%_1S_@BK_P`&[OQ8_P""CT%A
M^T)^T)J?B7X"_L>66HV;Z'J$>D%/B1^T-+9:K;)K>D_#:'4IK2'POX'@T^'4
MK._^+FIVFL6A\0&RT/PGX8\62P>+-1\&_P!O_P"UO^VE_P`$[O\`@@_^R99Z
M#I7AOX>?#Z+0]#MK?X)_LH_"E]#T?XC_`!6UR2QETC3-4GTY3>ZY_9-X_AUS
M\1?COXXAU4"73[B;6-5\5^/-2T/PYXD.^K\M/33I96N[ZZZ;.Z'>ZM;5ZW=K
M*SU6C3=[)IM63;O=6?ZN_#S3K'2?`/@?2=,-U_9NF^$/#&G:=]NFAN;Y;&RT
M6RM[7[9<V]M9V\]V+>*+[1/#:6L4DP=XK>%"D*?`?_!'S_E'I\$O^QG_`&AO
M_6F?C'7WY\/-0M-6\`>!M6TXW1T[4O!_AC4;`WT,-K>&SO-&LKFU-Y;6]W?0
M6]TT$J?:(8;N\BAFWHEU<JBSO\"?\$?>/^">GP2_[&?]H7]?VF/C$:!]'ZJ]
M^]I7/TPHHHH$%%%%`'Y[?\$EO^47O_!/;_LS;]G3_P!57X8K_*M_X*X@?\/3
M/^"B6.W[9G[0P&.G_)2]?_EC^E?ZJ7_!);_E%[_P3V_[,V_9T_\`55^&*_RK
M?^"N7_*4O_@HEW/_``V9^T-CZ_\`"R_$`[>G2EU7H_SB!^>(''OW.>^,?7//
M!ZXH['';CD#OQ@<K[?\`UZ0`>W3GC'3ZGICM_DJ>![]!C'OZGG'Z\GBC;:W3
M^O\`(!.A'KTZ<GV'ICWXYY/>O]4S_@UH_P"4,W[/W_8^?'K_`-7!XMK_`"L_
M?D]2#VZ>F03_`/7[=O\`5,_X-:/^4,W[/W_8^?'K_P!7!XMIC6TO3]4?T/44
M5^)_[0?_``<'_P#!*_\`9<^-/Q$_9^^-'QX\3>&/BG\*O$$GACQMH-I\&?B[
MK]OIFLQVMO>FWM]9T/P;J&D:D@M[VW?[1I][<0$.4,C,DB(!:_\`5OS/VPK_
M`!^O^"[1`_X*\_M]L<+M^.E^<_,<?\4OX:SG&TL!C(`(W?E7]^O_`!%&?\$7
M_P#HY7Q=_P"&!^.7_P`P5?YTW_!5/X]_#']J+_@HG^UO^T'\%]<N/$OPL^*O
MQ6O?$O@?7[S2-5T&XU;0_P"QM&T^*]?1-;M-/U?3?.N+&X*VVHV-G>+&(S-`
MC$+0'3YKJNSZ?/\`0_/\]<XZ=.G?ZGK_`)S0/SZ\\#C(!R>._P"&!2<]?I@$
M]SD$9Q[X'TI??V]L'KWQGCUH$&1CK[]^YX]#CD#],U_4'_P:*X_X>NZ]QC_C
M$[XM=L<_\)?\,N?IC/Z5_+X3[]`3@\<<]^,<]Q_6OZ@_^#1;_E*[KO7_`)--
M^+0YZX/B_P"&77\A1_7Y>7]?D']9'_!TO_RAF_:!_P"Q\^`O_JX/"5?Y6?&2
M/Z]2.>QSGUK_`%3?^#I?_E#-^T%_V/?P%_#_`(O#X2__`%?C7^5E@#'(SVSW
MZ]LC)Y_,T`+G_'D<<'J3R/?F@\_C]<<=?49Z]>_TI`!C\?4CKZ\\GZ_3%+D9
MQS^`]<<=#R?84`'/^?K^(Z<^_H*_H@_X-Z/^"PFI_P#!-[]H^V^$'QD\8:I!
M^Q7\?O$4=O\`$C2I+6;6;'X5?$6_LH=$\-?&W1-,6Y6?38G>ST'PY\4YM)6>
M?5_`EM!J,VB>(]=\%^$;&V_G>Z<$9&>_/4G&3GTQ[C/O054@K@$%2I'`/S#!
M.1C''./YT?\`!Z=_7KV?3U5PWWO:Z>C:O9IVNFG:ZU6S6C33:/\`4:_X.0/^
M"1LO_!0O]F>W^.?P4\+W&J?M?_LR:-JU_P""-(\-Z#I%UXA^-_PQN[VUU#Q9
M\(;Z]!M==U+4M"5-2\;_``HT]+O6!!XGF\5>%-!\-OJGQ0NM4L/\N7:ZLRR(
M\<J,Z21RKMDB='96CD7"LDD9&QXV`9&!5MS*2?\`0^_X-7?^"NMQ\<OAZ/\`
M@G#^T%XLOM2^,'P@\/7NM?LY>+?%.O:=)<>/?@QH-OIEO/\`":T_M"2#6-6\
M6?"6W-SJOA^TMI];N[KX5QW<<5GHFB?#&66^_+'_`(.>/^"-$G[,?Q*OOV^O
MV8/AQ/8?LS?%/4+<_M!:'X;+W.D?!;XU>(M:FM(_%,.AVVGPOX0^%?Q2N[W2
M+2QE6ZO]"\/?%*ZO?#ZW'AJQ\9?#CPO,?.^UK+RUN^Z>FUO/:ZU?2RUO=^]=
M-)62NFFKN]TTK75VU'^0_P!N,'J/0;3[^W\Z4]#W';C^?WOY4<<^N".,9Z9Q
M_GZT<]/KUSZ^O7D?]\_C1_7]=?R&)V(^IQU'KZ#(!QTSSC\!MK!E(X(*G)*Y
M4\=L'OZXS^JXX[GIC.2?UZ'\O?'9/Z$=!T(QTXY_J/;HK7Z;Z_/3MU_R`_UE
M/^#;_P#:$TG]H#_@D+^RZ8?%-YXG\5?!.Q\5?L^>/[?4)-7N;WPKK/PU\0WB
M^$?"[WVJQJEU96?P@UGX9ZAHL6D7-YHVDZ%JNEZ#;RVDVE7.F:;^ZU?Y;/\`
MP:]?M5_M*_!;_@I)X+^!7P7\+/\`$WX;?M/6T_AOXX^`K_Q+=>'M(\+^%?"%
MI<>))OCQIMV\W]BQ>*_A7IEIJAMK+5-/OY/&6A:WKOP]T4:=XG\5:!KFC?ZD
MU,`HHKP#X-?M1?LY?M$:S\2/#WP%^.GPK^,6L_!_6]$\/_$VQ^&WC?P_XRE\
M&:IXCT=-=T"/6'T.^O8H[;6;`7L>FZC`\^F76JZ+XG\/PW;:[X4\2Z=I8!_F
MY_\`!UW^TAX;^./_``5+N/A_X7?3KVQ_9@^#'@GX,ZWJ^F:U;ZW:ZEXVU/4=
M=^*?B2!FM(4MM*O_``S+X\LO!>L:*UQ>W>G:_P"'-0BOY[:_:;2=,_FAYXYR
M...W;)!Z]/6OWX_X+W_\$BOCO_P3N_:1\3?&74M?\;_&[]FW]H[X@>)?%'@O
M]H3Q9<W/B#Q;#\1/%-[JOBGQ!\-OCAKY!+?%)F.J:UHWB>]6UL?BMH%KJ/B/
M1?*UW1?'/AGPE^`^1Z^WY9'3KGC\<<4?UV`,X^@'.,?YX`_(\<T=.>@_ET`Z
M<8_'C^0#QGCCZ8X_'&/K^-)CC/0C'4G&??!Y],G]12^Y:_?^6O3_`#`/KGCI
MU[\8/)R:_NI_X,OO@OX4GN/VYOVB=0T>VNO'6FI\)O@KX4U]KJ]%WHOA'6G\
M4^.?'NDI9Q7":;+;>(]:\/\`PZO)+FZMI[^!_"4$-E-9Q7.I1WW\*Q'?G..G
MKZ=.X)ZCI7]UW_!E[\9/"<1_;F_9[OM5M[3QY?-\(_C-X9T!X+AKG6?".D+X
MI\%>.-7@N8XS:+;^&]<USP%:74%U/;W<S^++%[6*XA2_-B?CM^GKMN-:7_#R
M=T?W>4444Q!7\:'_``>1?`#P9K_[*O[-?[2_G:'I_P`1_AA\9+KX8[1IMDOB
M3Q/X`^)'A_4=6OHY-62YAU&?1O!OB/PEI<MMI\MCJ%G:7?C6^N+:XTB?4+I-
M8_LOK^/#_@\7_:`\"^'?V+O@!^S0]\MQ\3?BE^T!I?Q1M-(@N=.9]*\`?"WP
MCXQTO5]9U:T:^_MBS_M7Q'XVT'3O#LL>F/INJ-IOBA#J5M<Z+]CO$[[QW6]T
MY+E;BI;;.VD7?1M.SM8F7172;DK;ZV?,TK2BVVHOJU:[<913B_\`.D^N3U_+
M([#KGZ<\]L4=,]..PQT[CV!_^OGT.>0">XYSR,Y'7CZ\-[&CU.?IT``STZ'I
MW_7UH_KMJ]K]5_P=B@Y/!Y!SGGI[=`?Y^AH/49[Y`ZD<#KUQWY[\^V:`>YSD
M#\^`>G3.3C],T[_(_P#K\\T)6_K^K>@"<9.<'H/7&>,?B>_?Z`4'TQU./;!/
M)QDD#'KG''6CU(ZGKW.?QQT]#CZ5[)^SW^SQ\:?VKOB]X+^`G[/GPZUWXH_%
M?X@ZBNG>&?"&A00"63"&:\U/6=2OYK71?#GAW1;6.?4_$/BCQ!J&F>'_``]I
M-K=ZIK&HV=E:S7,;_K^M@/(+:VNKVXMK&RMKG4+Z]N8;2RL;*"6ZO;V\N9%A
MM[.TMK='FN+B:5TA@@BC>65BB`$DU_>1_P`$2_\`@U[L=%A^&?[7G_!2[0HM
M1UM77Q;X#_8HUS1HYM*T:*-M-O/!NO\`[1LUS>2P:SJSL+O4]0^`DFE-I&G0
M+H-G\3M5U6\O/&OPGT?]0?\`@CK_`,&_7P#_`."8/AF\_:`_:?OOAG\;?VKK
M2TGUB[^)6H6RW7PA_9YT#09XM:DNOA,_C;2M'FLM=@&EQ:QKWQF\0:/H'BG3
MK"W&A^&H?"6AMXJF\7_F5_P6S_X.@K3PU_PLG]D7_@FMK=KJ/B.-F\*>.OVT
M]&UB"]T;0=G]H6OB[0/V?+6"SEL];U@NMEIEK\<O[7DT?2T37Y_AYI&J7TWA
M#XG:26LKVTV7;2VB]+K1=_,$U=I-723:OJD[I.V^K32?=.VQ^GO_``6(_P"#
M@']GW_@E]X9M/@!^S78?#?XU_M8VEC;:-IWPMTNY6;X2_`#0-%E;1X8OBT/!
M>IZ7+I>JV\6GR:;H/P>T'4]%\46NGPPZMKLGA+0KCPRWBG_-*_:._:)^-7[5
MWQ<\<?'S]H3X@ZW\4/BQ\0=0.I^)/%6O/!&6"+%;V6E:/IEC#9Z/X<\.Z+9Q
MP:=X=\,Z#9:?H>AZ9;6FG:3I]O9VT,,?DU[>7VI7EYJ6I7U[J6I:C=W%_J.I
M7]S->W^H7]W,T]W?7UY<O)<75U=SN\US<W#O-/)([.X=LUGW7$+]>@Q@A<?,
MJ]<'((.2.XXX--N_WMZZO7N[)O\`SO;<F,>5)::1C&T4XQ]W^6%VHK797=K)
MMV1_N1?!'_DC'PB_[)AX!_\`44TFOAW_`((^?\H]/@E_V,_[0W_K3/QCK[B^
M"/\`R1CX1?\`9,/`/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQTB^C]5^4C]
M,:***!!1110!^>W_``26_P"47O\`P3V_[,V_9T_]57X8K_*L_P""N61_P5+_
M`."B6#_S>7^T*.>O_)2_$&6SP/?&/Q]?]53_`()+_P#*+[_@GMT_Y,V_9UZ=
M/^25^&.GM7^59_P5QQ_P],_X*)9R,?ME_M"\$YQ_Q<OQ`.I/4\@\\^N*75>C
M_.('YX#ZY_'U/''3D?3VI?7OGL>W`X/7_)I.V.2".H)&,<_='8]>_P`V*4]^
M_'W??W],XQZ=>N:%_7GY_P!6`,8[\?AV&#VX_#]._P#JF?\`!K0?^-,W[/OM
MX\^/0_\`,P>+3_6O\K/D]>OKSCKW&><C_(K_`%2_^#6C_E#-^S]_V/GQZ_\`
M5P>+:8UM+T_5']#U?X_/_!=F0+_P5]_;ZRK$GXZ7@XCD8#'ACPT,952.<?U[
MK7^P-7)WG@;P3?W<U]J'@_PO?7ETYDN;N\\/Z3<W4\@`P\US/:O)*^!R\CNQ
M`.#@'`(_POC*IXQ)_P!^9..O3]V<#KQWY_!X.<8Z]CP2.O/XGCCUXQ7^YRGP
M_P#`49`3P/X00B19!L\-:*N&0MY4HQ9##IN.UN&&7*'U_P`3C]J"""V_:;_:
M.M[>&*WM[;X]_&2V@@A58H(8(?B+XC2**"*/$<<4**$C1401JNU551\Q_7_#
M@>'>GX<`]/0C\?ID?E1GOC`ZG/T&,<\>_P!#]:#P,=<Y';W//0=/SII/`/('
M0^OY]>H_']*/G_7;^NOEH`[H"3TS^63_`(\_C7]0G_!HL/\`C:[KWM^R=\6O
M_4O^&7]:_EZ]>6],#TX]>N#SN_6OZA?^#1;'_#UW7N?^;3?BT1[_`/%7_#'_
M`!H7]?\`!OK]X']8_P#P=+_\H9OV@?\`L?/@+_ZN#PE7^5GUQCI@^V"#TZC/
MT]N*_P!4S_@Z8_Y0S?M`_P#8^?`7_P!7!X2K_*S_``R!W/)^N3C@>HSF@!??
MC'K_`#SZ?YS0!^.<9]QCTZ#GTXH..IXZCG'/0\'/!!'\Z,CKGGDG/&1[C&>.
MWKQ]:/Z_K^ON`..3DD'IC/3MQD\_2DX(_,>_3D<]#_3]%^N/3]?ZY[D]A0!^
M6,<8Y[9].@_'IQ2_X?1OY6\OZUN!Z#\(?BS\0_@/\4_AO\;?A1X@?PK\3OA)
MXX\-?$3P)XCCL[2_71O%?A#5K76M%O)M,U:UO-+U>S2]LHH[[2=6LKW1]7L6
MN;+4K&ZL+J:UE_UEO^">O[9/[-__``7)_P"">%W<?%'P=X!\3S>,?#=Y\*?V
MN?V=I+K4KVQ\(>,L2K/%#'>/:^(M+T#Q3;V=E\0OA;XHTG5+C4]`,MI#I7C"
M3QWX(U>\TW_(H`Z>HR,X]>.@[=/7BOU<_P"".W_!43XC_P#!+?\`:Q\.?$[3
MM5UV\_9_^(.H>'?"O[4'PTT^$ZI:^-/AK!J4@'B72=!NM1TJQF^)OPVM]3U?
M7OAYJ;W^EW:3WFL>%;C5$\,>+/$]CJ!Y>G_!T&ON[/:WJSS'_@J+_P`$\/B1
M_P`$QOVNO'G[-?CBZN?$GA>!8/%GP=^)AT?4-)TSXE?"O7`9]!UR!;V"&!=<
MT5S<>%O'%EI\]_IVD^,]%UNPT[4]4T^*SU.[_/`@#]??L.H].!^/>O\`68_X
M*N?L!_`O_@MU^P-H7BOX.>+='\5?$#0_!^M?&#]C7XM^'+ZVFT76=<UO2+*[
ME\#:M_:5WI=M9^%_BG_8.C^$_$\^J/IVK^!M<LM/UB_A:?PUJGAG5/\`*-\:
M^"?%_P`-O&?B[X=_$'PSK7@SQYX#\1:QX/\`&?A+Q%87&EZYX9\4>'=0N-*U
MW0=8TRZ2*XL]2TO4;:>TO+>6-)(Y8MC?=(#VLG>]M4U:S3U6[\OGITN2G=75
MN5VY6G=--)WV25W>R3>EG?6RYK/'0XS[C&>_;'3L>GTIKLH4DG`7G./NX!]`
M<XQR!G'YTO!^G88'49]>_MVQ]:_;W_@@E_P2_O/^"F/[;&BZ5XQTT/\`LS_L
M^_\`"/?%C]H:]O\`3]?GTCQ5I5OK]M'X5^"5MJFB/8II_B'XL7EIJB-]HUO0
MKJV\!>&_B!X@T:XO=6T"RT;4@9_89_P:Q?\`!-C_`(90_8]O_P!K3XG>&38?
M'G]L2WTO6=$36-(CAUWP)^SSH\LMQX"T2U?5-!L]=T:;XFW\MQ\2?$L&GZW>
M^'_%7A[_`(5'=RVL6I>&O-'\H_\`P</?\%/]9_;=_P""@6OZ1\(O'NI+^S_^
MR;>ZQ\)/@QJOA#Q'<Q:9XG\56%^D7Q3^+>D:EX=\4:SH6JP^*_%EC)HWA#Q=
MX=N+&WU[X9>%_!&H36EO>S7I?^OW_@Y,_P""C?A;]@G]@F^_9L^#VM>'_#G[
M0/[47A^3X0^`O!_AT6=E>?#7X!&PET7XF_$&UT"'0;_1]*T%/#<(^$7@^V>Y
M\+ZC#K?C(^)/`EU=S?#77K>P_P`N\`!0H&`%"D*S$C`"X#$AN/7KWPII=7;:
M_I?;5[ZV[-KI<$W;5)-I72U2>ETG975UNTF[7LKM'KOC+]H+]H#XBV]O9_$+
MX[?&/QU:VVG:?HEK:^+OB5XQ\001:+HVD6.@:/HR1:OK-X#IFD>']+T[1-,L
M!MM-/T?3[/3;**"QLX8D]?\`V&?VX/C]_P`$\?VB/"7[2G[.7B<:%XL\/M_9
M?B3PU?\`VB;P9\4/`M[=V-SX@^&OQ#T:*YMTUKPIXB-C;.VR2VU;0M:L]%\5
M^%]3T7Q9X>T/6K'Y%'.<`8R,>^!CKCH#Z?EZJ<'TZY_`=?\``^WY4VV]VVTD
MKO71))+T222MHK66UA12CI%**O*5DDES2DY2;2T;E)N4GNVVW=MG^O%^SY^T
M1^Q/_P`%_P#_`()Y^,M#N-/N=0^'_P`4?#]GX&^/WP7O=:A@^(7P:\?V%W8>
M(],M+B_M(X]UUH7B;1=.\8_#3QN-,_L3Q-'I&GZC/H\-S:^(/"NF?YP/_!2C
M_@CY^U-_P3N_:PTC]G*X\'>,/C5H'Q=UF>']EGQ]\/O!VMZW<?';39=0MK*V
M\.:1X=T.#5M0B^+&AW.IZ3H_B_X=VRWFK6&I:AI&I:6^L>%_$OAG7M9@_P""
M+7[7_P"U!^R)_P`%`_@3J/[+?AN?XH^)?B]XW\/?"#Q-\!+GQ/-X3\.?&O0O
M&NH1Z$/#VKZS)=0:3X>U'1)-0_X2;PQXVU^*]T+P5K^F6.O^(-+U;P_::MI-
M]_KZWFEZ7J5UI=Y?:;I]]>:%J$FJZ'<WME;7-QHNJS:9J6A3:EI4\\3RZ??S
M:+K.L:/)>6CQ7$NEZOJ>GNYM;ZZ@E>FFKO:[5EH[NR6NJ:2U:3NVK.UV>]K[
ML;<R4?>=W&T>9OW/=DFY<L5S)I1;FG)J/^2+\+_^#>S_`(+)_%SPVWBSPS^P
MWX]T32Q<RV8LOBEXU^$WP6\427$,%G=.(_!GQ;\?>"_%@M6AO81#J4NCP:7-
M<)>627QOK"]M[?X&_:+_`&)OVOOV19-*_P"&G/V:OC+\#K379[VUT#6OB%X$
MUS0_#.OW&GBU:^@T/Q1-:'P]K%S9K?V#7MOI^J7$MK]MM1,BF>(M_ME5Q7CW
MX?>`OBKX0UOX??%'P/X1^(_@'Q/;Q67B3P3X]\,Z+XQ\(>(;2&ZAO(;77O#7
MB&QU+1M5MHKVVM[Q(+^RN(8[B"WN%598%D1=/.Z^[KI_P=.S'U\K.^FM[JSO
M?9*]U;5M.ZLT_P#&B_8*_P""?W[2G_!1WXZZ+\"/V;O"!U?4)I8+KQMX\UI;
MVR^'7PJ\+^>B7_B_Q[XAM[2[73].LUD/V73;."\U[7[[R='T#3-2U:ZM;23_
M`$Q_V!O^"8'["7_!#3]FKXB_$OQ?XM\+ZIX@L-"B\0?M`?M=?%?2-.T"^NM"
MT#6K'6="T+0-(DO?$(\$>%K/Q!;:#=:'X+\.ZCK6N^*O'-OX>FFN_$OB&T\)
M6NE_0GQ#\=_\$[?^"%'[&4FLKX4TO]GC]G7P_P")M5@\.^#OA]X>\1^+/$_Q
M%^*_B?2-=\3VGARRN;FYU76?$_Q`\8VOA2ZTC2_$/Q#\466CZ?I^CZ7I>L^+
MO#WA31;%]-_S3O\`@JM_P63_`&HO^"IGQ(U*Z\>ZQJ/PW_9TTC7$O?AG^S7X
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MBL<J\4R$,`4QV_87]@__`(+'_MO_``+_`&FOV5+_`.*O[9G[5'B[]F_X?_%[
MX50?$7X:ZI\8_&/B30K[X0Z=XCTC3?$WAN#P[X@\21:3?6=EX4^TQ:3HE]>6
M>D@6EO8M+86J+(CT\UWZ][OIMIIUUU0_>N[<KO?EO>-G:*BF_>NF^9N22Y5R
MI0EJS_3Q_;R_X*#?LO?\$Z_@]=?%C]ICXI:;X!AU:W\0Z?\`#CPY#H][XN\;
M?$?Q=I&B7&J1>'O!G@72KO3K_P`07)F73[.]OKW5_#'A+2+K5=(B\5^-/"=G
MJ=KJR_Y2G_!4C_@I'\6/^"I/[5FO_M'_`!*TC3_!^@Z=HUO\/O@W\,]*:&XL
M_AM\)]'U;6-7T3P_?ZREI8W/BKQ5J&J:YK'B'QAXKU&$3:GKNJW5KH]EH/A'
M3?#7A?0O]`#_`(.I?V9_^%\_\$K_`!5\1M)TG1KGQ5^RU\2_!GQHMM2N;3/B
M&/P==RWOP[\;Z+H5_%8W=U%9WMMXTTGQ'KVG/=Z=I=_;^#[/4+J2YOM#TBTD
M_P`N;@`9&!^6#UR1@#_!OP-3RVU[V\U[O97LG^-N6]THB33E*S?,E%-.]K:M
M-)Z6=VN:*U:<6VX6BO`('KTR<]/KWY_'G-&.G)`';\,#\/\`]=-[<D9X/OC/
M)'4$<9P!^%*#QSQZ\8[$G'0\?0_CR07^[2UOELW9?UOT*%Q_^OOSU/;K[=Z.
MW7'<XZ\]^._OSG%(2`#NQCKDD!<*!SWP"0<YX[?+FOZ!_P#@C1_P0/\`CW_P
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M_P#B;I^DV'Q`\<SW4^CI>0ZAK<45]J^D^$KW7K/0M'^''P3\)7-]8G5VT73]
M)TOQ;\2O$.J^(O%D/Q:^./\`P3?_`.#?3]B[P7H%[I\7PS^&&G7TFD^`/A?X
M`T_2?$'QK^.7C@PZ8OBGQ#::=?ZGX<_X3/Q9]D;3M2\<>-_$NLZ-X>T.R_L+
M1KC5](@N?!V@3?YO/_!4O_@K_P#M3_\`!4[XH:GK/Q-U_4_`?P"TG7HM2^%/
M[,/ASQ%J%W\./`T6EQ:O8:)K_B&,II]K\0?BDNF:YJ\&K?$;6=)MKPMK.KZ;
MX7TWPKX3GM?#5D^^MUT:Z^>O1^GGN]!:I-IIM7L[77D[-JZ=T[-J^SZGZ#_\
M%K_^#B;XJ_\`!1F'4?V>?V<K+Q+\"_V.[/4+Z+Q!%+JK1?$;]HH6FJW8T?5/
MB!+8QVJ>%?`2Z?%IU[I_PHL9]5C?6VNM9\7^(O$<L'A?3?"/\SG`P``!C`QC
M'0\$`<#&.G7^:]\<_CT'UQUX/`YZ>H-!P/\`/3J<G\1^=`!R0>Y/8\\=`,''
M8?GFH+G;Y$F[(``P!USN`4]\#.,XQ\N>]3D9R`<=#]>>.QZ8_P#UU7NO^/=\
M_P"QUX/WUQD?S]^WHGY=&EUVNK_\/KZ[@?[D7P1_Y(Q\(O\`LF'@'_U%-)KX
M=_X(^?\`*/3X)?\`8S_M#?\`K3/QCK[B^"/_`"1CX1?]DP\`_P#J*:37P[_P
M1\_Y1Z?!+_L9_P!H;_UIGXQTQ]'ZK\I'Z8T444""BBB@#\]_^"2__*+[_@GO
M_P!F;_LZ_P#JJ_#%?Y5G_!7(?\;3/^"B7_9YO[0O/?CXE^(#^7'^<U_JI_\`
M!)?_`)1??\$]_P#LS?\`9U_]57X8K_*L_P""N7_*4S_@HGZ_\-F?M#=LD?\`
M%R_$';\/TI=5Z/\`.('YWG)&,CT/R\]SV)!(R3[>U+GOD8&".N??(Z<\CIQS
MQ2X'&,8__7^?K^N>*3N.#C//..G3`R>/IZ=#BC3_`(?OM]_3\`#@G!!]>_4[
MN#GG''\N*_U2_P#@UG_Y0S?L_?\`8^_'O_U</BVO\K3U[`\]L=@03Z^O_P!:
MO]4S_@UH_P"4,W[/W_8^?'K_`-7!XMIC6TO3]4?T/5\C>-/V]_V&/AOXKUWP
M)\1OVTOV3?`/CGPO?MI7B?P9XU_:,^#_`(5\6>'-32..9M/UWP]KOC&PUC2+
MV.&6*4VFH64-RD<Z2/&%<,?KFO\`'V_X+KP0#_@KW^WV%AB7/QVOW^6)%^:7
MPWX<ED8X!&9)7DE=CDR2.[MR^:/Z_+^O,1_J7?\`#S#_`()P_P#20+]B3_Q*
MSX$?_-Y7^.O^TEJNF:_^T7^T!KNB:A;:KHVM_&_XKZOI&JZ?<1W5AJ>E:C\0
M/$-]I^H6-S&S07%G?V<\5S;W$#E)H)8Y(V*,AKQ40Q8'[N+V.Q3STR3@9I^T
M`?=``"J#@#@9`'"CA=QP.@R*/Z^X`!R.!Z=<^GKCG_)S2@=/Q_7'N>XS_DY3
MG'&./0=1P<`9[C_ZPYI>![?_`%S_`%-`"9QWYP<>O7(X)QG'&-IK^H3_`(-%
M_P#E*[KW&<_LF_%LX]?^*O\`AB,<@?3YB/Y8_E\]?IQR?QS[Y[]>?S_J$_X-
M%O\`E*[KW_9IOQ:Z]1_Q5_PQ_7\^*`/ZQ_\`@Z7_`.4,W[0/_8^?`7_U<'A*
MO\K,GW'X^OIR1@_7\Z_U3/\`@Z6_Y0S?M`^_COX"YSU_Y+!X2].,^N..N.U?
MY6?`SCK[GD].Y)Z\#\J/Z_K^M`%_3CO_`/K[=_YT'V'3IR?U]3_GBD_Q[`CG
M)Y]0#@]N_/>E/TYZ'U`)Y_(_E[4?G_73^K`)CCGDGKDY&>>QQ@#CIS1[9SGI
M^IY]CT/L/R!CT/8_Q=<8[\]N_'-*N>,=,<8SGI].1C^N:``9('(Z'GMVP<?G
MFD]1R>,\^O..V0?H.WK1Z=0>,GKS@]<8X!_#MTZ!Z$G!(&0<8/ZY_P`]J/Z_
MK_A_6X']H_\`P:J_\%=+CX9^/['_`()F_M`^*[Z7X=_%#5[B[_9.\1>(->TF
MTT+X<_$6[_MO7/$GP>\W6'M9DTKXO:A.EYX"TVQU1EB^*._P]HGAO4]:^*4U
MW9?MQ_P5R_X-O?A;_P`%,OVF_!O[3_@WXUW?[.OCG7K.V\-?M'7$?@I_B%!\
M1M&\,>%1H_P\\5^&]-G\2>'(]&\=:'#I&A>!M;ANKYM!UKP9_9&KP1Z9KW@V
MYLOB#_-C_P`&I7_!.;PA^U9^UEXR_:U^*]FNK>`_V*KKP'XA^'OA[[?>6$FL
M_M#>(=3OM8^'_B&\CATV2/4?#_PRT_PGJ_B6:P&M:->+XWN/A]<S0ZWHMOKV
MF2?Z7-`]?R_"UM/NWT9_(!J'_!FU^P9-X4TNRTS]IC]KBR\;1:9-%K?B6]U3
MX1ZAX<O];?PKJEC;WNE>#K?X8:9>Z/I,7C2;1O$4FD77B_6[^?PSI^I>$4U^
MVU;5K;QMHW['_P#!-G_@GA\`?^"+'[''Q%\*0^/+KQE:Z9>^.OCI\>?CKK'@
MF/1]>U[3?#FBSWB'_A'/#/\`PD^O)X<\!>!=#2#1_#%KJ?B>Z?59?$VM:-;1
M7GBR?34_7"BCM>VGE\_S[W?W"6E]]7=ZM]EI>ZBM%HDE>[M=MO\`QF_^"H/[
M?WCK_@I9^V5\3OVH/%\$^B:!J\EGX/\`A'X#.JZEJFG_``Z^$GA(367A/PY8
M/JES/Y%_JCR:AXV\9-IT.E:3J?Q`\4^*M:L-$T6VU%-,M?SZ[<8SR.W7OZ\Y
M&2>?ZU_<C_P5,_X-<?C[\<OV_P#7/'7[`OA[X+?#+]G'XT:);>.?%;>,O$O_
M``A'@#X-_%$QZI#XR\/:'X6\.V_C7QQ>Z%XSO]+L_%NCV_A?P3#X8\.ZWXVN
M?"]C9Z!X6T&*>TSO@Q_P9>^/;_24O?VB?VZ?"GA774U)XYO#/P3^#VL>.M(F
MTJ.VLY(;H>.O'?BWX>7L&HRWKWT$EA_PKJXM(;6VM+E-0NI;^:RTY*W3\K?U
M_2!_?M^7Z;'\0'''Z?\`UJC+*&`9T#'&%)4,Q)P#M)W9[<#T^E?ZB'P9_P"#
M3W_@D=\+-6N=3\8^%_CU^T1;SZ<;*VT7XT?&6[T_2--NS<VTZZQ:Q?`S0/@K
M>3:C%#!/8QV^IWNHZ,;:_NF?23=1V5W:?:^J?LW?\$.?^">'A_3=*\:?"7_@
MGK^STWA7PW>^)]-N?BQHOP<?XLZCX?DU#6KD:G;Z_P#$I=8^,'CV2XU&VU32
M]#`U+Q!J-W/:'PWH,<ILK;2XFE=I6>K2LM7J^BZOLNKTOU%)I1;NE9-^\[15
ME?66MEW=G9:V>Q_&O_P:-?LQZAX^_P""BOBS]H'Q)X/\;0>&_P!GKX!>,-:\
M&^+%\.ZC;>#X_B1\3K[3/AO8Z9JGB*\TJ;2VO-3^'6M?$V[TC1K:^L=6U.33
M+W4[::XTW0]9M)_]*VOR%^$W_!=?_@E9\=/V@?AQ^S1\*/VLO"_C'XH_%:XU
M32/!D<7A;X@Z#X4U#Q58K;2Z5X,E\:^*/"FA^&H?%7C&.6_@\%Z>-2E@\0ZQ
MI1\+VEXOBWQ!X,T+Q-^O5']?UV^8[ZM:JUD[IKHGHVDFK/=75[J]TPHHHH`_
M'/\`X+X?!'1?C_\`\$E?VT/"6H#PK'K/A+X4:S\;O!][XG2/S[#6_P!G^(_&
MS57\)S_8[R_MO%>H^!/`OC+0[)]-C@DNK#5M5T[4;VS\.WVLW"?Y$*D,H<C&
MY1GE6`R,D`@X8#U/!/J*_P!O_P#:%^!O@O\`:9^!GQ;_`&>OB1/XIM/`/QH\
M`>*/AMXPG\%^)-1\(^)5\.^+-+N='U-=*U[2G66WFEMKJ2.>RO(M0T36+5Y]
M'\1Z1KGAR_U/2;W^&C]L3_@SB^)_A[^V_%'["O[2?AWX@:3$OB?5+#X1_M!V
M$W@[Q?#96,$=YX;\+:!\3_"EGJOA3Q9XBUG_`$K2/MWBCPK\+?#]I?)IUU?:
ME:Z=>WUQHZL[.[6Z2LG=)I)W=VF[W=_=LFE9V;:5[M6TU:=DK)*.C=[MMWLT
MDM+:.SE_$O\`0XX(YR>GT/7_`,>_(TCKN5E)P'5E'RY.6'7L3C()''K7UG^U
M+^PE^V-^Q1KIT+]J?]G/XI_!LRZMK&BZ5XD\2>&+V7P!XGO]#GCM]27P=\1M
M,%_X%\8V]H;FRE>\\-:_J=I);7MC>Q2M:7UK--\F1;I=BQJ9'DD6-$CW2,[L
M^Q4B$:LTCL<+$BKNE8A=JN<4_P#@?U_6XS_7,_X)9?%^P_X*@?\`!&SX1O\`
M&/Q+)XHU3XO?`'Q_^S5\?-2TCQ"=5\9/JFDVOB7X*>+M1\2ZGKTWB*^M?B)X
MK\,6]GX[U"Z\1P7<E]>>*K3Q(--?2-6L$D_R</BG\-_$WP;^)_Q'^$/C/3[[
M2?%GPN\=>*OA[XDTS4K"YTO4;+6_!VNWV@ZE#>Z=>!+NPN5N;%Q):74,-Q`X
M=74-M%?Z6O\`P:U_LB?ML?L@_L:_%?P_^UAX-N?A5X0^)OQ8M/B9\%_A/XLM
MGTOXJ^&'OO#=OX>^(.N>._#EUI=MJ?A*U\3MX?\`!</A[PSKFI-KEI-H>O:I
M>^&?#UOJ]K?>)/2?VWO^#9;]@']M_P".GQF_:5\2>*_CU\*OBW\99H-:U9?A
M=K_PXTCX;V/C.U\):7X;'BO_`(0:\^&=W>:C<Z]J&D0^+_'8?Q5:ZGXN\3ZE
MK^K3:S8WNLS7<3ZN^COKI9>=TETTVVU5GI:5I%.+4H\B:L^9RT3C:;E9W5[N
M3=W9\RL[_P"6+CCCCT!P`/PY[\\8Z=,YI\44DTT4$,3SSSS)!;V\$3R7$\TS
MB.&&"&-7EGGFD(2*.)#)(6551WY;^KC_`(*$_P#!I]^UU^S+X=/Q'_9$\;K^
MVCX+AN=&M=;\!Z;X.E\%?'G1+C5K^\L7U#2_"-MJ_B+P]X^\+:2$T4ZKJNBZ
M_IGBJT?6)KM?`<OAS0-7\0Q?T0_\$3/^#<_X/_L+Z#X+_:-_:W\/>&_C!^VV
MM[IGB_P];SW+ZY\.?V9+FUM9WT[1/!5A%<'0/&GQ+L;BZBU+Q!\3]4M-4MM`
M\0Z;HUK\)8]&CT"^\<>/5_7]:_K]Y1^1O_!$'_@V)O\`Q[)8?M0?\%0OAUKW
MAWP4D=P_PT_9$\1-XA\'>+?$U]LDM8_&/QVBLI]'\2^$]#TF8-<^'/AI!=:7
MX@\1ZM;VNH^.)+'PAI[>%/'W[P_\%=O^"ZW[-W_!(_POI7[/_P`)?"7A+XI_
MM.VO@ZQL/!?P&\-7D'AKP!\$/"W_``C_`-E\!:I\3(_#MFT?A_0K:W71;KP[
M\*=$_L+Q#KWA"-)K74O!FC:EX<U^]_-+_@N)_P`'-'@OX8:'XB_94_X)K>.M
M+\=?%W5$UOPY\5OVG]`\^X\'?!V.WO;W1;WPU\']0GABLO'/Q)NA:S7;_$71
MGU'P'X,TFXTR;PGJOBOQ=J=U<_#O^`'Q;XN\6>/O%?B/QUXZ\2>(/&OC;QGK
MFJ>)O%_C+Q9K%_X@\3^*/$>M7DVHZSK_`(AUW5;B[U/6=:U74+F>]U#4=1N)
M[JZNIIIYYGE<[SKY:Z/7TUTVWVW2Z736ME=V:Y7>*M>UFU:7-I*S36Z3T=TF
M>L_M+_M.?'7]L+XQ^+OCS^T7\1-;^)'Q/\:WLEWJ>MZG*L=GIMH&`L_#WAG1
MX432O#7AC1[?R['1?#^D6EIIVG64,<%K;I'$,>#YZ`^X^OX'MG/3MWV]#OP/
MY?4@]3[]J#TS@\9QQGGIV^O3W[4/7=MM66K[6M]R2MV6P)):))*[>BMJVVWZ
MMMMOJVV]1#SZ]`<C/<'IQU[?Y&5(R..X.<_CT]O;ZX]STYY_PZXS_P#7X_.C
MVZ?3T!X'X@]/K1_7]?\``LAB$`\_S..,'TR#GG\":BN0?)DP`Q*Y.[!Z8)8=
M,,J@L.OS#'J*F'MV_4Y((Y_F<"JUS_Q[OQC`3H.`=ZY`R`3CL=HSG[OJ?U_7
MJ!_N1_!'_DC'PB_[)AX!_P#44TFOAW_@CY_RCT^"7_8S_M#?^M,_&.ON+X(_
M\D8^$7_9,/`/_J*:37P[_P`$?/\`E'I\$O\`L9_VAO\`UIGXQT#Z/U7Y2/TQ
MHHHH$%%%%`'Y[_\`!)?/_#K[_@GMGK_PQM^SKGZ_\*K\,5_E6?\`!7+C_@J9
M_P`%$O\`L\S]H;MD_P#)2]?'0<G^E?ZJ7_!)?_E%[_P3VZ_\F:_LZ],9_P"2
M5>&.F>,_7CUK_*M_X*X\?\%3/^"B6/\`H\O]H8>O3XE^(/4Y)Y]>W)I=5Z/\
MX@?GCTZ>_'KV[]A[8I.V,YX/4]N.X&?\><YI?KZ__JZ@?IGZTF<'TZ9R!@'Z
MXY[9S_(4_P"OZ_KT`7KU&.>>?;KD$'T_J*_U2_\`@UGS_P`.9OV?L_\`0^_'
MK\O^%P>+<?I7^5GGUSTP"<'.[Z<8X'^>O^J9_P`&M'_*&;]G[_L?/CU_ZN#Q
M;0-;2]/U1_0]7\&O_!2+_@V"_;W_`&Q/VZ_VGOVGOAU\6/V5-#\#?&;XF7OC
M#PII/C#Q9\4K+Q59Z//I&EV,$&MV6C_"?7-,M;]7TUDECLM8U"W<-#.LZ"1X
M+;^\JB@7]?=_PY_FL_\`$'=_P4M_Z+7^QIQ_U//Q@]/^R+\_4_6OPK_X*+_\
M$\OC'_P3&_:!L/V;_CGXH^''BWQO>_#SPY\28M2^%NI>)=5\,1:'XGU+7=,L
M[&>[\4>&/"NHC5H)O#M[).D>ER6*0S6BV][*7DCB_P!GJO\`,:_X.Z?^4KV@
M^G_#)WPEQT[>,/B<#^O'/3%`UU\E^J7ZG\O??D]<=3WY['.,]/\`#&:0=,_-
MW/?&,X&,\8YY)]>,;:7ICC.!^/3C`QW_``H],?\`UB..@[>W/Z9RM.GI^2?W
M6$`Z\_H>V>^<\@=_?OBOZA/^#1;_`)2O>(.O_)IOQ9^G_(W_``Q__4??'>OY
M>L\$DXQZ9([#T]?_`-?.*_J%_P"#17_E*[K_`$_Y--^+1[?]#A\,>>.^.N/Y
M4P/ZQO\`@Z8Y_P"",W[0..?^*]^`A_#_`(7#X2/\J_RM.F>>1R>_'H!GC_\`
M5UK_`%3/^#I?_E#-^T#_`-CY\!?_`%<'A*O\K//8=1CIV]NN/_U4``ZGGD^I
M&0<<=`?K_3K1G!`]>O7ZGOZ]..E+QV`Z#'3)X^OUQTXJ(S1<$2)Z8WIG\3D]
M>_/XTOZM]W^733U`EY_+&#D@Y]P!C^?X#-`)Y^OJ..G'!//7_P"M2#!4$'((
M!R,X((X(QSCCH#T.?>C.1QC/3!SC/?CK1_6O]?A_P0%S^?YXS]/3^5'3Z`=S
MQWSUR3V[<=15BTM+O4+NVT^PMKF_U"]FCM;*PL+>:\O;NYE<)%!:VD"2W%S/
M*S*J10QR2,2``37]._\`P3O_`.#6#]N3]JO^Q?'?[4CS_L6?!J\'VC[#XYT5
M]3_:!\0VOEZS"(]+^$KW-E<>#!%JNG6=K?/\4-4\)ZU!INJ6VMZ/X=\16_[N
M1A_7]?>?T=?\&?'V#_AUQ\3!9^7]H_X;5^+1U3;MW_;Q\*?@-L\W`SYATK^S
M@/,_>>5LQ\@4C^K"O@/]DS]E#]BS_@E3\#/"?P#^#,V@?!GP'XY^)^A6-I>?
M$SXER3>(/C'\?_&V@^&O!EK.VJ^-M;B@UKXG?$>U\$:/#9>"_`UEH^FWMWI\
MMKX.\%:9;)]AC^_*`?\`EMZ?U?S"BBB@#\<O^"UG_!57_ATQ^S#X1^,^B_#/
MPW\9/B!\3?BC#\)_!O@77OB$/`RZ=)>>`_'/B>X^(UW9VF@>(-:\7^&/!NL^
M'_#6E>)/#^CKX?>Y_P"$QTN!_&/A^YN[&2Z_B2^-?_!VE_P5<^)T=A;_``XE
M_9\_9R@L6U(S7?PV^%)\8ZSK(O!9"U36)_C?K7Q.T@?V2UM<O8/H>A:$)O[1
MN5U1-3CCL!9='_P=._\`!2CX;_MI_M5?#C]G7X&:]I/C+X2_L?:?XSTS7O'^
MC(\FG^+_`(X^/;_18/'EEX=UF#5[W3/$?@SP)H?@SPIH&DZY::7I,TWC&\^(
MOV:ZU[PZOA?6I?Y;/7..,=O3J><>O!Z#^9_7]=?ZU#^OZ_KT/NCX^_\`!3C_
M`(*%?M12:FGQU_;)_:!\=:3JWB"Y\3W/A%_B'K/AWP!;ZU<O>%KG1_AYX3FT
M+P5X?@M8M1OK/3+#1-!L++2=.NI]-TR"SL9#;GX8NI9[V>2XNYI[VXG8O)=7
MLTMW<.[%VDDDDNGD=G<\[LN2S;G4JHR#D9Z9Y.<X`SU[XZ^V?Y;OA7PKXG\=
M^*?#/@?P-X<UOQCXW\9^(-(\)>#O"/AC2KW7?$OBGQ1XBU"WTK0/#?A_1=-M
M[K4=6UK7-4N;33M,TVPMKBZOKZ>"UMXI9Y$C8O?=O3379:WM\[W5N[OJ))*]
MDE=W=NKLE=]W9)7[)+9(^E_V%?V2/C?^W'^U3\(OV;/V>(X+/XF>,O$*W]AX
MGO[]](T?X>Z)X7BD\1^(OB)K6JPYGL=,\&Z-IMUK4:Z8MUK>JW]O:Z'X>T[5
M/$>HZ9I=Y_L)ZU\5?A=^QC\`?A==?M4_M&>&=&TSPYIWPI^#FL?'+XQ:YI7@
ML?$;XD7]EI7A"UUS5[C4M2FM+77/&NL6U[XGUJ,ZA=6>B61U[7M6U"'0-$U7
M6;3\J?\`@A__`,$HOAS_`,$E?V1I_B!\;+'P=H7[5GC_`,)WOC+]J/XKZQXD
MT;4-#^&_A/29+OQ!9?"_1?&,]OIVB^&OA_\`#WP]:6>K?$._MM1O](U_Q]::
M_P"([KQ=KOA#1_`B>'OX:O\`@O;_`,%=->_X*@?M-SZ!X'U&VB_9#_9\UWQ;
MX<_9_L+"ROK-_B!)=WEOI^O?'#Q'_;&E:1XCDO\`Q_;:-I<OA7P[K%A81^"/
M"4-CIL>C6WB;4_&6K^(4K^=NU]/7O=:K77?34=E>]E=)J_6S:ND];7LGYVUO
MH?ZN&@:_H?BK0]$\3^&-:TKQ'X:\1Z7IVN^'O$&A:C9ZMH>N:'J]G#J&DZSH
MVK:?-<:?JFE:I87,-]8:A8SW-G?6=Q#<VTTEO)')7S%^VM^VQ^SW_P`$_O@-
MXA_:,_:6\3ZMX:^'FB7D.AV*>'_#&M^*]?\`$_B[4[#5+_P[X*T#2]&M9H8]
M9\2R:5<:?IE]XBO=`\*VMZ\#^(/$FAZ<7OH?\7OPAX_\7>`-6T?7?#/B+7=(
MN-"U?2M>MX--UC4[6TDN](O8;ZV$EO;7,43Q"2$+^\CV+&S;E7!6O]:[]N*S
M\"_\%./^"(GQQ\1Z*LJZ!\??V+S\>O"&F^&O$6FZO)I7C_P?X5TSXY>"/"EY
MKHTR2SOE\/\`Q/\`!NC>%_&,"Z7I^HR+I^M::@T#6")=-JU]KO6VW?;YO73R
MZ]%S)/WG%*W-J];+XFUHE%)QUYNNO+HW_GC?\%!?^"Y?[:G[:G[7FF?M+>!/
MBC\2?V:-`^%PU[0OV=/`WPM\>:WX;N_AKX2U]1:ZU<:KJ^A7-A_PD7C7QSI\
M-M'\0M9GA6TU:V@LO#T%G#X:TK3M+L_TR_9!_P"#O/\`;H^$\]CH_P"UK\//
MAO\`M:>$S?:A=7_BC2M/TSX'_%U(;FQBM[&RM-0\%Z1_PJV?2]+OH1J`AF^%
MT.K:@EW>V<_B***2PFT_^2J,L8U)R&P0X(PRL"5=-I`(*L"G/.!\V[EJ?U'.
M0?;KQVZ]_KQFE?T_/39[^ORT:U'OITNGNULT^C3ULK]UH[IM'^LQ^RA_P7T_
MX),_M_Z-XB\`3_&+P[\+-5UW2M6T37_@Q^V+IWA3X8'Q=X6U:WTS1M1TP7GB
M#7O$'PA\;VWB)?$<VB2^!].\;ZUXDU2SM==FN?#$GAZV;4)NNTG_`((#_P#!
M,/PG^U_\-_VT?A]\!_\`A6GQ&^&'B[_A8.B>!_`FN3:)\%[SQ_;7NIZMH?C&
MY^&[VUU8Z-J'A/6KVQUOPQI7@F]\)>%=(U+0="">'I+2VNK6\_R.&57&'4,!
MR`1GGIG&.H!ZCU/UK_3(_P"#076KS6?^"7/Q"%]J^H:M+I'[9'Q4T9/[1U"]
MU!M,MX?A9\"[JVTRT-[-*+.RCAO(;B&SM/+MDDNI91$)IIF(FUL[;:]59III
M[IZ;K7IM=,:4OBUMT;=I)KEY6KI25F]'=;.R:37]45%%%`!7\6__``=M?MI_
MMR?L\>'?@I\"/A!XPB^&?[*_[3OP]\>>'_B5XE\(I:6WQ&\=^*/#NM:8WBWX
M:ZGXE::;7O"G@23P?JWA1KF'PM'X>N/'%AXA\:>$_$FK>(/"\FHZ#%_:17Y*
M?\%@/^"5'@K_`(*U_L^^!/@GXA^)C?!?7?AW\5K'XF>'/B;8?#O1_B'KEO;Q
M>$_%7AC6?!ZVFH:_X5O+3P_XDEU_1]8UJ*QU^T2]U+PAX>EN[>[%E!);G_#:
MW[KS6O17ON'5:VL[^O2ST;TO?2SNM[73_P`?]=J*````?E```'<84?*#R,Y4
M<@4X]N>G7WX_#Z_T]/[!/BM_P9O?MJ^'1XGO/@]^T]^SI\2K#36URX\,Z;XL
MLO'_`,./%7B:RLA/-H]I);6VA^,O#.C^(-:A2&$VEYXG&A:;?3I%<^)I+!)-
M4'RKX0_X-4O^"JDGQ[\$?#WXB?#OP-8?!6_^)VA>&?B#\?/`'Q=^&7B32?#O
MPYD\0PV?B7XC>'O!'B?Q/X'^(NOQ6WA]+K5]$\/W'A31_$E_*]E97NEZ7<R7
M*6A:WWM;I[?/;L]GK;J).^U]E+5-:2VW2L^\=X_:2NCX(_X)G_\`!&']M+_@
MJ5?ZEK'P-\-:)X-^"WAG7&\.>,/V@?BA>W.B_#K2]>73)=5;P[H%O8VFH>)O
M'OB-+9+2*_T[P?HVI6OAR;6O#\OC+4_#6GZ[I=[<?U\_"7_@S7_8AT'PW);?
M'#]I_P#:B^)WC)KZ=EUSX<'X9_!SPQ%I36UJEM:KX2UOP?\`&#56U&*\2^N)
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M]*O[#6-%U*))+#5]&O;'5=-NKBPNX+A_]R&OY3?^#K;_`()[>&OVB/V*4_;-
M\+Z5I-A\;/V/6M[G6-8BMK*TU7QM\!O%6N6.F>)?!]_>PZ1+J>MR^"_$VJ:=
MXY\&V6IZQ::5X<M+SXG-IEM)JWC"1+HUZ*[;2LO-V!M)-MI))MMNR26K;;TL
MDGV\V?YI'?\``G'Y?Y_EWJM<\6[<YSMYZ_QCWXZ?I[U.""00005R,'.<\CG'
M(QR.^#GN:BN-OD2;LG@<@9.0PV]<\;L9[D9VTOZ_KTZ?H!_N0_!'_DC'PB_[
M)AX!_P#44TFOA[_@C[_RCT^"7.?^*G_:%Y]?^,F/C%7W#\$?^2,?"+_LF'@'
M_P!132:^'?\`@CY_RCT^"7_8S_M#?^M,_&.F/H_5?E(_3&BBB@04444`?GO_
M`,$E_P#E%]_P3W_[,W_9U_\`55^&*_RK/^"N7_*4S_@HEVS^V;^T,`??_A9?
MB#'O[XZ?GS_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)*_#'7WK_`"K/^"N/
M_*4W_@HE[_MF?M"]L]/B7XAS[#V]Z75>C_.('YX\#Z@'!ZG\#G/?UI/0`GW/
M7&.#VYY_'\*4\=N.GXGCCH1C^OM2<]SQVZ=L8ZY.3SW_`%H]->W;^NOZH!0>
M.<_3@'GMVP<'_P#77]17_!+[_@Y?US_@FK^QYX!_9(M?V.M,^,-IX%UWQWK4
M?CN?XX3>!9]3/CCQ=J7BHVK^'U^%_BM+;^SI=5FL1-_:\QO%2.816S;T?^74
MX'.,^X].30>O4=L@]^W4^@'`]N:?]?B!_<I_Q&J^)_\`I'3H^..G[3]T?Y?`
MOG]*A_XC4O%_?_@G=H/X?M,WH_//P3/Z8Z5_#C^F`.^3WZ^H]./UZ)P><#OC
MU!ZG@C&<C^OU7]=M/G_P/OW#^Y;_`(C5/$__`$CIT?O_`,W077_SB_P/IU]J
M_F=_X*S_`/!2+4/^"I_[4UA^T]??"&S^"<]C\)_"/PN7P=:>-9O'L4R>%]7\
M2ZL-=?7IO#OA9B]\WB22`6$>DQQV\5E$//EEEDD/YF<D?G[Y]B#@\^G3WQ2<
MY)]L8.`#U..IYQD=/7%/^E_7];!^HOMRIXYZ8YX&>Q!I,\XX`Z#MR<]\<'';
MU.,TH_'N?7N>.,]/Y?3`.P/4]>,?IG_.*/Z_S`,XX_7J.>V>Q/Z'IR,5_4'_
M`,&BW_*5W7N,?\8G?%KTZ_\`"7_#'GC/\_SK^7LC(Z^A+8P<#GUQUZ>W3O7]
M0O\`P:+?\I7=>_[-.^+6/;_BK_AE1^O]?U?4#^L?_@Z7_P"4,W[07_8^?`7_
M`-7!X2K_`"^_@]\(?B/\?/BM\//@?\(?"]WXU^*/Q8\8Z#X#\!>%K2YL;"76
MO$OB*_@TO3+:;4]4N['1]&T]+B=9=2UO6;_3]$T6PCNM4U>_L["VN;J/_4#_
M`.#IG_E#-^T#_P!C[\!/_5P^$J_#+_@S=_9!\,^(_&/[4?[;WB[PI=ZAKGPZ
M7PW\`_@IXBU#2;2Y\.Z/JOBK3KOQ1\8]0T*]O=,GE@\>:?H"_#S0&U#0M5L+
M[1O!OCGQ)H^JP7>F^-H0@!^E_P#P3._X-6OV2_V:M$\-?$/]N"UT+]KC]H&T
MO%U2X\*R7&JR?LR^$+JUO]*O]*M=+\&:EI>@:G\4Y+=].O(=3O/B?8OX0\0Z
M;KEQH][\,HQ9)JE[^^__``[O_8`_L_\`LG_AAG]CO^RL_P#(,_X9D^"W]G?Z
MORO^/+_A"_LN/*^3'E8V?+CM7V-11]WZ?*]WZ:M^8*Z25VW9)MV3=E:[Y4E=
M[NR2OT/Y8?\`@H7_`,&K/[#O[17@.YU7]C32-._8Y^/&E1ZYJ6GWNGWGC/Q7
M\(OB/=RZ3_Q)O"_COPEK/B+69?!%F-9L[.*+QI\-K2&]T.QU;Q#J&K>"_B'=
MIHMAIO\`+Q^QG_P:Z?\`!2G]H[XD:UH?QR\(6'[(7PO\%^,]5\*>,/'_`,3+
MFQU_7=8E\.ZQ8:=KC_"/P3X;U*XN?B!97=I>7&I^$_&EQJN@?"[Q1!8W)T;Q
MS>A88I?]26OQ<_X+D?\`!4#XB?\`!*C]DKPY\<?A?\%M,^+'C#Q[\5]#^$>A
M:CXQU467PV\"ZKJF@^)/%::KXRTK1]9TOQSXD?5=+\):OI^AZ3X<?2M.%VMQ
M?Z]XMT6:UT70O%IN[O5WOK_7]7!))))**2222LDEHM%LDM-%T(?V+_\`@DO_
M`,$RO^"/O@/3_C3;:9X&\.>/?A]X4ETSX@?ME_M"^,K#2]65O$]Y%I.IZQ)K
MGB_6K/X=?":PU>;5+;P?IEOX4L_#LKZ%=Q>&]3U;Q!J.KZYJ.O\`XH_\%,/^
M#MSX3>!K'4OAA_P3.T#_`(7#XWE74;'4_P!HOXF>%=:T'X4>'8+OP_`+&]^&
M7@S69M$\:^.?$FDZW?W275]XZ\/^%_"&GW_AJ/[#I7Q)T#Q&M]8?Q>?MG_\`
M!0K]L7_@H'XSMO&G[6'QR\5_$Y]*GN)_"_@]Y+;P_P##/P1]JM+"PN_^$*^&
M^@Q:?X/\.W%_9Z5ID6KZK::5_;6O2V4-YKVIZE?;KIOC`<?E[]2?U[YS[>M#
MUW_RZWTM9)7ULK+R$DHK1=KMN[=DDG)N[D[))N3;=E<^D?VG/VP?VG/VS/B5
M/\7?VGOC7X[^+_CIIKM]+OO$NM3?V1X2L[G4KG5_[&\!>&+$67AOP%X>MM1O
M;JZL=`\):5H^E:?+,XM;6+<SU_2Q_P`$Y?\`@[._:6_9\TOPM\*_VYO!5]^U
MC\--&32]%@^+VAZEIV@_M&:#X>LTT#2EFUJ6_2V\*?&?4-)T33]5NEF\5W?A
M7QQXR\1:BVI>,?BG>7+SW4G\BW!`'/.>O7OZ\XP.,^]&<8SUX!XZ\@>W&3_A
M0,_U,_V8/^#H/_@FO^U;\>/@_P#L\>$-(_:5\"^./C;XTTSX>^#M0^)?PN\*
MV'A>#QCXA:6S\*Z'K6I>#OB3XVO[.7Q1KYT[PQI=W::3J&G6VL:UIUQKMYI&
MAQZKK&G8W_!T7\9OVN_@G_P3>U/Q)^S)XFUWP/X0UCXE>#_A]^T;XE\,^')+
MCQ(GPD^(NG>*]'7^SO'MIXA%W\.=`'C2P\(^#/&,]QX32?Q8_P`3?">@:+XU
MTJ%?$_AWQ+_E[Z+K6J>&]:T?Q'HEP]GK/A_5M,U[2;I,![;4]'O;?4;&>,Y&
M)(;JV@=>N&7.2>*_U\-5M?!7_!:#_@CK=0VW_"+W:_MG?LH":P>=_%6@^$?!
M7Q[_`+#2ZT^2=H/MWB:#2OA%^T)X<MY+B-5\0P7J^#WBEB\5Z3<O'J:WL[VZ
MM*VNEK/1NRNG=6V5W:Z9VU:LVVE9IZ6MJF_[VCB[I:VNG_C]XSTX;!^?[S?.
M0SG<W+.Q'+-ORV&;-*<]>_IU'&?;/K^/K5J]L;W2[V]TO4K>2TU'2[N[TS4+
M65"DUO?6%Q):7D$J$#:\=Q%)&RD#:RL&4!<56/./IT/]1^/3I\O;J7I^7_`_
MX`"'`&6P,`DMG`&!TW'!')/4X_+-?WD?\&L/_!&[3(-(TG_@I[^TSX,LM3U3
M4GD'[%_A;5[R"[M]"M+&[UC1O%?QV\0>&C8OL\0W-_9QZ)\(6U/4(7T6RM_$
MWC8^'I+[4OAMXJTO\/\`_@@1_P`$;O%G_!2_X_V/Q2^)?AR2U_8K^!7C#1KK
MXLZWJL.I6VG_`!<\4:9)8:[%\!O"UW87FE7MW>ZMILMC=_$'5-(U"%_!7A/5
M;&>YN[36?$OA2UU7^TC_`(+P_P#!6_PW_P`$G/V7/#_PR_9[N/A]8?M7_%31
MH?"7P)^'<-A9/:?!CX9:;IU_HMU\;)/`UKH]WX9B\.^"9M.L?"GPU\+>)5TS
MP_XD\62AK'1O&'A;X>?$#PW&=.[O]VBWZ:[Z-;/35,-;]E:^JW;:M9J6EDG=
M2C9J47&6C1^'7_!U3_P6!M/$-_??\$POV<?%^GZCHVCW>GZM^USXX\*:YJK2
M-XITZYOSI_[-KRVOV31KR#0]NG>+?BG#;W/B"*#Q&/#G@NYET#Q%X0\;Z(?X
M=``.%P`,8`&!M`P`,8_`\]ZLWU[>ZE?7NJ:E=W>I:GJ=Y<ZAJ>HWUQ)=7M_?
MWDTMU>7][=3.\MQ=7ES*\US<2,\LTLC/*3P:KCUYZGJ?<@^V../\:&]M?)7^
M^R_'\Q))7:23;N[+=V2N^[LDKOHDMD'3/_`CSD]/7';'XX&*_P!1[_@U;_:4
MTKXX_P#!*+P'\-))+2/Q;^RS\1?B%\%]?MCKL&HZOJ&BZIK\_P`5/!?B>XT3
M[+;7OA[2)]&^(#^"](29]1L]2N?`.LWEEJAD2]TC1_\`+@Z`\DG&<9SCZ=#C
MT_2O[$/^#.']H.;PE^V!^TO^S9J?B?3=+\/_`!H^!UC\1]!T#4[O2;.X\2?$
M+X/>+-,TZ&P\.K?%-5O]9@\"_$#QGKMUH^BNS7/A_0-6US4;.ZL_#D-WIIZN
MW]:+3N]/ST&W;HWJK6M=:K75I>ZM7N[+1-V1_/#_`,%0/V6KK]B__@H-^UK^
MS@]A>Z=HO@'XQ>(KOP%!J6H:5JFH3?"KQQY'Q!^$]_?7NAE=,FOM1^'?BKPW
M>7ZPV^GSVM]-<V-_I>D7]G=:39?!N<D=B#]>W(].OKW7CO7]>/\`P>&_LT#X
M>_MN?`C]IW1?#8TWP_\`M%_!67PIXGUV*]ENE\1?%/X*ZN=.OKJ\LY;^ZETR
MYM_AGXJ^&&DVHBLM+TG4;?19+C3_`+=JMMXBDC_D/'/Y@\C)Z>N?E/(X[\FE
M\_ZTOT_KI8!."3]"/4_0^_MN]Z_JS_X-1O\`@HIX5_98_:U\:?LE?%2Z.G>!
M?VU;GP'H7P^U^/3+S4)=%_:$\,7^HZ7X#T&\EMK^--,\/_$C2/%.M>&[O4/[
M(UF?_A-+#X>PR2:%H$^OZI'_`"F%@H))XY))PO3J3_#@'W'&,5_H(?\`!K1_
MP1N?X7>&]#_X*<_M'>&O$>D_%CQCINM6/[*7@;6[0Z3!X1^%7BOP[_9.I?'&
M^MS>?VG>:[\5=#UK6O#_`()T_5-/TK3],^'#W7BV%/%$?Q%\-:AX2/\`A_/I
MTM_PV@?EI?[_`.ONOT/[6J*_DX_X*4?\'1_PW_81_;9US]ESX=_L_6?[2_AG
MX5:-<:'\</&&B?%K3?",^B_%Z^N-#OH_"'A"\LO#GCK1]37X;Z.NLZ!\2=)U
MB/3-93XA:F_A>2?PK=?#?6[?Q?R\G_!Y#_P3S3P2=13]GC]L9_B!_P`(T;O_
M`(1-O"WP@3PH/%XTIIAHDGCH_%]M43PV=;`L&\5KX#DU(:6?[8_X0S[5NT57
M_2`_KOK_`#Z?^"R__!RU^U!X#_;=U[X4_P#!-KX]^%M'^!/P8T>W\$^+?%5E
MX#^%WQ/\-?%SXJ6]U=7?C#6="UCQOX!U/5+?PWX3N+F'P)8W/AC73X?\17WA
MW4_$^CZEJFCZOI=Y7]<'[9_A7Q9_P49_X)4_%:P_92\=>,/`?B3]JC]EW0_B
M'\#_`!#I&HVWA?Q-K%KXP\.:!\3O"G@35=2B\0Z=I^A:=\6-%,'PR\:W4GB%
MM+T_P[XOUV2XEU'3XI(+K_'/N+6YT^:XT^[M9["[LYY[.[M)XGBN;.]MIC;7
M-K<0RJLL5Q!<))'*KH"LD;B4*1FC^O\`,>W]>C_K3_@?U3?"/_@[V_X*7^!-
M*.E_$GX>_LR?'"<WC7(\1^(/!?BKP/XE6%H+.#^SU'P]\7:%X5%I&;:>ZC=O
M"KZ@;O4+EI;Z2PCLK&U_H_\`^"4?_!RSX*_X*9?M5Z)^REJO[)GB+X">*O%/
M@WQKXF\+^)(OC)I'Q3T.]U#P5I\>N7FB:C;2?#SX;:A9+>>';;6KV+4;*+5Y
M8;[3[.PETP6E]<:KI_\`F+`#//?U'(XY`['Z`\5]E_\`!/3]L+Q+^P)^V=^S
M_P#M9^%[*35F^$GC9+SQ5X?BEM8IO%7PX\2Z=?\`A'XF^%;>XU"RU2ULKWQ!
MX$U[7M,TO5)+&YET35)['5[!$O+"V9!ZN^BVV5KV26O2^EF[-O>]VQ+MYO=O
M2[OO>]E?1/1+1)))'^T_17EOP9^,GPP_:#^%_@;XU_!;QOH?Q&^%?Q)\/V?B
MCP9XS\.SR7&EZWHU\&"2!)XX+_3[^TN(Y]-UK1-6M+'6]!UFRO\`1=<T_3]6
MT^^L8/4J`"OCS_@H6MH_[`O[<2:B8QI[?L?_`+3"7QE56A^R-\%_&HN#*LJO
M$8OLYD\T2(\9!(;.,5]AU_+'_P`'4W_!0WP!^SE^PUKG['&F746K_'C]L73;
M33K+2].UO3$N_AU\(?"_C/P]K'B[Q_XHT=6NM8%EXOET>\^'7@F*6UTRQU[4
M'\8:GI^MR7'P^U/1;\5KZ[=;*[MZ75_2Z]0U6J5VM4F[)OI=V=DWI>SMV>Q_
MF6Q?ZJ+(S\D8Z=]H!Z@\>GY9J.Z_U$G`YV\CN-Z9/Y_Y];"@*`!PJC:!DM@#
MH.F2>@Y_2F3?ZJ3N#&_?T5CGW[?_`*J/Z_JW]?(#_<>^"/\`R1CX1?\`9,/`
M/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQU]Q?!'_DC'PB_[)AX!_P#44TFO
MA[_@CZ,?\$]/@D/3Q-^T+_ZTQ\8J!]'ZK\I'Z84444""BBB@#\]O^"2W_*+W
M_@GM_P!F;?LZ?I\*_#%?Y5O_``5R_P"4IG_!1+_L\S]H;_U9?B#_`#V/Y<?Z
MJ7_!);_E%[_P3V_[,V_9T_\`55^&*_RK?^"N7'_!4O\`X*)?]GF?M#`>G_)2
M_$&.@/('_P"JEU7H_P`X@?GAG&<^W0<CCKGJ1DGMVZ=:4?7)'!X_+CMU'/Y^
MR<'&#D9ST/'!'^?KZ\T'L?8]!SZY[CMQ[^N:/+;^O(`Z$8[=,$8.>!SWX&>_
MMGOI:-HVL^)-:TCP[X=TC5?$'B'Q!J=AHF@^']!T^ZU;6]>US5[J*PTK1]&T
MFPAN-0U+5=2OIH;+3K"QAFNKRYGB@@ADE=$K-X(Z=^1[]>_7G`]/PK^U'_@T
M2_X)V>&_B9X_^*?_``4.^*/AVVUG3?@OKB_"/]GNVU>R@NM/M_BA>Z/::W\0
M_']O'<Q_+J_@SPOJ_AW0/#5X@FAAN_%_B"\@DM]6T6QN+9_U_7]=`_0\9_8L
M_P"#1#]K;XW^$-%^('[6/QE\,_LFZ=KMG9:I8?#73O"TOQ7^+MM974<4\<'C
M"RBU_P`*>$/!>HR6TJN=+C\1>*M7TV?=8Z]IFE:C!<6,/ZF+_P`&8W[*(T@0
M-^V1^T8=>\G:VI+X2^&"Z0;@ODR#1#I3W@@V?)Y!\0,^[]Y]IVX2O[,Z*!W\
ME]WIW]/35G^?/\??^#,SXY^']/N-3_9F_;(^&_Q-OH@[1^%OC)\.]>^%-Q*@
M16,-IXJ\):S\3[*XN9I`$2.\\/Z3;1G8TMY\P6/^5[]LG]A_]IW]@/XN+\%/
MVJOAM<?#;QW=Z'%XIT&!-:T'Q)HGBGPC<ZGJ&CVGBCP[KWAS4M3T_4=)NM0T
MC4[1"TUM>6]Q:W%K?6-M=PRQK_M<U_F_?\'DW_*0K]FS_LS/0N^.OQO^,O?G
M\/>C^OZ_`.C\E?\`%+]3^18$>OUS]!SP,<#'3C\:",_KT/<8Q[$C'>CCICU'
M3'X9[9SQTR?U,#U_$')!ZD9QD]^.?48H$+Z]>?7CV`S_`"QG]1G^H/\`X-%O
M^4KVO?\`9IWQ:]^GB_X9#D^O^>U?R^'Z\>F,Y]1],>WX]J_J$_X-%_\`E*[K
MP/0_LF_%H>W_`"-_PRZ^H]J`/ZQ_^#I?_E#-^T%SC_BO/@+^/_%X?"7'4?Y[
M5\$?\&:/Q4\,:O\`L2_M4_!*T_M#_A-/AW^U/'\3_$'F0VXTQO#/QC^%/@CP
MUX1-G<)=O>27ZZI\%/&:ZE#/86UO!`NF/:7=[-<W<6G_`'O_`,'2_P#RAF_:
M!_['SX"_^K@\)5_`S_P1>_X*87__``2U_;8\,_''6=/UGQ)\$_&FA7?PP_:`
M\(>'DT^37-3^'>M7=K?1>(?#ZZE;302>(?`'B>RT3QCIVGPW.C7'B6TTK5?!
MK:]H=CXCO=3@`7]7_I'^P)17E?P:^,_PL_:)^%O@CXV?!+QUX?\`B5\*OB-H
MD'B'P9XU\+WOVW2-:TN:66WEVEDCNK'4=,OK:[TK7=#U.WL-;\/Z[I^I:#KE
MAINKZ??V4'JE`!7\A'_!X[\5/#GA_P#8*_9Y^#UY'>/XM^)O[4.G^--!\M;8
M6$6@?"KX>>-+3Q5-=.]P+O[2+WXC>%H;.&WLIH9$FO9+J[MI(;."_P#ZJ/B]
M\8/AC\`?AGXT^,?QH\<^'?AO\+_AYHMQXA\8^-?%5^FG:+H>F021PK+/.P:2
M>\O+N>VTO2-*L([K4]:U>\L-&T>SOM3O[*SN?\F#_@ME_P`%.+C_`(*E?MG:
MY\6_#MEK.A?`GX>:.GPU^`7AK7HK*/5X_!-A=3W6H^+=<BLK:%;?6_'>OW&H
M>(YM,N)]3N?#^F7>F^&FU;4H-(BNYC36_;1:ZNZ[6LUNK]K:IL3YM+)V<K-I
MI623;W3NF[0:5G:3::M<_(3MR>IZ@CM]>G3D<^M''/3C/IUXSD]NG_UJ!P,?
M4=B!UZXX]N._3UI,^G`'M@]N.2.N>I'^-`Q?;_/MR?YYX/Z!P!W_`)<^I(QC
M)_\`K9I.G&>QZ8!'(`'L?3IGBCL`.N.,C@^H_'N.O.:7_`V[?U^&VH"__7[8
M^N??/X]O6O\`16_X,]?VN1\0_P!DGXW_`+'?B/6S<^(_V<?B+%X\\`V&J>*%
MN+Y_A/\`&-+FZOM*\,>&+H?:[30/"'Q)T/Q+JVN7^FRSZ8NL?$_34N[?3;Z_
MBEU?^#']D?\`9@^*/[:/[2/P?_9?^#FGQ77Q!^,GC&Q\,:9=7D6HW&B^&M-V
MR7OB3QMXE.DV>HZE;^$?!/ANRU7Q7XGO;*PNKBVT/2;V:*UGN`D3_P"MG_P3
M5_X)8_LM_P#!,+X-:+\.O@GX2TS6OB/=Z6J?%3]H+7]"TU?BK\5];N?[/FU9
MM2UL"ZO]`\$+?:;9OX8^&FDZFWAGPW;6=O<RIK/BJ[U[Q1KI_P`#UZ;Z_K]X
M?TOP_KJ?P^_\%CO^"!G_``41UW_@HI^TY\6?V9_V<?%OQQ^#'Q[\>^.?CWX;
M\8^%=7\!6[PZOXFTW_A9/Q1\-:IHE[XS36=(U;1O%.IZ[I'A2VUJRTZ\^)ES
M':V?@6RUC7+S^P;7\B/@#_P1S_X*#?'#]KOP#^QUJ_[-GQ9^#/C_`,76I\5:
MYK7Q:\!^)/!_AKP1\)].U.+3/$OQ7U?5]3T^*QO?".D7C-I-G=://J+:]XGF
MT_PIHB:AXBU33M,N?]B>BF^G?7FVLW=OW4DN56LK:ZJ][.RE)JZ;35URZ.ZB
MHQ5I2E*3G)R4I<WNZ-)IM.4OR*^)'BW]C/\`X(!_\$TKS4O#'AE=(^$WP/T>
MST3P9X+;7M$LOB/\?OC%XF:.VT^VOM=O8;0^)OB+X[U.WN?$'C#5=.TB\_X1
MOP=HOB'7='\*VO@SP1!H.G?Y2_[7'[4WQ8_;7_:-^*_[3_QKU1=0^('Q8\4:
MAK]Y96USJ<^A>$M(>8Q>'O`?A*+6+_5=0L/!W@K1DLO#GAC3[C4+R>VTG3[5
M;FZN;DRW$G]-?_!X!X7_`&N]-_;`^#?BGXH>(HM6_9`\2^";VQ_9<T/1=3(T
MWPIXP\/:3X57XXV7C#00L$L7CS5==U+2];M/$MQ#=66L^!+WPWHNE:K<WGA;
MQ%I6A?R#\X`[=SWZ'/`SS[YZ]O4M\]/Z6NOKYKJ5=O=6U?;OH]&U9K5=4G9I
M.Z2\=CW/MC/'?J"?K\WTI,\GOP<]>3D\`'Z'^0XHX`[<=>@Z]_09_"C'7..G
M/'?DGCOP?QYI??\`U;S_`*U^8*.A.<\_X\YQWSSSU_3]"_\`@DU^TO\`\,A?
M\%(OV.?CW=^)AX.\+>&?C;X6\.?$GQ#+IIUFVT[X2_$>Z;X<?%6XNM)M[#5[
MR]BB\`^*M?N(UTS3KG6;:2&.\T-4URVTZ6+\]#U'..?QR.GL,Y^IK]3O^"5G
M_!)C]HS_`(*L?&6;P1\*C'X#^$W@F\TJZ^,WQ^UW3;N_\,_#?2[N8RP6>DZ;
M!<:?)XS^(>IV]O=2>%O!%KJFE_;IH&N]:UGP]H-MJ6N6+_X'X@MT?W9?\'7G
M[.3_`!H_X)6:U\4-+T_07\0?LN?%_P"'GQ<?4KZV3_A(_P#A"M?NK[X3^+M#
M\.:DFFW=S%!>WWQ`\,>)=<TN2]TG3=0L?!D5]=376HZ)HMC<?Y?_``>/?/0X
MX.>HX!R._?K7^W'/^SWX4\<?LR6/[,/[0LH_:(\+:K\(-"^$OQ6U7Q[:3K=?
M%M++PM8^'_$?BGQ#''J-U?:?KGB>]M)_$C7MAK+ZIHNN7":CI>LQZC96VH1_
MCY\</^#8O_@C_P#&/PVVB:'\`/$OP#UEKY+Q/'/P,^)OB[2/$T<"0W<3Z:NG
M?$"\^(W@1[&XEN([R7SO!LM[%-8V:6]Y;6INK6Z.BWOUT5EMY^MUTMN[AUMH
ME;1ZZN[O=6T79W;=[-)*[_C*_P"#>O\`X(Y:M_P4=_:&M/C)\;/!FIR_L2?`
MSQ`L_CZ_N;FXT2Q^+WQ#L+%=4T+X0:#>I;R3:K8P74^D:W\4UTR2T?3?!TT6
MD?VSHFM^*O#]V_\`8%_P<2?\%B(?^";G[/5O\%O@]=VM]^UY^TWX1\7:7X%N
M;77X+:^^!7@"2)?#NM?'#4[#2=5M/%-EK[7-[J.D_!*X>&RT/4O'7A_Q#K\]
M_JUK\-=<\'^(?LOX\?&3]D__`(('?\$T=$GT?PIXCF^$/P%T.T^''P?^'-C>
M3WGBKXG?$[Q1/KVOZ?I.L>*&TVYT_1=3\=^*9/$OC'QQXPN]+BTC25GU_4=&
M\/W=R-$\(:A_DZ_M(_M'_%W]KCXY_$?]HOX\>+[_`,<?%3XGZ]-KOB/6K^0[
M+>(106ND^'M$LOEAT?PSX9T>'3]"\.:'81V^GZ/HUAI^G6EO#;6T42ET]O3K
MOY]GKY6Z]6%K7;OKJD[::):62=GJ[N[NVKVV\4N)Y[B2:YN9YKJ[N9Y+BXN[
MN:6>XN;JXE:2>YGGF9I)YYYI'ED>1R\TCDELG(9T[GCICTQC'O2'@8YQGH`N
M.<<>X)]/SZT'TX';G'<=O7G\\&DOU[]-%_P?7[P/]$O_`(-#_P!OQOBK^SC\
M1_V`/'6JI-XR_9FNKSXC_!Q94"W&H_`GX@^(I)_$VC(EGHL*2'X<_%;6[B\F
MU77/$%]JVH6'Q4T+1-,L;31?""[/YW/^#FK]@>V_8R_X**:]\0?A_P""-/\`
M!GP$_:RTF/XM_#ZT\.VFJ0^&=*\>:?;:=HWQL\*6[ZA;_P!GV6J'QB\7Q&G\
M.:#>3Z5X>T/XDZ!9Z9:Z-IAL=%T_\W_^"5W[:TW_``3V_;W_`&>/VI[FTFU'
MP=X,\5R^'OBMI5M:3:A?:C\(?'VG7G@SXC-I.G1:QH$>H>)=#\-ZW>>*?!MM
M?ZM::3_PF.A:#)JXN=+2\M)_]%/_`(.'_P!B[3/^"@W_``2^\4>-OA2WAGQC
MXZ^`=O:?M2_!SQ1H<>@Z\?%W@G2O#-]=>.-$\*>,H-0B0^&_&OPXU.;Q9;IH
MU]J-AXQU3PEX.BAT_4[N/1;NRI:NU[7UU=E=;?G:^ROJTA2:7O<MVE;W5>23
M<>:W5[*4DKN5M(RERH_RI3VZ]>@Q_7MQVI"0,DG&WELD#@>I)`Z`=\[>.]-0
MB1`XY4A6`.&Q@CKSP5('NKCK7VO_`,$Z_P!C'Q;_`,%`?VS?@3^RGX5:XL8?
MB5XMB?QOXDMDMI6\'?##PXC>(?B/XL-M>:EI,%[<:)X0T_4[C3M-.I6EQK&K
M&PT:P)O=2MX7G_AM?.W]>;T&?W_?\&FO[,'Q5^"?_!.K4/C+X]^(VM:OX2_:
MG\;7/CSX3_"&74-:N-`^%OA/P;JGB?P1=^(;?3]2\K3](\3_`!:UBQNM=UF/
MP_#<:?>^%-$^'NH7.J7&K75]I6B]/\6_^#L'_@F/\(/C!\4?@[JGA?\`:A\8
M7GPM\;^)O`=YX^^'7@?X2^+/AGXQO_"FLW6BWVL^`O$EO\<H+S7O#%[<V4T^
MCZS/HVF1:G8%+V&/RIXF?Z0_X+;?MJ^#_P#@E#_P2]U;P_\`!B:V\"?$/Q7X
M0T;]E7]DWPUHNKW5MJG@R,^%1X:?Q;H<\?B+3_%EI;?!SX<:=<ZKHOBFRGU6
M32O'<?P_M=:62+7`\G^3KEW<O(TDCN\CR22L'DD=W#/+)(27DDD.YRQ.6+.9
M?F*T_P#+LE?1*[T6NG^86MWW>[;>KON^FMDMDE9)))']TO[9/_!Y`=4\/^(?
M"?[!7[,^M^']8U"$6>C_`!C_`&D[W1C>:)#=:'+#>7]A\&_!&I:[I4NOZ9KE
MTESH-[K?Q*UKP_+;Z5#+KOA74TU:?2-._BW^/7Q[^,G[4/Q@\<_'OX__`!"U
M[XG_`!:^(^KMK?C#QGXA:T%WJ-R(8[.RLK&QL(+32=`\/Z'IMO::-X;\+:!I
M^E^'/#&@V&F:%X>TW3=)T^VLX_(N@..3]!Q]<8/Y9-&..N!CV!R0<\>@^O&!
MF@+_`-?UZ`,C/<#/UZGJ2>V/U]C4-QCR9-PXVGGDX/&T9'^V![?WNM3<$<?+
MT&/N]P<'U/I]:@N#Y=NZJ.`@0`Y(`8JGURJG().<].IH_K^OZ_$#_<B^"/\`
MR1CX1?\`9,/`/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQU]Q?!'_DC'PB_[
M)AX!_P#44TFOAW_@C[_RCT^"7_8S_M#?^M,_&*@?1^J_*1^F-%%%`@HHHH`_
M/?\`X)+_`/*+[_@GO_V9O^SK_P"JK\,5_E6?\%<C_P`;2_\`@HD<_P#-Y?[0
MQY!SC_A9>OYXZ\#VZU_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)*_#'7WK_
M`"K/^"N//_!4S_@HEQQ_PV9^T-^8^)FO]OU!I=5Z/\X@?GC@\X&/UR,GKT_4
M]3]:,=#^.<=<YSSZ9/'T[TGID<GIUXX['@C('3ZT#MG'X#@8/\_\.G'+`1B%
M!)X7!+'!.``3G`_'.,<FO]<?_@WO^!UC\!_^"0W[&FBV]G%!JGQ"\`7WQM\2
M72HR7&J:K\8_$6J^.M/NKHRQQ-)/:>%=6\-Z-'(5,9L]*M5BEFB5)Y/\C:7_
M`%,O.?W;\_52>G;VK_;1_8K\*+X$_8Y_9-\$QVC6"^$/V:?@7X76R:%(6LSH
M'PP\+:4]N\4:1QQ21FUV21K&BJX?:,86EZ^OW6_4/^&_K[CZ<K^`G_@KM_P=
M$_M6?#;]K3XM_LX_L)_\*W\!_#KX#^,M6^'&O?%;Q)X/LOB'XR^(/CKPE=OI
M7C:;2K779KOP?H?@S3/$-KJ?A_1H(-%U76M7CTP^(I-:LX=7M=#TO^]KQ)K4
M/AWP_KVOW`+6^A:-JFL3@HS9ATRQGO90%3YV_=V[_*JL[9^3(%?X9GB?Q)J?
MC/Q1XF\8:S<R7>L>*_$FO>)=5NI)&FDN=2UW5+W4[Z:269Y9Y6FNKF69Y))I
M)9'8EY78_,_Z^X>VOZ)K\?D?U7_LU_\`!WQ^W_\`#OQ%I\7[27PT^"O[1W@8
MSVBZS_8VBW/P<^)"VOF!;F;1M?\`#MQJG@M9C%YDOV;4?A_,EQ<0^4EU8Q,T
M@^'O^#@G_@H[^SY_P4]_:-_9M^/W[/+^+].TK1OV7=*\">._"'CW0'T/Q3X(
M\=6?Q3^)WB"\\-ZB]O<ZAH6L*-'U_2-2L-;\,ZSJVF75G>1)+-;:C!J.EV/X
M*X`P">>3GI[_`$X/./QQR:4\^O(('`X../<=\_\`ZLG7^K?U^?RT7?S_`.!_
ME_3#'X],`=<`CZD_3WQU-'8=1V'3OVP<]OQ].XH[^F?IGZ8QC'TI?IZX.,<?
MS]N*2_I::?@M--`$]P?3/8G!YZG@>M?U"?\`!HKD_P#!5W7P>I_9-^+70$8_
MXJ_X8]^Q]Q]/>OY>QZ@\X]B!QC&>#GGU.1GI7]0O_!HM_P`I7=>_[-.^+7_J
M7_#'K_GKBA?E_7F!_6/_`,'2_P#RAF_:!_['SX"_^K@\)5_E:=?<'/IC\?\`
M/K7^J7_P=+_\H9OV@?\`L?/@+_ZN#PE7^5I@<>WKS@?KW/;]<4_Z_0#[*_8[
M_P""A7[:/[`OB:[\3?LF_M`>-OA*^K2)/XB\,VDFG^)OAQXKFAL[S3X+CQ9\
M,_%]GKW@;Q%?V=IJ6H+I.J:GH-SJVBSW4EYI5_87RQW*_L;%_P`'8O\`P5RB
M\/0Z,^O?L^W>IQ>'X]'?Q;+\&K*+7;G4$\7CQ*_BN2QAUB/PLGB*710?A\UO
M'H">%(_"K?VA'X7B\=X\9C^:C`]#^'4''<YZGGG]<X-)GC(ZD@]#^H'7`/\`
MG-"TOMJK/1?K>S\]UW$TG:]]&I*S:U7>S7,N\97B^J9_KW?%#PE\'O\`@NE_
MP2-8:!#IFEZ+^U?\#;/QE\/KW56>^'PG^-^D1RS:9:7&LWWA-M1?_A7'Q5T3
M4/!'B_7M"\-6=YKWARQ\40Z"4L]=MYI/\C3QCX,\6?#CQEXN^'GCOP_JGA+Q
MOX#\3Z_X-\9>%]<LKG3-;\-^+/#&J7.B>(-!U?2KV*&[T_4M,U:RO+&^LKJ*
M&ZM;B!HYXUE$BI_=[_P9^?\`!0)];\)?%[_@G)\0_$0DN_`TU_\`'']G*WU3
M4I'E_P"$7UZ]CC^+_P`/]&74==,,5GH_B:[TSXC:#X9\,Z`DDD_BOXK>*-9N
MW"1[?R4_X.I?V"G_`&6/V_T_:/\`">G"W^$_[;UAK/Q%A$++Y&C?&_PE_9&G
M_&?1BD^N:MJTG]O2ZQX6^)HU2\LM"TN?4?'NM>'O#UE-;>$KR2(ULKWZ6Z*U
M^FNU[Z>NX+EO+EM>ZYK6OS<L;<UK>]R\N^MK6TL?S%$COD=L>O3D8&<\_P`_
M3-''J>>W?.!G@=^/S].*7IU]O7G/J/\`/X4'H>W'!SV.>>W;!S^7NMM/ZM_P
M!B<\8]2/3ID<YSG\NO-'_P"HXP#R.@]@#T_PY#SGCMGC.?T[C/<8^;VS2XSG
M/?./88Q@<D\C_P"OBF!_9S_P9G?`#PUXO_:/_;&_:3UE-/O-?^"'PQ^&'PQ\
M'65_H%G?W%C=?'76O&>L:[XJT;7+F<W&@:OI>D?!]_"\@T^Q:YU71?&^K6<N
MH6EFMU9:M_H85_G?_P#!F7J?Q'M_VKOVP='T_0_&4OPAUG]G[PYJ7BSQ/9V&
MM'X>6?Q)\,_$70[/P%H&OZG&/^$?3QKJ/A?Q7\2=1\)6%X_]K3:)I/C2?34^
MR6^KL?\`1`HTT_'3K=[:ZZ6UTUNK:79=ZW2LGIJVVK+=65M;Z*^FM[NR****
M`/YPO^#ISX!^&OB__P`$D_BM\1=1BT^#Q1^S;XX^&/Q5\):G-H]M>:H1K?C?
M1/A;XBT"QU=IH+G1;'5-+\?#5]26$7MOJ5SX8TNTNK%IULM1TS_+3Z_GC@^_
MMW]OPK_3D_X.Q_VI](^"O_!,J7X!17VE?\)O^UY\2_"?@>QT>[M-1FU/_A7_
M`,,M=T;XI^//$VC3V[1Z?:OI&NZ'\//#E^^IO=>;8^.)$L;&6XSJ>D?YC1.<
M<9[XYX(.#TSGKZ=O3H7;LNRLO2]_S;WU^0DDKM+63O+S=HQ3^Z*7;3O<,''&
M/3MCL.ORD=.W`Y[XI>O^'^.1U/<49'(],GUXR<_7D_7CCBC\3V['W]<\?KTY
MY%%_Z[^8RU8:?>ZQ?6&DZ9;O<ZGJM[9Z9IUK&`7N+_4+B*RLX$R2H,MQ-%'\
MQ49?IVK_`&<_^";G[$O@S_@GI^QG\$OV6_"-OI$NI^"?"]M?_$KQ/I5O`O\`
MPGOQ<\01QZE\1?&=SJ":-H=_J\%_X@EN-.\-7>N6`UBP\%:3X6\/W;NFCVJQ
M_P".1\'-7T_P]\7_`(4>(-6=$TO0_B;X#U?47<HL:6.G>*=)N[EY2Y\LI'#%
M([&3$809925R?]R.DOZOTT7]=?4?3YO]/^"%%%%,1X?^T;^S_P##3]JKX%?%
M?]G/XQ:'%XA^&OQC\$:YX%\561M],GO;2TUJT:*T\0Z!)K.FZOIVG>+?"NIK
M8^*?!NOR:9>7/ASQ9H^C:_91"^TR!Q_BU_M&_!+Q)^S/^T)\;_V<O&-[I^J>
M*O@5\6?B)\)->U;1VNWT;5]2^'OBO4O"]SK.CR:C9Z=J$NDZP=/34],DO=/L
M;J2QNH))[.UFWVZ?[@E?XT'_``5I\5>'/&W_``4]_;\\4>$M2TS6/#FI_M7_
M`!I_LS5]$O(M1TG5K>S\9:C8/JNG7\$T]O?6NH3VDUY%>V<TMG=K-Y]JXMGA
M%%NOFKOSZ?E\["NKI75VFTKZM*R;2WLFU=]+KNC\]>#SQ]><G;TQ@')&..W'
MI2'GCCIQW.-NT$\\_KGCIV".!Z#'7`'0C!],CCIQZ4<CD<G(ZY'/J.N.#^&/
M:E_5_P"EUZC$9058'E2IR,D$K@@C.<\\X[>@-?Z<_P#P:K?MY:M^U7^P/J7[
M/?CC4-3U?XC_`+$FJ^'/APNM7[3W3:G\&/&=OK^H_!>.?5+O6;^>YOO#-GX9
M\7>`[:T@T_2-,TOPEX2\(VEFEQ.+Z9?\Y;]EC]FKXG?MB_M&_!K]F+X/6'VS
MX@_&GQYH_@K0YYK;5;S2?#]M>L]UX@\;>)4T/3-8U:W\&^`_#5IK'C/QGJ-I
MIE[+H_A30=;U8VLT=CD?Z_?_``3P_P""?/P'_P"";G[-W@G]G[X+Z%I$]_I.
MC6B_$CXKOX7T'0O'GQF\8?;-5U:_\7>/-3TFV&H:PT&I:_JUGX1TO6=4UU_!
M?A1M-\)Z;J=Q8::LTQO_`%MUU`_CZ_:D_P"#/[]H3QQ^TS\<O&?[-OQW_9N\
M"?L^>,O'FN>+OA1X-\9O\5X?%?@S0_$T_P#;<G@C4[&P\)^*;!=/\':G?W_A
MS0-:C\7:Y?:[H&F:5K.J6VE:C?7&CZ?^TW_!`G_@A?XK_P""4=Y\>/BI\??&
MGPP^)7Q]^*D>E?#_`,*:Q\++CQE=^'?!WP<TR:P\1:IIS7WBS0_"%S<Z[XY\
M9PZ7>Z_8MX9N(-&L_`?AF72O$EV=8UFQLOZ4:*+?/UWZ=?EJ._DOZ]?TL?Y5
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MYL0`]AT)SQZ$8S\I&#QT_P`*",XR#U'ISU_3K2^P//Y'KVQ@_0_2DSG@'G'.
M0#TXP1QSS_.COTZ_E_E_6X!P?QZYYXSGUZ9QC&1G''I!=_ZA\G)^3&>OWAZ?
MX8[=:L;1G)_'CKZ=<]O3K5>[!,#YQQMX]]ZX/0'/4<_TH^?I]U_GW]`/]R+X
M(_\`)&/A%_V3#P#_`.HII-?#O_!'S_E'I\$O^QG_`&AO_6F?C'7W%\$?^2,?
M"+_LF'@'_P!132:^'?\`@C[_`,H]/@E_V,_[0W_K3/QBICZ/U7Y2/TQHHHH$
M%%%%`'YY?\$D?^47'_!/'_LS+]G'_P!51X7K_*P_X*X\_P#!4W_@HF1S_P`9
ME_M##N/^:F>(.XS^77Z5_JI_\$EO^47O_!/;_LS;]G3'_AJO"_\`7Z_TK_*L
M_P""N0_XVF?\%$B<<_MF?M"C!XP?^%E^(.C8R>?8?A2ZKT?YQ`_/$=,YQCCT
M`QZX!QP?FXX]!BCVX&1R!C(..<#G/_UN]'XYZ=<=.G7HQ;'&?;OBE)Q_,].V
M.O3T'/0'!H_X'>_S_KUZ@0S+F,KN(5BBL5()VM(JD`D<_*2.N/J.:_W*?A##
M'#\)_AA!$H6&'X>>"HXTW,Q14\-:8J*&8EOE4`AF9F/KT-?X:UQD0N5RK*0P
MR"3\C*V<%3D_+_$,#'S-MR:_W%_@5JMOKWP2^#FMV<T<]IK/PL^'NJ6T\(D6
M&:WU'PCI-U#-$LA,BQ2PR(T22895==X+\!_G_7K^8&9^TAJ-QI'[/'Q[U:TM
MEO;K2O@Q\4M2M;223R8[JXL?`^NW4%L\I7$:3RPI"SD$(C>83DC/^'W`-L,8
MYY0-SC.6.[C)`ZL,>H.>>W^Y#\9]-.K_``=^*^DK`MT=3^&OCK3?LDL1N4NF
MO?#&J6ZP20A93,LQFV-$(Y#(K[2CCY#_`(;UN)%CV2`AD+1E<`,I1F4Y(;H,
M!>0I!4M\V[)/Z_K^N]A]%ZO]";U]?;CZ>OZTAZ=>F#GMG\^X]3WZT'!![<'T
MZ'OP>_/UH([XQV[<[CZ`\CUS_.E_7Y>?]>NZ`@'C^OXX/7:.!Z?XKSUQZ_D,
MD=!Q_AUYH!QC!],8SD#:.O<#/_USBD&,9YY[\_F!DD=3[BG_`%L``^G0?4$]
MNF`/U_*OZA?^#1;'_#UW7O3_`(9.^+6/;_BK_AE_G_.*_E[P,]``1T[9]!ZY
M_IS7]0G_``:+'_C:[KQR,#]DWXM$GMC_`(2_X9?IF@#^L?\`X.E_^4,_[07O
MX\^`H/T'Q@\)G^=?Y6?3@YY]`>#Q@9!X&?P[?7_5,_X.E_\`E#-^T#_V/GP%
M_P#5P>$J_P`K/(`R>,X)(QCU_P#K?CQ0`O;KGW.,<?3'2D_,YSZ<'&,9'3\.
M]*,#L.,^^">H''O_`"Q[&1C(./?MV[G\O;IVX-@/M7_@G1^V'XE_8(_;7_9]
M_:K\.K+=0?#+QQ;MXRT=&M8_^$C^&7B>TN/"7Q+\,K-=:;JT%K-K'@K6-;MK
M'4SIMY<Z-J;6>LV$8U#3[5T_TJ/^#@+]C#P?_P`%"?\`@EM\3/%7@:[\,^(?
M''P)\*R?M9?`/QQI5WI^JZ=XBTCP?X9NO$?B_0=#\1:/HWB.]UC0OBC\*GUQ
M/#=CX>O].TCQ-XYM_AKJNJ:W'HND22I_EC_![X1?$7]H'XJ_#SX'?"'PO<>-
M?B?\6/&&A>`?`WA6SNK"PDUGQ)XDOH--TNTEU/5+JQTG1[$7%S'+J6MZSJ&G
M:+HFG+=:KJ^HV>GVDUS'_L0?\$N_V:_C_P#L@?L+_`/]FK]I7XI>%/C!\4/@
M_P"&;CP?)XN\%IXIGT2U\*66J7S>"_"5MKGC&2#6_$EMX)\-2Z?X6TK69/#O
M@V%/#^EZ3HT'A>T&D-J>IB6^RTOUN]ET35]>KM9;W:07VT;N]6K:*S=W=[:6
MT3=VKJUVO\93SHVVMO0`K]P',A)`(`57+%N2"@0DG[I^7YIO7GG@<\9_+L"<
M>M?[1;_\$S/^";\L$EK+_P`$^_V(I+64N9+:3]E+X$202%P0YDA;P$8WW@D-
MN4[E(!Z8K^=O_@IE_P`&H/[+'Q5^&NO^._\`@G7I=U^SU\>O#NF1W>D?";5?
M&6N^)/@?\6&LI-8OM0T>YF\<W_B+Q1\._&^O"\TNQT+Q+I_B@?#NQ30+/2-5
M\$Z:VN:GXYT9?/\`I6_I[;V`_P`Y7;CG+9!(`!9@V_`"@$,6);&P*-V["#@X
M/]4O_!(W_@V,^/W[9]MX5^//[9#>)?V:?V7M8T_2O%'A;PX+:SC^./QIT>YU
M,*L.GZ%?R--\)_">J:3:WM_:>,_&.EW&MZM97OA[4O"O@S6_#>OQ^*=/_H^_
MX(^?\&U'P,_8(UCP9^T/^U!JN@_M&?M?>&-3NM9\-'34GNO@+\'M4@GMF\.Z
M[\/M$\1:!I&O^*O'^A-;3:GIWQ$\76>G)HFHW]A=>%O!>@>(O#.G>,;WQ3_@
MKO\`\'1WP9_9LM_%?P!_8`E\._M`_'V33M>\/ZU\;UG>[^"?P0\2VVJMI+/I
M$$^F26GQN\6V5O:ZG?6":-?0_#/3[J[\-ZG>^(/'=M%X@\#JT^OIIVVWOO\`
M-;=`:O=/KH[-K?31IW^:U6Z/UK^.W[57_!+[_@@I^S+HO@B6V\*?!SP?I\PU
M'P#^S;\(O[/\2?&WXC7WB&]NK>\\2:3X6\0>)K7Q'XD61]'O(M9^)GQ!\36/
MA^V31K70+[Q@NI?\([HMS\M_\$N_^#D/]CK_`(*)^)[3X0>.=+D_9-_:,\0^
M*D\/?#OX5>._%9\7^'OBC%=VT\^F+X*^*-MX3\):#+XJGGM6TZ7P1X@T[P_K
M%_J=]HVG>#YO&-Y?7,5C_F0?'OX__&?]J/XN>,OCQ^T#\1_$GQ5^+/Q`U2;5
M?%/C'Q+/#)<W,QVI;Z=IFGV4-IH_AOP[HUK'%I7ASPEX:T_2?#'AC1;6RT+0
M-(T[2=/L[*']>O\`@VP^$>A_%K_@L=^RLGB72AK.B_#F/XG_`!8>U>:[AB@U
MWP1\-/%%_P"!M3DELKBWFB.B^.Y/#>M0HSFUO+C2X;+4(+NPN+BTF-6^[>O=
MOJ_PN[_,/=BDM(Q5DMDELDELM[**ZZ):L_UDJ_.3]L?_`(*P_P#!/[]@O5=(
M\,_M,?M'^"O!WCC6-:\/:1_PKK1&N_&_Q$T:U\0W^A0CQ+XH\&>$8-9UWPGX
M7TO1?$$/BZ[U;Q'9Z8-3\-6.H2^%H/$6K):Z3=_SE_\`!Y;\;_&W@OX(_L._
M!GPWXEU/0=`^)WQ0^,OQ"\1VFDR&PN-3OOA%X/\`!OAO1#+JEH(=1CLK2T^-
M&OK-I<=['IVI27EO<ZA:7-QI6G2VG^?*_P"\DDEDWRRREC+-*QEED+<L9)9"
MTDA.>2S$FA;];:]M_P`=G^JTT8/RM>ZW3=DI)M;K5I-=DVFU*SB?ZS/_``6&
M_P""1'P/_P""R7[._A3Q5X)\6^%/#7[0G@WPI+XF_9A_:'TB^&N>!O$_AWQ1
M:6FNP>!?'E[X<.I1>+O@S\08C8:IH_BK0HM7U[X?ZK=V_CKP.NMZ3J'C3P#\
M1O\`*]^.GP*^+W[,GQ=\?_`7X]^`]=^&/Q>^&6NS>'?&G@GQ%%"+[2KY8;>\
MLKJTO+*6YTS7?#^O:7<V.O\`A;Q3H5_J?AKQ;X<U72O$GAO5]5T#4].O[C^D
M/_@@%_P7^U[]@[7?#_[)/[6_B#5?$G[%_B/5?LO@WQC=_;-:UW]F#6]9O7=[
MVRA1;C4-4^#>K7T[W?BOPK:17%WX6O)KKQ;X1MY;EO$&@>*OZ^/^"P__``1X
M^`O_``6)^`V@>.?`^O\`@WPI^TWX5\&Q:K^S;^TEI<L6J^%O%WA35HI?$FD_
M#;XD:KX;BU.;QC\$/&$FJ-K/A_Q#HZ:SK7PRUK6KKQ_X!M]9T[6O'O@+XE`'
M^39CV'X]@,=..0/Y_HN>AP>F1Q^OK[<9]^U>L?'7X%?&#]F7XO>/O@)\>_`6
MN_##XN?#'7)/#WC7P7XBC@74-+OUBBO;2YM;NSEN]*UOP]KNDW5AKWA;Q7X?
MU#4O#?BWPUJFF>)O#.JZGH>IZ=J5SY/CC'IT_,@9((SP!Z?A0`PAF3!P,@#[
MV"IW<LK;<[D.2IVCYE7[F>/]0S_@W`_X*T^!_P!MG]E+P;^S/\3/%.DZ/^U9
M^S5X8\/?#V]T/7==\-V&K?&/X>:/INJ0^#?'7@+0E?2]6UY_#?A3P[%H'Q&A
ML=.U6;0[[3M,\2:[JC/XQ@6'_+U'?IG&"<`C..?RQWQ_+'6>`?'7COX8^-/#
M/Q"^%_BSQ-X#^(O@[6['7?!GB_P;K&HZ%XHT#Q!83Q2Z9?Z'J^FS6U]9WL<Z
MQ^6;60%G)3YR6IKJFKW^336VOKNMFM-[-2TVXM2::>O5.+:YDXW2;LO=EO%]
MXN49?[GU%?G-J'[1OB+]B_\`X)9Z!^TK^TY)K/BGXB?`;]C/P%XT^+5OXE?4
M=%\2>.OC'HGPK\/P:IX>UN\&A:K>^'_$/CSXH2KH%]J5WX>NHM#U/6Y;[4M/
M6TL[I4_B*^.O_!X9^WK\0-*\4Z+\#?@9\`OV?(=9N)1X<\4WL7B/XN_$'PAI
MOVY+JV6"[\1W.B?#S6]8%HB:9?:EK'PSDTVYBFO;FT\/:9<RV;6`U:^]KM*Z
M:;MOY76EU>ZN@C)2Y=8ZQ4FXR4HJ]K:Z2:E>3A+EM)0E>SLG_H)_M.7'QXMO
MV=OC=/\`LO:9X<UG]HM/AAXT3X*:?XKUBRT'P^_Q+ET*]B\)SZAJ.IZ+KVBD
MV&KFVU"TT[7+"'P_K5Y;6FD:_JWAW2+^[U_3O\4#XA^$_'_@3Q]XV\&_%70/
M$?A;XF^%_%>NZ'\0?#GB^QN]+\4Z+XQL-2NXO$6GZ_IU_'#>66JVNK?:H[V*
MYA67S@20RB-F_L@_X(;_`/!RC\6].^/#?LZ_\%)OBQI?B[X;_'?XC>*/$^C?
MM1?$;4;S1M2^$GQ!\9P6!TOP5KQTX+X"\*_`2_U[33I_AW3],\->"_"WPDU'
MQ7=ZAJ>N:7\-M.-OX9_;/_@NE_P0P^'W_!4/X<I^U#^R[_PB&B_MF:#X2L-1
M\/>(;"_TJT\%?M2>!;72HKC0O!GBSQ#;S+HT7BE=(2UB^%/Q6N;EM/%D-/\`
M!GC#4/\`A!I]!\1_#U--6?1_@];)]GHVEU6O0:DFW':2;M>RYDE!MQZN*YDG
M+92NGW/\OT^G(^G)SQU/8=>N?YT@'&.@SD=^.,9_'GKGWQ71>,?"/BOX>^+?
M$O@'QYX9U[P7XW\%Z[JWA?QAX0\4:5>:'XE\+>)=#OI],UG0?$&B:G#;:CI.
ML:7J-M<V=]I]Y;17-M<P20RHKH0>>].^!P<<_GW)S0,_I-_X-0O!^F>(_P#@
MKOX/UB^\,^(-<N/AY\`_C7XKT/5-'F\K3O!FHWVD:;X$N/$OBM?[%U7[7H5S
MHWC'4?!]M:_;?#9'B;Q;X=NCKDQMT\-^(/\`4<K_`!Y?^"*W[9'A/]A+_@I;
M^S1\?_B+,MM\+8=?UOX<_$_4WN+VWM_#G@GXK>'M1\!:AXUN_P"SM*UN^O;/
MP!>ZYIOCF]T>STJYO=;LO#USI-F]G=7:7UI_L":7JFEZ]I>FZYH>I6&M:)K5
MA9ZKH^L:5>6VI:7JVEZE;1W=AJ>F7]I)-:7UA?6DT-S:7=M-);W%O)'/!)+'
M*CE]%96LK-ZOF=VTW?1.VEE9-1O:]V2KJ4KSOS/FA%I+EC&,(RBK:R2E[SD[
MM.HHWMRHUJ***11\#_\`!4?P!X7^)W_!-_\`;I\(>,M-&K:%>?LI_'36OLIN
M+NW,6L^$?AYKOC'POJ226D]O.9-&\4:#I&L0Q-(UK<2V*6][#=6<\]M-_C%0
M_P"JBZ9\N/GO]W'H/?IZFO\`5X_X.0_VV-`_9!_X)@_&SPU:^)X-+^+G[4VD
M7O[.OPLT&$Z)>:OJ^F^-84M/C%K/]D:C<K?IX<T/X3S^)M,U#Q1I5A?2^'?%
M/BGP-:F33-0UW2M0@_RB54(%5><*JCJ2=HP<D@`=`#P.3TI7Z7>C\[:VOY:Z
M:]O0++>RN]&[:M+9-]4FY672[[CL]!V.21R/Q]CS]:,CVZD?3/U[GC..Y]J3
M\C_(=/?'&<]B>,8Q0,8R#GMV)X_EG'?]#1KI;R[^5]UKIUW_`!`.,YR,=N?;
MDGU(&?\`/2*X7=#*.0-A(P>/D^<=2>!LY&.<^E2CV/`/89X],\^HS^/U$-R5
M$$G'H,8SSE<?Q#H<="0,?=*\4679_P!6[=/PT=_,/]R'X(_\D8^$7_9,/`/_
M`*BFDU\/?\$??^4>OP2_[&;]H7_UICXQ5]P_!'_DC'PB_P"R8>`?_44TFOA[
M_@C[_P`H]/@E_P!C/^T+VQ_S<Q\8O\Y[]:8^C]5^4C],****!!1110!^>W_!
M);_E%[_P3V_[,V_9T_\`55^&*_RK?^"N7_*4S_@HB>O_`!F9^T./Q_X67K_4
M]N1CIU-?ZJ?_``27_P"47W_!/?\`[,W_`&=?_55^&*_RK/\`@KB/^-IG_!1(
M9Y_X;,_:&YXSQ\2_$'MT%+JO1_G$#\[SQSW//TQU[C(QST^O:G>_?M_A_7O1
MC'.`3QTZ^G4GG`^GZT<<=,=OR/3\/_U4>?7R\[?\!][;`13<0RYZ^7)QT.2I
M'&3QC.,9ZU_M!_\`!,;X@VOQ2_X)T?L+>/+2<S_\)!^R;\`Y;^1I6E<:U8?#
M+PWI6NPRRMEI)+?6K#4+>8N=QDCD+EI#FO\`&`S^(Q^!'N?PYQZ]*_U$/^#5
M']I73OC;_P`$J_"?PKGU-+KQC^RS\2/'OPFURQD=1J">&M?UFZ^)W@;4WB"`
MKID^E^,[SPWIL[,XEF\):C"K;K4DOU\M>_\`3\_S#]#^E2>**YAFMYD26":*
M2*:-C\KQR*4='&/NL"ZM[`]>0/\`$B_:W^!6O?LQ?M2_M#_L\^)M/N=,U;X.
M_&+X@>!#!=*RM<:5HOB34(O#^JP._-QIVN:`VFZSIEZ`8KW3KVVNH7DCG1Z_
MVXZ_)S]N7_@BC_P3L_X*&>.[;XJ_M%?!6XN/BO;Z;9:/=_$WP!XN\1_#WQ9K
MNCZ9$MOING^*9O#M_!I/BD6%I'!9:=J'B'2=1UG3M-@M=+T[4K3388K6,`_Q
M^"5`W,0H'))8*HYXY/\`M'D]^*]!\<?"3XH_"[3O`.I_$GX>>,_`=C\4_""_
M$'X<W'C'P_J?A\^-/`T^JZAH=KXN\.QZK!;S:CX=O-4TG4[*PUB"-[&_>QFF
MLY[J$B:7_6._9C_X(`_\$H_V4?$EAXV\`_LK>'?&?CG29X[O3/%GQLUOQ#\9
M+S2[NWG%U9WVD:)XYU#5?!NC:G83+&]AJVD^&+'6+:2))XKQ)M\K?R,?\'D:
MJG_!0C]FI$4*J_L9:"JJH`55'QN^,H``'``%`[;^7^:7ZG\B^WL.`!S_`+6>
M/49/_P"NE]1@$=O7CKQTZT'TZXYQQGMSS].O]:#@'GZGZ#^6"<\4M_U]5]W;
MYB#G'//;)'?&00!]#Q^7;/\`4)_P:+?\I7M>Z?\`)IWQ;[?]3A\,>GH?7UYK
M^7L]SUZG.1P?R],]?Q-?U!_\&BYQ_P`%7M>&1_R:=\6NI_ZG#X8#KZ\\#!).
M.G6G_7]?TO0#^LC_`(.E_P#E#-^T#_V/GP%_]7!X2K_*SYSGGCCIG([=R>_M
MG\Z_U3/^#I?_`)0S?M`_]CY\!?\`U<'A*O\`*S/'3N2<>N.>..I./Z4`*>/H
M3S]>QY(Z?B?2C@C!Z?\`U_PYXYH_49]3[Y'?IZ'C\:#^8!'J><CD'/3^7X8I
M+TMW_KJ!_<]_P9Q_L5^'=8N?VD?V^_&/AR#4M6\+ZO:?LX?!#5[T:)?0:#J5
MQHEAXP^-.KZ=8SPW>MZ1XE;1-<^&_AW3_$MG+I,1\.>(?&OAM)=5BU;6;;3?
M[RZ_D=_X,Z?B'X5UK_@GC\=OAE9:DC^-OA_^UGXH\2^(]$,5UYUEX=^(7PU^
M&L'@_6GN&@2RD@UF_P#!?C&PA@M[J>Z@;P]<SW<-O;WFGR7']<5,;_1?D%%%
M%`C^.3_@[H^.G[:GP8^`WP!TGX/?$SQ'\-?V9_C%XJ^(_P`,?C7'\.X-=T77
M/%NIW?@W2KOPSX3^('Q)L;BV-KX0\:>'I_BAI?\`PJ>R6RL?%6G^&-7UCQ'J
M?C*TN(?#_@/_`#L`JJ,*```<`*`!G)`Q@8P>><'YL]>G^BU_P>6?$WPUI7[#
M_P"RS\&+S[:?&?C_`/:K7XE^'S'#;G3%\.?"'X4>/O#?BPW=P]TEU%>_VC\9
MO!ZZ=%;V-Q!<0OJ9NKFR-O:17O\`#%^PU^P_\?/^"AW[1O@S]F?]G7P\FK>,
M/$BRZQXA\1:FMW#X+^&?@'3+BU@\2?$CXAZO:V]TVA^$]`-_8VWFI#-J.N>(
M-2T'PCX<LM6\5>(-$T;4$D^[>^NFMW=;)*RV6FJLV[Z@K[7OJ][+=[:)+165
M]VDKMN[?R$S*",D#<0!G`!ST`)Y)ZD#KQ[U_;%_P9C_`JXNOC=^VQ^T3?RWV
MG?\`"%_"KX7_``7T;2;C1IXH]9M_BIXLUCQOK>IPZK/<0BW_`+`E^#&A6AT^
M&PNEU%?$)NI+NP_LL1:C_2M_P3[_`.""/_!/?]@?P%!I,'PA\(_M'?%V_70;
M[Q?\<OV@/`O@SQSXHGU[2M.:&Y_X5WHNL:1J>E_"7PG+JMWJ>HV>@>&7N=<E
MM[RPLO%_C+QM-X?T;5+3]LJ?1;_/_/OO?3\]#6[T5K:.^M];W5MDK6=[W;VM
MK_F3_P#!W5\8]+^(?_!43PO\-M';5%_X4#^S-\.?!GB6&]CABLO^$Q\;:_XS
M^*LUSI#0WUS)<V4W@OQGX%@GN;NUT^Y.J6>H0?99;.TL+^\_EN)SP.O(QCD\
M<@9QZC'_`.NO]6__`(*]_P#!`C]F;_@I]:>(OB[H!B^"/[95OX3CTWPU\8]$
MMXH_#'Q"O]$M[.W\,:/\>_#MM83W7BS3;/2;!?">F^,M(DL_'/AG19-)62Y\
M6^'_``;H'@D?Y</QP^"GQ*_9O^,'Q'^`WQ@\/-X3^*'PE\8:UX)\;^'_`+59
MWT%CKNA7LMG>?8]3T^6ZT_5M+N2GVW2M6TZYN-/U2QFM[NVN)()@Y+?=I_P/
MR^>H-JZ5U=JZ6EVHV3:75*Z3?FK[GEI4'/`(/!!R0>,8*]",'U_K7]3O_!`+
M_@O[KO[!FN:!^R3^UMX@U;Q+^Q?XEU7[+X.\971O-7UW]F#7=8NV>:^L8HQ<
M:AJGP;U2_N7N_%?A:U2>\\+7<UQXL\(6TD\NO^'O%'\L0Z<?XGH.#TY[?E0P
M&"#@@]1P<C!&"""#T^FW/X+7^OE_P>_Z`?ZJ/_!;3_@CA\)?^"L7[.EC\6_V
M?K'X6Z?^UKX=TNQ\<?![XVZ.--AL?CCX'O?#R26WPQ\8>.="N?[-\4^$?%.E
MKH&J_#CQCKHU^W\%ZC8V8\-:KH'A/QAXWDU7_+B^)'PW\??"#Q]XQ^%GQ2\(
M:YX"^(O@+7;_`,+^,O"'B2RN-,UWP_KFF3-!=V%_97"12Q21OO:*0$Q2PM'<
M6[.DH<_TU?\`!`+_`(+_`.N_L&Z[X?\`V2/VM_$&J^)/V+_$FK"V\'^,+K[5
MJ^O_`+,&NZQ>,\E]90(MUJ&J?!K5-0N)+OQ3X6M(Y[WPK>37/BWPA;27$GB'
MP[XJ_J(_X+>_\$1?A=_P58^%%G^T3^SE=^#=#_:^T#PC9:Q\/_B#I=[IB^"_
MVB_!!TR&]T+P9XR\0V$K:9>M?:8UHWPU^))FN(=-BEL=(U.\D\'W5M?>'FVW
M:_16^[;7K9:*_2RT2L)1BKV5N:3>^G,[<VCT5W[SM;WFY.[DV?Y;(`XQZ9[Y
MP!Z\<`$=1TZ^WW[_`,$K?V8[K]L7_@HM^R%^SP+*YO\`1O&?QE\/:QXVAL+W
M3--NXOAI\/%N_B/\3KRWN]:$^EK=6?@+PIKUS9P7%M>27U['!96>G:G>W5OI
MT_4_LV_\$@_^"D'[6'Q-^)7PC^#G[*_CVY\8_!G5KG0OBR?',VA?"[P[X"UR
MSU;^QKK0M9\4_$35O#.B3^(H[I9YX/#6CW6K>(K[2[#4=5T[2+K3]/OKJV_L
M5_X(%?\`!OC^T_\`\$_/VOM0_:Q_:[G^"-\FA_!GQ!X3^%WASP+XY\4^)/%O
MA7XD?$"W\"3ZMXAO8XO"NB^%KBPT7P1?_$3X7ZJTVO:I&_B2XU:^T+2=4T`>
M&/'-X:K6W9Z^=K:/?1KH]-7I=A=/J]7*/NMW35[IN+3C9IJ]TU+1/FLCZ@_X
M.U/VCO\`A47_``3'L_@WIFO_`-F^(OVH/C-X+\#7>D1V7GS:U\/?`CS_`!)\
M72I>S6-S!IT5AXDT'X?07!@O=/U.]755MK8W>EG6[<_YDI_7G&3QGGDX[8YY
M_P#K5_:A_P`'G'BWXK7?Q\_8U\"7F@^*(/@?X?\`A%XQ\8:!XIE\-7$/@O4O
MBKXN\876A^+=`L_&*V"VFH^)]$\)^#?`^H:IX=?4[B?0]+\0:-J26%HGB5KF
M^_BN/)Z$<]1Z=^^3T_'CKQD?1+HEM;UMLMK\KWU3L[6%&_O-W5Y-I-WLDE'^
M:22ER\R2Y='[T5/F;4XQ@_,/ND'&#D#.[)Y!S^/YU_:K_P`&[O\`P<+#X2_\
M(/\`L!?MZ>.=OPF4Z9X1_9L_:'\6Z@0OPGPL=CH?P>^+.O7LF/\`A5&#;:;\
M._'FH2?\6J(@\*>);L_"P:+J/PL_BJ[\8Z#//U]O\^W?ZL_87_9=UC]M3]L/
M]F[]E?13J]J_QL^+'ACPGX@U71-+GUW5/#'@87+:M\1O&,6E6\D374/@KP%I
MWB3Q/>^;=6-E!8:5<2WNHV%C%/=PG]=BUO\`U^&_X'^E[_P55_X-\OV9?^"H
M_P`:_A/\==:\9:K^S]X_\/7%MHWQS\3_``S\(Z3J'BSX_P#PZL?[(@T;0M3U
M+5M6M]`\-^.O">D:?J&B>$OB?J'A+QOJ%KHVHZ?HFOZ+XF\/^$?"FD:/I?"O
M_@V@_P"".'PR\*:;X<U']EJY^*^L6<,T.H>/?BQ\4_B?K7BS7W>\N+F*YU2V
M\-^*_"7@FQFMHIDT^`>&?!WA^!K.SM6NX+F]:XN[K]N_`/@3PK\+_`G@KX9^
M!],.B>"OAWX2\.^!?!NA_;M0U,Z/X5\):-9:!X>THZCJ]UJ&JZ@-.TG3[2T%
M]JE]?:A="+S[Z[NKN26:3LZ/N^22_P"'^?2RV2%LW9MW:=VWT22M?:R6RTOK
MJW=_S7?M-_\`!JY_P2G^./AJXM/A3X$\>?LI>-X-.U\:1XM^$?COQ'XDT:YU
MS4+*!-`NO&?@CXJ:EXXTO6M`T#4+87,VA^$]0^'VI:Q9WFJ:?+XFM)9M-U+2
M?S<^$'_!2W]MG_@WE\8_#?\`8._X*K^"M3_:$_9)3PYJ%O\`LS?M9_!N*]\2
M>*5\&Z/8:7%8>!K%_&%_X7M?%FB_#"YEM?#6K^`_$AT#XB?#G2-8TRYT+5?&
M/PR@^&.GZK_;I7Y*?\%J?V!O"7_!0;]@'XW_``TN?"D.L_%_P+X.\0?%']GG
M7-/\/W&N^+]%^*?@S3I?$&G^'_"]O87=IJ,W_"SK;2I?AUJUC&][;W$'B*#4
MQHVJZQH>B11B\^SZ7Z=G^>ZW6J!W=E:^L?M..SB]UKLMKI2UB[1DRS\*O^"Y
M7_!)#XSP)<>#/V]O@)IRF^M=.V_$S7]1^"=RMQ=Z7XBUB*6:U^,^D^`+N'3T
ML_#.II=:K+"FE6&HW&@Z+?7MMK/BKPOI^L9WPH_X+E?\$P?CS^T+X`_9A^"?
M[3F@_$KXK?$A=1B\,6FC>'O%FB^&+G5K&YT8)X:/C3QGHWACPQ<>)=8T[4=7
MUC0M%T[4]0N]6A\+:UHUFK^+K_PAX;\4_P"0*0K!?-5-RY5U8!MLF0KJ"V[G
M?A<;CR,`9KI_!OC3Q=\.?&'A3X@^`/$FL>#?'?@7Q)H?C#P=XL\.W]QI>O\`
MACQ/X=U&#5="U_1M2M)(;G3M2TG4[.WO;*]MY$FAF@#PL)`#2:NK)M.V^ET^
MZTM?R::ONFM!:NZ;:3V<4KQT2;UNF[W:T2M9-.S<O[B/^#NK_@G/\5=4NO!O
M_!2?PCXV\:^/OAQX<L?#/P;^*OPMU1]6U?3/@I:WDEU'X3^(W@E+6RET?PY\
M/?%.O%=`\?PZK/IL]I\1?$7A;4+*ZUU/&EY:^$_X4\9/4$=..2>,8)]LY[]:
M_P!;G_@D]^WQ\)O^"SO_``3RU6#XF:3IVJ^-SX,U#]G3]LKX5W>IV%M+K&J>
M(_!']@^)_$D&G^&9]%U71O`'QJT#4M9U3PW/;66BIIM]_P`);X2T/4;^Z\#W
MFKR_YO\`_P`%=?\`@F_XV_X)??MG>.O@#JBW.I_"[Q#]M^)'[.7C&]U>QUJ^
M\6?`_6]?UC3O"G_"27>GV.D1P>.?#$ND7_A#QU:R:#H0E\1:--X@T729/".O
M^'M3U%KS_K\64_6_^73_`(;H?F-P"![>W3TYY_+_`!HP>_7`&1P1ZG.1QGI_
M(T=^W08/4]\CKS^G6E`XXS[]03TYZY&`.G].2?G_`%_7_#"#OSWYZ9Y]2?4C
M^76H+HX@D.T$8`)8=RRKGKG<`<[NQ`))S4_7L,\]L]P,YXY&.F:KW/,$@R%X
M4\CDD,N.BYR2"!VZ;N.55MOZ[?=T>EE==`/]R+X(_P#)&/A%_P!DP\`_^HII
M-?#O_!'S_E'I\$O^QG_:&_\`6F?C'7W%\$?^2,?"+_LF'@'_`-132:^'?^"/
MG_*/3X)?]C/^T-_ZTS\8Z8^C]5^4C],:***!!1110!^>W_!);_E%[_P3V_[,
MV_9T_P#55^&*_P`JW_@KD<?\%2_^"B/'3]LS]H;`_P"ZEZ^./?GTZ#'>O]5/
M_@DO_P`HOO\`@GO_`-F;_LZ_^JK\,5_E5_\`!7'_`)2F_P#!1'_L\W]H?Z'_
M`(N7XAXX[C_'K2ZKT?Z`?GEZ=O\`>Y.>W?\`QS0#D<=O7@]O\?\`(YI.,YP3
MCW/?\R#@\\$?D:7K^?J#D\\>^/H.1FF`#'KU&0..!^'_`->OV@_X(<?\%5K_
M`/X)5_M:/XV\66^L:[^S?\9-,T[P'^T'X6T6/[1JEMI-C=SW7A+XF>'K'?$N
MH>)OAQJ&H:C<1Z?*Q76/"NM^+=#MOL^IZCINH6/XOGW(Y.3Z]N>^?0GTYXQ2
M8P>,>N,<CC''XCGBE_P_Y:;K]%W6]P_W`O@-^T)\$?VGOAMH/Q@_9\^*'@[X
MN?#;Q-:Q7.E>*_!6L6^JV!=X8YI-.U&!"FH:#KEB9/)U;P[K=II^NZ/=B2QU
M73[.\AFMXO:*_P`.OX0_'KXX_`#79?$WP'^,OQ5^#'B&8)'<:W\+/B!XI\!:
MG>I$Q94O;OPQJVFRW\*ME6AOO/7J'B.`Q^W8?^"S?_!5^WL4T^/_`(*#_M4-
M!'"ULLL_Q3UNYOO+92I9]3N9)-3>XPS$74EVUTK_`#B4.`U,-/Z7_!]?ZV_V
M'->U_0_"^CZGX@\3ZQI7A[P_HUG-J&KZWKNHVFD:/I5A;(TEQ?:EJ5_-;V=C
M9P1@R3W-U/#;Q(`69#Q7^8__`,'5?[4'[//[4/[?7PDUK]G;XP>!?C3H7PX_
M9JTKX<^,?$?PYUJW\4^&=*\:VGQ7^)VNW>@P>)=,\[0M8N+;2M<TJYN)]#U#
M4K*'[4()+H7,5Q##^`_QE_:E_::_:+FAG_:"_:)^-_QM>WN'NK6/XJ_%+QMX
M[M;2:0@LUC8^)-;U&QLF(P9#:P1!VR2O.RO"%50N```,;0HP`,Y.,#));GW]
M:7KY+YNR_7\QWW\TOT;_`"%YZ#@<>G3N,?\`ZOTY!QSP._J./?IC&.,>O6C^
M>..IP22?RSW^O2DR!GGGK@DCN?7I_GH*?]?TOZM\Q"Y^F/;D?CG_`+ZXZ=>U
M?U!?\&BW_*5[7N>?^&3OBY[\_P#"7_#'!([X&.X//7FOY?3V//&3QC\L>O7_
M`!'?^H/_`(-%CG_@JYKQQT_9-^+?U&/&'PRZCJ3VP*`/ZR/^#I?_`)0S?M`_
M]CY\!?\`U<'A*O\`*TZ]L]<8P?7GTZ8QZ?3-?ZI?_!TO_P`H9OV@?^Q\^`O_
M`*N#PE7^5GGKZXST/'OS@<XZ?7ZT?U^0`".,=\G\/7\.%[?3BE)[]>.W)[=/
M;_/:D&<8Z8Z#N!VSG/-+@9YZCW^N#C)'T_G1_7]?UH!^UO\`P0K_`."K5]_P
M2L_:OF\3>+[75/$/[-WQMTK2/A_\>_#FFW5Y]LTFRT_4S=>$?BMH&EQWMMI>
MJ>*OAW/>:O`L&J072W_A#Q)XQT;3VTW4=6L]4L/]8?P%\0?`?Q4\(Z%\0?AA
MXW\(?$?P%XHM#J'ACQOX"\3:-XP\(>(K!9Y;9[S0?$GAV]U+1=6LUN8)[9KG
M3[RX@%Q!-'Y@DB*1_P"&4?ISWY[>G4'D@`5^A/[%/_!5?]O;_@GBFH6'[*_[
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MG^+>I^')]"TKQOX>\2_\(]J5U97NA64D/C4:EI,%W;:A-=ZR]C-:7_\`E-?M
MH_\`!4O]O3_@H6-*MOVK?VA_%?C[PEHSV%YHWPQTBTT;P'\*+'4M-.M'3O$$
MGPY\#Z=H/A35_%UE%XDUFR@\:Z_INJ^+8]*OSI"ZR-*@MK.`^[KIK=;>25G=
M];Z:I70=6FFK):Z6;;=UO=-6N[JVJLWK;Z(_X+=_\%0/^'I_[9=S\7/"OARX
M\)?!+X7^%H_A#\#M'U#SHO$>L^#--U_6M?O/B#XRMWN[FRM/%7C76M:NKMM*
MTI;6RT#PK9>&?#LS:SK&DZGXCU_^J[_@S?\`V9O#/AO]E[]I/]KB]M]-OO'?
MQ7^+\'P5TJXGT2SEU?PSX%^$^@:/XDO[;2O$KR-?0Z=XV\4?$!9M?T*UM[*S
MN+CP#X6U#4)=4N+73O[(_P`\OT_IZG.>I&?IQZ_3_27_`.#/7XL>%_$__!.O
MXO?".TU5)/&WPB_:<\4:KKV@BRN8I-.\*?$OP;X-U#P;K!NS"+&Y@UO5?#OC
MJPBB@N9+ZTD\/W'VVUMK:73)KY;>7;3TT_R_)V'W]/U7W?TC^M*BBBF(*_A6
M_P"#MO\`X)T^//B-\0OV=?VP/V<OV??BS\3?%>H>"/B+X(_:4U3X1_#'6?&>
MFZ+X7^&47ASQ'\._'WC]_`_A:]U#3+JVT?6_'&@:IXN\7ZE/8R^%?"GA31K.
M73K/PNT5S_=37Y6?M[?\%D/V&_\`@FS\3/A%\*?VI_&OC#PWXE^,&EW7B.PG
M\+>!-;\::9X/\(V^OVWAS_A+O&IT42ZK;:)/J3:M]E@\.:5XEUVYA\.ZT8M%
M>5-,AU(M?6U[?AJE?R_6]M0O:RNE=V5W:[WMYZ)OT3?0_P`A/5_`7COP\0NO
M>!_&6B-O>,#5_"NOZ:3)&VR2,?;;"'+(V$=1DHXPPW5R;D1.4FS#*I;,<RF&
M52#SNCDVLIR._KUK_68\*_\`!R9_P1>\56&EW;?MF:9X<OK_`$ZRO;G1/%7P
MB^/&D:AHD]W;PS3:3J=ZOPRN?#\NHZ=)*;2^?2=<U336N8)7T^_O;79<MMZ+
M^V__`,$`OVBKZ^UV\^,?_!-[Q9JNOW_B:_U;4/BUI?P8\+:QJNIV5YH.H:]J
M&LR?%W0O#VHS76J7GBVPO;2]ORTGBJZB\1W&CSZO/X6\6/I#MNKW:[:K35ZI
MZ)+7JFO+4ER?NNR4)6NY-QDF[**47%7;D[<K<6G9:MV7^23OB;Y/,0[LJ!OC
M.<\8`R21SC&,G=CZ?WG?\&?W[87[6?Q%O?CC^R'XN.J^.?V3_@I\-K7QWX(\
M8:Y!J=[<_"#Q_P")/&.D:=HWPDT?7Y";>/PSX[T2;QYXQL/"UX[OI-_X,U2\
M\/I:P:CKJS_T*6WP&_X('_&Z-O!?AWX7?\$GOB!>^.3_`,(O86'@3P]^R;>^
M*M7O_%"OI-E:>%M1\&P1^)[;Q'J,EUY&A7OAJ^L_$$6H_9Y]%NX-0CMYT^VO
MV5/V'OV3?V'O#WBWPI^RA\#/!7P2T3QWKUIXG\7V_A6+4I[SQ#J^GZ;!I.G2
MZEK&N7^K:O/8Z9912+I6CM?C2-,N+[6;[3]/M=0U[6KJ]11]94444`>3_&OX
M)_"C]HWX4^.?@=\<?`>@?$OX3_$O0IO#GC+P3XFM6N=+UC3)I8;F!A)#)!>Z
M9JNDZA;V>L^'M>TB[T_7/#7B#3M,\0>']2TW6]-T_4;?_)(_X++_`/!-?4?^
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MM;:35!<W]S;6$5Q-'^)0[]/P&.G'\P:ZWX?^//%GPJ\>^"?B?X`UN_\`#/CK
MX<^+?#OCCP;XATFZN;'4="\5>%]8L]<T+5[&[M'AN;:ZL=4LK>YBN87CGC*%
MDD0Y-+^OR_ST`_W/**_,_P#X)7_\%+/@W_P4[_9;\(_&CX>ZYI%K\3-#TGP_
MH/[0OPJAQ9ZW\*?BI)IA.LZ>VBW&I:MJ'_"">(M0L=6U;X8^*);V\M_$OA:-
M(9[F#Q7HWBK0="_3"G_7]?TP"L+7]?T/PMH>M^)_$^MZ5X<\-^'-*U'7?$/B
M'7=1L])T30=$TFTFU'5M9UG5M0FMM/TS2=,T^VGO=0U"]GM[.RL[>>YN9XH(
MI)*W:_DR_P"#H+_@K3X)_9O_`&;/%?[!GP=\;0WW[3O[1&B0Z%\3;'09[B6X
M^$7P&UVU>;Q&WB/4].U:S;0O%GQ1T]K3PYH'ABZM=3DU'X?ZQXHUC5[/2['4
M/!]YKII=7O:ZO97=KI-I75[7[KU$[V=E=I72;LK]$W9V3>C=G:^B;/\`-PU6
MZ@O]5U2^M81!:WNJ:E>VT);<8+:[OIKBWBR!A@L,BJQ)##`^4ACBD1D<8&"/
MP[Y''./Z\]Q2*``J@`!1@+@GY0,#`)8G/0YZTO3\>IZXZD9Z<`CC./;F@9^I
M'_!'_P#X*3^,O^"7W[9G@SXYV$EWJ'PB\5?8?AW^T?X/M=+MM9N_$WP;U;7=
M)O==O?#UA>7VF1Q^.O!TNGV_BCP9<PZOH\EQJNFGP_J6H_\`",Z[KVGZA_HL
M?\%AOV`/`7_!97_@GAHEU\%;SPYXA^)]EH6@?M#_`+'?Q+E6PT6WUZ/Q3X;M
M=5C\,S>(M=T276=(\#_&#P1J=G]LTEY_#=C/XJT[X=Z_XJGAM_",:Q?Y+^><
M<<8QC'?/MQUYZ\?E7^DG_P`&B_B']L2__86\;:%\7_#)7]D_2?B'JMQ^RGX[
M\2ZUKR>+]0-Q<RVOQ1\)^$=`O(;O2;_X,Z'XOLKJ^T?Q!8W6B#3_`(B:A\1-
M%@C\5LVH)X&%KV[Z]5:^Z?Y--[+I=/9ZM7LDXJ[3;23M9[7NVTTMY>ZFU_G0
M:M\-?B-X>\9^)_AKKO@/QEIGQ%\$>(=:\)^,_`]UX9UI/%7A7Q1X<U*YTC7_
M``]KV@K9MJ6E:MHVJV-YINH6%[;Q7-K=6LT,Z>:D@7#UKPUXG\,M$GB;PUX@
M\.O."8AKFBZII`?J1Y;:G:6ADW`=%&#M8`XQG_<A\+>!?!7@=O$S>#/!OA;P
MBWC+Q7JGCCQ<_A;P]I&@-XK\;:W%9PZSXQ\2G2;.T.N^*=7ATZPBU/Q!JINM
M6OTL[2.[NYDMX!'!X_\`AW\/OBQX0UKX?_%'P/X.^)?@/Q+%;V_B+P/\0/#&
MB>,?"&OV]G>V^I6D.M>&?$-EJ.BZK#;:E9V>HVT=]97$<-]:VMS$L<T,;J?U
MV_S*T\_Z_/KVOY'^&8>_/`Z]^./3IGGW[BH;D`P29;;CG)&2<.-H'IN8A<]%
M!K^U;_@OI_P;@>&?@#X,\5?ML?\`!/+PCJ=E\)?!^D'6_CM^S987&M^)9OA_
MHFFP@ZY\6/AA=ZK>:KKUUX+T^U276OB%X3O[R_?P9:IJ?BO0[F+P/!?:1X*_
MBHN<?9W.1@A3D<@@L"#U(P>#G/W3GG@4O2VO]?E;[UT%_7]>A_N1?!'_`)(Q
M\(O^R8>`?_44TFOAW_@CY_RCT^"7_8S_`+0W_K3/QCK[B^"/_)&/A%_V3#P#
M_P"HII-?#O\`P1]P/^">GP3/;_A)_P!H;\O^&F?C'3'T?JORD?IC1110(***
M*`/SW_X)+_\`*+[_`()[?]F;?LZ^G_1*_#'IQ^7%?Y5G_!7+'_#TO_@HD!_T
M>7^T+@?]U+\08_`XQ].*_P!5+_@DM_RB]_X)[?\`9FW[.G_JJ_#%?Y5O_!7'
M_E*7_P`%$O\`L\S]H;//3_BY?B#IP,X/';\Z75>C_.('YXG_`.OC.#W';U(Z
M&C(R3DCH#UQZX/;_`/7ZFC/H,G`/7USWI#V(Y/'?UXSVSQP/TQ1Y>7Y6_P`^
MX"@?YZ'_`#C\??-,,D0X,J`KG(WH.1_"0<8((QGBDD)$<AS@B-R"">.#@YR#
MG/0^OZ_ZV7_!+W]@[]AWQC_P3@_83\6^+_V-/V5/%GBSQ/\`LF_`77_$OB;Q
M-^SS\(]?\1>(=<U?X:^';_5=:US6]5\'W>I:MJNHWT\UYJ&H7UW/=7=S+)+<
M32R,V7_7]?U_P`_R3/-BP<2Q^@_>)U`QG@\>G^2*57B9@JR(S'.`&4]%SG;G
M!P!Z'G]/]J7_`(=U?\$^O^C%/V-__$8O@G_\Q%<3XN_X)6?\$T/'=G+9>)?V
M!OV0;N"2V^S%[+]GSX8:'=QQAVD_T?4=!\,Z7?6TB.[E;BUN89D+?ZPYPJ^Y
M?C\[:7U]/4>G?\/3S]?Z>G^,IC\^.A]^N.,CUX_7%'UZ\D=\>^,GIQT_3-?Z
M='[7?_!J)_P38^.^BZM??L^67C?]D'XCSI<W.EZIX$\0:WX]^'$VI2J`@\1_
M#?X@:QJTG]F*Z_N[3P9XJ\$^069E,L44=J/X(?\`@HS_`,$R?VI/^"8?Q?3X
M6_M%>&8)-#\0?;[WX7_%[PK]LO\`X9?%31-/DC2[N_#>LW-M:RV.NZ4)[0^)
M?!NM06?B+P^;NRN;FUN=$U/1=9U1Z_KZ=/SZZ!;KH?GKSW&>,$?SZXX/]!US
M2_F>V<=<_3O_`/7QWII..<'UZ9ZY^F#CK^/K1Z`$''KSR,#U&#ZG'_US_@_U
M^?WB%&.V>.O3/X^F[KZ^O-?U"?\`!HM_RE=UW_LTWXM>O/\`Q5_PR/2OY>^Y
M/KUX.?0?AU_QQBOZA/\`@T6P?^"KNO9'_-IOQ9."._\`PF'PQ/X$4`?UD?\`
M!TO_`,H9OV@N?^9\^`OX_P#%X/"7']?PK_*R_+DXQG`)Z>_IP/ZU_JF?\'2_
M_*&;]H'_`+'SX"_^K@\)5_E9YQ],?=(_3//.#]W_`.M0`N!G.!GI_(^_.>:/
M\?;KCI]>>W]<4GKCH>20>_Y\8!SWZ_F`$CD]1^7X]\]^WX4``/J>?R.3V`)/
MM_L]#3)>5&,?ZR$$YZ?O4]CTR?2I,G\2<X[<<9X'/4=?7VJ.3[HZ9\R'/&#_
M`*U..I[C@]Q^=&O]?U^/X`?ZRO\`P49U;QK\*?\`@WR^-%O#'J/@_P`7Z?\`
ML`^!OASXDTW6-&CAU;2[7Q5X'\&?#CQ_X;U72=>L7FTS4I=`UWQ!X?OEFM+?
M5]&N)YKBU>QU:R@N;3_)JB_U497@>7&0.Y^48&<@9QC)P.G_``&O]>G_`(+]
M3O;_`/!'?]O"50I(^$FGIAL_=E\?^#8FZ="%<@'.`>2&^[7^0LH\N)<G!CC`
M8CE?E7!P-N2`03TR`:/^!YCZ+U?Z#RV%9FX4`DDYX4`GIR3P.F!U]J_T$?\`
M@T\_X)K_`+5/P$TSXA_ML_%GQ9XW^#_PN^/'@S0_#?@C]G2[TR;3G^+VBV_D
M>)/"?QP\?Z=KNG.NG:)HUAKFH0_""\T-H?$FM6WB+Q7J$VJZ3X.OI-'\>?(O
M_!N[_P`&]+?%E_`/_!0']O#P6R?"97T[Q?\`LW?LZ^*M-S_PMC'DWWA[XQ_%
M?1KY3M^%*NT6J_#WP'?VJM\562Q\6^)8#\*?['TKXJ_LY_P<"_\`!=GP;_P3
M[\`>)/V5?V>=7LO%G[;WQ+\(SVEW<Z?J$XT[]E[P?XLTEH[3XA^*KO3+J"Y'
MQ9U/2KQ=5^$?@6*Y@NM/633OBEXU%OX2B\'^&_BDM;KM?WKJ^GE=I7U33UV:
MO%VDIDI65K=VGS*]M8KFB]+RY>;22Y;Q<7S:?TMZ=KVB:O>:]8:3K.DZG?\`
MA75H=`\46.G:C:7MYX<UVYT/1O$]OHNNVUO-+-I&JS^&O$7A[7XM.U!+:]DT
M/7=&U:*#[#JEE-/N5_B5?#']LO\`:X^"GQ0\9?&SX3_M-_'7X?\`Q:^(NH:K
MJWQ&^(GAKXG^+-.\5?$/4M<U<>(=>OO'^K)J?G^-9M9U]5UO59/%#:J;_542
M_G$LZ"0?IOKO_!R=_P`%JO$/A[5_#E[^VA/;6FM:9>Z3>W^A_`K]G'PSX@AM
M-1M9;*YGT?Q#X?\`A+IVK^']62&62:PUK1+K3M6TF\$-[I=]97=O;S0O^N_]
M?@,_UGJ_R>?^#DO2/VL=*_X*O?'>Y_:HU*YUC2]0-G<?LR:E9IK`\#)^S#+/
M?:A\.-#\%MJFF:7''<^&7O\`5](^)\6EVS::?C''X_O(]0UH7\>NZER'_!-'
M_@MW^U?^QC^VU:?M'_&3XS?%[X^>`/BO>^%/"7[56A^._%6M_$GQ!XU^'&D7
M4%E:ZYX?A\5>([2%OB%\,-)EU&;X922ZQI-M:Q37WA&>_M/#/B#6;2;_`$+O
MV]/V(OV2?^"Z_P"PQX1B\,^/_"5YI?BNTTKXE_LP?M5>&?#DOC'5?AO>W]_I
MXU^\TC1VU[P5J.H:=XHT73+[P3\1OAIXDU?2%M]5@MY/$&D:9X^\!>'[CP^7
M_'7S_P`^NOROT"VJ=WLUN[:V;O%.SLTK-IM:VM=H_P`AP9[=>N3[>P.!]>O%
M(8T<Y:-20.K*C'&>F2">2<X[8Z^O^D+\%O\`@SP_8$\(Z`(?CA\</VC?C1XO
M:<L^K^&M4\*?"#PL+4VMM&L-OX5M=#\;ZQ%<"\6\N6NYO&EU$;::SL_L8EM+
MB\U#S;]I?_@SB_96\2>&+FZ_9,_:0^,GPG\>VFEZQ-9Z7\95\/\`Q9\!>(]6
MCLHV\/Z==W/A_1/`?BCP;87&H12P:YKT#^.)[:SO!>Z;X9N)=.;3]4+>:VO?
M7M>UK)WZ;63ZVU%K:]G>]K75[<R5][6L^:U^;E35N;W3_/!\N-6&U$5P<J54
M*PP1AD90&4@D?,""AV_Q&O[\?^#-C]K?2]5^&W[4G[#6OZI8Q^*/"/BJS_:;
M^'5@UEK$NM:WX/\`%=CX;^&_Q0D?53)<:%!I/@SQ%H?PP^RV$JZ;J\UY\0[V
MZ@.M6-O=#P__`!H_MQ_L)?M(_P#!.WX]:_\`L\_M+^#8_#_BO38_[4\,^*=%
MFN]2^'WQ1\(2W4MK8>/?ASXDN-/TUM<\-:F\,R^7=:?IFOZ)J,=SH/BG1=!\
M1Z=J>CV?D7[/O[0'Q?\`V6?C+\/OV@?@)XXU7X=?%KX8Z]%K_A#Q7I#1M+;3
MF&:RU'3-2L;A9;#6_#GB'2;J_P!`\4>'-6@O-%\2:!J.HZ)K%C>Z9?75O*O^
M'Z_TO3[]V,_W!Z*_EF_X)[?\'4O[#'[1?@*#3/VQM9T_]CGX[Z/'HNGZI8:I
M9^,O%'PE^(=S+I:?VMXF\`^+M%\.ZL_A*Q&LVUT\O@SXB7=OJ&B66IZ+9Z7X
MO\?3QZU?Z?\`T-?";]J?]F/X]ZG=Z+\"_P!H[X$?&C6K#2I-<O\`2?A1\7OA
M_P#$?4K#1([RVL)-7O+#P?XAUFZMM+2_N[2R;49X8[-;NYM[4RBXGBC+^3U_
M2UU?:^J#2]KZI)M+5I/1-KSLTO--=#W^O\\K_@\3_:_\(?$7X_?L[_L7^$9D
MO=:_9TT+Q+\2_BU=Q7%\JZ=XL^,6F>$I?!GA">PGTZUMTO\`2O`VCVOC%]2L
M]2U.&ZL_'^EV*QZ=?:7J"W'[P?\`!>#_`(+Q1?\`!,;1+7X#?!OX=>)O$/[6
M'Q8^'[^,/A]XT\7>'X+3X/?#SPQ/XK\9^`M2\6WZ:E?Q:[XQ\9:1K/@V\E\,
M>$E\.IX.U2TU+1?%NJ>)M0T(0>'/$_\`F,>/O'WC;XJ^./%_Q+^)/BC6_&_Q
M`\>^(=6\7>,_&'B*^FU+6_$GB37KN6_U;5]4O)Y&EGN[NZFDEE+$*H8(@"*%
M57NDU9IV:>^CMM:Z>G6]OD"::33NI)-6U33LTTUNFK6W33OV.2^G]><9&/;M
M^O%)U[=NO3)X(QSGO[?7K2\]!R<?RQU/J<C'UKZ^_8%_9`\9?M[?MA?`/]DG
MP3<R:=?_`!>\;V^F>(O$:0V%PW@[X=:'9W7B?XG>.19ZGJN@V.J3^$/`&B^(
M]?LM!.L:==>)-1L;3P]I,QU75+*"1@?W+?\`!HI^P$_PB_9M^(?[?'CO3)+?
MQO\`M/W=QX"^$2S3`OIOP'\`ZZT.M:W'%::S-&C_`!$^)NE7D,EAKFA6>J6.
MF?#70M:TFZET;Q=*]QY)^V/_`,';/B+]FS]NKXU?!;X7?LX?#;]H/]F[X1^,
M+WX?0>)K?Q_J_@7QYXO\2^&]%;2?%^H:-XSTU/B3X(?PQ:_$2"]7P]J,7@V[
M?7/">GP,XL[_`%9;K3OWH_X*I?M<^!O^"07_``2[\5>*OA)86O@_5_!7@+PE
M^S'^R%X2B-UJMMH_CV]\+R^$/A;!;R>(=*\7V>IV?PJ\&^'=6^(EU9^-1+8^
M*M)^'=YX;O\`5O[5UZT:X_R(9)99I9)[F>2XN;B62>XGN)&EGN;F9GFGFDD=
MGD>::5I)9'9F+,S$FEH_OT?;IL];WV[6:ZAK\K6:L[[IIIWTV=]'>ZM:VO\`
MHG_\$?O^#FSQ[^WG^VOHG[+O[37PM^#/P5T/XH^%-6M?@UK?@6Z\3?:]0^+>
MDM'K%KX1\4Z]XT\;2:8;;Q/X:L];L/"]GH_A\ZMJ7C*+1=$M&NGUF*.#XR_X
M.ZO^";.KZ=XM\'_\%,_A7X5U#4/#VOZ;X=^%G[5-QI-A=7=MX=U_26L/#?PA
M^*/B*\;5;I['3/$6ES:7\)KJY@T;2_#^FZGX?\"6=WJ%QXA\:6-O=?Q0^"?&
MOB[X:^,_"7Q%\`>(=6\(^._`7B70O&?@WQ3H-]<Z7K7ASQ3X:U*WUC0=;TG4
MK22*[L=0TS4[2VO+2[MI8[B&:(21R*VW'^N;^R=\=_V?O^"YG_!+M[_QEHUO
M?>%_C[\,]8^#'[17@RUT>UL[CX=_%^#P]I]OX]MO!Z>)%\8VEC?>$?$E_IOQ
M`^#WBFYEUS4=)B;P-XHN%M?$]A<6&GB5[M*Z6K:VZ6;^;23U[7N[!=:*Z3D[
M:V5]+I+SLFWY*_<_R"C[GH2<@=.._7M[=3]*.N>V>??CV(SD<=N_%?0O[67[
M,OQ*_8U_:2^-'[+WQ<LVM?'?P7\=ZOX.U&Y2RU*QT_Q+I=K(+KPQXW\/IK%G
MI^I7/A7Q[X7NM)\8^$]0N[*T;4?#NM:;>K;Q&?!^>0.>,9R#D$=,9'/IN'/Y
MT_Z_+^OF!M>'-"N_%'B/P]X8L"1?>)->T;P_9LJEF%UK6I6VEP84$%G#W:;1
MU8CO7^VU^S-\!O"/[+O[/7P5_9U\!V^GP>%/@O\`#3P?\.M+GT[1;30(-7?P
MSHEEI^H^);G2;&6:*#5O%6JQ7WB;7)'N;RYO=:U;4+V^OKZ]N;B]F_Q,?!7B
M(>$/&O@WQ8R/(/"OBSPYXEV1HC2,N@:U8ZFXC63]TTA2V(17(5R2I&W=C_<4
M\!>.O"GQ/\#>"_B3X%UB+Q#X(^(?A/PYXY\&:_;PW=M!KOA7Q;H]GK_AW68+
M6_@M;^WBU+2-0LKV*"\MK6\BCN`ES;031NB);6].BZ+I;9:ZI:?@%EH];JZW
M=K.SU6S>FC=VE>UDW?L:***8'-^)M"L_%'AOQ#X:U*PT/5=-\1:'JVA7^E>)
M]%C\1^&M3LM6L;FPNM/\0^'KBXM;;7M"NX+AX-8T6:YMH-4T^6XL6N(DG\X?
MXK7[=?P#LOV6OVQ/VI_V<-/U"35-'^"GQS^)/P_T+4IK7^SYM0\/^'_$U_;^
M';Z6Q^U7WV1KS218R?9A>7:Q[Q$EU.5\U_\`;)K_`!<O^"H'Q:\*?'?_`(*&
M_MP_%_P+JR:]X(\=_M-_%W5?!FOPVMS9P:]X4B\9:C8>&M9M[2]BM;R"WU72
MK2TOH5O;6VOA%<JUY:0W(EMT25KZWO;?HE?;>V[N]Y:*3?*FE97YO>O:UN:7
M+:]_AOR\VGQ6YK*U[:'^Q]\$?^2,?"+_`+)AX!_]132:^'?^"/O_`"CU^"7_
M`&,_[0W_`*TS\8_2ON+X(_\`)&/A%_V3#P#_`.HII-?#O_!'S_E'I\$O^QG_
M`&AO_6F?C'3*Z/U7Y2/TQHHHH$%%%%`'Y[?\$EAC_@E[_P`$]O\`LS;]G0_G
M\*_#!K_*M_X*X_\`*4S_`(*)?]GF?M"]?^RE^(/7G/'-?ZJ?_!)?_E%]_P`$
M]_\`LS?]G7_U5?ABO\JO_@KC_P`I3/\`@HEGC_C,S]H8G."1_P`7+\09X'?'
M'4^G/4KJO1_H!^>.!GK@]>,#CKSVQSGWZTO;U`]>X^A^GWL^_'=,8YX_'@#@
M#W_S^JX/(/(Z<]\="0<\YSW_`#H^_P#X:WRU_P`[=0(YN(I>OW&Z].C#C'?!
M_+'O7^S)_P`$EO\`E%[_`,$]O^S-OV=/_55^&*_QFIO]3+U/[MR.">J'OR.^
M?EZ=O?\`V9O^"2^/^'7W_!/;'3_AC;]G7'T_X57X8H77_*W1??\`TN@'Z$5\
M:_#C_@H3^PG\7O';?"WX7_MA_LU^.OB6NJS:''\/_#GQG\`ZCXUN-9M;IK.?
M2;+PRFN-K-_J,-TCVTMG865S/'.AA:/<#C[*K_#K^-_GV/QZ^,4T,LUI?6?Q
M@^(TD%Q;RF.YL[NT\;ZR\,]I=PMNMYX)D22*2)\K(HGA(96+,/Z9_N*5\%?\
M%(OV"_A9_P`%'OV3/B3^S-\3K*PCO==TVYUKX7^-[BV,VH_##XKZ597A\%^/
M-*FA`O8QIM[<O9:[96TD?]N>%M2UWP[.S6VJ2FOS=_X-J_V_O'?[=O\`P3RL
M[?XR>)+SQ=\:OV:_'-Y\$/&7BO5[TWOB7QKX;LM%T?Q#\.O&OB*>>26ZO-6O
MO#FK/X6U36KUYM0\1:OX,U/7]2NKO5-0O9S_`$+T!_7WG^&3\2OAYXQ^#_Q&
M\>_";X@Z/)X?\>_"_P`:^*?AYXVT24AY='\5^#=9O=`UZP:4'9*MIJ>GW42R
MQ>9',`DD;-&0]<7D=\?CCGJ`<]#D#I7]$O\`P=*?L_6?P._X*X?$CQ/I5B+'
M1_VC?AG\-/CQ:PP1A;<:O?VFH_#+Q=,F),>?J7BKX<ZGX@U'<"6N-5EE8!GB
M=OYVSG'7`QUQS^0'OG/MCBC^OZ_K4;WT_K_@]_,3KP1VR>O;'3CGGTK^H7_@
MT6_Y2NZ_U'_&)OQ:_P#4O^&/KP?;_P"L:_EZ/TX';O\`SXXZ=^>U?U"_\&BQ
M_P"-KNO<'_DT[XM#H>_B_P"&/IT&<9S@<<]J!']8_P#P=+_\H9OV@O\`L?/@
M+_ZN#PE7^5ICGOG'X?7IC./T]J_U2_\`@Z7_`.4,W[0/_8^?`7_U<'A*O\K/
MWQ[#G@Y`QCW(Z#.W(]:`%['DDCIQ^&/<C!]!CCG-)^?/&.PR.^!D>_IG\:,X
MR>N.O3/0$8Z<#)Z\T'H2!CKR>W'7U[`8_2E_7Y;::^?9Z`>S?L]?L]_&/]JS
MXS>`?V?O@#X$UCXC?%GXE:PNC>%O"^CHBO+(D3W6H:KJNH7+0Z=H7AK0-+@O
M-;\3^)-:N;+1?#NAV-_J^JW<%E:W,Z?Z"_[`G_!I/^R#\'/"WAWQ/^W1K6J?
MM/?&1;K4;K6_!?A3Q/X@\&_L]:7;S6S6VEZ7IUOIEAX6^)GBN[TZ9I-7F\0Z
MGK_ANTOKEK#3I?!\-A87LNO^9_\`!GU^Q!H_@C]GCXO?M\^*=&O$\?\`QS\3
M:S\%/A;J-_I6HV$5I\%?A_J6E7GBW4?#NI27RZ=KVF>.?BM8G1]9ECTR1=,U
M3X/06=KJDDT^K6%K_9S33MLEY:7TM9Z;+?1[II--,35VM6K:V3M=WC)-O26C
MC:R:4DY*2DFK>/?$_P"!'P=^,?P9\4_L\?$OX=>&/%'P1\9>"Y?A[K_PWFTY
M+'PU-X.:QBT^WT;3;;2FT^305TB""TD\.W^@2Z7J7AF^L=-U+P[>:9J6EV%U
M;?SX?#S_`(-4_P#@F[\-_P!L7PS^T?IJ^.O$OP9\*F[\1Z;^R%X_O8/&WPOD
M^(R:R+_PU=ZMXGUIIO%GB?X6>%[!XXD^%/C)_$K>*-:T_2;CQOXV\2>$V\0>
M!?$7].%%'6^MWYO^OZ\V-))))))*R25DDK626RT26G30_FI_X+T?\%X_"7_!
M-KP9?_L]_L\:EH'C7]N;QSH*26MM,EGKGA[]F_PQK=F9+'XB>/\`3IDGL-3\
M<:C9S)>_#/X::G&8+J.6U\=>.+-_!B:%X>^(?^8CXS\9^+_B/XO\3?$#Q_XH
MUWQMXY\:Z]JOBGQAXO\`%.J7FM^)/%'B37;N;4-8US6]9U&::^U+5=3O[B6[
MO;V[FFFGEDD9V.05_IK_`.#KW]AGP_\`LP_MX>$OVB/A]H>I:3X#_;5\*^)O
M'?B1[W6[35+*3]H#P3K\%K\6/[#T]IVU[1=*U3P[XH^&?BJ>VU:*73IO$?B+
MQ&/#FI#3;8^'O#7\MXQQ^&.0.#VZG_#/(]@?E_7]?E]XG!)[XZ'(/!&#Q_CF
MCI^`Z`#)Q@9S[@?Y/-+].W88_+V_2DSQSD$`_B>G`SR,],T"/4/@=\(?&7[0
MGQI^$WP%^'=FE_X\^,GQ&\%_#+PE:2RVEO"^O^-M?L=`TQ[F[U"ZLK&VMH;F
M\6:>ZO+NVMK>&)YKJX@MU>4?[1W[*7[,7PG_`&,OV=_A/^R_\#M+U'2/A?\`
M![PTOAWPU#K&H?VGKFH/<7]]K>O^(_$.HK#:6]WXC\6^)=6UGQ1X@N+"QTS3
M&UK6+UM+TG2M.:STZV_RE_\`@@GJOP_T;_@L+^P7=_$S2KW6/#<WQ>O=*TRS
ML)6AGB^(>N^!_%NB_"?57DCU32";30/BC?>$-:U*)KR1;C3;"[M_[+UY9)=$
MO_\`7TH'T^;_`$_KYA1110(_'W_@MY_P3R\%_P#!1+]@GXP^!9O"$6L_'3X6
M^$O%'Q5_9J\2Z?H=SK/C/1?B;X6TK^VCX+\.Q:=>V-]>V'QCT[1S\,]=T><Z
MKI<DFMZ1XH'AW5O$O@[PJ]E_D+!]ZJ2I!Y#(P(96&59"I4'<I!4@@=/3I_NU
MU_A>>-9;*;QMXSFTWRQILWB[Q/+8"`KY/V%]<OVM1$5+)Y7V<ILVDC;C!9=I
M"M^=_P"OZVT`YG&005&"",$9!'(Y!&"/\X'%?OI_P;)_M(#]G?\`X*Z_`O1[
M_P`0Q>&O!_[1/ASQY^SKXL>?3?[0369O%^D+XH^&VA+Y5A?W=C<ZU\8_!?PY
MTJVU73Q:26IN_*UC4;;0KO68W_`H=,8]>HQD#CT^G^'&*]+^"GQ7\4?`3XS_
M``C^.O@B\73O&GP9^)G@3XJ>$]0>WL[U+/Q%X`\4Z5XIT>5['4(;K3[U/MVF
M0B6RO[2ZL;Q%^SWD$UN[1,_Z]?Z>@?U_6Y_=Q_P>:_`&XUWX+_L<?M,Z9X7T
M]H_AY\1?B!\'_&GBV"#2X-9^P_$S0]%\3>`]&U&X#IK>H:58:EX`\9W6D1@7
M.EZ%?:OJ[[K*^\0A=1_S_<@X].">3CCD?S_V3CM7^N#_`,%G_A;X1_;O_P""
M,?[3&H_#NX\/^*=+U?X`:)^U/\(/%&KZ/?V\DFF_#>WT3XZZ9K/AJ'4='_X2
M#P_XB\7_``_T;5O#>F+-8:3?M%XLN_#VMS:9IVI:N(_\CQ2&567.&`([8W+G
M!`)`QSZ\_H:=K?UUW6UEIIIZL+-7WU>SZ625EIWUU;=V]E9)P^GMSSG/T/4<
M<G^5?WS_`/!H'_P3U;P_X+^*7_!1WXD^'&74_'<FH_!G]F\ZOIX::V\'Z->H
M?BQ\1=%;4=$8"/7_`!+;6GP[T+Q%X=UY9$A\,?$OP_J=M]EOX2_\1O[,G[.G
MQ._:W_:`^$W[-WP;\.ZGXG^(GQ=\76?AG1-,TN!9Y[:T*2ZAXA\0WA>2&WLM
M$\)^&K+6/$_B#5[ZYM=-T?1=(O\`5-2N;6PM+FXA_P!6[]MWXQ_"S_@BM_P2
M2\4WWP=MM(\.V7[/OP@\-_!7]G30=2N_"NEZOXF^)^N16W@WP?JTMD=#@T?Q
MKXU&L7FI?&'XA6UGX9EG\60Z)XZ\2ZG906K:Q?6A:]O-V6J7;?567F]-];)V
M+I7NGHKWM)]>ED^9Z?"KO5::J_\`$I_P=1?\%`!^U7^WC'^S5X)U1KWX0_L4
MPZU\/9TB6-+/6?CSK\EC-\9=7S-HVFZLO_"+MI7A[X8#3[RZUG2H=6\%^(==
M\/7,5IXHNWN/YA_<C'0#@$^O/4=?7CUJYJVJZCKNIZKKNMWL^JZUJ^H:AK&K
MW]PYENK_`%35+F34-1NIY"`TDUY=SR3R,<,[ON)R,U3YVX]N_P#DCGOST[T?
MU_7]>@W_`,!?U^+\P_\`KG^?/'7/_P!?K7]5G_!JY_P4UN_V6_VL)OV)OB)J
M6?@=^V3XIT2T\)3W]]K\L/P[_:,M],N-)\)W6B:/:?;=*A3XT0?V)\._%DTN
MD07M[K&D?"[4+SQ#I>A^%=1L]1_E3ZGG`/M[?AC'/48/:K5AJ-_I5_8ZKI%Y
M/IVJ:5?6>HZ=J-I,\-WIVHV-Q%=V5[;31L'ANK2XACN8)%8%)(T(*Y4TK6ZO
MYOT_KY^8C^]S_@[T_P""<[^(O"/PW_X*2?#'PX7U7P+'IGP<_:6&CZ>"]WX,
MO[R9OA9\2M6CTS0P'/ASQ!?7OP\\1^)/$&NR7#6.O_#+0--M!9Z2_E_P,^H^
MG!Z8XS@>F#^?6O\`73_X)8_MH?"K_@L3_P`$TM)O/BB=#\8>*_$_PSU[]GC]
ML_X:?;Y-.NG\3ZAX=U'P-XYEU.#PY8>$Y=#T+XS>%[B;QWH#>$DMM-T33O%,
M_AC1]<;7/"6KFQ_R\?\`@H+^QQXT_8!_;%^.7[)?C6XFU.Y^%?C*6V\)^(WA
MM+=_'/PTUVW@\0_#3QJMEIFHZS;:?<>*/!.J:)J^I:%%J>H7'A[59;[P[J4W
MV[3;P(]>JML]?1-?\/\`\.Q-/5.]KIVVT=GMU3NGV>^I\<],#K@CJ!^AX`(Y
M]_PK_1,_X-&OV_/B3\:/@!\1_P!ACQWX)\;Z[I'[*]O'XM^&WQM@L[&7P'HO
M@#Q]KA:R^!_BF^BL[&_L?&UAXE?Q9XO^']S=7OB67Q1X,E\6:3)_PBMC\,-&
MM_$W^>GX0\'>*_B-XQ\+?#SP)X<UGQ;X[\;^(]$\(>#_``?H.F7>J^)/$OBC
MQ'J5MI'A_1-$T>SAFOK_`%35M2N[6ST^RMK:6YN;FXMUA@DD81O_`*TG_!-/
M]D3X"_\`!$[_`()I:?/\8]6\(?#C6?#?@9OC9^V3\8=37<;WQ]=6)U#6-,NK
MO3;_`,0SZ[I_P^M[RW^&?P^T/PG]JC\43Z;%?^&?#LWC#QSJ46J)^>E_S_X?
M;OV&K^ORWU7^?376W4_::BO\C3]I?_@O/_P4E^,O[37QD^.GPP_:S_:&^!_@
M3Q[XRU*_^'WP9\*_%#5D\#_#GP%;'^R_!?ABS\-6D-GX2EU6P\.V^GCQ)XCL
M_#>G7WB?Q#]O\1ZJKZE>RRU\I_%S_@J7_P`%'OCQX1U3X?\`Q<_;;_:1\:>!
M=:2*+6_".H?$[Q#9>'M=@@GL[V&WUS2M(GTZSUBU@O;*TNXK:_CNK>&[MXKJ
M)5N0SA_U_7_#AIW_``_X*Z?TC^WG_@X(_P""_P!\%/@W\#OB3^QI^QK\2O#G
MQ8_:(^+GAGQ!\/\`XB?$3X<>)+?5?#?[/'AC5H_#*ZT'UL>&-;\(>-/&'CWP
M?K'B[P=IVG^$?%MOKOPRU:.[\1Z[>:-KVE:+IFI_YQER,6\@`'`4`DC.%93R
MQ/S-@<9))/RGYJF`')(8$L2W/S,X;[[MNRQ<@$EF)8'Y\\U#=?ZB3T^3ZYWK
M_3_/J.UK)62=TK]=->U[))M)726A"5KMN\G:[LELMEUY;\TDI2DTY/6UDO\`
M<B^"/_)&/A%_V3#P#_ZBFDU\._\`!'S_`)1Z?!+_`+&?]H;_`-:9^,=?<7P1
M_P"2,?"+_LF'@'_U%-)KX=_X(^?\H]/@E_V,_P"T-_ZTS\8Z"^C]5^4C],:*
M**!!1110!^>__!)?_E%]_P`$]_\`LS?]G7_U5?ABO\JS_@KB#_P],_X*)=S_
M`,-F?M#<C@9_X65X@ZYS]._MZU_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)
M*_#'7WK_`"K/^"N./^'IG_!1+/3_`(;,_:&STX'_``LKQ!]/\GTI6UOY-??;
M_(#\\3G^>>O3!&.!W[]^W.11Z?\`ZR?4<X]/7KUZ4>G/&3D],#GK].GKWH)[
M?GGIC!S_`$!)'?O3`CEXAD_ZYN/Q*GGDYZY^G?G%?[,G_!);_E%[_P`$]O\`
MLS;]G3_U5?ABO\9J7_52@<#RG/'^Z>G&/Z\YK_9F_P""2_\`RB^_X)[<8_XP
MV_9UX]/^+5^&.*`/T(K_``\_V@N?CY\<ST_XO)\4O?\`YGK7O3/]>?6O]PRO
M\.?XXG_B]OQE_P"RL_$CC_N<];Z>IH`_M+_X,KO%MX-9_P""A?@.1V>P>R_9
MN\76RA4"P7D$OQCT:\<DYEW7<%Q8+WC(LV;,;8#_`-YM?Y^G_!ENF?C7^WRP
M5RH^&/P)CDDV_(LDGBCXA&-"W(&](V958_.4D`#8K_0+H`_SZ_\`@]$\)6]E
M\>/V$_'<=NRW?B+X3_&7PA=7C*FR6V\'^+_"&M6%NK<2-);S>-M0=U.4C2XC
MVE3*P/\`%5T]OTX]>AZ<@#IUK^Y3_@]4(/B?_@G2IQG^Q_VH".1D@77P*)PO
M7`)&2?4>O/\`#7P1USGT'/\`N@#)Y'XTG_7]?UWZ:@G!XQQZ?X#MW]#D'@U_
M4)_P:*C_`(VO:\<]/V3?BW[]?&'PQ[^WX^G:OY?,CIU[\8R1^([]/3\:_J#_
M`.#17G_@J[K_`+?LG?%H#'/_`#-_PQZ_G^=/^OZ[`?UD_P#!TO\`\H9OV@NG
M_(^?`7_U<'A+I[_TS7^5D2.>>@Z#'OD\^G''_P"JO]4O_@Z65G_X(T_'^-0[
MO)\0/@"D:1J7=G?XQ>$42-5526,CD(`!D[L+S7\*'[$O_!`C_@IS^W+=:/J/
M@_X":G\$OA=J^G:=K4'QI_:5@UOX3>!+K1-<T.[U_P`.ZOX9TF\T34/B/\0=
M+\26MI#!I&L_#[P-XGT&&?5]$N]:U?1M%U.+5E!V;_KSM\C\9/PY^GN<CU[`
M<9SG.,=?4/@[\$/C)^T'XUT_X<?`?X4?$/XR>/M6\_[#X/\`AGX/UWQIX@N4
MM+6>\NYCIV@65[-%;66GV=U?7]W<"*VL;&TN;NYEBMH))%_T#_V.?^#/_P#9
M+^&#Z)XK_;%^,WCK]ICQ1:MX:U2Y\`^#;(?"3X107]H'N_$GAO5Y(+[7_'_C
M70KB\\K3K'6;77OAQJ$^F6]U=7.CV5YJ<%OHOZ]?%S]M'_@CU_P1?\)R?#&^
M\1?`3]G#4[/PU;21_`_X)^"K/5/BSXF'A?P_!>^&K;Q/X7^'FD:AXA_MW7;'
M6;<^'?%?Q=OM'M?$5WK%YJUUXK>.36]7A-$M^J5M7VZMK1I]&W=;:DZWTCII
M>3>G716NVT^6]U%6DFFVFC?_`."&O[-?[0'['_\`P3#_`&</V;OVF/`.C_#?
MXL_#)_BO!J_A?2?&FB>.9(-.\6?&?X@>/='NM6U;PH]_X6MM5N;3Q4K3:=X>
M\1^+;!+1+&]GUFVU._U#PYH7ZXU_)C\`_P#@[9_8[^.G[9'@OX!ZA\'?&'P.
M_9Y\=WRZ!I?[4WQQ\?>'?#0T'Q3<Z&)-'M_'7PR\-Z)XNT;PAX5UKQ>H\*Q^
M-[_XO2Z1H5G=Z9XL\80>&M$.N/H']9U%[]+;=^RU=]FWJ_PLM$[-+5WU>KMZ
MI:)+1-)=;+WFW=LHHKRGXT?&CX5_L[?"SQS\;OCAXY\/_#7X4?#?09_$?C3Q
MKXENVM=)T;2X)([>(%(DFO=1U+4[Z>STG0=$TFUOM=\0Z]J&F:!H.FZCK.H6
M-C<`'\2__!Z?XK\-3/\`\$[_``'!JVE7'B^Q;]I?Q?JFA0:A83:YI'AS4U^"
MNC:'K.IZ2D[:C8:5XCU72->M-$U&XMH[#5;SPMK]M9337.BWD<'\*8'`^I(Y
M]R>OT_\`K]Z_2O\`X*W?\%!->_X*5_MP_%7]I*4:QI_PY^U+X!^`WA;6OM-O
M>>%?@OX4N;N'PG!J&E/K/B*RT/Q%XD:YU#QOXRT[2=4N-(B\9^)=<&G.;9U8
M[O\`P2C_`."4?QZ_X*L_'B7X:?#.=?`WPL\##2-7^.7QRU;2[C5/#WPW\.ZE
M<3QV6GV-BLUG'XG^(7B:.QU%/!W@X:EI\FJ-87^I:EJ&D^'M(UC6M/77^O+[
M_77</0_+5F1=I=E0\$`LJYQZ9(SMSVI/-B8@"2,DG``=2"3QM`SR3UP!C-?Z
M\O[(?_!!_P#X)<_L;^#8_#7A+]EOP!\8_$DPMCK?Q6_:9\->%/CC\2-9N+&Y
MU>>SN8KOQ7X>/A/P9)!;:N^FW-I\,?"'@73M8L].TB37;+4]2T^WOS]6^//^
M";G_``3Z^)_AK4_"/CG]B3]E;7-%U31[_0ID/P'^&VG:G96&I65Q83OX?\0:
M1X;L/$'A?4X(+B5M-UOPUJFE:UH]UY6H:1J-E>V]O=1,/Z_K7^OR_P`=C]G#
MQ-\8O!?[0WP)\8_L\Z9KFM?'KPI\7_ASXF^"VC^&O#W_``EVOZO\4M!\7:1J
M?@72=(\*_8=4'B6_U'Q':Z?:0Z"^F:E;ZOYCZ=<V5W#<26LO^V7\.]:\6>(_
MA_X$\1>/_!1^&OCO7O!_AG6_&GPZ/B32_&+>`/%FJ:)8W_B3P4?%VAQQ:-XH
M_P"$4UB>]T(^(](CBTS7#8_VG8(EI=1I7Y+?L*_\$)?V"O\`@GI^TO\`$S]I
MOX">"M:N?%7B_2(M)^'.E?$'5Y/&T/[/5MJ5QXG7QW9?![5]4!U6PT_QGHFJ
M>'_#<^H^)Y?$OQ`TG0]"UK1;;QW<:!X\\3Z+-^`O_!8+_@Z9\6?"G]H#P[\$
M_P#@F9JOP]\7>'?@UXW@OOC7\:_%.AVGCKP%\9]7T6:6WU+X.^`H4N+227X5
MQ2&6V\7_`!3\,:MI'B7Q7J\,$?PJ\2Z%X7T@>+?B`?/[O-)ZZ;K;MZZ`M5M:
MS>]N]D]+[[K6]GJD[H_N:HK^&+X<_P#!Z+X8/AS28/BY^P5XBB\7VVF:;#KN
MI_#?XXZ9<^&=8UF.QB76-3TG1/%'@"QU;PYI=YJ2RS:;H-[KWBJ[TNRG2SNO
M$FKS6;7]YY1^TI_P>7^/O$?@?5/#W[*/['^F?#3QSJ*SVMM\2OC-\0HOB%9^
M'K2YT^_M6O-(^'?AGPYX8M;SQ%97]QI^IZ3>ZYXMU'P_"UA-::KX6UJVO,0`
M[>GW_P!=_P`^S/[Q?'7@OPY\2O!/C#X=>,+&?4_"'CSPKXA\$^*]-M]3U71+
MG4?#?BG2+S0]=LH=8T*]TW7-(FN]+O[FWBU+1M1T[5M/>076GWMI>16]Q'_F
MB?\`!4O_`(-C?VK/V-;/QG\</V8+:]_:4_9HT.TOO$NKZ+I%[#K/QV^$OAZU
MBTI[T>)=!AT/PQ_PL_1]'N+_`%"-O%OP]T`ZB=`T34/%_BOP3X*TJ&[^R_BH
M?^"C'[<$G[71_;O_`.&C_B''^U4=?37S\4TOK(2,L0D@3PHWA(6A\$'X;+IK
M?V$OPP;P\?`+>&V?PZ_AO^QW>S?^X;_@D=_P=.?"3]H%=,^!_P#P49U'P=^S
M[\9&_L'1O!OQQL;*]TGX*?%"^GET?0GM?&TQFU.V^$/C.^OKFX\0WNN:M)I/
MPA?35U<MK'@5]-T?1]>+:WOT:MTNW'73JDFE=VLY:-\K4M-RC9RLF[Q7+9W6
M\KIRT:27(T[M73C>W^=$`VXJP*,C;)8F3E&4LI0@@,L@8?,C@2*``8T<\J0&
M4J02""",D'D8.2#QP>G7OUK_`%.?^"JO_!N+^R#_`,%"$\?_`!A^%MI'^S7^
MV#KPU?Q!#\1_"B/'\-?B?XUNGTV?S?CAX`BMKF"[&L&RU&'4/&W@(>&/&*:W
MXCO?&GBA?B1-8KX:U+_.G_;M_P""='[6_P#P3C^*EY\+_P!J+X7ZEX9M9M4U
M;3_`OQ3TBWU+5/@[\7+72%LKB?6?ACX\N=-TZQUV!;#5-*O]1T*[@TSQAX9C
MU2RL?&'ASPWJS/IZ'Z?\.,_TIO\`@W9^,N@?M0_\$:_V;-'\4:I'\1+_`.'>
M@^/?V;/BCHGBNRN]9LX(/`_B36])\.^!=6AUZP&F:_H?_"EM7^'L<-G:?VKH
M<'A_4[;PY+*+C3M1T^U_R[?VHO@AK/[-'[3'[07[._B&6QN-9^!_QG^)7PNO
M[W39KN?3=0;P7XNU?08=2TN:^M-/O9M,U."R@O\`3KB\L+.ZGM+B)YK*VE+H
MG][/_!G/H?[1_A?]EC]J'3OB/X#\9^%OV=_%GQ.^'_Q0_9Z\2>)/"HT30_'G
MB'Q'H7BGP3\9=8\&ZS=6%IJGB;2-.3X9_#'3+VY6[OO#UCJ,-PFD>3JD_B-I
MKG_!6W_@UY\7_MT_M6?%O]K_`/9\_:1^&GPQ\2_&'5/!5UKOP>\:?"O6-'\*
M6-[H?@73?#/B7QA'\1O!_B'7[W4O$7BK5M"M/$6HV#_"ZP6]U+6]=U+4]?N]
M1W2ZD.]];ZZMO?6S7WWO?_,45&R4;65HI*UM/=:5M%RM6M96LUT5_C'_`(,\
M?V$+G4?%'QO_`."B7C;2-/FTC0+'4_V=?@:=5T;2=1NE\2ZG)H7B+XK>-_#]
M]<W;ZEX;U+1-`31/`5MJMEID)UO1_''C;0XM7$%MK^FW?RW_`,':O_!0X_';
M]JCP=^PI\._$,MW\+OV4(QXD^*2:;J?FZ-XG_:)\9:1"PM[U-.\0:CH^KGX1
M^`[Z#PYIT]WH^D>)/"GC3QE\7?#=^LD*P8_L6^(FK?"S_@A[_P`$A=;N_!.F
MG7O"_P"QK\`K'1O"T-S87C1>/?BQX@U6ST#2=>\1::_B/[7IUA\2?CEXVB\1
M>,;33O$1.AV/B+6H_#[NEE8VE?Y%WCOQUXN^*'CGQC\2_B#KVI^*?'GQ"\4:
M]XW\:>)=9N[C4-5\0>*O%6JW6M:]J^I7]U)-/=WFH:I>7-S<SSS2S.TFZ21C
MABM]?G_7R*Z?A_FW]^G_``#E.N#TZ]1S^'0C_/%(?YC'08W>IY/KM]\<TO!S
M[C'^?4<]J./R]>WOR/4<=CUYH_S_`,OT[?F(,X[_`)D#&0>#CL>G>CICGMUZ
MCGN<?_6Q[4G'XY)'.#U)/?D$CW_+-=I\-O`/B+XL?$;X?_"SP=I]]J_B[XF>
M.?"?P^\+Z1I-I<:EJNI>(?&6O:?X=T?3],TZT5[J_P!1N[[4K:&SL;59+B[N
M)8X;>-Y'5"?UV_X?K^7<#^X/_@SR_9R_;.\(2?'C]I*X&F>"_P!A_P",.BZ?
MX6LM,\4Z'+/XB^-/Q4^'&LZKIVD>,/A7<^997.C>$_AR-7\:^$_%WBR2>\\,
M^*->O9O!VGZ+KWB+PIJNM_#/^UOQ#\#_`(+^+/'NA?%3Q7\(?A?XF^*'A:TT
MRP\,_$GQ#X!\)ZSX]\.6&AZI?ZYHUEH7B_4=)N?$&D6>CZUJ>I:QIMMI^HV\
M-CJE_?7UK%#>74TS\[^S)\`_!O[+/[/'P5_9R^']IIUKX2^#'PV\)_#[3)])
MT.T\/6^L3^'=(M;35?%%UH]A)-!!K/B_65U#Q3K\\ES?7>H:]K&I:A?WVH7U
MW=7D_O55M;7;9K3KOLG\WK]Q-DT[I^\O>C)J5KI)Q:NXVZ-1;C>[UNV_#?$/
M[-?[.GBSXC:/\8O%7P!^"GB7XM^']6TW7O#_`,4?$'PK\#:U\1M#US1K6UT_
M2-;T?QQJ6A7/B;2]5TO3[.SL=.U&RU2"\LK2TM+:VGC@AAB3^93_`(.\=/\`
MVL+G]B#X877P8TC5;G]FZS\:ZW_PUYJWAW[.=4T_29=2\`W'P:L/$:PQ-J[_
M``QU#QW9WFH>)$1V\.KXVT3X:7.N6\FH6_AN:V_K=KB/B-\/?!WQ9^'WCGX6
M?$+1(O$W@'XE^#O%'P_\<^'+FXO;2W\0>#_&6AWOAWQ-HEQ=Z;<66HV\.K:+
MJ5[82SV-Y:7L,=PTMO<P31I+'-MKV?JD_1ZK1IV:?1ZJS2:;2DK2U5XO?9PD
MI1?2]G%.U[.UGIH?X9A.>O3//4'JN.V<]<8%+]>V.3C\^OT_ST]P_:>^"&K_
M`+,W[2?Q^_9SUZ]M=1UCX$?&3XD?":^U/3VN'T[5G\!^*]6\-QZI827EK:W3
M:?J46G1W]F]U:VEV]M-!)<VT$KR0KX?CGIQP/J.1@#T!_KZ4_3^OZ_'R&'K^
M77/MWX'^-5[K/V>3)S]S_P!#6K'3K]./K@?TJ&X<+!(1D_+MZX_UAV=1S@%O
MQQMSUI/S[_Y))ZZW?R[@?[D'P1_Y(Q\(O^R8>`?_`%%-)KX=_P""/G_*/3X)
M?]C/^T-_ZTS\8Z^XO@C_`,D8^$7_`&3#P#_ZBFDU\._\$?/^4>GP2_[&?]H;
M_P!:9^,="=TGW5Q]'ZK\I'Z8T444Q!1110!^>_\`P27_`.47W_!/;K_R9M^S
MKUZ_\DK\,=?>O\JS_@KEC_AZ9_P41'3_`(S-_:%[X_YJ7K_3U^E?ZJ?_``27
M_P"47W_!/?\`[,W_`&=?_55^&*_RJ_\`@KE_RE+_`."B6<<_MF?M#=BP_P"2
MEZ_QV/Z#FEU7H_SB!^>1QVQZ?_J.,<8Z=N])S@\#OVY[@$*1W&,9Q2XYS[\_
MEU`Z9[?G29SGTR??T)]>I/Z]J/\`-=>G?_@=?P`9+_J9.P\M^/JIZ\<'/!_Q
MZ?[,G_!);_E%[_P3V_[,V_9T_P#55^&*_P`9N;_52\_\LG7KT.T\CGK]<G\>
MO^S)_P`$EO\`E%[_`,$]O^S-OV=/_55^&*8'Z$U_AV?'G_DNOQKSYP_XN[\3
MO]?_`*\?\5OK>?./_/8?\M./O[J_W$Z_Q0M;^`'QR^//[4WQ1^'?P3^#GQ)^
M)WCK7_C'\0[72_"G@3P5K_B/4YVG\<ZU$DSQV-E<?9-/M")#=ZGJ,]M8:?!#
M<W%_=100231@[7_KU_R/[#O^#++P%>PV7_!03XH3PXTV\U']GOP#I=R5(,M[
MIMI\5?$.N0(1\O\`HUMJ_AUF`^?_`$J,G=D5_=?7XU?\$+_^"<6K_P#!,W]@
MSPC\'?'XTU_CC\1/$>K_`!C^.CZ3/#?6&G>.?$]GIFF6/@VRU*!I(M0MO!'A
M/0_#_A^ZN[6>XTR^U^UU_5M*E?3]1@D/[*T?K\@?^7W]?Q/\\C_@\X\<6VI?
MM2_L8?#=)XWN?"'P%\?^.+BW656EAB\?^/X-!MI)HL;HDF_X5Q=>6V0)/*?`
M'E_-_&;U'H?Z_CC-?NY_P<E_M)6/[2/_``5P_:%?1-135/"WP'L?"7[./A^X
MCEBDACN_AOI\USX_M(S"65Q9?%+Q!XYL][,\A-L,NJJD4?X1\8QR.GID9.!T
MS_GZ4:_Y@_T7Y(3N.G`Z8^O(/7VX'?IS7]0G_!HJ?^-KNO8_Z-.^+6?K_P`)
M?\,B?IS_`)Q7\OF!^/J>>1QD^X_#OZ<?U!_\&BW_`"E=UX=1_P`,G?%O/7'_
M`"-_PR&.<^_?M0O/_AO\Q'^CY\;_`!5\'O`OA33/&WQW\1_#3P=\-_"'BK1?
M$FI^+?BYJ_A;P[X&\+:OI+75[X3U^_U[QC<6>@:)J6E^*HM'NO#NJ75W:W5G
MXACTRXTRXCU&.UEK^;7]N+_@[+_8.^!&E7N@?LCZ=XD_;&^)T^GRFSU;3+#6
M_AO\%O#FH21ZS:QIK_BWQCHVG>*_$MYIM]:Z-J,^C^#O"-UH>L:+JQCMOB!I
M>JVUQ;6WTI_P=,J&_P"",W[0(/\`T/OP$/4CD?&+PDPZ$=P,5_E:G!QW')S[
MC&/;N>M'6_;RO^?Y`U=6ULT[V;3UTT:=T[=59KIL?N7^VM_P<4_\%0?VU+7Q
M%X3U'XRV_P``/A'X@98;GX5_LXV4O@"UN=._L:YT#4-*USXAR7FH?%C7]'UR
MRO\`49/$GAO4/&[>$]7NKH2/X>AAL=+M;'\.+FXFNKBXO+J>6[NKIY+F[N[J
M:6ZO+F:5W9YIYY#)/<2RLTCO++*\A8$9)+;6'/4=0>/U`Z#/&?\`Z_>C\/IQ
M_/UY)Y'&,\TMMO\`A]OG>VWXL+@1D8.,?,",`J1@@Y&<'MGWYZU^QO[`7_!=
MW_@HK_P3KTS2_!7PJ^*&G_%#X,Z1"]MIWP,^/-GJWCWX>Z-;,-9DCMO!]Q9Z
MYH/C7P':PZCKMWK1T[P7XKT32-2U:&QDUS3=6M(&M)/QR//UZ\#'8]/3^G0]
M:3&#G/7J<>@'&><>O]:/^!_6VMOZL!_7I??\'E'[?<ED$TW]F+]D"UU(A0+N
M]L/C/?V2L%/F,=/A^*NF3LK-_JT&HDH#AF?EZ_G]_;/_`."G/[<__!0'43)^
MU-^T-XV\=^%XM9T_Q#I?PKL;P>%?@[HFNZ/I5SH.FZ_H_P`+/#QLO!UOK]GI
MFH:E:P^(WTR;7C'J^K&;4&?5M2-U\&]QST_'D<<]>N?;'7Z+G/&,DY!_J>__
M`(]U%/\`RL]=U=/;JKI/79I,&D[-I::K39V:NNSLVK]F^[&NVU7?&=BL0N0"
M0HR1GGKC@X_3FO\`7#_X(#?L:^#/V.O^"8G[-5GI?A_P]:_$;XZ_#[PY^T#\
M7?%^D"[GU/Q=KOQ4L1XR\*VVLZA?(L[-X(\":YX<\&P:79)#HFGW>E:I>Z=#
M=WNL:MK.K_Y'<HS%(`"28W&.Y8HV!@`9SDD#GGUYK_:'_P""9_C?PS\0_P#@
MG?\`L,^+O"&LZ;KFB:G^R;\`88KS2]0M-2M[?4M(^%_AC1?$&B75S8W$\$.K
M^&_$.FZEX=\0Z:S)>:-KVE:EI.HPP7UE=6Z";UZ7\_3331IO75736EA-7:?:
M]E96N].:[5TTKI6:5I2NGI;[EHHHH&%?X]__``6X_9#\(?L/_P#!3G]ISX%?
M#:&*S^&7]OZ%\2_AYI-O:W5K;>&?"WQ6\-Z9X\M_!=JM[J>K75Q8^"[[6M0\
M*:?J$U[+-J=CHUOJ%Q%:37<EC;_["%?YE7_!US^SI^T+HO\`P4>\:?M(ZY\%
MO'UC^SOXL^'WP8\+>#OC;;Z%=:I\-=8UZP\'2V&H^'K_`,6:7]NTKPWXLBU?
M0?$,%MX3\37.C^)+S3=';Q#9Z7<^'KW3=4NS^ORZ?U8??TT^]'\M6!@=3R/Q
M)/'3[Q&.V<X-`)&!@8['TR>`<X)__4,4<$9!X89X(.0<G@C(Q@\!<<>_3[R_
M8Z_X)A_MY?M]3+/^RO\`LY>.OB#X575[[0+WXGWEM;^$OA#IFM:7IT>K:GH]
M[\3_`!9<:/X)CUJQT^XL[BZT:'5YM9VZCI=LMD;K5=,ANCY=W]W_``-?D2VE
MNTKM*[:2NVDE=]6VDN[:1\'8'0]^>>?0=_P_.FLH.4/((P<$XP<C!P05ROT]
M>U?U3G_@T`_X*B?\(6?$P^)7[')\0?\`"-G7!\//^%D_%(>*#JO]FF__`.$-
M.J#X-'P,/$/VG_B2B\/BX^$O[3_>'Q/_`&1_Q.*_#']LK_@G+^VC_P`$_O$E
MIX>_:P^`OBWX7V^J7$EGX;\8YL/$OPT\536]GI]_/#X9^(?A>ZU3PCK%Y;6F
MIV#7VGP:LVI:7+,;'4;.QOHKFT0_KR&?>'_!++_@OA^V5_P3,O=*\#6^JR_M
M`?LOA[.QOOV?_B3XAUJ:S\':3_;[:SJE[\$/$QGN+CX8Z]=K>:XK6*V>M^`]
M0O=<N]3U[P=J>L6VEZII_P#HM_LG_M=?\$^/^"U_[.-UXK\+>#?!/QS^'N@^
M*;2W\??`O]HWX8^"O$GB7X:>-+:TNYM!E\:_#CQ&OC/PY#>WVDW-Y>>%?%FA
M7VOZ!J=O+K>GZ-XBFU/2O$FFZ7_CN]\9]^><<_U[>F/:O]+O_@T&\,>'M,_X
M)@^._$NGZ?I"^(_%/[6'Q,B\2ZO:VD*:M=1:#X-^&MMH>DZIJ'V>*ZNK728;
MJ\O=,M)99;2Q_MR]N+1(9M2O@YWW\O/;S_X/R=PU]>]WLNFEG?6RLVE9WOHH
MO^I71M&TCPYI&EZ!H&EZ;H>A:'IMCI&B:)I%C:Z;I.D:3IMK%9:;IFF:;910
M6FG:=IUI!!:65E:06]O:6]O'!!''#&B#9HHH`Y_Q-X9\-^-O#GB#P;XR\/Z)
MXL\(^+-$U7PSXJ\*^)M*L->\.>)?#FO6$^EZ[X?\0:%JD%WIFL:'K&F7=SIN
MJZ5J5M<6.HV-Q-:W4,\$\D;_`.7;_P`%9O\`@@'^U;^S9^V]XT\'?L8_LT?&
MWX]_LV?$B"3XI_"34/A#\,OB9X^T7X4:'XEU[7[9_@AXU\6RV&N6EOXA^'MS
MIDMMI-QJ_BS5-4U[P)>>#?$>KZA_;NL:MI>E?ZF5?FQ_P4D_X*G?LN_\$L?A
M]\/OB%^TP/B1J5O\3_%>H^$_!?AGX7>$K/Q1XFU2\T?2&UG6=0D76=>\*^'[
M#2M,C;3;.Y>^\06]]/>:S8)8:=>6T>J7>F@?UV/\[GX4_P#!L1_P6.^)\GA6
M?4_V=?"WPDT+Q8=!N/\`A(/BO\9_AEIG_",Z5K7V60:MXK\(^$O$?B[XAZ0V
MD6ES]MU[P\?"$_C"Q,%SI;>'Y-7A&F5^G7PH_P"#,K]J'4]8TY/CE^V+\"/!
M6@,;O^UKGX3>%?'WQ+UFV$=M++9#3[+QCIGPIL]0-S=K!:W)N;_3#86T\U_&
MNI2VT>FW?U]\:_\`@\_^$^GW?B+3OV<?V(OB-XQLFTV6+PEXO^-'Q.\-_#F9
M-8ETA/(OO$/P^\%Z)\3&N-)T[7WDCETW3_B+8WNN:-:I<)J>@7VHM;Z9^2OQ
MF_X.X/\`@J)\11:P?#31?V=?V?K:U>^+7/@WX<WWCC6=0CNOL7V==2N?BKK_
M`(QT<R:;]EN3:2Z3H6D)(NHW7V^*]\NQ>S%O]^]][:;:^G2^^EQ.]M+WO':U
M[<RO\6EK7YOM<M^3W[']`OPM_P"#._\`X)W^&]"TI?BK\;/VJ_BEXNMTNAKF
MHZ/XJ^'WPY\'ZG(][--9-IOA.R^'OB37]'6VTW[+97,<OC_6FN[M+G4(I+2&
MZ@L++]//`7_!(#_@BY^P9XG\&_M`Z9^SC\"/@OKW@'Q/9:MX*^)7QB^*'C#6
M]/\`#7C2UMKG4='U/2-0^.7Q'\1:#;>*-'&FSZ[X9OPC:QH&HZ2/$FAR:?J>
ME1:C;_YRWQA_X+I_\%=/CEJEMJ_B[]O3X[>&Y[33XM-AL_@WK&F_`'2UMH;F
M\O(VGTKX*Z5X#M+_`%`RWTJ3ZMJ<5YK%S;1V5C<7LEGIVGV]K^7GB3Q9XL\9
M7+7OB_Q7XF\57L@17N_$GB'5]=NF"@A,SZK>W4I*`MY>6RF24VGJD_G^=[:7
M5M-[OR[7T;O;1I:K=7TNKK=;I::V3UL]G_NE45_'7_P;<?\`!<[P'\:/A)\.
M_P!@']K+Q_X6\&?M`?#"T\%_"?\`9IU_6([K1HOCU\/-/T6]TGPKX0EU&#3%
M\*6OQ,^'^G:!HGA*+^UM7TC7/BI#K/A8:1IOB7QO!XKU;5/[%*8!117\NG_!
MQ+_P6Z\(?L.?!_QC^R/^SIX]N9_VX?BGX>MM,O-4\$:O9PWO[,7@?Q##97EU
MXS\3ZG%%<W&C?$CQ9X8NI(/ACX:L)-/\5Z39:U:_%>74M!M+#P2GC8`_S]_^
M"DOQ-\)?&?\`X*%?MP?%;P#JD.O>!O'_`.U;\=?$O@W7X(;NV@U_PO?_`!$U
MYM"UR"VO[>TOK>'5M,2VU"&"]M+6ZA2=8YX(95=!\4GOCCIG`!/?'')^OX<T
MT`J`"=P`"[NI(P<,Q)Y.T9;U.YL*.`[J..XS[GT[CZ=?Y8I>?]:_U_F`$9X.
M._3/3_/7W]15:Z_U$G4'Y0,]QO4@8XSM!'8?SJP<@9R?4X'/Y'IQU_/U!@NO
M^/>3MROY[U)QD<_X9]*8'^Y%\$?^2,?"+_LF'@'_`-132:^'?^"/G_*/3X)?
M]C/^T-_ZTS\8Z^XO@C_R1CX1?]DP\`_^HII-?#W_``1]Q_P[T^"6/^AG_:%_
M/_AICXQ9_6@?1^J_*1^F%%%%`@HHHH`_/+_@DC_RBX_X)X_]F9?LX_\`JJ?"
M]?Y6'_!7'/\`P]+_`."B)(_YO+_:&R/8_$K7SWV^W49]J_U5/^"3'_*+_P#X
M)[_]F;_LZ_\`JJ_#%?Y5G_!7'C_@J9_P43_[/,_:&/.1_P`U+\0$GGMSV_6E
MU7H_SB!^>.>OX9`]A]!Z'&>N<CK28[<<#\.G`/)/?I_+N'!P<8Y'4\<GKPV!
MUSDT$#CD\9//.<?U_E[<46_'5_A_D`R7_52\'_5R<].J]./IUZCUZ5_LR?\`
M!);_`)1>_P#!/;_LS;]G3_U5?ABO\9R09B=1R2C*!G!)*E0#DX/(/(X_2O\`
M2Z_X)Y_\'"/_``24^!?["/['?P9^*/[4$_AGXD?"K]FSX-?#SQWX=_X4[\<-
M6.B^+/!_@'0]#UW3O[4T3X=:CH^H1VNIV-Q`MWINH7MK*(]\,SI(KE@?U95!
M%;00%C#!%#N(SY4:)N`'&[`&<$D^N/7H?PB_XB9?^"*O_1X;?^&+_:*_^=17
M!>+/^#I;_@C9X=M;F?2_CS\0?'4]OYFS3O"7P$^,$=S=F,*0+6X\6^$_"FDM
MYI8K&TVIPJ"C>:8OEW@[?U_P]C^B&OQO_P""TO\`P53^'_\`P2[_`&4?$OBV
M+6-)U']I3XG:7K'A3]F[X;RSV\^HZEXPN+4VLWQ`UC2L2S?\(%\-?M<.O^(+
MJ>"*QU:_BTCP>EY:ZCXEM9X_Y[/VOO\`@\ET`:-J'A[]A3]E_7[K7KN"X@L_
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M_A^%+>W_``?+Y?+JNNZ$`(/'?'Z9]>>N/7YOQQ7]0G_!HM_RE=U[_LT[XM=>
M/^9O^&5?R]#//Y^I!Y!`)^7@_P"!K^H3_@T5S_P]=U[/_1IWQ;SZ_P#(W_#+
M'<]O<]J:_/\`K^K`?UD?\'2__*&;]H'_`+'SX"_^K@\)5_E9\^F2>_R]^0>.
MNWCTS7^J9_P=+_\`*&;]H'_L?/@+_P"K@\)5_E9\=<8Q@]#[$]L<;>?P[DT`
M*2?3ZXSQG(SQC./0>W2D''&.,\>P_/I^O/04ZFG\.O7OP2!C/3K\V10`I'MS
MC''!]\9_/J1GWXHZ#V'TQR.>.3@]NGW?R/\`'GISVY[?YQBD(/;/8GG'08[8
MZ_D*`%/<8]^<D=\XZ]OX>._8\(1Z=201P3R",?X?F?6CL1Z\@$_H1Z`C_/<X
MXR>23SZ<'.,CH,#T_(XI;[/OYO77KMZ>G30`.0#SP.GICDX'(QW]*_N0_P"#
M3+_@J;XCM=>B_P""5WQ(T#Q%XFT/5IOB#\3_`-GCQSI\E]JEO\/H;+2KKQC\
M0OAUXHMKJ]-IHG@74+NRU3Q5X1U#2K:U%EXY\1ZYI6IQ:DWC#3+C0_X;F8!2
MQQM4,QY)X&02`!SQ_GO7^G3_`,&PG_!+N]_8I_9+O?VFOB]X<LK']HG]L#2/
M"WBFSAN#H^IZG\/_`-GXZ?#X@^'/A..\BT[^T?#VL^.)-6;QUX^T.WUZ\M[E
M8?AQIGB+2],\5^"+VRM3Y_TO2W;T\@/Z@J*_SD/^"EG_``=(?MCK^VM\0],_
MX)\?&#P[X7_91^'IM?`/A&+7/@_\//%'_"U]=T'SAXN^*%[J'B_0M;\66&F:
MSX@GOM+\&V>FZYX>LKGP+H_AO6-6\,Z5XGU;6XJ^+?BS_P`'3/\`P5]^*&@6
M?A[1_BG\*/@U&O@Z+PEK6K?"3X/:%9^(/$ET;>ZM=0\:76M^/;SX@77AWQGJ
MT5QOFN_`7_"'Z)I%S#;W?AG0M#NXO/9]K^5[:^N]KV^0.]G:S=M+NROV;L[:
MZ-V?DF?WR_\`!5#_`(*X_LV?\$K_`(17'BWXEZGIGC?XV:_ID-]\(/V;M,U^
M?1O&_P`4!_;UAHNHWAU2R\.^++?P1X5TFVN-4U2Y\7^*=,AT>].@:GHNA?VO
MXD6'29?E+]BW_@X7_P""8?\`P4.TQOA+XP\26WP.\=^-/#$/A_Q/\&/VH+/P
MQIO@WQBWB'0-0B\8^$-#\975]J7P]\;^&RL6H:'Y/BD^$]2\86.HZ;;1>#_M
M6IW.BVO^6E\1?B3\0?B]XTU[XC?%;QSXL^(_C_Q5?W.I>(O&?CC7]2\3>)=;
MO[VXGO+FXO\`5M7N+F\GDEN)YYR#)M#LY"`$YXH@9#'/R@$$;MRL.=R!<$."
M,JR9=?F\O[QR[Q[77>]GO=-;I;=5+=Z[-1:INIJ+TLN7FBE:TD]8RE=MZIPV
MC[NDE/\`U"_V@/\`@U:_X)A?%SXM_#3XH?#WPQXO^`^C^'/&_A76?BK\'?!O
MB/Q!JGPH^,W@S1]4O=1\3>$KFQU/7HO&WPXUGQE`^G:#/XJ^'?C;1=/T70;.
MZDTSP>/$FI?\)-;_`-%/@'X>^`?A3X.T+X>?"[P/X1^&O@#PM;R6/AGP-X!\
M,Z+X-\(>';&6YGNY;30O#7AVRTW1=)M9+RZN;I[?3K.WB:>XN)G5I9I6?^;7
M_@TX^(?Q>^*/_!-7Q9XB^+7QH^)7Q67P[^T9XI^&7@#2?B%XGF\66WPX\`>`
M_AI\*(-#\(^$M0U:*Z\2:;H%NNIR+:>&IM=NO#&B6=M8Q^%]$T)I]:FUC^H&
MA[WO=[WUZZO?6]]'YK1M:E+162Y4M$K1T2VMRMI)I)Q5TU%JZB[I%>7?&+X-
M_#']H+X8>-_@O\:O`_A[XD_"WXC:#<^&_&?@OQ-9_;-(UO2KEHY0CJCPW%I?
MV5S#;ZGHVM:9-9ZQH>M6=AK6BWVG:MI]E>6WJ-%(9_&=\+O^#-_]EO2_C7\3
MO$GQ@_:3^+?C#X#3^)]2F^#'PG\$6.B>#?%VE^&;M=&O],MOBA\3-2M/$R^(
M;C1I)_$WA::Q\)^$_#$FMVECX>\9GQ)H]QJ&I>!]._IF_9Z^&/[$?[#.F>!/
MV,/V?;;X+?`:ZU]?$'C/P-\"M.\9:1;?$7QY(8+V\\3>,X-%\2:_??$?XCW<
M.G^';M=6\6:A)X@O;31/#45A<:C!I/AZWMK#\C/^#G7]K[]I_P#8H_8(\`_$
M[]E?XS^(O@WXL\?_`+0VC?`?Q?J?A_1_!=_?WO@;Q_\`";XO:_J=SHVL^(/#
M&M>(?!OB_2M0\!:9_P`(WXN\$ZSX<UK0UU'5;NVN?[8AT+4]$_S)K3XZ_&FR
M^,.G_M%0?%GXB7/QYTOQK;_$BS^,=_XOUW5_B0/'=MJO]MIXNN?%VIWMWKE]
MK;ZJSW]U>75Y/->SRS//YK7$N\:\UWVVU^7:_7=:Z6!/5W323M?371.ZL]DW
M:TK.Z>EK2?\`N+T5_%=_P3P_X.[/@?XE\&^$?AU_P48\#>*?AI\3=-MM"T+5
MOV@OAAX>'B[X6^-9#<WUOJ7C?QAX`T9;?Q?\-;RWT\:-=:MI?@G2/B-IFN:K
M-XBU+0M+\(Z<-(\)I^TI_P"#B?\`X(QC3X-2'[='@=H+F1(HX1\._C>VHI)(
M\4:^?I"?#%M5MH]\\9:2YLXHT42N\@CAF:(Z7TWMNK].F_73OK;9BOJUKHDW
MH[6;:6MK-Z:I.ZTNE=7_`&LK_-F_X.W/V[/"W[0?[7_PQ_9'^'E]I>L^'/V-
MM(\5GQ]KVG36EZ+SXT_%*+PQ<>)O"D>HZ=K&HV5Q;_#SPWX;\+Z1J-JUGI>L
MZ)XYU+QUX=UVWEDTFS%O_;K_`,%>/%G[3/@'_@FM^V%XZ_8^U670_C_X,^$U
MWXJ\+Z[:OIB:KHGA;P_K6C:O\6M9T"36)8[:/Q1I7P?M/'=_X5EMR^KIXBMM
M+?P_!<:ZNF02?XX-]?WVJWE[JNI7MUJ.HZI>3ZEJ.IW\\UY?ZC?7T[W%Y?7U
MQ.S3W%U=2RO//<S2/))+(\LHPK9!_P!?D5P,XYY&?<C(/'3&<^W'3IU#VY]\
MD?CUX`(YH&/QR>._!QGDY/?\.!1U!P>N,$G\.F.#G]>U']?U_7J`8[=L@C'.
M><]CC`'^([4$]1R?;!Y_$>O_`.O/2C@?@`,XS[]!SQ[X]NM+^O8YXY_+OG^6
M*/G_`,$!%+AD<%XI(I%DB=&V2(Z?<E1EPT3H^'1D8.I"-N!W*/\`19_X-#?V
MI?VE?C]\$?VM_`OQT^-'CWXN>#O@?XE^!.B_"&R\?ZTWBG4/`FE:]X8\>6FL
M:!HOB35DNO%1\-?8?"'A*#2?#%]K%YX=\-KIDK>&[#39]6UV74?\Z89&/R]!
MGMZ<'IPOI[5_HK?\&:/@O3K#]B3]JKXBQ:=XBAU7Q9^U2G@^\U.ZNM$?PG?:
M7X"^%?@C5]-M=$LH)G\2P^(+"]^(6M2^*+O5+6'0[S3]2\)6OAVYN;_3?%$5
MJ=]M//T_'797TU"ZV=]=+V;MUN[+165KNRNTKW:3_++_`(.+O^"N7_!1#X2?
M\%$?V@/V/?@G^U7\0_@Y\#OAQ;_!35M&T/X3+X?^'?C&SUCQ5\#O!GB_6%E^
M*_A32-,^*MQ87FH^,-0U!]'G\9'2C+<63BR_XE6E&U_CZN)YKJ>6ZNIYKBZN
MKB2YNKFZDDN;FYN)I#)//<7$SM-//*[,[S2R.[N=[EL5^L/_``77\;3_`!`_
MX*]_M[:[=)MDTWXX7O@4#^T-?U)6@^&N@:'\/[5OM'B36M=U&,M:^&XF;3;:
M[MO#^DL3IGA32/#_`(9M-*T+3/R:[>G(_G@=/7'TY]*5K:+;ITTV[O71?YNP
M)MI723LKI.Z3LKV;2OZV5][+8.>Y[G//7J>XST^G'-!`)Z<CGV(.<@'U!Z9Y
M^G6@C]3@<9QP!T[#]/UI?S'7OU''KSP??G@TP`C_`#G\3SUXZ]N@QBJ]UCR'
MZ?PGCG^-1GV.:GP"!UXX&>X/'_ZN.<]N\-QGR)`4W'`.!D<D@[C@?P'YB#SA
M?FI7_K^O5`?[D/P1_P"2,?"+_LF'@'_U%-)KX=_X(^?\H]/@E_V,_P"T-_ZT
MS\8Z^XO@C_R1CX1?]DP\`_\`J*:37P[_`,$??^4>GP2[?\5/^T-_ZTQ\8OY]
M:8^C]5^4C],:***!!1110!^>_P#P27_Y1??\$]_^S-_V=?\`U5?ABO\`*L_X
M*X_\I3/^"B7_`&>9^T-^/_%RM?\`\>_>O]5+_@DOQ_P2^_X)[#T_8V_9T_\`
M55^&*_RK/^"N1_XVF?\`!1'D'_C,S]H8'(QS_P`++U_'!R1TR.O`_&EU7H_S
MB!^>/)..<=?K]3VSW&/;I1GH<YZ'TQP3\W8YQZ<9H[\\#)Q^(Z<D$'.>O/7G
MKE<GKZ9[].?;/?K_`'>:?X_U_70`Z=>/0>W;\"!FCV'Y?G@=#_G\J.O7M_\`
MK&#Z`D]NM(>V><'J#QQGCCKC`_SFE;[_`.OP\OU`4^W'7G'?],DYXZY_"CD>
MA]\]<\D]^Y)X]>/<)QCUXZ\\\]ATX!_IQ2=<9Z\>G^/.<$_AZBG_`%_D``YX
M'N1GC&#C&,`8_'-'!SGVX.3C&<9Y(]_Y]:4?IU.>H)P<<=N3ZTIZC!['MW^N
M./U_'%+_`('?^OZU`;CU.1ZXR<'G/I^F,`9/%+_AC/U/Y9R.XI"/IR1G/I@>
M_KT]S1QG'.3^/?`]0,GVQZ^E,`/4'([]#@XY'OT&[NM?U!_\&BO_`"E=U_O_
M`,8G?%KD]_\`BK_AD#UR1R,5_+[^7!XZ'GT(XQCVYK^H+_@T5X_X*O:Z/^K3
M/BUGZ_\`"7_#'_\`7^-"_K^EH!_63_P=,<?\$9OV@?\`L?/@+^OQ@\)"O\K/
MDY'`/Y\<X_\`U?\`ZJ_U3/\`@Z7_`.4,W[0/_8^?`7_U<'A*O\K3KCMUSGL>
MF>G..?YB@`'?)R3SU[^O.>.GY<=:"<?G^7&3CD=L\\]30#P>,$<D?GCZ\4F!
MD'')[GCI_LGJ./PZ^]``,8/''.<=^,\?4<TO<=P>H'OT]>N#V`]>:,^HZG'0
M_P"<'^?>DSQSQZ9()`'0D=?_`*]']?U<`]1GMCIGDXSQWQP?Q(I>.H)_Q!SC
MCDCO[?E2=P<XR,<GN<8P#D9KKOA_X`\:?%;Q[X-^&/PX\.ZKXP\??$+Q+H?@
MSP5X6T.TFU#5M?\`$_B+4(M+T;2K&RM8WGGGO+RYAB55#``E]J!=Y7KTZNW3
MKO\`=V`_=;_@W<_X)5#_`(*/_MA#QC\3]"74OV5/V8;OP]XT^-4$VK1:7)XW
M\5:O%KEU\*?A;8P)!<7^IV/B#6_#UUK'CM[2WM+>T\"^'M3TFX\0Z#K_`(F\
M)RWO];G_``=`?\%0;O\`8P_9)M/V7/A'XBTVV_:#_;%T;Q7X4U;RTTC4]5\`
M_LZ3Z9=^'/B-XIDL9=4&H^'=8\=W&JKX"\`:[=Z!=6MU!;_$K4/#NJ:9XN\#
MV=_:_H!^Q7^SG\"O^"%'_!+B]TWXE>*M&CT7X+^$?%OQU_:4^(VE2O:0_$#X
MI:EIUFWB%O"EKXHU33DO]5U,:7X6^%/PPT4'P_=^+I=+\'Z>NDV7B/7)K:3_
M`"T_VY_VQOBE^WY^U1\6_P!JSXO2VL7BOXG:Y"^G:'IUO';:/X,\%:'9VVA>
M"?!.C6\1XLO#7AC3]/TY[R=Y=1UC4([O7-:N;_6=0U"^N7\[V=M+ZWMJNJ6B
MO>SM:Z:6B3U3Y'%N*NWRW5M5&33=W>4K<MXJTM;M.7R4%55`7A5``'&"`OOD
MGCC=GZT'D<9]BO0G)SQG\<_K2CJ,<C&/IQ]/4<@\_2CJ.>O)QZ^_0D?AS^>*
M7]?E?^GKOZC%R<X[8/7V]3GZ=%H)^OKCCMGG^N?Z\$YSQV!XP..>I([$_B?P
MX#SCGKSUR#]?4<__`*J-%IIT_2U_/:W78#^Z'_@SB_;2T'3)/VD?V!_&/B.'
M3=6\1ZS:?M&_!+1;UM$L[?6]1AT:Q\'_`!HTK3+VYN;/7]7\0+I&A_#OQ'8>
M&[&#5;:/P[H/C+Q#%'I$=CJL^I?WD5_AW_`CX\_%[]F'XQ?#_P"/WP&\=ZW\
M-?BY\,M?@\0>"_&6@21B\TR]$%S97ME>6-U'<Z9K?AW7M+N[[P_XK\,ZU9:C
MX>\5^&M4U3P[XDT[4M#U.^LY_P#1`_X)S_\`!UK^QI\:_`OAKP3^W%>:K^RW
M\<="\-Z3IWB#QWJFFZAXO^#'Q0UW3=*T#3]5\3:/K'@CPV-2^'NK>*]<?Q!K
MY\$>(_"</A?PKH]M#86OQ&UZ]E@MB_NOV_-K3I\MU\C5NUF]-].EDEO=MWTL
MFK)WMI?^M"BO@_5?^"H'_!-S1M#U+Q'>?M]_L:S:1I.FW>L74ND_M+?![7KR
M:ST^VENI_P"R])T+Q?J6JZU>20Q,MEINCV5]J>I7`CM+&RN;J:&%_P"?O_@I
MA_P=<?LJ?"+X>^(O`7_!/C4[C]H[X^Z[I26FC_%*X\*:QH7P,^%TM\^J6E[J
MUY+XRL]#\0_$'QCH*V^G:AHGAW1_#%QX!OUU>UOM6\:W+Z-J7@_4BSM>VE[7
MZ:6OKW2:T\UW"ZO:]G9-KJD[V;2Z.SL^MG;8_.S_`(/'?VPM+\4_%#]FG]AK
MPIKZ7P^%FF:G\?OB_IFC^+$O=.LO&'C6VG\,?"_0/%?ABQ8Q:1XS\.>#K;Q/
MXIT[^W6_M=?!_P`5M,U&PL[/1_$"7FM_Q.8XQP`"23C'7N"/3IS^F>>N^(GQ
M`\<_%GQWXQ^)_P`2O%.L>-OB'\0?$6J>+?&GB_Q#>S:CK?B+Q%K5Y)?ZKJFI
M7<Q:2:>YN)I'*@JJ)B&$1HJ%>2(X&"!CV/'&.!G'4X'_`.JCM\KVO;UZO==[
M:OT#;JWJ]7:^K;2TLM-EULM6W=LSWZGITP?7DGV(Z_\`UJ:5#`A@<$%3V`!&
M#CIV[C\*7.01C@_CD=#]WTSC\L]*#VP>_N1SGKSW/>@#_4F_X-J/VZM,_;K_
M`.":^F_!'XFOIOB?XG_LEV6G?LY_$C1M:LK34+7Q;\(+C0[FU^"VO:SI)T&S
MT2;3-6^'^G:A\,M2LKVYU_5=>U#X9^(/$OB>Z>;Q0L;_`,$/_!9O]AV\_P""
M?G_!1/\`:!^!VG>&1X9^%6M>)+WXL?L_VML=>N-(?X*?$?4]2UGPCI.CZKXC
M1M4UJ'P%<+J?PTU349+W5"WB#P=K%O/J^IW%O)>S?07_``;N?MR67[#?_!3#
MX2:CXT\4/X9^"_[023_L]_%R]F?1(M'LX/&\MNGPX\2Z]J'B&\T_3M`T'PK\
M4[;PCJ?B?Q2=4L[O0/!K^)YO-O;.2]T?4?ZVO^#L[]@O2OCS^Q'H_P"V9X5L
M-.M_BK^QSJ]F_B2Z$-O#J7B[X#_$77-(\->)-":>ST"[U76K_P`#>-+[PQXV
M\.V^J:_I'AWPYX:N/BS?117>M:Y:6\I?2VMK[>;LF[>=E=^6NP65V[*[23=M
M79NR;WLKMKLV[+4_S7/?GUX'7(X)Z$CIW^F329SD`9YYZ\8/'0\9/\73VS1U
MSZ<@@]^.N1ST_P#U4N<=.O&.,X'3H,''^?:E\^O;TT^[\[H`['/3U/0Y_P`_
M3L*,$\?Y/MCG@_G2^N/P'8?_`%OUI,#GOR??OTZ`G'(Q[D<BF`'D@YSU],GK
MW]LFO],O_@T'TLZ=_P`$K?&5UY)B&L_M@_&#4T?!`F2'P#\'M%$J@KC:K:0]
MN-F\9AZD[E'^9IQS^N/\]:_U9O\`@V%\&>'_``K_`,$7/V6-8TC2SINJ?$/7
M?CYXV\7SFZO;DZSX@C^/WQ+\$V6J%+FZN(++_BD/!GA735M;"&UMF73?M<MO
M)JEWJ5W<G](/ZVO_`%_2/\Y__@K3J0U;_@J1_P`%$[D$D1?MI_M'Z8<ESDZ-
M\4_$NCMR^6`!L3M`)&T`*2FTU^?(P"2.G3)//'KVZ8_6O;OVF_'VL_%?]I;]
MHGXI^([\ZKXA^)GQV^+OC_7M3:UL+-M0UGQ?X^U_7=4OS::5;6>FVAO;V]N+
MHVVFVEI86YE\BTMH;>.*)?$>O!P,'CTP>`<>XXQWH]`$!R><\9[$=@/U^]CG
MMZ<F.O``QW[X]>#USGD]OJ*,]>>@![>_(/?/T[=.:.F>V>XX[#)Z''X__7H`
M,9YY'OUR.Y^4CJ`/3T],073#R)!S_!VQ_&I[\]O2K``'X`#/MS4%S@0R!L[0
M``1UW;AM]1MSMSR!][;S1_7]?UZ`?[D/P1_Y(Q\(O^R8>`?_`%%-)KX=_P""
M/G_*/3X)?]C/^T-_ZTS\8Z^XO@C_`,D8^$7_`&3#P#_ZBFDU\._\$?/^4>GP
M2_[&?]H;_P!:9^,=`^C]5^4C],:***!!1110!^>__!)?_E%]_P`$]_\`LS?]
MG7_U5?ABOYOOVP/^#2;7_P!J;]JS]HS]I6W_`&[=,\#P?'OXT?$+XM1^#Y?V
M=[G7Y/#"^._$NH>(_P"PY-='QETI=7;3?MYM/[172M-2[\H2?8K<L8A_2#_P
M27_Y1??\$]NG_)FW[.O3I_R2OPQT]J_'7]H+_@Z]_8=_9T^//QM_9\\6_`']
MJ[6?%?P*^+OQ(^#?B?6/#^@_!^30-5\1?#'QCK/@G6M1T.74/B]IVH3:+>:G
MHEU<Z9+?Z=87TMC+;R75G9W#/!&=?O\`T^?]:]`/R\/_``95>)?XO^"B^CXY
MZ_LP76>YZGXZ=AD_04O_`!!5>)NW_!1;1_\`Q%^Z/)ZG_DNGO7W/_P`1D?\`
MP3]X_P",;?VQN?\`J7_@K_\`/GY_#-'_`!&2?\$_>?\`C&W]L;CK_P`2#X*>
MN/\`HM%`'PI_Q!4>(_\`I(OIO?\`YMDU#';_`*KMGGZ=NM2?\05/B7K_`,/%
MM(S_`-FPW7KG_HN?KS7W0/\`@\C_`."?AZ?LV_MC_P#A/_!/_P"?51_Q&1_\
M$_/^C;?VQ_\`PG_@IGOV_P"%T>@_/CU(+KO_`$]@/AC_`(@J_$W_`$D6TC_Q
M&"Y_^?G2#_@RJ\2_])%M)ZGK^S!=?3K_`,+T.<]>V/3-?<X_X/)/^"?A./\`
MAFW]L;'K_P`(_P#!3_Y]'_ZJ/^(R3_@GW_T;=^V-^/A_X*?T^-!H`^&!_P`&
M57B7G_C8MI'K_P`FOW7)_P##Z<=/?_$/_!E5XE/7_@HMI'7C_C&"Z_`_\ES'
M^>]?<W_$9)_P3\_Z-M_;&_\`"?\`@I_\^BE_XC)/^"?O'_&-O[8W)P/^)!\%
M.O\`X>CWH`^&/^(*KQ-V_P""BVCC';_AE^Z_^?H`?\]\T'_@RK\3<#_AXOH_
MMG]E^ZSD<C_FNG/`SV_*ON?_`(C)/^"?G_1MO[8_7_H7_@IT_P##T]?;]:/^
M(R3_`()^?]&V_MC_`/A/_!3U_P"RT^GZ\>]`'PP?^#*OQ+U/_!1?1P!D_P#)
MK]UQQ_V70?C[5^I7_!(#_@W.UK_@EC^UE?\`[3M_^UMI_P`;8KWX2^+_`(8'
MP9;_``6N/`$B-XIUCPMJJ:T-<?XF^+4D6Q_X1MX6T\:2AN?MQD%U"(1'-XW_
M`,1DG_!/S_HVW]L;W_XI_P""G_SZ.?TI?^(R3_@GY_T;;^V-V_YE_P""GX_\
MUH[=/>@#]TO^"JG[!ES_`,%*/V+OB#^R19_$^'X0S>.O$/@#7!X[N?"3^-X]
M,7P1XPT?Q6UJ?#T?B#PNUX=332_L"S?VU;BU,WVH)<&$0O\`RB-_P94>)6Z_
M\%%]*`'9?V8KQ<YZYV?'5<]!C.<')Q7W2?\`@\D_X)^=OV;?VQ_Q\/\`P4'_
M`+VDT?\`$9)_P3]Y_P",;?VQN/\`J`?!3UQ_T6B@#X8_X@J_$W_21;1^_P#S
M:_=?A_S7/\Z:?^#*KQ+NW?\`#Q;2!QM/_&,-WM``)X'_``O,*.N-_4?=SVK[
MI_XC)/\`@GW_`-&W?MC_`/A/_!/_`.?32_\`$9'_`,$_,$_\,V_MC<8S_P`2
M#X*=^F/^+T?GG%%[?U\OU`^%S_P95^)<'/\`P47T<#W_`&8+KICO_P`7T'\\
M4?\`$%7XG_Z2+:/C_LV"ZST]?^%Y^OMT]Z^Y_P#B,D_X)^<?\8W?MC>__%/_
M``4X_P#,T?Y]J4_\'D?_``3['_-MW[8__A/?!3T!_P"BT^]'E_6@'PO_`,05
MGB8]/^"B^C^H/_#+]UC!Z?\`-<\$_0]_IG]4_P#@D;_P;;>`O^"97[1U]^U'
MXW^.)_:8^*.@>&K[P]\&7C\&7?PDT#X8W'BG3-;\/?$#Q-=Z;#XG\?3>+_$.
MM^%-3'A;0I9[_2-)\/:/JOBU[K1]?U75M`U3PIXE_P`1DG_!/P]?V;?VQ\>V
M@?!3/_JZ!_.C_B,D_P""?G_1MO[8W_A/_!3_`.?10!^I'_!9/_@E_P#&'_@J
M]\'?AI\!?#_[3FE_LV?#/PKXUU#Q]\0-)3X9-\4IOB9K]EI]MI_@%)KMO$W@
M"_\`#^F>#HK[Q==3:=#=ZG8>([_7=*N[^U@NO"^F2G^<X_\`!E-XD[?\%&-,
M_']F2_\`P_YKN?\`Z_MGC[I_XC)/^"?G_1MO[8W_`(3_`,%/_GT4[_B,C_X)
M^_\`1MG[9'_A/?!3\?\`FM'_`.OVI;;O7_AE_7J!\,?\05?B;_I(MI'_`(C!
M<_\`S\Z0?\&57B;.3_P47TC\/V7[KV_ZKI[=.*^Y_P#B,D_X)]X_Y-N_;&^G
M_"/_``5]/^RT>O'Z^U)_Q&2?\$_/^C;?VQO?_BG_`(*?_/H_PI@?#/\`Q!5^
M)O\`I(MH^1S_`,FOW7N!G_B^G^3FE'_!E7XFQS_P46T@''_1K]R1GT/_`!?3
M^1-?<O\`Q&2?\$_/^C;?VQO_``G_`(*?_/HI?^(R3_@GYG_DVW]L?'_8O_!3
M/Y?\+I_K0!\,?\05?B;_`*2+Z/\`^(OW7X_\UT]?R]Z9_P`04WB/_I(OIG_B
M,M__`//VK[J_XC(?^"???]F[]L?CH?[`^"Q['G_DM'I^/)[<T'_@\D_X)^=O
MV;?VQNF>=`^"8_\`>TGGVZT`?"O_`!!2^(?^DB6AG_NURX'_`+W,U)_Q!5^)
MO^DBVD?^(P7/_P`_.ON?_B,C_P""?G/_`!C;^V-P<'_BG_@IZXX_XO1S^.*:
M/^#R/_@GYV_9M_;&Y('.@_!0\X`[_&DG'OWZ]2:+W_KY_J!\*G_@RG\2[<?\
M/%]*/.?^38[X$D<?>_X7L6`QVSC(!J3_`(@J_$W_`$D6TC/_`&;!=8_+_A>G
MZ_\`ZJ^Y_P#B,C_X)^<?\8W?MC=_^8!\%,<<GD?&C^F#1_Q&2?\`!/S_`*-M
M_;'_`/"?^"GO_P!5I^GZ^G(!\+_\057B8CC_`(*+Z.<_]6OW6#QQS_PO3O1_
MQ!5>)N#_`,/%M'S_`-FOW7_S]*^Y_P#B,D_X)^?]&V_MC?\`@@^"G_SZ*7_B
M,D_X)]_]&V_MC^W_`!3_`,$__GT\?K0!\,?\05?B<$,O_!1C2E92K*R_LP7:
MLKH=RNC)\=`R,I`964A@P5@=U?V8?#[X(>+9?V5O#W[-O[2WB?1OVC[ZY^#!
M^"WQD\<WEOXD\&'XS:3>>%I_!/B36=?TN77/%^N:?K/C7P]-)+XKOH/&,UQ>
M:]?ZKJNGS:7#<6MG9_S:_P#$9)_P3\_Z-M_;&_\`!!\%/_GT4H_X/)/^"?G?
M]F[]L8?]R_\`!3_Y]%'_``_W`?$>H_\`!E=JKZA?R:3_`,%#;*RTB2^NWTJR
MO/V:9[^]M-,:XD:PM;R\C^-EG'>W=M9^5%<W45G:)<S1R316UN)A#'5_X@J_
M$O\`TD6TC_Q&"ZS^?_"\Z^YO^(R/_@GYQ_QC;^V/R>/^*?\`@IZX_P"BT=?;
M]:/^(R3_`()^=OV;?VQO_"?^"GX?\UH/)_R:`/A;_B"I\2G;G_@HMI7R8"X_
M9BO.@V_>Q\=?FZ#[V[WS\U._X@JO$_\`TD7T?_Q%^Z_^?I7W1_Q&1_\`!/W_
M`*-M_;&_\$'P3ZYQ_P!%IZ>_K^=-_P"(R3_@GY_T;;^V-_X(/@I_\^BC3ITT
M]/(#X9_X@J_$Q''_``46T?GI_P`8P76/S'QS]/3O7]<7_!./]CW5/^"?_P"Q
M7\#/V0!XQTOXGCX,Z1XJTP^/H]*NO!2^))_%'Q`\4^/)[H^&&N/%1T@02>*9
MK/8=?U/SVM5N6>(W(AA_`/\`XC)/^"?G?]F[]L?Z#P_\$R/K_P`EH!_S^2_\
M1DG_``3\Y_XQM_;']O\`BG_@I^O_`!>GC]:`_K^OZ_0^*=9_X,O?$^LZUJ^L
M-_P40TJ!M6U74-5:`_LR7<ODOJ%[/=/$TK_'16F\LW#@2,H+E=X4'`&<?^#*
MKQ-W_P""BVCG';_AE^YS^&?CICD_Y[U]S_\`$9'_`,$_?^C;/VQ__"?^"G_S
MZ*3_`(C)/^"?F.?V;?VQB>/^9?\`@IC([_\`):>.>1UQZT:=/Z_I6`^&1_P9
M5^)L`?\`#Q?2.W_-L%T.G_=<P11_Q!5>)L8_X>+:1_XC!=?_`#],_K^-?<W_
M`!&2?\$_/^C;?VQO_!!\%/\`Y]%+_P`1D?\`P3\P#_PS;^V,??\`L#X*<=LG
M'QG[Y]/I0!\,_P#$%7XF_P"DBVD'Z_LP773W_P"+YG/^?K4<G_!E3XFD1D/_
M``46T?!ZC_AF"ZP"#D'"_'52<$`X!7*X'M7W5_Q&1_\`!/SG_C&[]L;C//\`
M8'P3Y]`/^+T=\?I2?\1DG_!/S_HVW]L;_P`)_P""G_SZ*`/ZP?`WAL^#O!7@
M_P`(/=_V@WA7PQX?\.-?K`+9+U]#TFSTPW:VQEG,`N#:><(?-F,/F;#*Q0O7
MY]_\$??^4>OP2[_\5/\`M#<^O_&3/QCK]'M(U)-7TO2]4BC:*/4]/LM02)SN
M>);VWBN1$Y4;2T:R;78'&X'`/2OSB_X(^X_X=Z?!+'_0S_M"_G_PTQ\8L_K1
MY?\`#CO=-ONORD?IA1110(****`/SW_X)+_\HOO^">__`&9O^SK_`.JK\,5_
ME&_\%2,_\/-O^"BV<C_C.W]KK..>?^&@/B%C'3\/S]J_U<?^"2W_`"B]_P""
M>W_9FW[.G_JJ_#%?Y1W_``5)X_X*:_\`!1<\C_C.W]KO'_B0'Q!S_3^5`'PH
M>@[9&/KCI[\YQ3<G`'3'?GW(SC].*/KGC'X`_P">*<.,^V3ZD8(YX4GM]#_-
M;:*SU_5?DK6^0"#`Y],^G7DCD=>GMBDQR!Z@8[?3IF@^N<^O7\.??M_G"D#V
M!]!ZD]/8CTH[7]++\]>E^MNJOHK@(./7@C(YYP?Z>]&#QZ=?\3@<XXH_7IQ^
M7I_]8^O-+T'N.0!GKW)SQQ@CC\>E&W_#?+I_P?NV`Z]@!R>,9`_3CT_KBCMU
M&>0>OT'/(Z<#IQ^8..WZX^O7./;!]Q2'OW]#TZ>G;IV^E';I^?H[W^>S`.,^
MH_+^5'7''3^IZ$Y^M';'Y>WKW]AU'Y=SKG_..>WIS1_7_!_'R^X!<^YZ?S&?
MU/Z4=NG&3W[GIV[`4GY?X]N/7_\`6:.W/Y<Y!R,]L=!1HOOZ>;2;:TOZO;<`
M]^>O?H?3)XY]?Z4HZ'_ZX/L>./S[]Z3'Y=>/3..,\_G^-&3^)//OZ<=^<]J'
MK]Z_!I_D`'T_KG'X],'/^>X>O7&>?TR/3GGCWH_GU_3.<YZ_YZTH`[Y'3';.
M?KQCWH[==/SMKOMWW]>X)VS^'/?.[G^E+P>2?7`_#]`#]VCZ`\^_<<Y/3IGZ
M=\TW_/K_`(4>>W;TTNOO7^0#NIQT.3UXZ\\CU/\`@*3/&#_^KIT';Z]#]:4<
MYSCD`8[],`C/Y]?RXI/RY^O'^?Q]J%YI:6VZ/3OZ_P!;`*.>N.OKCK[>@[XQ
MUI..W'3'U^O&/?Z^U`R#^O7CVSR._KTHX)]/_P!7N>_UH]?E\K/;O?\`X%GN
M!Z#KSZ_R[<TN/;L<]>#D\_ACO2<\<?3CK^G/ZT?3'I_]?GU_#'M3`7C/K[_C
MV`Y/![M[4G/K[GG_`#S^9H_7/'OUZ\\>N>?6C)]3GZ_7^A_G2_'U?I_735;=
M0%_7KVQQT!]_Q[TG3V]?7O\`C]?U[4<G\<?IP.O_`.JC\_Q^G'?N!_AFA>?]
M?@D`8]>_^./0^_\`G@@'TX]Q_7K1[]>G;/;)ZYY__7Q1^O`Z<=OH>G0T?UU\
MOZ_1Z@+^?'MSQ[]L`=,GV]D[]O3M[#(SP<^_N>.M+]?Y\\9&.AQDG/I2#C\?
MKR.<CCU./_U4=_7R\OZUU_`!<#Z9Z#\L?G[X]>E(01U_S_7\Z3U_S_\`7QCO
MS[T[@>N?T((/3(_#^5&UM?POZ:^7GTW[@)WZ'CJ/IU[<?TH_7/XGK^>?YT>F
M.N?3'/'`QZ?UH[].O;Z_3%'KZ_=;^M@''KG.<=<#&/3'!'7_`#UI!UP">?P]
M>OKQ_.C'K@?7TXY&.I_SZX/7!XZ@'OV[\=/\^BNDM^UFUITMM9;]K?A<!.X'
M3D]?UR.G`'-'7\.2>,]L^F>>G?FE[<GKCG@^N>Y/X^V#2'CC_/U'U_(_EAI_
MA^-K7?3T\G]P!SU'`SP,_GCI[?I1U_+CIZ__`%S[_A1]3SG'/7GCOQ^9'\J/
MISGCW['IUZT+M_GY=>OZ_)@![XSC.3Z9_(8I<=<=<\8YXZ\$=2./_P!?0/KW
MZGGZ<\8QG-`XY!YQS],]LC'I^/3W731ZZ=6]=+7:].RO?I?4`YX.,>G'?.?Z
M\?EZTF<=/\]/3GJ./_KT?4^^.>XSQUY[<_F:4=.W([X')(]\D#'7USQUI]%U
MV\ETVZ==/P`.AXZC\<\CCH.YI.WXXZ?R/K[4N.YQST[8YZX]/Z4G/OS]><_S
MI):=]M[=+>O6_P`_O`_W0/!/_(F>$?\`L6-`_P#35:5^>O\`P1\_Y1Z?!+_L
M9_VAO_6F?C'7Z%>"?^1,\(_]BQH'_IJM*_/;_@C[_P`H]?@E_P!C-^T+_P"M
M,?&*J'T?JORD?IA1110(****`/SW_P""2_\`RB^_X)[_`/9F_P"SK_ZJOPQ7
M^49_P5)_Y2;?\%%_^S[?VNC_`.;`?$'_`!_QZ5_JW?\`!)'_`)1<?\$\?^S,
MOV<?_54>%Z_RDO\`@J3_`,I-?^"B_H/V[?VN_J2?V@/B#GUZ8_SFC^OZ_K0#
MX2Y]^_7V']!1],_X@?X8^GTQ2]O;(Z>XR0,YY'_ZZEM[>XNIX+6T@FN;FZEC
MM[:W@C>:XN)YY%BA@@AB#/+-+(52*)`SR.0JABP%*_\`6UMM[]==%^70(>,_
MCT[8^M!Z]NWJ>WOSC_//%?ZE_P#P20_X-[OV1/V,O@%X'\3_`+2'P3\"_'W]
MKWQQX,34?C!KOQB\/^&_B%X8^&VH^,=)TJ?6?@[\./!E[>^+?AS:Z7X%6.Z\
M*W_Q*LH=5\8_$&]N_&.IIXFTGP!XHT?X=>%_Z.*+?@K?E_D!_A+_`(_Y].U*
M.G_ULY[G.>.,#M]:_P!V>BF!_A,GZY]>O!&!GGOV_3TI._3OVR._0>G7\.*_
MW9Z_F3_X+1_\&\GP2_;D^%-OX^_9`\`?"C]GS]JWX<:<4T"T\*^%/#WP[^'W
MQN\-V-A;VEOX!\?1^&=-L+'3/$NG6=A9VOP\\>W%G.NEPV\?@[Q&%\+7>G:S
MX*$E\^FBV_#RT2];65S6ZVM9ZWUO=65K6LU>[;5FEHTVX_Y@G8=>OX?_`*^G
M^<5N^)/#'B3P;K5]X;\7^'==\*^(M.^S?VCH/B32;_1-:T_[9:P7UJ;W2]3M
M[:^MOM-C=6U[;&>WC\^TN(+B+=#-'(W]!/\`P;(_'#2_@!_P5N^&/@?XB:6E
MO:?&+0_'WP7@M-?\(ZIKM]X-^*ESH]]<>#]=TRRAN[6[\$>-!<Z;KWPMD\:3
M:+K4VA>$/B5X]\,:I:Z)X=\6>)/$NA?Z0?[47[!7[&_[:OA_5/#_`.U'^SE\
M+OC`NJZ1H^@R>)=?\.Q6'Q%TO1]`U35-:T:Q\+_%3P]+HWQ,\'PZ;J.M^();
M4>%/%FCR1Q>(O$EIN^Q>(M:AOW9<JNFVWO=<JM>\;6;;UBT[QLMXOFBR$VYM
M7BE'1QLW-\RBXRNW%*/\2-DIJ32M.+A.!_BJ]#V/^?8T[^0/7V/'3U_7\AC]
M4?\`@L9_P39U3_@EO^VIXL_9[L]<USQC\)_$.@Z3\4?@+XY\2Q:-%XC\2?"W
MQ/<ZE86]EXGC\/SMIG_"5>"O%&B>)_`>N7R:?X9/BF3PY;^/+/P;X2T3Q=H^
MAV7Y6Y/_`-?OW[]><U.O^?\`7Y:];ZEBCWX/!]O8Y!!`Y_STI/EXX/7D=>./
MI^'ZTI)_#I@?=S^?XY]?SK^TK_@V]_X()^%OCYHGAC_@H1^VOX.TGQ3\';J]
MU<?L[_`'Q9IND:[H'Q7.E7=QH=[\5OB?H=Z]_;7/P^T_6[;5]+\&^`M?T^WF
M\;ZKI4GB[6[-OAV/#:?$,6NK_!]TNV_D]?)]@_C2L/"_B75=%U[Q)IGA[7-2
M\.^%O[+/B?7]/TG4+S1O#9UR[DL-%_M[5+>WDL-'_MB_C>STO^TKBV_M"Z1[
M>T\V8,@P<8Z_X]N/;!S_`)[_`.U[\<?B-\'OV#?V3?C'\7+'PS\./AU\+O@'
M\./B%\2;7P=IO]D_"WP/=ZO#'K/BF+PY9-H'AW4+;1M6^(_CO4?[-A?1?"NO
MZYK?B_Q2DFG^'_$?B+5H].U'_)=_X)W?L0?$[_@JO^W1X5^`OA*:+PM!X^U_
MQ%\3/C%XW@M->U31_A;\*M.U-=7\>>*CYB^(=0ENS)J=CX.\!0>(]0%EKWQ$
M\4>"_#OB3Q5I%MK5WXBM'=65D]M=4[N[M;:RM96;=W=WL[))25VVFF_=LK-+
MEC=2?,^9\UW=**2:CRWBY2_.7//XY`'OC@$>U)SU.>N3QV/?GC_/'M_LR?L=
M_P#!+_\`88_81\*^&/#G[.G[/O@W0M4\*:QJGB;3OB-XIMY/'WQ73Q9XD\(Z
M=X&\6>)[3XC>,'UGQ+X=N_%?AK3ETW7-'\'WGAOPD+2[U.STKPUI>G:G>V4O
MZ!TO1WM;=;:*ZW;^]M[-]@5^MEJ]G?2^G1:M6;71Z7=KO_"7Z_Y]^_I1^7XX
M^O?Z?YSS_NT44QG^$SR/IWQ@_GUQ1CWYZ^GU'HI&.O\`]:O]Q3XK?!3X.?'?
MPW#X-^-_PE^&?QD\'V^H_P!L0>%/BKX$\+_$3PW#JW]EZKH8U2#0O%^DZOI<
M6I#1-=UO23>I:K<G2]8U73A+]DU"\BD_S_/^#C;_`((+?!K]B;X<Z)^VK^Q3
MX:USPE\%$\3>'?`?QH^#4=UXO\:Z5\-[_P`2_P!HP>'_`(K:3XM\3:KXAU?1
M_!>O>(TT?P1K6B^(=5FM-,\:>*O"-KX9G6QU\:+HJU_X9+RWN_Z6F]@_K\OZ
M^3/X[N_!_D.F,9.<$_X4VON__@EO_P`I-O\`@G1CK_PW;^R*3WZ_'_X>\Y!Y
M!_#J:_V>::_X?S`_PF..,9S_`/7XQWI?H>@XQGG/)^F._P!*_P!V:BE;^O\`
MA_N]&!_A,>WT^N<?_7/O2]LXX.?IGW'8@>_I[U_NS446_K77_/YW`_PF/7/7
M^N?_`-=)7^IE_P`%</\`@WN_9$_;2^`_CGQ1^SC\%O`WP"_:^\%>$&U#X1^(
MOA%X?\.^`/"_Q)U'PEI6J3Z-\(/B5X.L;OPK\.[K2_'2RVOA:R^)=W#I?C+X
M?7MIX/U-O$FK^`?"^K_#KQ/_`):MQ;W-G//:W<$UM=6TTEO<6UQ$\-Q;SP,R
M30S12*LL,L,BM')$ZJ\<BE7"E6%%_P`=M5MI>WIO_2`@.>/\^W]/TK<L/#'B
M75M%U_Q)I?A_7=1\.^%?[+/BC7K'2=0O-%\.?VY=O8:*=>U2WMWL-'_MB_CD
MLM+.HW%M_:%VCVUIYTR,E?T>_P#!NS_P1:\'_P#!3/XB^/\`XU?M(0>(E_92
M^`VN:%X>U'PQI?\`;^@#XZ_$76=.O=7G^']GX\T:YTVYT+1O!.C#0-=^(_\`
MPCVJ6OB^.R\9^"K#2;O2/^$A.O:9_7/_`,'!GP<^$?P/_P""%'[:_@_X,?"O
MX<?"'PC+>?LVW[^%OA=X(\,^`?#DE_;_`+3O[./AZ"_?0O"FF:1IC7<'A_0-
M"T*&Z:U,\6CZ)I&FJRV6GV5O;M6OJG:SV:6MM-T[J]FTEJDTG%ZI-2MHTG>+
MUBY+EYDY*RE&S<;J,KM1DU)QDDXO_+`Y]`,<]QC)`SUS^5-'KZ?3^1Z^];OA
MFQTO4_$>@:9KEUK=EHVH:UI5CJ][X:T*#Q1XDL]+N[ZWM]0N?#_AF[UOPS:>
M(M:M[22:72M"NO$F@6^KWRV^GS:UI4=P]]!_I_\`_!(C_@W>_93_`&*/A)X;
M\>_M(?#CPY^T/^U9\1OAQX;/Q3M/C-X5^'/Q`^'7P:U_5+;4=1\3>`O@_P"&
MYM*\2:5;MIMMK=OX$\6_$&[\1>*+[QX?"]WK/AJ7P1X5\6ZCX*$IZM:W2B]G
M:SNMV[-Z.ZO=:-K57+W=M;V3V=M;I6=K-Z:I.ZTNE=7_`,N48&/7/?\`NX[C
MGKGWHX]QV)SQ[]`>N/?\J_W9J*JW]?U_6_=C/\)CN??C)^H.3^7-'8_4?R:O
M]V>BDU^:?W6_R`_PF>N!Q_\`6'<G\^/;ITIN/\]OSZ5_7-_P=Y?MA>`?CI^U
MS\!/V;_ASXN\'^-K+]E'P+\0_P#A/KSPOYE_=>%OC#\5O$^BV/C'X=^(/$$.
MM7.E7FJ^%/#WPH\#7%]H%AHEE=^$M8UO6M+UW6M5UA[O0/!WQ-_P0:_X(FW_
M`/P52^)_BOQQ\9I_B'X$_8W^%4&K:1XL\?>`F\-66O>._BZ+/0+O0O@_X8U?
MQ&FKIHMQ::/XEMO'OC3Q'!X-\60Z;X=T_3?"<L/A_5_B+X=\5Z*?+T7]:?+R
MTOT#^?3]>.^.@'L>",?C[=TSD\X]/8?X`5_MU_`7]E[]G/\`9;\+0^#?V<_@
MA\+O@OX<CTC0M#N+/X=^"]"\,7>L:?X:;5)-%'B;5M.LHM8\5WME=:YK^HMJ
MWB6_U;5;O5?$'B#5[J\GU/6M4N[SWRG;\-`/\)CMWZ?AU_E_6EXSTP/;J<@8
M]L]#_GG_`'9J*5OU[_Y_UTL!_A,$=>@_X$./;U-*0.V<>_TSC/KVQBO]O/\`
M:/\`VA/A;^RA\"?BG^T9\:_$=IX6^&'P@\(:IXR\4ZG<7>FV]U<PV*+%I?AS
M0(]5U#3+/5O&'C#6KC3/"7@?PT+^*]\4^,-=T'PUI8EU35+.&;_$E\1ZW/XE
M\0:]XBNK>TL[K7]9U36[JTT\7"V5M/JM]/?36]D+VZO;L6<,LYCMUNKNZN1$
MJ":YFES*YMU_/R[W_/KU;N!C=#USD=?K^(_'/Y4>IYSCOZ@^IQR!C_/%';^+
MKD'`_$^OZ^_M0N._USTQ]/7M^.>.M'3K=6VWZ7MMIIJM+]@/]T#P5_R)OA+_
M`+%G0?\`TU6E?GI_P1\_Y1Z?!+_L9_VAO_6F?C'7Z%>"?^1,\(_]BQH'_IJM
M*_/;_@C[_P`H]/@EQC_BI_VA?_6F/C%S^/6F/H_5?E(_3"BBB@04444`?GE_
MP21_Y1<?\$\?^S,OV<?_`%5'A>O\I+_@J2?^-FO_``47_P"S[?VNN<]A^T!\
M0>/PXK_5R_X)+_\`*+[_`()[_P#9F_[.O_JJ_#%?Y1W_``5)/_&S3_@HMZ_\
M-V_M=_B/^&@/B#Q]>!Z<?A1Z`?"1_P#KCKD=#G[QQG/Z#UK]%O\`@D,T,?\`
MP5+_`.">C3VMG>QG]L/]G]!#?6MO>0I,_P`2O#\=O>1PW,4J)>:?.T=_IUVB
M+<6.H6UM>6DL%U!#.GYT?T/`ZCW_``_G7Z(_\$C,?\/2O^">?_9Y'[.^,]C_
M`,+0\-8Z8SZ?7FEY7[7;3UM:_P!_^?6XUNO5?F?[*U?S??\`!7?_`(.)/AI_
MP2X^,/ASX#:!^SQK'[2'Q'FTQ-6\=P2?%S0?A!H?@F&^TO2-:T;3XC+X0^)7
MC37=0U#2=<TK4QJS^`]$^'ES#?3Z-X8\?^)_&?A+XD^$_`G](-?Y:7_!U4!_
MP^`^*`';X/?`ON2<GP3;]223TZ9['Z4.^EG97UTNVG=63NK.[3OKHFK:W2LW
MLTK:O2]UM9:JSNT[ZZ)JVMU^O/\`Q&M_]8T?_-RO_P`E2E_XC6NG_&M+K_U>
M5TYQ_P!&J5_"6.3R>.IZ_CZ\T8_+GG\,CCW'2B_]?UU\MP/]3G_@D3_P<0_!
M;_@J=\8=>_9[U/X+ZE^S7\8[3P)=^//"6@ZU\4=$^(&@_$&+1-:N[;Q9X?\`
M"FMOX6^'NJ7_`(ET'PY<>'O%\>C0^&9K^_T1?'=^+>TTCX?7.L:Q_1=7^5!_
MP:^<?\%G?V:^,C_A$?V@^<9/_)!OB%SQUZ=O7WK_`%7Z?_`7X;_/=VTOM;82
MTZMZO>W5WMHEHMEULM6W=O\`QL/^"IW@SPY\"_\`@J)^VOX6^&.DZ7X8\.>"
MOVKOBAJG@_P_8Z)H-MX=\,03>-;SQ+I_A_1O#-MI5OX<M?"OA^XO/[)T'PZ-
M);2[/0;*RTJXANH(W:;_`%G/V&/VE=,_;%_8]_9O_:;TR2!G^,GPE\(^+=?A
MM/#FN>$['3O&LFFI8^/]&T[0/$=YJNJ6>EZ'XXT_Q!HVF22:WXAL+W3["WU/
M1O%/BG1[S3_$&I_Y1O\`P6M_Y2R?M_\`_9R_Q%SG'_01'3/MCW]*_L&_X,]_
MVP1\1/V7OCM^QAXAN(TUS]G/QO8?$WX?_;_&=Q>7NL?#7XTW&LOX@TCPWX*U
M.[N;C1]%\`?$/PWJ.L>)=1\-"U\,2ZK\8M#?4-(L/$NIW^L^*U_7Y?UW[#/:
M/^#MC]C_`%CX[_L'_#O]HKPG8WFH^(/V1/B+JNM^(U.H>!-*TC3OA#\4=)L]
M&\;ZQ>W'BBXTKQ)=:A:>,?"_PLL]$TCP9J]]=ZI+J=U#?^"O$,J:;KG@[_-/
M[C`QTQSGFO\`</\`CE\(?"G[0/P5^,/P$\=RZO!X(^-OPN\?_"/QE-H%W%IV
MO1^%OB3X4U?P9XBET6^N;34;>RU9=)UJ\?3+RXL;V"WNUAEDL[J*-X7_`,4C
MX\?!OQI^SQ\:_BO\"OB'I&I:%XW^$7Q`\5_#WQ-I>K06%O?0:GX5UJ[TB:61
M-*U77M'EAO1:I?6EWHVOZ]H=_97%O>Z+K>L:9/::A=&B[WOO>Z:?*EI;>]]6
MVWTM9W-=]+:*W6^MVW?5-6222M9W;NC"^&/PU\;?&+XA^#OA;\./#FN^+?''
MCK7]/\.>&O#OAO0/$'BC6M1U+4)EC5++P_X5TK7/$>J&WB\R[N;;1M'U/4/L
MMO/)!9W#H$;_`&J/V5?V?_"7[*7[-WP-_9M\#VVAV_ASX*_#'PC\/[>Z\.^'
M4\*:9KNIZ%H]M;^(?%QT`ZGK<]EJGC;Q$-5\7:])J&O^(=8O=;US4=0UKQ!K
MNK7=[K-Y_G'?\&I7['R?M"_\%)8?CMK]HEUX&_8W\$:I\3)K;4/!T_B70-8^
M)7CJQU?X>?#'2;[5KNRD\/>%]7T=]3\4?%+PG?W%Z/$Y\0?#"SNO"^DW*:;K
MGB#PM_IZT^GG_7_!ZO\`S-;[Z=K:WUN[WUOII96L]7>R_DI_X.V_VTV^#?[$
MO@O]DWP)X_LM(^(_[3'C_1+GXD^%],U;PL_B-_V=_"=OX@U>_&I:5)K:>/-#
MT?QI\3=(\':;IWB#2-`E\/>(M,\)?$#P=K6N6D5Q-H>O_GI_P99^"?#5_P".
M?^"A?Q&N]/EE\9>%?"G[-/@C0M474=5C@L_#7Q`UCXWZ[XMTZ71XKZ+0[^34
M]4^&G@NYAU+4=.NM4TI-*GMM'O=/M-8UR#4?Q@_X.1OVLM1_:C_X*L?'C3+?
M5M<N?`W[-D]I^S9X)T?5;GPM-::->?#AYXOB6^EQ>$C<VZV^K?%B]\:WJ3^(
M=5UGQHUD-/T[Q%)X<&F6'@'P;^YO_!E+G_C9;D_]&:^O_5U?\Q1=Z+5)7T;T
MN[-M*UDVM&TW=K5O1)6U;T=[)-*SLE\+=W>TG*VR2=DMV_[LZ_B+\3_\'H?P
MKLM6^(MMX2_8+\<^(M(TG7OLOPIU76OC_HGABY\=>'%U>YMVUOQWI=O\)O$G
M_"M-4;0H[34X/#^B7OQ2MWU*XFT:;7;:"W76KK^W2O\`"8]?Z#CTZ]AS^/UH
MVZ7Z6UZZ7TL[K==&_B35T#3:LFXZQ=U:]DTW'WE)6DERRTYDF^6496DO[M/^
M(UKU_P"":0'_`'>5G^7[*AI/^(UL_P#2-'_S<G_\E3W'YU_"9VQZX/Y9']:4
M'GJ?4XP#ZGZX]/Y4M?+YO?;R]?Z8S_8F_P""2_\`P4S\'_\`!5O]E2X_:2\*
M?#+7OA!JGAWXF^*?A%X\\`:SX@M/&-MHWC'PWHWA3Q8&\-^,+32O#;^)M!O?
M"?CKPI?+J5]X6\+WEMK%QJ^D-I<L&E6^L:GT'_!7_P`">%OB+_P2R_X*$^'O
M&.FR:KI.G?L@_'GQW:VD6HZII;1>*?A;\.]=^)O@;4S=:+>Z==R1Z-XV\(>'
MM9ETZ:=]*UB*Q;2->L-2T6^OM-N_Q9_X,YL_\.ROCIG.?^&[?B;UZ_\`)O\`
M^S#7[L_\%2?^49/_``47_P"S$OVNO_6?_B%3_I`?Y./_``2V_P"4FW_!.CW_
M`&[?V1?K_P`G`_#[]:_V>Z_QAO\`@EM_RDV_X)TXSC_ANW]D;N,<_'_X?8[]
M>OO_`"K_`&>:`/Y^/^"SO_!>7P5_P2+\:_`_X9VGP+MOVC_B-\6/"_BOQWX@
M\)Q_&%_A/>_#KP7I>K:=X?\`!WB._E;X6?$M-;M?'^NP>.=,TF.%-+>QE^'V
MLR7+3BXM!7XI?\1K?_6-'_S<K_\`)4KX2_X/&?\`E)K\"\]?^&$OAD?S_:`_
M:=_/\AZU_)Q1_7SZ_CTZ;7>XE?K9ZO96TOIU>J5DWU>ME>R_NU_XC6O^L:0[
M?\WE>HS_`-&J?G7ZV_\`!)W_`(..?@M_P4\_:#O_`-F:[_9]\=?L_P#Q.O?!
M4_C'P!-<^+;3XI^$/%X\-:+IVH^/O#^HZ[I7A3PC?^#]7T:>ZU.X\*W>IZ%=
M>'O%OAS0+N\U+6O"'BW4M"\":M_EO#^H]_T[_P"?6OZ.?^#57'_#X+X79Z_\
M*@^.F/\`PAKGG\LC'N*/\T[ZZ6^?7^M+IOK>[M9IK2SO9IO2^EM+-+5W3=FO
M]2ZO\;7_`(*_B$?\%3O^"A/D6=E9)_PU[\=]T-A:0V<#SGX@ZX;F[>*!(XY+
MW4+CS=0U&[<&?4-1N+J^NGDN;J5Y/]DJO\;3_@K^?^-IW_!0GU_X:_\`CT>/
M^RB:Z.#^'IUSVQ0!_H@_\&P/@CPWX4_X(Q_LS:[H=A+9ZG\3/%G[07C?QK<2
M:GJEZNK>)M/^/OQ'^'-K?P6NHWUU:Z-%'X/^'_A+2SIN@V^F:7)/I<^KS6,F
MMZMK&HWW8_\`!R__`,H2OVU>G7]G#KT_Y.V^`W7VI/\`@V?_`.4)/[%7_=Q_
M_K6WQYI?^#E_'_#DG]M7.<?\8X].O_)VOP&H"]_Z^7Z'^<?_`,$?C"O_``5/
M_P"">QFL[&]3_AKSX$J(-0L[>_@CE;X@:(L%Y%;W$<L:7VGS&*_TN]1%N-.U
M.VM-0LI(KNUMY8_]DFO\;+_@D!G_`(>G?\$]L?\`1W_P%_\`5B:#UZ\9Q7^R
M;26@^B]7^A_-7_P5R_X./OA/_P`$O_CWIG[,_AW]G'Q;^T;\5K+PQHOB_P"(
M8N?'T7P8\%>#--\56\][X7TG2_$MW\/_`(C:EXT\1W6G0P:OK$.G>&;#POI6
MG:KI-O#XNU;Q)'XD\.>&_P`H/^(UO_K&EQG_`*/*&?R_X95_^M[U^0O_``=5
M?\I@OB>.?^2/?`SIR?\`D1X/_P!>,]#[U_.+Q_GM]>!^E,&K?<G]ZN?W:?\`
M$:R>?^-:/3_J\K\>/^,5/3FOB_\`;#_X.[_VN/CO\/\`QA\./V<?@)X%_92L
M/&W@]_"]]X__`.%A^*/BK\8O"MUJ3ZW!X@\0?#GQI8:+\)M!\):O=Z5=:+8>
M']0E\$ZWK7A&[LM;UW2M8?6M4\/W?@W^1JE.<D'KGTYS_G\*/Z^ZW]>6@C>\
M4^*/$_CGQ-XC\;>-?$6O>,/&?C'7=7\4^+?%GBC5M0\0>)O%'B;Q!J%SJNN^
M(O$6O:K<7>J:WKNMZK>7>J:MJ^IW=WJ&IZC=75[>W,]Q/)(_^K=_P;:_"'PS
M\(_^"/?[+,^@K<-JOQ63XA_%_P`9W\\VJ?\`$S\2^*?B#XDTVU:WT_4=7U:S
MTJWTGP?X?\)>&TAT-=*TG56T-_%$VDVNM:]K,T_^3H1[\<$<8X)]^?\`T*O]
M%S_@U$_X*3?#7XA_LNV?_!/WXF?%:>/]H;X2^*_'&J?!;P7XON;&.3Q9\"KR
MVL/%AT?X>:NFF:?-KU_X$\07?CJ]U/P=J>H>(/%.B>#A;ZIH=Y)X!T.30_`:
M3NN^ORMOOH]FK*SZW:MJ:W\K.[OK>ZLK6LU:[=Y*S2WOI^]G_!4__@HCX-_X
M)??L@^*?VI/%/@V7XF:I:>+/!G@7P#\,(=?U#P>WQ"\9>+M6Q)HW_":6G@_Q
MS:>$TT;P=IOB_P`:S:KK&@R6-Y!X5?0+:;^W-8TF"X_EJ_XC6_\`K&D.F?\`
MD\H?_0J=?;K7]N/Q,^&'@+XQ^!]<^''Q-\+Z;XO\&>(?[/?4=&U$3QF/4-#U
M>P\0^&]>T?4;*>VU7P[XJ\)>)M)T?Q7X-\7>'[_3?%/@WQ;HNB>*_"^KZ1XB
MTC2]3L_R\_X<!_\`!'?_`*,2^%7_`(.?B-_\VU";;>UK*VNM^J:V[---WOLK
M79U\K+6]VW=WTLK)*UG=W=]%N_YT3_P>M?\`6-+\_P!LG&/3_FU3N*V1_P`'
MJ'AO^S]__#NK7/[4_L3[1]D_X:GT\V'_``DO_"3?9?[)_M'_`(9\^TG0_P#A
M#_\`B??\)'_97]H_\)/_`,4J?#/]E_\`%95_0M_PX$_X(\#I^PG\*A_W&?B/
M_P#-M31_P0&_X(\*PQ^PG\*LJRD`ZM\1)%)4AMK*_C5E(8`!E<%67'?-4G:]
MTGI97OIYZ-:^MUY=DU>UI2C9INRCJEO%\R>CUO:TM%9J^G^<E_P4@_X+8_MP
M?\%/=/L?!WQU\2>%?"7P@T;Q;-XOT#X-?"C2-1\,^"+741HFC:)ISZ]+J>M:
M[X@\:7&C_P!F:EKFF7?BO6=5DTO7?&'BN314TK1[G1M#T/\`(PDYR./IWY//
MO^/I7^@!_P`%1/\`@TM^&?B3PQ>?$_\`X);F7X?>/=)CO+S6/V;/B9\2=:U?
MP!XMTC2/"EQ+:Z?\)O'GC.W\2>*_#_Q&\0^(M-@MDL?BMX^NOA[JE[XG:>X\
M8?"S0O#Q34?X!KFUN;&YN+*]MY[.[M)Y;6ZM+J*2WN;6ZMY&BGM[B"41RPW$
M$J/%/%*B212*5<`@J9W>W2VW2RZ?=>^K=WW8)6[[MZMO=WZWTUT6R6BLDD5S
MZCCKT]NX]O\`Z_I29/\`/]>#2XZ\YP.WY=3Z<=`?PH],=3VQQUQWXZ^V/?-"
M:_+\;6W]4,_W0?!7_(F^$O\`L6=!_P#35:5^>O\`P1]_Y1Z_!+_L9OVA?_6F
M/C%7Z$^"?^1,\(_]BQH'_IJM*_/7_@CY_P`H]?@E_P!C/^T-_P"M,_&.F/H_
M5?E(_3&BBB@04444`?GO_P`$E_\`E%]_P3V_[,V_9U]/^B5^&/3C\N*_RC?^
M"I/_`"DV_P""BW<?\-V_M=<9[_\`#0'Q!R,=N<]J_P!7+_@DO_RB^_X)[_\`
M9F_[.O\`ZJOPQ7^4;_P5)Q_P\U_X**_]GV_M=9X[C]H#X@YQDD<^GT]>0#X2
MYS^!_+'OZC_ZP[5^B7_!(LG_`(>E?\$\_0_MD?L\?^K0\-GM@=_PS7YV^V?7
MKT'?COSCT![5]N_\$UOBE\./@A_P4$_8O^+_`,7=<F\,_#+X:_M+?!_QGXU\
M30V<M^OA[0M`\;Z1J%UKU[:6Y^V2Z3H_DQZCK0T^&]U--(MKZ33-,U74%M],
MNSK]_P"G_`&MUZH_VBJ_RRO^#J2ZM;C_`(+#?%J&WN8)Y;'X3_`JUOHX9HY)
M;.Z?X?:=?):W2QL6MYVLKRSNTAF593;75K,%,4\3O_J:U\3?M:?\$Y_V(_VZ
MDT!OVK_V</AW\8-4\*/`OAWQ3JUKJ6@>.]*TZU&L^5X>MOB#X/U+PYXX/A%[
MC7M3U*?P?+X@D\*W6LRV^MW6CRZS86%[:)^E_P#@?A][0+KYZ>FJ^_T/\7+M
M^A/<<YR1^G]>U)Z\8X]__K]0<<\?U_UO/^(=;_@C%_T8[X0Z8_Y*=\>?_GJ=
M??K2?\0ZW_!&+_HQWPC_`.'/^//_`,]6BW]7:[??M^G5AIY_=_P?7^GI_#?_
M`,&M/@SQCK__``5\^"OBO0O"7B?6_"_@3P3\:[SQSXETC0-5U/P_X*LO$'P<
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MI*5S?:M?1V5]-%=7?Q:W:=HW36FEW_C[_P#!:L#_`(>Q_M_@YQ_PTS\1?FQS
MG^T1D'MSUX''88->[_\`!OQ^W7-^PM_P4?\`A+K&MZ]:Z/\`";X]7FE?L^_%
MMM?\86'@WP1IGA[Q]XHT&WTGQYXNU/4O"WBJUM[7X=:]!9>)K>[C?PA)'%#?
M:=JWC_PMX,U7Q=+>?"'_``4._:&\'_M8_MQ_M5?M(?#[2-9T3P+\8OC9XX\:
M^#[#Q$T`UX>&M1U:5-%OM:M[4O;:;JNK:?#!JU_HMM<ZA!H=U>R:/%JVLQV*
MZI=_(-C?WNE7MGJ>EWMWI^I:;=V]_IVHV-S-9WUA?6DJ7%I>V5U;O'/:W=K<
M1QSV]Q;R)/#-&DL;HZ*:>S=F]FM-FFK-J^VCZV>]E<+*2CS1=KQDXNUTXM22
M?*VKII;-JZW:/]UNO\PO_@ZV_9%@_9]_X*2CXU>&]$L-(\#_`+7?P^TOXEJ-
M$\$:OX6T*/XF^$3!X(^*5K)K)DNO"?BSQ9JL]EX9^(_B_4-`?1]9&H_$>WO?
M%_AB+4M6M/&WCW^^+_@E9^VMX1_;]_84_9__`&B-!\60^*O%M_X)T7P=\;HI
MI_#"^(/#?QW\':/IVE_%'2/%.C^$[?3=+\/ZAJ6N8\9:#IZ^'_"Z:KX"\5^#
MO%FG>&-$T+Q'HUF/??VD?V1OV:_VN?"T7A#]HWX/^%/B=IUGIWB32-%U+4X;
M[2?&?A?2?&MK:Z3XWTWP;\0_#5YHOC[P38^/="M(?#'CZU\)^)=&@\<^$)+[
MP?XL35_#&HZAI-RG>SLDW9V3=DWT3:3LGU=G;LQN]G:S=M$]%?IK9VUW:3]'
ML?@Q_P`&H/[*]O\``[_@FBOQOU&*Q/BW]K;XE>)/B!]KT_Q=J.OQIX`\`WEY
M\-?!&DW^AK%;>&/#&M6>MZ)X\UB]@TG^U]:O+/Q'I</BKQ"+W3[3P7X)_<3]
MNS]J+PQ^Q7^Q]^T1^U)XLU2PTJQ^#_PTUS7M"?5M&O\`Q!8:GX]U!8?#WPQ\
M-7&BZ5JN@7NI_P#"7_$G6?"OA6*U'B'PW!)-K$8O/$WARS^T:W8_3>@:!H?A
M70]$\,>&-%TKPYX:\.:7IVA>'O#^A:=9Z3H>AZ'I%G#I^DZ-HVDZ?#;Z?I>E
M:786T-C8:?8P6UG8V=O#;6T,=O'''7\4G_!WW^WYI.D_#KX3?\$\OAI\3+*3
MQ1XMUZV^+O[3/@G0H-8?4=.\%:!%97GP9\+^,-?M]7M?#D%EXG\42ZA\07^'
M]WHVO>)&N/`OP[\<W\_@O2)?"S_$1K2W6UM'>S]=;Z^M_,'JG9M-JUU9M:63
M2DI+3>S35]U;0_@BUG5K[7M8U77=4>&34M:U*^U;4)+:RLM.MY+_`%&YEO+R
M2WT_3;>TTZPA:YFD,-G86MM96L96&UMH8(XXE_NA_P"#*3_G)=_W9K_[]77\
M)N>>1C![=L8S@=.U?U_?\&=W[2]A\.?VR/VA_P!F/5FM8+;]I?X1:!XL\/SC
MP[K^J:G=>.OV?=1\0ZC8:+'KVEW4FC^&-'NO`GQ(^).LZE/XFT<6.KZGX?\`
M#^EZ=XHT;69K#0/&:6R_X"TTVL]EU_#2P;G^C17^%'?6-]I5]>:7JEE=:=J>
MFW=Q8:AI]_;S65]87]G,UO=V=[:7$<<]M=VMQ')!<V\\<4T,T3Q2HCH0?]UR
MOR[^+/\`P1D_X)G_`!R^,OCS]H+XD?LMZ#JGQB^)PU9/'OC70?'_`,7O`EYX
MF37_``@_@+Q-%?Z=X!^(7AC0TB\6>$I+W1/&4=KI=LGB^WU;7)O$RZK=Z]K-
MS?#;Z6O9V3NKO2UVD[*[U=FUO9Z@[V=M7;1-V3?1-V=EYV?HS_'<[]>.!D9]
M/?GH#1]?YCZ=>0/\/:O];O\`XAUO^",7_1COA'_PYWQY^G_15/\`/7K1_P`0
MZW_!&+_HQWPC_P"'/^//_P`]6C5=OZMY>O;H/3S^[_@^O]/3\_\`_@T*\)^*
MO"?_``31^+]OXI\.>(/"\VN_MF>,O%6BQ>(-'U'19=9\+^)/V<_V7]1\.^)=
M+BU*WM7U#0-?TZ6*_P!%UFS6;3M5LI8KJQN;B%U=OV__`."I/_*,G_@HO_V8
ME^UU_P"L_P#Q"KZ2^"'P1^$O[-GPH\$?`WX$^`?#WPP^$WPXT8:#X-\$>%K+
M[)I.D6)NKB_O;AF=Y[S5-9UK5[[4->\3^(M7N]0\0>*/$>IZMXE\1ZIJ>NZK
MJ.H7GYW_`/!<SX]>&/V>_P#@D]^V]XF\23:,9_'_`,"?&GP$\,Z7JVNMH$^M
M>)OC]I5S\);*#13!I.N7FL:SH=CXLU+QE'H-IIH74M.\,ZE_:NK>%]`BU7Q9
MH@KI*[3?5ZI-Z;*[MZ7_`#N2KV5VF[*[2LF^K2;=E?HV[=WN?Y>/_!+;_E)I
M_P`$Z.W_`!G;^R*>AZC]H'X??@!R![5_L\U_C"_\$M\_\/-?^"=)'&?V[/V1
M>V0"?V@?A\.G;IZYXZU_L]4QG^:__P`'C'_*3;X%]#_Q@E\,O3I_PT!^T\<Y
M((K^3C_(//&.WUZ?I7]"G_!SU^TO8_M&?\%9_BIHVBO;7'A_]F?P)X(_9GTJ
M^B\.>(/#E[>7W@^;Q!XZ\<)JL?B*Y:XUF[TCXF?$CQMX=L/$6F:3H.@:SH&C
M:-<Z%;ZWI@@\:>*/YZSW]NW!`'U^I_\`KYI;[JW])O7KTVTTU?0`]`.O&#GV
M''X'\J_H[_X-51C_`(+!?"[J#_PI_P".?'J?^$'N1D^W?ZGCBOYQ..>>_I_3
M@8/^17ZX_P#!"O\`:?T_]DG_`(*I?LD?$SQ#?:-IW@GQ%X[E^#?CV^\1:Y9>
M&-`TKPO\:M(O_ALWB36/$E_H^LPZ-IO@G6_$6B^.;RX9=)M+V#PR^E:OXF\-
M:'J6JZY8"_X>][WTM_P?/Y@?Z^U?XVG_``5__P"4IW_!0G/3_AK_`./6/3GX
MBZ[GGJ,X/ZU_LEU_C9_\%?Q_QM._X*%?]G??'KU&1_PL370.O&`?_P!?H?/^
MFU_PWF!_HY?\&S__`"A)_8J_[N/_`/6MOCS2?\'+W_*$C]M;Z_LY?^M;_`>C
M_@VA_P"4)'[%/U_:-_\`6M_CQ1_P<O?\H2/VUOK^SE_ZUO\``>F!_G'?\$@!
M_P`;3O\`@GJ><?\`#7_P%_/_`(6)H9'],U_LF5_BX_\`!-CXK>!_@9_P4%_8
MK^+_`,3-0@T7X=_#O]I[X*>)_''B"ZGGMK/PQX6T[X@:')KGBN]:TT[5+N>Q
M\+:<;CQ#>V5I8S7.I6FFRZ?;O!+<QW$7^T=0/HO5_I_D?Y9/_!U'>6ES_P`%
MAOB[#;W$,\VG_"CX$6=]''*'>SNW^'>FWZ6]PJ_-%,UC?6-X(V^8P74,N-LL
M9/\`.?UR>1GGV`SR??GM7^T9^UI_P3G_`&(_VZET!OVKOV;_`(=_&#5/"CVX
M\/>*M5M=3T#QUI6G6XU@Q>'K7X@>#]2\.^-CX1>XUW5-1N/!S^(7\*7>L26^
MMW6C2:S8V%]:_%O_`!#K?\$8O^C'?"/_`(<_X\__`#U:3_K5]U_7_`;#1_AT
M[)+OZ_T]/\D4G\._J#D9[\9_#O[4'GC'/T]^@Z<?^S9ZU_K=?\0ZW_!&+_HQ
MWPC_`.'/^//_`,]6N+^(7_!M?_P1U\>>"KOPAI_[*K_#2>[U?0]7A\9?#SXH
M?%"T\:Z=)H]_%<7.GV6H^)_%?BO37TC7]-%]H.MZ=J.CWT#V&I2ZCI:Z7XHT
M[0?$&CB6R=ETOJTMK]&[>2OHOD)Z)M)MI-I*UV^RNTKO97:6UVM;?Y/'OGT_
M4'/^!]:ZOP-XY\8_#'QIX4^(OP]\3ZUX,\=^!O$.D>+/!_BWPYJ%QI6O^&_$
MN@WT&IZ-K>CZE:21W%GJ.FW]M!=VEQ#(K)+$IR02I_2/_@K'_P`$J?C?_P`$
MJ?V@A\-OB(Z^*_A1X^G\2:O^S_\`&.R2&'3OB7X/T&ZTQ=0M]0L$D>7P_P".
M_",6O:#8^.O#4RR16%_J5EJ&C7FK^'-7T75[[]KO^""/_!N=X0_;>^&>@_MJ
M_MLZAXGL_P!GW7M:U2V^#GP1\):O!X?UCXT6?A7Q):Z1K/C/Q[XQTB^N?$GA
M+X9W&K:/XR\#VOA30X/!_P`2O$UY9R>--+\8>$O"]EX;N/B(>NK^72WIZ_/T
M`POV;/\`@\#_`&ZOAII?@OP_^T9\&/@S^TY9Z%/XA'B[QA;/?_!#XI^.;*^M
M+Z3P\)-5\(:?KGPK\-ZCH&LW-J+R\T?X,?8==\+Z=!HO]D:9XCGO/&MQ]J?\
M1K?I_P`$T1CG_F\GN3G/_)JGUSQR3^?]`P_X-U_^",BQ6T/_``P[X1*6EI9V
M$);XG?'@RO#901VT,EU<-\53<7MX\4:&[U&]EN=0U&Y,EY>SW%U++-*[_B'6
M_P"",7_1COA'_P`.?\>?_GJT?UO_`%T_'[QZ>?W?\'U_IZ?S\?\`$:T<@?\`
M#M+T_P";R<]<?]6JX^AS[^U?3?[%?_!VSX2_:K_:R^`'[-7C;]B#4?@[H_QY
M^)OAKX2V7Q'TO]HK_A:%SX<\6^.[K_A'/`*R>"3\!?`7]J:=K7CN_P##GA_6
M;T>*M-'A[2=5O?$ODZI_9']DW_ZV_P#$.O\`\$8O^C'?"'_AS?CQ_P#/4KWC
M]GO_`((]?\$TOV6O%T/C?X(?LD^`O"_B2TU7P]XDT^XUO5O'7Q&TW2/&'A"\
MN;WP?X\T/P_\3/%?C'P]H?Q%\&S7^KQ>#/B+H^DV'CCPI8^(/%.E^']?TS3O
M%'B"TU0?-I:SVO=M:75VM'LKM+J[)M*[2?EJ[K1Z*UU?57>BO;NTE=7NOTSK
M_*C_`.#G#]ECPY^S#_P5>^*.H>$--TO1O#7[37@OPQ^U-:Z5IVM:KJ\D'B+X
MBZUXM\,_$O4M435]/MY-&U/Q5\6O`7CWQG+HUCJGB+2;:V\16EQIFHZ3:7<7
M@_PQ_JN5_DT?\'%W[7WA;]LC_@J#\5O%?@#Q;/XQ^'7P@\,^&_V?_`^J(/A[
M=Z"=-^'M]K][K]QX+\3?#O7O$NG^,_!?B'QWXE\6^,]`\2:]JG_"4_9_$TFA
M:GIVAVVB6.AZ<_NZ/5KNEHFU=W:VNUO:R87M;?5V6C>MF]6DTM$]965]+W:3
M_"_T[>_X]?\`]7I1^'?IQGZ>OZ8S2\=AW&#SQ[8'<?C[4@QQR?\``_B?US0M
M?+U`_P!T#P3_`,B9X1_[%C0/_35:5^>O_!'S_E'I\$O^QG_:&_\`6F?C'7Z%
M>"?^1,\(_P#8L:!_Z:K2OSU_X(^?\H]/@E_V,_[0W_K3/QCH'T?JORD?IC11
M10(****`/SW_`."3&?\`AU__`,$]\_\`1F_[.OY?\*K\,8_3%?Y1O_!4G_E)
MM_P47_[/M_:ZZ^_[0'Q!_''^>]?ZN7_!)?\`Y1??\$]_^S-_V=?_`%5?ABO\
MH[_@J1C_`(>;?\%%SC_F^W]KGN,?\G`_$$<\=SU^OXT?U]X'PD.1_GW./O`8
MXS^-`]/S^F1G/7MCGY>_6D'UYXZ?ATYY(/;VZT?ITYQZ#C\__KTK;^J^5K??
MW];@?V`?\$>?^#H?Q)^R=X`\&?LP?MU>%_'?QJ^$7AJ[CT?P/\>?#NLV^L?%
M?X7^"UL7M]+\)>(O"VM16G_"T?">AZ@MH-+U3_A,](\7>#_"PO-*TZP\<6VG
M^&?#NG?O%+_P=R?\$IUD9%TG]JB5%<A98_A!X7V2!6(#*LOQ-BE"N`&0/''(
M.,H#\M?YCOH,_E_^L#M_7TI2?Q^H'H,^O(^7]:/\[WU?;3M;[N[OT.M]]$K:
M65NNEG=[.[:TT2=V_P#3@_XBY_\`@E-_T!OVK/\`PT'A3_YZ5'_$7-_P2F_Z
M`_[5GT_X5!X4[9Y_Y*@#S_G'-?YCW?GT_IQT_#^M+GUP`?0#&,]\8/4?6B_7
M\KO[K+7^OD_DOQ_S_J[\K?Z<UM_P=P_\$I9YHXI-._:EM(W8AKJY^$'AMH80
M`6#2+:?$FZN&7(V$0P2MWQ]['\W'_!73_@YO^,O[=GP_\6_LU_LM>$-8_9O_
M`&;?'=G=Z'\1];UB]CE^//Q2\,)K?BJTE\':IKWA[6KCPWX(^&_C[P?<>$9O
MB%X&\.V^J:[?WUMX@\!7_P`2_$_PQUGQ!HOB[^5\]`<\G)/Y_P!:/Z\=.GT]
M_P#.<]!7[_\``MHUTN(.?ICVQS^`Z_7\Z/K[\^O7GGW_`,YI*=SW^F,?3H/7
MG]33_K\OZ^[N!^FG_!-+_@K%^U;_`,$LOB'XE\8_L]ZEX:\0^%?'FGPZ?\0?
MA!\2[?Q!J_PS\6-:2!M,\02Z3H'B'PUJ&E^,]"C:Z@T+Q/INIPW%M!>7=AJ=
MMJ^D7-SIL_\`:W\'/^#P;_@GUXK\#V>I?&CX-_M)_!_XBQ0Q-KG@_P`.Z)X-
M^*_A3[3/>ZE&L7A'QY!XH\$ZEKMK9:?;:?=:E=>)O`/@2:.[U(V.FV.KQ64U
M^W^;>/;.?;_'/%'?ZX]!Q_+W]*79=E;SU=^UWZWZ6Z:'?5ZN[NV^B6EWHK16
MBLKW=KMM_P!Y/[;G_!X;X5GT#6/"/[`/P+\7P>(+NSU'34^,'[0=AX=TV+2I
M[[0_'VD)K?@SX=>&?$OBNVNKOP_KY^&GC+P[J7CG4KBQ\0Z>OBWPEXE^'6B2
MIINMW'\,'C?QOXQ^)GC'Q/\`$+XA>)]=\;>.O&VNZIXH\7^+_%&IWFM^(O$G
MB+6KN6_U?7-:U>_EFO=1U+4;V::YN[JYEDEEFD9F8EL5RG(_S_G@_D:7OSZ'
M^N,8[9].*?;R_P"!_EIVZ;NYU;UUMU=M+VTV3U=VE=Z)[*QC_P`=YY'?@=.?
MI75>!_'/C+X:>,/#'Q!^'GBK7_`_CKP9K>G>)/"/C#PIJU]H/B3PSK^D7,5Y
MIFLZ'K6FSVU_IFI6%U''<6UY:3QSPRHK!P:Y8GVZ'TXZ8P<\]OYT'H`.<\]_
M4CI[\4K[7\OR779VWTMMILP/]`+]B3_@\!^!X^%O@OPC^WC\)OC!!\8="\*:
M=IGBCXO_``8\-^!M>\&?$#Q%IS^)([_7]4\%7?BKP9J'@B]UC2=/\(7,L'AF
MTU_1+_QGXB\31V>D>`_".B:6MY]O_P#$7-_P2G_Z`O[5G?\`YI!X4[=?^:HU
M_F/+@<GWX_#O]<FDQ_+CG&?0\]1],4[Z[65EWU>W5O5VN]=WHDK(%IOKJW=V
M6[O;W;*R6BTO;=MZG^G#_P`1<_\`P2F_Z`W[5G_AH/"G_P`]*E_XBYO^"4__
M`$!?VK/_``T'A/\`^>ET]^E?YCPYSC(_D!WR?3CBCMP.W)/\QTZC\Q^.5?\`
M"R>W6UNOR\WL/Y+\?\_ZN_*W^EAXY_X.^_\`@FCH/A36=3\$?#;]JOQ]XMBL
M[U/#_A67P#X#\)V&IZP=-OKC2TUWQ-J/Q+O8]"\/3:G;66FZOK&GZ-XFUK38
M-22_T_PGKPM+FT'\4O\`P56_X*X_M'?\%6_BMIGBKXKQZ5X(^$7P^U?Q/=_`
MOX&Z#'HVH:=\+=-\6V/A33]?CU'QY!X;\/\`BCXC:_KB^#=%O]5UWQ1BQM-3
M.J+X-\/>#M&U*?1!^5'U^G.>/U'3TZ4ISCG)`SSR03T'X#_/6A].U]?T^]Z?
MUHCZ<_8G^+OA3]G_`/;+_9(^//CM-5D\#_!+]IOX"?%WQE%H-G%J&N2^%/AO
M\5/"GC+Q$FC6$]U8PWVJR:1HUZNGV<][9Q7-TT,,EU`CF5/ZZ_\`@II_P=HZ
M'\4_@QXZ^"W_``3M\$_&/X6>+?&$-EX>NOVCOB/#X7\->)_#GAVXN?$UMXTE
M^%GAOPUXD\6W6@Z_J.FV_A./PC\0=5UBS\1:+:^(?%-U9^&/"/B[PWX6\32?
MP\=?KD9Z#/7H.,_SS]:3MWX&/KSG&>Q_PH3\MM+=-4M=-=+Z;+NK`_)M.Z=U
MOHT[:W5G:STO9NS3LU8NKJYOKJXO+VXGN[R\FENKN[NII+BZNKJXD,MQ<W$T
MK/+/<3RN\DTLCM))(6=RSL35<XX'0]#U]NOXYZ4'VSC/4@9S]?Z4'U]2>OM[
M]>_/^<"6V_=7OIMH[O[NWY@#KV_'I_D__JHX_P`D=/UP?\XH_`>V?3Z\=,8[
M4#\\\$>H/&/Z?RI_U_78#^T[_@F=_P`':?C#X4>%?`_P5_X*%?#[6OBOX6\*
MZ9X,\#Z+^T)\-I-0U+XQIH&B:#K]A?\`BSXSV/CGQA>Q?%WQ7>ZC!X)M]3\0
MZ+J'@S7KO2SXN\6:Q#XY\8_9]/U_^7C_`(*$_&;P+^T7^W)^U=\?/AE>WU]\
M/OC/\=OB+\3_``?/JFG7&DZLF@^-_$5YXCT^TU?3+H!['6-/@U!=/U6"*2ZL
MDU"UN5T^_P!2T_[-?W/QS^(Y/UX['G/O_M"F_P!/THZ]+>5K?=:RMTMH"T22
MZ6U;;>BMJVVWYMW;>K;/ZT?^"!W_``<->`?^"=_PAUO]D;]KCPM\1_$WP-LM
M;\9_$+X1?$7P)/%XLU_X<ZOKL>EZCJ?PID\`:QJ.BV2>`/$VOP^)_&&FZYH&
MN0WFB?$3Q1JJZSX>U71_%]_XF\$:W_!>C_@XC^%W_!0CX$Z7^R-^R7X*^(^C
M?"77M:\->,?C!\0/B6D_@W6O$U_X8N[37O#'@CP]X2\)>-]3TW5?"VEZT(-5
M\13_`!`BU&VNO%>AZ+>^'?#UI<>&]%\87G\C0_H?QY_SZ8^]28^I[#_ZWX_Y
M%%]=M;/ST>FVVG1VOJ[/31-7W;M[NB=K.+O>ZL]=%)-N+2M:SE</MT_^M_/G
MGT-?U[_\$C?^#I/Q3^R%\+=`_9Q_;D\#_$W]H;X9>#DN;3X??&'P5KNAZQ\:
M/!?A:UTTIHOP^U7PWXUO_#>D_$C0K#44C@T+7M6^(_AW7/"'A^671T3Q5I>G
MZ!I.C_R$^N>.V,9/?UQC'M[4>OT_+UR,<GMG\>W"_33UO;O^G;Y#/].)_P#@
M[D_X)3([HND?M4RJCLOFI\'_``OLD56P'02?$Z*3;(`7'F)&P!Y3/RTW_B+G
M_P""4W_0&_:L_P##0>%/_GI5_F/]L<#W[]>A/Z_@*3.<#'<GCW[#_)[4?Y_I
M^.O]7'\E^/\`G_5WY6_TXO\`B+F_X)3?]`;]JSO_`,T@\*=O^ZH_Y[XH_P"(
MN;_@E/C/]C?M6?\`AG_"O\_^%HX_6O\`,=.>_P"H&?\`&CT/3J<]?ID#MG^?
M?%%_^!Y_UY7#Y+\?\_ZN_*W]?/\`P<`?\%B?^"=O_!5#]EWX:^%?@:GQMT/X
MZ_!/XK6_C3PM<_$?P)-H'A[7?`WB71+[PQ\0?"%JWA[X@Z]HD6NWEX_@KQA:
M:SXD\/SR66G>!M7T31M8TV?Q-=6>L_LY\&O^#I'_`()"?`WX0_"GX*>#M*_:
MWE\(?!_X<>!OA;X5DU+X._#Z+49/#7P_\,:7X3T.34(M"\>:#H4=Z^EZ/:-<
MQZ+HNC:1'.SKINE6%EY5E%_FU<\\=N>OKUZ]<_\`ZJ49X],\9Z9'_P"NC[KZ
M7MU\WOK;2W:W742TOUO;1[+;16L[-J^K>K=K*R7^G!_Q%S?\$IO^@-^U9_X:
M#PGV_P"ZI?\`Z^U'_$7/_P`$IO\`H#?M6?\`AH/"G_STJ_S'_P#$\=.PQP/7
M_)I#]>/Z9SCH,_E^78_K\O+^M?D_DOQ_S_J[\K?Z<7_$7-_P2G_Z`O[5O3/_
M`"2#PIT]?^2H]*(_^#N3_@E,\D:MI7[5,:LZJ97^#_A;;&I(!D<1_$Z1RB@@
MR>6DCX'[N,L0!_F/>IW'T]S^O2D'7CUR._T']*/Z_J]OR#Y+\?\`/^KORM_9
M9_P4O_X.UOB5\<?!7C#X*_\`!/GX;^+OV>?"?C'0I=`U?]H?XC:I8V_[0UMI
MNK6FCG5HOAIX=\$:[K/A7X.Z]`R>(O#L/CM/&GQ&\2_V/JUMXG\%-\+?'FFZ
M5K.E?QIXZ_S)P`?3D=?\_1>.F>,9Q[^F<<?J/>DZ=OY\'_$4=_5=_+^NWXH0
M#_#L/YGI_6E/KG.,>IQ]20!U[4=L\^AY[?EP#^(XI.O?`Z9Q^6<>N/>CN[VU
M\O+\>BZZZ=`/]T'P5_R)OA+_`+%G0?\`TU6E?GI_P1]_Y1Z?!+_L9_VAO?\`
MYN8^,7^?;I7Z%^"O^1-\)?\`8LZ#_P"FJTK\]/\`@CY_RCT^"7_8S_M#?^M,
M_&.F/H_5?E(_3&BBB@04444`?GE_P21_Y1<?\$\??]C+]G''O_Q:CPO7^4E_
MP5)'_&S;_@HM[_MV_M='TX_X:`^(/K@?K['!K_5Q_P""2W_*+W_@GM_V9M^S
MI_ZJOPQ7^4?_`,%2/^4FO_!1@?\`5]G[71_\V`^()QTSTH?^7Y_H!\(GW.<8
M[]OU'Z\>]!_3T)X)QUQP>>M+G\.3T'(_D>^WTI#Z\GZC'7GWSUS_`/6I:W_K
MR\K;^;:[@'OUZ_A[_F?SI>F3Z]!STX/;MB@\9'N>HY_/'?\`H*3_`"/IR?US
MFC?7II;[T[_UK;;L`=^/UXX]_J/S[4N>#[CN.<`@#V]?7IUHY[=.V3CD=Q]W
MGWQ]:"#_`/K&`,C\AC/KUI:.VO\`GHUIIIKI?\F`N3UZ]L$=2?PY&1QWXQ3<
M'GC\QCT[#OR*._;O[_\`UL]N/TH^I'0=<^GL.U.R6JM\EZ=OS]+[`'UYR#WY
M!Z<__7IW7KT&!UXQT],C)Y]<9_%O^?R[D<]!_GK2^OT/7G@XQT[G/^>:&EZ=
MO31.W:^VFUP$X_'\,'^6/\\TO/4X/&.OIQQ@Y/\`+K1USZ9^N!SV].>O;ZTG
M(]0><_J/SZ_THZ^?GKI976GX[_<T`>HQWSSQTSQU_P#K^]'/Y@]`.G.>/SHQ
MQZ=OKSDYYSQ]/2@_B1GCG\??GGGWS0FNG]?/^OP`7D8'(..WU.../YT#`Y/&
M.@YZC!![\'_]7LGK[<<8QW..O/(XZ_CQ1CJ.OY=N??MZ&BW2_K;>^G]>E@%)
M)';K^(Z=/0?Y]:3'O^A_#.<8SV/YTG^?\_Y_K3NGX')XP?08&1_0KVHT7D`G
ML1R/3'3DDGKV_P`\4O'IGT^@^F#^//3':DY/J>WK]!^?_P"KBE__`%\]\=0?
M7D<#\^:+;7>O7\/PTVT`3C\L<9[<Y]QR/PS2XZC.<`]>@]Q@FCC^7Z#K@]<\
M^GOUH_#OTQGH/\[NG]*->E_G\OG???K>_0!/;H>AST[=?QS^E'3G/Y$@_P`O
M\_G1QCCL/7CTX[]3G'UI3U&/T^IZ9P2>GY>U%_)@'3MG(Y[#(//`QTQ[=ST-
M`./IW&._..OY]J;2_P"![?7\^G7M^%%OZ_!>EM-K:KH`HZCOR#QZY[Y[XS^E
M'8\8YZ^G3ZGO_AWI,>_KG/'3]?T_K2\$^G].@'?GCK_6A_A_P5TOZ_UHP#T_
M(#KTP?8=3^?X4A_G[?7IUX'U_E1QCW^@_GG-&"<G(R>V1DDG]*%9:?G\DK>7
M?S_`#UQG_P"L?7ZY'^31Z\?7VY_3TH'\N@_,]L'\?SQ1S^)^N>?\<_Y[L!*?
MW'&,\_GP>O'/T]*;U/X]A^6!Q_C0?IC_`#GZ="/_`*U+[KV?GVOVNM@`?GQ[
M?CV/Y_RHP1CIST.>GOD'M2X[\`<_C_Z%R<_ACVI,_P`L<=^_.??K^G%&^WS_
M`,NO]=MP#I^O/J#QW_'_`"*7TXQUR0/7KCKP!_C2>O?U/X]1^E`Q]>V,XR2?
MT']?K1=;_P!:]&O\]@%Z#..WJ..F",Y(_P`D'T0_K[<<_3`YH.?RP./ICK^'
M'XXIWH<=N>3GKCU!^G;FEM\_/K9:7;3=[?/J@&GVYR?J>>@/OQV]:7!QT&.O
M7GZ]>W]>!Z)TZ'H>./U_S_2EQUYQCOGCOQCJ#D>G_P!=M^?X.]M%]]WVZ[:`
M(?3/'Z9QC\?K]<4=<?3'L/\`ZP']32]@>1CWSSVX[=/3\Z3W_#MGD<\9_P`^
MU'Z:=+_AWT8!DY_/CL,]1CM1@YQ_GKCWQD_AGVI1VZGGD<'WX'7GN?\`&CGV
M.,GJ#G@$_7'^-,`_/'7MSW'MT/OUQCM1TSUZCKWQG=Z@\_7^='KCV]N1Z?YW
M'\Z`1Q[<]N3GW('3%3:]OU^3ZW:U5FM>_F!_N@>"O^1-\)?]BSH/_IJM*_/3
M_@CY_P`H]/@E_P!C/^T-_P"M,_&.OT*\$_\`(F>$?^Q8T#_TU6E?GK_P1\_Y
M1Z?!+_L9_P!H;_UIGXQU0^C]5^4B?]OW_@I?\+/V%7^'7P\@\#>//VA_VIOC
MG<W>G?`']E7X.V2:E\2?B/=6D@BNM:U"=X;JS\%>!=,F!35?&.KV\\<2VVH/
MI>EZL=)U=;'XP/[4/_!P6EB?B+)_P3-_9"?PL!'?GX'P?M:W#?',::LLDTMF
MOC%M/_X57)K+V6R&&,!52[#J;5WE%K%RO_!-3PY:_'/_`(*?_P#!9#]KKXE)
M!K7Q0^$/QNT;]BKX/)?.+J[^%_P:^&GA5=0O;;PS$P1=%M?B/J\MAXAOI;.&
M*6ZOK75I&N)I-3U*6X_EO\"_MH?M3>'?V(?AS^TUX?\`VK_^"RNG?M3:G\8+
M'PII?Q4^).NSZW_P2VEBD^--SX8BT_QAXT\=6]_9W5C!X4MVL/$`O9=7M[7Q
MK87^D3VBZ?%)/`+^NO\`P/EJBE9.UMK-W[:;;6U?7H]=C^Y3]@+_`(*3_"?]
MO'3_`!_X6MO"7C3X#?M+?!#4XO#_`.T'^RS\7;9-)^*?PJUJ?Y(;LQ%((O%'
M@O4;A)8M'\7Z9;VT%P4B34M-T6ZO+6TF_1^OYS?V_/#P^!'_``5B_P""-?[5
MO@^'2M,^,'Q^\8^/_P!CK]H-?",DUK9_%3X<:_X`L]:TJ[U&T,(GUO1_AQXC
M-[KUCJ.IQO=VL">&8;F6.+1M,-E_1E02_2R>WY6^5NN^]E<_/3_@DJ2?^"7G
M_!/4X;_DS7]G,D-@,#_PJKPOD,!@!L=0`!G/3MVWBC_@G!_P3Q\<>)_$?C7Q
MK^P7^QCXQ\9>,-=UCQ3XM\6^*?V7O@AXA\3^*O$OB#4+C5M=\2>(]>U?P-=Z
MKKFNZWJMW=:GK.KZG>7&HZEJ%S<7M[<3W-Q))+_D:>#/V[_VX?!?A3P]X0\'
M?ME_M6^$_"?AG3+70?#?A?PS^T1\7=!\.^'M#TN+['IFC:'HFE^,+73=)TK3
MK.&&UL-.L+:WL[.VBC@MX8XD51TC?\%%O^"@P"X_;L_;)'&?^3GOC;UXY_Y'
M>@1_K'_\.MO^"9/_`$CH_82_\1%_9_\`_G?4?\.MO^"9/_2.C]A+_P`1%_9_
M_P#G?5_DX?\`#Q;_`(*#;,_\-V?MDY]?^&GOC;G[WK_PF]-_X>+_`/!0?D_\
M-V?MDYQU_P"&GOC;ZC_J=Z`/]9'_`(=;?\$R?^D='["7_B(O[/\`_P#.^H_X
M=;?\$R?^D='["7_B(O[/_P#\[ZO\F\_\%%O^"@V?^3[/VR>C'_DY[XV]1NP?
M^1WZCMZ4X_\`!1;_`(*#?]'V?MD??`_Y.>^-G0C)'_([]R2?K0!_K'?\.MO^
M"9/_`$CH_82_\1%_9_\`_G?4?\.MO^"9/_2.C]A+_P`1%_9__P#G?5_DXC_@
MHM_P4&W?\GV?MD=#_P`W/?&S^\?^IWI&_P""BW_!089`_;L_;)QM''_#3WQM
MQ]X?]3O0!_K'_P##K;_@F3_TCH_82_\`$1?V?_\`YWU+_P`.M_\`@F5_TCI_
M83_\1%_9_P"_7_FGW>O\F]O^"BW_``4&W?\`)]G[9/W3_P`W/?&WT/\`U.]*
M_P#P46_X*#8'_&=?[9'7/_)SOQLZ\\_\CO0!_K'?\.MO^"9/_2.C]A+_`,1%
M_9__`/G?4?\`#K;_`()D_P#2.C]A+_Q$7]G_`/\`G?5_DY'_`(*+?\%!N?\`
MC.S]LC[R_P#-SOQL_P!G_J=Z:?\`@HM_P4&Y_P",[/VR?XO^;GOC;_M_]3O[
M#\AZ"@#_`%C_`/AUM_P3)_Z1T?L)?^(B_L__`/SOJ/\`AUM_P3)_Z1T?L)?^
M(B_L_P#_`,[ZO\G%/^"BW_!08CG]NO\`;(//_1SOQL]O^IWI?^'B_P#P4'RW
M_&=G[9/5/^;GOC;_`/-O0!_K&_\`#K;_`()D_P#2.C]A+_Q$7]G_`/\`G?4?
M\.MO^"9/_2.C]A+_`,1%_9__`/G?5_DX+_P46_X*#97_`(SL_;)Z'_FY[XV^
MK?\`4[T)_P`%%O\`@H-S_P`9V?MD=O\`FY[XV>__`%.]`'^L?_PZV_X)D_\`
M2.C]A+_Q$7]G_P#^=]1_PZV_X)D_](Z/V$O_`!$7]G__`.=]7^3D?^"BW_!0
M;#?\9V?MD<=/^,GOC9_='_4[T-_P45_X*"\?\9U_MD<L`?\`C)WXV<CDX_Y'
M?UYH`_UC?^'6W_!,G_I'1^PE_P"(B_L__P#SOJ/^'6W_``3)_P"D='["7_B(
MO[/_`/\`.^K_`";_`/AXM_P4&P/^,[/VR>0V?^,GOC;S@'&?^*WYQ0W_``47
M_P""@V?^3[/VR><Y_P",GOC;_>/_`%.]`'^LA_PZV_X)D_\`2.C]A+_Q$7]G
M_P#^=]1_PZV_X)D_](Z/V$O_`!$7]G__`.=]7^3@/^"BW_!0;Y/^,[/VR>=V
M?^,GOC;S_P"7O0O_``46_P""@V<?\-V?MD8X_P";G?C9W7)_YG?N0"?7`]*`
M/]8__AUM_P`$R?\`I'1^PE_XB+^S_P#_`#OJ/^'6W_!,G_I'1^PE_P"(B_L_
M_P#SOJ_R<1_P46_X*#8;_C.S]LC@MC_C)[XV<8Z8_P"*W[=J&_X*+_\`!08+
MQ^W9^V2/F/3]I[XVCH3C_F=^W:@#_6._X=;?\$R?^D='["7_`(B+^S__`/.^
MH_X=;?\`!,G_`*1T?L)?^(B_L_\`_P`[ZO\`)O'_``47_P""@V5/_#=G[9.=
MV,_\-/?&W.!MP,_\)OTIS?\`!1?_`(*#_/\`\9V?MD\;<?\`&3WQMXYS_P!#
MOZ\_7F@#_6._X=;?\$R?^D='["7_`(B+^S__`/.^H_X=;?\`!,G_`*1T?L)?
M^(B_L_\`_P`[ZO\`)O'_``46_P""@VP_\9V?MD=?^CGOC9[?]3O3V_X*+?\`
M!088Q^W9^V2,AL_\9/?&WG`X_P"9W[=J`/\`6-_X=;?\$R?^D='["7_B(O[/
M_P#\[ZC_`(=;?\$R?^D='["7_B(O[/\`_P#.^K_)Q7_@HM_P4&W$?\-V?MDX
M&<#_`(:>^-O8C'_,[TT?\%%O^"@W'_&=G[9/W3_S<]\;>V<?\SOVP/R'H*`/
M]9'_`(=<?\$R_P#I'3^PG_XB+^S_`/\`SOJ3_AUM_P`$R?\`I'1^PE_XB+^S
M_P#_`#OJ_P`G-?\`@HK_`,%!<#_C.O\`;(Z#_FYWXV?_`#;TQO\`@HM_P4&S
M_P`GV?MD]_\`FY[XV]E&/^9W[=O2@#_6/_X=;?\`!,G_`*1T?L)?^(B_L_\`
M_P`[ZC_AUM_P3)_Z1T?L)?\`B(O[/_\`\[ZO\F]?^"BW_!0;!/\`PW9^V1G#
M'/\`PT[\;,YPO.?^$WZT]?\`@HM_P4&(Y_;K_;(/3K^T[\;/[H_ZG>@#_6-_
MX=;?\$R?^D='["7_`(B+^S__`/.^H_X=;?\`!,G_`*1T?L)?^(B_L_\`_P`[
MZO\`)Q7_`(*+?\%!L_\`)]G[9/\`#_S<]\;?[I/_`$._KS]>>M`_X*+?\%!M
MF?\`ANS]LG.#S_PT]\;<\9Q_S._:@#_6._X=;?\`!,G_`*1T?L)?^(B_L_\`
M_P`[ZC_AUM_P3)_Z1T?L)?\`B(O[/_\`\[ZO\G'_`(>+?\%!LO\`\9V?MD<`
M8_XR=^-G'!Z?\5OQ2'_@HM_P4&R?^,[/VR>A_P";GOC;W?G_`)G?OWH`_P!8
M_P#X=;?\$R?^D='["7_B(O[/_P#\[ZC_`(=;?\$R?^D='["7_B(O[/\`_P#.
M^K_)Q;_@HO\`\%!L$_\`#=G[9.?FY_X:>^-N?O`?]#OZ<?3B@_\`!1?_`(*#
M;F_XSL_;)^Z?^;GOC;Z#_J=Z`/\`6._X=;?\$R?^D='["7_B(O[/_P#\[ZC_
M`(=;?\$R?^D='["7_B(O[/\`_P#.^K_)Q/\`P46_X*#9Q_PW9^V1C/3_`(:>
M^-F/X/\`J=Z:O_!1;_@H,<9_;L_;).2V<_M/?&WG@?\`4[T`?ZR/_#K?_@F5
M_P!(Z?V$^.G_`!B+^S_Q_P"8^I/^'6W_``3)_P"D='["7_B(O[/_`/\`.^K_
M`"<S_P`%%?\`@H+D?\9U_MD=?^CG?C9Z$_\`0[^H!^H![5''_P`%%_\`@H.8
MV)_;L_;))$DX&?VGOC:<`2R`#_D=^P``]``!P*`/]9#_`(=;?\$R?^D='["7
M_B(O[/\`_P#.^H_X=;?\$R?^D='["7_B(O[/_P#\[ZO\FX_\%%O^"@PSC]NS
M]LD?,W3]I[XV^W_4[TH_X*+?\%!MA/\`PW9^V1G.,_\`#3WQLSCCC/\`PF]`
M'^LA_P`.MO\`@F3_`-(Z/V$O_$1?V?\`_P"=]1_PZV_X)D_](Z/V$O\`Q$7]
MG_\`^=]7^3E_P\5_X*"\?\9U_MD?>;_FYWXV>_\`U._L/R'I1_P\6_X*#8!_
MX;K_`&R,G;D_\-._&S/)YY_X3?ODY]<GUH`_UC?^'6W_``3)_P"D='["7_B(
MO[/_`/\`.^H_X=;?\$R?^D='["7_`(B+^S__`/.^K_)Q_P"'BW_!0;#?\9V?
MMD<%L?\`&3OQLX_\O>HC_P`%%_\`@H.)(0/V[?VR<,_S#_AI[XVX/[B0\C_A
M..>0#SW`-`'^SS%%';QQV]O''!!!&D4,,2!(H8D&V...-=J)$B*JJJJJHJ^7
M'S]W\U?^"/O'_!/3X)?]C/\`M#?K^TQ\8C7^5DG_``47_P""@Q,^?V[/VR3M
ME(7/[3WQM.!Y<;8'_%;\#<2W'<D]37^G_P#\$#+R[U'_`()`?L-ZEJ%U<W^H
MZG\,_$&IZE?WD\MU>ZAJ6H_$WQS>ZAJ%]=3L\]W?7]Y//=WEW<227%U=32SS
MR/+([D'T?JORD?'?[4.C?&S_`()/_MW_`!>_X*'_``S^%'C7X[?L)?MEZ+X-
MM/VY?A[\*M(G\1?$_P"`WQ,^'>D3Z)H/[1?ACPI"!/KW@^_\/2W2>-H()$AM
MKRYUR]UJYT\/X6EKYMM?VB/^#=6R_P""6&L?L`I^WC?W/[,>N)?ZO/ILGB/Q
M,W[2MMJ4GQ4M?C-]GL]`3X70^(X-6M?'45O'96%S\/'MWLHI+26.ZC2YOE_K
M5KQN']G3]GRW\5OX[M_@3\&X/'$D[W,GC*'X8>"8O%<ER\HG>X?Q$FAKJ[3O
M.!,\K7AD:4"0L7&ZG;2_FE]]_P#(:=[MWNK._HTNWXGX*?L:^#OC+_P4T_;>
M^#/_``4+^(_PS\?_``0_8<_8L\!^)_!'[`?P]^+%LVC_`!3^.7C+QSH4/A;Q
M1^TQX[\+2P?\2#0KGPI%;6_A2V`M3>W-KX?U'2I[N&PUUKS^D^BBD)N_]>6O
$WG__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ecd-logo_2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ecd-logo_2.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1V217AI9@``24DJ``@````'`!(!`P`!
M`````0```!H!!0`!````8@```!L!!0`!````:@```"@!`P`!`````@```#$!
M`@`4````<@```#(!`@`4````A@```&F'!``!````F@```,0```!(`````0``
M`$@````!````061O8F4@4&AO=&]S:&]P(#<N,``R,#`X.C$P.C`X(#$T.C(Y
M.C,X``,``:`#``$```#__P```J`$``$```"^`0```Z`$``$```":`0``````
M``8``P$#``$````&````&@$%``$````2`0``&P$%``$````:`0``*`$#``$`
M```"`````0($``$````B`0```@($``$```!H'````````$@````!````2```
M``$```#_V/_@`!!*1DE&``$"`0!(`$@``/_M``Q!9&]B95]#30`"_^X`#D%D
M;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,
M#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0
M%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`=@"``P$B``(1`0,1`?_=``0`"/_$`3\```$%`0$!
M`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$``````````0`"`P0%
M!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(&%)&A
ML4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*S
MA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>GM\?7
MY_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%"(\%2
MT?`S)&+A<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B\K.$P]-U
MX_-&E*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#
M`0`"$0,1`#\`S?K']8[.A6=-P\/IO3;&6=-Q;WOOQ6O>7O:=[G/]O[JR#_C`
MSQSTKI`_]`V_^23_`%__`.4.E?\`IHP_^I<MC_%!TOIG4<_J3.H8E&8VNJLL
M;?6RT-)<^=GJM?M24XW_`(X.>?\`O+Z1_P"P;?\`R:)1]?,ZR^JMW2NDAKWM
M:8PV\$AO[RT/KUUWZDYO3W=/Z'TYF'U"C)'J6LQJJ98SU*[6BVGW[7.V+BL3
M^ET?\:S_`*IJ2GO/KG]:+.B?6;-Z5A=+Z6<?']+TS9B,<[WU57.W.:6_GV)=
M6^M-G[+Q>N=(Z7TMV#<11ETV8C'/QLEH]U5CFENZC)_GL6W_`*W8L7_&;_XN
MNJ?]8_\`;>A9_P!6^LT],RK:,]AR.D=09Z'4L8?G5G^;R*P0YOVG"L_3X[_I
M_P#"5;]Z2G0_\<#J'_E5TC_V#;_Y):OU:ZW]8?K+U+[!@=*Z,US6&VZVS$`8
MQ@(;N=M+G.<Y[MC&,;_X'[UR?7NC6]%ZB[$<\7TO8V_#R6_1NQ[-<?)9_P`8
MWZ7_``BZG_%/UAW2^J=0=<T#IIQ3?G9!_P`"*#^BL[OLW^J^GT*?TMCW_P#!
MI*=;ZV-^L_U8QJ\V_IW1,K#>\5NMJP]6/(EGJL>?:Q_YEG_J-<O_`..!U#_R
MJZ1_[!M_\DNY^N'UGZ?];?J_F='^K%[<[+VLOOH++&/?14[UK1A"YE?K9-3Z
MZ7^E_H/4]'U+EX](@'L>"DI[+!^M7UDZCO\`V=]7L#,]*/4^S]/]3;NG;O\`
M3+MN_:[:JUGU\ZI6]U=G2.E,L82U['80#FN!VN8]KG>US5ZK_BXQ!A?5'!Q[
M*3C96U]N14\;;)?99LMN9]/]+6QOI^I_@EYI_C9NZ?;];WG#+76,HK9FN9WO
M:7_2/YUC,?T*W?\`;:2FI_XX'4/_`"JZ1_[!M_\`))?^.!G_`/E5TC_V#;_Y
M)<S779;8VJIKK++'!K&-!<YSG':QC&M^D]RZAF#T[ZH@7=8JKZA]8"W=1TIQ
M#Z,8.'LOZHYL^M>Z?4JPJ_\`!_I+?YVKTTI]#^HSLG.P,+JO4.F8N!DW9;QC
M/HQVT%^,<=[V6#_">G;9O_XQB[A>>_XLNHYW4^F.SNH7.R,J[J]I?8\Z_P!$
MT:T?196W_!UL_1UKT))3_]#E_P#&!_RATK_TT8?_`%+ET7^)+_E+JG_$U?\`
M5/7._P",#_E#I7_IHP_^I<C?XO/K?TWZK9>;=GU7W-RJV,K&.UKB"TN<[?ZM
ME/[R2FS]?OKITWKN-^R\7I_V2[%S#8^Z6'>&"ZEW\VT/][K/47'8G]+H_P"-
M9_U35W'UP^O'U3ZUT2["Z7TVW%S+K&/]=]%+!#7>I9NMIMLMW/7#XG]+H_XU
MG_5-24]%_C-_\775/^L?^V]"YA>C]<^I>?\`6O\`QB]9KHM;BXN-]F.1DO&[
M:7X]7I,JIEGJV/V._/97L_/_`)OU,_K7^*Z_HM[+<WJV/3TB/TG4+6EKVN&O
MH5X+7V69%[V^^EE-GO\`3L_FTE,_J5T._P"N/1[^BY9-6/TM[;<+J(`<^EUI
M_6,#TG%OJT9#&ON]KV?9[O\`2?S:T_K%_B^ZWTOH=/1/J_4>H59N0;^HY.YE
M5CC6/U/'L8]S*V8E3=]GNLM_6?\`0?HU2^J_U\^KGU5O=A8&'DW]/MURL^QP
M]>RP"&6587MHIQVN]3]'ZOK>F_WO_1>FB?XTOK8.L8'2L;"KCIN96,]M[M'N
M>TVXOV9S![&?9O?ZWOM]_I_Z/](E.9]7/JK=T_K_`$[)ZIU+`P33E5$XXRFV
M9#B'>VIK,3U=OJ._1O=996Q>UY=6']F+LD5LIH_3>I8&[:C7^D;D?I0ZNMU$
M>IZG^#7@WU?Q<7I'3S]:^HUML+'FOHN(_07Y+/I9;_HN?A8#OYS9_.Y'Z'UJ
MU<Z;UOK/U@Z%]8.E]0S+<JQF*.HTNLL=#?LUK;,JO:'-:^NRFW^CO_1,]*OT
MV?HF)*<_-P?KGTCK-/4LNK(/4+KJ[:,IOZ9E]A<UU#&74&VG(WPS]7_\#6S]
M:_\`%Y]8G]>R<KI?3WOP,ZX64D.K&QUP%UM=M;;/T%=%SK:_4_F50_Q;=8ZA
M@_6GI^+0^^S$RK2R[#J<2QV]CV>N^GZ&W&_I%MG^BJ7KO7OK)T&KZN=0SC;5
MU+$KI++J:+&V!XNG'KJ>^KU/39?8?2]1)3Y!;U+IGU7J.-T&UN9UL@LRNMB#
M53/MMHZ.UP_._F7Y[_S/4]#^?_0\P7E[G/<XN<XDN<3))/+G$KTG_%OT[ZD=
M3ZT;:<?)&;C5&UF'FOJNI!W-9ZU#F,I?:^F?\-3^CW^K_.KHO\;G3.F7?5>W
MJ-S&MS\5]0Q;=`]V^QM=E$_2L9Z3K+/3_D;TE.;_`(HO^0&_^G:W_P!LPO2U
MYI_BB_Y`;_Z=K?\`VS"]+24__]'E_P#&!_RATK_TT8?_`%+E;_Q8?53`^L/5
M<FWJ3/6P\!C2ZF2T/LM+A3ZFWW^FQM5K]K?\)Z?^#_1JI]?_`/E#I7_IHP_^
MI<NM_P`2!;Z/6&CZ0?CD_`B[;^1R2G)^N%_^+;)Z5FLZ%2RCJN(]@I<UME;;
M`+&UW^C_`(&[V?Z3_C%PV)_2Z/\`C6?]4U".CB'?2DR._*+B?TNC_C6?]4U)
M3ZK?]=\/ZL_XP.O8_4:WNQ,S[*X6U`.<Q[,>IONK]NZNQK_[&Q9O^-/ZU5]7
MZ1TFOI]9=TS-<_*9E/!:7/H<_%=CM8[W,])S]UW_`%KTUSW^,W_Q==4_ZQ_[
M;T+6^I?U3SOK3]5,S"N<,?&IRV7=-RWMW$6[?3ZA6UO\X['?5Z/Y[*_M'_7$
ME/`G02O:NA_XNNDYGU1Z=A]8?;E/:TY53VO+/0.2*[;L;'V2ST?;_A/4WV^I
M;[/47#]1^I>#]5;S=]:,H9-1)^Q8.$2+<G;#IOLL;^I8NOIW/]]W\YZ*Z+`_
MQF]0Q/J>_J1P<7V9?[.Z?C5.<QM;&4^LU]C#ZCKJL;]!7^C=1ZG_``22GD/\
M8@RZOK3DX61L;3@MKHP::I%=>*&-?BU,:[W;]COT_P#P^_9^BV+0_P`5?0,G
MJG7K,P/#<+!K+,MKAN%K<AME'V79+?;97ZKW/_P>Q5.O8[/K+1?]:>F.?9E-
M`=UKI[R7V4EK0W[;B_2LLZ7M_P#8/_B/YBW_`(J_K!D],^L'[/96+<;J8B^7
M!GI^BU]WVK>[V[*J?6]1B2G6^M'U6'U$Z'D9/1G67OZB]N)?FVD>KCT$;O1Q
MQ4UGNR[&[+LC\ROTZF5?X9<A]3LS'HZN,#,D].ZNTX&8QH!,6^VBYF[=MMQ\
MGTK66;5V/7_K;A_7_$?T'IOJ8&2'LOPF9)8UN6Y@?OPWN87-QKO=OQ=UOI76
M_H[/26)]1NFYW1OK)A=6ZW@9&'TZHO8[+R*7LJJ>]KJ:;+WO;MJ9ZSO3]6S]
M'6])3/I?0.K_`%,MSOK#U2DU6=+:ZCIW=M^3?OQ:[F:>_%II]2^S?Z7^#7-]
M5^L/6^L[!U3-MRVU:L8\PP'C<*V;:]_\O:O=OKODX-/U0ZI9F-%M#L9S6MC?
M+[(JQG-Y^CD64N]7_!?SJ^>.R2GUK_%%_P`@-_\`3M;_`.V87I:\T_Q1?\@-
M_P#3M;_[9A>EI*?_TN7_`,8'_*'2O_31A_\`4N2^H'UOK^JW5+K<FM]V%F,%
M=[:XWM<T[JKFM=_.;-UC-FYG\XE_C`_Y0Z5_Z:,/_J7+4_Q6?5?H7UA=U7]L
M8WVK[+]G]#])97M]3[1ZG\Q95NW>E7]-)27ZY?6[ZE9_2,K#Z'T_T\[.<Q]N
M4**Z?HO9<_U+/YY[G[/S?S_TBX3$_I='_&L_ZIJ]+ZC]0_J?U[HF3U'ZEO<W
M(Q-P]'=:6O>P;WT/KS?T]=KV_P`R_P#FUYIAF<J@_P#"L_ZIJ2GHO\9O_BZZ
MI_UC_P!MZ%U?^*7ZX8S*:_JME,+;G/L?@VM$M<"'9%M-O[CV;;'LL^@_^1Z?
MZ7E/\9O_`(NNJ?\`6/\`VWH6M_BJ^J_5,KK%'UA`;5T_#=;7O>3NL>^JRC]`
MR/<VEUK/4L?L_P"#_/24W^H=:Z+]?_KUTGIL.=TC$]8ASIK=>\M]5S1_A&4O
M^S5-_P!+L]3^;7:_6KZJ]"SOJWDXCZ:,*K&KLOQ[F-%3*+&L)]8^BW^:]OZ?
MV^^M>9YO3F?XO*P+"S+^LV4UQQ+VM)HQ:"75_::O5:SU<ZS;^C]GZ#_VYL?5
M;ZU?6CZS]8HZ!U.]F=T[,997ETVUL9-087/M]:BOUOM%>W]`[_3?]N)*<OIW
M0NJ](S*NH=(ZWTB[)9]%E>8QI>#]*BVK,&-ZE=OT=B]0Z9_B]^K^/5D9!QCC
M9O4<=]61Z-A+*/M#-F53@`_HV5M<7^B]]7_@?Z-<[]9O\4G1,7H61E]+MN9E
MX53KCZS@]MK:VFRQCX:S98]K?8^M5?J/_C&ZSDUL^K]E->1F#&M;TW(<2"^V
MJIUN+1E-EK'[O3]/U?4I_P"W/TB2GCLKI6+]7/KDSIO4W^MAX.72<BP`^Z@F
MN_>6,E^[[._](RM>_P"3E=/'3K,O)LK=T\U&RRQQ#JG4ENYSOSF65/K_`,]?
M/_1,6[ZS_6/U>J7%U5A?F]5RG2`VBH>KE/<6#]"S:/L]7M].O?6BM^N&0?K6
M?K!97.,^PMLP="PXA;]E.'Z?MI?^I^SZ'\[^D24TNB];;T;JYS::O6P;!91D
M8EA,6XELMLQK-?\`1^YO_#+I^I_XH^OU#(RNE.KR<,'?BT6.<S*=6Z'-9979
M574V^IKMMFZRO^;_`)O_``:YSKW36?5_KVV@^OA37F=/L=Q=C/(OQG;H;O\`
M;^AL]G\Y6O;L_P"O/U:Z;4X]0ROLV36QC[,%XG(:;&-NKI=17O\`TNU[=WN]
M)G^D24\K_BD:YG0@UX+7-ZO:'-<(((Q-6N"])7G_`/BXSAU'%RNH!GI#,Z]E
M7BLF2WU<8V[-WMW;=Z]`24__T^7_`,8'_*'2O_31A_\`4N74_P"([Z77/_03
M_P!VURW^,#_E#I7_`*:,/_J7+1_Q8?6SHOU;/5#U6U]7VO[/Z.QCGSZ?VCU/
MYL';_.L24[W^)?=ZW7R>/5HCXSE2O+L2/ME.WCUFQ_GA>C]1_P`8?U7Z1T/(
MZ7]3<:RJ[*+CZ[FN:QAL&VW(WVO.19>UO\Q_@V?\75Z*\XPQ&50/^$9_U34E
M/>?7WHW1O^=?4>H]8ZNS&9::?2P<5OVC+=LIH8_U*]U=6%N^G2_(?^D6Q]3/
M\9'U2Z=T]O1[&7=-Q,/=]EMO)O-C7.=:]UWV:K]%<Y[WN]/9Z7_"+C?\9O\`
MXNNJ?]8_]MZ%S"2GT/K^77_C)^MN'TSH[C7A8E5A=EV-(.TEIOO;4=K]GMIK
MH99Z?Z3^<]-;3OJ#B?4H/^M/3[\G-MZ7199]D?L:'N<WTW6/M:&;<>FI]EMM
M.WU/^$_,LXK_`!=9&7@_6!W4ZGMJP\''LNZE8\2/LP`W5M;+-U]MOI_9F[OY
MW\RQ=+]8/\<&+FX7V/I_3#;7D-+,UN;HTUN!;932,6S?N?N_I&_]'_H4E-;J
M7^.7)S<,XC>D4BN\&O+%USK&V5/!9=56*F8SZG6-=_.;[=G[BJ?5KH.!U7KN
M!U3ZJW^B_%R:LC-Z3ENBRBMKFNM=C9/N^W87TL??L^T,_0>O_.KM_J?]3/J?
M;T>KJ=?366CJ3!?Z>66Y/HAXG[+198P?HZ/H,LV?:/\`2V+%R<WZJ?XN/K;L
MQ\3(L&?1OR+&VAS<>M[W[:<;&VM=9NMH8^SUK]]=7\TDI!]:/J1G?5_HG5#T
M6M^?^V,IHO\`39^DHQ=_JTXE%3-]MOJ9#V5Y%K'?S;*_U=<71]2?K7=4^X].
MLQJJ_IV9A9BM$_\`AU]&[C\U>B_73Z_8^7]4K<CZMW6N-N0S&NRZRZFS'.F0
M';?9?^L-9Z-=G\U_._I?\&O(LC(R,JPW95K\BT\OM<7N/]IY<DI^@_J]]6.C
MX?0^F8ME-&>[$I::\I[66^Y[OM3[,>UP=MJ=D.]6G9_P:\6^O>%5@?7#JF/5
M8ZUOK"W>\[G3<QF2]A?^=Z;[?36S]6_K;U_IOU+ZO]GRW#[';B4X!>UK_2]9
MUSL@,]1KO:YE3=C'[_3_`,&N+MMMNM?=<]UMMCB^RQY+G.<X[G/>]WN<YR2G
MU?\`Q1?\@-_].UO_`+9A>EKS3_%%_P`@-_\`3M;_`.V87I:2G__4J?67ZO=*
MZD_I>1E]=Q>F6CIF(S[/<"70&;M^CF_2W+'_`.9GU?\`_GLP/\T_^E$#Z_?\
MH],_]-.'_P!05F8'U9^L'4<<96!T[(R,=Q(;<RLECB#M=L=^?M=[?:DIVO\`
MF9]7_P#Y[,#_`#3_`.E%.GZG_5^NZNS_`)UX!V.:Z-I_-(=_I%AYWU7^L73\
M9V7G=-R,?&KC?<]A#6[CL;N=^;[G;56S^D]2Z=Z1S\6S&&0W?0ZQL->V`[=4
M_P"@_P"FS<DI[CZU=&^K?7OK!E]7K^L^#0S*].*G`N(V5UT?2#V_Z-9/_,OZ
MO_\`SV8'^:?_`$HN=P>E=1Z@V]^#C69#,5GJ9#V-EM;8<[=:_P"@SVUO_P`Q
M6L+ZK?6//QVY6'TS(OQ[-66LK.UPXECC&YJ2GK7]%^KE?U=9T3#^L^#4;[OM
M'4KS,W.9[<7':UKF_JF/_.>G;ZGZQ^F_1K*_YF?5_P#^>S`_S3_Z46)U#ZM=
M?Z;1]IS^G9&-C@@&U]9#`3HW>_\`,W?RD7'^J'UGRJ*\G'Z7DVT7-#ZK&LEK
MFN&YKV_R7)*>X^K^59]7\-V#@_7+IK\4DNKINK+Q67:O=3^D:YFYWO\`3_F=
M_P"D]/\`2+&ZA]7.F=3S;<_.^N.%?DWNW66.:?DUHW[6,9]%E;?H+GLSZJ?6
M3!QWY67TS)IHK$V6NK.UH_>?'T6JBS!RWXEF<VEYQ*7"NS(CV![OHU[_`*/J
M?R4E/==&Z)]7<#'ZA@Y'UHP;L+JE'I7,:""VRL^KAY+??[W8]WYO[BR_^9G0
M._ULP)_JG_R:Q\/ZJ?63.QF96)TS(NQ[1-=C:SM</WF_R4/J7U=ZYTJAN3U+
M!NQ*7/%;;+6[07D.>&?YK'I*>MIZ!]7:N@9/21]:,'U,G*IR#;!C;2RUGIEN
M_P#?NWK._P"9GU?_`/GLP/\`-/\`Z4697]3/K78QMC.D91:\`@FLC0^3E3ZE
MT3J_2?2_:>);A^ON]+U6[=VS;OV_U-[$E/KW^+_I>'TOI=5&'U&GJE;^I6/-
M]`(:''%+349+O=[=_P#;7<KS7_%%_P")]G_IWN_]LVKTI)3_`/_5Y7Z__P!/
MZ;_Z:</_`*@KKOK/]9NL_5[ZG?54]'R!B.R<.OU3Z=;YVT8[AI<RQK?=8N1^
MOW_*'3?_`$TX?_4%:/2/\:O5NG=*QNF78>/FLQ&BNFRR6NV,&RECVL]FZIGZ
M/U/W/^$]Z2GH/J']:.N?6/IWU@HZUD#-JJQ1L!JK8!O;D-L:?0KJ:[U&M_PB
MS&%OUD_Q3N:9MZA]7'R-9=Z33\/;0W!LV_\`H&JO4_\`&SUG,Z=?@XV'CX!R
M6EC[ZBXO#7#:_P!/Z+6V.;[?4_,6%]4_K?U+ZJY5UV$RNZK):UN11;.UVPGT
MWM>SWLLKW6-_<_2?S:2GI\LCZM_XIZ*&'T\[ZQ6>I9#H<:G_`*3<R/=Z/V.K
M'IL9_P!V?^$6I_C#^M'7?JY3T6CHN2,*FW&.]@JK>/8*FL:WUJ[-FQKOS%P7
MUI^MG4_K1F,R,_9770TMQ\>N=C`[;ZCO=[W/LV-WN6_T[_&UUC%Z?1AY6%CY
MSL=NQM]NX.<T:-W@>W?L_.24[?U:^L76?K%]2OK0_K-XRSCXMHI)KK8!^@NL
M_P`"RMKO>UCDNL?6+K'0/\77U<NZ3>,:VYM;++-C+#M%;W;-M[;&?2_DKG^M
M?XT^L=3Z7?TRG$Q\&K*:67V52YQ8X;;&-W>QOJ,_1O?^XL'JWUESNJ=.Z=TR
MP-JP^EU"NJMD^YX&QV187?GN;^9]!B2GO?J']:_K!]8*NMX_6<H9=-.$YS&.
MJJ8)<'M=/HUU[VN;^:]8M[6M_P`3>.0`"[/)<1W.ZULG^RU<W]7?K'F_5_*N
MOQ6MM9E4NQ\BJR8<QW=KF_0L9^8]2?\`6;+?]5:_JP:J_LU>1]H%^N_7<[T]
MOT/IO^FDI]!_QC_6SK_U?MZ7C]'RAB578VY[154\$@M:W^>KLV-V_N+A?^>?
M5>H=:Z;U#K^0[J%'3KV6^B&L8-C7-LLV55-HJ?;[?\(M_%_QO]8KPZ:,O!QL
MRREH9Z[]P+H&W>YGN;ZCO\)L5#K/^,"OK3\-^;T7$<<&X7,@F'`?3Q[06^^B
MSV^I7_(24]IG_7#IV;E.RNG_`%T'3L6P-V8APF6%D-#7_I,BKUO>\;_>N0_Q
MA=-ZHZO`Z_=U8]<P,UOI497IBD5D2\5>A7^C;ZNU[OH^I^BL]57O_'ASN/V/
MA_>[^Y<_];/KOU/ZT>A7DUUXV+BR:\>F8W$;?4>7?2VM]M?[B2GN?\47_B?9
M_P"G>[_VS:O2EYK_`(H__$^S_P!.]W_MFU>BUY6-;;937<Q]M,>K6UP+FSQZ
MC`=S$E/_ULWZR8GU7R;>G6=6ZADX.2.FXC1370VUI8&>RT6-L_/_`'%D?LSZ
M@_\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_["#_`-*)?LSZ@_\`EWF?^P@_]*+D
MTDE/6?LSZ@_^7>9_["#_`-*)?LSZA?\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_
M["#_`-*)?LSZ@_\`EWF?^P@_]*+DTDE/6?LSZ@_^7>9_["#_`-*)OV9]0?\`
MR[S/_80?^E%RB22GK/V9]0?_`"[S/_80?^E$OV9]0?\`R[S/_80?^E%R:22G
MK/V9]0?_`"[S/_80?^E$OV9]0?\`R[S/_80?^E%R:22GVK_%_3TNKI+,?HV3
M?DX[^H7..996VO9:<0M](5%[WOV-].W=Z?II?52MK>JX8;=OM!<7.(C2NFRK
M+;C^W[78S,RW,RNJ?M!F/]GZA773?_E#TEXJDDE__]G_VP!#``$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0'_VP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`&:`;X#
M`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`
MM1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#
M!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1
M`Q$`/P#]]O\`@F3_`,$R/^"=?Q%_X)V_L-?$#Q]^PU^REXQ\<>,?V4O@1XF\
M6>+?$_P(^&VN>(?$?B+7/AKX>U'5M:UW5]0\/W-YJFK:C?W,]W>W]W/-<7%Q
M<3,\S&:0M]T_\.EO^"7O_2/;]C;_`,1T^%?_`,S%+_P27Y_X)??\$]CZ_L;_
M`+.O_JJ_#%?YRG_!3W_@I_\`\%'/AW_P4<_;H^'_`,/_`-NO]JSP5X&\#_M6
M_''PKX.\(>%?C?X\T'PWX8\-:%\0-;T_1=#T/1M,UFWT_3=,TO3X8;*SMK6&
M..*")``[%W8\OZM_5@]?\S_1J_X=+?\`!+W_`*1[?L;?^(Z?"O\`^9BC_ATM
M_P`$O?\`I'M^QM_XCI\*_P#YF*_RK?\`A[E_P5+'_.1+]LP`CO\`M#?$P\^V
M=?X^G6C_`(>X_P#!4S_I(E^V8#_V<-\2\$X]/^$@_P#KX%+7R^__`('K_3T>
MGG]W_!]?Z>G^JG_PZ8_X)?\`_2/?]C?_`,1U^%?_`,S%)_PZ6_X)>_\`2/;]
MC;_Q'3X5_P#S,5_E6G_@KC_P5,_Z2(_MF'H?^3AOB7V/J?$`&>X]#2?\/<O^
M"I@Z_P#!1+]LPMVQ^T-\2^A(X)_M_';]*>O]/_@!IY_=_P`'U_IZ?ZJ?_#I;
M_@E[_P!(]OV-O_$=/A7_`/,Q1_PZ7_X)??\`2/;]C;CI_P`8Z_"OC_RV*_RK
M/^'N7_!4SM_P42_;,)''_)PWQ+QGOD?V^,@<=C^%+_P]Q_X*F#K_`,%$_P!L
MOKQC]H;XE@8&>X\0<\?A_.EKY??_`,#U_IZ&GG]W_!]?Z>G^JE_PZ6_X)>_]
M(]OV-O\`Q'3X5_\`S,4?\.EO^"7O_2/;]C;_`,1T^%?_`,S%?Y5O_#W'_@J9
MU_X>)?MF#CO^T-\2_7GC_A(,<<<]*/\`A[E_P5,YS_P42_;,[=/VAOB7DY]A
MX@R*-?+[_P#@>O\`3T-//[O^#Z_T]/\`52_X=+?\$O?^D>W[&W_B.GPK_P#F
M8I?^'3'_``2__P"D>_[&_P#XCK\*_P#YF*_RK/\`A[C_`,%3/^DB7[9F<_\`
M1P_Q,_3_`(J`X'MZ=:/^'N/_``5,_P"DB7[9G_B0WQ+S[`_\3\YYZGM1KV_'
MT\O7[O,-//[O^#Z_T]/]5/\`X=,?\$O_`/I'O^QO_P"(Z_"O_P"9BC_ATO\`
M\$OO^D>W[&W3'_)NOPKZ>G_(L=*_RK/^'N7_``5,QG_AXE^V9@C@_P##0WQ+
MY]O^1@'/(Q_3C/\`1-_P;`_MZ_MM_M(_\%*M:^'7[0?[6?[0GQL\`P_LS_$_
MQ'%X/^*'Q8\8>-O#D6O:=XJ^'=MIVLQZ/KVI7M@NI65K>WT%K>"%9[:*\N8T
MD*3/EZ_T_P#@>O\`6Q_6W]>?];?V6_\`#IC_`()?_P#2/?\`8W_\1U^%?_S,
M4?\`#I?_`()?#I_P3V_8V'T_9T^%8Z?]RQ7QG_P<;?&OXP?L^_\`!*/XW_%#
MX%?$WQQ\(OB/HOC3X*V>D^.OAWXEU3PAXKTRTU?XJ^&-,U>VL==T6XM=2MH=
M3TV>>QOHH;A%NK*XFMYB8I2H_P`W?_A[C_P5+Y_XV)?MF>F?^&AOB7W.#C_B
M?G'0'ZXSB@/ZV\_EY_U>W^JI_P`.F/\`@E__`-(]_P!C?_Q'7X5__,Q2?\.E
MO^"7O_2/;]C;_P`1T^%?_P`S%?Y5O_#W'_@J9S_QL2_;,'O_`,-#?$L=?^Y@
M_,\>M?TM?\&X?_!>7XJ3?'^Z_8O_`&]/C1\4/C%:_M%>*O#=E^SK\7/B3XGO
M/&NL>"_BW>9T1?A=KVIZK:WOB>\\,?%EYM#LO"=V^N3:;X-\::3#81^'_L7Q
M#U[Q+X>6O;[M?T]?Z=@]-_Z\_N[_`(']?/\`PZ8_X)?_`/2/?]C?_P`1U^%?
M_P`S%)_PZ6_X)>_](]OV-O\`Q'3X5_\`S,5^/?\`P<I_!W_@HGHGP?\`#W[:
M7[`_[2?[2_P]TSX'^$]5TW]H[X0_!KXK>+O"FE7GPVL-0O->LOC+HW@_PN]E
M_:.K^"#J6NQ?%#5I;R\NU\`6WA_5A8V.B^"-?U"OX,?^'N7_``5,(!'_``43
M_;+((R#_`,-"_$H@CG&"/$/.000?_K4^VUFK[_U_5NC%IYZ:/1I;)Z-VOH]U
MI=-7NG;_`%4_^'3'_!+_`/Z1[_L;_P#B.OPK_P#F8I/^'2W_``2]_P"D>W[&
MW_B.GPK_`/F8K_*M'_!7+_@J7_TD2_;+SW_XR&^)1QGC'_(P?Y/O0?\`@KE_
MP5-[?\%$_P!LOH?^;AOB7V_[C_8]:!Z>?W?\'U_IZ?ZJ7_#I;_@E[_TCV_8V
M_P#$=/A7_P#,Q2_\.E_^"7W_`$CV_8V_\1U^%?KG_H6/7GZU_E6?\/<?^"I8
M_P"<B7[9G_B0WQ+[G_L8/6@_\%<O^"IG_21+]LS_`,2%^)9_3^WSGW]*7W??
MZ7Z?UIM<-//[O^#Z_P!/3_53_P"'3'_!+_\`Z1[_`+&__B.OPK_^9BHO^'2/
M_!+C_I'C^QE_XCC\*?\`YEZ_RL#_`,%<O^"I8/'_``42_;-/U_:&^)><`\CG
MQ!\Q!SCV].Z_\/<O^"I8(S_P42_;,_\`$AOB7C\_[?QV_P#K4?U^7E_7Y&GG
M]W_!]?Z>G^JE_P`.EO\`@E[_`-(]OV-O_$=/A7_\S%'_``Z6_P""7O\`TCV_
M8V_\1T^%?_S,5_E6?\/<?^"IO4_\%$OVR\]?^3A_B9C]=?XX_'K[UZ[\'/V\
MO^"X'[1/B:+P7\`_VK?^"CGQI\5S221)X?\`A?\`$SXV^-M4#1VEQJ$_FVWA
M^_OFA6"QM+J^G>4H(;.TNKR8QPVT\B/7MK_DKOIZ_+43:6[MJEK;=M)+?=MV
M7=V773_3V_X=+?\`!+W_`*1[?L;?^(Z?"O\`^9BC_ATM_P`$O?\`I'M^QM_X
MCI\*_P#YF*_SK_%NI?\`!T'X$\-ZCXN\6ZO_`,%?M&\-Z/I%YK^L:Q)J_P"T
M+=VFBZ)IT4]UJ&J:S]@N+F;2K33[2VN+W4'OXK?['9P27<VRV7S3\`W'_!6K
M_@JI9W-S9WW_``4*_;3M+NVE,-S9W?Q^^*%M=VTJG8T5S;S:XDT,JL/WB21Q
M[0.0,9I?U^7EZ_UL]//[O3S]?P[Z?ZIQ_P""2W_!+T_\X]OV-OP_9T^%8_EX
M8%'_``Z6_P""7O\`TCV_8V_\1T^%?_S,5_E6?\/<O^"IO7_AXE^V61GM^T-\
M2\XR.,?V_P`'_.*7_A[C_P`%2P/^4B7[9GX?M"_$O///_0?SDD\YY]:8:>?W
M?\'U_IZ?ZJ?_``Z8_P""7_\`TCW_`&-__$=?A7_\S%'_``Z7_P""7W_2/?\`
M8W_\1U^%?_S,>Y_.O\JS_A[C_P`%3"#_`,;$OVRSVP?VAOB7W'0_\5`><9^M
M+_P]R_X*F#_G(E^V9_XD-\2_U_XJ#&/K0&GG]W_!]?Z>G^JE_P`.F/\`@E__
M`-(]_P!C?_Q'7X5__,Q2?\.EO^"7O_2/;]C;_P`1T^%?_P`S%?Y5G_#W+_@J
M9Q_QL1_;,.<E?^,AOB3D'!_ZF#TZ=>^>O*_\/<O^"IO4_P#!1+]LSO\`\W#?
M$O..W_,P=3Z>_P"%+7R^_P#X'K_3T-//[O\`@^O]/3_53/\`P27_`."7QZ_\
M$]OV-C]?V=?A7_\`,Q2?\.EO^"7O_2/;]C;_`,1T^%?_`,S%?Y5O_#W'_@J7
M_P!)$OVS/_$AOB7QQ_V,''%'_#W'_@J9G_E(E^V;Q_U</\3.F/\`L8,$_G]:
M-?+[_P#@>O\`3T-//[O^#Z_T]/\`52_X=+?\$O?^D>W[&W_B.GPK_P#F8H_X
M=+?\$O?^D>W[&W_B.GPK_P#F8K_*M'_!7'_@J8<X_P""B7[9F/;]H7XE`CGO
M_P`5`1GGGU.<YS1_P]Q_X*F=?^'B?[9A&1_S<+\2_;_J8.QYS_*C7^OEY>O]
M7L:>?W?\'U_IZ?ZJ?_#IC_@E_P#](]_V-_\`Q'7X5_\`S,4?\.F/^"7_`/TC
MW_8W_P#$=?A7_P#,Q7^59_P]Q_X*F=3_`,%$?VS.Y_Y.&^)9QVX_XG_<?CS^
M%'_#W+_@J9S_`,;$OVS/_$AOB5SZ8_XJ#H>W2C7R^_\`X'K_`$]#3S^[_@^O
M]/3_`%4O^'2W_!+W_I'M^QM_XCI\*_\`YF*7_ATQ_P`$O_\`I'O^QO\`^(Z_
M"O\`^9BO\JP_\%<?^"IG_21+]LO\?VA?B7CTZ?\`"0#/7\\'K1_P]R_X*F?]
M)$OVS..O_&0WQ+_F?$`R..M&OE]__`]?Z>AIY_=_P?7^GI_JI_\`#I?_`()?
M#I_P3V_8V'_=NOPK_P#F8I/^'2W_``2]_P"D>W[&W_B.GPK_`/F8K_*M_P"'
MN/\`P5,P<_\`!1+]LS'/'_#0WQ+/'T_X2#O0?^"N7_!4S&1_P42_;,QGG_C(
M;XEG`QD=/$'7\.G/2G_7]:?UMZ&GG]W_``?7^GI_JG?\.D?^"7'_`$CQ_8R_
M\1Q^%/\`\R]2_P##IC_@E_\`](]_V-__`!'7X5__`#,5_E5_\/<O^"I8!/\`
MP\2_;-Z?]'#?$S/4]SX@S_A^5*?^"N7_``5,QG_AXE^V9CIG_AH;XF`<\]?[
M?X]CZ\=:6OE]_P#P/7^GH:>?W?\`!]?Z>G^JE_PZ6_X)>_\`2/;]C;_Q'3X5
M_P#S,4?\.EO^"7O_`$CV_8V_\1T^%?\`\S%?Y5H_X*X_\%2QG_C8E^V9D\C_
M`(R&^)G/`ZYU_J.A^GUJ*7_@KI_P5.CB=T_X*(_MF%EP<?\`#0WQ,88RNXG_
M`(J`'`!)//3YJ-?+[_\`@>O]/0T\_N_X/K_3T_U5O^'2W_!+TC!_X)Z_L:GD
M''_#.GPKQD'(.#X8X(/([@UQ/_!&K3M/T7_@G%^S]HFCVEMIND:+JOQVT?2-
M-LH4@LM,TC2OVC/BYI^E:;96\>([6QT^QMK>RL[:)5C@MH(H852&(`??'PBU
M"]U3X4?#'5-3O+B^U'5/AYX*U"_O[J5KB[O+Z\\-:;=7=W<3.S237%Q/,\TT
MTA9Y'=V<\YKX6_X(^?\`*/3X)?\`8S_M#?\`K3/QCIAT?JO_`&X_3&BBB@04
M444`?GM_P26_Y1>_\$]O^S-OV=/_`%57ABO\JW_@KCS_`,%3/^"B.<9_X;+_
M`&AL]<9_X67K^1UP<<CO@^M?ZJ?_``27_P"47W_!/?\`[,W_`&=?_55^&*_R
MK/\`@KB/^-IG_!1/_L\S]H;GMC_A9?B`^O;/M[4NJ]'^<0/SQ^I&/IG/!SCG
M`&/KW//=#D9QPWL.H&!SG\.>WYTH.>?YGN"?J/Q']*0D@$\<8XSV_+N>,XY'
MIV/Z_+_@WOJ`''?'!'0\CIGD_P`_3'>EXQ[#MQZ=^W?/:DZCIG/&!WY./4#Z
M_P#UJ^N/A)^P'^W/\??!&F_$OX'?L>?M*_&'X=ZS=:G::1XX^&GP7\?>-/"N
MI7&CWT^FZK!8ZYH&AWMA<O8:A;W-A=K',P@O;6YMR3);2*C`^2#SV.#GL,9S
MZ8Z\Y].](#Z\=L\<^F#W_+^M?H`/^"4'_!4`DX_X)W_MI8^4?\FW_%;J=V!_
MR+'6G'_@D[_P5#4.3_P3M_;4"Q`B0G]FWXL`1@*'.\_\(QA,(P<EB/D*M]T@
MT#L^S_K_`(=?>?G[GGJ"`.1Z''!!_7O^O"\=^<9/N,\_TX],<5]_?\.H/^"H
M'./^"=_[:.3T_P",;_BMW_[EG(.6/H?RKXO\??#[QW\*/&GB;X<?%#P?XE^'
M_P`0/!FK3Z)XL\%>,=%O?#OB?PUJ]N$>;2];T74H(+_3KV))(I)8+F))0)`V
M%4J`"L^QR/)P,<Y&,\=>,>F0/U/IB@?F.W?IC/..O/\`^KFD/7\`/J2>,\\C
MVZ<GGK@/;'4X&>O3KR>3T/O^-)?UY^>M_P"M``\?ECIGN./7GZU_4)_P:+?\
MI7M>Z\_LG?%H\\X_XJ_X9<9_SWQ7\OF?7^A`QSR>QS_+MS7]0G_!HL?^-KVO
M8_Z-.^+6>XQ_PE_PQ/T';!/T'6G_`%_7K_30']8__!TO_P`H9OV@O^Q\^`N/
M_#P>$J_RL\`?_7)P!['L2<?3G%?ZIG_!TO\`\H9OV@?^Q\^`O_JX/"5?Y6@_
MIZ\\Y';!'Y"C^OO_`."`G!X/UZ]\GC(QG&/TSS3XI[BVFBNK2>:WNK>:&:VN
M+>9[>XMKB"02PW-O,C"2":"4)+%/&1-%(BLOSHE,'!.<>_0`_7G/<>GZT`>X
M]O\``X.#P>/S%+]?^&\@/]2G_@WQ_P""L>B_\%/?V5M2^`_QVCTC4?VFOV>_
M!/A[P-\6;#Q'J=OX@/[0'PQN],?PKIOQ@N-&\2ZAJ6MZ]?:W%:+HGQP6\AU7
M0QXUUBPU9[K3[#XB:-X3T7^,;_@O[_P20UC_`()D_M0OXK^'VF6C?LD?M&:[
MXO\`$_P-ETV6YE'PYU"SOK74/$OP5UN&_OM1U>%O!L6NZ6_A#6]2O+J'Q5X6
MNK9H=0N=<T;Q18:/^6O[%/[8/QA_8+_:<^%O[5'P,O;*'QY\,]6N9VTO6K:.
M]\.>,?"NM6=QHOC#P)XFLCM>?0_%GAO4-1TB:ZM'M-8T2>:VU_P]JFD>)-*T
MK5[3_5!UO3/V2/\`@X#_`."7=O;VVJV$GP^^/7A'2-4@U+3(M-\2>-?V<_CO
MX=CMKVYL`-6L-/N;'QU\,O$\EWX?UIH+;P\?&G@V^U*/1]33P=XZM-5O6MDF
M]+K5K1-Z-Z)M+J[7^=E9-*[G9N2C;1ZM+5+5J+=U[KEI'FE9Q4F?Y#(/`SW(
MY_H,#!ZCFCK_`%Q@\C''/?ZC\J^C?VN?V6?BO^Q3^T=\6?V8/C3IHLOB!\)/
M%>H^';N^MK;4K70_%NCQRF;PUXZ\+/J]CIU_=>$/&^A2V'B3PS?W5A:3W>D:
MC;R36MO<+-;P_.1Y_P#K_AP>_/TI:?EU^[^NOS&(`3SGG&".WKCD>XH^I.,G
M&1S@<CN>F.^<_ED!'Y8!`Z9/)Q@$Y&#[49)[#!/7KT'!X]_<=N_0^7;;^NG]
M7`7CIQWXP.>AS[X_ST%)W_/KU';@]LY&/:E)]3@]NIZGCCN>/Y]J0L%&YNP^
M8C)P`,D9`/0=J8'[_P#_``09_P""+6M?\%3OC'K7C;XMVGB[PU^Q9\(;ZYTK
MXG>-/#6I0^&]<\=?$";0'U'P_P#"GP!K>I:#X@L)]0L9KWP_XC^);6UB9]!\
M$ZC9VQU+0M?\8^$KZ;_4%^!?P`^"?[,OPVT'X1?L_?"WP7\(OAOX<M[:'2_"
M?@70[31-/:>#3K#2_P"U]6EMT^V^(/$=]9:981ZSXIUZZU/Q)KTL*7FM:K?W
MADN'_+7_`(-Y_P!G*Q_9N_X)'_LE:6?#T6@^)OB_X-D_:)\9SI?IJ$OB/4_C
M/='Q1X3\0W)BU+4;.UFG^%DGP\TZ/3[<V3VEMIEK'JVGVFO#5(Q^V%`,*_#[
M_@K]_P`$1/V<O^"H?PP\0:UI^@>$?A)^V#H]C<7_`,-OVB=,T.WTZ_U_5;72
M+#3=.\%?&^YT:P?5?'OP\OK/1M)T>TN]2M]8\2_#6*"+5?`NVS;Q!X3\7?N#
M10!_AL?%WX4?$#X$?%;XD?!/XK:"WA;XE_"3QMXE^'7C[PXU[8:DND>+O".K
MW6AZ[8PZGI=Q?Z3JMG#?64AL=6T?4+[2]4LY(K_3[JYLY[>>3STCD$=^,'IW
M/OSGO]>]?T__`/!VM\`?!'P?_P""G.@>/O`^F+H\W[1O[/GA'XH^/+*UM]/M
MK";X@Z7XO\:_#S5-;LH;&PLE236]!\)^&]3UE[N34-2U'Q+-K6LWEXYU2*W@
M_E_Y.,<8'].A'/(X_`FCO;773IIY[Z_\-Y@KV5U9V5TG=)M:I-I-J^SLKK6R
MV%_'CZ_3'/7_`!S1WQ[9]_Q_S^'%(<<D'N!WZYY&,X_D<<TI.,\=P1VR>!P>
MW'&.,^]+Y??\N^OWV=UL`AZ^@&>>N..YY]?]GOUS1P/3/3/OV'<]/KQ2XP<G
MGI_,@?SQ7T_^QE^R%\8?V[_VF/A7^RI\![/2KCXB?%+5[RUM=2\0WXTWPQX6
M\/:)I5[X@\7>,_%.J&.>:WT+PIX9TS4]:NX;"UU#7-7DM(-#\.:5K7B'4]*T
M>_8'S+;P3WES#8V<$]Y>73K%;6EK#)<W=Q+(RI'%!;0A[B=Y23M6*-V."01U
MKZSO?^"?O[>VE>`8?BKJO[$?[6VE?#*XT[2-:M_B!J?[.WQ<L/!<^B>(?L9T
M#6X/$ESX232I])UM=1T_^RM4BN'T_4)+ZR2UN9C=0E_]3S_@F7_P1=_8U_X)
MA^$K`_#'PG;?$;XYSVMI)XL_:0^(V@Z!?_$F^U5M"DT?6K7P-<)8R-\,?!>H
MM>ZTT7A+P[?W%W+INIKIGBGQ+XP?3[+4(_UUHM9[W6CTTZ*ZU6ZUZ6OM=:M:
MM.VCU2YDGKJDVE+5/=*Z;6_*[I?X4&H6%_I-[/INK6%_I6HVA*76G:G9SZ=?
M6SX4A+BSNXX;J%B'!'F1*..WRYK'CKZ\8SSS@?\`UZ_V1_\`@HK_`,$M?V2O
M^"F'PMU;P-\>_A[HD'CZ+2([+X>?'K0=%TRV^+WPSO-/DU2ZT9=%\6"&'5=3
M\(PZCK6I76K_``^U74)?"6N-?W-R]G9Z]%I>N:9_E:?\%,/^">WQ5_X)E?M:
M>.?V8/B;J">*[#2X+'Q5\+_BC8Z)JF@Z'\6/AAX@627P[XNTS3]35VLM3M)H
M+WPSXUT:RU#7-,\.^.M!\2:%IGB/Q)IMA9:]J1\^^GW:[?KWNMA]79.UD[Z6
MU;T[W6EVTEJK7UM\!=.N?7M@8Y/J>?QQVQ1VZCID=A@8^O']/SI#@]R,=.<'
MCJ1^?7_]=+Z].#U!P#QCG//;GCCB@`QG/Z]S@]??!QVZ4@'J/KDYYZ=`,=/\
M/6E(_GU_$''X_P">U';G'0_ID'K_`)]^:7:]NW_`0"8/(XP>V<?7`QW],]>]
M'3GU&.<CIGJ3G'?J,^]!P.P^OH.W`'08[GKP,<4[KVY_SZ?6C3;^N^K[Z]]?
M,!N2`<YX'4]>,^O7``^OM2GY1SZ#V!Z]!_GTSZ)G@=\G&1TYS^G:@D*I+'A5
M))P<8`)/`_EW]J>W]=W_`%^H"Y^@Y/H#V]N>>G^\?:OT\_X);_\`!)W]H_\`
MX*L?&B+X>?"2Q'@WX3>%[K3I_C1^T'X@TFZOO!/PM\/7,P9H+*TAGL&\:_$+
M5K:"Y7P=\/-,U/3KC6[R$W.MZOX7\*V.O>*M%_1S_@BK_P`&[OQ8_P""CT%A
M^T)^T)J?B7X"_L>66HV;Z'J$>D%/B1^T-+9:K;)K>D_#:'4IK2'POX'@T^'4
MK._^+FIVFL6A\0&RT/PGX8\62P>+-1\&_P!O_P"UO^VE_P`$[O\`@@_^R99Z
M#I7AOX>?#Z+0]#MK?X)_LH_"E]#T?XC_`!6UR2QETC3-4GTY3>ZY_9-X_AUS
M\1?COXXAU4"73[B;6-5\5^/-2T/PYXD.^K\M/33I96N[ZZZ;.Z'>ZM;5ZW=K
M*SU6C3=[)IM63;O=6?ZN_#S3K'2?`/@?2=,-U_9NF^$/#&G:=]NFAN;Y;&RT
M6RM[7[9<V]M9V\]V+>*+[1/#:6L4DP=XK>%"D*?`?_!'S_E'I\$O^QG_`&AO
M_6F?C'7WY\/-0M-6\`>!M6TXW1T[4O!_AC4;`WT,-K>&SO-&LKFU-Y;6]W?0
M6]TT$J?:(8;N\BAFWHEU<JBSO\"?\$?>/^">GP2_[&?]H7]?VF/C$:!]'ZJ]
M^]I7/TPHHHH$%%%%`'Y[?\$EO^47O_!/;_LS;]G3_P!57X8K_*M_X*X@?\/3
M/^"B6.W[9G[0P&.G_)2]?_EC^E?ZJ7_!);_E%[_P3V_[,V_9T_\`55^&*_RK
M?^"N7_*4O_@HEW/_``V9^T-CZ_\`"R_$`[>G2EU7H_SB!^>(''OW.>^,?7//
M!ZXH['';CD#OQ@<K[?\`UZ0`>W3GC'3ZGICM_DJ>![]!C'OZGG'Z\GBC;:W3
M^O\`(!.A'KTZ<GV'ICWXYY/>O]4S_@UH_P"4,W[/W_8^?'K_`-7!XMK_`"L_
M?D]2#VZ>F03_`/7[=O\`5,_X-:/^4,W[/W_8^?'K_P!7!XMIC6TO3]4?T/44
M5^)_[0?_``<'_P#!*_\`9<^-/Q$_9^^-'QX\3>&/BG\*O$$GACQMH-I\&?B[
MK]OIFLQVMO>FWM]9T/P;J&D:D@M[VW?[1I][<0$.4,C,DB(!:_\`5OS/VPK_
M`!^O^"[1`_X*\_M]L<+M^.E^<_,<?\4OX:SG&TL!C(`(W?E7]^O_`!%&?\$7
M_P#HY7Q=_P"&!^.7_P`P5?YTW_!5/X]_#']J+_@HG^UO^T'\%]<N/$OPL^*O
MQ6O?$O@?7[S2-5T&XU;0_P"QM&T^*]?1-;M-/U?3?.N+&X*VVHV-G>+&(S-`
MC$+0'3YKJNSZ?/\`0_/\]<XZ=.G?ZGK_`)S0/SZ\\#C(!R>._P"&!2<]?I@$
M]SD$9Q[X'TI??V]L'KWQGCUH$&1CK[]^YX]#CD#],U_4'_P:*X_X>NZ]QC_C
M$[XM=L<_\)?\,N?IC/Z5_+X3[]`3@\<<]^,<]Q_6OZ@_^#1;_E*[KO7_`)--
M^+0YZX/B_P"&77\A1_7Y>7]?D']9'_!TO_RAF_:!_P"Q\^`O_JX/"5?Y6?&2
M/Z]2.>QSGUK_`%3?^#I?_E#-^T%_V/?P%_#_`(O#X2__`%?C7^5E@#'(SVSW
MZ]LC)Y_,T`+G_'D<<'J3R/?F@\_C]<<=?49Z]>_TI`!C\?4CKZ\\GZ_3%+D9
MQS^`]<<=#R?84`'/^?K^(Z<^_H*_H@_X-Z/^"PFI_P#!-[]H^V^$'QD\8:I!
M^Q7\?O$4=O\`$C2I+6;6;'X5?$6_LH=$\-?&W1-,6Y6?38G>ST'PY\4YM)6>
M?5_`EM!J,VB>(]=\%^$;&V_G>Z<$9&>_/4G&3GTQ[C/O054@K@$%2I'`/S#!
M.1C''./YT?\`!Z=_7KV?3U5PWWO:Z>C:O9IVNFG:ZU6S6C33:/\`4:_X.0/^
M"1LO_!0O]F>W^.?P4\+W&J?M?_LR:-JU_P""-(\-Z#I%UXA^-_PQN[VUU#Q9
M\(;Z]!M==U+4M"5-2\;_``HT]+O6!!XGF\5>%-!\-OJGQ0NM4L/\N7:ZLRR(
M\<J,Z21RKMDB='96CD7"LDD9&QXV`9&!5MS*2?\`0^_X-7?^"NMQ\<OAZ/\`
M@G#^T%XLOM2^,'P@\/7NM?LY>+?%.O:=)<>/?@QH-OIEO/\`":T_M"2#6-6\
M6?"6W-SJOA^TMI];N[KX5QW<<5GHFB?#&66^_+'_`(.>/^"-$G[,?Q*OOV^O
MV8/AQ/8?LS?%/4+<_M!:'X;+W.D?!;XU>(M:FM(_%,.AVVGPOX0^%?Q2N[W2
M+2QE6ZO]"\/?%*ZO?#ZW'AJQ\9?#CPO,?.^UK+RUN^Z>FUO/:ZU?2RUO=^]=
M-)62NFFKN]TTK75VU'^0_P!N,'J/0;3[^W\Z4]#W';C^?WOY4<<^N".,9Z9Q
M_GZT<]/KUSZ^O7D?]\_C1_7]=?R&)V(^IQU'KZ#(!QTSSC\!MK!E(X(*G)*Y
M4\=L'OZXS^JXX[GIC.2?UZ'\O?'9/Z$=!T(QTXY_J/;HK7Z;Z_/3MU_R`_UE
M/^#;_P#:$TG]H#_@D+^RZ8?%-YXG\5?!.Q\5?L^>/[?4)-7N;WPKK/PU\0WB
M^$?"[WVJQJEU96?P@UGX9ZAHL6D7-YHVDZ%JNEZ#;RVDVE7.F:;^ZU?Y;/\`
MP:]?M5_M*_!;_@I)X+^!7P7\+/\`$WX;?M/6T_AOXX^`K_Q+=>'M(\+^%?"%
MI<>))OCQIMV\W]BQ>*_A7IEIJAMK+5-/OY/&6A:WKOP]T4:=XG\5:!KFC?ZD
MU,`HHKP#X-?M1?LY?M$:S\2/#WP%^.GPK^,6L_!_6]$\/_$VQ^&WC?P_XRE\
M&:IXCT=-=T"/6'T.^O8H[;6;`7L>FZC`\^F76JZ+XG\/PW;:[X4\2Z=I8!_F
MY_\`!UW^TAX;^./_``5+N/A_X7?3KVQ_9@^#'@GX,ZWJ^F:U;ZW:ZEXVU/4=
M=^*?B2!FM(4MM*O_``S+X\LO!>L:*UQ>W>G:_P"'-0BOY[:_:;2=,_FAYXYR
M...W;)!Z]/6OWX_X+W_\$BOCO_P3N_:1\3?&74M?\;_&[]FW]H[X@>)?%'@O
M]H3Q9<W/B#Q;#\1/%-[JOBGQ!\-OCAKY!+?%)F.J:UHWB>]6UL?BMH%KJ/B/
M1?*UW1?'/AGPE^`^1Z^WY9'3KGC\<<4?UV`,X^@'.,?YX`_(\<T=.>@_ET`Z
M<8_'C^0#QGCCZ8X_'&/K^-)CC/0C'4G&??!Y],G]12^Y:_?^6O3_`#`/KGCI
MU[\8/)R:_NI_X,OO@OX4GN/VYOVB=0T>VNO'6FI\)O@KX4U]KJ]%WHOA'6G\
M4^.?'NDI9Q7":;+;>(]:\/\`PZO)+FZMI[^!_"4$-E-9Q7.I1WW\*Q'?G..G
MKZ=.X)ZCI7]UW_!E[\9/"<1_;F_9[OM5M[3QY?-\(_C-X9T!X+AKG6?".D+X
MI\%>.-7@N8XS:+;^&]<USP%:74%U/;W<S^++%[6*XA2_-B?CM^GKMN-:7_#R
M=T?W>4444Q!7\:'_``>1?`#P9K_[*O[-?[2_G:'I_P`1_AA\9+KX8[1IMDOB
M3Q/X`^)'A_4=6OHY-62YAU&?1O!OB/PEI<MMI\MCJ%G:7?C6^N+:XTB?4+I-
M8_LOK^/#_@\7_:`\"^'?V+O@!^S0]\MQ\3?BE^T!I?Q1M-(@N=.9]*\`?"WP
MCXQTO5]9U:T:^_MBS_M7Q'XVT'3O#LL>F/INJ-IOBA#J5M<Z+]CO$[[QW6]T
MY+E;BI;;.VD7?1M.SM8F7172;DK;ZV?,TK2BVVHOJU:[<913B_\`.D^N3U_+
M([#KGZ<\]L4=,]..PQT[CV!_^OGT.>0">XYSR,Y'7CZ\-[&CU.?IT``STZ'I
MW_7UH_KMJ]K]5_P=B@Y/!Y!SGGI[=`?Y^AH/49[Y`ZD<#KUQWY[\^V:`>YSD
M#\^`>G3.3C],T[_(_P#K\\T)6_K^K>@"<9.<'H/7&>,?B>_?Z`4'TQU./;!/
M)QDD#'KG''6CU(ZGKW.?QQT]#CZ5[)^SW^SQ\:?VKOB]X+^`G[/GPZUWXH_%
M?X@ZBNG>&?"&A00"63"&:\U/6=2OYK71?#GAW1;6.?4_$/BCQ!J&F>'_``]I
M-K=ZIK&HV=E:S7,;_K^M@/(+:VNKVXMK&RMKG4+Z]N8;2RL;*"6ZO;V\N9%A
MM[.TMK='FN+B:5TA@@BC>65BB`$DU_>1_P`$2_\`@U[L=%A^&?[7G_!2[0HM
M1UM77Q;X#_8HUS1HYM*T:*-M-O/!NO\`[1LUS>2P:SJSL+O4]0^`DFE-I&G0
M+H-G\3M5U6\O/&OPGT?]0?\`@CK_`,&_7P#_`."8/AF\_:`_:?OOAG\;?VKK
M2TGUB[^)6H6RW7PA_9YT#09XM:DNOA,_C;2M'FLM=@&EQ:QKWQF\0:/H'BG3
MK"W&A^&H?"6AMXJF\7_F5_P6S_X.@K3PU_PLG]D7_@FMK=KJ/B.-F\*>.OVT
M]&UB"]T;0=G]H6OB[0/V?+6"SEL];U@NMEIEK\<O[7DT?2T37Y_AYI&J7TWA
M#XG:26LKVTV7;2VB]+K1=_,$U=I-723:OJD[I.V^K32?=.VQ^GO_``6(_P"#
M@']GW_@E]X9M/@!^S78?#?XU_M8VEC;:-IWPMTNY6;X2_`#0-%E;1X8OBT/!
M>IZ7+I>JV\6GR:;H/P>T'4]%\46NGPPZMKLGA+0KCPRWBG_-*_:._:)^-7[5
MWQ<\<?'S]H3X@ZW\4/BQ\0=0.I^)/%6O/!&6"+%;V6E:/IEC#9Z/X<\.Z+9Q
MP:=X=\,Z#9:?H>AZ9;6FG:3I]O9VT,,?DU[>7VI7EYJ6I7U[J6I:C=W%_J.I
M7]S->W^H7]W,T]W?7UY<O)<75U=SN\US<W#O-/)([.X=LUGW7$+]>@Q@A<?,
MJ]<'((.2.XXX--N_WMZZO7N[)O\`SO;<F,>5)::1C&T4XQ]W^6%VHK797=K)
MMV1_N1?!'_DC'PB_[)AX!_\`44TFOAW_`((^?\H]/@E_V,_[0W_K3/QCK[B^
M"/\`R1CX1?\`9,/`/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQTB^C]5^4C]
M,:***!!1110!^>W_``26_P"47O\`P3V_[,V_9T_]57X8K_*L_P""N61_P5+_
M`."B6#_S>7^T*.>O_)2_$&6SP/?&/Q]?]53_`()+_P#*+[_@GMT_Y,V_9UZ=
M/^25^&.GM7^59_P5QQ_P],_X*)9R,?ME_M"\$YQ_Q<OQ`.I/4\@\\^N*75>C
M_.('YX#ZY_'U/''3D?3VI?7OGL>W`X/7_)I.V.2".H)&,<_='8]>_P`V*4]^
M_'W??W],XQZ=>N:%_7GY_P!6`,8[\?AV&#VX_#]._P#JF?\`!K0?^-,W[/OM
MX\^/0_\`,P>+3_6O\K/D]>OKSCKW&><C_(K_`%2_^#6C_E#-^S]_V/GQZ_\`
M5P>+:8UM+T_5']#U?X_/_!=F0+_P5]_;ZRK$GXZ7@XCD8#'ACPT,952.<?U[
MK7^P-7)WG@;P3?W<U]J'@_PO?7ETYDN;N\\/Z3<W4\@`P\US/:O)*^!R\CNQ
M`.#@'`(_POC*IXQ)_P!^9..O3]V<#KQWY_!X.<8Z]CP2.O/XGCCUXQ7^YRGP
M_P#`49`3P/X00B19!L\-:*N&0MY4HQ9##IN.UN&&7*'U_P`3C]J"""V_:;_:
M.M[>&*WM[;X]_&2V@@A58H(8(?B+XC2**"*/$<<4**$C1401JNU551\Q_7_#
M@>'>GX<`]/0C\?ID?E1GOC`ZG/T&,<\>_P!#]:#P,=<Y';W//0=/SII/`/('
M0^OY]>H_']*/G_7;^NOEH`[H"3TS^63_`(\_C7]0G_!HL/\`C:[KWM^R=\6O
M_4O^&7]:_EZ]>6],#TX]>N#SN_6OZA?^#1;'_#UW7N?^;3?BT1[_`/%7_#'_
M`!H7]?\`!OK]X']8_P#P=+_\H9OV@?\`L?/@+_ZN#PE7^5GUQCI@^V"#TZC/
MT]N*_P!4S_@Z8_Y0S?M`_P#8^?`7_P!7!X2K_*S_``R!W/)^N3C@>HSF@!??
MC'K_`#SZ?YS0!^.<9]QCTZ#GTXH..IXZCG'/0\'/!!'\Z,CKGGDG/&1[C&>.
MWKQ]:/Z_K^ON`..3DD'IC/3MQD\_2DX(_,>_3D<]#_3]%^N/3]?ZY[D]A0!^
M6,<8Y[9].@_'IQ2_X?1OY6\OZUN!Z#\(?BS\0_@/\4_AO\;?A1X@?PK\3OA)
MXX\-?$3P)XCCL[2_71O%?A#5K76M%O)M,U:UO-+U>S2]LHH[[2=6LKW1]7L6
MN;+4K&ZL+J:UE_UEO^">O[9/[-__``7)_P"">%W<?%'P=X!\3S>,?#=Y\*?V
MN?V=I+K4KVQ\(>,L2K/%#'>/:^(M+T#Q3;V=E\0OA;XHTG5+C4]`,MI#I7C"
M3QWX(U>\TW_(H`Z>HR,X]>.@[=/7BOU<_P"".W_!43XC_P#!+?\`:Q\.?$[3
MM5UV\_9_^(.H>'?"O[4'PTT^$ZI:^-/AK!J4@'B72=!NM1TJQF^)OPVM]3U?
M7OAYJ;W^EW:3WFL>%;C5$\,>+/$]CJ!Y>G_!T&ON[/:WJSS'_@J+_P`$\/B1
M_P`$QOVNO'G[-?CBZN?$GA>!8/%GP=^)AT?4-)TSXE?"O7`9]!UR!;V"&!=<
MT5S<>%O'%EI\]_IVD^,]%UNPT[4]4T^*SU.[_/`@#]??L.H].!^/>O\`68_X
M*N?L!_`O_@MU^P-H7BOX.>+='\5?$#0_!^M?&#]C7XM^'+ZVFT76=<UO2+*[
ME\#:M_:5WI=M9^%_BG_8.C^$_$\^J/IVK^!M<LM/UB_A:?PUJGAG5/\`*-\:
M^"?%_P`-O&?B[X=_$'PSK7@SQYX#\1:QX/\`&?A+Q%87&EZYX9\4>'=0N-*U
MW0=8TRZ2*XL]2TO4;:>TO+>6-)(Y8MC?=(#VLG>]M4U:S3U6[\OGITN2G=75
MN5VY6G=--)WV25W>R3>EG?6RYK/'0XS[C&>_;'3L>GTIKLH4DG`7G./NX!]`
M<XQR!G'YTO!^G88'49]>_MVQ]:_;W_@@E_P2_O/^"F/[;&BZ5XQTT/\`LS_L
M^_\`"/?%C]H:]O\`3]?GTCQ5I5OK]M'X5^"5MJFB/8II_B'XL7EIJB-]HUO0
MKJV\!>&_B!X@T:XO=6T"RT;4@9_89_P:Q?\`!-C_`(90_8]O_P!K3XG>&38?
M'G]L2WTO6=$36-(CAUWP)^SSH\LMQX"T2U?5-!L]=T:;XFW\MQ\2?$L&GZW>
M^'_%7A[_`(5'=RVL6I>&O-'\H_\`P</?\%/]9_;=_P""@6OZ1\(O'NI+^S_^
MR;>ZQ\)/@QJOA#Q'<Q:9XG\56%^D7Q3^+>D:EX=\4:SH6JP^*_%EC)HWA#Q=
MX=N+&WU[X9>%_!&H36EO>S7I?^OW_@Y,_P""C?A;]@G]@F^_9L^#VM>'_#G[
M0/[47A^3X0^`O!_AT6=E>?#7X!&PET7XF_$&UT"'0;_1]*T%/#<(^$7@^V>Y
M\+ZC#K?C(^)/`EU=S?#77K>P_P`N\`!0H&`%"D*S$C`"X#$AN/7KWPII=7;:
M_I?;5[ZV[-KI<$W;5)-I72U2>ETG975UNTF[7LKM'KOC+]H+]H#XBV]O9_$+
MX[?&/QU:VVG:?HEK:^+OB5XQ\001:+HVD6.@:/HR1:OK-X#IFD>']+T[1-,L
M!MM-/T?3[/3;**"QLX8D]?\`V&?VX/C]_P`$\?VB/"7[2G[.7B<:%XL\/M_9
M?B3PU?\`VB;P9\4/`M[=V-SX@^&OQ#T:*YMTUKPIXB-C;.VR2VU;0M:L]%\5
M^%]3T7Q9X>T/6K'Y%'.<`8R,>^!CKCH#Z?EZJ<'TZY_`=?\``^WY4VV]VVTD
MKO71))+T222MHK66UA12CI%**O*5DDES2DY2;2T;E)N4GNVVW=MG^O%^SY^T
M1^Q/_P`%_P#_`()Y^,M#N-/N=0^'_P`4?#]GX&^/WP7O=:A@^(7P:\?V%W8>
M(],M+B_M(X]UUH7B;1=.\8_#3QN-,_L3Q-'I&GZC/H\-S:^(/"NF?YP/_!2C
M_@CY^U-_P3N_:PTC]G*X\'>,/C5H'Q=UF>']EGQ]\/O!VMZW<?';39=0MK*V
M\.:1X=T.#5M0B^+&AW.IZ3H_B_X=VRWFK6&I:AI&I:6^L>%_$OAG7M9@_P""
M+7[7_P"U!^R)_P`%`_@3J/[+?AN?XH^)?B]XW\/?"#Q-\!+GQ/-X3\.?&O0O
M&NH1Z$/#VKZS)=0:3X>U'1)-0_X2;PQXVU^*]T+P5K^F6.O^(-+U;P_::MI-
M]_KZWFEZ7J5UI=Y?:;I]]>:%J$FJZ'<WME;7-QHNJS:9J6A3:EI4\\3RZ??S
M:+K.L:/)>6CQ7$NEZOJ>GNYM;ZZ@E>FFKO:[5EH[NR6NJ:2U:3NVK.UV>]K[
ML;<R4?>=W&T>9OW/=DFY<L5S)I1;FG)J/^2+\+_^#>S_`(+)_%SPVWBSPS^P
MWX]T32Q<RV8LOBEXU^$WP6\427$,%G=.(_!GQ;\?>"_%@M6AO81#J4NCP:7-
M<)>627QOK"]M[?X&_:+_`&)OVOOV19-*_P"&G/V:OC+\#K379[VUT#6OB%X$
MUS0_#.OW&GBU:^@T/Q1-:'P]K%S9K?V#7MOI^J7$MK]MM1,BF>(M_ME5Q7CW
MX?>`OBKX0UOX??%'P/X1^(_@'Q/;Q67B3P3X]\,Z+XQ\(>(;2&ZAO(;77O#7
MB&QU+1M5MHKVVM[Q(+^RN(8[B"WN%598%D1=/.Z^[KI_P=.S'U\K.^FM[JSO
M?9*]U;5M.ZLT_P#&B_8*_P""?W[2G_!1WXZZ+\"/V;O"!U?4)I8+KQMX\UI;
MVR^'7PJ\+^>B7_B_Q[XAM[2[73].LUD/V73;."\U[7[[R='T#3-2U:ZM;23_
M`$Q_V!O^"8'["7_!#3]FKXB_$OQ?XM\+ZIX@L-"B\0?M`?M=?%?2-.T"^NM"
MT#6K'6="T+0-(DO?$(\$>%K/Q!;:#=:'X+\.ZCK6N^*O'-OX>FFN_$OB&T\)
M6NE_0GQ#\=_\$[?^"%'[&4FLKX4TO]GC]G7P_P")M5@\.^#OA]X>\1^+/$_Q
M%^*_B?2-=\3VGARRN;FYU76?$_Q`\8VOA2ZTC2_$/Q#\466CZ?I^CZ7I>L^+
MO#WA31;%]-_S3O\`@JM_P63_`&HO^"IGQ(U*Z\>ZQJ/PW_9TTC7$O?AG^S7X
M>\1ZA/X(\/0::=1MM"\1^,U4V=CX^^):V.IWZ7GC'4M,M_L9U/4;'PU8:%HL
MD6EQ%DXN+5TUJFE)/RU5[6>N]VM?*6KO5*2=TTW)>[)*Z<;RC-\RLFTK1DTM
M;J7^G5^Q9_P5/_81_P""@%AJ$O[,?[0?@WQ9XAL/%GC#PP?ASX@O/^$'^+%_
M#X2GN77Q;IOPN\6-I?CF_P#!'B7P[%;>+_#7B2WT1K.31+J73];71/%^@>+?
M#'AW]#J_PH],U/4]#U&TU;1=2U#1]6L)%GL=4TB]N]-U*SE3+)+:WUE+!=6\
MBL<J\4R$,`4QV_87]@__`(+'_MO_``+_`&FOV5+_`.*O[9G[5'B[]F_X?_%[
MX50?$7X:ZI\8_&/B30K[X0Z=XCTC3?$WAN#P[X@\21:3?6=EX4^TQ:3HE]>6
M>D@6EO8M+86J+(CT\UWZ][OIMIIUUU0_>N[<KO?EO>-G:*BF_>NF^9N22Y5R
MI0EJS_3Q_;R_X*#?LO?\$Z_@]=?%C]ICXI:;X!AU:W\0Z?\`#CPY#H][XN\;
M?$?Q=I&B7&J1>'O!G@72KO3K_P`07)F73[.]OKW5_#'A+2+K5=(B\5^-/"=G
MJ=KJR_Y2G_!4C_@I'\6/^"I/[5FO_M'_`!*TC3_!^@Z=HUO\/O@W\,]*:&XL
M_AM\)]'U;6-7T3P_?ZREI8W/BKQ5J&J:YK'B'QAXKU&$3:GKNJW5KH]EH/A'
M3?#7A?0O]`#_`(.I?V9_^%\_\$K_`!5\1M)TG1KGQ5^RU\2_!GQHMM2N;3/B
M&/P==RWOP[\;Z+H5_%8W=U%9WMMXTTGQ'KVG/=Z=I=_;^#[/4+J2YOM#TBTD
M_P`N;@`9&!^6#UR1@#_!OP-3RVU[V\U[O97LG^-N6]THB33E*S?,E%-.]K:M
M-)Z6=VN:*U:<6VX6BO`('KTR<]/KWY_'G-&.G)`';\,#\/\`]=-[<D9X/OC/
M)'4$<9P!^%*#QSQZ\8[$G'0\?0_CR07^[2UOELW9?UOT*%Q_^OOSU/;K[=Z.
MW7'<XZ\]^._OSG%(2`#NQCKDD!<*!SWP"0<YX[?+FOZ!_P#@C1_P0/\`CW_P
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M_P#B;I^DV'Q`\<SW4^CI>0ZAK<45]J^D^$KW7K/0M'^''P3\)7-]8G5VT73]
M)TOQ;\2O$.J^(O%D/Q:^./\`P3?_`.#?3]B[P7H%[I\7PS^&&G7TFD^`/A?X
M`T_2?$'QK^.7C@PZ8OBGQ#::=?ZGX<_X3/Q9]D;3M2\<>-_$NLZ-X>T.R_L+
M1KC5](@N?!V@3?YO/_!4O_@K_P#M3_\`!4[XH:GK/Q-U_4_`?P"TG7HM2^%/
M[,/ASQ%J%W\./`T6EQ:O8:)K_B&,II]K\0?BDNF:YJ\&K?$;6=)MKPMK.KZ;
MX7TWPKX3GM?#5D^^MUT:Z^>O1^GGN]!:I-IIM7L[77D[-JZ=T[-J^SZGZ#_\
M%K_^#B;XJ_\`!1F'4?V>?V<K+Q+\"_V.[/4+Z+Q!%+JK1?$;]HH6FJW8T?5/
MB!+8QVJ>%?`2Z?%IU[I_PHL9]5C?6VNM9\7^(O$<L'A?3?"/\SG`P``!C`QC
M'0\$`<#&.G7^:]\<_CT'UQUX/`YZ>H-!P/\`/3J<G\1^=`!R0>Y/8\\=`,''
M8?GFH+G;Y$F[(``P!USN`4]\#.,XQ\N>]3D9R`<=#]>>.QZ8_P#UU7NO^/=\
M_P"QUX/WUQD?S]^WHGY=&EUVNK_\/KZ[@?[D7P1_Y(Q\(O\`LF'@'_U%-)KX
M=_X(^?\`*/3X)?\`8S_M#?\`K3/QCK[B^"/_`"1CX1?]DP\`_P#J*:37P[_P
M1\_Y1Z?!+_L9_P!H;_UIGXQTQ]'ZK\I'Z8T444""BBB@#\]_^"2__*+[_@GO
M_P!F;_LZ_P#JJ_#%?Y5G_!7(?\;3/^"B7_9YO[0O/?CXE^(#^7'^<U_JI_\`
M!)?_`)1??\$]_P#LS?\`9U_]57X8K_*L_P""N7_*4S_@HGZ_\-F?M#=LD?\`
M%R_$';\/TI=5Z/\`.('YWG)&,CT/R\]SV)!(R3[>U+GOD8&".N??(Z<\CIQS
MQ2X'&,8__7^?K^N>*3N.#C//..G3`R>/IZ=#BC3_`(?OM]_3\`#@G!!]>_4[
MN#GG''\N*_U2_P#@UG_Y0S?L_?\`8^_'O_U</BVO\K3U[`\]L=@03Z^O_P!:
MO]4S_@UH_P"4,W[/W_8^?'K_`-7!XMIC6TO3]4?T/5\C>-/V]_V&/AOXKUWP
M)\1OVTOV3?`/CGPO?MI7B?P9XU_:,^#_`(5\6>'-32..9M/UWP]KOC&PUC2+
MV.&6*4VFH64-RD<Z2/&%<,?KFO\`'V_X+KP0#_@KW^WV%AB7/QVOW^6)%^:7
MPWX<ED8X!&9)7DE=CDR2.[MR^:/Z_+^O,1_J7?\`#S#_`()P_P#20+]B3_Q*
MSX$?_-Y7^.O^TEJNF:_^T7^T!KNB:A;:KHVM_&_XKZOI&JZ?<1W5AJ>E:C\0
M/$-]I^H6-S&S07%G?V<\5S;W$#E)H)8Y(V*,AKQ40Q8'[N+V.Q3STR3@9I^T
M`?=``"J#@#@9`'"CA=QP.@R*/Z^X`!R.!Z=<^GKCG_)S2@=/Q_7'N>XS_DY3
MG'&./0=1P<`9[C_ZPYI>![?_`%S_`%-`"9QWYP<>O7(X)QG'&-IK^H3_`(-%
M_P#E*[KW&<_LF_%LX]?^*O\`AB,<@?3YB/Y8_E\]?IQR?QS[Y[]>?S_J$_X-
M%O\`E*[KW_9IOQ:Z]1_Q5_PQ_7\^*`/ZQ_\`@Z7_`.4,W[0/_8^?`7_U<'A*
MO\K,GW'X^OIR1@_7\Z_U3/\`@Z6_Y0S?M`^_COX"YSU_Y+!X2].,^N..N.U?
MY6?`SCK[GD].Y)Z\#\J/Z_K^M`%_3CO_`/K[=_YT'V'3IR?U]3_GBD_Q[`CG
M)Y]0#@]N_/>E/TYZ'U`)Y_(_E[4?G_73^K`)CCGDGKDY&>>QQ@#CIS1[9SGI
M^IY]CT/L/R!CT/8_Q=<8[\]N_'-*N>,=,<8SGI].1C^N:``9('(Z'GMVP<?G
MFD]1R>,\^O..V0?H.WK1Z=0>,GKS@]<8X!_#MTZ!Z$G!(&0<8/ZY_P`]J/Z_
MK_A_6X']H_\`P:J_\%=+CX9^/['_`()F_M`^*[Z7X=_%#5[B[_9.\1>(->TF
MTT+X<_$6[_MO7/$GP>\W6'M9DTKXO:A.EYX"TVQU1EB^*._P]HGAO4]:^*4U
MW9?MQ_P5R_X-O?A;_P`%,OVF_!O[3_@WXUW?[.OCG7K.V\-?M'7$?@I_B%!\
M1M&\,>%1H_P\\5^&]-G\2>'(]&\=:'#I&A>!M;ANKYM!UKP9_9&KP1Z9KW@V
MYLOB#_-C_P`&I7_!.;PA^U9^UEXR_:U^*]FNK>`_V*KKP'XA^'OA[[?>6$FL
M_M#>(=3OM8^'_B&\CATV2/4?#_PRT_PGJ_B6:P&M:->+XWN/A]<S0ZWHMOKV
MF2?Z7-`]?R_"UM/NWT9_(!J'_!FU^P9-X4TNRTS]IC]KBR\;1:9-%K?B6]U3
MX1ZAX<O];?PKJEC;WNE>#K?X8:9>Z/I,7C2;1O$4FD77B_6[^?PSI^I>$4U^
MVU;5K;QMHW['_P#!-G_@GA\`?^"+'[''Q%\*0^/+KQE:Z9>^.OCI\>?CKK'@
MF/1]>U[3?#FBSWB'_A'/#/\`PD^O)X<\!>!=#2#1_#%KJ?B>Z?59?$VM:-;1
M7GBR?34_7"BCM>VGE\_S[W?W"6E]]7=ZM]EI>ZBM%HDE>[M=MO\`QF_^"H/[
M?WCK_@I9^V5\3OVH/%\$^B:!J\EGX/\`A'X#.JZEJFG_``Z^$GA(367A/PY8
M/JES/Y%_JCR:AXV\9-IT.E:3J?Q`\4^*M:L-$T6VU%-,M?SZ[<8SR.W7OZ\Y
M&2>?ZU_<C_P5,_X-<?C[\<OV_P#7/'7[`OA[X+?#+]G'XT:);>.?%;>,O$O_
M``A'@#X-_%$QZI#XR\/:'X6\.V_C7QQ>Z%XSO]+L_%NCV_A?P3#X8\.ZWXVN
M?"]C9Z!X6T&*>TSO@Q_P9>^/;_24O?VB?VZ?"GA774U)XYO#/P3^#VL>.M(F
MTJ.VLY(;H>.O'?BWX>7L&HRWKWT$EA_PKJXM(;6VM+E-0NI;^:RTY*W3\K?U
M_2!_?M^7Z;'\0'''Z?\`UJC+*&`9T#'&%)4,Q)P#M)W9[<#T^E?ZB'P9_P"#
M3W_@D=\+-6N=3\8^%_CU^T1;SZ<;*VT7XT?&6[T_2--NS<VTZZQ:Q?`S0/@K
M>3:C%#!/8QV^IWNHZ,;:_NF?23=1V5W:?:^J?LW?\$.?^">'A_3=*\:?"7_@
MGK^STWA7PW>^)]-N?BQHOP<?XLZCX?DU#6KD:G;Z_P#$I=8^,'CV2XU&VU32
M]#`U+Q!J-W/:'PWH,<ILK;2XFE=I6>K2LM7J^BZOLNKTOU%)I1;NE9-^\[15
ME?66MEW=G9:V>Q_&O_P:-?LQZAX^_P""BOBS]H'Q)X/\;0>&_P!GKX!>,-:\
M&^+%\.ZC;>#X_B1\3K[3/AO8Z9JGB*\TJ;2VO-3^'6M?$V[TC1K:^L=6U.33
M+W4[::XTW0]9M)_]*VOR%^$W_!=?_@E9\=/V@?AQ^S1\*/VLO"_C'XH_%:XU
M32/!D<7A;X@Z#X4U#Q58K;2Z5X,E\:^*/"FA^&H?%7C&.6_@\%Z>-2E@\0ZQ
MI1\+VEXOBWQ!X,T+Q-^O5']?UV^8[ZM:JUD[IKHGHVDFK/=75[J]TPHHHH`_
M'/\`X+X?!'1?C_\`\$E?VT/"6H#PK'K/A+X4:S\;O!][XG2/S[#6_P!G^(_&
MS57\)S_8[R_MO%>H^!/`OC+0[)]-C@DNK#5M5T[4;VS\.WVLW"?Y$*D,H<C&
MY1GE6`R,D`@X8#U/!/J*_P!O_P#:%^!O@O\`:9^!GQ;_`&>OB1/XIM/`/QH\
M`>*/AMXPG\%^)-1\(^)5\.^+-+N='U-=*U[2G66WFEMKJ2.>RO(M0T36+5Y]
M'\1Z1KGAR_U/2;W^&C]L3_@SB^)_A[^V_%'["O[2?AWX@:3$OB?5+#X1_M!V
M$W@[Q?#96,$=YX;\+:!\3_"EGJOA3Q9XBUG_`$K2/MWBCPK\+?#]I?)IUU?:
ME:Z=>WUQHZL[.[6Z2LG=)I)W=VF[W=_=LFE9V;:5[M6TU:=DK)*.C=[MMWLT
MDM+:.SE_$O\`0XX(YR>GT/7_`,>_(TCKN5E)P'5E'RY.6'7L3C()''K7UG^U
M+^PE^V-^Q1KIT+]J?]G/XI_!LRZMK&BZ5XD\2>&+V7P!XGO]#GCM]27P=\1M
M,%_X%\8V]H;FRE>\\-:_J=I);7MC>Q2M:7UK--\F1;I=BQJ9'DD6-$CW2,[L
M^Q4B$:LTCL<+$BKNE8A=JN<4_P#@?U_6XS_7,_X)9?%^P_X*@?\`!&SX1O\`
M&/Q+)XHU3XO?`'Q_^S5\?-2TCQ"=5\9/JFDVOB7X*>+M1\2ZGKTWB*^M?B)X
MK\,6]GX[U"Z\1P7<E]>>*K3Q(--?2-6L$D_R</BG\-_$WP;^)_Q'^$/C/3[[
M2?%GPN\=>*OA[XDTS4K"YTO4;+6_!VNWV@ZE#>Z=>!+NPN5N;%Q):74,-Q`X
M=74-M%?Z6O\`P:U_LB?ML?L@_L:_%?P_^UAX-N?A5X0^)OQ8M/B9\%_A/XLM
MGTOXJ^&'OO#=OX>^(.N>._#EUI=MJ?A*U\3MX?\`!</A[PSKFI-KEI-H>O:I
M>^&?#UOJ]K?>)/2?VWO^#9;]@']M_P".GQF_:5\2>*_CU\*OBW\99H-:U9?A
M=K_PXTCX;V/C.U\):7X;'BO_`(0:\^&=W>:C<Z]J&D0^+_'8?Q5:ZGXN\3ZE
MK^K3:S8WNLS7<3ZN^COKI9>=TETTVVU5GI:5I%.+4H\B:L^9RT3C:;E9W5[N
M3=W9\RL[_P"6+CCCCT!P`/PY[\\8Z=,YI\44DTT4$,3SSSS)!;V\$3R7$\TS
MB.&&"&-7EGGFD(2*.)#)(6551WY;^KC_`(*$_P#!I]^UU^S+X=/Q'_9$\;K^
MVCX+AN=&M=;\!Z;X.E\%?'G1+C5K^\L7U#2_"-MJ_B+P]X^\+:2$T4ZKJNBZ
M_IGBJT?6)KM?`<OAS0-7\0Q?T0_\$3/^#<_X/_L+Z#X+_:-_:W\/>&_C!^VV
MM[IGB_P];SW+ZY\.?V9+FUM9WT[1/!5A%<'0/&GQ+L;BZBU+Q!\3]4M-4MM`
M\0Z;HUK\)8]&CT"^\<>/5_7]:_K]Y1^1O_!$'_@V)O\`Q[)8?M0?\%0OAUKW
MAWP4D=P_PT_9$\1-XA\'>+?$U]LDM8_&/QVBLI]'\2^$]#TF8-<^'/AI!=:7
MX@\1ZM;VNH^.)+'PAI[>%/'W[P_\%=O^"ZW[-W_!(_POI7[/_P`)?"7A+XI_
MM.VO@ZQL/!?P&\-7D'AKP!\$/"W_``C_`-E\!:I\3(_#MFT?A_0K:W71;KP[
M\*=$_L+Q#KWA"-)K74O!FC:EX<U^]_-+_@N)_P`'-'@OX8:'XB_94_X)K>.M
M+\=?%W5$UOPY\5OVG]`\^X\'?!V.WO;W1;WPU\']0GABLO'/Q)NA:S7;_$71
MGU'P'X,TFXTR;PGJOBOQ=J=U<_#O^`'Q;XN\6>/O%?B/QUXZ\2>(/&OC;QGK
MFJ>)O%_C+Q9K%_X@\3^*/$>M7DVHZSK_`(AUW5;B[U/6=:U74+F>]U#4=1N)
M[JZNIIIYYGE<[SKY:Z/7TUTVWVW2Z736ME=V:Y7>*M>UFU:7-I*S36Z3T=TF
M>L_M+_M.?'7]L+XQ^+OCS^T7\1-;^)'Q/\:WLEWJ>MZG*L=GIMH&`L_#WAG1
MX432O#7AC1[?R['1?#^D6EIIVG64,<%K;I'$,>#YZ`^X^OX'MG/3MWV]#OP/
MY?4@]3[]J#TS@\9QQGGIV^O3W[4/7=MM66K[6M]R2MV6P)):))*[>BMJVVWZ
MMMMOJVV]1#SZ]`<C/<'IQU[?Y&5(R..X.<_CT]O;ZX]STYY_PZXS_P#7X_.C
MVZ?3T!X'X@]/K1_7]?\``LAB$`\_S..,'TR#GG\":BN0?)DP`Q*Y.[!Z8)8=
M,,J@L.OS#'J*F'MV_4Y((Y_F<"JUS_Q[OQC`3H.`=ZY`R`3CL=HSG[OJ?U_7
MJ!_N1_!'_DC'PB_[)AX!_P#44TFOAW_@CY_RCT^"7_8S_M#?^M,_&.ON+X(_
M\D8^$7_9,/`/_J*:37P[_P`$?/\`E'I\$O\`L9_VAO\`UIGXQT#Z/U7Y2/TQ
MHHHH$%%%%`'Y[_\`!)?/_#K[_@GMGK_PQM^SKGZ_\*K\,5_E6?\`!7+C_@J9
M_P`%$O\`L\S]H;MD_P#)2]?'0<G^E?ZJ7_!)?_E%[_P3VZ_\F:_LZ],9_P"2
M5>&.F>,_7CUK_*M_X*X\?\%3/^"B6/\`H\O]H8>O3XE^(/4Y)Y]>W)I=5Z/\
MX@?GCTZ>_'KV[]A[8I.V,YX/4]N.X&?\><YI?KZ__JZ@?IGZTF<'TZ9R!@'Z
MXY[9S_(4_P"OZ_KT`7KU&.>>?;KD$'T_J*_U2_\`@UGS_P`.9OV?L_\`0^_'
MK\O^%P>+<?I7^5GGUSTP"<'.[Z<8X'^>O^J9_P`&M'_*&;]G[_L?/CU_ZN#Q
M;0-;2]/U1_0]7\&O_!2+_@V"_;W_`&Q/VZ_VGOVGOAU\6/V5-#\#?&;XF7OC
M#PII/C#Q9\4K+Q59Z//I&EV,$&MV6C_"?7-,M;]7TUDECLM8U"W<-#.LZ"1X
M+;^\JB@7]?=_PY_FL_\`$'=_P4M_Z+7^QIQ_U//Q@]/^R+\_4_6OPK_X*+_\
M$\OC'_P3&_:!L/V;_CGXH^''BWQO>_#SPY\28M2^%NI>)=5\,1:'XGU+7=,L
M[&>[\4>&/"NHC5H)O#M[).D>ER6*0S6BV][*7DCB_P!GJO\`,:_X.Z?^4KV@
M^G_#)WPEQT[>,/B<#^O'/3%`UU\E^J7ZG\O??D]<=3WY['.,]/\`#&:0=,_-
MW/?&,X&,\8YY)]>,;:7ICC.!^/3C`QW_``H],?\`UB..@[>W/Z9RM.GI^2?W
M6$`Z\_H>V>^<\@=_?OBOZA/^#1;_`)2O>(.O_)IOQ9^G_(W_``Q__4??'>OY
M>L\$DXQZ9([#T]?_`-?.*_J%_P"#17_E*[K_`$_Y--^+1[?]#A\,>>.^.N/Y
M4P/ZQO\`@Z8Y_P"",W[0..?^*]^`A_#_`(7#X2/\J_RM.F>>1R>_'H!GC_\`
M5UK_`%3/^#I?_E#-^T#_`-CY\!?_`%<'A*O\K//8=1CIV]NN/_U4``ZGGD^I
M&0<<=`?K_3K1G!`]>O7ZGOZ]..E+QV`Z#'3)X^OUQTXJ(S1<$2)Z8WIG\3D]
M>_/XTOZM]W^733U`EY_+&#D@Y]P!C^?X#-`)Y^OJ..G'!//7_P"M2#!4$'((
M!R,X((X(QSCCH#T.?>C.1QC/3!SC/?CK1_6O]?A_P0%S^?YXS]/3^5'3Z`=S
MQWSUR3V[<=15BTM+O4+NVT^PMKF_U"]FCM;*PL+>:\O;NYE<)%!:VD"2W%S/
M*S*J10QR2,2``37]._\`P3O_`.#6#]N3]JO^Q?'?[4CS_L6?!J\'VC[#XYT5
M]3_:!\0VOEZS"(]+^$KW-E<>#!%JNG6=K?/\4-4\)ZU!INJ6VMZ/X=\16_[N
M1A_7]?>?T=?\&?'V#_AUQ\3!9^7]H_X;5^+1U3;MW_;Q\*?@-L\W`SYATK^S
M@/,_>>5LQ\@4C^K"O@/]DS]E#]BS_@E3\#/"?P#^#,V@?!GP'XY^)^A6-I>?
M$SXER3>(/C'\?_&V@^&O!EK.VJ^-M;B@UKXG?$>U\$:/#9>"_`UEH^FWMWI\
MMKX.\%:9;)]AC^_*`?\`EMZ?U?S"BBB@#\<O^"UG_!57_ATQ^S#X1^,^B_#/
MPW\9/B!\3?BC#\)_!O@77OB$/`RZ=)>>`_'/B>X^(UW9VF@>(-:\7^&/!NL^
M'_#6E>)/#^CKX?>Y_P"$QTN!_&/A^YN[&2Z_B2^-?_!VE_P5<^)T=A;_``XE
M_9\_9R@L6U(S7?PV^%)\8ZSK(O!9"U36)_C?K7Q.T@?V2UM<O8/H>A:$)O[1
MN5U1-3CCL!9='_P=._\`!2CX;_MI_M5?#C]G7X&:]I/C+X2_L?:?XSTS7O'^
MC(\FG^+_`(X^/;_18/'EEX=UF#5[W3/$?@SP)H?@SPIH&DZY::7I,TWC&\^(
MOV:ZU[PZOA?6I?Y;/7..,=O3J><>O!Z#^9_7]=?ZU#^OZ_KT/NCX^_\`!3C_
M`(*%?M12:FGQU_;)_:!\=:3JWB"Y\3W/A%_B'K/AWP!;ZU<O>%KG1_AYX3FT
M+P5X?@M8M1OK/3+#1-!L++2=.NI]-TR"SL9#;GX8NI9[V>2XNYI[VXG8O)=7
MLTMW<.[%VDDDDNGD=G<\[LN2S;G4JHR#D9Z9Y.<X`SU[XZ^V?Y;OA7PKXG\=
M^*?#/@?P-X<UOQCXW\9^(-(\)>#O"/AC2KW7?$OBGQ1XBU"WTK0/#?A_1=-M
M[K4=6UK7-4N;33M,TVPMKBZOKZ>"UMXI9Y$C8O?=O3379:WM\[W5N[OJ))*]
MDE=W=NKLE=]W9)7[)+9(^E_V%?V2/C?^W'^U3\(OV;/V>(X+/XF>,O$*W]AX
MGO[]](T?X>Z)X7BD\1^(OB)K6JPYGL=,\&Z-IMUK4:Z8MUK>JW]O:Z'X>T[5
M/$>HZ9I=Y_L)ZU\5?A=^QC\`?A==?M4_M&>&=&TSPYIWPI^#FL?'+XQ:YI7@
ML?$;XD7]EI7A"UUS5[C4M2FM+77/&NL6U[XGUJ,ZA=6>B61U[7M6U"'0-$U7
M6;3\J?\`@A__`,$HOAS_`,$E?V1I_B!\;+'P=H7[5GC_`,)WOC+]J/XKZQXD
MT;4-#^&_A/29+OQ!9?"_1?&,]OIVB^&OA_\`#WP]:6>K?$._MM1O](U_Q]::
M_P"([KQ=KOA#1_`B>'OX:O\`@O;_`,%=->_X*@?M-SZ!X'U&VB_9#_9\UWQ;
MX<_9_L+"ROK-_B!)=WEOI^O?'#Q'_;&E:1XCDO\`Q_;:-I<OA7P[K%A81^"/
M"4-CIL>C6WB;4_&6K^(4K^=NU]/7O=:K77?34=E>]E=)J_6S:ND];7LGYVUO
MH?ZN&@:_H?BK0]$\3^&-:TKQ'X:\1Z7IVN^'O$&A:C9ZMH>N:'J]G#J&DZSH
MVK:?-<:?JFE:I87,-]8:A8SW-G?6=Q#<VTTEO)')7S%^VM^VQ^SW_P`$_O@-
MXA_:,_:6\3ZMX:^'FB7D.AV*>'_#&M^*]?\`$_B[4[#5+_P[X*T#2]&M9H8]
M9\2R:5<:?IE]XBO=`\*VMZ\#^(/$FAZ<7OH?\7OPAX_\7>`-6T?7?#/B+7=(
MN-"U?2M>MX--UC4[6TDN](O8;ZV$EO;7,43Q"2$+^\CV+&S;E7!6O]:[]N*S
M\"_\%./^"(GQQ\1Z*LJZ!\??V+S\>O"&F^&O$6FZO)I7C_P?X5TSXY>"/"EY
MKHTR2SOE\/\`Q/\`!NC>%_&,"Z7I^HR+I^M::@T#6")=-JU]KO6VW?;YO73R
MZ]%S)/WG%*W-J];+XFUHE%)QUYNNO+HW_GC?\%!?^"Y?[:G[:G[7FF?M+>!/
MBC\2?V:-`^%PU[0OV=/`WPM\>:WX;N_AKX2U]1:ZU<:KJ^A7-A_PD7C7QSI\
M-M'\0M9GA6TU:V@LO#T%G#X:TK3M+L_TR_9!_P"#O/\`;H^$\]CH_P"UK\//
MAO\`M:>$S?:A=7_BC2M/TSX'_%U(;FQBM[&RM-0\%Z1_PJV?2]+OH1J`AF^%
MT.K:@EW>V<_B***2PFT_^2J,L8U)R&P0X(PRL"5=-I`(*L"G/.!\V[EJ?U'.
M0?;KQVZ]_KQFE?T_/39[^ORT:U'OITNGNULT^C3ULK]UH[IM'^LQ^RA_P7T_
MX),_M_Z-XB\`3_&+P[\+-5UW2M6T37_@Q^V+IWA3X8'Q=X6U:WTS1M1TP7GB
M#7O$'PA\;VWB)?$<VB2^!].\;ZUXDU2SM==FN?#$GAZV;4)NNTG_`((#_P#!
M,/PG^U_\-_VT?A]\!_\`A6GQ&^&'B[_A8.B>!_`FN3:)\%[SQ_;7NIZMH?C&
MY^&[VUU8Z-J'A/6KVQUOPQI7@F]\)>%=(U+0="">'I+2VNK6\_R.&57&'4,!
MR`1GGIG&.H!ZCU/UK_3(_P"#076KS6?^"7/Q"%]J^H:M+I'[9'Q4T9/[1U"]
MU!M,MX?A9\"[JVTRT-[-*+.RCAO(;B&SM/+MDDNI91$)IIF(FUL[;:]59III
M[IZ;K7IM=,:4OBUMT;=I)KEY6KI25F]'=;.R:37]45%%%`!7\6__``=M?MI_
MMR?L\>'?@I\"/A!XPB^&?[*_[3OP]\>>'_B5XE\(I:6WQ&\=^*/#NM:8WBWX
M:ZGXE::;7O"G@23P?JWA1KF'PM'X>N/'%AXA\:>$_$FK>(/"\FHZ#%_:17Y*
M?\%@/^"5'@K_`(*U_L^^!/@GXA^)C?!?7?AW\5K'XF>'/B;8?#O1_B'KEO;Q
M>$_%7AC6?!ZVFH:_X5O+3P_XDEU_1]8UJ*QU^T2]U+PAX>EN[>[%E!);G_#:
MW[KS6O17ON'5:VL[^O2ST;TO?2SNM[73_P`?]=J*````?E```'<84?*#R,Y4
M<@4X]N>G7WX_#Z_T]/[!/BM_P9O?MJ^'1XGO/@]^T]^SI\2K#36URX\,Z;XL
MLO'_`,./%7B:RLA/-H]I);6VA^,O#.C^(-:A2&$VEYXG&A:;?3I%<^)I+!)-
M4'RKX0_X-4O^"JDGQ[\$?#WXB?#OP-8?!6_^)VA>&?B#\?/`'Q=^&7B32?#O
MPYD\0PV?B7XC>'O!'B?Q/X'^(NOQ6WA]+K5]$\/W'A31_$E_*]E97NEZ7<R7
M*6A:WWM;I[?/;L]GK;J).^U]E+5-:2VW2L^\=X_:2NCX(_X)G_\`!&']M+_@
MJ5?ZEK'P-\-:)X-^"WAG7&\.>,/V@?BA>W.B_#K2]>73)=5;P[H%O8VFH>)O
M'OB-+9+2*_T[P?HVI6OAR;6O#\OC+4_#6GZ[I=[<?U\_"7_@S7_8AT'PW);?
M'#]I_P#:B^)WC)KZ=EUSX<'X9_!SPQ%I36UJEM:KX2UOP?\`&#56U&*\2^N)
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M]*O[#6-%U*))+#5]&O;'5=-NKBPNX+A_]R&OY3?^#K;_`()[>&OVB/V*4_;-
M\+Z5I-A\;/V/6M[G6-8BMK*TU7QM\!O%6N6.F>)?!]_>PZ1+J>MR^"_$VJ:=
MXY\&V6IZQ::5X<M+SXG-IEM)JWC"1+HUZ*[;2LO-V!M)-MI))MMNR26K;;TL
MDGV\V?YI'?\``G'Y?Y_EWJM<\6[<YSMYZ_QCWXZ?I[U.""00005R,'.<\CG'
M(QR.^#GN:BN-OD2;LG@<@9.0PV]<\;L9[D9VTOZ_KTZ?H!_N0_!'_DC'PB_[
M)AX!_P#44TFOA[_@C[_RCT^"7.?^*G_:%Y]?^,F/C%7W#\$?^2,?"+_LF'@'
M_P!132:^'?\`@CY_RCT^"7_8S_M#?^M,_&.F/H_5?E(_3&BBB@04444`?GO_
M`,$E_P#E%]_P3W_[,W_9U_\`55^&*_RK/^"N7_*4S_@HEVS^V;^T,`??_A9?
MB#'O[XZ?GS_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)*_#'7WK_`"K/^"N/
M_*4W_@HE[_MF?M"]L]/B7XAS[#V]Z75>C_.('YX\#Z@'!ZG\#G/?UI/0`GW/
M7&.#VYY_'\*4\=N.GXGCCH1C^OM2<]SQVZ=L8ZY.3SW_`%H]->W;^NOZH!0>
M.<_3@'GMVP<'_P#77]17_!+[_@Y?US_@FK^QYX!_9(M?V.M,^,-IX%UWQWK4
M?CN?XX3>!9]3/CCQ=J7BHVK^'U^%_BM+;^SI=5FL1-_:\QO%2.816S;T?^74
MX'.,^X].30>O4=L@]^W4^@'`]N:?]?B!_<I_Q&J^)_\`I'3H^..G[3]T?Y?`
MOG]*A_XC4O%_?_@G=H/X?M,WH_//P3/Z8Z5_#C^F`.^3WZ^H]./UZ)P><#OC
MU!ZG@C&<C^OU7]=M/G_P/OW#^Y;_`(C5/$__`$CIT?O_`,W077_SB_P/IU]J
M_F=_X*S_`/!2+4/^"I_[4UA^T]??"&S^"<]C\)_"/PN7P=:>-9O'L4R>%]7\
M2ZL-=?7IO#OA9B]\WB22`6$>DQQV\5E$//EEEDD/YF<D?G[Y]B#@\^G3WQ2<
MY)]L8.`#U..IYQD=/7%/^E_7];!^HOMRIXYZ8YX&>Q!I,\XX`Z#MR<]\<'';
MU.,TH_'N?7N>.,]/Y?3`.P/4]>,?IG_.*/Z_S`,XX_7J.>V>Q/Z'IR,5_4'_
M`,&BW_*5W7N,?\8G?%KTZ_\`"7_#'GC/\_SK^7LC(Z^A+8P<#GUQUZ>W3O7]
M0O\`P:+?\I7=>_[-.^+6/;_BK_AE1^O]?U?4#^L?_@Z7_P"4,W[07_8^?`7_
M`-7!X2K_`"^_@]\(?B/\?/BM\//@?\(?"]WXU^*/Q8\8Z#X#\!>%K2YL;"76
MO$OB*_@TO3+:;4]4N['1]&T]+B=9=2UO6;_3]$T6PCNM4U>_L["VN;J/_4#_
M`.#IG_E#-^T#_P!C[\!/_5P^$J_#+_@S=_9!\,^(_&/[4?[;WB[PI=ZAKGPZ
M7PW\`_@IXBU#2;2Y\.Z/JOBK3KOQ1\8]0T*]O=,GE@\>:?H"_#S0&U#0M5L+
M[1O!OCGQ)H^JP7>F^-H0@!^E_P#P3._X-6OV2_V:M$\-?$/]N"UT+]KC]H&T
MO%U2X\*R7&JR?LR^$+JUO]*O]*M=+\&:EI>@:G\4Y+=].O(=3O/B?8OX0\0Z
M;KEQH][\,HQ9)JE[^^__``[O_8`_L_\`LG_AAG]CO^RL_P#(,_X9D^"W]G?Z
MORO^/+_A"_LN/*^3'E8V?+CM7V-11]WZ?*]WZ:M^8*Z25VW9)MV3=E:[Y4E=
M[NR2OT/Y8?\`@H7_`,&K/[#O[17@.YU7]C32-._8Y^/&E1ZYJ6GWNGWGC/Q7
M\(OB/=RZ3_Q)O"_COPEK/B+69?!%F-9L[.*+QI\-K2&]T.QU;Q#J&K>"_B'=
MIHMAIO\`+Q^QG_P:Z?\`!2G]H[XD:UH?QR\(6'[(7PO\%^,]5\*>,/'_`,3+
MFQU_7=8E\.ZQ8:=KC_"/P3X;U*XN?B!97=I>7&I^$_&EQJN@?"[Q1!8W)T;Q
MS>A88I?]26OQ<_X+D?\`!4#XB?\`!*C]DKPY\<?A?\%M,^+'C#Q[\5]#^$>A
M:CXQU467PV\"ZKJF@^)/%::KXRTK1]9TOQSXD?5=+\):OI^AZ3X<?2M.%VMQ
M?Z]XMT6:UT70O%IN[O5WOK_7]7!))))**2222LDEHM%LDM-%T(?V+_\`@DO_
M`,$RO^"/O@/3_C3;:9X&\.>/?A]X4ETSX@?ME_M"^,K#2]65O$]Y%I.IZQ)K
MGB_6K/X=?":PU>;5+;P?IEOX4L_#LKZ%=Q>&]3U;Q!J.KZYJ.O\`XH_\%,/^
M#MSX3>!K'4OAA_P3.T#_`(7#XWE74;'4_P!HOXF>%=:T'X4>'8+OP_`+&]^&
M7@S69M$\:^.?$FDZW?W275]XZ\/^%_"&GW_AJ/[#I7Q)T#Q&M]8?Q>?MG_\`
M!0K]L7_@H'XSMO&G[6'QR\5_$Y]*GN)_"_@]Y+;P_P##/P1]JM+"PN_^$*^&
M^@Q:?X/\.W%_9Z5ID6KZK::5_;6O2V4-YKVIZE?;KIOC`<?E[]2?U[YS[>M#
MUW_RZWTM9)7ULK+R$DHK1=KMN[=DDG)N[D[))N3;=E<^D?VG/VP?VG/VS/B5
M/\7?VGOC7X[^+_CIIKM]+OO$NM3?V1X2L[G4KG5_[&\!>&+$67AOP%X>MM1O
M;JZL=`\):5H^E:?+,XM;6+<SU_2Q_P`$Y?\`@[._:6_9\TOPM\*_VYO!5]^U
MC\--&32]%@^+VAZEIV@_M&:#X>LTT#2EFUJ6_2V\*?&?4-)T33]5NEF\5W?A
M7QQXR\1:BVI>,?BG>7+SW4G\BW!`'/.>O7OZ\XP.,^]&<8SUX!XZ\@>W&3_A
M0,_U,_V8/^#H/_@FO^U;\>/@_P#L\>$-(_:5\"^./C;XTTSX>^#M0^)?PN\*
MV'A>#QCXA:6S\*Z'K6I>#OB3XVO[.7Q1KYT[PQI=W::3J&G6VL:UIUQKMYI&
MAQZKK&G8W_!T7\9OVN_@G_P3>U/Q)^S)XFUWP/X0UCXE>#_A]^T;XE\,^')+
MCQ(GPD^(NG>*]'7^SO'MIXA%W\.=`'C2P\(^#/&,]QX32?Q8_P`3?">@:+XU
MTJ%?$_AWQ+_E[Z+K6J>&]:T?Q'HEP]GK/A_5M,U[2;I,![;4]'O;?4;&>,Y&
M)(;JV@=>N&7.2>*_U\-5M?!7_!:#_@CK=0VW_"+W:_MG?LH":P>=_%6@^$?!
M7Q[_`+#2ZT^2=H/MWB:#2OA%^T)X<MY+B-5\0P7J^#WBEB\5Z3<O'J:WL[VZ
MM*VNEK/1NRNG=6V5W:Z9VU:LVVE9IZ6MJF_[VCB[I:VNG_C]XSTX;!^?[S?.
M0SG<W+.Q'+-ORV&;-*<]>_IU'&?;/K^/K5J]L;W2[V]TO4K>2TU'2[N[TS4+
M65"DUO?6%Q):7D$J$#:\=Q%)&RD#:RL&4!<56/./IT/]1^/3I\O;J7I^7_`_
MX`"'`&6P,`DMG`&!TW'!')/4X_+-?WD?\&L/_!&[3(-(TG_@I[^TSX,LM3U3
M4GD'[%_A;5[R"[M]"M+&[UC1O%?QV\0>&C8OL\0W-_9QZ)\(6U/4(7T6RM_$
MWC8^'I+[4OAMXJTO\/\`_@@1_P`$;O%G_!2_X_V/Q2^)?AR2U_8K^!7C#1KK
MXLZWJL.I6VG_`!<\4:9)8:[%\!O"UW87FE7MW>ZMILMC=_$'5-(U"%_!7A/5
M;&>YN[36?$OA2UU7^TC_`(+P_P#!6_PW_P`$G/V7/#_PR_9[N/A]8?M7_%31
MH?"7P)^'<-A9/:?!CX9:;IU_HMU\;)/`UKH]WX9B\.^"9M.L?"GPU\+>)5TS
MP_XD\62AK'1O&'A;X>?$#PW&=.[O]VBWZ:[Z-;/35,-;]E:^JW;:M9J6EDG=
M2C9J47&6C1^'7_!U3_P6!M/$-_??\$POV<?%^GZCHVCW>GZM^USXX\*:YJK2
M-XITZYOSI_[-KRVOV31KR#0]NG>+?BG#;W/B"*#Q&/#G@NYET#Q%X0\;Z(?X
M=``.%P`,8`&!M`P`,8_`\]ZLWU[>ZE?7NJ:E=W>I:GJ=Y<ZAJ>HWUQ)=7M_?
MWDTMU>7][=3.\MQ=7ES*\US<2,\LTLC/*3P:KCUYZGJ?<@^V../\:&]M?)7^
M^R_'\Q))7:23;N[+=V2N^[LDKOHDMD'3/_`CSD]/7';'XX&*_P!1[_@U;_:4
MTKXX_P#!*+P'\-))+2/Q;^RS\1?B%\%]?MCKL&HZOJ&BZIK\_P`5/!?B>XT3
M[+;7OA[2)]&^(#^"](29]1L]2N?`.LWEEJAD2]TC1_\`+@Z`\DG&<9SCZ=#C
MT_2O[$/^#.']H.;PE^V!^TO^S9J?B?3=+\/_`!H^!UC\1]!T#4[O2;.X\2?$
M+X/>+-,TZ&P\.K?%-5O]9@\"_$#QGKMUH^BNS7/A_0-6US4;.ZL_#D-WIIZN
MW]:+3N]/ST&W;HWJK6M=:K75I>ZM7N[+1-V1_/#_`,%0/V6KK]B__@H-^UK^
MS@]A>Z=HO@'XQ>(KOP%!J6H:5JFH3?"KQQY'Q!^$]_?7NAE=,FOM1^'?BKPW
M>7ZPV^GSVM]-<V-_I>D7]G=:39?!N<D=B#]>W(].OKW7CO7]>/\`P>&_LT#X
M>_MN?`C]IW1?#8TWP_\`M%_!67PIXGUV*]ENE\1?%/X*ZN=.OKJ\LY;^ZETR
MYM_AGXJ^&&DVHBLM+TG4;?19+C3_`+=JMMXBDC_D/'/Y@\C)Z>N?E/(X[\FE
M\_ZTOT_KI8!."3]"/4_0^_MN]Z_JS_X-1O\`@HIX5_98_:U\:?LE?%2Z.G>!
M?VU;GP'H7P^U^/3+S4)=%_:$\,7^HZ7X#T&\EMK^--,\/_$C2/%.M>&[O4/[
M(UF?_A-+#X>PR2:%H$^OZI'_`"F%@H))XY))PO3J3_#@'W'&,5_H(?\`!K1_
MP1N?X7>&]#_X*<_M'>&O$>D_%CQCINM6/[*7@;6[0Z3!X1^%7BOP[_9.I?'&
M^MS>?VG>:[\5=#UK6O#_`()T_5-/TK3],^'#W7BV%/%$?Q%\-:AX2/\`A_/I
MTM_PV@?EI?[_`.ONOT/[6J*_DX_X*4?\'1_PW_81_;9US]ESX=_L_6?[2_AG
MX5:-<:'\</&&B?%K3?",^B_%Z^N-#OH_"'A"\LO#GCK1]37X;Z.NLZ!\2=)U
MB/3-93XA:F_A>2?PK=?#?6[?Q?R\G_!Y#_P3S3P2=13]GC]L9_B!_P`(T;O_
M`(1-O"WP@3PH/%XTIIAHDGCH_%]M43PV=;`L&\5KX#DU(:6?[8_X0S[5NT57
M_2`_KOK_`#Z?^"R__!RU^U!X#_;=U[X4_P#!-KX]^%M'^!/P8T>W\$^+?%5E
MX#^%WQ/\-?%SXJ6]U=7?C#6="UCQOX!U/5+?PWX3N+F'P)8W/AC73X?\17WA
MW4_$^CZEJFCZOI=Y7]<'[9_A7Q9_P49_X)4_%:P_92\=>,/`?B3]JC]EW0_B
M'\#_`!#I&HVWA?Q-K%KXP\.:!\3O"G@35=2B\0Z=I^A:=\6-%,'PR\:W4GB%
MM+T_P[XOUV2XEU'3XI(+K_'/N+6YT^:XT^[M9["[LYY[.[M)XGBN;.]MIC;7
M-K<0RJLL5Q!<))'*KH"LD;B4*1FC^O\`,>W]>C_K3_@?U3?"/_@[V_X*7^!-
M*.E_$GX>_LR?'"<WC7(\1^(/!?BKP/XE6%H+.#^SU'P]\7:%X5%I&;:>ZC=O
M"KZ@;O4+EI;Z2PCLK&U_H_\`^"4?_!RSX*_X*9?M5Z)^REJO[)GB+X">*O%/
M@WQKXF\+^)(OC)I'Q3T.]U#P5I\>N7FB:C;2?#SX;:A9+>>';;6KV+4;*+5Y
M8;[3[.PETP6E]<:KI_\`F+`#//?U'(XY`['Z`\5]E_\`!/3]L+Q+^P)^V=^S
M_P#M9^%[*35F^$GC9+SQ5X?BEM8IO%7PX\2Z=?\`A'XF^%;>XU"RU2ULKWQ!
MX$U[7M,TO5)+&YET35)['5[!$O+"V9!ZN^BVV5KV26O2^EF[-O>]VQ+MYO=O
M2[OO>]E?1/1+1)))'^T_17EOP9^,GPP_:#^%_@;XU_!;QOH?Q&^%?Q)\/V?B
MCP9XS\.SR7&EZWHU\&"2!)XX+_3[^TN(Y]-UK1-6M+'6]!UFRO\`1=<T_3]6
MT^^L8/4J`"OCS_@H6MH_[`O[<2:B8QI[?L?_`+3"7QE56A^R-\%_&HN#*LJO
M$8OLYD\T2(\9!(;.,5]AU_+'_P`'4W_!0WP!^SE^PUKG['&F746K_'C]L73;
M33K+2].UO3$N_AU\(?"_C/P]K'B[Q_XHT=6NM8%EXOET>\^'7@F*6UTRQU[4
M'\8:GI^MR7'P^U/1;\5KZ[=;*[MZ75_2Z]0U6J5VM4F[)OI=V=DWI>SMV>Q_
MF6Q?ZJ+(S\D8Z=]H!Z@\>GY9J.Z_U$G`YV\CN-Z9/Y_Y];"@*`!PJC:!DM@#
MH.F2>@Y_2F3?ZJ3N#&_?T5CGW[?_`*J/Z_JW]?(#_<>^"/\`R1CX1?\`9,/`
M/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQU]Q?!'_DC'PB_[)AX!_P#44TFO
MA[_@CZ,?\$]/@D/3Q-^T+_ZTQ\8J!]'ZK\I'Z84444""BBB@#\]O^"2W_*+W
M_@GM_P!F;?LZ?I\*_#%?Y5O_``5R_P"4IG_!1+_L\S]H;_U9?B#_`#V/Y<?Z
MJ7_!);_E%[_P3V_[,V_9T_\`55^&*_RK?^"N7'_!4O\`X*)?]GF?M#`>G_)2
M_$&.@/('_P"JEU7H_P`X@?GAG&<^W0<CCKGJ1DGMVZ=:4?7)'!X_+CMU'/Y^
MR<'&#D9ST/'!'^?KZ\T'L?8]!SZY[CMQ[^N:/+;^O(`Z$8[=,$8.>!SWX&>_
MMGOI:-HVL^)-:TCP[X=TC5?$'B'Q!J=AHF@^']!T^ZU;6]>US5[J*PTK1]&T
MFPAN-0U+5=2OIH;+3K"QAFNKRYGB@@ADE=$K-X(Z=^1[]>_7G`]/PK^U'_@T
M2_X)V>&_B9X_^*?_``4.^*/AVVUG3?@OKB_"/]GNVU>R@NM/M_BA>Z/::W\0
M_']O'<Q_+J_@SPOJ_AW0/#5X@FAAN_%_B"\@DM]6T6QN+9_U_7]=`_0\9_8L
M_P"#1#]K;XW^$-%^('[6/QE\,_LFZ=KMG9:I8?#73O"TOQ7^+MM974<4\<'C
M"RBU_P`*>$/!>HR6TJN=+C\1>*M7TV?=8Z]IFE:C!<6,/ZF+_P`&8W[*(T@0
M-^V1^T8=>\G:VI+X2^&"Z0;@ODR#1#I3W@@V?)Y!\0,^[]Y]IVX2O[,Z*!W\
ME]WIW]/35G^?/\??^#,SXY^']/N-3_9F_;(^&_Q-OH@[1^%OC)\.]>^%-Q*@
M16,-IXJ\):S\3[*XN9I`$2.\\/Z3;1G8TMY\P6/^5[]LG]A_]IW]@/XN+\%/
MVJOAM<?#;QW=Z'%XIT&!-:T'Q)HGBGPC<ZGJ&CVGBCP[KWAS4M3T_4=)NM0T
MC4[1"TUM>6]Q:W%K?6-M=PRQK_M<U_F_?\'DW_*0K]FS_LS/0N^.OQO^,O?G
M\/>C^OZ_`.C\E?\`%+]3^18$>OUS]!SP,<#'3C\:",_KT/<8Q[$C'>CCICU'
M3'X9[9SQTR?U,#U_$')!ZD9QD]^.?48H$+Z]>?7CV`S_`"QG]1G^H/\`X-%O
M^4KVO?\`9IWQ:]^GB_X9#D^O^>U?R^'Z\>F,Y]1],>WX]J_J$_X-%_\`E*[K
MP/0_LF_%H>W_`"-_PRZ^H]J`/ZQ_^#I?_E#-^T%SC_BO/@+^/_%X?"7'4?Y[
M5\$?\&:/Q4\,:O\`L2_M4_!*T_M#_A-/AW^U/'\3_$'F0VXTQO#/QC^%/@CP
MUX1-G<)=O>27ZZI\%/&:ZE#/86UO!`NF/:7=[-<W<6G_`'O_`,'2_P#RAF_:
M!_['SX"_^K@\)5_`S_P1>_X*87__``2U_;8\,_''6=/UGQ)\$_&FA7?PP_:`
M\(>'DT^37-3^'>M7=K?1>(?#ZZE;302>(?`'B>RT3QCIVGPW.C7'B6TTK5?!
MK:]H=CXCO=3@`7]7_I'^P)17E?P:^,_PL_:)^%O@CXV?!+QUX?\`B5\*OB-H
MD'B'P9XU\+WOVW2-:TN:66WEVEDCNK'4=,OK:[TK7=#U.WL-;\/Z[I^I:#KE
MAINKZ??V4'JE`!7\A'_!X[\5/#GA_P#8*_9Y^#UY'>/XM^)O[4.G^--!\M;8
M6$6@?"KX>>-+3Q5-=.]P+O[2+WXC>%H;.&WLIH9$FO9+J[MI(;."_P#ZJ/B]
M\8/AC\`?AGXT^,?QH\<^'?AO\+_AYHMQXA\8^-?%5^FG:+H>F021PK+/.P:2
M>\O+N>VTO2-*L([K4]:U>\L-&T>SOM3O[*SN?\F#_@ME_P`%.+C_`(*E?MG:
MY\6_#MEK.A?`GX>:.GPU^`7AK7HK*/5X_!-A=3W6H^+=<BLK:%;?6_'>OW&H
M>(YM,N)]3N?#^F7>F^&FU;4H-(BNYC36_;1:ZNZ[6LUNK]K:IL3YM+)V<K-I
MI623;W3NF[0:5G:3::M<_(3MR>IZ@CM]>G3D<^M''/3C/IUXSD]NG_UJ!P,?
M4=B!UZXX]N._3UI,^G`'M@]N.2.N>I'^-`Q?;_/MR?YYX/Z!P!W_`)<^I(QC
M)_\`K9I.G&>QZ8!'(`'L?3IGBCL`.N.,C@^H_'N.O.:7_`V[?U^&VH"__7[8
M^N??/X]O6O\`16_X,]?VN1\0_P!DGXW_`+'?B/6S<^(_V<?B+%X\\`V&J>*%
MN+Y_A/\`&-+FZOM*\,>&+H?:[30/"'Q)T/Q+JVN7^FRSZ8NL?$_34N[?3;Z_
MBEU?^#']D?\`9@^*/[:/[2/P?_9?^#FGQ77Q!^,GC&Q\,:9=7D6HW&B^&M-V
MR7OB3QMXE.DV>HZE;^$?!/ANRU7Q7XGO;*PNKBVT/2;V:*UGN`D3_P"MG_P3
M5_X)8_LM_P#!,+X-:+\.O@GX2TS6OB/=Z6J?%3]H+7]"TU?BK\5];N?[/FU9
MM2UL"ZO]`\$+?:;9OX8^&FDZFWAGPW;6=O<RIK/BJ[U[Q1KI_P`#UZ;Z_K]X
M?TOP_KJ?P^_\%CO^"!G_``41UW_@HI^TY\6?V9_V<?%OQQ^#'Q[\>^.?CWX;
M\8^%=7\!6[PZOXFTW_A9/Q1\-:IHE[XS36=(U;1O%.IZ[I'A2VUJRTZ\^)ES
M':V?@6RUC7+S^P;7\B/@#_P1S_X*#?'#]KOP#^QUJ_[-GQ9^#/C_`,76I\5:
MYK7Q:\!^)/!_AKP1\)].U.+3/$OQ7U?5]3T^*QO?".D7C-I-G=://J+:]XGF
MT_PIHB:AXBU33M,N?]B>BF^G?7FVLW=OW4DN56LK:ZJ][.RE)JZ;35URZ.ZB
MHQ5I2E*3G)R4I<WNZ-)IM.4OR*^)'BW]C/\`X(!_\$TKS4O#'AE=(^$WP/T>
MST3P9X+;7M$LOB/\?OC%XF:.VT^VOM=O8;0^)OB+X[U.WN?$'C#5=.TB\_X1
MOP=HOB'7='\*VO@SP1!H.G?Y2_[7'[4WQ8_;7_:-^*_[3_QKU1=0^('Q8\4:
MAK]Y96USJ<^A>$M(>8Q>'O`?A*+6+_5=0L/!W@K1DLO#GAC3[C4+R>VTG3[5
M;FZN;DRW$G]-?_!X!X7_`&N]-_;`^#?BGXH>(HM6_9`\2^";VQ_9<T/1=3(T
MWPIXP\/:3X57XXV7C#00L$L7CS5==U+2];M/$MQ#=66L^!+WPWHNE:K<WGA;
MQ%I6A?R#\X`[=SWZ'/`SS[YZ]O4M\]/Z6NOKYKJ5=O=6U?;OH]&U9K5=4G9I
M.Z2\=CW/MC/'?J"?K\WTI,\GOP<]>3D\`'Z'^0XHX`[<=>@Z]_09_"C'7..G
M/'?DGCOP?QYI??\`U;S_`*U^8*.A.<\_X\YQWSSSU_3]"_\`@DU^TO\`\,A?
M\%(OV.?CW=^)AX.\+>&?C;X6\.?$GQ#+IIUFVT[X2_$>Z;X<?%6XNM)M[#5[
MR]BB\`^*M?N(UTS3KG6;:2&.\T-4URVTZ6+\]#U'..?QR.GL,Y^IK]3O^"5G
M_!)C]HS_`(*L?&6;P1\*C'X#^$W@F\TJZ^,WQ^UW3;N_\,_#?2[N8RP6>DZ;
M!<:?)XS^(>IV]O=2>%O!%KJFE_;IH&N]:UGP]H-MJ6N6+_X'X@MT?W9?\'7G
M[.3_`!H_X)6:U\4-+T_07\0?LN?%_P"'GQ<?4KZV3_A(_P#A"M?NK[X3^+M#
M\.:DFFW=S%!>WWQ`\,>)=<TN2]TG3=0L?!D5]=376HZ)HMC<?Y?_``>/?/0X
MX.>HX!R._?K7^W'/^SWX4\<?LR6/[,/[0LH_:(\+:K\(-"^$OQ6U7Q[:3K=?
M%M++PM8^'_$?BGQ#''J-U?:?KGB>]M)_$C7MAK+ZIHNN7":CI>LQZC96VH1_
MCY\</^#8O_@C_P#&/PVVB:'\`/$OP#UEKY+Q/'/P,^)OB[2/$T<"0W<3Z:NG
M?$"\^(W@1[&XEN([R7SO!LM[%-8V:6]Y;6INK6Z.BWOUT5EMY^MUTMN[AUMH
ME;1ZZN[O=6T79W;=[-)*[_C*_P"#>O\`X(Y:M_P4=_:&M/C)\;/!FIR_L2?`
MSQ`L_CZ_N;FXT2Q^+WQ#L+%=4T+X0:#>I;R3:K8P74^D:W\4UTR2T?3?!TT6
MD?VSHFM^*O#]V_\`8%_P<2?\%B(?^";G[/5O\%O@]=VM]^UY^TWX1\7:7X%N
M;77X+:^^!7@"2)?#NM?'#4[#2=5M/%-EK[7-[J.D_!*X>&RT/4O'7A_Q#K\]
M_JUK\-=<\'^(?LOX\?&3]D__`(('?\$T=$GT?PIXCF^$/P%T.T^''P?^'-C>
M3WGBKXG?$[Q1/KVOZ?I.L>*&TVYT_1=3\=^*9/$OC'QQXPN]+BTC25GU_4=&
M\/W=R-$\(:A_DZ_M(_M'_%W]KCXY_$?]HOX\>+[_`,<?%3XGZ]-KOB/6K^0[
M+>(106ND^'M$LOEAT?PSX9T>'3]"\.:'81V^GZ/HUAI^G6EO#;6T42ET]O3K
MOY]GKY6Z]6%K7;OKJD[::):62=GJ[N[NVKVV\4N)Y[B2:YN9YKJ[N9Y+BXN[
MN:6>XN;JXE:2>YGGF9I)YYYI'ED>1R\TCDELG(9T[GCICTQC'O2'@8YQGH`N
M.<<>X)]/SZT'TX';G'<=O7G\\&DOU[]-%_P?7[P/]$O_`(-#_P!OQOBK^SC\
M1_V`/'6JI-XR_9FNKSXC_!Q94"W&H_`GX@^(I)_$VC(EGHL*2'X<_%;6[B\F
MU77/$%]JVH6'Q4T+1-,L;31?""[/YW/^#FK]@>V_8R_X**:]\0?A_P""-/\`
M!GP$_:RTF/XM_#ZT\.VFJ0^&=*\>:?;:=HWQL\*6[ZA;_P!GV6J'QB\7Q&G\
M.:#>3Z5X>T/XDZ!9Z9:Z-IAL=%T_\W_^"5W[:TW_``3V_;W_`&>/VI[FTFU'
MP=X,\5R^'OBMI5M:3:A?:C\(?'VG7G@SXC-I.G1:QH$>H>)=#\-ZW>>*?!MM
M?ZM::3_PF.A:#)JXN=+2\M)_]%/_`(.'_P!B[3/^"@W_``2^\4>-OA2WAGQC
MXZ^`=O:?M2_!SQ1H<>@Z\?%W@G2O#-]=>.-$\*>,H-0B0^&_&OPXU.;Q9;IH
MU]J-AXQU3PEX.BAT_4[N/1;NRI:NU[7UU=E=;?G:^ROJTA2:7O<MVE;W5>23
M<>:W5[*4DKN5M(RERH_RI3VZ]>@Q_7MQVI"0,DG&WELD#@>I)`Z`=\[>.]-0
MB1`XY4A6`.&Q@CKSP5('NKCK7VO_`,$Z_P!C'Q;_`,%`?VS?@3^RGX5:XL8?
MB5XMB?QOXDMDMI6\'?##PXC>(?B/XL-M>:EI,%[<:)X0T_4[C3M-.I6EQK&K
M&PT:P)O=2MX7G_AM?.W]>;T&?W_?\&FO[,'Q5^"?_!.K4/C+X]^(VM:OX2_:
MG\;7/CSX3_"&74-:N-`^%OA/P;JGB?P1=^(;?3]2\K3](\3_`!:UBQNM=UF/
MP_#<:?>^%-$^'NH7.J7&K75]I6B]/\6_^#L'_@F/\(/C!\4?@[JGA?\`:A\8
M7GPM\;^)O`=YX^^'7@?X2^+/AGXQO_"FLW6BWVL^`O$EO\<H+S7O#%[<V4T^
MCZS/HVF1:G8%+V&/RIXF?Z0_X+;?MJ^#_P#@E#_P2]U;P_\`!B:V\"?$/Q7X
M0T;]E7]DWPUHNKW5MJG@R,^%1X:?Q;H<\?B+3_%EI;?!SX<:=<ZKHOBFRGU6
M32O'<?P_M=:62+7`\G^3KEW<O(TDCN\CR22L'DD=W#/+)(27DDD.YRQ.6+.9
M?F*T_P#+LE?1*[T6NG^86MWW>[;>KON^FMDMDE9)))']TO[9/_!Y`=4\/^(?
M"?[!7[,^M^']8U"$6>C_`!C_`&D[W1C>:)#=:'+#>7]A\&_!&I:[I4NOZ9KE
MTESH-[K?Q*UKP_+;Z5#+KOA74TU:?2-._BW^/7Q[^,G[4/Q@\<_'OX__`!"U
M[XG_`!:^(^KMK?C#QGXA:T%WJ-R(8[.RLK&QL(+32=`\/Z'IMO::-X;\+:!I
M^E^'/#&@V&F:%X>TW3=)T^VLX_(N@..3]!Q]<8/Y9-&..N!CV!R0<\>@^O&!
MF@+_`-?UZ`,C/<#/UZGJ2>V/U]C4-QCR9-PXVGGDX/&T9'^V![?WNM3<$<?+
MT&/N]P<'U/I]:@N#Y=NZJ.`@0`Y(`8JGURJG().<].IH_K^OZ_$#_<B^"/\`
MR1CX1?\`9,/`/_J*:37P[_P1\_Y1Z?!+_L9_VAO_`%IGXQU]Q?!'_DC'PB_[
M)AX!_P#44TFOAW_@C[_RCT^"7_8S_M#?^M,_&*@?1^J_*1^F-%%%`@HHHH`_
M/?\`X)+_`/*+[_@GO_V9O^SK_P"JK\,5_E6?\%<C_P`;2_\`@HD<_P#-Y?[0
MQY!SC_A9>OYXZ\#VZU_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)*_#'7WK_
M`"K/^"N//_!4S_@HEQQ_PV9^T-^8^)FO]OU!I=5Z/\X@?GC@\X&/UR,GKT_4
M]3]:,=#^.<=<YSSZ9/'T[TGID<GIUXX['@C('3ZT#MG'X#@8/\_\.G'+`1B%
M!)X7!+'!.``3G`_'.,<FO]<?_@WO^!UC\!_^"0W[&FBV]G%!JGQ"\`7WQM\2
M72HR7&J:K\8_$6J^.M/NKHRQQ-)/:>%=6\-Z-'(5,9L]*M5BEFB5)Y/\C:7_
M`%,O.?W;\_52>G;VK_;1_8K\*+X$_8Y_9-\$QVC6"^$/V:?@7X76R:%(6LSH
M'PP\+:4]N\4:1QQ21FUV21K&BJX?:,86EZ^OW6_4/^&_K[CZ<K^`G_@KM_P=
M$_M6?#;]K3XM_LX_L)_\*W\!_#KX#^,M6^'&O?%;Q)X/LOB'XR^(/CKPE=OI
M7C:;2K779KOP?H?@S3/$-KJ?A_1H(-%U76M7CTP^(I-:LX=7M=#TO^]KQ)K4
M/AWP_KVOW`+6^A:-JFL3@HS9ATRQGO90%3YV_=V[_*JL[9^3(%?X9GB?Q)J?
MC/Q1XF\8:S<R7>L>*_$FO>)=5NI)&FDN=2UW5+W4[Z:269Y9Y6FNKF69Y))I
M)9'8EY78_,_Z^X>VOZ)K\?D?U7_LU_\`!WQ^W_\`#OQ%I\7[27PT^"O[1W@8
MSVBZS_8VBW/P<^)"VOF!;F;1M?\`#MQJG@M9C%YDOV;4?A_,EQ<0^4EU8Q,T
M@^'O^#@G_@H[^SY_P4]_:-_9M^/W[/+^+].TK1OV7=*\">._"'CW0'T/Q3X(
M\=6?Q3^)WB"\\-ZB]O<ZAH6L*-'U_2-2L-;\,ZSJVF75G>1)+-;:C!J.EV/X
M*X`P">>3GI[_`$X/./QQR:4\^O(('`X../<=\_\`ZLG7^K?U^?RT7?S_`.!_
ME_3#'X],`=<`CZD_3WQU-'8=1V'3OVP<]OQ].XH[^F?IGZ8QC'TI?IZX.,<?
MS]N*2_I::?@M--`$]P?3/8G!YZG@>M?U"?\`!HKD_P#!5W7P>I_9-^+70$8_
MXJ_X8]^Q]Q]/>OY>QZ@\X]B!QC&>#GGU.1GI7]0O_!HM_P`I7=>_[-.^+7_J
M7_#'K_GKBA?E_7F!_6/_`,'2_P#RAF_:!_['SX"_^K@\)5_E:=?<'/IC\?\`
M/K7^J7_P=+_\H9OV@?\`L?/@+_ZN#PE7^5I@<>WKS@?KW/;]<4_Z_0#[*_8[
M_P""A7[:/[`OB:[\3?LF_M`>-OA*^K2)/XB\,VDFG^)OAQXKFAL[S3X+CQ9\
M,_%]GKW@;Q%?V=IJ6H+I.J:GH-SJVBSW4EYI5_87RQW*_L;%_P`'8O\`P5RB
M\/0Z,^O?L^W>IQ>'X]'?Q;+\&K*+7;G4$\7CQ*_BN2QAUB/PLGB*710?A\UO
M'H">%(_"K?VA'X7B\=X\9C^:C`]#^'4''<YZGGG]<X-)GC(ZD@]#^H'7`/\`
MG-"TOMJK/1?K>S\]UW$TG:]]&I*S:U7>S7,N\97B^J9_KW?%#PE\'O\`@NE_
MP2-8:!#IFEZ+^U?\#;/QE\/KW56>^'PG^-^D1RS:9:7&LWWA-M1?_A7'Q5T3
M4/!'B_7M"\-6=YKWARQ\40Z"4L]=MYI/\C3QCX,\6?#CQEXN^'GCOP_JGA+Q
MOX#\3Z_X-\9>%]<LKG3-;\-^+/#&J7.B>(-!U?2KV*&[T_4M,U:RO+&^LKJ*
M&ZM;B!HYXUE$BI_=[_P9^?\`!0)];\)?%[_@G)\0_$0DN_`TU_\`'']G*WU3
M4I'E_P"$7UZ]CC^+_P`/]&74==,,5GH_B:[TSXC:#X9\,Z`DDD_BOXK>*-9N
MW"1[?R4_X.I?V"G_`&6/V_T_:/\`">G"W^$_[;UAK/Q%A$++Y&C?&_PE_9&G
M_&?1BD^N:MJTG]O2ZQX6^)HU2\LM"TN?4?'NM>'O#UE-;>$KR2(ULKWZ6Z*U
M^FNU[Z>NX+EO+EM>ZYK6OS<L;<UK>]R\N^MK6TL?S%$COD=L>O3D8&<\_P`_
M3-''J>>W?.!G@=^/S].*7IU]O7G/J/\`/X4'H>W'!SV.>>W;!S^7NMM/ZM_P
M!B<\8]2/3ID<YSG\NO-'_P"HXP#R.@]@#T_PY#SGCMGC.?T[C/<8^;VS2XSG
M/?./88Q@<D\C_P"OBF!_9S_P9G?`#PUXO_:/_;&_:3UE-/O-?^"'PQ^&'PQ\
M'65_H%G?W%C=?'76O&>L:[XJT;7+F<W&@:OI>D?!]_"\@T^Q:YU71?&^K6<N
MH6EFMU9:M_H85_G?_P#!F7J?Q'M_VKOVP='T_0_&4OPAUG]G[PYJ7BSQ/9V&
MM'X>6?Q)\,_$70[/P%H&OZG&/^$?3QKJ/A?Q7\2=1\)6%X_]K3:)I/C2?34^
MR6^KL?\`1`HTT_'3K=[:ZZ6UTUNK:79=ZW2LGIJVVK+=65M;Z*^FM[NR****
M`/YPO^#ISX!^&OB__P`$D_BM\1=1BT^#Q1^S;XX^&/Q5\):G-H]M>:H1K?C?
M1/A;XBT"QU=IH+G1;'5-+\?#5]26$7MOJ5SX8TNTNK%IULM1TS_+3Z_GC@^_
MMW]OPK_3D_X.Q_VI](^"O_!,J7X!17VE?\)O^UY\2_"?@>QT>[M-1FU/_A7_
M`,,M=T;XI^//$VC3V[1Z?:OI&NZ'\//#E^^IO=>;8^.)$L;&6XSJ>D?YC1.<
M<9[XYX(.#TSGKZ=O3H7;LNRLO2]_S;WU^0DDKM+63O+S=HQ3^Z*7;3O<,''&
M/3MCL.ORD=.W`Y[XI>O^'^.1U/<49'(],GUXR<_7D_7CCBC\3V['W]<\?KTY
MY%%_Z[^8RU8:?>ZQ?6&DZ9;O<ZGJM[9Z9IUK&`7N+_4+B*RLX$R2H,MQ-%'\
MQ49?IVK_`&<_^";G[$O@S_@GI^QG\$OV6_"-OI$NI^"?"]M?_$KQ/I5O`O\`
MPGOQ<\01QZE\1?&=SJ":-H=_J\%_X@EN-.\-7>N6`UBP\%:3X6\/W;NFCVJQ
M_P".1\'-7T_P]\7_`(4>(-6=$TO0_B;X#U?47<HL:6.G>*=)N[EY2Y\LI'#%
M([&3$809925R?]R.DOZOTT7]=?4?3YO]/^"%%%%,1X?^T;^S_P##3]JKX%?%
M?]G/XQ:'%XA^&OQC\$:YX%\561M],GO;2TUJT:*T\0Z!)K.FZOIVG>+?"NIK
M8^*?!NOR:9>7/ASQ9H^C:_91"^TR!Q_BU_M&_!+Q)^S/^T)\;_V<O&-[I^J>
M*O@5\6?B)\)->U;1VNWT;5]2^'OBO4O"]SK.CR:C9Z=J$NDZP=/34],DO=/L
M;J2QNH))[.UFWVZ?[@E?XT'_``5I\5>'/&W_``4]_;\\4>$M2TS6/#FI_M7_
M`!I_LS5]$O(M1TG5K>S\9:C8/JNG7\$T]O?6NH3VDUY%>V<TMG=K-Y]JXMGA
M%%NOFKOSZ?E\["NKI75VFTKZM*R;2WLFU=]+KNC\]>#SQ]><G;TQ@')&..W'
MI2'GCCIQW.-NT$\\_KGCIV".!Z#'7`'0C!],CCIQZ4<CD<G(ZY'/J.N.#^&/
M:E_5_P"EUZC$9058'E2IR,D$K@@C.<\\X[>@-?Z<_P#P:K?MY:M^U7^P/J7[
M/?CC4-3U?XC_`+$FJ^'/APNM7[3W3:G\&/&=OK^H_!>.?5+O6;^>YOO#-GX9
M\7>`[:T@T_2-,TOPEX2\(VEFEQ.+Z9?\Y;]EC]FKXG?MB_M&_!K]F+X/6'VS
MX@_&GQYH_@K0YYK;5;S2?#]M>L]UX@\;>)4T/3-8U:W\&^`_#5IK'C/QGJ-I
MIE[+H_A30=;U8VLT=CD?Z_?_``3P_P""?/P'_P"";G[-W@G]G[X+Z%I$]_I.
MC6B_$CXKOX7T'0O'GQF\8?;-5U:_\7>/-3TFV&H:PT&I:_JUGX1TO6=4UU_!
M?A1M-\)Z;J=Q8::LTQO_`%MUU`_CZ_:D_P"#/[]H3QQ^TS\<O&?[-OQW_9N\
M"?L^>,O'FN>+OA1X-\9O\5X?%?@S0_$T_P#;<G@C4[&P\)^*;!=/\':G?W_A
MS0-:C\7:Y?:[H&F:5K.J6VE:C?7&CZ?^TW_!`G_@A?XK_P""4=Y\>/BI\??&
MGPP^)7Q]^*D>E?#_`,*:Q\++CQE=^'?!WP<TR:P\1:IIS7WBS0_"%S<Z[XY\
M9PZ7>Z_8MX9N(-&L_`?AF72O$EV=8UFQLOZ4:*+?/UWZ=?EJ._DOZ]?TL?Y5
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MYL0`]AT)SQZ$8S\I&#QT_P`*",XR#U'ISU_3K2^P//Y'KVQ@_0_2DSG@'G'.
M0#TXP1QSS_.COTZ_E_E_6X!P?QZYYXSGUZ9QC&1G''I!=_ZA\G)^3&>OWAZ?
MX8[=:L;1G)_'CKZ=<]O3K5>[!,#YQQMX]]ZX/0'/4<_TH^?I]U_GW]`/]R+X
M(_\`)&/A%_V3#P#_`.HII-?#O_!'S_E'I\$O^QG_`&AO_6F?C'7W%\$?^2,?
M"+_LF'@'_P!132:^'?\`@C[_`,H]/@E_V,_[0W_K3/QBICZ/U7Y2/TQHHHH$
M%%%%`'YY?\$D?^47'_!/'_LS+]G'_P!51X7K_*P_X*X\_P#!4W_@HF1S_P`9
ME_M##N/^:F>(.XS^77Z5_JI_\$EO^47O_!/;_LS;]G3'_AJO"_\`7Z_TK_*L
M_P""N0_XVF?\%$B<<_MF?M"C!XP?^%E^(.C8R>?8?A2ZKT?YQ`_/$=,YQCCT
M`QZX!QP?FXX]!BCVX&1R!C(..<#G/_UN]'XYZ=<=.G7HQ;'&?;OBE)Q_,].V
M.O3T'/0'!H_X'>_S_KUZ@0S+F,KN(5BBL5()VM(JD`D<_*2.N/J.:_W*?A##
M'#\)_AA!$H6&'X>>"HXTW,Q14\-:8J*&8EOE4`AF9F/KT-?X:UQD0N5RK*0P
MR"3\C*V<%3D_+_$,#'S-MR:_W%_@5JMOKWP2^#FMV<T<]IK/PL^'NJ6T\(D6
M&:WU'PCI-U#-$LA,BQ2PR(T22895==X+\!_G_7K^8&9^TAJ-QI'[/'Q[U:TM
MEO;K2O@Q\4M2M;223R8[JXL?`^NW4%L\I7$:3RPI"SD$(C>83DC/^'W`-L,8
MYY0-SC.6.[C)`ZL,>H.>>W^Y#\9]-.K_``=^*^DK`MT=3^&OCK3?LDL1N4NF
MO?#&J6ZP20A93,LQFV-$(Y#(K[2CCY#_`(;UN)%CV2`AD+1E<`,I1F4Y(;H,
M!>0I!4M\V[)/Z_K^N]A]%ZO]";U]?;CZ>OZTAZ=>F#GMG\^X]3WZT'!![<'T
MZ'OP>_/UH([XQV[<[CZ`\CUS_.E_7Y>?]>NZ`@'C^OXX/7:.!Z?XKSUQZ_D,
MD=!Q_AUYH!QC!],8SD#:.O<#/_USBD&,9YY[\_F!DD=3[BG_`%L``^G0?4$]
MNF`/U_*OZA?^#1;'_#UW7O3_`(9.^+6/;_BK_AE_G_.*_E[P,]``1T[9]!ZY
M_IS7]0G_``:+'_C:[KQR,#]DWXM$GMC_`(2_X9?IF@#^L?\`X.E_^4,_[07O
MX\^`H/T'Q@\)G^=?Y6?3@YY]`>#Q@9!X&?P[?7_5,_X.E_\`E#-^T#_V/GP%
M_P#5P>$J_P`K/(`R>,X)(QCU_P#K?CQ0`O;KGW.,<?3'2D_,YSZ<'&,9'3\.
M]*,#L.,^^">H''O_`"Q[&1C(./?MV[G\O;IVX-@/M7_@G1^V'XE_8(_;7_9]
M_:K\.K+=0?#+QQ;MXRT=&M8_^$C^&7B>TN/"7Q+\,K-=:;JT%K-K'@K6-;MK
M'4SIMY<Z-J;6>LV$8U#3[5T_TJ/^#@+]C#P?_P`%"?\`@EM\3/%7@:[\,^(?
M''P)\*R?M9?`/QQI5WI^JZ=XBTCP?X9NO$?B_0=#\1:/HWB.]UC0OBC\*GUQ
M/#=CX>O].TCQ-XYM_AKJNJ:W'HND22I_EC_![X1?$7]H'XJ_#SX'?"'PO<>-
M?B?\6/&&A>`?`WA6SNK"PDUGQ)XDOH--TNTEU/5+JQTG1[$7%S'+J6MZSJ&G
M:+HFG+=:KJ^HV>GVDUS'_L0?\$N_V:_C_P#L@?L+_`/]FK]I7XI>%/C!\4/@
M_P"&;CP?)XN\%IXIGT2U\*66J7S>"_"5MKGC&2#6_$EMX)\-2Z?X6TK69/#O
M@V%/#^EZ3HT'A>T&D-J>IB6^RTOUN]ET35]>KM9;W:07VT;N]6K:*S=W=[:6
MT3=VKJUVO\93SHVVMO0`K]P',A)`(`57+%N2"@0DG[I^7YIO7GG@<\9_+L"<
M>M?[1;_\$S/^";\L$EK+_P`$^_V(I+64N9+:3]E+X$202%P0YDA;P$8WW@D-
MN4[E(!Z8K^=O_@IE_P`&H/[+'Q5^&NO^._\`@G7I=U^SU\>O#NF1W>D?";5?
M&6N^)/@?\6&LI-8OM0T>YF\<W_B+Q1\._&^O"\TNQT+Q+I_B@?#NQ30+/2-5
M\$Z:VN:GXYT9?/\`I6_I[;V`_P`Y7;CG+9!(`!9@V_`"@$,6);&P*-V["#@X
M/]4O_!(W_@V,^/W[9]MX5^//[9#>)?V:?V7M8T_2O%'A;PX+:SC^./QIT>YU
M,*L.GZ%?R--\)_">J:3:WM_:>,_&.EW&MZM97OA[4O"O@S6_#>OQ^*=/_H^_
MX(^?\&U'P,_8(UCP9^T/^U!JN@_M&?M?>&-3NM9\-'34GNO@+\'M4@GMF\.Z
M[\/M$\1:!I&O^*O'^A-;3:GIWQ$\76>G)HFHW]A=>%O!>@>(O#.G>,;WQ3_@
MKO\`\'1WP9_9LM_%?P!_8`E\._M`_'V33M>\/ZU\;UG>[^"?P0\2VVJMI+/I
M$$^F26GQN\6V5O:ZG?6":-?0_#/3[J[\-ZG>^(/'=M%X@\#JT^OIIVVWOO\`
M-;=`:O=/KH[-K?31IW^:U6Z/UK^.W[57_!+[_@@I^S+HO@B6V\*?!SP?I\PU
M'P#^S;\(O[/\2?&WXC7WB&]NK>\\2:3X6\0>)K7Q'XD61]'O(M9^)GQ!\36/
MA^V31K70+[Q@NI?\([HMS\M_\$N_^#D/]CK_`(*)^)[3X0>.=+D_9-_:,\0^
M*D\/?#OX5>._%9\7^'OBC%=VT\^F+X*^*-MX3\):#+XJGGM6TZ7P1X@T[P_K
M%_J=]HVG>#YO&-Y?7,5C_F0?'OX__&?]J/XN>,OCQ^T#\1_$GQ5^+/Q`U2;5
M?%/C'Q+/#)<W,QVI;Z=IFGV4-IH_AOP[HUK'%I7ASPEX:T_2?#'AC1;6RT+0
M-(T[2=/L[*']>O\`@VP^$>A_%K_@L=^RLGB72AK.B_#F/XG_`!8>U>:[AB@U
MWP1\-/%%_P"!M3DELKBWFB.B^.Y/#>M0HSFUO+C2X;+4(+NPN+BTF-6^[>O=
MOJ_PN[_,/=BDM(Q5DMDELDELM[**ZZ):L_UDJ_.3]L?_`(*P_P#!/[]@O5=(
M\,_M,?M'^"O!WCC6-:\/:1_PKK1&N_&_Q$T:U\0W^A0CQ+XH\&>$8-9UWPGX
M7TO1?$$/BZ[U;Q'9Z8-3\-6.H2^%H/$6K):Z3=_SE_\`!Y;\;_&W@OX(_L._
M!GPWXEU/0=`^)WQ0^,OQ"\1VFDR&PN-3OOA%X/\`!OAO1#+JEH(=1CLK2T^-
M&OK-I<=['IVI27EO<ZA:7-QI6G2VG^?*_P"\DDEDWRRREC+-*QEED+<L9)9"
MTDA.>2S$FA;];:]M_P`=G^JTT8/RM>ZW3=DI)M;K5I-=DVFU*SB?ZS/_``6&
M_P""1'P/_P""R7[._A3Q5X)\6^%/#7[0G@WPI+XF_9A_:'TB^&N>!O$_AWQ1
M:6FNP>!?'E[X<.I1>+O@S\08C8:IH_BK0HM7U[X?ZK=V_CKP.NMZ3J'C3P#\
M1O\`*]^.GP*^+W[,GQ=\?_`7X]^`]=^&/Q>^&6NS>'?&G@GQ%%"+[2KY8;>\
MLKJTO+*6YTS7?#^O:7<V.O\`A;Q3H5_J?AKQ;X<U72O$GAO5]5T#4].O[C^D
M/_@@%_P7^U[]@[7?#_[)/[6_B#5?$G[%_B/5?LO@WQC=_;-:UW]F#6]9O7=[
MVRA1;C4-4^#>K7T[W?BOPK:17%WX6O)KKQ;X1MY;EO$&@>*OZ^/^"P__``1X
M^`O_``6)^`V@>.?`^O\`@WPI^TWX5\&Q:K^S;^TEI<L6J^%O%WA35HI?$FD_
M#;XD:KX;BU.;QC\$/&$FJ-K/A_Q#HZ:SK7PRUK6KKQ_X!M]9T[6O'O@+XE`'
M^39CV'X]@,=..0/Y_HN>AP>F1Q^OK[<9]^U>L?'7X%?&#]F7XO>/O@)\>_`6
MN_##XN?#'7)/#WC7P7XBC@74-+OUBBO;2YM;NSEN]*UOP]KNDW5AKWA;Q7X?
MU#4O#?BWPUJFF>)O#.JZGH>IZ=J5SY/CC'IT_,@9((SP!Z?A0`PAF3!P,@#[
MV"IW<LK;<[D.2IVCYE7[F>/]0S_@W`_X*T^!_P!MG]E+P;^S/\3/%.DZ/^U9
M^S5X8\/?#V]T/7==\-V&K?&/X>:/INJ0^#?'7@+0E?2]6UY_#?A3P[%H'Q&A
ML=.U6;0[[3M,\2:[JC/XQ@6'_+U'?IG&"<`C..?RQWQ_+'6>`?'7COX8^-/#
M/Q"^%_BSQ-X#^(O@[6['7?!GB_P;K&HZ%XHT#Q!83Q2Z9?Z'J^FS6U]9WL<Z
MQ^6;60%G)3YR6IKJFKW^336VOKNMFM-[-2TVXM2::>O5.+:YDXW2;LO=EO%]
MXN49?[GU%?G-J'[1OB+]B_\`X)9Z!^TK^TY)K/BGXB?`;]C/P%XT^+5OXE?4
M=%\2>.OC'HGPK\/P:IX>UN\&A:K>^'_$/CSXH2KH%]J5WX>NHM#U/6Y;[4M/
M6TL[I4_B*^.O_!X9^WK\0-*\4Z+\#?@9\`OV?(=9N)1X<\4WL7B/XN_$'PAI
MOVY+JV6"[\1W.B?#S6]8%HB:9?:EK'PSDTVYBFO;FT\/:9<RV;6`U:^]KM*Z
M:;MOY76EU>ZN@C)2Y=8ZQ4FXR4HJ]K:Z2:E>3A+EM)0E>SLG_H)_M.7'QXMO
MV=OC=/\`LO:9X<UG]HM/AAXT3X*:?XKUBRT'P^_Q+ET*]B\)SZAJ.IZ+KVBD
MV&KFVU"TT[7+"'P_K5Y;6FD:_JWAW2+^[U_3O\4#XA^$_'_@3Q]XV\&_%70/
M$?A;XF^%_%>NZ'\0?#GB^QN]+\4Z+XQL-2NXO$6GZ_IU_'#>66JVNK?:H[V*
MYA67S@20RB-F_L@_X(;_`/!RC\6].^/#?LZ_\%)OBQI?B[X;_'?XC>*/$^C?
MM1?$;4;S1M2^$GQ!\9P6!TOP5KQTX+X"\*_`2_U[33I_AW3],\->"_"WPDU'
MQ7=ZAJ>N:7\-M.-OX9_;/_@NE_P0P^'W_!4/X<I^U#^R[_PB&B_MF:#X2L-1
M\/>(;"_TJT\%?M2>!;72HKC0O!GBSQ#;S+HT7BE=(2UB^%/Q6N;EM/%D-/\`
M!GC#4/\`A!I]!\1_#U--6?1_@];)]GHVEU6O0:DFW':2;M>RYDE!MQZN*YDG
M+92NGW/\OT^G(^G)SQU/8=>N?YT@'&.@SD=^.,9_'GKGWQ71>,?"/BOX>^+?
M$O@'QYX9U[P7XW\%Z[JWA?QAX0\4:5>:'XE\+>)=#OI],UG0?$&B:G#;:CI.
ML:7J-M<V=]I]Y;17-M<P20RHKH0>>].^!P<<_GW)S0,_I-_X-0O!^F>(_P#@
MKOX/UB^\,^(-<N/AY\`_C7XKT/5-'F\K3O!FHWVD:;X$N/$OBM?[%U7[7H5S
MHWC'4?!]M:_;?#9'B;Q;X=NCKDQMT\-^(/\`4<K_`!Y?^"*W[9'A/]A+_@I;
M^S1\?_B+,MM\+8=?UOX<_$_4WN+VWM_#G@GXK>'M1\!:AXUN_P"SM*UN^O;/
MP!>ZYIOCF]T>STJYO=;LO#USI-F]G=7:7UI_L":7JFEZ]I>FZYH>I6&M:)K5
MA9ZKH^L:5>6VI:7JVEZE;1W=AJ>F7]I)-:7UA?6DT-S:7=M-);W%O)'/!)+'
M*CE]%96LK-ZOF=VTW?1.VEE9-1O:]V2KJ4KSOS/FA%I+EC&,(RBK:R2E[SD[
MM.HHWMRHUJ***11\#_\`!4?P!X7^)W_!-_\`;I\(>,M-&K:%>?LI_'36OLIN
M+NW,6L^$?AYKOC'POJ226D]O.9-&\4:#I&L0Q-(UK<2V*6][#=6<\]M-_C%0
M_P"JBZ9\N/GO]W'H/?IZFO\`5X_X.0_VV-`_9!_X)@_&SPU:^)X-+^+G[4VD
M7O[.OPLT&$Z)>:OJ^F^-84M/C%K/]D:C<K?IX<T/X3S^)M,U#Q1I5A?2^'?%
M/BGP-:F33-0UW2M0@_RB54(%5><*JCJ2=HP<D@`=`#P.3TI7Z7>C\[:VOY:Z
M:]O0++>RN]&[:M+9-]4FY672[[CL]!V.21R/Q]CS]:,CVZD?3/U[GC..Y]J3
M\C_(=/?'&<]B>,8Q0,8R#GMV)X_EG'?]#1KI;R[^5]UKIUW_`!`.,YR,=N?;
MDGU(&?\`/2*X7=#*.0-A(P>/D^<=2>!LY&.<^E2CV/`/89X],\^HS^/U$-R5
M$$G'H,8SSE<?Q#H<="0,?=*\4679_P!6[=/PT=_,/]R'X(_\D8^$7_9,/`/_
M`*BFDU\/?\$??^4>OP2_[&;]H7_UICXQ5]P_!'_DC'PB_P"R8>`?_44TFOA[
M_@C[_P`H]/@E_P!C/^T+VQ_S<Q\8O\Y[]:8^C]5^4C],****!!1110!^>W_!
M);_E%[_P3V_[,V_9T_\`55^&*_RK?^"N7_*4S_@HB>O_`!F9^T./Q_X67K_4
M]N1CIU-?ZJ?_``27_P"47W_!/?\`[,W_`&=?_55^&*_RK/\`@KB/^-IG_!1(
M9Y_X;,_:&YXSQ\2_$'MT%+JO1_G$#\[SQSW//TQU[C(QST^O:G>_?M_A_7O1
MC'.`3QTZ^G4GG`^GZT<<=,=OR/3\/_U4>?7R\[?\!][;`13<0RYZ^7)QT.2I
M'&3QC.,9ZU_M!_\`!,;X@VOQ2_X)T?L+>/+2<S_\)!^R;\`Y;^1I6E<:U8?#
M+PWI6NPRRMEI)+?6K#4+>8N=QDCD+EI#FO\`&`S^(Q^!'N?PYQZ]*_U$/^#5
M']I73OC;_P`$J_"?PKGU-+KQC^RS\2/'OPFURQD=1J">&M?UFZ^)W@;4WB"`
MKID^E^,[SPWIL[,XEF\):C"K;K4DOU\M>_\`3\_S#]#^E2>**YAFMYD26":*
M2*:-C\KQR*4='&/NL"ZM[`]>0/\`$B_:W^!6O?LQ?M2_M#_L\^)M/N=,U;X.
M_&+X@>!#!=*RM<:5HOB34(O#^JP._-QIVN:`VFZSIEZ`8KW3KVVNH7DCG1Z_
MVXZ_)S]N7_@BC_P3L_X*&>.[;XJ_M%?!6XN/BO;Z;9:/=_$WP!XN\1_#WQ9K
MNCZ9$MOING^*9O#M_!I/BD6%I'!9:=J'B'2=1UG3M-@M=+T[4K3388K6,`_Q
M^"5`W,0H'))8*HYXY/\`M'D]^*]!\<?"3XH_"[3O`.I_$GX>>,_`=C\4_""_
M$'X<W'C'P_J?A\^-/`T^JZAH=KXN\.QZK!;S:CX=O-4TG4[*PUB"-[&_>QFF
MLY[J$B:7_6._9C_X(`_\$H_V4?$EAXV\`_LK>'?&?CG29X[O3/%GQLUOQ#\9
M+S2[NWG%U9WVD:)XYU#5?!NC:G83+&]AJVD^&+'6+:2))XKQ)M\K?R,?\'D:
MJG_!0C]FI$4*J_L9:"JJH`55'QN^,H``'``%`[;^7^:7ZG\B^WL.`!S_`+6>
M/49/_P"NE]1@$=O7CKQTZT'TZXYQQGMSS].O]:#@'GZGZ#^6"<\4M_U]5]W;
MYB#G'//;)'?&00!]#Q^7;/\`4)_P:+?\I7M>Z?\`)IWQ;[?]3A\,>GH?7UYK
M^7L]SUZG.1P?R],]?Q-?U!_\&BYQ_P`%7M>&1_R:=\6NI_ZG#X8#KZ\\#!).
M.G6G_7]?TO0#^LC_`(.E_P#E#-^T#_V/GP%_]7!X2K_*SYSGGCCIG([=R>_M
MG\Z_U3/^#I?_`)0S?M`_]CY\!?\`U<'A*O\`*S/'3N2<>N.>..I./Z4`*>/H
M3S]>QY(Z?B?2C@C!Z?\`U_PYXYH_49]3[Y'?IZ'C\:#^8!'J><CD'/3^7X8I
M+TMW_KJ!_<]_P9Q_L5^'=8N?VD?V^_&/AR#4M6\+ZO:?LX?!#5[T:)?0:#J5
MQHEAXP^-.KZ=8SPW>MZ1XE;1-<^&_AW3_$MG+I,1\.>(?&OAM)=5BU;6;;3?
M[RZ_D=_X,Z?B'X5UK_@GC\=OAE9:DC^-OA_^UGXH\2^(]$,5UYUEX=^(7PU^
M&L'@_6GN&@2RD@UF_P#!?C&PA@M[J>Z@;P]<SW<-O;WFGR7']<5,;_1?D%%%
M%`C^.3_@[H^.G[:GP8^`WP!TGX/?$SQ'\-?V9_C%XJ^(_P`,?C7'\.X-=T77
M/%NIW?@W2KOPSX3^('Q)L;BV-KX0\:>'I_BAI?\`PJ>R6RL?%6G^&-7UCQ'J
M?C*TN(?#_@/_`#L`JJ,*```<`*`!G)`Q@8P>><'YL]>G^BU_P>6?$WPUI7[#
M_P"RS\&+S[:?&?C_`/:K7XE^'S'#;G3%\.?"'X4>/O#?BPW=P]TEU%>_VC\9
MO!ZZ=%;V-Q!<0OJ9NKFR-O:17O\`#%^PU^P_\?/^"AW[1O@S]F?]G7P\FK>,
M/$BRZQXA\1:FMW#X+^&?@'3+BU@\2?$CXAZO:V]TVA^$]`-_8VWFI#-J.N>(
M-2T'PCX<LM6\5>(-$T;4$D^[>^NFMW=;)*RV6FJLV[Z@K[7OJ][+=[:)+165
M]VDKMN[?R$S*",D#<0!G`!ST`)Y)ZD#KQ[U_;%_P9C_`JXNOC=^VQ^T3?RWV
MG?\`"%_"KX7_``7T;2;C1IXH]9M_BIXLUCQOK>IPZK/<0BW_`+`E^#&A6AT^
M&PNEU%?$)NI+NP_LL1:C_2M_P3[_`.""/_!/?]@?P%!I,'PA\(_M'?%V_70;
M[Q?\<OV@/`O@SQSXHGU[2M.:&Y_X5WHNL:1J>E_"7PG+JMWJ>HV>@>&7N=<E
MM[RPLO%_C+QM-X?T;5+3]LJ?1;_/_/OO?3\]#6[T5K:.^M];W5MDK6=[W;VM
MK_F3_P#!W5\8]+^(?_!43PO\-M';5%_X4#^S-\.?!GB6&]CABLO^$Q\;:_XS
M^*LUSI#0WUS)<V4W@OQGX%@GN;NUT^Y.J6>H0?99;.TL+^\_EN)SP.O(QCD\
M<@9QZC'_`.NO]6__`(*]_P#!`C]F;_@I]:>(OB[H!B^"/[95OX3CTWPU\8]$
MMXH_#'Q"O]$M[.W\,:/\>_#MM83W7BS3;/2;!?">F^,M(DL_'/AG19-)62Y\
M6^'_``;H'@D?Y</QP^"GQ*_9O^,'Q'^`WQ@\/-X3^*'PE\8:UX)\;^'_`+59
MWT%CKNA7LMG>?8]3T^6ZT_5M+N2GVW2M6TZYN-/U2QFM[NVN)()@Y+?=I_P/
MR^>H-JZ5U=JZ6EVHV3:75*Z3?FK[GEI4'/`(/!!R0>,8*]",'U_K7]3O_!`+
M_@O[KO[!FN:!^R3^UMX@U;Q+^Q?XEU7[+X.\971O-7UW]F#7=8NV>:^L8HQ<
M:AJGP;U2_N7N_%?A:U2>\\+7<UQXL\(6TD\NO^'O%'\L0Z<?XGH.#TY[?E0P
M&"#@@]1P<C!&"""#T^FW/X+7^OE_P>_Z`?ZJ/_!;3_@CA\)?^"L7[.EC\6_V
M?K'X6Z?^UKX=TNQ\<?![XVZ.--AL?CCX'O?#R26WPQ\8>.="N?[-\4^$?%.E
MKH&J_#CQCKHU^W\%ZC8V8\-:KH'A/QAXWDU7_+B^)'PW\??"#Q]XQ^%GQ2\(
M:YX"^(O@+7;_`,+^,O"'B2RN-,UWP_KFF3-!=V%_97"12Q21OO:*0$Q2PM'<
M6[.DH<_TU?\`!`+_`(+_`.N_L&Z[X?\`V2/VM_$&J^)/V+_$FK"V\'^,+K[5
MJ^O_`+,&NZQ>,\E]90(MUJ&J?!K5-0N)+OQ3X6M(Y[WPK>37/BWPA;27$GB'
MP[XJ_J(_X+>_\$1?A=_P58^%%G^T3^SE=^#=#_:^T#PC9:Q\/_B#I=[IB^"_
MVB_!!TR&]T+P9XR\0V$K:9>M?:8UHWPU^))FN(=-BEL=(U.\D\'W5M?>'FVW
M:_16^[;7K9:*_2RT2L)1BKV5N:3>^G,[<VCT5W[SM;WFY.[DV?Y;(`XQZ9[Y
MP!Z\<`$=1TZ^WW[_`,$K?V8[K]L7_@HM^R%^SP+*YO\`1O&?QE\/:QXVAL+W
M3--NXOAI\/%N_B/\3KRWN]:$^EK=6?@+PIKUS9P7%M>27U['!96>G:G>W5OI
MT_4_LV_\$@_^"D'[6'Q-^)7PC^#G[*_CVY\8_!G5KG0OBR?',VA?"[P[X"UR
MSU;^QKK0M9\4_$35O#.B3^(H[I9YX/#6CW6K>(K[2[#4=5T[2+K3]/OKJV_L
M5_X(%?\`!OC^T_\`\$_/VOM0_:Q_:[G^"-\FA_!GQ!X3^%WASP+XY\4^)/%O
MA7XD?$"W\"3ZMXAO8XO"NB^%KBPT7P1?_$3X7ZJTVO:I&_B2XU:^T+2=4T`>
M&/'-X:K6W9Z^=K:/?1KH]-7I=A=/J]7*/NMW35[IN+3C9IJ]TU+1/FLCZ@_X
M.U/VCO\`A47_``3'L_@WIFO_`-F^(OVH/C-X+\#7>D1V7GS:U\/?`CS_`!)\
M72I>S6-S!IT5AXDT'X?07!@O=/U.]755MK8W>EG6[<_YDI_7G&3QGGDX[8YY
M_P#K5_:A_P`'G'BWXK7?Q\_8U\"7F@^*(/@?X?\`A%XQ\8:!XIE\-7$/@O4O
MBKXN\876A^+=`L_&*V"VFH^)]$\)^#?`^H:IX=?4[B?0]+\0:-J26%HGB5KF
M^_BN/)Z$<]1Z=^^3T_'CKQD?1+HEM;UMLMK\KWU3L[6%&_O-W5Y-I-WLDE'^
M:22ER\R2Y='[T5/F;4XQ@_,/ND'&#D#.[)Y!S^/YU_:K_P`&[O\`P<+#X2_\
M(/\`L!?MZ>.=OPF4Z9X1_9L_:'\6Z@0OPGPL=CH?P>^+.O7LF/\`A5&#;:;\
M._'FH2?\6J(@\*>);L_"P:+J/PL_BJ[\8Z#//U]O\^W?ZL_87_9=UC]M3]L/
M]F[]E?13J]J_QL^+'ACPGX@U71-+GUW5/#'@87+:M\1O&,6E6\D374/@KP%I
MWB3Q/>^;=6-E!8:5<2WNHV%C%/=PG]=BUO\`U^&_X'^E[_P55_X-\OV9?^"H
M_P`:_A/\==:\9:K^S]X_\/7%MHWQS\3_``S\(Z3J'BSX_P#PZL?[(@T;0M3U
M+5M6M]`\-^.O">D:?J&B>$OB?J'A+QOJ%KHVHZ?HFOZ+XF\/^$?"FD:/I?"O
M_@V@_P"".'PR\*:;X<U']EJY^*^L6<,T.H>/?BQ\4_B?K7BS7W>\N+F*YU2V
M\-^*_"7@FQFMHIDT^`>&?!WA^!K.SM6NX+F]:XN[K]N_`/@3PK\+_`G@KX9^
M!],.B>"OAWX2\.^!?!NA_;M0U,Z/X5\):-9:!X>THZCJ]UJ&JZ@-.TG3[2T%
M]JE]?:A="+S[Z[NKN26:3LZ/N^22_P"'^?2RV2%LW9MW:=VWT22M?:R6RTOK
MJW=_S7?M-_\`!JY_P2G^./AJXM/A3X$\>?LI>-X-.U\:1XM^$?COQ'XDT:YU
MS4+*!-`NO&?@CXJ:EXXTO6M`T#4+87,VA^$]0^'VI:Q9WFJ:?+XFM)9M-U+2
M?S<^$'_!2W]MG_@WE\8_#?\`8._X*K^"M3_:$_9)3PYJ%O\`LS?M9_!N*]\2
M>*5\&Z/8:7%8>!K%_&%_X7M?%FB_#"YEM?#6K^`_$AT#XB?#G2-8TRYT+5?&
M/PR@^&.GZK_;I7Y*?\%J?V!O"7_!0;]@'XW_``TN?"D.L_%_P+X.\0?%']GG
M7-/\/W&N^+]%^*?@S3I?$&G^'_"]O87=IJ,W_"SK;2I?AUJUC&][;W$'B*#4
MQHVJZQH>B11B\^SZ7Z=G^>ZW6J!W=E:^L?M..SB]UKLMKI2UB[1DRS\*O^"Y
M7_!)#XSP)<>#/V]O@)IRF^M=.V_$S7]1^"=RMQ=Z7XBUB*6:U^,^D^`+N'3T
ML_#.II=:K+"FE6&HW&@Z+?7MMK/BKPOI^L9WPH_X+E?\$P?CS^T+X`_9A^"?
M[3F@_$KXK?$A=1B\,6FC>'O%FB^&+G5K&YT8)X:/C3QGHWACPQ<>)=8T[4=7
MUC0M%T[4]0N]6A\+:UHUFK^+K_PAX;\4_P"0*0K!?-5-RY5U8!MLF0KJ"V[G
M?A<;CR,`9KI_!OC3Q=\.?&'A3X@^`/$FL>#?'?@7Q)H?C#P=XL\.W]QI>O\`
MACQ/X=U&#5="U_1M2M)(;G3M2TG4[.WO;*]MY$FAF@#PL)`#2:NK)M.V^ET^
MZTM?R::ONFM!:NZ;:3V<4KQT2;UNF[W:T2M9-.S<O[B/^#NK_@G/\5=4NO!O
M_!2?PCXV\:^/OAQX<L?#/P;^*OPMU1]6U?3/@I:WDEU'X3^(W@E+6RET?PY\
M/?%.O%=`\?PZK/IL]I\1?$7A;4+*ZUU/&EY:^$_X4\9/4$=..2>,8)]LY[]:
M_P!;G_@D]^WQ\)O^"SO_``3RU6#XF:3IVJ^-SX,U#]G3]LKX5W>IV%M+K&J>
M(_!']@^)_$D&G^&9]%U71O`'QJT#4M9U3PW/;66BIIM]_P`);X2T/4;^Z\#W
MFKR_YO\`_P`%=?\`@F_XV_X)??MG>.O@#JBW.I_"[Q#]M^)'[.7C&]U>QUJ^
M\6?`_6]?UC3O"G_"27>GV.D1P>.?#$ND7_A#QU:R:#H0E\1:--X@T729/".O
M^'M3U%KS_K\64_6_^73_`(;H?F-P"![>W3TYY_+_`!HP>_7`&1P1ZG.1QGI_
M(T=^W08/4]\CKS^G6E`XXS[]03TYZY&`.G].2?G_`%_7_#"#OSWYZ9Y]2?4C
M^76H+HX@D.T$8`)8=RRKGKG<`<[NQ`))S4_7L,\]L]P,YXY&.F:KW/,$@R%X
M4\CDD,N.BYR2"!VZ;N.55MOZ[?=T>EE==`/]R+X(_P#)&/A%_P!DP\`_^HII
M-?#O_!'S_E'I\$O^QG_:&_\`6F?C'7W%\$?^2,?"+_LF'@'_`-132:^'?^"/
MG_*/3X)?]C/^T-_ZTS\8Z8^C]5^4C],:***!!1110!^>W_!);_E%[_P3V_[,
MV_9T_P#55^&*_P`JW_@KD<?\%2_^"B/'3]LS]H;`_P"ZEZ^./?GTZ#'>O]5/
M_@DO_P`HOO\`@GO_`-F;_LZ_^JK\,5_E5_\`!7'_`)2F_P#!1'_L\W]H?Z'_
M`(N7XAXX[C_'K2ZKT?Z`?GEZ=O\`>Y.>W?\`QS0#D<=O7@]O\?\`(YI.,YP3
MCW/?\R#@\\$?D:7K^?J#D\\>^/H.1FF`#'KU&0..!^'_`->OV@_X(<?\%5K_
M`/X)5_M:/XV\66^L:[^S?\9-,T[P'^T'X6T6/[1JEMI-C=SW7A+XF>'K'?$N
MH>)OAQJ&H:C<1Z?*Q76/"NM^+=#MOL^IZCINH6/XOGW(Y.3Z]N>^?0GTYXQ2
M8P>,>N,<CC''XCGBE_P_Y:;K]%W6]P_W`O@-^T)\$?VGOAMH/Q@_9\^*'@[X
MN?#;Q-:Q7.E>*_!6L6^JV!=X8YI-.U&!"FH:#KEB9/)U;P[K=II^NZ/=B2QU
M73[.\AFMXO:*_P`.OX0_'KXX_`#79?$WP'^,OQ5^#'B&8)'<:W\+/B!XI\!:
MG>I$Q94O;OPQJVFRW\*ME6AOO/7J'B.`Q^W8?^"S?_!5^WL4T^/_`(*#_M4-
M!'"ULLL_Q3UNYOO+92I9]3N9)-3>XPS$74EVUTK_`#B4.`U,-/Z7_!]?ZV_V
M'->U_0_"^CZGX@\3ZQI7A[P_HUG-J&KZWKNHVFD:/I5A;(TEQ?:EJ5_-;V=C
M9P1@R3W-U/#;Q(`69#Q7^8__`,'5?[4'[//[4/[?7PDUK]G;XP>!?C3H7PX_
M9JTKX<^,?$?PYUJW\4^&=*\:VGQ7^)VNW>@P>)=,\[0M8N+;2M<TJYN)]#U#
M4K*'[4()+H7,5Q##^`_QE_:E_::_:+FAG_:"_:)^-_QM>WN'NK6/XJ_%+QMX
M[M;2:0@LUC8^)-;U&QLF(P9#:P1!VR2O.RO"%50N```,;0HP`,Y.,#));GW]
M:7KY+YNR_7\QWW\TOT;_`"%YZ#@<>G3N,?\`ZOTY!QSP._J./?IC&.,>O6C^
M>..IP22?RSW^O2DR!GGGK@DCN?7I_GH*?]?TOZM\Q"Y^F/;D?CG_`+ZXZ=>U
M?U!?\&BW_*5[7N>?^&3OBY[\_P#"7_#'!([X&.X//7FOY?3V//&3QC\L>O7_
M`!'?^H/_`(-%CG_@JYKQQT_9-^+?U&/&'PRZCJ3VP*`/ZR/^#I?_`)0S?M`_
M]CY\!?\`U<'A*O\`*TZ]L]<8P?7GTZ8QZ?3-?ZI?_!TO_P`H9OV@?^Q\^`O_
M`*N#PE7^5GGKZXST/'OS@<XZ?7ZT?U^0`".,=\G\/7\.%[?3BE)[]>.W)[=/
M;_/:D&<8Z8Z#N!VSG/-+@9YZCW^N#C)'T_G1_7]?UH!^UO\`P0K_`."K5]_P
M2L_:OF\3>+[75/$/[-WQMTK2/A_\>_#FFW5Y]LTFRT_4S=>$?BMH&EQWMMI>
MJ>*OAW/>:O`L&J072W_A#Q)XQT;3VTW4=6L]4L/]8?P%\0?`?Q4\(Z%\0?AA
MXW\(?$?P%XHM#J'ACQOX"\3:-XP\(>(K!9Y;9[S0?$GAV]U+1=6LUN8)[9KG
M3[RX@%Q!-'Y@DB*1_P"&4?ISWY[>G4'D@`5^A/[%/_!5?]O;_@GBFH6'[*_[
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MG^+>I^')]"TKQOX>\2_\(]J5U97NA64D/C4:EI,%W;:A-=ZR]C-:7_\`E-?M
MH_\`!4O]O3_@H6-*MOVK?VA_%?C[PEHSV%YHWPQTBTT;P'\*+'4M-.M'3O$$
MGPY\#Z=H/A35_%UE%XDUFR@\:Z_INJ^+8]*OSI"ZR-*@MK.`^[KIK=;>25G=
M];Z:I70=6FFK):Z6;;=UO=-6N[JVJLWK;Z(_X+=_\%0/^'I_[9=S\7/"OARX
M\)?!+X7^%H_A#\#M'U#SHO$>L^#--U_6M?O/B#XRMWN[FRM/%7C76M:NKMM*
MTI;6RT#PK9>&?#LS:SK&DZGXCU_^J[_@S?\`V9O#/AO]E[]I/]KB]M]-OO'?
MQ7^+\'P5TJXGT2SEU?PSX%^$^@:/XDO[;2O$KR-?0Z=XV\4?$!9M?T*UM[*S
MN+CP#X6U#4)=4N+73O[(_P`\OT_IZG.>I&?IQZ_3_27_`.#/7XL>%_$__!.O
MXO?".TU5)/&WPB_:<\4:KKV@BRN8I-.\*?$OP;X-U#P;K!NS"+&Y@UO5?#OC
MJPBB@N9+ZTD\/W'VVUMK:73)KY;>7;3TT_R_)V'W]/U7W?TC^M*BBBF(*_A6
M_P"#MO\`X)T^//B-\0OV=?VP/V<OV??BS\3?%>H>"/B+X(_:4U3X1_#'6?&>
MFZ+X7^&47ASQ'\._'WC]_`_A:]U#3+JVT?6_'&@:IXN\7ZE/8R^%?"GA31K.
M73K/PNT5S_=37Y6?M[?\%D/V&_\`@FS\3/A%\*?VI_&OC#PWXE^,&EW7B.PG
M\+>!-;\::9X/\(V^OVWAS_A+O&IT42ZK;:)/J3:M]E@\.:5XEUVYA\.ZT8M%
M>5-,AU(M?6U[?AJE?R_6]M0O:RNE=V5W:[WMYZ)OT3?0_P`A/5_`7COP\0NO
M>!_&6B-O>,#5_"NOZ:3)&VR2,?;;"'+(V$=1DHXPPW5R;D1.4FS#*I;,<RF&
M52#SNCDVLIR._KUK_68\*_\`!R9_P1>\56&EW;?MF:9X<OK_`$ZRO;G1/%7P
MB^/&D:AHD]W;PS3:3J=ZOPRN?#\NHZ=)*;2^?2=<U336N8)7T^_O;79<MMZ+
M^V__`,$`OVBKZ^UV\^,?_!-[Q9JNOW_B:_U;4/BUI?P8\+:QJNIV5YH.H:]J
M&LR?%W0O#VHS76J7GBVPO;2]ORTGBJZB\1W&CSZO/X6\6/I#MNKW:[:K35ZI
MZ)+7JFO+4ER?NNR4)6NY-QDF[**47%7;D[<K<6G9:MV7^23OB;Y/,0[LJ!OC
M.<\8`R21SC&,G=CZ?WG?\&?W[87[6?Q%O?CC^R'XN.J^.?V3_@I\-K7QWX(\
M8:Y!J=[<_"#Q_P")/&.D:=HWPDT?7Y";>/PSX[T2;QYXQL/"UX[OI-_X,U2\
M\/I:P:CKJS_T*6WP&_X('_&Z-O!?AWX7?\$GOB!>^.3_`,(O86'@3P]^R;>^
M*M7O_%"OI-E:>%M1\&P1^)[;Q'J,EUY&A7OAJ^L_$$6H_9Y]%NX-0CMYT^VO
MV5/V'OV3?V'O#WBWPI^RA\#/!7P2T3QWKUIXG\7V_A6+4I[SQ#J^GZ;!I.G2
MZEK&N7^K:O/8Z9912+I6CM?C2-,N+[6;[3]/M=0U[6KJ]11]94444`>3_&OX
M)_"C]HWX4^.?@=\<?`>@?$OX3_$O0IO#GC+P3XFM6N=+UC3)I8;F!A)#)!>Z
M9JNDZA;V>L^'M>TB[T_7/#7B#3M,\0>']2TW6]-T_4;?_)(_X++_`/!-?4?^
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MM;:35!<W]S;6$5Q-'^)0[]/P&.G'\P:ZWX?^//%GPJ\>^"?B?X`UN_\`#/CK
MX<^+?#OCCP;XATFZN;'4="\5>%]8L]<T+5[&[M'AN;:ZL=4LK>YBN87CGC*%
MDD0Y-+^OR_ST`_W/**_,_P#X)7_\%+/@W_P4[_9;\(_&CX>ZYI%K\3-#TGP_
MH/[0OPJAQ9ZW\*?BI)IA.LZ>VBW&I:MJ'_"">(M0L=6U;X8^*);V\M_$OA:-
M(9[F#Q7HWBK0="_3"G_7]?TP"L+7]?T/PMH>M^)_$^MZ5X<\-^'-*U'7?$/B
M'7=1L])T30=$TFTFU'5M9UG5M0FMM/TS2=,T^VGO=0U"]GM[.RL[>>YN9XH(
MI)*W:_DR_P"#H+_@K3X)_9O_`&;/%?[!GP=\;0WW[3O[1&B0Z%\3;'09[B6X
M^$7P&UVU>;Q&WB/4].U:S;0O%GQ1T]K3PYH'ABZM=3DU'X?ZQXHUC5[/2['4
M/!]YKII=7O:ZO97=KI-I75[7[KU$[V=E=I72;LK]$W9V3>C=G:^B;/\`-PU6
MZ@O]5U2^M81!:WNJ:E>VT);<8+:[OIKBWBR!A@L,BJQ)##`^4ACBD1D<8&"/
MP[Y''./Z\]Q2*``J@`!1@+@GY0,#`)8G/0YZTO3\>IZXZD9Z<`CC./;F@9^I
M'_!'_P#X*3^,O^"7W[9G@SXYV$EWJ'PB\5?8?AW^T?X/M=+MM9N_$WP;U;7=
M)O==O?#UA>7VF1Q^.O!TNGV_BCP9<PZOH\EQJNFGP_J6H_\`",Z[KVGZA_HL
M?\%AOV`/`7_!97_@GAHEU\%;SPYXA^)]EH6@?M#_`+'?Q+E6PT6WUZ/Q3X;M
M=5C\,S>(M=T276=(\#_&#P1J=G]LTEY_#=C/XJT[X=Z_XJGAM_",:Q?Y+^><
M<<8QC'?/MQUYZ\?E7^DG_P`&B_B']L2__86\;:%\7_#)7]D_2?B'JMQ^RGX[
M\2ZUKR>+]0-Q<RVOQ1\)^$=`O(;O2;_X,Z'XOLKJ^T?Q!8W6B#3_`(B:A\1-
M%@C\5LVH)X&%KV[Z]5:^Z?Y--[+I=/9ZM7LDXJ[3;23M9[7NVTTMY>ZFU_G0
M:M\-?B-X>\9^)_AKKO@/QEIGQ%\$>(=:\)^,_`]UX9UI/%7A7Q1X<U*YTC7_
M``]KV@K9MJ6E:MHVJV-YINH6%[;Q7-K=6LT,Z>:D@7#UKPUXG\,M$GB;PUX@
M\.O."8AKFBZII`?J1Y;:G:6ADW`=%&#M8`XQG_<A\+>!?!7@=O$S>#/!OA;P
MBWC+Q7JGCCQ<_A;P]I&@-XK\;:W%9PZSXQ\2G2;.T.N^*=7ATZPBU/Q!JINM
M6OTL[2.[NYDMX!'!X_\`AW\/OBQX0UKX?_%'P/X.^)?@/Q+%;V_B+P/\0/#&
MB>,?"&OV]G>V^I6D.M>&?$-EJ.BZK#;:E9V>HVT=]97$<-]:VMS$L<T,;J?U
MV_S*T\_Z_/KVOY'^&8>_/`Z]^./3IGGW[BH;D`P29;;CG)&2<.-H'IN8A<]%
M!K^U;_@OI_P;@>&?@#X,\5?ML?\`!/+PCJ=E\)?!^D'6_CM^S987&M^)9OA_
MHFFP@ZY\6/AA=ZK>:KKUUX+T^U276OB%X3O[R_?P9:IJ?BO0[F+P/!?:1X*_
MBHN<?9W.1@A3D<@@L"#U(P>#G/W3GG@4O2VO]?E;[UT%_7]>A_N1?!'_`)(Q
M\(O^R8>`?_44TFOAW_@CY_RCT^"7_8S_`+0W_K3/QCK[B^"/_)&/A%_V3#P#
M_P"HII-?#O\`P1]P/^">GP3/;_A)_P!H;\O^&F?C'3'T?JORD?IC1110(***
M*`/SW_X)+_\`*+[_`()[?]F;?LZ^G_1*_#'IQ^7%?Y5G_!7+'_#TO_@HD!_T
M>7^T+@?]U+\08_`XQ].*_P!5+_@DM_RB]_X)[?\`9FW[.G_JJ_#%?Y5O_!7'
M_E*7_P`%$O\`L\S]H;//3_BY?B#IP,X/';\Z75>C_.('YXG_`.OC.#W';U(Z
M&C(R3DCH#UQZX/;_`/7ZFC/H,G`/7USWI#V(Y/'?UXSVSQP/TQ1Y>7Y6_P`^
MX"@?YZ'_`#C\??-,,D0X,J`KG(WH.1_"0<8((QGBDD)$<AS@B-R"">.#@YR#
MG/0^OZ_ZV7_!+W]@[]AWQC_P3@_83\6^+_V-/V5/%GBSQ/\`LF_`77_$OB;Q
M-^SS\(]?\1>(=<U?X:^';_5=:US6]5\'W>I:MJNHWT\UYJ&H7UW/=7=S+)+<
M32R,V7_7]?U_P`_R3/-BP<2Q^@_>)U`QG@\>G^2*57B9@JR(S'.`&4]%SG;G
M!P!Z'G]/]J7_`(=U?\$^O^C%/V-__$8O@G_\Q%<3XN_X)6?\$T/'=G+9>)?V
M!OV0;N"2V^S%[+]GSX8:'=QQAVD_T?4=!\,Z7?6TB.[E;BUN89D+?ZPYPJ^Y
M?C\[:7U]/4>G?\/3S]?Z>G^,IC\^.A]^N.,CUX_7%'UZ\D=\>^,GIQT_3-?Z
M='[7?_!J)_P38^.^BZM??L^67C?]D'XCSI<W.EZIX$\0:WX]^'$VI2J`@\1_
M#?X@:QJTG]F*Z_N[3P9XJ\$^069E,L44=J/X(?\`@HS_`,$R?VI/^"8?Q?3X
M6_M%>&8)-#\0?;[WX7_%[PK]LO\`X9?%31-/DC2[N_#>LW-M:RV.NZ4)[0^)
M?!NM06?B+P^;NRN;FUN=$U/1=9U1Z_KZ=/SZZ!;KH?GKSW&>,$?SZXX/]!US
M2_F>V<=<_3O_`/7QWII..<'UZ9ZY^F#CK^/K1Z`$''KSR,#U&#ZG'_US_@_U
M^?WB%&.V>.O3/X^F[KZ^O-?U"?\`!HM_RE=UW_LTWXM>O/\`Q5_PR/2OY>^Y
M/KUX.?0?AU_QQBOZA/\`@T6P?^"KNO9'_-IOQ9."._\`PF'PQ/X$4`?UD?\`
M!TO_`,H9OV@N?^9\^`OX_P#%X/"7']?PK_*R_+DXQG`)Z>_IP/ZU_JF?\'2_
M_*&;]H'_`+'SX"_^K@\)5_E9YQ],?=(_3//.#]W_`.M0`N!G.!GI_(^_.>:/
M\?;KCI]>>W]<4GKCH>20>_Y\8!SWZ_F`$CD]1^7X]\]^WX4``/J>?R.3V`)/
MM_L]#3)>5&,?ZR$$YZ?O4]CTR?2I,G\2<X[<<9X'/4=?7VJ.3[HZ9\R'/&#_
M`*U..I[C@]Q^=&O]?U^/X`?ZRO\`P49U;QK\*?\`@WR^-%O#'J/@_P`7Z?\`
ML`^!OASXDTW6-&CAU;2[7Q5X'\&?#CQ_X;U72=>L7FTS4I=`UWQ!X?OEFM+?
M5]&N)YKBU>QU:R@N;3_)JB_U497@>7&0.Y^48&<@9QC)P.G_``&O]>G_`(+]
M3O;_`/!'?]O"50I(^$FGIAL_=E\?^#8FZ="%<@'.`>2&^[7^0LH\N)<G!CC`
M8CE?E7!P-N2`03TR`:/^!YCZ+U?Z#RV%9FX4`DDYX4`GIR3P.F!U]J_T$?\`
M@T\_X)K_`+5/P$TSXA_ML_%GQ9XW^#_PN^/'@S0_#?@C]G2[TR;3G^+VBV_D
M>)/"?QP\?Z=KNG.NG:)HUAKFH0_""\T-H?$FM6WB+Q7J$VJZ3X.OI-'\>?(O
M_!N[_P`&]+?%E_`/_!0']O#P6R?"97T[Q?\`LW?LZ^*M-S_PMC'DWWA[XQ_%
M?1KY3M^%*NT6J_#WP'?VJM\562Q\6^)8#\*?['TKXJ_LY_P<"_\`!=GP;_P3
M[\`>)/V5?V>=7LO%G[;WQ+\(SVEW<Z?J$XT[]E[P?XLTEH[3XA^*KO3+J"Y'
MQ9U/2KQ=5^$?@6*Y@NM/633OBEXU%OX2B\'^&_BDM;KM?WKJ^GE=I7U33UV:
MO%VDIDI65K=VGS*]M8KFB]+RY>;22Y;Q<7S:?TMZ=KVB:O>:]8:3K.DZG?\`
MA75H=`\46.G:C:7MYX<UVYT/1O$]OHNNVUO-+-I&JS^&O$7A[7XM.U!+:]DT
M/7=&U:*#[#JEE-/N5_B5?#']LO\`:X^"GQ0\9?&SX3_M-_'7X?\`Q:^(NH:K
MJWQ&^(GAKXG^+-.\5?$/4M<U<>(=>OO'^K)J?G^-9M9U]5UO59/%#:J;_542
M_G$LZ"0?IOKO_!R=_P`%JO$/A[5_#E[^VA/;6FM:9>Z3>W^A_`K]G'PSX@AM
M-1M9;*YGT?Q#X?\`A+IVK^']62&62:PUK1+K3M6TF\$-[I=]97=O;S0O^N_]
M?@,_UGJ_R>?^#DO2/VL=*_X*O?'>Y_:HU*YUC2]0-G<?LR:E9IK`\#)^S#+/
M?:A\.-#\%MJFF:7''<^&7O\`5](^)\6EVS::?C''X_O(]0UH7\>NZER'_!-'
M_@MW^U?^QC^VU:?M'_&3XS?%[X^>`/BO>^%/"7[56A^._%6M_$GQ!XU^'&D7
M4%E:ZYX?A\5>([2%OB%\,-)EU&;X922ZQI-M:Q37WA&>_M/#/B#6;2;_`$+O
MV]/V(OV2?^"Z_P"PQX1B\,^/_"5YI?BNTTKXE_LP?M5>&?#DOC'5?AO>W]_I
MXU^\TC1VU[P5J.H:=XHT73+[P3\1OAIXDU?2%M]5@MY/$&D:9X^\!>'[CP^7
M_'7S_P`^NOROT"VJ=WLUN[:V;O%.SLTK-IM:VM=H_P`AP9[=>N3[>P.!]>O%
M(8T<Y:-20.K*C'&>F2">2<X[8Z^O^D+\%O\`@SP_8$\(Z`(?CA\</VC?C1XO
M:<L^K^&M4\*?"#PL+4VMM&L-OX5M=#\;ZQ%<"\6\N6NYO&EU$;::SL_L8EM+
MB\U#S;]I?_@SB_96\2>&+FZ_9,_:0^,GPG\>VFEZQ-9Z7\95\/\`Q9\!>(]6
MCLHV\/Z==W/A_1/`?BCP;87&H12P:YKT#^.)[:SO!>Z;X9N)=.;3]4+>:VO?
M7M>UK)WZ;63ZVU%K:]G>]K75[<R5][6L^:U^;E35N;W3_/!\N-6&U$5P<J54
M*PP1AD90&4@D?,""AV_Q&O[\?^#-C]K?2]5^&W[4G[#6OZI8Q^*/"/BJS_:;
M^'5@UEK$NM:WX/\`%=CX;^&_Q0D?53)<:%!I/@SQ%H?PP^RV$JZ;J\UY\0[V
MZ@.M6-O=#P__`!H_MQ_L)?M(_P#!.WX]:_\`L\_M+^#8_#_BO38_[4\,^*=%
MFN]2^'WQ1\(2W4MK8>/?ASXDN-/TUM<\-:F\,R^7=:?IFOZ)J,=SH/BG1=!\
M1Z=J>CV?D7[/O[0'Q?\`V6?C+\/OV@?@)XXU7X=?%KX8Z]%K_A#Q7I#1M+;3
MF&:RU'3-2L;A9;#6_#GB'2;J_P!`\4>'-6@O-%\2:!J.HZ)K%C>Z9?75O*O^
M'Z_TO3[]V,_W!Z*_EF_X)[?\'4O[#'[1?@*#3/VQM9T_]CGX[Z/'HNGZI8:I
M9^,O%'PE^(=S+I:?VMXF\`^+M%\.ZL_A*Q&LVUT\O@SXB7=OJ&B66IZ+9Z7X
MO\?3QZU?Z?\`T-?";]J?]F/X]ZG=Z+\"_P!H[X$?&C6K#2I-<O\`2?A1\7OA
M_P#$?4K#1([RVL)-7O+#P?XAUFZMM+2_N[2R;49X8[-;NYM[4RBXGBC+^3U_
M2UU?:^J#2]KZI)M+5I/1-KSLTO--=#W^O\\K_@\3_:_\(?$7X_?L[_L7^$9D
MO=:_9TT+Q+\2_BU=Q7%\JZ=XL^,6F>$I?!GA">PGTZUMTO\`2O`VCVOC%]2L
M]2U.&ZL_'^EV*QZ=?:7J"W'[P?\`!>#_`(+Q1?\`!,;1+7X#?!OX=>)O$/[6
M'Q8^'[^,/A]XT\7>'X+3X/?#SPQ/XK\9^`M2\6WZ:E?Q:[XQ\9:1K/@V\E\,
M>$E\.IX.U2TU+1?%NJ>)M0T(0>'/$_\`F,>/O'WC;XJ^./%_Q+^)/BC6_&_Q
M`\>^(=6\7>,_&'B*^FU+6_$GB37KN6_U;5]4O)Y&EGN[NZFDEE+$*H8(@"*%
M57NDU9IV:>^CMM:Z>G6]OD"::33NI)-6U33LTTUNFK6W33OV.2^G]><9&/;M
M^O%)U[=NO3)X(QSGO[?7K2\]!R<?RQU/J<C'UKZ^_8%_9`\9?M[?MA?`/]DG
MP3<R:=?_`!>\;V^F>(O$:0V%PW@[X=:'9W7B?XG>.19ZGJN@V.J3^$/`&B^(
M]?LM!.L:==>)-1L;3P]I,QU75+*"1@?W+?\`!HI^P$_PB_9M^(?[?'CO3)+?
MQO\`M/W=QX"^$2S3`OIOP'\`ZZT.M:W'%::S-&C_`!$^)NE7D,EAKFA6>J6.
MF?#70M:TFZET;Q=*]QY)^V/_`,';/B+]FS]NKXU?!;X7?LX?#;]H/]F[X1^,
M+WX?0>)K?Q_J_@7QYXO\2^&]%;2?%^H:-XSTU/B3X(?PQ:_$2"]7P]J,7@V[
M?7/">GP,XL[_`%9;K3OWH_X*I?M<^!O^"07_``2[\5>*OA)86O@_5_!7@+PE
M^S'^R%X2B-UJMMH_CV]\+R^$/A;!;R>(=*\7V>IV?PJ\&^'=6^(EU9^-1+8^
M*M)^'=YX;O\`5O[5UZT:X_R(9)99I9)[F>2XN;B62>XGN)&EGN;F9GFGFDD=
MGD>::5I)9'9F+,S$FEH_OT?;IL];WV[6:ZAK\K6:L[[IIIWTV=]'>ZM:VO\`
MHG_\$?O^#FSQ[^WG^VOHG[+O[37PM^#/P5T/XH^%-6M?@UK?@6Z\3?:]0^+>
MDM'K%KX1\4Z]XT\;2:8;;Q/X:L];L/"]GH_A\ZMJ7C*+1=$M&NGUF*.#XR_X
M.ZO^";.KZ=XM\'_\%,_A7X5U#4/#VOZ;X=^%G[5-QI-A=7=MX=U_26L/#?PA
M^*/B*\;5;I['3/$6ES:7\)KJY@T;2_#^FZGX?\"6=WJ%QXA\:6-O=?Q0^"?&
MOB[X:^,_"7Q%\`>(=6\(^._`7B70O&?@WQ3H-]<Z7K7ASQ3X:U*WUC0=;TG4
MK22*[L=0TS4[2VO+2[MI8[B&:(21R*VW'^N;^R=\=_V?O^"YG_!+M[_QEHUO
M?>%_C[\,]8^#'[17@RUT>UL[CX=_%^#P]I]OX]MO!Z>)%\8VEC?>$?$E_IOQ
M`^#WBFYEUS4=)B;P-XHN%M?$]A<6&GB5[M*Z6K:VZ6;^;23U[7N[!=:*Z3D[
M:V5]+I+SLFWY*_<_R"C[GH2<@=.._7M[=3]*.N>V>??CV(SD<=N_%?0O[67[
M,OQ*_8U_:2^-'[+WQ<LVM?'?P7\=ZOX.U&Y2RU*QT_Q+I=K(+KPQXW\/IK%G
MI^I7/A7Q[X7NM)\8^$]0N[*T;4?#NM:;>K;Q&?!^>0.>,9R#D$=,9'/IN'/Y
MT_Z_+^OF!M>'-"N_%'B/P]X8L"1?>)->T;P_9LJEF%UK6I6VEP84$%G#W:;1
MU8CO7^VU^S-\!O"/[+O[/7P5_9U\!V^GP>%/@O\`#3P?\.M+GT[1;30(-7?P
MSHEEI^H^);G2;&6:*#5O%6JQ7WB;7)'N;RYO=:U;4+V^OKZ]N;B]F_Q,?!7B
M(>$/&O@WQ8R/(/"OBSPYXEV1HC2,N@:U8ZFXC63]TTA2V(17(5R2I&W=C_<4
M\!>.O"GQ/\#>"_B3X%UB+Q#X(^(?A/PYXY\&:_;PW=M!KOA7Q;H]GK_AW68+
M6_@M;^WBU+2-0LKV*"\MK6\BCN`ES;031NB);6].BZ+I;9:ZI:?@%EH];JZW
M=K.SU6S>FC=VE>UDW?L:***8'-^)M"L_%'AOQ#X:U*PT/5=-\1:'JVA7^E>)
M]%C\1^&M3LM6L;FPNM/\0^'KBXM;;7M"NX+AX-8T6:YMH-4T^6XL6N(DG\X?
MXK7[=?P#LOV6OVQ/VI_V<-/U"35-'^"GQS^)/P_T+4IK7^SYM0\/^'_$U_;^
M';Z6Q^U7WV1KS218R?9A>7:Q[Q$EU.5\U_\`;)K_`!<O^"H'Q:\*?'?_`(*&
M_MP_%_P+JR:]X(\=_M-_%W5?!FOPVMS9P:]X4B\9:C8>&M9M[2]BM;R"WU72
MK2TOH5O;6VOA%<JUY:0W(EMT25KZWO;?HE?;>V[N]Y:*3?*FE97YO>O:UN:7
M+:]_AOR\VGQ6YK*U[:'^Q]\$?^2,?"+_`+)AX!_]132:^'?^"/O_`"CU^"7_
M`&,_[0W_`*TS\8_2ON+X(_\`)&/A%_V3#P#_`.HII-?#O_!'S_E'I\$O^QG_
M`&AO_6F?C'3*Z/U7Y2/TQHHHH$%%%%`'Y[?\$EAC_@E[_P`$]O\`LS;]G0_G
M\*_#!K_*M_X*X_\`*4S_`(*)?]GF?M"]?^RE^(/7G/'-?ZJ?_!)?_E%]_P`$
M]_\`LS?]G7_U5?ABO\JO_@KC_P`I3/\`@HEGC_C,S]H8G."1_P`7+\09X'?'
M'4^G/4KJO1_H!^>.!GK@]>,#CKSVQSGWZTO;U`]>X^A^GWL^_'=,8YX_'@#@
M#W_S^JX/(/(Z<]\="0<\YSW_`#H^_P#X:WRU_P`[=0(YN(I>OW&Z].C#C'?!
M_+'O7^S)_P`$EO\`E%[_`,$]O^S-OV=/_55^&*_QFIO]3+U/[MR.">J'OR.^
M?EZ=O?\`V9O^"2^/^'7W_!/;'3_AC;]G7'T_X57X8H77_*W1??\`TN@'Z$5\
M:_#C_@H3^PG\7O';?"WX7_MA_LU^.OB6NJS:''\/_#GQG\`ZCXUN-9M;IK.?
M2;+PRFN-K-_J,-TCVTMG865S/'.AA:/<#C[*K_#K^-_GV/QZ^,4T,LUI?6?Q
M@^(TD%Q;RF.YL[NT\;ZR\,]I=PMNMYX)D22*2)\K(HGA(96+,/Z9_N*5\%?\
M%(OV"_A9_P`%'OV3/B3^S-\3K*PCO==TVYUKX7^-[BV,VH_##XKZ597A\%^/
M-*FA`O8QIM[<O9:[96TD?]N>%M2UWP[.S6VJ2FOS=_X-J_V_O'?[=O\`P3RL
M[?XR>)+SQ=\:OV:_'-Y\$/&7BO5[TWOB7QKX;LM%T?Q#\.O&OB*>>26ZO-6O
MO#FK/X6U36KUYM0\1:OX,U/7]2NKO5-0O9S_`$+T!_7WG^&3\2OAYXQ^#_Q&
M\>_";X@Z/)X?\>_"_P`:^*?AYXVT24AY='\5^#=9O=`UZP:4'9*MIJ>GW42R
MQ>9',`DD;-&0]<7D=\?CCGJ`<]#D#I7]$O\`P=*?L_6?P._X*X?$CQ/I5B+'
M1_VC?AG\-/CQ:PP1A;<:O?VFH_#+Q=,F),>?J7BKX<ZGX@U'<"6N-5EE8!GB
M=OYVSG'7`QUQS^0'OG/MCBC^OZ_K4;WT_K_@]_,3KP1VR>O;'3CGGTK^H7_@
MT6_Y2NZ_U'_&)OQ:_P#4O^&/KP?;_P"L:_EZ/TX';O\`SXXZ=^>U?U"_\&BQ
M_P"-KNO<'_DT[XM#H>_B_P"&/IT&<9S@<<]J!']8_P#P=+_\H9OV@O\`L?/@
M+_ZN#PE7^5ICGOG'X?7IC./T]J_U2_\`@Z7_`.4,W[0/_8^?`7_U<'A*O\K/
MWQ[#G@Y`QCW(Z#.W(]:`%['DDCIQ^&/<C!]!CCG-)^?/&.PR.^!D>_IG\:,X
MR>N.O3/0$8Z<#)Z\T'H2!CKR>W'7U[`8_2E_7Y;::^?9Z`>S?L]?L]_&/]JS
MXS>`?V?O@#X$UCXC?%GXE:PNC>%O"^CHBO+(D3W6H:KJNH7+0Z=H7AK0-+@O
M-;\3^)-:N;+1?#NAV-_J^JW<%E:W,Z?Z"_[`G_!I/^R#\'/"WAWQ/^W1K6J?
MM/?&1;K4;K6_!?A3Q/X@\&_L]:7;S6S6VEZ7IUOIEAX6^)GBN[TZ9I-7F\0Z
MGK_ANTOKEK#3I?!\-A87LNO^9_\`!GU^Q!H_@C]GCXO?M\^*=&O$\?\`QS\3
M:S\%/A;J-_I6HV$5I\%?A_J6E7GBW4?#NI27RZ=KVF>.?BM8G1]9ECTR1=,U
M3X/06=KJDDT^K6%K_9S33MLEY:7TM9Z;+?1[II--,35VM6K:V3M=WC)-O26C
MC:R:4DY*2DFK>/?$_P"!'P=^,?P9\4_L\?$OX=>&/%'P1\9>"Y?A[K_PWFTY
M+'PU-X.:QBT^WT;3;;2FT^305TB""TD\.W^@2Z7J7AF^L=-U+P[>:9J6EV%U
M;?SX?#S_`(-4_P#@F[\-_P!L7PS^T?IJ^.O$OP9\*F[\1Z;^R%X_O8/&WPOD
M^(R:R+_PU=ZMXGUIIO%GB?X6>%[!XXD^%/C)_$K>*-:T_2;CQOXV\2>$V\0>
M!?$7].%%'6^MWYO^OZ\V-))))))*R25DDK626RT26G30_FI_X+T?\%X_"7_!
M-KP9?_L]_L\:EH'C7]N;QSH*26MM,EGKGA[]F_PQK=F9+'XB>/\`3IDGL-3\
M<:C9S)>_#/X::G&8+J.6U\=>.+-_!B:%X>^(?^8CXS\9^+_B/XO\3?$#Q_XH
MUWQMXY\:Z]JOBGQAXO\`%.J7FM^)/%'B37;N;4-8US6]9U&::^U+5=3O[B6[
MO;V[FFFGEDD9V.05_IK_`.#KW]AGP_\`LP_MX>$OVB/A]H>I:3X#_;5\*^)O
M'?B1[W6[35+*3]H#P3K\%K\6/[#T]IVU[1=*U3P[XH^&?BJ>VU:*73IO$?B+
MQ&/#FI#3;8^'O#7\MXQQ^&.0.#VZG_#/(]@?E_7]?E]XG!)[XZ'(/!&#Q_CF
MCI^`Z`#)Q@9S[@?Y/-+].W88_+V_2DSQSD$`_B>G`SR,],T"/4/@=\(?&7[0
MGQI^$WP%^'=FE_X\^,GQ&\%_#+PE:2RVEO"^O^-M?L=`TQ[F[U"ZLK&VMH;F
M\6:>ZO+NVMK>&)YKJX@MU>4?[1W[*7[,7PG_`&,OV=_A/^R_\#M+U'2/A?\`
M![PTOAWPU#K&H?VGKFH/<7]]K>O^(_$.HK#:6]WXC\6^)=6UGQ1X@N+"QTS3
M&UK6+UM+TG2M.:STZV_RE_\`@@GJOP_T;_@L+^P7=_$S2KW6/#<WQ>O=*TRS
ML)6AGB^(>N^!_%NB_"?57DCU32";30/BC?>$-:U*)KR1;C3;"[M_[+UY9)=$
MO_\`7TH'T^;_`$_KYA1110(_'W_@MY_P3R\%_P#!1+]@GXP^!9O"$6L_'3X6
M^$O%'Q5_9J\2Z?H=SK/C/1?B;X6TK^VCX+\.Q:=>V-]>V'QCT[1S\,]=T><Z
MKI<DFMZ1XH'AW5O$O@[PJ]E_D+!]ZJ2I!Y#(P(96&59"I4'<I!4@@=/3I_NU
MU_A>>-9;*;QMXSFTWRQILWB[Q/+8"`KY/V%]<OVM1$5+)Y7V<ILVDC;C!9=I
M"M^=_P"OZVT`YG&005&"",$9!'(Y!&"/\X'%?OI_P;)_M(#]G?\`X*Z_`O1[
M_P`0Q>&O!_[1/ASQY^SKXL>?3?[0369O%^D+XH^&VA+Y5A?W=C<ZU\8_!?PY
MTJVU73Q:26IN_*UC4;;0KO68W_`H=,8]>HQD#CT^G^'&*]+^"GQ7\4?`3XS_
M``C^.O@B\73O&GP9^)G@3XJ>$]0>WL[U+/Q%X`\4Z5XIT>5['4(;K3[U/MVF
M0B6RO[2ZL;Q%^SWD$UN[1,_Z]?Z>@?U_6Y_=Q_P>:_`&XUWX+_L<?M,Z9X7T
M]H_AY\1?B!\'_&GBV"#2X-9^P_$S0]%\3>`]&U&X#IK>H:58:EX`\9W6D1@7
M.EZ%?:OJ[[K*^\0A=1_S_<@X].">3CCD?S_V3CM7^N#_`,%G_A;X1_;O_P""
M,?[3&H_#NX\/^*=+U?X`:)^U/\(/%&KZ/?V\DFF_#>WT3XZZ9K/AJ'4='_X2
M#P_XB\7_``_T;5O#>F+-8:3?M%XLN_#VMS:9IVI:N(_\CQ2&567.&`([8W+G
M!`)`QSZ\_H:=K?UUW6UEIIIZL+-7WU>SZ625EIWUU;=V]E9)P^GMSSG/T/4<
M<G^5?WS_`/!H'_P3U;P_X+^*7_!1WXD^'&74_'<FH_!G]F\ZOIX::V\'Z->H
M?BQ\1=%;4=$8"/7_`!+;6GP[T+Q%X=UY9$A\,?$OP_J=M]EOX2_\1O[,G[.G
MQ._:W_:`^$W[-WP;\.ZGXG^(GQ=\76?AG1-,TN!9Y[:T*2ZAXA\0WA>2&WLM
M$\)^&K+6/$_B#5[ZYM=-T?1=(O\`5-2N;6PM+FXA_P!6[]MWXQ_"S_@BM_P2
M2\4WWP=MM(\.V7[/OP@\-_!7]G30=2N_"NEZOXF^)^N16W@WP?JTMD=#@T?Q
MKXU&L7FI?&'XA6UGX9EG\60Z)XZ\2ZG906K:Q?6A:]O-V6J7;?567F]-];)V
M+I7NGHKWM)]>ED^9Z?"KO5::J_\`$I_P=1?\%`!^U7^WC'^S5X)U1KWX0_L4
MPZU\/9TB6-+/6?CSK\EC-\9=7S-HVFZLO_"+MI7A[X8#3[RZUG2H=6\%^(==
M\/7,5IXHNWN/YA_<C'0#@$^O/4=?7CUJYJVJZCKNIZKKNMWL^JZUJ^H:AK&K
MW]PYENK_`%35+F34-1NIY"`TDUY=SR3R,<,[ON)R,U3YVX]N_P#DCGOST[T?
MU_7]>@W_`,!?U^+\P_\`KG^?/'7/_P!?K7]5G_!JY_P4UN_V6_VL)OV)OB)J
M6?@=^V3XIT2T\)3W]]K\L/P[_:,M],N-)\)W6B:/:?;=*A3XT0?V)\._%DTN
MD07M[K&D?"[4+SQ#I>A^%=1L]1_E3ZGG`/M[?AC'/48/:K5AJ-_I5_8ZKI%Y
M/IVJ:5?6>HZ=J-I,\-WIVHV-Q%=V5[;31L'ANK2XACN8)%8%)(T(*Y4TK6ZO
MYOT_KY^8C^]S_@[T_P""<[^(O"/PW_X*2?#'PX7U7P+'IGP<_:6&CZ>"]WX,
MO[R9OA9\2M6CTS0P'/ASQ!?7OP\\1^)/$&NR7#6.O_#+0--M!9Z2_E_P,^H^
MG!Z8XS@>F#^?6O\`73_X)8_MH?"K_@L3_P`$TM)O/BB=#\8>*_$_PSU[]GC]
ML_X:?;Y-.NG\3ZAX=U'P-XYEU.#PY8>$Y=#T+XS>%[B;QWH#>$DMM-T33O%,
M_AC1]<;7/"6KFQ_R\?\`@H+^QQXT_8!_;%^.7[)?C6XFU.Y^%?C*6V\)^(WA
MM+=_'/PTUVW@\0_#3QJMEIFHZS;:?<>*/!.J:)J^I:%%J>H7'A[59;[P[J4W
MV[3;P(]>JML]?1-?\/\`\.Q-/5.]KIVVT=GMU3NGV>^I\<],#K@CJ!^AX`(Y
M]_PK_1,_X-&OV_/B3\:/@!\1_P!ACQWX)\;Z[I'[*]O'XM^&WQM@L[&7P'HO
M@#Q]KA:R^!_BF^BL[&_L?&UAXE?Q9XO^']S=7OB67Q1X,E\6:3)_PBMC\,-&
MM_$W^>GX0\'>*_B-XQ\+?#SP)X<UGQ;X[\;^(]$\(>#_``?H.F7>J^)/$OBC
MQ'J5MI'A_1-$T>SAFOK_`%35M2N[6ST^RMK:6YN;FXMUA@DD81O_`*TG_!-/
M]D3X"_\`!$[_`()I:?/\8]6\(?#C6?#?@9OC9^V3\8=37<;WQ]=6)U#6-,NK
MO3;_`,0SZ[I_P^M[RW^&?P^T/PG]JC\43Z;%?^&?#LWC#QSJ46J)^>E_S_X?
M;OV&K^ORWU7^?376W4_::BO\C3]I?_@O/_P4E^,O[37QD^.GPP_:S_:&^!_@
M3Q[XRU*_^'WP9\*_%#5D\#_#GP%;'^R_!?ABS\-6D-GX2EU6P\.V^GCQ)XCL
M_#>G7WB?Q#]O\1ZJKZE>RRU\I_%S_@J7_P`%'OCQX1U3X?\`Q<_;;_:1\:>!
M=:2*+6_".H?$[Q#9>'M=@@GL[V&WUS2M(GTZSUBU@O;*TNXK:_CNK>&[MXKJ
M)5N0SA_U_7_#AIW_``_X*Z?TC^WG_@X(_P""_P!\%/@W\#OB3^QI^QK\2O#G
MQ8_:(^+GAGQ!\/\`XB?$3X<>)+?5?#?[/'AC5H_#*ZT'UL>&-;\(>-/&'CWP
M?K'B[P=IVG^$?%MOKOPRU:.[\1Z[>:-KVE:+IFI_YQER,6\@`'`4`DC.%93R
MQ/S-@<9))/RGYJF`')(8$L2W/S,X;[[MNRQ<@$EF)8'Y\\U#=?ZB3T^3ZYWK
M_3_/J.UK)62=TK]=->U[))M)726A"5KMN\G:[LELMEUY;\TDI2DTY/6UDO\`
M<B^"/_)&/A%_V3#P#_ZBFDU\._\`!'S_`)1Z?!+_`+&?]H;_`-:9^,=?<7P1
M_P"2,?"+_LF'@'_U%-)KX=_X(^?\H]/@E_V,_P"T-_ZTS\8Z"^C]5^4C],:*
M**!!1110!^>__!)?_E%]_P`$]_\`LS?]G7_U5?ABO\JS_@KB#_P],_X*)=S_
M`,-F?M#<C@9_X65X@ZYS]._MZU_JI_\`!)?_`)1??\$]NO\`R9M^SKUZ_P#)
M*_#'7WK_`"K/^"N./^'IG_!1+/3_`(;,_:&STX'_``LKQ!]/\GTI6UOY-??;
M_(#\\3G^>>O3!&.!W[]^W.11Z?\`ZR?4<X]/7KUZ4>G/&3D],#GK].GKWH)[
M?GGIC!S_`$!)'?O3`CEXAD_ZYN/Q*GGDYZY^G?G%?[,G_!);_E%[_P`$]O\`
MLS;]G3_U5?ABO\9J7_52@<#RG/'^Z>G&/Z\YK_9F_P""2_\`RB^_X)[<8_XP
MV_9UX]/^+5^&.*`/T(K_``\_V@N?CY\<ST_XO)\4O?\`YGK7O3/]>?6O]PRO
M\.?XXG_B]OQE_P"RL_$CC_N<];Z>IH`_M+_X,KO%MX-9_P""A?@.1V>P>R_9
MN\76RA4"P7D$OQCT:\<DYEW7<%Q8+WC(LV;,;8#_`-YM?Y^G_!ENF?C7^WRP
M5RH^&/P)CDDV_(LDGBCXA&-"W(&](V958_.4D`#8K_0+H`_SZ_\`@]$\)6]E
M\>/V$_'<=NRW?B+X3_&7PA=7C*FR6V\'^+_"&M6%NK<2-);S>-M0=U.4C2XC
MVE3*P/\`%5T]OTX]>AZ<@#IUK^Y3_@]4(/B?_@G2IQG^Q_VH".1D@77P*)PO
M7`)&2?4>O/\`#7P1USGT'/\`N@#)Y'XTG_7]?UWZ:@G!XQQZ?X#MW]#D'@U_
M4)_P:*C_`(VO:\<]/V3?BW[]?&'PQ[^WX^G:OY?,CIU[\8R1^([]/3\:_J#_
M`.#17G_@J[K_`+?LG?%H#'/_`#-_PQZ_G^=/^OZ[`?UD_P#!TO\`\H9OV@NG
M_(^?`7_U<'A+I[_TS7^5D2.>>@Z#'OD\^G''_P"JO]4O_@Z65G_X(T_'^-0[
MO)\0/@"D:1J7=G?XQ>$42-5526,CD(`!D[L+S7\*'[$O_!`C_@IS^W+=:/J/
M@_X":G\$OA=J^G:=K4'QI_:5@UOX3>!+K1-<T.[U_P`.ZOX9TF\T34/B/\0=
M+\26MI#!I&L_#[P-XGT&&?5]$N]:U?1M%U.+5E!V;_KSM\C\9/PY^GN<CU[`
M<9SG.,=?4/@[\$/C)^T'XUT_X<?`?X4?$/XR>/M6\_[#X/\`AGX/UWQIX@N4
MM+6>\NYCIV@65[-%;66GV=U?7]W<"*VL;&TN;NYEBMH))%_T#_V.?^#/_P#9
M+^&#Z)XK_;%^,WCK]ICQ1:MX:U2Y\`^#;(?"3X107]H'N_$GAO5Y(+[7_'_C
M70KB\\K3K'6;77OAQJ$^F6]U=7.CV5YJ<%OHOZ]?%S]M'_@CU_P1?\)R?#&^
M\1?`3]G#4[/PU;21_`_X)^"K/5/BSXF'A?P_!>^&K;Q/X7^'FD:AXA_MW7;'
M6;<^'?%?Q=OM'M?$5WK%YJUUXK>.36]7A-$M^J5M7VZMK1I]&W=;:DZWTCII
M>3>G716NVT^6]U%6DFFVFC?_`."&O[-?[0'['_\`P3#_`&</V;OVF/`.C_#?
MXL_#)_BO!J_A?2?&FB>.9(-.\6?&?X@>/='NM6U;PH]_X6MM5N;3Q4K3:=X>
M\1^+;!+1+&]GUFVU._U#PYH7ZXU_)C\`_P#@[9_8[^.G[9'@OX!ZA\'?&'P.
M_9Y\=WRZ!I?[4WQQ\?>'?#0T'Q3<Z&)-'M_'7PR\-Z)XNT;PAX5UKQ>H\*Q^
M-[_XO2Z1H5G=Z9XL\80>&M$.N/H']9U%[]+;=^RU=]FWJ_PLM$[-+5WU>KMZ
MI:)+1-)=;+WFW=LHHKRGXT?&CX5_L[?"SQS\;OCAXY\/_#7X4?#?09_$?C3Q
MKXENVM=)T;2X)([>(%(DFO=1U+4[Z>STG0=$TFUOM=\0Z]J&F:!H.FZCK.H6
M-C<`'\2__!Z?XK\-3/\`\$[_``'!JVE7'B^Q;]I?Q?JFA0:A83:YI'AS4U^"
MNC:'K.IZ2D[:C8:5XCU72->M-$U&XMH[#5;SPMK]M9337.BWD<'\*8'`^I(Y
M]R>OT_\`K]Z_2O\`X*W?\%!->_X*5_MP_%7]I*4:QI_PY^U+X!^`WA;6OM-O
M>>%?@OX4N;N'PG!J&E/K/B*RT/Q%XD:YU#QOXRT[2=4N-(B\9^)=<&G.;9U8
M[O\`P2C_`."4?QZ_X*L_'B7X:?#.=?`WPL\##2-7^.7QRU;2[C5/#WPW\.ZE
M<3QV6GV-BLUG'XG^(7B:.QU%/!W@X:EI\FJ-87^I:EJ&D^'M(UC6M/77^O+[
M_77</0_+5F1=I=E0\$`LJYQZ9(SMSVI/-B8@"2,DG``=2"3QM`SR3UP!C-?Z
M\O[(?_!!_P#X)<_L;^#8_#7A+]EOP!\8_$DPMCK?Q6_:9\->%/CC\2-9N+&Y
MU>>SN8KOQ7X>/A/P9)!;:N^FW-I\,?"'@73M8L].TB37;+4]2T^WOS]6^//^
M";G_``3Z^)_AK4_"/CG]B3]E;7-%U31[_0ID/P'^&VG:G96&I65Q83OX?\0:
M1X;L/$'A?4X(+B5M-UOPUJFE:UH]UY6H:1J-E>V]O=1,/Z_K7^OR_P`=C]G#
MQ-\8O!?[0WP)\8_L\Z9KFM?'KPI\7_ASXF^"VC^&O#W_``EVOZO\4M!\7:1J
M?@72=(\*_8=4'B6_U'Q':Z?:0Z"^F:E;ZOYCZ=<V5W#<26LO^V7\.]:\6>(_
MA_X$\1>/_!1^&OCO7O!_AG6_&GPZ/B32_&+>`/%FJ:)8W_B3P4?%VAQQ:-XH
M_P"$4UB>]T(^(](CBTS7#8_VG8(EI=1I7Y+?L*_\$)?V"O\`@GI^TO\`$S]I
MOX">"M:N?%7B_2(M)^'.E?$'5Y/&T/[/5MJ5QXG7QW9?![5]4!U6PT_QGHFJ
M>'_#<^H^)Y?$OQ`TG0]"UK1;;QW<:!X\\3Z+-^`O_!8+_@Z9\6?"G]H#P[\$
M_P#@F9JOP]\7>'?@UXW@OOC7\:_%.AVGCKP%\9]7T6:6WU+X.^`H4N+227X5
MQ2&6V\7_`!3\,:MI'B7Q7J\,$?PJ\2Z%X7T@>+?B`?/[O-)ZZ;K;MZZ`M5M:
MS>]N]D]+[[K6]GJD[H_N:HK^&+X<_P#!Z+X8/AS28/BY^P5XBB\7VVF:;#KN
MI_#?XXZ9<^&=8UF.QB76-3TG1/%'@"QU;PYI=YJ2RS:;H-[KWBJ[TNRG2SNO
M$FKS6;7]YY1^TI_P>7^/O$?@?5/#W[*/['^F?#3QSJ*SVMM\2OC-\0HOB%9^
M'K2YT^_M6O-(^'?AGPYX8M;SQ%97]QI^IZ3>ZYXMU'P_"UA-::KX6UJVO,0`
M[>GW_P!=_P`^S/[Q?'7@OPY\2O!/C#X=>,+&?4_"'CSPKXA\$^*]-M]3U71+
MG4?#?BG2+S0]=LH=8T*]TW7-(FN]+O[FWBU+1M1T[5M/>076GWMI>16]Q'_F
MB?\`!4O_`(-C?VK/V-;/QG\</V8+:]_:4_9HT.TOO$NKZ+I%[#K/QV^$OAZU
MBTI[T>)=!AT/PQ_PL_1]'N+_`%"-O%OP]T`ZB=`T34/%_BOP3X*TJ&[^R_BH
M?^"C'[<$G[71_;O_`.&C_B''^U4=?37S\4TOK(2,L0D@3PHWA(6A\$'X;+IK
M?V$OPP;P\?`+>&V?PZ_AO^QW>S?^X;_@D=_P=.?"3]H%=,^!_P#P49U'P=^S
M[\9&_L'1O!OQQL;*]TGX*?%"^GET?0GM?&TQFU.V^$/C.^OKFX\0WNN:M)I/
MPA?35U<MK'@5]-T?1]>+:WOT:MTNW'73JDFE=VLY:-\K4M-RC9RLF[Q7+9W6
M\KIRT:27(T[M73C>W^=$`VXJP*,C;)8F3E&4LI0@@,L@8?,C@2*``8T<\J0&
M4J02""",D'D8.2#QP>G7OUK_`%.?^"JO_!N+^R#_`,%"$\?_`!A^%MI'^S7^
MV#KPU?Q!#\1_"B/'\-?B?XUNGTV?S?CAX`BMKF"[&L&RU&'4/&W@(>&/&*:W
MXCO?&GBA?B1-8KX:U+_.G_;M_P""='[6_P#P3C^*EY\+_P!J+X7ZEX9M9M4U
M;3_`OQ3TBWU+5/@[\7+72%LKB?6?ACX\N=-TZQUV!;#5-*O]1T*[@TSQAX9C
MU2RL?&'ASPWJS/IZ'Z?\.,_TIO\`@W9^,N@?M0_\$:_V;-'\4:I'\1+_`.'>
M@^/?V;/BCHGBNRN]9LX(/`_B36])\.^!=6AUZP&F:_H?_"EM7^'L<-G:?VKH
M<'A_4[;PY+*+C3M1T^U_R[?VHO@AK/[-'[3'[07[._B&6QN-9^!_QG^)7PNO
M[W39KN?3=0;P7XNU?08=2TN:^M-/O9M,U."R@O\`3KB\L+.ZGM+B)YK*VE+H
MG][/_!G/H?[1_A?]EC]J'3OB/X#\9^%OV=_%GQ.^'_Q0_9Z\2>)/"HT30_'G
MB'Q'H7BGP3\9=8\&ZS=6%IJGB;2-.3X9_#'3+VY6[OO#UCJ,-PFD>3JD_B-I
MKG_!6W_@UY\7_MT_M6?%O]K_`/9\_:1^&GPQ\2_&'5/!5UKOP>\:?"O6-'\*
M6-[H?@73?#/B7QA'\1O!_B'7[W4O$7BK5M"M/$6HV#_"ZP6]U+6]=U+4]?N]
M1W2ZD.]];ZZMO?6S7WWO?_,45&R4;65HI*UM/=:5M%RM6M96LUT5_C'_`(,\
M?V$+G4?%'QO_`."B7C;2-/FTC0+'4_V=?@:=5T;2=1NE\2ZG)H7B+XK>-_#]
M]<W;ZEX;U+1-`31/`5MJMEID)UO1_''C;0XM7$%MK^FW?RW_`,':O_!0X_';
M]JCP=^PI\._$,MW\+OV4(QXD^*2:;J?FZ-XG_:)\9:1"PM[U-.\0:CH^KGX1
M^`[Z#PYIT]WH^D>)/"GC3QE\7?#=^LD*P8_L6^(FK?"S_@A[_P`$A=;N_!.F
MG7O"_P"QK\`K'1O"T-S87C1>/?BQX@U6ST#2=>\1::_B/[7IUA\2?CEXVB\1
M>,;33O$1.AV/B+6H_#[NEE8VE?Y%WCOQUXN^*'CGQC\2_B#KVI^*?'GQ"\4:
M]XW\:>)=9N[C4-5\0>*O%6JW6M:]J^I7]U)-/=WFH:I>7-S<SSS2S.TFZ21C
MABM]?G_7R*Z?A_FW]^G_``#E.N#TZ]1S^'0C_/%(?YC'08W>IY/KM]\<TO!S
M[C'^?4<]J./R]>WOR/4<=CUYH_S_`,OT[?F(,X[_`)D#&0>#CL>G>CICGMUZ
MCGN<?_6Q[4G'XY)'.#U)/?D$CW_+-=I\-O`/B+XL?$;X?_"SP=I]]J_B[XF>
M.?"?P^\+Z1I-I<:EJNI>(?&6O:?X=T?3],TZT5[J_P!1N[[4K:&SL;59+B[N
M)8X;>-Y'5"?UV_X?K^7<#^X/_@SR_9R_;.\(2?'C]I*X&F>"_P!A_P",.BZ?
MX6LM,\4Z'+/XB^-/Q4^'&LZKIVD>,/A7<^997.C>$_AR-7\:^$_%WBR2>\\,
M^*->O9O!VGZ+KWB+PIJNM_#/^UOQ#\#_`(+^+/'NA?%3Q7\(?A?XF^*'A:TT
MRP\,_$GQ#X!\)ZSX]\.6&AZI?ZYHUEH7B_4=)N?$&D6>CZUJ>I:QIMMI^HV\
M-CJE_?7UK%#>74TS\[^S)\`_!O[+/[/'P5_9R^']IIUKX2^#'PV\)_#[3)])
MT.T\/6^L3^'=(M;35?%%UH]A)-!!K/B_65U#Q3K\\ES?7>H:]K&I:A?WVH7U
MW=7D_O55M;7;9K3KOLG\WK]Q-DT[I^\O>C)J5KI)Q:NXVZ-1;C>[UNV_#?$/
M[-?[.GBSXC:/\8O%7P!^"GB7XM^']6TW7O#_`,4?$'PK\#:U\1M#US1K6UT_
M2-;T?QQJ6A7/B;2]5TO3[.SL=.U&RU2"\LK2TM+:VGC@AAB3^93_`(.\=/\`
MVL+G]B#X877P8TC5;G]FZS\:ZW_PUYJWAW[.=4T_29=2\`W'P:L/$:PQ-J[_
M``QU#QW9WFH>)$1V\.KXVT3X:7.N6\FH6_AN:V_K=KB/B-\/?!WQ9^'WCGX6
M?$+1(O$W@'XE^#O%'P_\<^'+FXO;2W\0>#_&6AWOAWQ-HEQ=Z;<66HV\.K:+
MJ5[82SV-Y:7L,=PTMO<P31I+'-MKV?JD_1ZK1IV:?1ZJS2:;2DK2U5XO?9PD
MI1?2]G%.U[.UGIH?X9A.>O3//4'JN.V<]<8%+]>V.3C\^OT_ST]P_:>^"&K_
M`+,W[2?Q^_9SUZ]M=1UCX$?&3XD?":^U/3VN'T[5G\!^*]6\-QZI827EK:W3
M:?J46G1W]F]U:VEV]M-!)<VT$KR0KX?CGIQP/J.1@#T!_KZ4_3^OZ_'R&'K^
M77/MWX'^-5[K/V>3)S]S_P!#6K'3K]./K@?TJ&X<+!(1D_+MZX_UAV=1S@%O
MQQMSUI/S[_Y))ZZW?R[@?[D'P1_Y(Q\(O^R8>`?_`%%-)KX=_P""/G_*/3X)
M?]C/^T-_ZTS\8Z^XO@C_`,D8^$7_`&3#P#_ZBFDU\._\$?/^4>GP2_[&?]H;
M_P!:9^,="=TGW5Q]'ZK\I'Z8T444Q!1110!^>_\`P27_`.47W_!/;K_R9M^S
MKUZ_\DK\,=?>O\JS_@KEC_AZ9_P41'3_`(S-_:%[X_YJ7K_3U^E?ZJ?_``27
M_P"47W_!/?\`[,W_`&=?_55^&*_RJ_\`@KE_RE+_`."B6<<_MF?M#=BP_P"2
MEZ_QV/Z#FEU7H_SB!^>1QVQZ?_J.,<8Z=N])S@\#OVY[@$*1W&,9Q2XYS[\_
MEU`Z9[?G29SGTR??T)]>I/Z]J/\`-=>G?_@=?P`9+_J9.P\M^/JIZ\<'/!_Q
MZ?[,G_!);_E%[_P3V_[,V_9T_P#55^&*_P`9N;_52\_\LG7KT.T\CGK]<G\>
MO^S)_P`$EO\`E%[_`,$]O^S-OV=/_55^&*8'Z$U_AV?'G_DNOQKSYP_XN[\3
MO]?_`*\?\5OK>?./_/8?\M./O[J_W$Z_Q0M;^`'QR^//[4WQ1^'?P3^#GQ)^
M)WCK7_C'\0[72_"G@3P5K_B/4YVG\<ZU$DSQV-E<?9-/M")#=ZGJ,]M8:?!#
M<W%_=100231@[7_KU_R/[#O^#++P%>PV7_!03XH3PXTV\U']GOP#I=R5(,M[
MIMI\5?$.N0(1\O\`HUMJ_AUF`^?_`$J,G=D5_=?7XU?\$+_^"<6K_P#!,W]@
MSPC\'?'XTU_CC\1/$>K_`!C^.CZ3/#?6&G>.?$]GIFF6/@VRU*!I(M0MO!'A
M/0_#_A^ZN[6>XTR^U^UU_5M*E?3]1@D/[*T?K\@?^7W]?Q/\\C_@\X\<6VI?
MM2_L8?#=)XWN?"'P%\?^.+BW656EAB\?^/X-!MI)HL;HDF_X5Q=>6V0)/*?`
M'E_-_&;U'H?Z_CC-?NY_P<E_M)6/[2/_``5P_:%?1-135/"WP'L?"7[./A^X
MCEBDACN_AOI\USX_M(S"65Q9?%+Q!XYL][,\A-L,NJJD4?X1\8QR.GID9.!T
MS_GZ4:_Y@_T7Y(3N.G`Z8^O(/7VX'?IS7]0G_!HJ?^-KNO8_Z-.^+6?K_P`)
M?\,B?IS_`)Q7\OF!^/J>>1QD^X_#OZ<?U!_\&BW_`"E=UX=1_P`,G?%O/7'_
M`"-_PR&.<^_?M0O/_AO\Q'^CY\;_`!5\'O`OA33/&WQW\1_#3P=\-_"'BK1?
M$FI^+?BYJ_A;P[X&\+:OI+75[X3U^_U[QC<6>@:)J6E^*HM'NO#NJ75W:W5G
MXACTRXTRXCU&.UEK^;7]N+_@[+_8.^!&E7N@?LCZ=XD_;&^)T^GRFSU;3+#6
M_AO\%O#FH21ZS:QIK_BWQCHVG>*_$MYIM]:Z-J,^C^#O"-UH>L:+JQCMOB!I
M>JVUQ;6WTI_P=,J&_P"",W[0(/\`T/OP$/4CD?&+PDPZ$=P,5_E:G!QW')S[
MC&/;N>M'6_;RO^?Y`U=6ULT[V;3UTT:=T[=59KIL?N7^VM_P<4_\%0?VU+7Q
M%X3U'XRV_P``/A'X@98;GX5_LXV4O@"UN=._L:YT#4-*USXAR7FH?%C7]'UR
MRO\`49/$GAO4/&[>$]7NKH2/X>AAL=+M;'\.+FXFNKBXO+J>6[NKIY+F[N[J
M:6ZO+F:5W9YIYY#)/<2RLTCO++*\A8$9)+;6'/4=0>/U`Z#/&?\`Z_>C\/IQ
M_/UY)Y'&,\TMMO\`A]OG>VWXL+@1D8.,?,",`J1@@Y&<'MGWYZU^QO[`7_!=
MW_@HK_P3KTS2_!7PJ^*&G_%#X,Z1"]MIWP,^/-GJWCWX>Z-;,-9DCMO!]Q9Z
MYH/C7P':PZCKMWK1T[P7XKT32-2U:&QDUS3=6M(&M)/QR//UZ\#'8]/3^G0]
M:3&#G/7J<>@'&><>O]:/^!_6VMOZL!_7I??\'E'[?<ED$TW]F+]D"UU(A0+N
M]L/C/?V2L%/F,=/A^*NF3LK-_JT&HDH#AF?EZ_G]_;/_`."G/[<__!0'43)^
MU-^T-XV\=^%XM9T_Q#I?PKL;P>%?@[HFNZ/I5SH.FZ_H_P`+/#QLO!UOK]GI
MFH:E:P^(WTR;7C'J^K&;4&?5M2-U\&]QST_'D<<]>N?;'7Z+G/&,DY!_J>__
M`(]U%/\`RL]=U=/;JKI/79I,&D[-I::K39V:NNSLVK]F^[&NVU7?&=BL0N0"
M0HR1GGKC@X_3FO\`7#_X(#?L:^#/V.O^"8G[-5GI?A_P]:_$;XZ_#[PY^T#\
M7?%^D"[GU/Q=KOQ4L1XR\*VVLZA?(L[-X(\":YX<\&P:79)#HFGW>E:I>Z=#
M=WNL:MK.K_Y'<HS%(`"28W&.Y8HV!@`9SDD#GGUYK_:'_P""9_C?PS\0_P#@
MG?\`L,^+O"&LZ;KFB:G^R;\`88KS2]0M-2M[?4M(^%_AC1?$&B75S8W$\$.K
M^&_$.FZEX=\0Z:S)>:-KVE:EI.HPP7UE=6Z";UZ7\_3331IO75736EA-7:?:
M]E96N].:[5TTKI6:5I2NGI;[EHHHH&%?X]__``6X_9#\(?L/_P#!3G]ISX%?
M#:&*S^&7]OZ%\2_AYI-O:W5K;>&?"WQ6\-Z9X\M_!=JM[J>K75Q8^"[[6M0\
M*:?J$U[+-J=CHUOJ%Q%:37<EC;_["%?YE7_!US^SI^T+HO\`P4>\:?M(ZY\%
MO'UC^SOXL^'WP8\+>#OC;;Z%=:I\-=8UZP\'2V&H^'K_`,6:7]NTKPWXLBU?
M0?$,%MX3\37.C^)+S3=';Q#9Z7<^'KW3=4NS^ORZ?U8??TT^]'\M6!@=3R/Q
M)/'3[Q&.V<X-`)&!@8['TR>`<X)__4,4<$9!X89X(.0<G@C(Q@\!<<>_3[R_
M8Z_X)A_MY?M]3+/^RO\`LY>.OB#X575[[0+WXGWEM;^$OA#IFM:7IT>K:GH]
M[\3_`!9<:/X)CUJQT^XL[BZT:'5YM9VZCI=LMD;K5=,ANCY=W]W_``-?D2VE
MNTKM*[:2NVDE=]6VDN[:1\'8'0]^>>?0=_P_.FLH.4/((P<$XP<C!P05ROT]
M>U?U3G_@T`_X*B?\(6?$P^)7[')\0?\`"-G7!\//^%D_%(>*#JO]FF__`.$-
M.J#X-'P,/$/VG_B2B\/BX^$O[3_>'Q/_`&1_Q.*_#']LK_@G+^VC_P`$_O$E
MIX>_:P^`OBWX7V^J7$EGX;\8YL/$OPT\536]GI]_/#X9^(?A>ZU3PCK%Y;6F
MIV#7VGP:LVI:7+,;'4;.QOHKFT0_KR&?>'_!++_@OA^V5_P3,O=*\#6^JR_M
M`?LOA[.QOOV?_B3XAUJ:S\':3_;[:SJE[\$/$QGN+CX8Z]=K>:XK6*V>M^`]
M0O=<N]3U[P=J>L6VEZII_P#HM_LG_M=?\$^/^"U_[.-UXK\+>#?!/QS^'N@^
M*;2W\??`O]HWX8^"O$GB7X:>-+:TNYM!E\:_#CQ&OC/PY#>WVDW-Y>>%?%FA
M7VOZ!J=O+K>GZ-XBFU/2O$FFZ7_CN]\9]^><<_U[>F/:O]+O_@T&\,>'M,_X
M)@^._$NGZ?I"^(_%/[6'Q,B\2ZO:VD*:M=1:#X-^&MMH>DZIJ'V>*ZNK728;
MJ\O=,M)99;2Q_MR]N+1(9M2O@YWW\O/;S_X/R=PU]>]WLNFEG?6RLVE9WOHH
MO^I71M&TCPYI&EZ!H&EZ;H>A:'IMCI&B:)I%C:Z;I.D:3IMK%9:;IFF:;910
M6FG:=IUI!!:65E:06]O:6]O'!!''#&B#9HHH`Y_Q-X9\-^-O#GB#P;XR\/Z)
MXL\(^+-$U7PSXJ\*^)M*L->\.>)?#FO6$^EZ[X?\0:%JD%WIFL:'K&F7=SIN
MJZ5J5M<6.HV-Q-:W4,\$\D;_`.7;_P`%9O\`@@'^U;^S9^V]XT\'?L8_LT?&
MWX]_LV?$B"3XI_"34/A#\,OB9X^T7X4:'XEU[7[9_@AXU\6RV&N6EOXA^'MS
MIDMMI-QJ_BS5-4U[P)>>#?$>KZA_;NL:MI>E?ZF5?FQ_P4D_X*G?LN_\$L?A
M]\/OB%^TP/B1J5O\3_%>H^$_!?AGX7>$K/Q1XFU2\T?2&UG6=0D76=>\*^'[
M#2M,C;3;.Y>^\06]]/>:S8)8:=>6T>J7>F@?UV/\[GX4_P#!L1_P6.^)\GA6
M?4_V=?"WPDT+Q8=!N/\`A(/BO\9_AEIG_",Z5K7V60:MXK\(^$O$?B[XAZ0V
MD6ES]MU[P\?"$_C"Q,%SI;>'Y-7A&F5^G7PH_P"#,K]J'4]8TY/CE^V+\"/!
M6@,;O^UKGX3>%?'WQ+UFV$=M++9#3[+QCIGPIL]0-S=K!:W)N;_3#86T\U_&
MNI2VT>FW?U]\:_\`@\_^$^GW?B+3OV<?V(OB-XQLFTV6+PEXO^-'Q.\-_#F9
M-8ETA/(OO$/P^\%Z)\3&N-)T[7WDCETW3_B+8WNN:-:I<)J>@7VHM;Z9^2OQ
MF_X.X/\`@J)\11:P?#31?V=?V?K:U>^+7/@WX<WWCC6=0CNOL7V==2N?BKK_
M`(QT<R:;]EN3:2Z3H6D)(NHW7V^*]\NQ>S%O]^]][:;:^G2^^EQ.]M+WO':U
M[<RO\6EK7YOM<M^3W[']`OPM_P"#._\`X)W^&]"TI?BK\;/VJ_BEXNMTNAKF
MHZ/XJ^'WPY\'ZG(][--9-IOA.R^'OB37]'6VTW[+97,<OC_6FN[M+G4(I+2&
MZ@L++]//`7_!(#_@BY^P9XG\&_M`Z9^SC\"/@OKW@'Q/9:MX*^)7QB^*'C#6
M]/\`#7C2UMKG4='U/2-0^.7Q'\1:#;>*-'&FSZ[X9OPC:QH&HZ2/$FAR:?J>
ME1:C;_YRWQA_X+I_\%=/CEJEMJ_B[]O3X[>&Y[33XM-AL_@WK&F_`'2UMH;F
M\O(VGTKX*Z5X#M+_`%`RWTJ3ZMJ<5YK%S;1V5C<7LEGIVGV]K^7GB3Q9XL\9
M7+7OB_Q7XF\57L@17N_$GB'5]=NF"@A,SZK>W4I*`MY>6RF24VGJD_G^=[:7
M5M-[OR[7T;O;1I:K=7TNKK=;I::V3UL]G_NE45_'7_P;<?\`!<[P'\:/A)\.
M_P!@']K+Q_X6\&?M`?#"T\%_"?\`9IU_6([K1HOCU\/-/T6]TGPKX0EU&#3%
M\*6OQ,^'^G:!HGA*+^UM7TC7/BI#K/A8:1IOB7QO!XKU;5/[%*8!117\NG_!
MQ+_P6Z\(?L.?!_QC^R/^SIX]N9_VX?BGX>MM,O-4\$:O9PWO[,7@?Q##97EU
MXS\3ZG%%<W&C?$CQ9X8NI(/ACX:L)-/\5Z39:U:_%>74M!M+#P2GC8`_S]_^
M"DOQ-\)?&?\`X*%?MP?%;P#JD.O>!O'_`.U;\=?$O@W7X(;NV@U_PO?_`!$U
MYM"UR"VO[>TOK>'5M,2VU"&"]M+6ZA2=8YX(95=!\4GOCCIG`!/?'')^OX<T
MT`J`"=P`"[NI(P<,Q)Y.T9;U.YL*.`[J..XS[GT[CZ=?Y8I>?]:_U_F`$9X.
M._3/3_/7W]15:Z_U$G4'Y0,]QO4@8XSM!'8?SJP<@9R?4X'/Y'IQU_/U!@NO
M^/>3MROY[U)QD<_X9]*8'^Y%\$?^2,?"+_LF'@'_`-132:^'?^"/G_*/3X)?
M]C/^T-_ZTS\8Z^XO@C_R1CX1?]DP\`_^HII-?#W_``1]Q_P[T^"6/^AG_:%_
M/_AICXQ9_6@?1^J_*1^F%%%%`@HHHH`_/+_@DC_RBX_X)X_]F9?LX_\`JJ?"
M]?Y6'_!7'/\`P]+_`."B)(_YO+_:&R/8_$K7SWV^W49]J_U5/^"3'_*+_P#X
M)[_]F;_LZ_\`JJ_#%?Y5G_!7'C_@J9_P43_[/,_:&/.1_P`U+\0$GGMSV_6E
MU7H_SB!^>.>OX9`]A]!Z'&>N<CK28[<<#\.G`/)/?I_+N'!P<8Y'4\<GKPV!
MUSDT$#CD\9//.<?U_E[<46_'5_A_D`R7_52\'_5R<].J]./IUZCUZ5_LR?\`
M!);_`)1>_P#!/;_LS;]G3_U5?ABO\9R09B=1R2C*!G!)*E0#DX/(/(X_2O\`
M2Z_X)Y_\'"/_``24^!?["/['?P9^*/[4$_AGXD?"K]FSX-?#SQWX=_X4[\<-
M6.B^+/!_@'0]#UW3O[4T3X=:CH^H1VNIV-Q`MWINH7MK*(]\,SI(KE@?U95!
M%;00%C#!%#N(SY4:)N`'&[`&<$D^N/7H?PB_XB9?^"*O_1X;?^&+_:*_^=17
M!>+/^#I;_@C9X=M;F?2_CS\0?'4]OYFS3O"7P$^,$=S=F,*0+6X\6^$_"FDM
MYI8K&TVIPJ"C>:8OEW@[?U_P]C^B&OQO_P""TO\`P53^'_\`P2[_`&4?$OBV
M+6-)U']I3XG:7K'A3]F[X;RSV\^HZEXPN+4VLWQ`UC2L2S?\(%\-?M<.O^(+
MJ>"*QU:_BTCP>EY:ZCXEM9X_Y[/VOO\`@\ET`:-J'A[]A3]E_7[K7KN"X@L_
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M_A^%+>W_``?+Y?+JNNZ$`(/'?'Z9]>>N/7YOQQ7]0G_!HM_RE=U[_LT[XM=>
M/^9O^&5?R]#//Y^I!Y!`)^7@_P"!K^H3_@T5S_P]=U[/_1IWQ;SZ_P#(W_#+
M'<]O<]J:_/\`K^K`?UD?\'2__*&;]H'_`+'SX"_^K@\)5_E9\^F2>_R]^0>.
MNWCTS7^J9_P=+_\`*&;]H'_L?/@+_P"K@\)5_E9\=<8Q@]#[$]L<;>?P[DT`
M*2?3ZXSQG(SQC./0>W2D''&.,\>P_/I^O/04ZFG\.O7OP2!C/3K\V10`I'MS
MC''!]\9_/J1GWXHZ#V'TQR.>.3@]NGW?R/\`'GISVY[?YQBD(/;/8GG'08[8
MZ_D*`%/<8]^<D=\XZ]OX>._8\(1Z=201P3R",?X?F?6CL1Z\@$_H1Z`C_/<X
MXR>23SZ<'.,CH,#T_(XI;[/OYO77KMZ>G30`.0#SP.GICDX'(QW]*_N0_P"#
M3+_@J;XCM=>B_P""5WQ(T#Q%XFT/5IOB#\3_`-GCQSI\E]JEO\/H;+2KKQC\
M0OAUXHMKJ]-IHG@74+NRU3Q5X1U#2K:U%EXY\1ZYI6IQ:DWC#3+C0_X;F8!2
MQQM4,QY)X&02`!SQ_GO7^G3_`,&PG_!+N]_8I_9+O?VFOB]X<LK']HG]L#2/
M"WBFSAN#H^IZG\/_`-GXZ?#X@^'/A..\BT[^T?#VL^.)-6;QUX^T.WUZ\M[E
M8?AQIGB+2],\5^"+VRM3Y_TO2W;T\@/Z@J*_SD/^"EG_``=(?MCK^VM\0],_
MX)\?&#P[X7_91^'IM?`/A&+7/@_\//%'_"U]=T'SAXN^*%[J'B_0M;\66&F:
MSX@GOM+\&V>FZYX>LKGP+H_AO6-6\,Z5XGU;6XJ^+?BS_P`'3/\`P5]^*&@6
M?A[1_BG\*/@U&O@Z+PEK6K?"3X/:%9^(/$ET;>ZM=0\:76M^/;SX@77AWQGJ
MT5QOFN_`7_"'Z)I%S#;W?AG0M#NXO/9]K^5[:^N]KV^0.]G:S=M+NROV;L[:
MZ-V?DF?WR_\`!5#_`(*X_LV?\$K_`(17'BWXEZGIGC?XV:_ID-]\(/V;M,U^
M?1O&_P`4!_;UAHNHWAU2R\.^++?P1X5TFVN-4U2Y\7^*=,AT>].@:GHNA?VO
MXD6'29?E+]BW_@X7_P""8?\`P4.TQOA+XP\26WP.\=^-/#$/A_Q/\&/VH+/P
MQIO@WQBWB'0-0B\8^$-#\975]J7P]\;^&RL6H:'Y/BD^$]2\86.HZ;;1>#_M
M6IW.BVO^6E\1?B3\0?B]XTU[XC?%;QSXL^(_C_Q5?W.I>(O&?CC7]2\3>)=;
MO[VXGO+FXO\`5M7N+F\GDEN)YYR#)M#LY"`$YXH@9#'/R@$$;MRL.=R!<$."
M,JR9=?F\O[QR[Q[77>]GO=-;I;=5+=Z[-1:INIJ+TLN7FBE:TD]8RE=MZIPV
MC[NDE/\`U"_V@/\`@U:_X)A?%SXM_#3XH?#WPQXO^`^C^'/&_A76?BK\'?!O
MB/Q!JGPH^,W@S1]4O=1\3>$KFQU/7HO&WPXUGQE`^G:#/XJ^'?C;1=/T70;.
MZDTSP>/$FI?\)-;_`-%/@'X>^`?A3X.T+X>?"[P/X1^&O@#PM;R6/AGP-X!\
M,Z+X-\(>';&6YGNY;30O#7AVRTW1=)M9+RZN;I[?3K.WB:>XN)G5I9I6?^;7
M_@TX^(?Q>^*/_!-7Q9XB^+7QH^)7Q67P[^T9XI^&7@#2?B%XGF\66WPX\`>`
M_AI\*(-#\(^$M0U:*Z\2:;H%NNIR+:>&IM=NO#&B6=M8Q^%]$T)I]:FUC^H&
MA[WO=[WUZZO?6]]'YK1M:E+162Y4M$K1T2VMRMI)I)Q5TU%JZB[I%>7?&+X-
M_#']H+X8>-_@O\:O`_A[XD_"WXC:#<^&_&?@OQ-9_;-(UO2KEHY0CJCPW%I?
MV5S#;ZGHVM:9-9ZQH>M6=AK6BWVG:MI]E>6WJ-%(9_&=\+O^#-_]EO2_C7\3
MO$GQ@_:3^+?C#X#3^)]2F^#'PG\$6.B>#?%VE^&;M=&O],MOBA\3-2M/$R^(
M;C1I)_$WA::Q\)^$_#$FMVECX>\9GQ)H]QJ&I>!]._IF_9Z^&/[$?[#.F>!/
MV,/V?;;X+?`:ZU]?$'C/P-\"M.\9:1;?$7QY(8+V\\3>,X-%\2:_??$?XCW<
M.G^';M=6\6:A)X@O;31/#45A<:C!I/AZWMK#\C/^#G7]K[]I_P#8H_8(\`_$
M[]E?XS^(O@WXL\?_`+0VC?`?Q?J?A_1_!=_?WO@;Q_\`";XO:_J=SHVL^(/#
M&M>(?!OB_2M0\!:9_P`(WXN\$ZSX<UK0UU'5;NVN?[8AT+4]$_S)K3XZ_&FR
M^,.G_M%0?%GXB7/QYTOQK;_$BS^,=_XOUW5_B0/'=MJO]MIXNN?%VIWMWKE]
MK;ZJSW]U>75Y/->SRS//YK7$N\:\UWVVU^7:_7=:Z6!/5W323M?371.ZL]DW
M:TK.Z>EK2?\`N+T5_%=_P3P_X.[/@?XE\&^$?AU_P48\#>*?AI\3=-MM"T+5
MOV@OAAX>'B[X6^-9#<WUOJ7C?QAX`T9;?Q?\-;RWT\:-=:MI?@G2/B-IFN:K
M-XBU+0M+\(Z<-(\)I^TI_P"#B?\`X(QC3X-2'[='@=H+F1(HX1\._C>VHI)(
M\4:^?I"?#%M5MH]\\9:2YLXHT42N\@CAF:(Z7TWMNK].F_73OK;9BOJUKHDW
MH[6;:6MK-Z:I.ZTNE=7_`&LK_-F_X.W/V[/"W[0?[7_PQ_9'^'E]I>L^'/V-
MM(\5GQ]KVG36EZ+SXT_%*+PQ<>)O"D>HZ=K&HV5Q;_#SPWX;\+Z1J-JUGI>L
MZ)XYU+QUX=UVWEDTFS%O_;K_`,%>/%G[3/@'_@FM^V%XZ_8^U670_C_X,^$U
MWXJ\+Z[:OIB:KHGA;P_K6C:O\6M9T"36)8[:/Q1I7P?M/'=_X5EMR^KIXBMM
M+?P_!<:ZNF02?XX-]?WVJWE[JNI7MUJ.HZI>3ZEJ.IW\\UY?ZC?7T[W%Y?7U
MQ.S3W%U=2RO//<S2/))+(\LHPK9!_P!?D5P,XYY&?<C(/'3&<^W'3IU#VY]\
MD?CUX`(YH&/QR>._!QGDY/?\.!1U!P>N,$G\.F.#G]>U']?U_7J`8[=L@C'.
M><]CC`'^([4$]1R?;!Y_$>O_`.O/2C@?@`,XS[]!SQ[X]NM+^O8YXY_+OG^6
M*/G_`,$!%+AD<%XI(I%DB=&V2(Z?<E1EPT3H^'1D8.I"-N!W*/\`19_X-#?V
MI?VE?C]\$?VM_`OQT^-'CWXN>#O@?XE^!.B_"&R\?ZTWBG4/`FE:]X8\>6FL
M:!HOB35DNO%1\-?8?"'A*#2?#%]K%YX=\-KIDK>&[#39]6UV74?\Z89&/R]!
MGMZ<'IPOI[5_HK?\&:/@O3K#]B3]JKXBQ:=XBAU7Q9^U2G@^\U.ZNM$?PG?:
M7X"^%?@C5]-M=$LH)G\2P^(+"]^(6M2^*+O5+6'0[S3]2\)6OAVYN;_3?%$5
MJ=]M//T_'797TU"ZV=]=+V;MUN[+165KNRNTKW:3_++_`(.+O^"N7_!1#X2?
M\%$?V@/V/?@G^U7\0_@Y\#OAQ;_!35M&T/X3+X?^'?C&SUCQ5\#O!GB_6%E^
M*_A32-,^*MQ87FH^,-0U!]'G\9'2C+<63BR_XE6E&U_CZN)YKJ>6ZNIYKBZN
MKB2YNKFZDDN;FYN)I#)//<7$SM-//*[,[S2R.[N=[EL5^L/_``77\;3_`!`_
MX*]_M[:[=)MDTWXX7O@4#^T-?U)6@^&N@:'\/[5OM'B36M=U&,M:^&XF;3;:
M[MO#^DL3IGA32/#_`(9M-*T+3/R:[>G(_G@=/7'TY]*5K:+;ITTV[O71?YNP
M)MI723LKI.Z3LKV;2OZV5][+8.>Y[G//7J>XST^G'-!`)Z<CGV(.<@'U!Z9Y
M^G6@C]3@<9QP!T[#]/UI?S'7OU''KSP??G@TP`C_`#G\3SUXZ]N@QBJ]UCR'
MZ?PGCG^-1GV.:GP"!UXX&>X/'_ZN.<]N\-QGR)`4W'`.!D<D@[C@?P'YB#SA
M?FI7_K^O5`?[D/P1_P"2,?"+_LF'@'_U%-)KX=_X(^?\H]/@E_V,_P"T-_ZT
MS\8Z^XO@C_R1CX1?]DP\`_\`J*:37P[_`,$??^4>GP2[?\5/^T-_ZTQ\8OY]
M:8^C]5^4C],:***!!1110!^>_P#P27_Y1??\$]_^S-_V=?\`U5?ABO\`*L_X
M*X_\I3/^"B7_`&>9^T-^/_%RM?\`\>_>O]5+_@DOQ_P2^_X)[#T_8V_9T_\`
M55^&*_RK/^"N1_XVF?\`!1'D'_C,S]H8'(QS_P`++U_'!R1TR.O`_&EU7H_S
MB!^>/)..<=?K]3VSW&/;I1GH<YZ'TQP3\W8YQZ<9H[\\#)Q^(Z<D$'.>O/7G
MKE<GKZ9[].?;/?K_`'>:?X_U_70`Z=>/0>W;\"!FCV'Y?G@=#_G\J.O7M_\`
MK&#Z`D]NM(>V><'J#QQGCCKC`_SFE;[_`.OP\OU`4^W'7G'?],DYXZY_"CD>
MA]\]<\D]^Y)X]>/<)QCUXZ\\\]ATX!_IQ2=<9Z\>G^/.<$_AZBG_`%_D``YX
M'N1GC&#C&,`8_'-'!SGVX.3C&<9Y(]_Y]:4?IU.>H)P<<=N3ZTIZC!['MW^N
M./U_'%+_`('?^OZU`;CU.1ZXR<'G/I^F,`9/%+_AC/U/Y9R.XI"/IR1G/I@>
M_KT]S1QG'.3^/?`]0,GVQZ^E,`/4'([]#@XY'OT&[NM?U!_\&BO_`"E=U_O_
M`,8G?%KD]_\`BK_AD#UR1R,5_+[^7!XZ'GT(XQCVYK^H+_@T5X_X*O:Z/^K3
M/BUGZ_\`"7_#'_\`7^-"_K^EH!_63_P=,<?\$9OV@?\`L?/@+^OQ@\)"O\K/
MDY'`/Y\<X_\`U?\`ZJ_U3/\`@Z7_`.4,W[0/_8^?`7_U<'A*O\K3KCMUSGL>
MF>G..?YB@`'?)R3SU[^O.>.GY<=:"<?G^7&3CD=L\\]30#P>,$<D?GCZ\4F!
MD'')[GCI_LGJ./PZ^]``,8/''.<=^,\?4<TO<=P>H'OT]>N#V`]>:,^HZG'0
M_P"<'^?>DSQSQZ9()`'0D=?_`*]']?U<`]1GMCIGDXSQWQP?Q(I>.H)_Q!SC
MCDCO[?E2=P<XR,<GN<8P#D9KKOA_X`\:?%;Q[X-^&/PX\.ZKXP\??$+Q+H?@
MSP5X6T.TFU#5M?\`$_B+4(M+T;2K&RM8WGGGO+RYAB55#``E]J!=Y7KTZNW3
MKO\`=V`_=;_@W<_X)5#_`(*/_MA#QC\3]"74OV5/V8;OP]XT^-4$VK1:7)XW
M\5:O%KEU\*?A;8P)!<7^IV/B#6_#UUK'CM[2WM+>T\"^'M3TFX\0Z#K_`(F\
M)RWO];G_``=`?\%0;O\`8P_9)M/V7/A'XBTVV_:#_;%T;Q7X4U;RTTC4]5\`
M_LZ3Z9=^'/B-XIDL9=4&H^'=8\=W&JKX"\`:[=Z!=6MU!;_$K4/#NJ:9XN\#
MV=_:_H!^Q7^SG\"O^"%'_!+B]TWXE>*M&CT7X+^$?%OQU_:4^(VE2O:0_$#X
MI:EIUFWB%O"EKXHU33DO]5U,:7X6^%/PPT4'P_=^+I=+\'Z>NDV7B/7)K:3_
M`"T_VY_VQOBE^WY^U1\6_P!JSXO2VL7BOXG:Y"^G:'IUO';:/X,\%:'9VVA>
M"?!.C6\1XLO#7AC3]/TY[R=Y=1UC4([O7-:N;_6=0U"^N7\[V=M+ZWMJNJ6B
MO>SM:Z:6B3U3Y'%N*NWRW5M5&33=W>4K<MXJTM;M.7R4%55`7A5``'&"`OOD
MGCC=GZT'D<9]BO0G)SQG\<_K2CJ,<C&/IQ]/4<@\_2CJ.>O)QZ^_0D?AS^>*
M7]?E?^GKOZC%R<X[8/7V]3GZ=%H)^OKCCMGG^N?Z\$YSQV!XP..>I([$_B?P
MX#SCGKSUR#]?4<__`*J-%IIT_2U_/:W78#^Z'_@SB_;2T'3)/VD?V!_&/B.'
M3=6\1ZS:?M&_!+1;UM$L[?6]1AT:Q\'_`!HTK3+VYN;/7]7\0+I&A_#OQ'8>
M&[&#5;:/P[H/C+Q#%'I$=CJL^I?WD5_AW_`CX\_%[]F'XQ?#_P"/WP&\=ZW\
M-?BY\,M?@\0>"_&6@21B\TR]$%S97ME>6-U'<Z9K?AW7M+N[[P_XK\,ZU9:C
MX>\5^&M4U3P[XDT[4M#U.^LY_P#1`_X)S_\`!UK^QI\:_`OAKP3^W%>:K^RW
M\<="\-Z3IWB#QWJFFZAXO^#'Q0UW3=*T#3]5\3:/K'@CPV-2^'NK>*]<?Q!K
MY\$>(_"</A?PKH]M#86OQ&UZ]E@MB_NOV_-K3I\MU\C5NUF]-].EDEO=MWTL
MFK)WMI?^M"BO@_5?^"H'_!-S1M#U+Q'>?M]_L:S:1I.FW>L74ND_M+?![7KR
M:ST^VENI_P"R])T+Q?J6JZU>20Q,MEINCV5]J>I7`CM+&RN;J:&%_P"?O_@I
MA_P=<?LJ?"+X>^(O`7_!/C4[C]H[X^Z[I26FC_%*X\*:QH7P,^%TM\^J6E[J
MUY+XRL]#\0_$'QCH*V^G:AHGAW1_#%QX!OUU>UOM6\:W+Z-J7@_4BSM>VE[7
MZ:6OKW2:T\UW"ZO:]G9-KJD[V;2Z.SL^MG;8_.S_`(/'?VPM+\4_%#]FG]AK
MPIKZ7P^%FF:G\?OB_IFC^+$O=.LO&'C6VG\,?"_0/%?ABQ8Q:1XS\.>#K;Q/
MXIT[^W6_M=?!_P`5M,U&PL[/1_$"7FM_Q.8XQP`"23C'7N"/3IS^F>>N^(GQ
M`\<_%GQWXQ^)_P`2O%.L>-OB'\0?$6J>+?&GB_Q#>S:CK?B+Q%K5Y)?ZKJFI
M7<Q:2:>YN)I'*@JJ)B&$1HJ%>2(X&"!CV/'&.!G'4X'_`.JCM\KVO;UZO==[
M:OT#;JWJ]7:^K;2TLM-EULM6W=LSWZGITP?7DGV(Z_\`UJ:5#`A@<$%3V`!&
M#CIV[C\*7.01C@_CD=#]WTSC\L]*#VP>_N1SGKSW/>@#_4F_X-J/VZM,_;K_
M`.":^F_!'XFOIOB?XG_LEV6G?LY_$C1M:LK34+7Q;\(+C0[FU^"VO:SI)T&S
MT2;3-6^'^G:A\,M2LKVYU_5=>U#X9^(/$OB>Z>;Q0L;_`,$/_!9O]AV\_P""
M?G_!1/\`:!^!VG>&1X9^%6M>)+WXL?L_VML=>N-(?X*?$?4]2UGPCI.CZKXC
M1M4UJ'P%<+J?PTU349+W5"WB#P=K%O/J^IW%O)>S?07_``;N?MR67[#?_!3#
MX2:CXT\4/X9^"_[023_L]_%R]F?1(M'LX/&\MNGPX\2Z]J'B&\T_3M`T'PK\
M4[;PCJ?B?Q2=4L[O0/!K^)YO-O;.2]T?4?ZVO^#L[]@O2OCS^Q'H_P"V9X5L
M-.M_BK^QSJ]F_B2Z$-O#J7B[X#_$77-(\->)-":>ST"[U76K_P`#>-+[PQXV
M\.V^J:_I'AWPYX:N/BS?117>M:Y:6\I?2VMK[>;LF[>=E=^6NP65V[*[23=M
M79NR;WLKMKLV[+4_S7/?GUX'7(X)Z$CIW^F329SD`9YYZ\8/'0\9/\73VS1U
MSZ<@@]^.N1ST_P#U4N<=.O&.,X'3H,''^?:E\^O;TT^[\[H`['/3U/0Y_P`_
M3L*,$\?Y/MCG@_G2^N/P'8?_`%OUI,#GOR??OTZ`G'(Q[D<BF`'D@YSU],GK
MW]LFO],O_@T'TLZ=_P`$K?&5UY)B&L_M@_&#4T?!`F2'P#\'M%$J@KC:K:0]
MN-F\9AZD[E'^9IQS^N/\]:_U9O\`@V%\&>'_``K_`,$7/V6-8TC2SINJ?$/7
M?CYXV\7SFZO;DZSX@C^/WQ+\$V6J%+FZN(++_BD/!GA735M;"&UMF73?M<MO
M)JEWJ5W<G](/ZVO_`%_2/\Y__@K3J0U;_@J1_P`%$[D$D1?MI_M'Z8<ESDZ-
M\4_$NCMR^6`!L3M`)&T`*2FTU^?(P"2.G3)//'KVZ8_6O;OVF_'VL_%?]I;]
MHGXI^([\ZKXA^)GQV^+OC_7M3:UL+-M0UGQ?X^U_7=4OS::5;6>FVAO;V]N+
MHVVFVEI86YE\BTMH;>.*)?$>O!P,'CTP>`<>XXQWH]`$!R><\9[$=@/U^]CG
MMZ<F.O``QW[X]>#USGD]OJ*,]>>@![>_(/?/T[=.:.F>V>XX[#)Z''X__7H`
M,9YY'OUR.Y^4CJ`/3T],073#R)!S_!VQ_&I[\]O2K``'X`#/MS4%S@0R!L[0
M``1UW;AM]1MSMSR!][;S1_7]?UZ`?[D/P1_Y(Q\(O^R8>`?_`%%-)KX=_P""
M/G_*/3X)?]C/^T-_ZTS\8Z^XO@C_`,D8^$7_`&3#P#_ZBFDU\._\$?/^4>GP
M2_[&?]H;_P!:9^,=`^C]5^4C],:***!!1110!^>__!)?_E%]_P`$]_\`LS?]
MG7_U5?ABOYOOVP/^#2;7_P!J;]JS]HS]I6W_`&[=,\#P?'OXT?$+XM1^#Y?V
M=[G7Y/#"^._$NH>(_P"PY-='QETI=7;3?MYM/[172M-2[\H2?8K<L8A_2#_P
M27_Y1??\$]NG_)FW[.O3I_R2OPQT]J_'7]H+_@Z]_8=_9T^//QM_9\\6_`']
MJ[6?%?P*^+OQ(^#?B?6/#^@_!^30-5\1?#'QCK/@G6M1T.74/B]IVH3:+>:G
MHEU<Z9+?Z=87TMC+;R75G9W#/!&=?O\`T^?]:]`/R\/_``95>)?XO^"B^CXY
MZ_LP76>YZGXZ=AD_04O_`!!5>)NW_!1;1_\`Q%^Z/)ZG_DNGO7W/_P`1D?\`
MP3]X_P",;?VQN?\`J7_@K_\`/GY_#-'_`!&2?\$_>?\`C&W]L;CK_P`2#X*>
MN/\`HM%`'PI_Q!4>(_\`I(OIO?\`YMDU#';_`*KMGGZ=NM2?\05/B7K_`,/%
MM(S_`-FPW7KG_HN?KS7W0/\`@\C_`."?AZ?LV_MC_P#A/_!/_P"?51_Q&1_\
M$_/^C;?VQ_\`PG_@IGOV_P"%T>@_/CU(+KO_`$]@/AC_`(@J_$W_`$D6TC_Q
M&"Y_^?G2#_@RJ\2_])%M)ZGK^S!=?3K_`,+T.<]>V/3-?<X_X/)/^"?A./\`
MAFW]L;'K_P`(_P#!3_Y]'_ZJ/^(R3_@GW_T;=^V-^/A_X*?T^-!H`^&!_P`&
M57B7G_C8MI'K_P`FOW7)_P##Z<=/?_$/_!E5XE/7_@HMI'7C_C&"Z_`_\ES'
M^>]?<W_$9)_P3\_Z-M_;&_\`"?\`@I_\^BE_XC)/^"?O'_&-O[8W)P/^)!\%
M.O\`X>CWH`^&/^(*KQ-V_P""BVCC';_AE^Z_^?H`?\]\T'_@RK\3<#_AXOH_
MMG]E^ZSD<C_FNG/`SV_*ON?_`(C)/^"?G_1MO[8_7_H7_@IT_P##T]?;]:/^
M(R3_`()^?]&V_MC_`/A/_!3U_P"RT^GZ\>]`'PP?^#*OQ+U/_!1?1P!D_P#)
MK]UQQ_V70?C[5^I7_!(#_@W.UK_@EC^UE?\`[3M_^UMI_P`;8KWX2^+_`(8'
MP9;_``6N/`$B-XIUCPMJJ:T-<?XF^+4D6Q_X1MX6T\:2AN?MQD%U"(1'-XW_
M`,1DG_!/S_HVW]L;W_XI_P""G_SZ.?TI?^(R3_@GY_T;;^V-V_YE_P""GX_\
MUH[=/>@#]TO^"JG[!ES_`,%*/V+OB#^R19_$^'X0S>.O$/@#7!X[N?"3^-X]
M,7P1XPT?Q6UJ?#T?B#PNUX=332_L"S?VU;BU,WVH)<&$0O\`RB-_P94>)6Z_
M\%%]*`'9?V8KQ<YZYV?'5<]!C.<')Q7W2?\`@\D_X)^=OV;?VQ_Q\/\`P4'_
M`+VDT?\`$9)_P3]Y_P",;?VQN/\`J`?!3UQ_T6B@#X8_X@J_$W_21;1^_P#S
M:_=?A_S7/\Z:?^#*KQ+NW?\`#Q;2!QM/_&,-WM``)X'_``O,*.N-_4?=SVK[
MI_XC)/\`@GW_`-&W?MC_`/A/_!/_`.?32_\`$9'_`,$_,$_\,V_MC<8S_P`2
M#X*=^F/^+T?GG%%[?U\OU`^%S_P95^)<'/\`P47T<#W_`&8+KICO_P`7T'\\
M4?\`$%7XG_Z2+:/C_LV"ZST]?^%Y^OMT]Z^Y_P#B,D_X)^<?\8W?MC>__%/_
M``4X_P#,T?Y]J4_\'D?_``3['_-MW[8__A/?!3T!_P"BT^]'E_6@'PO_`,05
MGB8]/^"B^C^H/_#+]UC!Z?\`-<\$_0]_IG]4_P#@D;_P;;>`O^"97[1U]^U'
MXW^.)_:8^*.@>&K[P]\&7C\&7?PDT#X8W'BG3-;\/?$#Q-=Z;#XG\?3>+_$.
MM^%-3'A;0I9[_2-)\/:/JOBU[K1]?U75M`U3PIXE_P`1DG_!/P]?V;?VQ\>V
M@?!3/_JZ!_.C_B,D_P""?G_1MO[8W_A/_!3_`.?10!^I'_!9/_@E_P#&'_@J
M]\'?AI\!?#_[3FE_LV?#/PKXUU#Q]\0-)3X9-\4IOB9K]EI]MI_@%)KMO$W@
M"_\`#^F>#HK[Q==3:=#=ZG8>([_7=*N[^U@NO"^F2G^<X_\`!E-XD[?\%&-,
M_']F2_\`P_YKN?\`Z_MGC[I_XC)/^"?G_1MO[8W_`(3_`,%/_GT4[_B,C_X)
M^_\`1MG[9'_A/?!3\?\`FM'_`.OVI;;O7_AE_7J!\,?\05?B;_I(MI'_`(C!
M<_\`S\Z0?\&57B;.3_P47TC\/V7[KV_ZKI[=.*^Y_P#B,D_X)]X_Y-N_;&^G
M_"/_``5]/^RT>O'Z^U)_Q&2?\$_/^C;?VQO?_BG_`(*?_/H_PI@?#/\`Q!5^
M)O\`I(MH^1S_`,FOW7N!G_B^G^3FE'_!E7XFQS_P46T@''_1K]R1GT/_`!?3
M^1-?<O\`Q&2?\$_/^C;?VQO_``G_`(*?_/HI?^(R3_@GYG_DVW]L?'_8O_!3
M/Y?\+I_K0!\,?\05?B;_`*2+Z/\`^(OW7X_\UT]?R]Z9_P`04WB/_I(OIG_B
M,M__`//VK[J_XC(?^"???]F[]L?CH?[`^"Q['G_DM'I^/)[<T'_@\D_X)^=O
MV;?VQNF>=`^"8_\`>TGGVZT`?"O_`!!2^(?^DB6AG_NURX'_`+W,U)_Q!5^)
MO^DBVD?^(P7/_P`_.ON?_B,C_P""?G/_`!C;^V-P<'_BG_@IZXX_XO1S^.*:
M/^#R/_@GYV_9M_;&Y('.@_!0\X`[_&DG'OWZ]2:+W_KY_J!\*G_@RG\2[<?\
M/%]*/.?^38[X$D<?>_X7L6`QVSC(!J3_`(@J_$W_`$D6TC/_`&;!=8_+_A>G
MZ_\`ZJ^Y_P#B,C_X)^<?\8W?MC=_^8!\%,<<GD?&C^F#1_Q&2?\`!/S_`*-M
M_;'_`/"?^"GO_P!5I^GZ^G(!\+_\057B8CC_`(*+Z.<_]6OW6#QQS_PO3O1_
MQ!5>)N#_`,/%M'S_`-FOW7_S]*^Y_P#B,D_X)^?]&V_MC?\`@@^"G_SZ*7_B
M,D_X)]_]&V_MC^W_`!3_`,$__GT\?K0!\,?\05?B<$,O_!1C2E92K*R_LP7:
MLKH=RNC)\=`R,I`964A@P5@=U?V8?#[X(>+9?V5O#W[-O[2WB?1OVC[ZY^#!
M^"WQD\<WEOXD\&'XS:3>>%I_!/B36=?TN77/%^N:?K/C7P]-)+XKOH/&,UQ>
M:]?ZKJNGS:7#<6MG9_S:_P#$9)_P3\_Z-M_;&_\`!!\%/_GT4H_X/)/^"?G?
M]F[]L8?]R_\`!3_Y]%'_``_W`?$>H_\`!E=JKZA?R:3_`,%#;*RTB2^NWTJR
MO/V:9[^]M-,:XD:PM;R\C^-EG'>W=M9^5%<W45G:)<S1R316UN)A#'5_X@J_
M$O\`TD6TC_Q&"ZS^?_"\Z^YO^(R/_@GYQ_QC;^V/R>/^*?\`@IZX_P"BT=?;
M]:/^(R3_`()^=OV;?VQO_"?^"GX?\UH/)_R:`/A;_B"I\2G;G_@HMI7R8"X_
M9BO.@V_>Q\=?FZ#[V[WS\U._X@JO$_\`TD7T?_Q%^Z_^?I7W1_Q&1_\`!/W_
M`*-M_;&_\$'P3ZYQ_P!%IZ>_K^=-_P"(R3_@GY_T;;^V-_X(/@I_\^BC3ITT
M]/(#X9_X@J_$Q''_``46T?GI_P`8P76/S'QS]/3O7]<7_!./]CW5/^"?_P"Q
M7\#/V0!XQTOXGCX,Z1XJTP^/H]*NO!2^))_%'Q`\4^/)[H^&&N/%1T@02>*9
MK/8=?U/SVM5N6>(W(AA_`/\`XC)/^"?G?]F[]L?Z#P_\$R/K_P`EH!_S^2_\
M1DG_``3\Y_XQM_;']O\`BG_@I^O_`!>GC]:`_K^OZ_0^*=9_X,O?$^LZUJ^L
M-_P40TJ!M6U74-5:`_LR7<ODOJ%[/=/$TK_'16F\LW#@2,H+E=X4'`&<?^#*
MKQ-W_P""BVCG';_AE^YS^&?CICD_Y[U]S_\`$9'_`,$_?^C;/VQ__"?^"G_S
MZ*3_`(C)/^"?F.?V;?VQB>/^9?\`@IC([_\`):>.>1UQZT:=/Z_I6`^&1_P9
M5^)L`?\`#Q?2.W_-L%T.G_=<P11_Q!5>)L8_X>+:1_XC!=?_`#],_K^-?<W_
M`!&2?\$_/^C;?VQO_!!\%/\`Y]%+_P`1D?\`P3\P#_PS;^V,??\`L#X*<=LG
M'QG[Y]/I0!\,_P#$%7XF_P"DBVD'Z_LP773W_P"+YG/^?K4<G_!E3XFD1D/_
M``46T?!ZC_AF"ZP"#D'"_'52<$`X!7*X'M7W5_Q&1_\`!/SG_C&[]L;C//\`
M8'P3Y]`/^+T=\?I2?\1DG_!/S_HVW]L;_P`)_P""G_SZ*`/ZP?`WAL^#O!7@
M_P`(/=_V@WA7PQX?\.-?K`+9+U]#TFSTPW:VQEG,`N#:><(?-F,/F;#*Q0O7
MY]_\$??^4>OP2[_\5/\`M#<^O_&3/QCK]'M(U)-7TO2]4BC:*/4]/LM02)SN
M>);VWBN1$Y4;2T:R;78'&X'`/2OSB_X(^X_X=Z?!+'_0S_M"_G_PTQ\8L_K1
MY?\`#CO=-ONORD?IA1110(****`/SW_X)+_\HOO^">__`&9O^SK_`.JK\,5_
ME&_\%2,_\/-O^"BV<C_C.W]KK..>?^&@/B%C'3\/S]J_U<?^"2W_`"B]_P""
M>W_9FW[.G_JJ_#%?Y1W_``5)X_X*:_\`!1<\C_C.W]KO'_B0'Q!S_3^5`'PH
M>@[9&/KCI[\YQ3<G`'3'?GW(SC].*/KGC'X`_P">*<.,^V3ZD8(YX4GM]#_-
M;:*SU_5?DK6^0"#`Y],^G7DCD=>GMBDQR!Z@8[?3IF@^N<^O7\.??M_G"D#V
M!]!ZD]/8CTH[7]++\]>E^MNJOHK@(./7@C(YYP?Z>]&#QZ=?\3@<XXH_7IQ^
M7I_]8^O-+T'N.0!GKW)SQQ@CC\>E&W_#?+I_P?NV`Z]@!R>,9`_3CT_KBCMU
M&>0>OT'/(Z<#IQ^8..WZX^O7./;!]Q2'OW]#TZ>G;IV^E';I^?H[W^>S`.,^
MH_+^5'7''3^IZ$Y^M';'Y>WKW]AU'Y=SKG_..>WIS1_7_!_'R^X!<^YZ?S&?
MU/Z4=NG&3W[GIV[`4GY?X]N/7_\`6:.W/Y<Y!R,]L=!1HOOZ>;2;:TOZO;<`
M]^>O?H?3)XY]?Z4HZ'_ZX/L>./S[]Z3'Y=>/3..,\_G^-&3^)//OZ<=^<]J'
MK]Z_!I_D`'T_KG'X],'/^>X>O7&>?TR/3GGCWH_GU_3.<YZ_YZTH`[Y'3';.
M?KQCWH[==/SMKOMWW]>X)VS^'/?.[G^E+P>2?7`_#]`#]VCZ`\^_<<Y/3IGZ
M=\TW_/K_`(4>>W;TTNOO7^0#NIQT.3UXZ\\CU/\`@*3/&#_^KIT';Z]#]:4<
MYSCD`8[],`C/Y]?RXI/RY^O'^?Q]J%YI:6VZ/3OZ_P!;`*.>N.OKCK[>@[XQ
MUI..W'3'U^O&/?Z^U`R#^O7CVSR._KTHX)]/_P!7N>_UH]?E\K/;O?\`X%GN
M!Z#KSZ_R[<TN/;L<]>#D\_ACO2<\<?3CK^G/ZT?3'I_]?GU_#'M3`7C/K[_C
MV`Y/![M[4G/K[GG_`#S^9H_7/'OUZ\\>N>?6C)]3GZ_7^A_G2_'U?I_735;=
M0%_7KVQQT!]_Q[TG3V]?7O\`C]?U[4<G\<?IP.O_`.JC\_Q^G'?N!_AFA>?]
M?@D`8]>_^./0^_\`G@@'TX]Q_7K1[]>G;/;)ZYY__7Q1^O`Z<=OH>G0T?UU\
MOZ_1Z@+^?'MSQ[]L`=,GV]D[]O3M[#(SP<^_N>.M+]?Y\\9&.AQDG/I2#C\?
MKR.<CCU./_U4=_7R\OZUU_`!<#Z9Z#\L?G[X]>E(01U_S_7\Z3U_S_\`7QCO
MS[T[@>N?T((/3(_#^5&UM?POZ:^7GTW[@)WZ'CJ/IU[<?TH_7/XGK^>?YT>F
M.N?3'/'`QZ?UH[].O;Z_3%'KZ_=;^M@''KG.<=<#&/3'!'7_`#UI!UP">?P]
M>OKQ_.C'K@?7TXY&.I_SZX/7!XZ@'OV[\=/\^BNDM^UFUITMM9;]K?A<!.X'
M3D]?UR.G`'-'7\.2>,]L^F>>G?FE[<GKCG@^N>Y/X^V#2'CC_/U'U_(_EAI_
MA^-K7?3T\G]P!SU'`SP,_GCI[?I1U_+CIZ__`%S[_A1]3SG'/7GCOQ^9'\J/
MISGCW['IUZT+M_GY=>OZ_)@![XSC.3Z9_(8I<=<=<\8YXZ\$=2./_P!?0/KW
MZGGZ<\8QG-`XY!YQS],]LC'I^/3W731ZZ=6]=+7:].RO?I?4`YX.,>G'?.?Z
M\?EZTF<=/\]/3GJ./_KT?4^^.>XSQUY[<_F:4=.W([X')(]\D#'7USQUI]%U
MV\ETVZ==/P`.AXZC\<\CCH.YI.WXXZ?R/K[4N.YQST[8YZX]/Z4G/OS]><_S
MI):=]M[=+>O6_P`_O`_W0/!/_(F>$?\`L6-`_P#35:5^>O\`P1\_Y1Z?!+_L
M9_VAO_6F?C'7Z%>"?^1,\(_]BQH'_IJM*_/;_@C[_P`H]?@E_P!C-^T+_P"M
M,?&*J'T?JORD?IA1110(****`/SW_P""2_\`RB^_X)[_`/9F_P"SK_ZJOPQ7
M^49_P5)_Y2;?\%%_^S[?VNC_`.;`?$'_`!_QZ5_JW?\`!)'_`)1<?\$\?^S,
MOV<?_54>%Z_RDO\`@J3_`,I-?^"B_H/V[?VN_J2?V@/B#GUZ8_SFC^OZ_K0#
MX2Y]^_7V']!1],_X@?X8^GTQ2]O;(Z>XR0,YY'_ZZEM[>XNIX+6T@FN;FZEC
MM[:W@C>:XN)YY%BA@@AB#/+-+(52*)`SR.0JABP%*_\`6UMM[]==%^70(>,_
MCT[8^M!Z]NWJ>WOSC_//%?ZE_P#P20_X-[OV1/V,O@%X'\3_`+2'P3\"_'W]
MKWQQX,34?C!KOQB\/^&_B%X8^&VH^,=)TJ?6?@[\./!E[>^+?AS:Z7X%6.Z\
M*W_Q*LH=5\8_$&]N_&.IIXFTGP!XHT?X=>%_Z.*+?@K?E_D!_A+_`(_Y].U*
M.G_ULY[G.>.,#M]:_P!V>BF!_A,GZY]>O!&!GGOV_3TI._3OVR._0>G7\.*_
MW9Z_F3_X+1_\&\GP2_;D^%-OX^_9`\`?"C]GS]JWX<:<4T"T\*^%/#WP[^'W
MQN\-V-A;VEOX!\?1^&=-L+'3/$NG6=A9VOP\\>W%G.NEPV\?@[Q&%\+7>G:S
MX*$E\^FBV_#RT2];65S6ZVM9ZWUO=65K6LU>[;5FEHTVX_Y@G8=>OX?_`*^G
M^<5N^)/#'B3P;K5]X;\7^'==\*^(M.^S?VCH/B32;_1-:T_[9:P7UJ;W2]3M
M[:^MOM-C=6U[;&>WC\^TN(+B+=#-'(W]!/\`P;(_'#2_@!_P5N^&/@?XB:6E
MO:?&+0_'WP7@M-?\(ZIKM]X-^*ESH]]<>#]=TRRAN[6[\$>-!<Z;KWPMD\:3
M:+K4VA>$/B5X]\,:I:Z)X=\6>)/$NA?Z0?[47[!7[&_[:OA_5/#_`.U'^SE\
M+OC`NJZ1H^@R>)=?\.Q6'Q%TO1]`U35-:T:Q\+_%3P]+HWQ,\'PZ;J.M^();
M4>%/%FCR1Q>(O$EIN^Q>(M:AOW9<JNFVWO=<JM>\;6;;UBT[QLMXOFBR$VYM
M7BE'1QLW-\RBXRNW%*/\2-DIJ32M.+A.!_BJ]#V/^?8T[^0/7V/'3U_7\AC]
M4?\`@L9_P39U3_@EO^VIXL_9[L]<USQC\)_$.@Z3\4?@+XY\2Q:-%XC\2?"W
MQ/<ZE86]EXGC\/SMIG_"5>"O%&B>)_`>N7R:?X9/BF3PY;^/+/P;X2T3Q=H^
MAV7Y6Y/_`-?OW[]><U.O^?\`7Y:];ZEBCWX/!]O8Y!!`Y_STI/EXX/7D=>./
MI^'ZTI)_#I@?=S^?XY]?SK^TK_@V]_X()^%OCYHGAC_@H1^VOX.TGQ3\';J]
MU<?L[_`'Q9IND:[H'Q7.E7=QH=[\5OB?H=Z]_;7/P^T_6[;5]+\&^`M?T^WF
M\;ZKI4GB[6[-OAV/#:?$,6NK_!]TNV_D]?)]@_C2L/"_B75=%U[Q)IGA[7-2
M\.^%O[+/B?7]/TG4+S1O#9UR[DL-%_M[5+>WDL-'_MB_C>STO^TKBV_M"Z1[
M>T\V8,@P<8Z_X]N/;!S_`)[_`.U[\<?B-\'OV#?V3?C'\7+'PS\./AU\+O@'
M\./B%\2;7P=IO]D_"WP/=ZO#'K/BF+PY9-H'AW4+;1M6^(_CO4?[-A?1?"NO
MZYK?B_Q2DFG^'_$?B+5H].U'_)=_X)W?L0?$[_@JO^W1X5^`OA*:+PM!X^U_
MQ%\3/C%XW@M->U31_A;\*M.U-=7\>>*CYB^(=0ENS)J=CX.\!0>(]0%EKWQ$
M\4>"_#OB3Q5I%MK5WXBM'=65D]M=4[N[M;:RM96;=W=WL[))25VVFF_=LK-+
MEC=2?,^9\UW=**2:CRWBY2_.7//XY`'OC@$>U)SU.>N3QV/?GC_/'M_LR?L=
M_P#!+_\`88_81\*^&/#G[.G[/O@W0M4\*:QJGB;3OB-XIMY/'WQ73Q9XD\(Z
M=X&\6>)[3XC>,'UGQ+X=N_%?AK3ETW7-'\'WGAOPD+2[U.STKPUI>G:G>V4O
MZ!TO1WM;=;:*ZW;^]M[-]@5^MEJ]G?2^G1:M6;71Z7=KO_"7Z_Y]^_I1^7XX
M^O?Z?YSS_NT44QG^$SR/IWQ@_GUQ1CWYZ^GU'HI&.O\`]:O]Q3XK?!3X.?'?
MPW#X-^-_PE^&?QD\'V^H_P!L0>%/BKX$\+_$3PW#JW]EZKH8U2#0O%^DZOI<
M6I#1-=UO23>I:K<G2]8U73A+]DU"\BD_S_/^#C;_`((+?!K]B;X<Z)^VK^Q3
MX:USPE\%$\3>'?`?QH^#4=UXO\:Z5\-[_P`2_P!HP>'_`(K:3XM\3:KXAU?1
M_!>O>(TT?P1K6B^(=5FM-,\:>*O"-KX9G6QU\:+HJU_X9+RWN_Z6F]@_K\OZ
M^3/X[N_!_D.F,9.<$_X4VON__@EO_P`I-O\`@G1CK_PW;^R*3WZ_'_X>\Y!Y
M!_#J:_V>::_X?S`_PF..,9S_`/7XQWI?H>@XQGG/)^F._P!*_P!V:BE;^O\`
MA_N]&!_A,>WT^N<?_7/O2]LXX.?IGW'8@>_I[U_NS446_K77_/YW`_PF/7/7
M^N?_`-=)7^IE_P`%</\`@WN_9$_;2^`_CGQ1^SC\%O`WP"_:^\%>$&U#X1^(
MOA%X?\.^`/"_Q)U'PEI6J3Z-\(/B5X.L;OPK\.[K2_'2RVOA:R^)=W#I?C+X
M?7MIX/U-O$FK^`?"^K_#KQ/_`):MQ;W-G//:W<$UM=6TTEO<6UQ$\-Q;SP,R
M30S12*LL,L,BM')$ZJ\<BE7"E6%%_P`=M5MI>WIO_2`@.>/\^W]/TK<L/#'B
M75M%U_Q)I?A_7=1\.^%?[+/BC7K'2=0O-%\.?VY=O8:*=>U2WMWL-'_MB_CD
MLM+.HW%M_:%VCVUIYTR,E?T>_P#!NS_P1:\'_P#!3/XB^/\`XU?M(0>(E_92
M^`VN:%X>U'PQI?\`;^@#XZ_$76=.O=7G^']GX\T:YTVYT+1O!.C#0-=^(_\`
MPCVJ6OB^.R\9^"K#2;O2/^$A.O:9_7/_`,'!GP<^$?P/_P""%'[:_@_X,?"O
MX<?"'PC+>?LVW[^%OA=X(\,^`?#DE_;_`+3O[./AZ"_?0O"FF:1IC7<'A_0-
M"T*&Z:U,\6CZ)I&FJRV6GV5O;M6OJG:SV:6MM-T[J]FTEJDTG%ZI-2MHTG>+
MUBY+EYDY*RE&S<;J,KM1DU)QDDXO_+`Y]`,<]QC)`SUS^5-'KZ?3^1Z^];OA
MFQTO4_$>@:9KEUK=EHVH:UI5CJ][X:T*#Q1XDL]+N[ZWM]0N?#_AF[UOPS:>
M(M:M[22:72M"NO$F@6^KWRV^GS:UI4=P]]!_I_\`_!(C_@W>_93_`&*/A)X;
M\>_M(?#CPY^T/^U9\1OAQX;/Q3M/C-X5^'/Q`^'7P:U_5+;4=1\3>`O@_P"&
MYM*\2:5;MIMMK=OX$\6_$&[\1>*+[QX?"]WK/AJ7P1X5\6ZCX*$IZM:W2B]G
M:SNMV[-Z.ZO=:-K57+W=M;V3V=M;I6=K-Z:I.ZTNE=7_`,N48&/7/?\`NX[C
MGKGWHX]QV)SQ[]`>N/?\J_W9J*JW]?U_6_=C/\)CN??C)^H.3^7-'8_4?R:O
M]V>BDU^:?W6_R`_PF>N!Q_\`6'<G\^/;ITIN/\]OSZ5_7-_P=Y?MA>`?CI^U
MS\!/V;_ASXN\'^-K+]E'P+\0_P#A/KSPOYE_=>%OC#\5O$^BV/C'X=^(/$$.
MM7.E7FJ^%/#WPH\#7%]H%AHEE=^$M8UO6M+UW6M5UA[O0/!WQ-_P0:_X(FW_
M`/P52^)_BOQQ\9I_B'X$_8W^%4&K:1XL\?>`F\-66O>._BZ+/0+O0O@_X8U?
MQ&FKIHMQ::/XEMO'OC3Q'!X-\60Z;X=T_3?"<L/A_5_B+X=\5Z*?+T7]:?+R
MTOT#^?3]>.^.@'L>",?C[=TSD\X]/8?X`5_MU_`7]E[]G/\`9;\+0^#?V<_@
MA\+O@OX<CTC0M#N+/X=^"]"\,7>L:?X:;5)-%'B;5M.LHM8\5WME=:YK^HMJ
MWB6_U;5;O5?$'B#5[J\GU/6M4N[SWRG;\-`/\)CMWZ?AU_E_6EXSTP/;J<@8
M]L]#_GG_`'9J*5OU[_Y_UTL!_A,$=>@_X$./;U-*0.V<>_TSC/KVQBO]O/\`
M:/\`VA/A;^RA\"?BG^T9\:_$=IX6^&'P@\(:IXR\4ZG<7>FV]U<PV*+%I?AS
M0(]5U#3+/5O&'C#6KC3/"7@?PT+^*]\4^,-=T'PUI8EU35+.&;_$E\1ZW/XE
M\0:]XBNK>TL[K7]9U36[JTT\7"V5M/JM]/?36]D+VZO;L6<,LYCMUNKNZN1$
MJ":YFES*YMU_/R[W_/KU;N!C=#USD=?K^(_'/Y4>IYSCOZ@^IQR!C_/%';^+
MKD'`_$^OZ^_M0N._USTQ]/7M^.>.M'3K=6VWZ7MMIIJM+]@/]T#P5_R)OA+_
M`+%G0?\`TU6E?GI_P1\_Y1Z?!+_L9_VAO_6F?C'7Z%>"?^1,\(_]BQH'_IJM
M*_/;_@C[_P`H]/@EQC_BI_VA?_6F/C%S^/6F/H_5?E(_3"BBB@04444`?GE_
MP21_Y1<?\$\?^S,OV<?_`%5'A>O\I+_@J2?^-FO_``47_P"S[?VNN<]A^T!\
M0>/PXK_5R_X)+_\`*+[_`()[_P#9F_[.O_JJ_#%?Y1W_``5)/_&S3_@HMZ_\
M-V_M=_B/^&@/B#Q]>!Z<?A1Z`?"1_P#KCKD=#G[QQG/Z#UK]%O\`@D,T,?\`
MP5+_`.">C3VMG>QG]L/]G]!#?6MO>0I,_P`2O#\=O>1PW,4J)>:?.T=_IUVB
M+<6.H6UM>6DL%U!#.GYT?T/`ZCW_``_G7Z(_\$C,?\/2O^">?_9Y'[.^,]C_
M`,+0\-8Z8SZ?7FEY7[7;3UM:_P!_^?6XUNO5?F?[*U?S??\`!7?_`(.)/AI_
MP2X^,/ASX#:!^SQK'[2'Q'FTQ-6\=P2?%S0?A!H?@F&^TO2-:T;3XC+X0^)7
MC37=0U#2=<TK4QJS^`]$^'ES#?3Z-X8\?^)_&?A+XD^$_`G](-?Y:7_!U4!_
MP^`^*`';X/?`ON2<GP3;]223TZ9['Z4.^EG97UTNVG=63NK.[3OKHFK:W2LW
MLTK:O2]UM9:JSNT[ZZ)JVMU^O/\`Q&M_]8T?_-RO_P`E2E_XC6NG_&M+K_U>
M5TYQ_P!&J5_"6.3R>.IZ_CZ\T8_+GG\,CCW'2B_]?UU\MP/]3G_@D3_P<0_!
M;_@J=\8=>_9[U/X+ZE^S7\8[3P)=^//"6@ZU\4=$^(&@_$&+1-:N[;Q9X?\`
M"FMOX6^'NJ7_`(ET'PY<>'O%\>C0^&9K^_T1?'=^+>TTCX?7.L:Q_1=7^5!_
MP:^<?\%G?V:^,C_A$?V@^<9/_)!OB%SQUZ=O7WK_`%7Z?_`7X;_/=VTOM;82
MTZMZO>W5WMHEHMEULM6W=O\`QL/^"IW@SPY\"_\`@J)^VOX6^&.DZ7X8\.>"
MOVKOBAJG@_P_8Z)H-MX=\,03>-;SQ+I_A_1O#-MI5OX<M?"OA^XO/[)T'PZ-
M);2[/0;*RTJXANH(W:;_`%G/V&/VE=,_;%_8]_9O_:;TR2!G^,GPE\(^+=?A
MM/#FN>$['3O&LFFI8^/]&T[0/$=YJNJ6>EZ'XXT_Q!HVF22:WXAL+W3["WU/
M1O%/BG1[S3_$&I_Y1O\`P6M_Y2R?M_\`_9R_Q%SG'_01'3/MCW]*_L&_X,]_
MVP1\1/V7OCM^QAXAN(TUS]G/QO8?$WX?_;_&=Q>7NL?#7XTW&LOX@TCPWX*U
M.[N;C1]%\`?$/PWJ.L>)=1\-"U\,2ZK\8M#?4-(L/$NIW^L^*U_7Y?UW[#/:
M/^#MC]C_`%CX[_L'_#O]HKPG8WFH^(/V1/B+JNM^(U.H>!-*TC3OA#\4=)L]
M&\;ZQ>W'BBXTKQ)=:A:>,?"_PLL]$TCP9J]]=ZI+J=U#?^"O$,J:;KG@[_-/
M[C`QTQSGFO\`</\`CE\(?"G[0/P5^,/P$\=RZO!X(^-OPN\?_"/QE-H%W%IV
MO1^%OB3X4U?P9XBET6^N;34;>RU9=)UJ\?3+RXL;V"WNUAEDL[J*-X7_`,4C
MX\?!OQI^SQ\:_BO\"OB'I&I:%XW^$7Q`\5_#WQ-I>K06%O?0:GX5UJ[TB:61
M-*U77M'EAO1:I?6EWHVOZ]H=_97%O>Z+K>L:9/::A=&B[WOO>Z:?*EI;>]]6
MVWTM9W-=]+:*W6^MVW?5-6222M9W;NC"^&/PU\;?&+XA^#OA;\./#FN^+?''
MCK7]/\.>&O#OAO0/$'BC6M1U+4)EC5++P_X5TK7/$>J&WB\R[N;;1M'U/4/L
MMO/)!9W#H$;_`&J/V5?V?_"7[*7[-WP-_9M\#VVAV_ASX*_#'PC\/[>Z\.^'
M4\*:9KNIZ%H]M;^(?%QT`ZGK<]EJGC;Q$-5\7:])J&O^(=8O=;US4=0UKQ!K
MNK7=[K-Y_G'?\&I7['R?M"_\%)8?CMK]HEUX&_8W\$:I\3)K;4/!T_B70-8^
M)7CJQU?X>?#'2;[5KNRD\/>%]7T=]3\4?%+PG?W%Z/$Y\0?#"SNO"^DW*:;K
MGB#PM_IZT^GG_7_!ZO\`S-;[Z=K:WUN[WUOII96L]7>R_DI_X.V_VTV^#?[$
MO@O]DWP)X_LM(^(_[3'C_1+GXD^%],U;PL_B-_V=_"=OX@U>_&I:5)K:>/-#
MT?QI\3=(\':;IWB#2-`E\/>(M,\)?$#P=K6N6D5Q-H>O_GI_P99^"?#5_P".
M?^"A?Q&N]/EE\9>%?"G[-/@C0M474=5C@L_#7Q`UCXWZ[XMTZ71XKZ+0[^34
M]4^&G@NYAU+4=.NM4TI-*GMM'O=/M-8UR#4?Q@_X.1OVLM1_:C_X*L?'C3+?
M5M<N?`W[-D]I^S9X)T?5;GPM-::->?#AYXOB6^EQ>$C<VZV^K?%B]\:WJ3^(
M=5UGQHUD-/T[Q%)X<&F6'@'P;^YO_!E+G_C9;D_]&:^O_5U?\Q1=Z+5)7T;T
MN[-M*UDVM&TW=K5O1)6U;T=[)-*SLE\+=W>TG*VR2=DMV_[LZ_B+\3_\'H?P
MKLM6^(MMX2_8+\<^(M(TG7OLOPIU76OC_HGABY\=>'%U>YMVUOQWI=O\)O$G
M_"M-4;0H[34X/#^B7OQ2MWU*XFT:;7;:"W76KK^W2O\`"8]?Z#CTZ]AS^/UH
MVZ7Z6UZZ7TL[K==&_B35T#3:LFXZQ=U:]DTW'WE)6DERRTYDF^6496DO[M/^
M(UKU_P"":0'_`'>5G^7[*AI/^(UL_P#2-'_S<G_\E3W'YU_"9VQZX/Y9']:4
M'GJ?4XP#ZGZX]/Y4M?+YO?;R]?Z8S_8F_P""2_\`P4S\'_\`!5O]E2X_:2\*
M?#+7OA!JGAWXF^*?A%X\\`:SX@M/&-MHWC'PWHWA3Q8&\-^,+32O#;^)M!O?
M"?CKPI?+J5]X6\+WEMK%QJ^D-I<L&E6^L:GT'_!7_P`">%OB+_P2R_X*$^'O
M&.FR:KI.G?L@_'GQW:VD6HZII;1>*?A;\.]=^)O@;4S=:+>Z==R1Z-XV\(>'
MM9ETZ:=]*UB*Q;2->L-2T6^OM-N_Q9_X,YL_\.ROCIG.?^&[?B;UZ_\`)O\`
M^S#7[L_\%2?^49/_``47_P"S$OVNO_6?_B%3_I`?Y./_``2V_P"4FW_!.CW_
M`&[?V1?K_P`G`_#[]:_V>Z_QAO\`@EM_RDV_X)TXSC_ANW]D;N,<_'_X?8[]
M>OO_`"K_`&>:`/Y^/^"SO_!>7P5_P2+\:_`_X9VGP+MOVC_B-\6/"_BOQWX@
M\)Q_&%_A/>_#KP7I>K:=X?\`!WB._E;X6?$M-;M?'^NP>.=,TF.%-+>QE^'V
MLR7+3BXM!7XI?\1K?_6-'_S<K_\`)4KX2_X/&?\`E)K\"\]?^&$OAD?S_:`_
M:=_/\AZU_)Q1_7SZ_CTZ;7>XE?K9ZO96TOIU>J5DWU>ME>R_NU_XC6O^L:0[
M?\WE>HS_`-&J?G7ZV_\`!)W_`(..?@M_P4\_:#O_`-F:[_9]\=?L_P#Q.O?!
M4_C'P!-<^+;3XI^$/%X\-:+IVH^/O#^HZ[I7A3PC?^#]7T:>ZU.X\*W>IZ%=
M>'O%OAS0+N\U+6O"'BW4M"\":M_EO#^H]_T[_P"?6OZ.?^#57'_#X+X79Z_\
M*@^.F/\`PAKGG\LC'N*/\T[ZZ6^?7^M+IOK>[M9IK2SO9IO2^EM+-+5W3=FO
M]2ZO\;7_`(*_B$?\%3O^"A/D6=E9)_PU[\=]T-A:0V<#SGX@ZX;F[>*!(XY+
MW4+CS=0U&[<&?4-1N+J^NGDN;J5Y/]DJO\;3_@K^?^-IW_!0GU_X:_\`CT>/
M^RB:Z.#^'IUSVQ0!_H@_\&P/@CPWX4_X(Q_LS:[H=A+9ZG\3/%G[07C?QK<2
M:GJEZNK>)M/^/OQ'^'-K?P6NHWUU:Z-%'X/^'_A+2SIN@V^F:7)/I<^KS6,F
MMZMK&HWW8_\`!R__`,H2OVU>G7]G#KT_Y.V^`W7VI/\`@V?_`.4)/[%7_=Q_
M_K6WQYI?^#E_'_#DG]M7.<?\8X].O_)VOP&H"]_Z^7Z'^<?_`,$?C"O_``5/
M_P"">QFL[&]3_AKSX$J(-0L[>_@CE;X@:(L%Y%;W$<L:7VGS&*_TN]1%N-.U
M.VM-0LI(KNUMY8_]DFO\;+_@D!G_`(>G?\$]L?\`1W_P%_\`5B:#UZ\9Q7^R
M;26@^B]7^A_-7_P5R_X./OA/_P`$O_CWIG[,_AW]G'Q;^T;\5K+PQHOB_P"(
M8N?'T7P8\%>#--\56\][X7TG2_$MW\/_`(C:EXT\1W6G0P:OK$.G>&;#POI6
MG:KI-O#XNU;Q)'XD\.>&_P`H/^(UO_K&EQG_`*/*&?R_X95_^M[U^0O_``=5
M?\I@OB>.?^2/?`SIR?\`D1X/_P!>,]#[U_.+Q_GM]>!^E,&K?<G]ZN?W:?\`
M$:R>?^-:/3_J\K\>/^,5/3FOB_\`;#_X.[_VN/CO\/\`QA\./V<?@)X%_92L
M/&W@]_"]]X__`.%A^*/BK\8O"MUJ3ZW!X@\0?#GQI8:+\)M!\):O=Z5=:+8>
M']0E\$ZWK7A&[LM;UW2M8?6M4\/W?@W^1JE.<D'KGTYS_G\*/Z^ZW]>6@C>\
M4^*/$_CGQ-XC\;>-?$6O>,/&?C'7=7\4^+?%GBC5M0\0>)O%'B;Q!J%SJNN^
M(O$6O:K<7>J:WKNMZK>7>J:MJ^IW=WJ&IZC=75[>W,]Q/)(_^K=_P;:_"'PS
M\(_^"/?[+,^@K<-JOQ63XA_%_P`9W\\VJ?\`$S\2^*?B#XDTVU:WT_4=7U:S
MTJWTGP?X?\)>&TAT-=*TG56T-_%$VDVNM:]K,T_^3H1[\<$<8X)]^?\`T*O]
M%S_@U$_X*3?#7XA_LNV?_!/WXF?%:>/]H;X2^*_'&J?!;P7XON;&.3Q9\"KR
MVL/%AT?X>:NFF:?-KU_X$\07?CJ]U/P=J>H>(/%.B>#A;ZIH=Y)X!T.30_`:
M3NN^ORMOOH]FK*SZW:MJ:W\K.[OK>ZLK6LU:[=Y*S2WOI^]G_!4__@HCX-_X
M)??L@^*?VI/%/@V7XF:I:>+/!G@7P#\,(=?U#P>WQ"\9>+M6Q)HW_":6G@_Q
MS:>$TT;P=IOB_P`:S:KK&@R6-Y!X5?0+:;^W-8TF"X_EJ_XC6_\`K&D.F?\`
MD\H?_0J=?;K7]N/Q,^&'@+XQ^!]<^''Q-\+Z;XO\&>(?[/?4=&U$3QF/4-#U
M>P\0^&]>T?4;*>VU7P[XJ\)>)M)T?Q7X-\7>'[_3?%/@WQ;HNB>*_"^KZ1XB
MTC2]3L_R\_X<!_\`!'?_`*,2^%7_`(.?B-_\VU";;>UK*VNM^J:V[---WOLK
M79U\K+6]VW=WTLK)*UG=W=]%N_YT3_P>M?\`6-+\_P!LG&/3_FU3N*V1_P`'
MJ'AO^S]__#NK7/[4_L3[1]D_X:GT\V'_``DO_"3?9?[)_M'_`(9\^TG0_P#A
M#_\`B??\)'_97]H_\)/_`,4J?#/]E_\`%95_0M_PX$_X(\#I^PG\*A_W&?B/
M_P#-M31_P0&_X(\*PQ^PG\*LJRD`ZM\1)%)4AMK*_C5E(8`!E<%67'?-4G:]
MTGI97OIYZ-:^MUY=DU>UI2C9INRCJEO%\R>CUO:TM%9J^G^<E_P4@_X+8_MP
M?\%/=/L?!WQU\2>%?"7P@T;Q;-XOT#X-?"C2-1\,^"+741HFC:)ISZ]+J>M:
M[X@\:7&C_P!F:EKFF7?BO6=5DTO7?&'BN314TK1[G1M#T/\`(PDYR./IWY//
MO^/I7^@!_P`%1/\`@TM^&?B3PQ>?$_\`X);F7X?>/=)CO+S6/V;/B9\2=:U?
MP!XMTC2/"EQ+:Z?\)O'GC.W\2>*_#_Q&\0^(M-@MDL?BMX^NOA[JE[XG:>X\
M8?"S0O#Q34?X!KFUN;&YN+*]MY[.[M)Y;6ZM+J*2WN;6ZMY&BGM[B"41RPW$
M$J/%/%*B212*5<`@J9W>W2VW2RZ?=>^K=WW8)6[[MZMO=WZWTUT6R6BLDD5S
MZCCKT]NX]O\`Z_I29/\`/]>#2XZ\YP.WY=3Z<=`?PH],=3VQQUQWXZ^V/?-"
M:_+\;6W]4,_W0?!7_(F^$O\`L6=!_P#35:5^>O\`P1]_Y1Z_!+_L9OVA?_6F
M/C%7Z$^"?^1,\(_]BQH'_IJM*_/7_@CY_P`H]?@E_P!C/^T-_P"M,_&.F/H_
M5?E(_3&BBB@04444`?GO_P`$E_\`E%]_P3V_[,V_9U]/^B5^&/3C\N*_RC?^
M"I/_`"DV_P""BW<?\-V_M=<9[_\`#0'Q!R,=N<]J_P!7+_@DO_RB^_X)[_\`
M9F_[.O\`ZJOPQ7^4;_P5)Q_P\U_X**_]GV_M=9X[C]H#X@YQDD<^GT]>0#X2
MYS^!_+'OZC_ZP[5^B7_!(LG_`(>E?\$\_0_MD?L\?^K0\-GM@=_PS7YV^V?7
MKT'?COSCT![5]N_\$UOBE\./@A_P4$_8O^+_`,7=<F\,_#+X:_M+?!_QGXU\
M30V<M^OA[0M`\;Z1J%UKU[:6Y^V2Z3H_DQZCK0T^&]U--(MKZ33-,U74%M],
MNSK]_P"G_`&MUZH_VBJ_RRO^#J2ZM;C_`(+#?%J&WN8)Y;'X3_`JUOHX9HY)
M;.Z?X?:=?):W2QL6MYVLKRSNTAF593;75K,%,4\3O_J:U\3?M:?\$Y_V(_VZ
MDT!OVK_V</AW\8-4\*/`OAWQ3JUKJ6@>.]*TZU&L^5X>MOB#X/U+PYXX/A%[
MC7M3U*?P?+X@D\*W6LRV^MW6CRZS86%[:)^E_P#@?A][0+KYZ>FJ^_T/\7+M
M^A/<<YR1^G]>U)Z\8X]__K]0<<\?U_UO/^(=;_@C%_T8[X0Z8_Y*=\>?_GJ=
M??K2?\0ZW_!&+_HQWPC_`.'/^//_`,]6BW]7:[??M^G5AIY_=_P?7^GI_#?_
M`,&M/@SQCK__``5\^"OBO0O"7B?6_"_@3P3\:[SQSXETC0-5U/P_X*LO$'P<
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MI*5S?:M?1V5]-%=7?Q:W:=HW36FEW_C[_P#!:L#_`(>Q_M_@YQ_PTS\1?FQS
MG^T1D'MSUX''88->[_\`!OQ^W7-^PM_P4?\`A+K&MZ]:Z/\`";X]7FE?L^_%
MMM?\86'@WP1IGA[Q]XHT&WTGQYXNU/4O"WBJUM[7X=:]!9>)K>[C?PA)'%#?
M:=JWC_PMX,U7Q=+>?"'_``4._:&\'_M8_MQ_M5?M(?#[2-9T3P+\8OC9XX\:
M^#[#Q$T`UX>&M1U:5-%OM:M[4O;:;JNK:?#!JU_HMM<ZA!H=U>R:/%JVLQV*
MZI=_(-C?WNE7MGJ>EWMWI^I:;=V]_IVHV-S-9WUA?6DJ7%I>V5U;O'/:W=K<
M1QSV]Q;R)/#-&DL;HZ*:>S=F]FM-FFK-J^VCZV>]E<+*2CS1=KQDXNUTXM22
M?*VKII;-JZW:/]UNO\PO_@ZV_9%@_9]_X*2CXU>&]$L-(\#_`+7?P^TOXEJ-
M$\$:OX6T*/XF^$3!X(^*5K)K)DNO"?BSQ9JL]EX9^(_B_4-`?1]9&H_$>WO?
M%_AB+4M6M/&WCW^^+_@E9^VMX1_;]_84_9__`&B-!\60^*O%M_X)T7P=\;HI
MI_#"^(/#?QW\':/IVE_%'2/%.C^$[?3=+\/ZAJ6N8\9:#IZ^'_"Z:KX"\5^#
MO%FG>&-$T+Q'HUF/??VD?V1OV:_VN?"T7A#]HWX/^%/B=IUGIWB32-%U+4X;
M[2?&?A?2?&MK:Z3XWTWP;\0_#5YHOC[P38^/="M(?#'CZU\)^)=&@\<^$)+[
MP?XL35_#&HZAI-RG>SLDW9V3=DWT3:3LGU=G;LQN]G:S=M$]%?IK9VUW:3]'
ML?@Q_P`&H/[*]O\``[_@FBOQOU&*Q/BW]K;XE>)/B!]KT_Q=J.OQIX`\`WEY
M\-?!&DW^AK%;>&/#&M6>MZ)X\UB]@TG^U]:O+/Q'I</BKQ"+W3[3P7X)_<3]
MNS]J+PQ^Q7^Q]^T1^U)XLU2PTJQ^#_PTUS7M"?5M&O\`Q!8:GX]U!8?#WPQ\
M-7&BZ5JN@7NI_P#"7_$G6?"OA6*U'B'PW!)-K$8O/$WARS^T:W8_3>@:!H?A
M70]$\,>&-%TKPYX:\.:7IVA>'O#^A:=9Z3H>AZ'I%G#I^DZ-HVDZ?#;Z?I>E
M:786T-C8:?8P6UG8V=O#;6T,=O'''7\4G_!WW^WYI.D_#KX3?\$\OAI\3+*3
MQ1XMUZV^+O[3/@G0H-8?4=.\%:!%97GP9\+^,-?M]7M?#D%EXG\42ZA\07^'
M]WHVO>)&N/`OP[\<W\_@O2)?"S_$1K2W6UM'>S]=;Z^M_,'JG9M-JUU9M:63
M2DI+3>S35]U;0_@BUG5K[7M8U77=4>&34M:U*^U;4)+:RLM.MY+_`%&YEO+R
M2WT_3;>TTZPA:YFD,-G86MM96L96&UMH8(XXE_NA_P"#*3_G)=_W9K_[]77\
M)N>>1C![=L8S@=.U?U_?\&=W[2]A\.?VR/VA_P!F/5FM8+;]I?X1:!XL\/SC
MP[K^J:G=>.OV?=1\0ZC8:+'KVEW4FC^&-'NO`GQ(^).LZE/XFT<6.KZGX?\`
M#^EZ=XHT;69K#0/&:6R_X"TTVL]EU_#2P;G^C17^%'?6-]I5]>:7JEE=:=J>
MFW=Q8:AI]_;S65]87]G,UO=V=[:7$<<]M=VMQ')!<V\\<4T,T3Q2HCH0?]UR
MOR[^+/\`P1D_X)G_`!R^,OCS]H+XD?LMZ#JGQB^)PU9/'OC70?'_`,7O`EYX
MF37_``@_@+Q-%?Z=X!^(7AC0TB\6>$I+W1/&4=KI=LGB^WU;7)O$RZK=Z]K-
MS?#;Z6O9V3NKO2UVD[*[U=FUO9Z@[V=M7;1-V3?1-V=EYV?HS_'<[]>.!D9]
M/?GH#1]?YCZ=>0/\/:O];O\`XAUO^",7_1COA'_PYWQY^G_15/\`/7K1_P`0
MZW_!&+_HQWPC_P"'/^//_P`]6C5=OZMY>O;H/3S^[_@^O]/3\_\`_@T*\)^*
MO"?_``31^+]OXI\.>(/"\VN_MF>,O%6BQ>(-'U'19=9\+^)/V<_V7]1\.^)=
M+BU*WM7U#0-?TZ6*_P!%UFS6;3M5LI8KJQN;B%U=OV__`."I/_*,G_@HO_V8
ME^UU_P"L_P#Q"KZ2^"'P1^$O[-GPH\$?`WX$^`?#WPP^$WPXT8:#X-\$>%K+
M[)I.D6)NKB_O;AF=Y[S5-9UK5[[4->\3^(M7N]0\0>*/$>IZMXE\1ZIJ>NZK
MJ.H7GYW_`/!<SX]>&/V>_P#@D]^V]XF\23:,9_'_`,"?&GP$\,Z7JVNMH$^M
M>)OC]I5S\);*#13!I.N7FL:SH=CXLU+QE'H-IIH74M.\,ZE_:NK>%]`BU7Q9
MH@KI*[3?5ZI-Z;*[MZ7_`#N2KV5VF[*[2LF^K2;=E?HV[=WN?Y>/_!+;_E)I
M_P`$Z.W_`!G;^R*>AZC]H'X??@!R![5_L\U_C"_\$M\_\/-?^"=)'&?V[/V1
M>V0"?V@?A\.G;IZYXZU_L]4QG^:__P`'C'_*3;X%]#_Q@E\,O3I_PT!^T\<Y
M((K^3C_(//&.WUZ?I7]"G_!SU^TO8_M&?\%9_BIHVBO;7'A_]F?P)X(_9GTJ
M^B\.>(/#E[>7W@^;Q!XZ\<)JL?B*Y:XUF[TCXF?$CQMX=L/$6F:3H.@:SH&C
M:-<Z%;ZWI@@\:>*/YZSW]NW!`'U^I_\`KYI;[JW])O7KTVTTU?0`]`.O&#GV
M''X'\J_H[_X-51C_`(+!?"[J#_PI_P".?'J?^$'N1D^W?ZGCBOYQ..>>_I_3
M@8/^17ZX_P#!"O\`:?T_]DG_`(*I?LD?$SQ#?:-IW@GQ%X[E^#?CV^\1:Y9>
M&-`TKPO\:M(O_ALWB36/$E_H^LPZ-IO@G6_$6B^.;RX9=)M+V#PR^E:OXF\-
M:'J6JZY8"_X>][WTM_P?/Y@?Z^U?XVG_``5__P"4IW_!0G/3_AK_`./6/3GX
MBZ[GGJ,X/ZU_LEU_C9_\%?Q_QM._X*%?]G??'KU&1_PL370.O&`?_P!?H?/^
MFU_PWF!_HY?\&S__`"A)_8J_[N/_`/6MOCS2?\'+W_*$C]M;Z_LY?^M;_`>C
M_@VA_P"4)'[%/U_:-_\`6M_CQ1_P<O?\H2/VUOK^SE_ZUO\``>F!_G'?\$@!
M_P`;3O\`@GJ><?\`#7_P%_/_`(6)H9'],U_LF5_BX_\`!-CXK>!_@9_P4%_8
MK^+_`,3-0@T7X=_#O]I[X*>)_''B"ZGGMK/PQX6T[X@:')KGBN]:TT[5+N>Q
M\+:<;CQ#>V5I8S7.I6FFRZ?;O!+<QW$7^T=0/HO5_I_D?Y9/_!U'>6ES_P`%
MAOB[#;W$,\VG_"CX$6=]''*'>SNW^'>FWZ6]PJ_-%,UC?6-X(V^8P74,N-LL
M9/\`.?UR>1GGV`SR??GM7^T9^UI_P3G_`&(_VZET!OVKOV;_`(=_&#5/"CVX
M\/>*M5M=3T#QUI6G6XU@Q>'K7X@>#]2\.^-CX1>XUW5-1N/!S^(7\*7>L26^
MMW6C2:S8V%]:_%O_`!#K?\$8O^C'?"/_`(<_X\__`#U:3_K5]U_7_`;#1_AT
M[)+OZ_T]/\D4G\._J#D9[\9_#O[4'GC'/T]^@Z<?^S9ZU_K=?\0ZW_!&+_HQ
MWPC_`.'/^//_`,]6N+^(7_!M?_P1U\>>"KOPAI_[*K_#2>[U?0]7A\9?#SXH
M?%"T\:Z=)H]_%<7.GV6H^)_%?BO37TC7]-%]H.MZ=J.CWT#V&I2ZCI:Z7XHT
M[0?$&CB6R=ETOJTMK]&[>2OHOD)Z)M)MI-I*UV^RNTKO97:6UVM;?Y/'OGT_
M4'/^!]:ZOP-XY\8_#'QIX4^(OP]\3ZUX,\=^!O$.D>+/!_BWPYJ%QI6O^&_$
MN@WT&IZ-K>CZE:21W%GJ.FW]M!=VEQ#(K)+$IR02I_2/_@K'_P`$J?C?_P`$
MJ?V@A\-OB(Z^*_A1X^G\2:O^S_\`&.R2&'3OB7X/T&ZTQ=0M]0L$D>7P_P".
M_",6O:#8^.O#4RR16%_J5EJ&C7FK^'-7T75[[]KO^""/_!N=X0_;>^&>@_MJ
M_MLZAXGL_P!GW7M:U2V^#GP1\):O!X?UCXT6?A7Q):Z1K/C/Q[XQTB^N?$GA
M+X9W&K:/XR\#VOA30X/!_P`2O$UY9R>--+\8>$O"]EX;N/B(>NK^72WIZ_/T
M`POV;/\`@\#_`&ZOAII?@OP_^T9\&/@S^TY9Z%/XA'B[QA;/?_!#XI^.;*^M
M+Z3P\)-5\(:?KGPK\-ZCH&LW-J+R\T?X,?8==\+Z=!HO]D:9XCGO/&MQ]J?\
M1K?I_P`$T1CG_F\GN3G/_)JGUSQR3^?]`P_X-U_^",BQ6T/_``P[X1*6EI9V
M$);XG?'@RO#901VT,EU<-\53<7MX\4:&[U&]EN=0U&Y,EY>SW%U++-*[_B'6
M_P"",7_1COA'_P`.?\>?_GJT?UO_`%T_'[QZ>?W?\'U_IZ?S\?\`$:T<@?\`
M#M+T_P";R<]<?]6JX^AS[^U?3?[%?_!VSX2_:K_:R^`'[-7C;]B#4?@[H_QY
M^)OAKX2V7Q'TO]HK_A:%SX<\6^.[K_A'/`*R>"3\!?`7]J:=K7CN_P##GA_6
M;T>*M-'A[2=5O?$ODZI_9']DW_ZV_P#$.O\`\$8O^C'?"'_AS?CQ_P#/4KWC
M]GO_`((]?\$TOV6O%T/C?X(?LD^`O"_B2TU7P]XDT^XUO5O'7Q&TW2/&'A"\
MN;WP?X\T/P_\3/%?C'P]H?Q%\&S7^KQ>#/B+H^DV'CCPI8^(/%.E^']?TS3O
M%'B"TU0?-I:SVO=M:75VM'LKM+J[)M*[2?EJ[K1Z*UU?57>BO;NTE=7NOTSK
M_*C_`.#G#]ECPY^S#_P5>^*.H>$--TO1O#7[37@OPQ^U-:Z5IVM:KJ\D'B+X
MBZUXM\,_$O4M435]/MY-&U/Q5\6O`7CWQG+HUCJGB+2;:V\16EQIFHZ3:7<7
M@_PQ_JN5_DT?\'%W[7WA;]LC_@J#\5O%?@#Q;/XQ^'7P@\,^&_V?_`^J(/A[
M=Z"=-^'M]K][K]QX+\3?#O7O$NG^,_!?B'QWXE\6^,]`\2:]JG_"4_9_$TFA
M:GIVAVVB6.AZ<_NZ/5KNEHFU=W:VNUO:R87M;?5V6C>MF]6DTM$]965]+W:3
M_"_T[>_X]?\`]7I1^'?IQGZ>OZ8S2\=AW&#SQ[8'<?C[4@QQR?\``_B?US0M
M?+U`_P!T#P3_`,B9X1_[%C0/_35:5^>O_!'S_E'I\$O^QG_:&_\`6F?C'7Z%
M>"?^1,\(_P#8L:!_Z:K2OSU_X(^?\H]/@E_V,_[0W_K3/QCH'T?JORD?IC11
M10(****`/SW_`."3&?\`AU__`,$]\_\`1F_[.OY?\*K\,8_3%?Y1O_!4G_E)
MM_P47_[/M_:ZZ^_[0'Q!_''^>]?ZN7_!)?\`Y1??\$]_^S-_V=?_`%5?ABO\
MH[_@J1C_`(>;?\%%SC_F^W]KGN,?\G`_$$<\=SU^OXT?U]X'PD.1_GW./O`8
MXS^-`]/S^F1G/7MCGY>_6D'UYXZ?ATYY(/;VZT?ITYQZ#C\__KTK;^J^5K??
MW];@?V`?\$>?^#H?Q)^R=X`\&?LP?MU>%_'?QJ^$7AJ[CT?P/\>?#NLV^L?%
M?X7^"UL7M]+\)>(O"VM16G_"T?">AZ@MH-+U3_A,](\7>#_"PO-*TZP\<6VG
M^&?#NG?O%+_P=R?\$IUD9%TG]JB5%<A98_A!X7V2!6(#*LOQ-BE"N`&0/''(
M.,H#\M?YCOH,_E_^L#M_7TI2?Q^H'H,^O(^7]:/\[WU?;3M;[N[OT.M]]$K:
M65NNEG=[.[:TT2=V_P#3@_XBY_\`@E-_T!OVK/\`PT'A3_YZ5'_$7-_P2F_Z
M`_[5GT_X5!X4[9Y_Y*@#S_G'-?YCW?GT_IQT_#^M+GUP`?0#&,]\8/4?6B_7
M\KO[K+7^OD_DOQ_S_J[\K?Z<UM_P=P_\$I9YHXI-._:EM(W8AKJY^$'AMH80
M`6#2+:?$FZN&7(V$0P2MWQ]['\W'_!73_@YO^,O[=GP_\6_LU_LM>$-8_9O_
M`&;?'=G=Z'\1];UB]CE^//Q2\,)K?BJTE\':IKWA[6KCPWX(^&_C[P?<>$9O
MB%X&\.V^J:[?WUMX@\!7_P`2_$_PQUGQ!HOB[^5\]`<\G)/Y_P!:/Z\=.GT]
M_P#.<]!7[_\``MHUTN(.?ICVQS^`Z_7\Z/K[\^O7GGW_`,YI*=SW^F,?3H/7
MG]33_K\OZ^[N!^FG_!-+_@K%^U;_`,$LOB'XE\8_L]ZEX:\0^%?'FGPZ?\0?
MA!\2[?Q!J_PS\6-:2!M,\02Z3H'B'PUJ&E^,]"C:Z@T+Q/INIPW%M!>7=AJ=
MMJ^D7-SIL_\`:W\'/^#P;_@GUXK\#V>I?&CX-_M)_!_XBQ0Q-KG@_P`.Z)X-
M^*_A3[3/>ZE&L7A'QY!XH\$ZEKMK9:?;:?=:E=>)O`/@2:.[U(V.FV.KQ64U
M^W^;>/;.?;_'/%'?ZX]!Q_+W]*79=E;SU=^UWZWZ6Z:'?5ZN[NV^B6EWHK16
MBLKW=KMM_P!Y/[;G_!X;X5GT#6/"/[`/P+\7P>(+NSU'34^,'[0=AX=TV+2I
M[[0_'VD)K?@SX=>&?$OBNVNKOP_KY^&GC+P[J7CG4KBQ\0Z>OBWPEXE^'6B2
MIINMW'\,'C?QOXQ^)GC'Q/\`$+XA>)]=\;>.O&VNZIXH\7^+_%&IWFM^(O$G
MB+6KN6_U?7-:U>_EFO=1U+4;V::YN[JYEDEEFD9F8EL5RG(_S_G@_D:7OSZ'
M^N,8[9].*?;R_P"!_EIVZ;NYU;UUMU=M+VTV3U=VE=Z)[*QC_P`=YY'?@=.?
MI75>!_'/C+X:>,/#'Q!^'GBK7_`_CKP9K>G>)/"/C#PIJU]H/B3PSK^D7,5Y
MIFLZ'K6FSVU_IFI6%U''<6UY:3QSPRHK!P:Y8GVZ'TXZ8P<\]OYT'H`.<\]_
M4CI[\4K[7\OR779VWTMMILP/]`+]B3_@\!^!X^%O@OPC^WC\)OC!!\8="\*:
M=IGBCXO_``8\-^!M>\&?$#Q%IS^)([_7]4\%7?BKP9J'@B]UC2=/\(7,L'AF
MTU_1+_QGXB\31V>D>`_".B:6MY]O_P#$7-_P2G_Z`O[5G?\`YI!X4[=?^:HU
M_F/+@<GWX_#O]<FDQ_+CG&?0\]1],4[Z[65EWU>W5O5VN]=WHDK(%IOKJW=V
M6[O;W;*R6BTO;=MZG^G#_P`1<_\`P2F_Z`W[5G_AH/"G_P`]*E_XBYO^"4__
M`$!?VK/_``T'A/\`^>ET]^E?YCPYSC(_D!WR?3CBCMP.W)/\QTZC\Q^.5?\`
M"R>W6UNOR\WL/Y+\?\_ZN_*W^EAXY_X.^_\`@FCH/A36=3\$?#;]JOQ]XMBL
M[U/#_A67P#X#\)V&IZP=-OKC2TUWQ-J/Q+O8]"\/3:G;66FZOK&GZ-XFUK38
M-22_T_PGKPM+FT'\4O\`P56_X*X_M'?\%6_BMIGBKXKQZ5X(^$7P^U?Q/=_`
MOX&Z#'HVH:=\+=-\6V/A33]?CU'QY!X;\/\`BCXC:_KB^#=%O]5UWQ1BQM-3
M.J+X-\/>#M&U*?1!^5'U^G.>/U'3TZ4ISCG)`SSR03T'X#_/6A].U]?T^]Z?
MUHCZ<_8G^+OA3]G_`/;+_9(^//CM-5D\#_!+]IOX"?%WQE%H-G%J&N2^%/AO
M\5/"GC+Q$FC6$]U8PWVJR:1HUZNGV<][9Q7-TT,,EU`CF5/ZZ_\`@II_P=HZ
M'\4_@QXZ^"W_``3M\$_&/X6>+?&$-EX>NOVCOB/#X7\->)_#GAVXN?$UMXTE
M^%GAOPUXD\6W6@Z_J.FV_A./PC\0=5UBS\1:+:^(?%-U9^&/"/B[PWX6\32?
MP\=?KD9Z#/7H.,_SS]:3MWX&/KSG&>Q_PH3\MM+=-4M=-=+Z;+NK`_)M.Z=U
MOHT[:W5G:STO9NS3LU8NKJYOKJXO+VXGN[R\FENKN[NII+BZNKJXD,MQ<W$T
MK/+/<3RN\DTLCM))(6=RSL35<XX'0]#U]NOXYZ4'VSC/4@9S]?Z4'U]2>OM[
M]>_/^<"6V_=7OIMH[O[NWY@#KV_'I_D__JHX_P`D=/UP?\XH_`>V?3Z\=,8[
M4#\\\$>H/&/Z?RI_U_78#^T[_@F=_P`':?C#X4>%?`_P5_X*%?#[6OBOX6\*
MZ9X,\#Z+^T)\-I-0U+XQIH&B:#K]A?\`BSXSV/CGQA>Q?%WQ7>ZC!X)M]3\0
MZ+J'@S7KO2SXN\6:Q#XY\8_9]/U_^7C_`(*$_&;P+^T7^W)^U=\?/AE>WU]\
M/OC/\=OB+\3_``?/JFG7&DZLF@^-_$5YXCT^TU?3+H!['6-/@U!=/U6"*2ZL
MDU"UN5T^_P!2T_[-?W/QS^(Y/UX['G/O_M"F_P!/THZ]+>5K?=:RMTMH"T22
MZ6U;;>BMJVVWYMW;>K;/ZT?^"!W_``<->`?^"=_PAUO]D;]KCPM\1_$WP-LM
M;\9_$+X1?$7P)/%XLU_X<ZOKL>EZCJ?PID\`:QJ.BV2>`/$VOP^)_&&FZYH&
MN0WFB?$3Q1JJZSX>U71_%]_XF\$:W_!>C_@XC^%W_!0CX$Z7^R-^R7X*^(^C
M?"77M:\->,?C!\0/B6D_@W6O$U_X8N[37O#'@CP]X2\)>-]3TW5?"VEZT(-5
M\13_`!`BU&VNO%>AZ+>^'?#UI<>&]%\87G\C0_H?QY_SZ8^]28^I[#_ZWX_Y
M%%]=M;/ST>FVVG1VOJ[/31-7W;M[NB=K.+O>ZL]=%)-N+2M:SE</MT_^M_/G
MGT-?U[_\$C?^#I/Q3^R%\+=`_9Q_;D\#_$W]H;X9>#DN;3X??&'P5KNAZQ\:
M/!?A:UTTIHOP^U7PWXUO_#>D_$C0K#44C@T+7M6^(_AW7/"'A^671T3Q5I>G
MZ!I.C_R$^N>.V,9/?UQC'M[4>OT_+UR,<GMG\>W"_33UO;O^G;Y#/].)_P#@
M[D_X)3([HND?M4RJCLOFI\'_``OLD56P'02?$Z*3;(`7'F)&P!Y3/RTW_B+G
M_P""4W_0&_:L_P##0>%/_GI5_F/]L<#W[]>A/Z_@*3.<#'<GCW[#_)[4?Y_I
M^.O]7'\E^/\`G_5WY6_TXO\`B+F_X)3?]`;]JSO_`,T@\*=O^ZH_Y[XH_P"(
MN;_@E/C/]C?M6?\`AG_"O\_^%HX_6O\`,=.>_P"H&?\`&CT/3J<]?ID#MG^?
M?%%_^!Y_UY7#Y+\?\_ZN_*W]?/\`P<`?\%B?^"=O_!5#]EWX:^%?@:GQMT/X
MZ_!/XK6_C3PM<_$?P)-H'A[7?`WB71+[PQ\0?"%JWA[X@Z]HD6NWEX_@KQA:
M:SXD\/SR66G>!M7T31M8TV?Q-=6>L_LY\&O^#I'_`()"?`WX0_"GX*>#M*_:
MWE\(?!_X<>!OA;X5DU+X._#Z+49/#7P_\,:7X3T.34(M"\>:#H4=Z^EZ/:-<
MQZ+HNC:1'.SKINE6%EY5E%_FU<\\=N>OKUZ]<_\`ZJ49X],\9Z9'_P"NC[KZ
M7MU\WOK;2W:W742TOUO;1[+;16L[-J^K>K=K*R7^G!_Q%S?\$IO^@-^U9_X:
M#PGV_P"ZI?\`Z^U'_$7/_P`$IO\`H#?M6?\`AH/"G_STJ_S'_P#$\=.PQP/7
M_)I#]>/Z9SCH,_E^78_K\O+^M?D_DOQ_S_J[\K?Z<7_$7-_P2G_Z`O[5O3/_
M`"2#PIT]?^2H]*(_^#N3_@E,\D:MI7[5,:LZJ97^#_A;;&I(!D<1_$Z1RB@@
MR>6DCX'[N,L0!_F/>IW'T]S^O2D'7CUR._T']*/Z_J]OR#Y+\?\`/^KORM_9
M9_P4O_X.UOB5\<?!7C#X*_\`!/GX;^+OV>?"?C'0I=`U?]H?XC:I8V_[0UMI
MNK6FCG5HOAIX=\$:[K/A7X.Z]`R>(O#L/CM/&GQ&\2_V/JUMXG\%-\+?'FFZ
M5K.E?QIXZ_S)P`?3D=?\_1>.F>,9Q[^F<<?J/>DZ=OY\'_$4=_5=_+^NWXH0
M#_#L/YGI_6E/KG.,>IQ]20!U[4=L\^AY[?EP#^(XI.O?`Z9Q^6<>N/>CN[VU
M\O+\>BZZZ=`/]T'P5_R)OA+_`+%G0?\`TU6E?GI_P1]_Y1Z?!+_L9_VAO?\`
MYN8^,7^?;I7Z%^"O^1-\)?\`8LZ#_P"FJTK\]/\`@CY_RCT^"7_8S_M#?^M,
M_&.F/H_5?E(_3&BBB@04444`?GE_P21_Y1<?\$\??]C+]G''O_Q:CPO7^4E_
MP5)'_&S;_@HM[_MV_M='TX_X:`^(/K@?K['!K_5Q_P""2W_*+W_@GM_V9M^S
MI_ZJOPQ7^4?_`,%2/^4FO_!1@?\`5]G[71_\V`^()QTSTH?^7Y_H!\(GW.<8
M[]OU'Z\>]!_3T)X)QUQP>>M+G\.3T'(_D>^WTI#Z\GZC'7GWSUS_`/6I:W_K
MR\K;^;:[@'OUZ_A[_F?SI>F3Z]!STX/;MB@\9'N>HY_/'?\`H*3_`"/IR?US
MFC?7II;[T[_UK;;L`=^/UXX]_J/S[4N>#[CN.<`@#V]?7IUHY[=.V3CD=Q]W
MGWQ]:"#_`/K&`,C\AC/KUI:.VO\`GHUIIIKI?\F`N3UZ]L$=2?PY&1QWXQ3<
M'GC\QCT[#OR*._;O[_\`UL]N/TH^I'0=<^GL.U.R6JM\EZ=OS]+[`'UYR#WY
M!Z<__7IW7KT&!UXQT],C)Y]<9_%O^?R[D<]!_GK2^OT/7G@XQT[G/^>:&EZ=
MO31.W:^VFUP$X_'\,'^6/\\TO/4X/&.OIQQ@Y/\`+K1USZ9^N!SV].>O;ZTG
M(]0><_J/SZ_THZ^?GKI976GX[_<T`>HQWSSQTSQU_P#K^]'/Y@]`.G.>/SHQ
MQZ=OKSDYYSQ]/2@_B1GCG\??GGGWS0FNG]?/^OP`7D8'(..WU.../YT#`Y/&
M.@YZC!![\'_]7LGK[<<8QW..O/(XZ_CQ1CJ.OY=N??MZ&BW2_K;>^G]>E@%)
M)';K^(Z=/0?Y]:3'O^A_#.<8SV/YTG^?\_Y_K3NGX')XP?08&1_0KVHT7D`G
ML1R/3'3DDGKV_P`\4O'IGT^@^F#^//3':DY/J>WK]!^?_P"KBE__`%\]\=0?
M7D<#\^:+;7>O7\/PTVT`3C\L<9[<Y]QR/PS2XZC.<`]>@]Q@FCC^7Z#K@]<\
M^GOUH_#OTQGH/\[NG]*->E_G\OG???K>_0!/;H>AST[=?QS^E'3G/Y$@_P`O
M\_G1QCCL/7CTX[]3G'UI3U&/T^IZ9P2>GY>U%_)@'3MG(Y[#(//`QTQ[=ST-
M`./IW&._..OY]J;2_P"![?7\^G7M^%%OZ_!>EM-K:KH`HZCOR#QZY[Y[XS^E
M'8\8YZ^G3ZGO_AWI,>_KG/'3]?T_K2\$^G].@'?GCK_6A_A_P5TOZ_UHP#T_
M(#KTP?8=3^?X4A_G[?7IUX'U_E1QCW^@_GG-&"<G(R>V1DDG]*%9:?G\DK>7
M?S_`#UQG_P"L?7ZY'^31Z\?7VY_3TH'\N@_,]L'\?SQ1S^)^N>?\<_Y[L!*?
MW'&,\_GP>O'/T]*;U/X]A^6!Q_C0?IC_`#GZ="/_`*U+[KV?GVOVNM@`?GQ[
M?CV/Y_RHP1CIST.>GOD'M2X[\`<_C_Z%R<_ACVI,_P`L<=^_.??K^G%&^WS_
M`,NO]=MP#I^O/J#QW_'_`"*7TXQUR0/7KCKP!_C2>O?U/X]1^E`Q]>V,XR2?
MT']?K1=;_P!:]&O\]@%Z#..WJ..F",Y(_P`D'T0_K[<<_3`YH.?RP./ICK^'
M'XXIWH<=N>3GKCU!^G;FEM\_/K9:7;3=[?/J@&GVYR?J>>@/OQV]:7!QT&.O
M7GZ]>W]>!Z)TZ'H>./U_S_2EQUYQCOGCOQCJ#D>G_P!=M^?X.]M%]]WVZ[:`
M(?3/'Z9QC\?K]<4=<?3'L/\`ZP']32]@>1CWSSVX[=/3\Z3W_#MGD<\9_P`^
MU'Z:=+_AWT8!DY_/CL,]1CM1@YQ_GKCWQD_AGVI1VZGGD<'WX'7GN?\`&CGV
M.,GJ#G@$_7'^-,`_/'7MSW'MT/OUQCM1TSUZCKWQG=Z@\_7^='KCV]N1Z?YW
M'\Z`1Q[<]N3GW('3%3:]OU^3ZW:U5FM>_F!_N@>"O^1-\)?]BSH/_IJM*_/3
M_@CY_P`H]/@E_P!C/^T-_P"M,_&.OT*\$_\`(F>$?^Q8T#_TU6E?GK_P1\_Y
M1Z?!+_L9_P!H;_UIGXQU0^C]5^4B?]OW_@I?\+/V%7^'7P\@\#>//VA_VIOC
MG<W>G?`']E7X.V2:E\2?B/=6D@BNM:U"=X;JS\%>!=,F!35?&.KV\\<2VVH/
MI>EZL=)U=;'XP/[4/_!P6EB?B+)_P3-_9"?PL!'?GX'P?M:W#?',::LLDTMF
MOC%M/_X57)K+V6R&&,!52[#J;5WE%K%RO_!-3PY:_'/_`(*?_P#!9#]KKXE)
M!K7Q0^$/QNT;]BKX/)?.+J[^%_P:^&GA5=0O;;PS$P1=%M?B/J\MAXAOI;.&
M*6ZOK75I&N)I-3U*6X_EO\"_MH?M3>'?V(?AS^TUX?\`VK_^"RNG?M3:G\8+
M'PII?Q4^).NSZW_P2VEBD^--SX8BT_QAXT\=6]_9W5C!X4MVL/$`O9=7M[7Q
MK87^D3VBZ?%)/`+^NO\`P/EJBE9.UMK-W[:;;6U?7H]=C^Y3]@+_`(*3_"?]
MO'3_`!_X6MO"7C3X#?M+?!#4XO#_`.T'^RS\7;9-)^*?PJUJ?Y(;LQ%((O%'
M@O4;A)8M'\7Z9;VT%P4B34M-T6ZO+6TF_1^OYS?V_/#P^!'_``5B_P""-?[5
MO@^'2M,^,'Q^\8^/_P!CK]H-?",DUK9_%3X<:_X`L]:TJ[U&T,(GUO1_AQXC
M-[KUCJ.IQO=VL">&8;F6.+1M,-E_1E02_2R>WY6^5NN^]E<_/3_@DJ2?^"7G
M_!/4X;_DS7]G,D-@,#_PJKPOD,!@!L=0`!G/3MVWBC_@G!_P3Q\<>)_$?C7Q
MK^P7^QCXQ\9>,-=UCQ3XM\6^*?V7O@AXA\3^*O$OB#4+C5M=\2>(]>U?P-=Z
MKKFNZWJMW=:GK.KZG>7&HZEJ%S<7M[<3W-Q))+_D:>#/V[_VX?!?A3P]X0\'
M?ME_M6^$_"?AG3+70?#?A?PS^T1\7=!\.^'M#TN+['IFC:'HFE^,+73=)TK3
MK.&&UL-.L+:WL[.VBC@MX8XD51TC?\%%O^"@P"X_;L_;)'&?^3GOC;UXY_Y'
M>@1_K'_\.MO^"9/_`$CH_82_\1%_9_\`_G?4?\.MO^"9/_2.C]A+_P`1%_9_
M_P#G?5_DX?\`#Q;_`(*#;,_\-V?MDY]?^&GOC;G[WK_PF]-_X>+_`/!0?D_\
M-V?MDYQU_P"&GOC;ZC_J=Z`/]9'_`(=;?\$R?^D='["7_B(O[/\`_P#.^H_X
M=;?\$R?^D='["7_B(O[/_P#\[ZO\F\_\%%O^"@V?^3[/VR>C'_DY[XV]1NP?
M^1WZCMZ4X_\`!1;_`(*#?]'V?MD??`_Y.>^-G0C)'_([]R2?K0!_K'?\.MO^
M"9/_`$CH_82_\1%_9_\`_G?4?\.MO^"9/_2.C]A+_P`1%_9__P#G?5_DXC_@
MHM_P4&W?\GV?MD=#_P`W/?&S^\?^IWI&_P""BW_!089`_;L_;)QM''_#3WQM
MQ]X?]3O0!_K'_P##K;_@F3_TCH_82_\`$1?V?_\`YWU+_P`.M_\`@F5_TCI_
M83_\1%_9_P"_7_FGW>O\F]O^"BW_``4&W?\`)]G[9/W3_P`W/?&WT/\`U.]*
M_P#P46_X*#8'_&=?[9'7/_)SOQLZ\\_\CO0!_K'?\.MO^"9/_2.C]A+_`,1%
M_9__`/G?4?\`#K;_`()D_P#2.C]A+_Q$7]G_`/\`G?5_DY'_`(*+?\%!N?\`
MC.S]LC[R_P#-SOQL_P!G_J=Z:?\`@HM_P4&Y_P",[/VR?XO^;GOC;_M_]3O[
M#\AZ"@#_`%C_`/AUM_P3)_Z1T?L)?^(B_L__`/SOJ/\`AUM_P3)_Z1T?L)?^
M(B_L_P#_`,[ZO\G%/^"BW_!08CG]NO\`;(//_1SOQL]O^IWI?^'B_P#P4'RW
M_&=G[9/5/^;GOC;_`/-O0!_K&_\`#K;_`()D_P#2.C]A+_Q$7]G_`/\`G?4?
M\.MO^"9/_2.C]A+_`,1%_9__`/G?5_DX+_P46_X*#97_`(SL_;)Z'_FY[XV^
MK?\`4[T)_P`%%O\`@H-S_P`9V?MD=O\`FY[XV>__`%.]`'^L?_PZV_X)D_\`
M2.C]A+_Q$7]G_P#^=]1_PZV_X)D_](Z/V$O_`!$7]G__`.=]7^3D?^"BW_!0
M;#?\9V?MD<=/^,GOC9_='_4[T-_P45_X*"\?\9U_MD<L`?\`C)WXV<CDX_Y'
M?UYH`_UC?^'6W_!,G_I'1^PE_P"(B_L__P#SOJ/^'6W_``3)_P"D='["7_B(
MO[/_`/\`.^K_`";_`/AXM_P4&P/^,[/VR>0V?^,GOC;S@'&?^*WYQ0W_``47
M_P""@V?^3[/VR><Y_P",GOC;_>/_`%.]`'^LA_PZV_X)D_\`2.C]A+_Q$7]G
M_P#^=]1_PZV_X)D_](Z/V$O_`!$7]G__`.=]7^3@/^"BW_!0;Y/^,[/VR>=V
M?^,GOC;S_P"7O0O_``46_P""@V<?\-V?MD8X_P";G?C9W7)_YG?N0"?7`]*`
M/]8__AUM_P`$R?\`I'1^PE_XB+^S_P#_`#OJ/^'6W_!,G_I'1^PE_P"(B_L_
M_P#SOJ_R<1_P46_X*#8;_C.S]LC@MC_C)[XV<8Z8_P"*W[=J&_X*+_\`!08+
MQ^W9^V2/F/3]I[XVCH3C_F=^W:@#_6._X=;?\$R?^D='["7_`(B+^S__`/.^
MH_X=;?\`!,G_`*1T?L)?^(B_L_\`_P`[ZO\`)O'_``47_P""@V5/_#=G[9.=
MV,_\-/?&W.!MP,_\)OTIS?\`!1?_`(*#_/\`\9V?MD\;<?\`&3WQMXYS_P!#
MOZ\_7F@#_6._X=;?\$R?^D='["7_`(B+^S__`/.^H_X=;?\`!,G_`*1T?L)?
M^(B_L_\`_P`[ZO\`)O'_``46_P""@VP_\9V?MD=?^CGOC9[?]3O3V_X*+?\`
M!088Q^W9^V2,AL_\9/?&WG`X_P"9W[=J`/\`6-_X=;?\$R?^D='["7_B(O[/
M_P#\[ZC_`(=;?\$R?^D='["7_B(O[/\`_P#.^K_)Q7_@HM_P4&W$?\-V?MDX
M&<#_`(:>^-O8C'_,[TT?\%%O^"@W'_&=G[9/W3_S<]\;>V<?\SOVP/R'H*`/
M]9'_`(=<?\$R_P#I'3^PG_XB+^S_`/\`SOJ3_AUM_P`$R?\`I'1^PE_XB+^S
M_P#_`#OJ_P`G-?\`@HK_`,%!<#_C.O\`;(Z#_FYWXV?_`#;TQO\`@HM_P4&S
M_P`GV?MD]_\`FY[XV]E&/^9W[=O2@#_6/_X=;?\`!,G_`*1T?L)?^(B_L_\`
M_P`[ZC_AUM_P3)_Z1T?L)?\`B(O[/_\`\[ZO\F]?^"BW_!0;!/\`PW9^V1G#
M'/\`PT[\;,YPO.?^$WZT]?\`@HM_P4&(Y_;K_;(/3K^T[\;/[H_ZG>@#_6-_
MX=;?\$R?^D='["7_`(B+^S__`/.^H_X=;?\`!,G_`*1T?L)?^(B_L_\`_P`[
MZO\`)Q7_`(*+?\%!L_\`)]G[9/\`#_S<]\;?[I/_`$._KS]>>M`_X*+?\%!M
MF?\`ANS]LG.#S_PT]\;<\9Q_S._:@#_6._X=;?\`!,G_`*1T?L)?^(B_L_\`
M_P`[ZC_AUM_P3)_Z1T?L)?\`B(O[/_\`\[ZO\G'_`(>+?\%!LO\`\9V?MD<`
M8_XR=^-G'!Z?\5OQ2'_@HM_P4&R?^,[/VR>A_P";GOC;W?G_`)G?OWH`_P!8
M_P#X=;?\$R?^D='["7_B(O[/_P#\[ZC_`(=;?\$R?^D='["7_B(O[/\`_P#.
M^K_)Q;_@HO\`\%!L$_\`#=G[9.?FY_X:>^-N?O`?]#OZ<?3B@_\`!1?_`(*#
M;F_XSL_;)^Z?^;GOC;Z#_J=Z`/\`6._X=;?\$R?^D='["7_B(O[/_P#\[ZC_
M`(=;?\$R?^D='["7_B(O[/\`_P#.^K_)Q/\`P46_X*#9Q_PW9^V1C/3_`(:>
M^-F/X/\`J=Z:O_!1;_@H,<9_;L_;).2V<_M/?&WG@?\`4[T`?ZR/_#K?_@F5
M_P!(Z?V$^.G_`!B+^S_Q_P"8^I/^'6W_``3)_P"D='["7_B(O[/_`/\`.^K_
M`"<S_P`%%?\`@H+D?\9U_MD=?^CG?C9Z$_\`0[^H!^H![5''_P`%%_\`@H.8
MV)_;L_;))$DX&?VGOC:<`2R`#_D=^P``]``!P*`/]9#_`(=;?\$R?^D='["7
M_B(O[/\`_P#.^H_X=;?\$R?^D='["7_B(O[/_P#\[ZO\FX_\%%O^"@PSC]NS
M]LD?,W3]I[XV^W_4[TH_X*+?\%!MA/\`PW9^V1G.,_\`#3WQLSCCC/\`PF]`
M'^LA_P`.MO\`@F3_`-(Z/V$O_$1?V?\`_P"=]1_PZV_X)D_](Z/V$O\`Q$7]
MG_\`^=]7^3E_P\5_X*"\?\9U_MD?>;_FYWXV>_\`U._L/R'I1_P\6_X*#8!_
MX;K_`&R,G;D_\-._&S/)YY_X3?ODY]<GUH`_UC?^'6W_``3)_P"D='["7_B(
MO[/_`/\`.^H_X=;?\$R?^D='["7_`(B+^S__`/.^K_)Q_P"'BW_!0;#?\9V?
MMD<%L?\`&3OQLX_\O>HC_P`%%_\`@H.)(0/V[?VR<,_S#_AI[XVX/[B0\C_A
M..>0#SW`-`'^SS%%';QQV]O''!!!&D4,,2!(H8D&V...-=J)$B*JJJJJHJ^7
M'S]W\U?^"/O'_!/3X)?]C/\`M#?K^TQ\8C7^5DG_``47_P""@Q,^?V[/VR3M
ME(7/[3WQM.!Y<;8'_%;\#<2W'<D]37^G_P#\$#+R[U'_`()`?L-ZEJ%U<W^H
MZG\,_$&IZE?WD\MU>ZAJ6H_$WQS>ZAJ%]=3L\]W?7]Y//=WEW<227%U=32SS
MR/+([D'T?JORD?'?[4.C?&S_`()/_MW_`!>_X*'_``S^%'C7X[?L)?MEZ+X-
MM/VY?A[\*M(G\1?$_P"`WQ,^'>D3Z)H/[1?ACPI"!/KW@^_\/2W2>-H()$AM
MKRYUR]UJYT\/X6EKYMM?VB/^#=6R_P""6&L?L`I^WC?W/[,>N)?ZO/ILGB/Q
M,W[2MMJ4GQ4M?C-]GL]`3X70^(X-6M?'45O'96%S\/'MWLHI+26.ZC2YOE_K
M5KQN']G3]GRW\5OX[M_@3\&X/'$D[W,GC*'X8>"8O%<ER\HG>X?Q$FAKJ[3O
M.!,\K7AD:4"0L7&ZG;2_FE]]_P#(:=[MWNK._HTNWXGX*?L:^#OC+_P4T_;>
M^#/_``4+^(_PS\?_``0_8<_8L\!^)_!'[`?P]^+%LVC_`!3^.7C+QSH4/A;Q
M1^TQX[\+2P?\2#0KGPI%;6_A2V`M3>W-KX?U'2I[N&PUUKS^D^BBD)N_]>6O
$WG__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ex99p1-fy200810k.htm
<DESCRIPTION>FORM 10-K FOR FYE 6/30/2008
<TEXT>
<html>
<head>
<title></title>
</head>

<body style="FONT-FAMILY: 'Times New Roman'" bgcolor="#ffffff">

<DIV style="WIDTH: 660px">
<hr align="center" width="95%" noshade size="2">
<div style="PAGE-BREAK-AFTER: always">&nbsp;</div>

<DIV ALIGN="Left" STYLE="WIDTH: 670px; border-bottom: double 2pt Navy; border-top: double 2pt Navy; border-right: double 2pt Navy;border-left: double 2pt Navy;">
<BR>
<table border="0" cellspacing=0 cellpadding=0 width="95%" align=center style='border-collapse:collapse'>

<TR >
<td width="99%" style='border-bottom:double Navy 2pt; border-top:double Navy 2pt; border-right:double Navy 2pt; border-left:double Navy 2pt; padding:2.9pt 6.5pt 2.9pt 5.75pt;height:8.7in'>
<p ALIGN=CENTER><FONT COLOR="Navy" SIZE="5" STYLE="border-bottom:1.5pt;"><B>Energy Conversion Devices, Inc.</B> </FONT></p>
<p ALIGN=CENTER><FONT COLOR="Navy" SIZE="5" style="Border-bottom: 3pt"><B>2008 Annual Report</B> </FONT></p>
<HR SIZE="4" WIDTH="34%" COLOR="Navy" ALIGN="Center">
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:20pt;margin-bottom:0pt'><img src="ecd-logo_1.jpg" width=147><br> </p> </td> </tr>
</table>
<BR>
</div>

<DIV style="WIDTH: 660px">
<hr align="center" width="95%" noshade size="2">
<div style="PAGE-BREAK-AFTER: always">&nbsp;</div>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; PADDING-BOTTOM: 1px; BORDER-BOTTOM: 2.25pt double; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">UNITED STATES</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font size="2">Washington, D.C. 20549</font></p>
<hr align="center" width="25%" color="black" noshade size="1">

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">FORM 10-K</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<div style="WIDTH: 660px">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="3%">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="5">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">For the fiscal year ended</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="4">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 6pt; TEXT-ALIGN: left"><font size="2">June 30, 2008</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="6">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">or</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="3%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="5">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">For the transition period from</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="32%">
<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">to</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="32%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>
</tr>

<tr>
<td width="28">
</td>

<td width="147">
</td>

<td width="54">
</td>

<td width="245">
</td>

<td width="35">
</td>

<td width="243">
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="25%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Commission File Number:</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="3">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">1-8403</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="4">
<p style="MARGIN-TOP: 9pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">ENERGY CONVERSION DEVICES, INC.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="4">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(Exact name of registrant as specified in its charter)</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 77.25pt; TEXT-ALIGN: left"><font size="2">DELAWARE</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="45%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">38-1749884</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(State or other jurisdiction of</font><br>
<font size="2">incorporation or organization)</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="45%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(I.R.S. Employer</font><br>
<font size="2">Identification No.)</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">2956 Waterview Drive, Rochester Hills, Michigan</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="45%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">48309</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(Address of principal executive offices)</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="45%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(Zip Code)</font></p>
</td>
</tr>

<tr>
<td width="196">
</td>

<td width="163">
</td>

<td width="52">
</td>

<td width="343">
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 0.75%; TEXT-ALIGN: left">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="47%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Registrant&rsquo;s telephone number, including area code</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="2">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; TEXT-ALIGN: left"><font size="2">(248) 293-0440</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="3">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Securities registered pursuant to Section 12(b) of the Act:</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="47%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Title of Each Class</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="45%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Name of each Exchange on which registered</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="47%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Common Stock, $.01 par value per share</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="6%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="45%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">NASDAQ Global Select Market</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" colspan="3">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Securities registered pursuant to Section 12(g) of the Act:&nbsp;&nbsp;&nbsp;&nbsp;None</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><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.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font><br>
<font size="2">Yes</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font><br>
<font size="2">No</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font><br>
<font size="2">Yes</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font><br>
<font size="2">No</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><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.</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font><br>
<font size="2">Yes</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&uml;</font><br>
<font size="2">No</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><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&rsquo;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendments to this Form 10-K.
&nbsp;&nbsp;<font face="Wingdings" size="4">&thorn;</font></font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="4">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><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. See definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act.</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="25%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Large accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;<font face="Wingdings" size="4">&thorn;</font></font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="22%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;<font face="Wingdings" size="4">&uml;</font></font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="24%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;<font face="Wingdings" size="4">&uml;</font></font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="29%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Smaller reporting company&nbsp;&nbsp;&nbsp;&nbsp;<font face="Wingdings" size="4">&uml;</font></font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt" valign="top" colspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><font face="Wingdings" size="4">&uml;</font></font><br>
<font size="2">Yes</font></p>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 3pt" valign="top" width="5%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font face="Wingdings" size="4">&thorn;</font><br>
<font size="2">No</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="100%">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">As of December 31, 2007, the aggregate market value of the registrant&rsquo;s Common Stock held by nonaffiliates of the registrant was approximately $1.4 billion based on the closing price as reported on the NASDAQ Global Select Market.</font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">As of August 26, 2008, there were 45,666,225 shares of the registrant&rsquo;s Common Stock outstanding.</font></p>
<br>


<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">DOCUMENTS INCORPORATED BY REFERENCE</font></b></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Items 10, 11, 12, 13 and 14 of Part III incorporate information by reference from the registrant&rsquo;s Proxy Statement to be filed within 120 days of June 30, 2008 for the 2008 Annual Meeting of Stockholders.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; PADDING-BOTTOM: 1px; BORDER-BOTTOM: 2.25pt double; TEXT-ALIGN: justify">&nbsp;</p>

<p style="PAGE-BREAK-BEFORE: always"></p>
<!-- END-P0 --><!-- TABLE OF CONTENTS BEGINS -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="tocmain"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<div align=left>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, serif" size="2"><b>TABLE OF CONTENTS</b></font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2"><b>FORM 10-K</b></font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2"><b>FISCAL YEAR ENDED JUNE 30, 2008</b></font></p>

<div style="WIDTH: 660px">
<table cellspacing="5" cellpadding="1" width="100%" align="left" border="0">
<tr valign="top">
<td align="left" width="90"><a href="#toca"><font face="Times New Roman, Times, Serif" size="2"><b>PART I</b></font></a></td>

<td style="TEXT-INDENT: 0.35in; TEXT-ALIGN: left" width="530"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 1:</font></td>

<td align="left"><a href="#toc1"><font face="Times New Roman, Times, Serif" size="2">Business</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">1</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 1A:</font></td>

<td align="left"><a href="#toc2"><font face="Times New Roman, Times, Serif" size="2">Risk Factors</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">9</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 1B:</font></td>

<td align="left"><a href="#toc23"><font face="Times New Roman, Times, Serif" size="2">Unresolved Staff Comments</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">25</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 2:</font></td>

<td align="left"><a href="#toc3"><font face="Times New Roman, Times, Serif" size="2">Properties</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">25</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 3:</font></td>

<td align="left"><a href="#toc4"><font face="Times New Roman, Times, Serif" size="2">Legal Proceedings</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">25</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 4:</font></td>

<td align="left"><a href="#toc5"><font face="Times New Roman, Times, Serif" size="2">Submission of Matters to a Vote of Security Holders</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">26</font></td>
</tr>

<tr>
<td align="left" colspan="3">
</td>
</tr>

<tr valign="top">
<td align="left" colspan="3"><a href="#tocb"><font face="Times New Roman, Times, Serif" size="2"><b>PART II</b></font></a></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 5:</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="2"><a href="#toc6">Market for Registrant's Common Equity, Related Stockholder Matters</a><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="#toc6">and Issuer Purchases of Equity Securities</a></font></td>

<td valign="bottom" align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">27</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 6:</font></td>

<td align="left"><a href="#toc7"><font face="Times New Roman, Times, Serif" size="2">Selected Financial Data</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">29</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 7:</font></td>

<td align="left"><a href="#toc8"><font face="Times New Roman, Times, Serif" size="2">Management's Discussion and Analysis of Financial Condition and Results of Operations</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">30</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 7A:</font></td>

<td align="left"><a href="#toc9"><font face="Times New Roman, Times, Serif" size="2">Quantitative and Qualitative Disclosures about Market Risk</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">49</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 8:</font></td>

<td align="left"><a href="#toc10"><font face="Times New Roman, Times, Serif" size="2">Consolidated Financial Statements and Supplementary Data</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">50</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 9:</font></td>

<td align="left"><a href="#toc11"><font face="Times New Roman, Times, Serif" size="2">Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">94</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 9A:</font></td>

<td align="left"><a href="#toc12"><font face="Times New Roman, Times, Serif" size="2">Controls and Procedures</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">94</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 9B:</font></td>

<td align="left"><a href="#toc13"><font face="Times New Roman, Times, Serif" size="2">Other Information</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">96</font></td>
</tr>

<tr>
<td align="left" colspan="3">
</td>
</tr>

<tr valign="top">
<td align="left" colspan="3"><a href="#tocc"><font face="Times New Roman, Times, Serif" size="2"><b>PART III &ndash; Documents Incorporated by Reference</b></font></a></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 10:</font></td>

<td align="left"><a href="#toc14"><font face="Times New Roman, Times, Serif" size="2">Directors, Executive Officers and Corporate Governance</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">97</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 11:</font></td>

<td align="left"><a href="#toc15"><font face="Times New Roman, Times, Serif" size="2">Executive Compensation</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">97</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 12:</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="2"><a href="#toc16">Security Ownership of Certain Beneficial Owners and Management and Related</a><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href="#toc16">Stockholder Matters</a></font></td>

<td valign="bottom" align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">98</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 13:</font></td>

<td align="left"><a href="#toc17"><font face="Times New Roman, Times, Serif" size="2">Certain Relationships and Related Transactions, and Director Independence</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">98</font></td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 14:</font></td>

<td align="left"><a href="#toc18"><font face="Times New Roman, Times, Serif" size="2">Principal Accountant Fees and Services</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">98</font></td>
</tr>

<tr>
<td align="left" colspan="3">
</td>
</tr>

<tr valign="top">
<td align="left"><a href="#tocd"><font face="Times New Roman, Times, Serif" size="2"><b>PART IV</b></font></a></td>

<td colspan="2">&nbsp;</td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0.25in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="2">Item 15:</font></td>

<td align="left"><a href="#toc19"><font face="Times New Roman, Times, Serif" size="2">Exhibits and Financial Statement Schedules</font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">99</font></td>
</tr>

<tr>
<td align="left" colspan="3">
</td>
</tr>

<tr valign="top">
<td style="TEXT-INDENT: 0in; TEXT-ALIGN: left" colspan="2"><font face="Times New Roman, Times, Serif" size="2"><b>SCHEDULE&nbsp;II&nbsp;&nbsp;&ndash;&nbsp;&nbsp;<a href="#toc20">Valuation and Qualifying Accounts</a></b></font> </td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">103</font></td>
</tr>

<tr>
<td align="left" colspan="3">
</td>
</tr>

<tr valign="top">
<td align="left" colspan="2"><a href="#toc21"><font face="Times New Roman, Times, Serif" size="2"><b>SIGNATURES</b></font></a></td>

<td align="right" width="40"><font face="Times New Roman, Times, Serif" size="2">104</font></td>
</tr>


<tr valign="top">
<td align="center" colspan="3"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font></td>
</tr>

<tr valign="top">
<td align="center" colspan="3"><font face="Times New Roman, Times, Serif" size="2">&nbsp;</font></td>
</tr>


<tr valign="top">
<td align="center" colspan="3"><font face="Times New Roman, Times, Serif" size="2">i</font></td>
</tr>

</table>

<table cellspacing="5" cellpadding="1" width="100%" align="left" border="0">
<tr valign="top">
<td align="left" colspan="3">
<br>



<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
<PAGE>
<hr align="center" width="95%" noshade size="2">
</div>

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div></div>
<!-- END-TOC --><!-- BEG-P1 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toca"></a>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><u><b><font size="2">PART I</font></b></u></p>
<a name="toc1"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 1</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Business</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">In this Report, we use the terms &ldquo;Company,&rdquo; &ldquo;ECD,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our,&rdquo; unless otherwise indicated or the context otherwise requires, to refer to Energy Conversion Devices, Inc. and its consolidated subsidiaries. A substantial portion of the Company&rsquo;s operations are conducted through subsidiaries controlled
by ECD. The Company is also a party to various joint venture arrangements that are not consolidated. Certain disclosures included in this Report constitute forward-looking statements that are subject to risks and uncertainties. See Item 1A, &ldquo;Risk Factors,&rdquo; and Item 7, &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations &ndash; Forward-Looking Statements.&rdquo;</font></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Overview</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We design, manufacture and sell photovoltaic (&ldquo;PV&rdquo;) products, known as PV or solar laminates, that generate clean, renewable energy by converting sunlight into electricity. Our solar laminates have unique characteristics that differentiate them from conventional crystalline solar modules, including physical flexibility, light weight, high durability and ease of
installation. These characteristics make our products particularly suitable for rooftop applications and building integrated ("BIPV"), which is our target market. We manufacture our solar laminates using a proprietary process and technology that we developed through nearly 30 years of research. To meet the increasing demand for our products, we are actively expanding our production capacity and have embarked on an expansion plan to reach 1GW of annual production capacity by
2012. Solar laminate sales represent more than 90% of our revenues. We also receive fees and royalties from licensees of our nickel metal hydride (&ldquo;NiMH&rdquo;) battery technology and sell high performance nickel hydroxide used in NiMH batteries.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our Business Segments</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We operate our business in two business segments: United Solar Ovonic and Ovonic Materials. Financial information regarding each segment is available in Note&nbsp;P, &ldquo;Business Segments,&rdquo; of the Notes to our Consolidated Financial Statements.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">United Solar Ovonic</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our United Solar Ovonic segment designs, manufactures and sells PV laminates that generate clean, renewable energy by converting sunlight into electricity. This business, which we conduct through our wholly owned subsidiary, United Solar Ovonic LLC, is based principally on our pioneering technologies for thin-film amorphous silicon PV laminates and low-cost, roll-to-roll
manufacturing.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our PV laminates possess several unique attributes that make them ideal for both rooftop and building integrated applications, including ability to be integrated with roofing materials; ability to qualify for special BIPV incentives; light weight; superior resistance to wind uplift; no roof penetration; high durability and impact resistance; and ease of installation. In
addition, our products</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">1</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P1 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2">generate more electricity in real world conditions than many competing products, resulting in higher returns for our customers.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We sell our PV laminates principally for commercial and industrial roofing applications. We believe that we have a strategic competitive advantage because our PV laminates are readily adaptable for integration into various roofing materials. We sell most of our laminates to commercial roofing materials manufacturers, builders and building contractors, and solar power
installers/integrators who incorporate our PV laminates into their products for commercial sale and then handle all aspects of the consumer relationship, including marketing, sales and service.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We have embarked on an expansion plan to reach 1GW of production capacity by 2012. We believe this expansion is necessary to accommodate the rapidly growing demand for our products and to align with our customers&rsquo; needs. We currently operate four manufacturing lines in Michigan, two in Auburn Hills and two in Greenville, totaling 118MW of nameplate capacity. We are
installing additional manufacturing lines in Greenville, Michigan that will bring our nameplate capacity to 178MW. We expect these lines to be operating at full capacity before the end of fiscal year 2009.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We manufacture our PV laminates using our proprietary vacuum deposition and large-scale, roll-to-roll manufacturing processes to deposit amorphous silicon as a thin film on a large roll of stainless steel. We design, develop and manufacture and have made the automated production equipment based on these proprietary process technologies. We believe our manufacturing process and
product design create significant barriers to entry for competitors who may seek to produce products similar to our own. We also believe that consolidating our PV equipment design and manufacturing activities with our PV laminate manufacturing activities allows us to more effectively improve our manufacturing efficiency and reduce capital costs.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We compete with companies that currently manufacture and distribute products based on well-established technologies for electricity generation, as well as companies that currently manufacture and distribute products based on alternative energy generation technologies, such as solar and wind. Our principal competitors in the solar market include Sharp Corporation, Q-Cells AG,
Evergreen Solar, Inc., Kyocera Corporation, Sanyo Electric Co., Ltd. (&ldquo;Sanyo&rdquo;), Sunpower Corp., Mitsubishi Electric Corporation and Suntech Power Holdings Co., Ltd., all of which manufacture predominantly crystalline or polycrystalline silicon PV modules, and First Solar, Inc., which manufactures thin film, cadmium telluride PV modules on glass substrates. The competitiveness of alternative energy generation products in general, including solar power products, is
typically enhanced by governmental incentives designed to encourage the use of these products as compared to conventional energy generation sources, which today are less expensive at the customer level in most locations. However, our long-term goal is to compete directly, without subsidies, in energy markets.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Historically, we entered into long-term supply agreements with certain of our customers that did not contain minimum firm purchase commitments. These orders were completed on a current basis via purchase orders issued by the customers as they required our PV products. Therefore, our backlog of customer orders was not significant nor was it a meaningful indicator of future
product sales. In order to increase visibility and certainty, and to plan our operations more efficiently, we have recently focused our efforts on long-term &ldquo;take-or-pay&rdquo; agreements that require</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">2</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P2 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2">the customer to purchase a specified minimum amount of our products. We have increased, and will continue to increase, the percentage for our products that are sold under take-or-pay agreements as we continue to pursue our strategy of demand-driven expansion. Therefore, our backlog of orders for PV products has increased as we have entered into more take-or-pay agreements.&nbsp; As of June 30,
2008, our backlog of anticipated product sales for fiscal years 2009 through 2013&nbsp;was approximately $1.5&nbsp;billion.&nbsp; The Company&rsquo;s estimate of anticipated product sales may be impacted by various assumptions, including price reductions, currency exchange rates and overall customer demand. Anticipated product sales include future firm commitments under take-or-pay agreements, confirmed orders from customers as of June 30, 2008 and government
contracts.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our strategic customers include Solar Integrated Technologies Inc. (&ldquo;SIT&rdquo;), Biohaus PV Handels GmbH (&ldquo;Biohaus&rdquo;), Alwitra Flachdach Systeme GmbH, Corus Bausysteme GmbH, Hoesch Contecna Systembau, Unimetal S.p.A., SunEdison, LLC, Advanced Green Technologies, Inc. (a unit of Advanced Roofing, Inc.) and Centrosolar AG. Sales to SIT represented 23%, 11% and
21%, respectively, of our product sales in this segment for&nbsp;fiscal years&nbsp;2008, 2007 and 2006.&nbsp; Sales to Biohaus were not significant for 2008 and represented 14% of our product sales in this segment for each of&nbsp;fiscal years&nbsp;2007 and 2006. Sales to Advanced Green Technologies represented 12% of our product sales for&nbsp;fiscal year&nbsp;2008.&nbsp; For information about our revenues by geographic region, see Note P, "Business Segments," to our Notes to
the Consolidated Financial Statements.&nbsp;&nbsp;&nbsp;</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our long-term research and development strategy involves reducing production costs, improving light-to-electricity conversion efficiency and identifying new commercial applications for our products. We seek to offset our research and development costs in this segment with third-party funding, including product development agreements and government funding. For example, in July
2007 we entered into a three-year cooperative agreement in which we will receive approximately $19 million from the Department of Energy under an innovative, new program, the Solar America Initiative, to increase the efficiency of our photovoltaic products, lower material costs and develop innovative installation methods in order to reduce overall system costs.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The key raw materials used in our United Solar Ovonic segment business are stainless steel; high purity industrial gases, primarily argon, nitrogen, hydrogen, silane and germane; and polymer materials. We believe that we have adequate sources for the supply of key raw materials and components for our PV laminate manufacturing needs. We have, in certain instances, selected
single-source suppliers for certain key raw materials and components for efficiency, cost and quality. The cost of certain raw materials, in particular stainless steel and resin-based polymer materials, has risen over the last several years, and we are actively managing these costs through purchasing strategies and product design and operating improvements. Our operations are not impacted by the current shortage of polysilicon (a key raw material for conventional PV products)
that is affecting most of our competitors through higher costs and limited availability.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our United Solar Ovonic segment is headquartered in Auburn Hills, Michigan, and has manufacturing facilities in Auburn Hills and Greenville, Michigan and Tijuana, Mexico.&nbsp; We maintain sales offices in Germany, Italy and the United States.</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">3</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P3 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Ovonic Materials</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our Ovonic Materials segment invents, designs and develops materials and products based on our pioneering materials science technology. We seek to commercialize this technology internally and through third-party relationships, such as licenses and joint ventures. We are presently commercializing our NiMH materials and consumer battery technology through this segment. We are
also engaged in pre-commercialization activities for our emerging technologies, the funding of which we seek to offset with royalties and licensing revenues from this segment and third-party funding, including product development agreements and government funding.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><i><font size="2">NiMH Batteries</font></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">NiMH batteries are rechargeable energy storage solutions offering high power, long cycle life and maintenance-free operation. They are adaptable to a broad range of consumer, transportation and stationary applications. Products utilizing our NiMH battery technology compete with lead-acid, nickel-cadmium and lithium battery technologies. NiMH batteries produce high energy and
power for their weight and volume; do not contain any environmentally hazardous substances; have excellent durability and abuse tolerance; have a long cycle life; and provide excellent cost benefits.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We commercialize our NiMH battery technology principally through our Cobasys joint venture (see &ldquo;Our Principal Joint Ventures &ndash; Cobasys&rdquo;) and third-party licensing arrangements with NiMH battery manufacturers throughout the world. We also sell proprietary high-performance positive electrode nickel hydroxide materials for use in NiMH batteries. We conduct our
NiMH battery technology licensing and materials manufacturing activities through our subsidiary Ovonic Battery Company, Inc., in which we have a 91.4% equity interest and the balance is owned by Honda Motor Company, Ltd. (3.2%), Sanoh Industrial Co., Ltd. (3.2%) and Sanyo (2.2%).</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">Licensing.</font></i> <font size="2">We have licensed our NiMH battery technology to NiMH battery manufacturers, principally for consumer applications, on a royalty-bearing, nonexclusive basis. We are presently receiving royalties from manufacturers who are currently producing NiMH batteries using our technology.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Prior to Cobasys&rsquo; formation, we entered into royalty-bearing, nonexclusive license agreements for the manufacture and sale of NiMH batteries for transportation applications. There are licensees that are presently manufacturing NiMH batteries for four-wheel vehicle transportation applications. Royalties from Sanyo for consumer and transportation applications represented
24%, 18% and 17%, respectively, of our revenues in this segment for the fiscal years ended June 30, 2008, 2007 and 2006.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">Materials Manufacturing.</font></i> <font size="2">We produce proprietary high-performance positive electrode nickel hydroxide materials for use in NiMH batteries, which we sell to licensees of our NiMH battery technology. Our positive electrode materials offer advantages such as higher capacity and power, greater cycle life, high-temperature performance and lower costs.
Sales to Gold Peak Industries represented 96%, 93% and 96%, respectively, of our NiMH materials product sales and 34%, 31% and 13%, respectively, of our total revenues in this segment for the fiscal years ended June 30,</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">4</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P4 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">2008, 2007 and 2006. We conduct our manufacturing operations at an automated facility in Troy, Michigan.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The key raw materials used in our nickel hydroxide business are primarily nickel and cobalt. All of the raw materials used are generally readily available from numerous sources, but interruptions in production or delivery of key raw materials could have an adverse impact on our manufacturing operations in this segment. Prices for these raw materials may fluctuate in the normal
course of business due to supply and demand. Our product pricing formula to our customers is based on the raw material price.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><i><font size="2">Emerging Technologies</font></i></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our research and development activities have generated new technologies, which we are seeking to bring to full-scale commercialization. These technologies, some of which are discussed below, are subject to further development and will require substantial additional funding to reach commercial product status. We seek to offset our funding requirements by obtaining third-party
funding through strategic alliances and government contracts.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">Ovonic Solid Hydrogen Storage Technologies</font></i><font size="2">. Hydrogen is a clean and efficient fuel source that yields more energy per unit of weight than any other combustible fuel, and we are developing a practical approach to storing hydrogen in a solid metal matrix at low pressures using a family of efficient metal hydrides. Our solid hydrogen storage solutions
have several advantages over conventional gaseous and liquid storage solutions, including improved weight and volumetric density and greater safety due to our technology&rsquo;s low-pressure refilling and storage capabilities. We are presently manufacturing pre-production volumes of portable hydrogen canisters in Rochester Hills, Michigan, and have sold over 3,500 canisters of various sizes to multiple customers since fiscal 2004.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">Ovonic Metal Hydride Fuel Cell Technologies</font></i><font size="2">. Fuel cells are environmentally-clean power generators in which hydrogen and oxygen are combined to produce electricity, with water and heat as the only byproducts. Our Ovonic metal hydride fuel cell technology is a proprietary approach that combines the best features of both fuel cell and battery
technologies for a new, lower cost solution in comparison to conventional proton exchange membrane (&ldquo;PEM&rdquo;) fuel cells, which require expensive platinum catalysts. As part of our development activities, we have demonstrated high power fuel stacks utilizing our metal hydride fuel cell technology that meet the power ratings of certain commercially-available fuel cells for the stationary market at a fraction of the cost.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><i><font size="2">Ovonic Biofuel Reformation Technologies</font></i><font size="2">. The production of low-cost hydrogen is a key for existing high-volume hydrogen users and potential future uses. Our Ovonic reformation technology produces pure hydrogen in a safe process from multiple biofuel and biomass sources at far lower operating temperatures than commercial processes without the
generation of carbon dioxide gas. Our proprietary process uses inexpensive catalysts and has the potential to dramatically reduce hydrogen cost to the end user through local hydrogen production at the point of use, thereby eliminating transportation costs and risks. We presently are seeking funding as we move from laboratory-scale production to pilot plant demonstration.</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">5</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P5 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our Principal Joint Ventures</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We presently have two principal joint ventures that are commercializing technologies we invented: Cobasys, which is manufacturing and selling rechargeable NiMH batteries primarily for transportation and stationary applications, and Ovonyx, which is commercializing phase-change memory devices through licensing arrangements and joint development agreements.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Cobasys</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our Cobasys joint venture designs, develops, manufactures and sells advanced NiMH battery system solutions for transportation markets, including hybrid electric vehicles (HEVs), in addition to stationary back-up power supply systems for uninterruptible power supply, telecommunication and distributed generation requirements. Cobasys presently manufactures and sells its advanced
NiMH battery system for several General Motors Corporation vehicles.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We have granted Cobasys a royalty-free, exclusive license to our NiMH battery technology for certain applications, including vehicle propulsion and ancillary vehicle applications, telecommunications applications and uninterruptible power supply applications. Certain licenses that we had entered into prior to Cobasys&rsquo; formation (as discussed above) were excepted from this
exclusivity, and we retain nonexclusive rights to manufacture in China and India cylindrical batteries for two- and three-wheeled transportation applications for sale worldwide.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our Ovonic Battery Company owns 50% of Cobasys, and Chevron Technology Ventures LLC (&ldquo;CTV&rdquo;), a subsidiary of Chevron Corporation, owns the remaining 50%. Cobasys operates independently of its joint venture partners, although each partner participates on Cobasys&rsquo; management board. As part of this joint venture arrangement, we have licensed certain technology
to Cobasys (as described below) and contributed intellectual property, licenses, production processes and know-how. CTV was funding Cobasys&rsquo; operations by acquiring a preferred interest in Cobasys, for which it is entitled to a priority right of repayment.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">In 2007, CTV and OBC agreed to explore strategic alternatives regarding Cobasys, which has resulted in us, OBC and CTV commencing negotiations for the sale of Cobasys with a potential buyer during early 2008. These negotiations have been ongoing, but we cannot assure that the proposed sale will be completed. If the proposed sale is not completed, without an agreed budget and
business plan and resolution of pending disputes that are the subject of arbitration between us and OBC and CTV, Cobasys may not be able to continue as a going concern. See Part I, Item III &ndash; Legal Proceedings and Item 1A &ndash; Risk Factors.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Cobasys is headquartered in Orion Township, Michigan, and has a 170,000 square foot state-of-the-art production facility with automated manufacturing equipment in Springboro, Ohio. The manufacturing facility is ISO/TS 16949, ISO 17025, ISO 9001:2000 and TL 9000 certified.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Ovonyx</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our Ovonyx joint venture is commercializing our proprietary Ovonic Universal Memory (&ldquo;OUM&rdquo;) technology through licensing and product development arrangements. OUM is a basic,</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">6</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P6 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">new type of nonvolatile memory that can replace conventional nonvolatile or FLASH memory in applications requiring retention of stored data when power is turned off, including cell phones, PDAs, digital cameras and microelectronics. OUM, which is also known in the semiconductor industry as phase-change random access memory (PRAM and PC-RAM), offers several advantages over
conventional nonvolatile memory, including significantly faster write time, greater scalability, lower power utilization and longer life, and is compatible with existing CMOS manufacturing processes.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We own 39.3% (or 30.3% on a fully diluted basis after giving effect to exercise of stock options and warrants) of the common stock of Ovonyx. As part of this joint venture arrangement, we have licensed all OUM technology to Ovonyx on an exclusive, worldwide basis and contributed intellectual property, licenses, production processes and know-how. In addition to our equity
interest in Ovonyx, we receive 0.5% of Ovonyx&rsquo; annual gross revenue as a royalty.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Ovonyx has entered into royalty-bearing, nonexclusive license agreements with Intel Corporation, Samsung Electronics Co., Ltd., Qimonda AG., Elpida Memory, Inc., STMicroelectronics N.V., BAE Systems and Nanochip, Inc. to produce OUM products. Under most of these agreements, Ovonyx is also participating in joint development programs to assist in the commercialization of OUM
phase-change memory products. Ovonyx has not yet realized any royalty revenues since its licensees have not begun commercial sales of products based on OUM.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our Technology and Intellectual Property</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The principal markets in which we compete &ndash; the alternative energy generation, energy storage and information technology markets &ndash; are characterized by rapid change and competition driven by technological and product performance advantages. We have driven some of this activity through our pioneering and proprietary materials, product and production process
technologies. At the same time, we are actively engaged in product design and development to commercialize and improve our materials, products and production processes.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Research and Development Expenditures</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our research and development expenditures are reflected as cost of revenues from product development agreements and product development and research expenses in our Statements of Operations in our Consolidated Financial Statements. We seek to offset our research and development costs with third-party funding, including joint ventures, product development agreements and
government funding.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Competition</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Since our businesses are based upon our pioneering technologies that offer fundamental solutions in the alternative energy generation, energy storage and information technology markets, we compete not only at the product level for market share but also at the technology level for market acceptance. Our competition includes well-established conventional technologies, other
alternative technology solutions and other technologies within an alternative solution. For example, our PV technology competes with conventional electricity generation technologies, such as gas and</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">7</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P7 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">coal; alternative electricity generation technologies, such as wind and nuclear; and other solar technologies, such as crystalline products. Our business competitors include some of the world&rsquo;s largest industrial companies, many of which are pursuing new technology solutions in addition to their well-established conventional technologies.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We believe that we have derived a key business and technological advantage through our research and development activities by continuously inventing new technologies and improving our existing materials, products and production processes. However, even as we successfully pursue these research and development activities, some of our technologies, particularly in the alternative
energy generation and energy storage markets, presently face commercial barriers as compared to well-established conventional technologies, including infrastructural barriers, customer transition costs and higher manufacturing costs associated with present production volumes. The competitiveness of products based on our technologies in these areas is typically enhanced by external factors, including rising energy costs, concerns regarding energy security and governmental
incentives at the customer level. Our long-term goal is to compete directly in energy markets without subsidies.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><u><i><font size="2">Patents and Intellectual Property</font></i></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We maintain an extensive patent portfolio presently consisting of over 300 U.S. patents and over 400 foreign counterparts (including patents assigned to a joint venture partner), to which we are regularly adding new patents based upon our continuing research and development activities. Importantly, our portfolio includes numerous basic and fundamental patents applicable to
each of our business segments, covering not only materials, but also the production technology and products we develop. Based on the breadth and depth of our patent portfolio, we believe that our proprietary patent position is sustainable notwithstanding the expiration of certain patents. We do not expect the expiration of any patents to materially affect the business prospects of any of our business segments.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our Employees</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">As of August&nbsp;26, 2008, we and our consolidated subsidiaries had a total of 1,090 employees in the U.S. and 678 employees outside of the U.S. These numbers do not include employees of our joint ventures or licensees.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Available Information</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our website address is www.ovonic.com. We make available on our website our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the
Securities and Exchange Commission (&ldquo;SEC&rdquo;). We also make available on our website, or in printed form upon request, free of charge, our Corporate Governance Guidelines, Code of Business Conduct and Ethics, charters for the committees of our Board of Directors and other information related to the Company. The information found on our website is not part of this or any other report we file with, or furnish to, the SEC.</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">8</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P8 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc2"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="336" border="0">
<tr>
<td valign="bottom" width="67">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 1A</font></b></u><b><font size="2">:</font></b></p>
</td>

<td valign="top" width="269">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Risk Factors</font></b></u></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We have a history of losses and our future profitability is uncertain; the failure to maintain sustainable profitability could have a material adverse effect on our business, results of operations, financial condition and cash flows.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Since our inception, we have incurred significant net losses. Principally as a result of ongoing operating losses, we had an accumulated deficit of $325.2&nbsp;million as of June&nbsp;30, 2008. However, we generated net income of $3.9&nbsp;million for the year ended June 30, 2008, and our goal is to operate our business in such a way that such profitability is sustainable over the
long term. Nonetheless, we may be unable to sustain or increase our profitability in the future, which in turn could materially and adversely impact our ability to repay the notes and could materially decrease the market value of our common stock (and as a result, the value of our notes). We expect to continue to make significant capital expenditures and anticipate that our expenses will increase as we seek to:</font></p>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">expand our manufacturing operations, whether domestically or internationally;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">service our debt obligations;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">develop our distribution network;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">continue to research and develop our products and manufacturing technologies;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">implement internal systems and infrastructure to support our growth;&nbsp;and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">retain key members of management, retain other personnel and hire additional personnel.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We do not know whether our revenue will grow at all or grow rapidly enough to absorb these costs, and our limited operating history under our current business strategy and new management team makes it difficult to assess the extent of these expenses or their impact on our operating results. If we fail to sustain profitability, our business, results of operations, financial
condition and cash flows could be materially adversely affected.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We expect that we will need to make significant capital expenditures to increase our production capacity, and financing may be unavailable or available only on disadvantageous terms.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">In the past, we have experienced substantial losses and negative cash flow from operations and have required financing in order to pursue the commercialization of products based on our technologies. We expect that we will continue to need financing to operate our business and for capital expenditures to expand our production capacity. There can be no assurance that the proceeds
from our recent convertible senior notes offering and concurrent equity offering will be sufficient to fund our manufacturing capacity in our United Solar Ovonic segment from the current 118 MW to 300 MW by 2010 and 1GW by 2012. If additional financing is necessary, there can be</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">9</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P9 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">no assurance that such additional financing will be available or that the terms of such additional financing, if available, will be acceptable to us. If additional financing is not available or not available on terms acceptable to us, our ability to fund our operations, develop and expand our manufacturing operations and distribution network, maintain our research and development
efforts or otherwise respond to competitive pressures may be significantly impaired.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our expansion plans require significant engineering efforts, timely delivery of manufacturing equipment and dedicated management attention.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our future success depends, to a large extent, on our ability to expand our production capacity. If we are unable to do so, we will not be able to attain the desired level of economies of scale in our operations or cut the marginal production cost to the level necessary to effectively maintain our pricing and other competitive advantages. We expect that we will make substantial
capital expenditures for our future growth. This expansion has required, and will continue to require, significant engineering efforts, timely delivery of manufacturing equipment and dedicated management attention, and is subject to significant risks and uncertainties, including:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">We may experience cost overruns, construction delays, equipment problems, including delays in manufacturing equipment deliveries or deliveries of equipment that is damaged or does not meet our specifications, and other operating difficulties;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">We will be required to obtain governmental approvals, permits or documents of similar nature with respect to any new expansion projects, but it is uncertain whether such approvals, permits or documents will be obtained in a timely manner or at all and;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">We may not have sufficient management resources to properly oversee capacity expansion as currently planned.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Any of these or similar difficulties could significantly delay or otherwise constrain our ability to undertake our capacity expansion plans as currently planned, which in turn would limit our ability to increase sales, reduce marginal manufacturing costs or otherwise improve our prospects and profitability.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We rapidly are expanding our manufacturing capacity for solar energy products in order to meet expected demand, and our revenue and profits will depend upon our ability to successfully complete this expansion and then to sell our solar energy products at higher volumes to match our expanded capacity.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We plan to continue the expansion of our manufacturing capacity from the current nameplate capacity of 118MW to an expected nameplate capacity of 300MW by 2010 and reaching 1GW by 2012. This expansion plan includes adding new facilities in Greenville, Michigan, Tijuana, Mexico and Tianjin, China and other locations to be determined. We are designing, developing, manufacturing,
installing and testing the equipment for this expansion internally and through third parties. We may experience delays, additional or unexpected costs and other adverse events in connection with our capacity expansion projects, including those associated with the equipment we are providing. For example, we source some of the equipment that we use in our manufacturing</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">10</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P10 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2">process from single source suppliers. Additionally, there can be no assurance that market demand will align with our expanding manufacturing capacity or that our marketing capabilities at the expanded manufacturing volumes will be successful. As a result, we may not be able to realize revenue and profits based upon the expected additional capacity, or we may experience delays or reductions in these
revenue and profits, and our business could be materially adversely affected.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We have international operations, which we are expanding, that are vulnerable to risks associated with doing business in foreign countries.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We have a PV laminate manufacturing facility in Tijuana, Mexico, and have established a joint venture in Tianjin, China, to manufacture PV laminates. Also, a portion of our expenses are denominated in currencies other than U.S. dollars. International operations and transactions are subject to certain risks inherent in doing business abroad, including:</font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the potential that we may be forced to forfeit, voluntarily or involuntarily, foreign assets due to economic or political instability in the countries in which we choose to locate our manufacturing facilities;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">difficult and expensive compliance with the commercial and legal requirements of international markets;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">difficulty in interpreting and enforcing contracts governed by foreign law, which may be subject to multiple, conflicting and changing laws, regulations and tax systems;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">inability to obtain, maintain or enforce intellectual property rights;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">encountering trade barriers such as export requirements, tariffs, currency exchange controls, taxes and other restrictions and expenses, which could affect the competitive pricing of our solar laminates and reduce our market share in some countries;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">being subjected to additional withholding taxes or other tax on our foreign income or tariffs and other restrictions on foreign trade and investment, including currency exchange controls;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">being subjected to fluctuations in exchange rates which may affect product demand and may affect our profitability in U.S.&nbsp;dollars to the extent the price of our solar laminates and cost of raw materials, labor and equipment is denominated in a foreign currency;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">limitations on dividends or restrictions against repatriation of earnings;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">difficulty in recruiting and retaining individuals skilled in international business operations;&nbsp;and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">increased costs associated with maintaining international marketing efforts.</font></p>
</td>
</tr>
</table>
</div>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">11</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P11 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">In addition, since expanding our business globally is an important element of our strategy, our exposure to these risks will be greater in the future. The likelihood of such occurrences and their potential effect on us vary from country to country and are unpredictable. However, any such occurrences could be harmful to our business and our profitability.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Certain equipment purchases are denominated in foreign currency.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">As noted above, we are planning on making substantial capital expenditures as part of our expansion plan. A portion of the equipment associated with the expansion plan is purchased from a manufacturer in Japan and the contracts are payable in yen. As of June 30, 2008, we have commitments to purchase equipment totaling approximately 3.49 billion yen ($32.6 million). A substantial
change in the exchange rate between the dollar and the yen between the time the contracts are entered into and the time payments on the equipment are due could adversely impact the cost of the equipment. Presently, we have entered into forward contracts for approximately 771 million yen to mitigate the risk associated with changes in exchange rates between the dollar and the yen.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We face intense competition from other companies producing solar energy and other renewable energy products.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The solar energy market is intensely competitive and rapidly evolving. The number of solar energy product manufacturers is rapidly increasing due to the growth of actual and forecast demand for solar energy products and the relatively low barriers to entry. If we fail to attract and retain customers in our target markets for our current and future core products, namely solar
laminates, we will be unable to increase our revenue and market share. Some of our competitors have established more prominent market positions, and if we fail to attract and retain customers and establish successful distribution networks in our target markets for our products, we will be unable to increase our sales. Our competitors include Sharp Corporation, Q-Cells AG, Evergreen Solar, Inc., Kyocera Corporation, Sanyo Electric Co., Ltd., Sunpower Corp., Mitsubishi Electric
Corporation and Suntech Power Holdings Co., Ltd., all of which currently manufacture predominantly crystalline or polycrystalline silicon solar energy laminates, and First Solar, Inc., which currently manufactures thin film, cadmium telluride solar energy laminates on glass substrates.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We may also face competition from new entrants to the solar energy market, including those that offer more advanced technological solutions or that have greater financial resources. A significant number of our competitors are developing or currently producing products based on more advanced solar energy technologies, including amorphous silicon, string ribbon and nano
technologies, which may eventually offer cost advantages over the technologies currently used by us. A widespread adoption of any of these technologies could result in a rapid decline in our position in the solar energy market and our revenue if we fail to adopt such technologies. Furthermore, the entire solar energy industry also faces competition from conventional energy and non-solar renewable energy providers. Due to the relatively high manufacturing costs compared to most other
energy sources, solar energy is generally not competitive without government incentive programs.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Many of our existing and potential competitors have substantially greater financial, technical, manufacturing and other resources than we do. Our competitors&rsquo; greater size in some cases</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">12</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P12 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">provides them with a competitive advantage with respect to manufacturing costs because of their economies of scale and their ability to purchase raw materials at lower prices. As a result, those competitors may have stronger bargaining power with their suppliers and may have an advantage over us in negotiating favorable pricing, as well as securing supplies in times of shortages.
Many of our competitors also have greater brand name recognition, more established distribution networks and larger customer bases. In addition, many of our competitors have well-established relationships with our current and potential distributors and have extensive knowledge of our target markets. As a result, they may be able to devote more resources to the research, development, promotion and sale of their products or respond more quickly to evolving industry standards and
changes in market conditions than we can. Our failure to adapt to changing market conditions and to compete successfully with existing or new competitors may materially and adversely affect our financial condition and results of operations.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Demand for our products may be adversely affected by the current economic and credit environment.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The United States and international economies recently have experienced (and continue to experience) a period of slow economic growth. A near-term economic recovery is uncertain. In particular, the current credit and housing crises, the increase in U.S. sub-prime mortgage defaults, terrorist acts and similar events, continued turmoil in the Middle East or war in general could
contribute to a slowdown of the market demand for products that require significant initial capital expenditures, including demand for solar laminates and new residential and commercial buildings. If the economic recovery slows down as a result of the recent economic, political and social turmoil, or if there are further terrorist attacks in the United States or elsewhere, we may experience decreases in the demand for our solar power products, which may harm our operating
results.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">For example, we have benefited from historically low interest rates that have made it more attractive for our customers to use credit to purchase our products. Interest rates have fluctuated recently, which could increase the cost of financing these purchases and may reduce our customers&rsquo; profits and investors&rsquo; expected returns on investment. Given the current credit
environment, particularly the tightening of the credit markets, there can be no assurance that our customers will be able to borrow money on a timely basis or on reasonable terms, which could have a negative impact on their demand for our products. Our sales are affected by interest rate fluctuations and the availability of liquidity, and would be adversely affected by increases in interest rates or liquidity constraints. Rising interest rates may also make certain alternative
investments more attractive to investors, and therefore lead to a decline in demand for our solar products, which could have a material adverse effect on our business, results of operations, financial condition and cash flows.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Demand for our products is affected by existing regulations concerning the electrical utility industry; changes to such regulations may present technical, regulatory and economic barriers to the purchase and use of solar power products, which may significantly reduce demand for our products.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The market for electricity generation products is influenced heavily by foreign, federal, state and local government regulations and policies concerning the electric utility industry, as well as internal policies and regulations promulgated by electric utilities. These regulations and policies</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">13</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P13 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">often relate to electricity pricing and technical interconnection of customer-owned electricity generation. In the United States (at both the national level and the state and local level) and in a number of other countries, these regulations and policies are being modified and may continue to be modified.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Customer purchases of, or further investment in the research and development of, alternative energy sources, including solar power technology, could be deterred by these regulations and policies, which could result in a significant reduction in the potential demand for our solar power products. For example, utility companies commonly charge fees to larger, industrial customers for
disconnecting from the electric grid or for having the capacity to use power from the electric grid for back-up purposes. These fees could increase the cost to our customers of using our solar power products and make them less desirable, thereby harming our business, prospects, results of operations and financial condition.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We anticipate that our solar power products and their installation will be subject to oversight and regulation in accordance with national, state and local laws and ordinances relating to building codes, safety, environmental protection, utility interconnection and metering and related matters. There is also a burden in having to track the requirements of individual countries and
states and design equipment to comply with the varying standards. Any new government regulations or utility policies pertaining to our solar power products may result in significant additional expenses to us and our resellers and their customers and, as a result, could cause a significant reduction in demand for our solar power products.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We receive a significant portion of our revenues from a small number of customers.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We historically have entered into agreements with a relatively small number of major customers throughout the world. Our five largest customers represented approximately 50%, 40% and 47% of our total revenue for the fiscal years ended June&nbsp;30, 2008, 2007 and 2006, respectively. Any loss or material reduction in sales to any of our top customers, especially Solar Integrated
Technologies, Inc., would be difficult to recoup from other customers and could have an adverse effect on our sales, results of operations, financial condition and cash flows.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">The reduction or elimination of government incentives related to solar power could cause our revenues to decline.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Today, the cost of solar power exceeds the cost of power furnished by the electric utility grid in most locations. As a result, federal, state and local government bodies in many countries, most notably Germany, Japan, Italy, Spain, France, Greece and the United States, have provided incentives in the form of rebates, tax credits and other incentives to end users, distributors,
system integrators and manufacturers of solar power products to promote the use of solar energy to reduce dependency on other forms of energy. These government economic incentives could be reduced or eliminated. Reductions in, or eliminations or expirations of, incentives related to solar power could result in decreased demand for our solar laminates and lower our revenue.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">14</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P14 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We must continue to develop and market new and innovative products and there can be no assurance that such efforts will be successful.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our financial performance depends in part on our ability to enhance our existing solar laminates, develop new and innovative products and product applications, and adopt or develop new technologies that continue to differentiate our products from those of our competitors. The continued demand for our solar laminates is premised in part on the features of our solar laminates that
distinguish them from the solar laminates of our competitors and the resulting unique product applications. These features included physical flexibility, the ability of our laminates to be integrated with roofing materials, light weight, superior resistance to wind lift, durability, no roof penetration and ease of installation. There are companies using similar or competitive technologies that have introduced or announced plans to introduce solar laminates incorporating some or all
of these features. In addition, all solar laminates compete based on efficiency and significant advances in the efficiency of the solar laminates of our competitors also could provide them with a competitive advantage. If we fail to enhance our existing solar laminates, develop new and innovative products and product applications, or adopt or develop new technologies that continue to differentiate our products from those of our competitors, our business, financial condition and
results of operations could be adversely affected.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">The expansion of our business into new markets, such as residential, may increase our exposure to certain risks, including class action claims.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We are developing new applications of our solar technology, including solar laminates to be integrated into residential roofing materials. Our new solar technology applications may not gain market acceptance and we may not otherwise be successful in entering new markets, including the market for residential applications. Moreover, entry into new markets may increase our exposure
to certain risks that we currently face or expose us to new risks. For example, the residential construction market for solar energy systems is exposed to different risks than the commercial construction markets, including more acute seasonality, sensitivity to interest rates and other macroeconomic conditions, as well as enhanced legal exposure. In particular, new home developments can result in class action litigation when one or more homes in a development experience problems
with roofing or power systems. If we enter the residential market and experience product failures that create property damage or personal injury, we may be exposed to greater liability of a different nature than with respect to product failures in commercial building applications.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We have focused our business strategy on, and invested significant financial resources in, the BIPV segment of the PV market and there is no guarantee that the demand for BIPV systems will develop as we anticipate.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our current business strategy rests on increasing demand for BIPV systems. We believe that there has been an increase in demand for BIPV systems based in part on increasing interest and customer support from the building industry, solar customers and governments. As a result, we have invested, and will continue to invest, significant financial resources in the production and
commercialization of our solar laminates for BIPV systems. If the BIPV segment does not develop as we anticipate, or takes longer to develop than we anticipate, we may experience difficulties</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">15</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P15 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">implementing our growth and business targets. This in turn could adversely impact our business, financial condition and results from operations.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We may be unable to obtain key raw materials that meet our quality, quantity and cost requirements.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The key raw materials used in our business are stainless steel, resin-based polymers, nickel and high purity industrial gases, primarily argon, nitrogen, hydrogen, silane and germane. Most of our key raw materials are readily available from numerous sources, however we have, in certain instances, selected single-source suppliers for certain key raw materials and components for
efficiency, cost and quality. Our supply chain and operations could be adversely impacted by the failure of the suppliers of the single-sourced materials to provide us with the raw materials that meet our quality, quantity and cost requirements. In addition, significant shortages or price increases in raw materials that are not single-sourced may adversely impact our business. For example, the operations of many of our competitors that produce conventional solar energy products have
been adversely impacted by the current shortage of polysilicon (a key raw material for conventional solar energy products), which has caused prices for those materials to rise and limited availability of materials for manufacturing needs. Similarly, the cost of certain raw materials, in particular stainless steel and resin-based polymer materials, has risen over the last several years, which has impacted and may continue to impact our operations. Any constraint on our production may
cause us to be unable to meet our obligations under customer purchase orders, and any increase in the price of raw materials could constrain our margins, either of which would adversely impact our financial results.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We actively manage our raw materials and other supply costs through purchasing strategies and product design and operating improvements, however our management may not always be effective, which could adversely impact our supply chain and financial condition. Some of our suppliers may be unable to supply our increasing demand for raw materials and components as we implement our
planned increase in production capacity. In such event, we may be unable to identify new suppliers or qualify their products for use on our production lines in a timely manner and on commercially reasonable terms. Raw materials and components from new suppliers also may be less suited for our technology and yield solar laminates with lower conversion efficiencies, higher failure rates and higher rates of degradation than solar laminates manufactured with the raw materials from our
current suppliers. Our failure to obtain raw materials and components that meet our quality, quantity and cost requirements in a timely manner could interrupt or impair our ability to manufacture our solar laminates or increase our manufacturing cost.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><b><font size="2">Significant warranty and product liability claims could adversely affect our business and results of operations.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We may be subject to warranty and product liability claims in the event that our solar laminates fail to perform as expected or if a failure of our solar laminates results, or is alleged to result, in bodily injury, property damage or other damages. Since our solar laminates are electricity producing devices, it is possible that our products could result in injury, whether by
product malfunctions, defects, improper installation or other causes. In addition, because the products we are developing incorporate new technologies and use new installation methods, we cannot predict whether or not product liability claims will be brought against us in the future or the effect of any</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">16</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P16 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">resulting negative publicity on our business. Moreover, we may not have adequate resources in the event of a successful claim against us.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our current standard product warranty for our solar laminates includes a 20-year warranty. We believe our warranty periods are competitive with industry practice. Due to the long warranty period and our proprietary technology, we bear the risk of extensive warranty claims long after we have shipped product and recognized revenue. Although we test our solar power products for
reliability and durability, we cannot ensure that we effectively simulate the 20-year warranty period. Any increase in the defect rate of our products would cause us to increase the amount of warranty reserves and have a corresponding negative impact on our results.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">A successful warranty or product liability claim against us that is not covered by insurance or is in excess of our available insurance limits could require us to make significant payments of damages. In addition, quality issues can have various other ramifications, including delays in the recognition of revenue, loss of revenue, loss of future sales opportunities, increased costs
associated with repairing or replacing products, and a negative impact on our goodwill and reputation. The possibility of future product failures could cause us to incur substantial expenses to repair or replace defective products. Furthermore, widespread product failures may damage our market reputation and reduce our market share and cause sales to decline.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">The conversion rate of our outstanding convertible debt is dependent upon the trading price of our common stock and thus the dilutive impact of the future converted shares cannot be predicted.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Except in the instance of specific events such as the sale of all of our assets or us being acquired by another company, the debt is not convertible until March&nbsp;15, 2013. The conversion rate of our convertible debt is dependent upon the trading price of our common stock for a period of 20 trading days prior to the conversion. Since we cannot predict the future trading price
of our common stock, we cannot estimate the number of shares that will be issued at the time of conversion and the effect of those shares on the trading price of the common stock or the effect on earnings per share.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">If we lose key personnel or are unable to attract and retain qualified personnel to maintain and expand our business, our business, financial condition, results of operations and prospects could be adversely affected.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our efforts to transform from a multi-faceted research and development company to a solar power-focused commercial enterprise is being led by our recently reorganized management team, including Mark Morelli, Joseph Conroy, Mike Fetcenko, Subhendu Guha, Jay Knoll, Arthur Rogers, Marcelino Susas, Tom Toner and Corby Whitaker. Our success is highly dependent on the continued services
of these individuals and of a limited number of skilled managers, scientists and technicians. The loss of any of these individuals could have a material adverse effect on us. In addition, our success will depend upon, among other factors, the recruitment and retention of additional highly skilled and experienced management and technical personnel. There can be no assurance that we will be able to retain existing employees or to attract and retain additional personnel on acceptable
terms given the competition for such personnel in industrial, academic and nonprofit research sectors.</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">17</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P17 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We may become subject to legal or regulatory proceedings which may reach unfavorable resolutions.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">We are involved in legal proceedings arising in the normal course of business. Due to the inherent uncertainties of legal proceedings, the outcome of any such proceeding could be unfavorable, and we may choose to make payments or enter into other arrangements, to settle such proceedings. Failure to settle such proceedings could require us to pay damages or other expenses, which
could have a material adverse effect on our financial condition or results of operations. We have been subject to legal proceedings in the past involving the validity and enforceability of certain of our patents. While such patent-related legal proceedings have been resolved, such proceedings can require the expenditure of substantial management time and financial resources and can adversely affect our financial performance. There can be no assurance that we will not be a party to
other legal proceedings in the future.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">We are subject to a variety of federal, state and local laws, rules and regulations related to the discharge or disposal of toxic, volatile or other hazardous chemicals.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Although we believe that we are in compliance with these laws, rules and regulations, the failure to comply with present or future regulations could result in fines, suspension of production or cessation of operations. Third parties may also have the right to sue to enforce compliance. Moreover, it is possible that increasingly strict requirements imposed by environmental laws and
enforcement policies thereunder could require us to make significant capital expenditures.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">The operation of a manufacturing plant entails the inherent risk of environmental damage or personal injury due to the handling of potentially harmful substances. There can be no assurance that we will not incur material costs and liabilities in the future because of an accident or other event resulting in personal injury or unauthorized release of such substances to the
environment. In addition, we generate hazardous materials and other wastes that are disposed of at licensed disposal facilities. We may be liable, irrespective of fault, for material cleanup costs or other liabilities incurred at these facilities in the event of a release of hazardous substances by such facilities into the environment.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><b><font size="2">Our success depends in part upon our ability to protect our intellectual property and our proprietary technology including our trade secrets and other confidential information.</font></b></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2">Our success depends in part on our ability to obtain and maintain intellectual property protection for products based on our technologies. Our policy is to seek to protect our products and technologies by, among other methods, filing United States and foreign patent applications related to our proprietary technology, inventions and improvements. The patent positions of companies
like ours are generally uncertain and involve complex legal and factual questions. Our ability to maintain our proprietary position for our technology will depend on our success in obtaining effective patent claims and enforcing those claims once granted. We do not know whether any of our patent applications will result in the issuance of any patents. Our issued patents and those that we may issue in the future may be challenged, invalidated, rendered unenforceable or circumvented,
which could limit our ability to stop competitors from marketing related products or the length of term of patent protection that we may have for our products and technologies. In addition, the rights granted under any issued patents may not provide us with competitive</font></p>
<br>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font face="Times New Roman, Times, Serif" size="2">18</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P18 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2">advantages against competitors with similar products or technologies. Furthermore, our competitors may independently develop similar technologies or duplicate technology developed by us in a manner that does not infringe our patents or other intellectual property. Because of the extensive time required for development and commercialization of products based on our technologies, it
is possible that, before these products can be commercialized, any related patents may expire or remain in force for only a short period following commercialization, thereby reducing any advantages of these patents and making it unlikely that we will be able to recover investments we have made to develop our technologies and products based on our technologies.</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In addition to patent protection, we also rely on protection of trade secrets, know-how and confidential and proprietary information. To maintain the confidentiality of trade secrets and proprietary information, we have entered into confidentiality agreements with our employees, agents and consultants upon the commencement of their relationships with us. These
agreements require that all confidential information developed by the individual or made known to the individual by us during the course of the individual&rsquo;s relationship with us be kept confidential and not disclosed to third parties. Our agreements with employees also provide that inventions conceived by the individual in the course of rendering services to us will be our exclusive property. Individuals with whom we have these agreements may not comply with their terms. In
the event of the unauthorized use or disclosure of our trade secrets or proprietary information, these agreements, even if obtained, may not provide meaningful protection for our trade secrets or other confidential information. To the extent that our employees or consultants use technology or know-how owned by others in their work for us, disputes may arise as to the rights in related inventions. Adequate remedies may not exist in the event of unauthorized use or disclosure of our
confidential information. The disclosure of our trade secrets would impair our competitive position and could have a material adverse effect on our operating results, financial condition and future growth prospects.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">We may be involved in lawsuits to protect or enforce our patents, which could be expensive and time consuming.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Competitors may infringe our patents. To counter infringement or unauthorized use, we may be required to file patent infringement claims, which can be expensive and time-consuming. In addition, in an infringement proceeding, a court may decide that a patent of ours is not valid or is unenforceable, or may refuse to stop the other party from using the technology at
issue on the grounds that our patents do not cover its technology. An adverse determination of any litigation or defense proceedings could put one or more of our patents at risk of being invalidated or interpreted narrowly and could put our patent applications at risk of not issuing.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Interference proceedings brought by the United States Patent and Trademark Office may be necessary to determine the priority of inventions with respect to our patent applications. Litigation or interference proceedings may fail and, even if successful, may result in substantial costs and be a distraction to our management. We may not be able to prevent
misappropriation of our proprietary rights, particularly in countries where the laws may not protect such rights as fully as in the United States.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Furthermore, because of the substantial amount of discovery required in connection with intellectual property litigation, there is a risk that some of our confidential information could be</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">19</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P19 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">compromised by disclosure. In addition, during the course of this litigation, there could be public announcements of the results of hearings, motions or other interim proceedings or developments. If securities analysts or investors perceive these results to be negative, it could have a substantial adverse effect on the price of our common stock.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We may not prevail in any litigation or interference proceeding in which we are involved. Even if we do prevail, these proceedings can be expensive and distract our management.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Third parties may own or control patents or patent applications that are infringed by our products or technologies.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our success depends in part on avoiding the infringement of other parties&rsquo; patents and proprietary rights. In the United States and most other countries, patent applications are published 18 months after filing. As a result, there may be patents of which we are unaware, and avoiding patent infringement may be difficult. We may inadvertently infringe
third-party patents or patent applications. These third parties could bring claims against us that, even if resolved in our favor, could cause us to incur substantial expenses and, if resolved against us, could additionally cause us to pay substantial damages. Further, if a patent infringement suit were brought against us, we and our joint venture partners and licensees could be forced to stop or delay research, development, manufacturing or sales of products based on our
technologies in the country or countries covered by the patent we infringe, unless we can obtain a license from the patent holder. Such a license may not be available on acceptable terms, or at all, particularly if the third party is developing or marketing a product competitive with products based on our technologies. Even if we were able to obtain a license, the rights may be nonexclusive, which would give our competitors access to the same intellectual property.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We also may be required to pay substantial damages to the patent holder in the event of an infringement. Under some circumstances in the United States, these damages could be triple the actual damages the patent holder incurs. If we have supplied infringing products to third parties for marketing or licensed third parties to manufacture, use or market infringing
products, we may be obligated to indemnify these third parties for any damages they may be required to pay to the patent holder and for any losses the third parties may sustain themselves as the result of lost sales or damages paid to the patent holder.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Any successful infringement action brought against us may also adversely affect marketing of products based on our technologies in other markets not covered by the infringement action. Furthermore, we may suffer adverse consequences from a successful infringement action against us even if the action is subsequently reversed on appeal, nullified through another
action or resolved by settlement with the patent holder. The damages or other remedies awarded, if any, may be significant. As a result, any infringement action against us would likely harm our competitive position, be costly and require significant time and attention of our key management and technical personnel.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">20</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P20 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Compliance with environmental regulations can be expensive, and noncompliance with these regulations may require us to</font></b> <b><font size="2">pay substantial fines, suspend production or cease operations.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The operation of our manufacturing facilities entails the use and handling of potentially harmful substances, including toxic and explosive gases that pose inherent risks of environmental damage or personal injury. Although we believe that we are in material compliance with environmental regulations, rules and regulations, there can be no assurance that we will not
incur material costs and liabilities in the future because of an accident or other event resulting in personal injury or unauthorized release of such substances to the environment. We may be liable, irrespective of fault, for material cleanup costs or other liabilities incurred at these facilities in the event of a release of hazardous substances into the environment by our operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">For example, our manufacturing process involves the controlled storage and use of silane and germane, both of which are toxic and combustible. Although we have rigorous safety procedures for handling these materials, the risk of accidental injury from such hazardous materials cannot be completely eliminated. If we have an accident at one of our facilities involving
a release of these substances, we may be subject to civil and/or criminal penalties, including financial penalties and damages, and possibly injunctions preventing us from continuing our operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In addition, it is possible that increasingly strict requirements imposed by environmental laws and enforcement policies could require us to make significant capital expenditures. To date such laws and regulations have not had a significant impact on our operations, and we believe that we have all necessary permits to conduct operations as they are presently
conducted. If more stringent laws and regulations are adopted in the future, the costs of compliance with these new laws and regulations could be substantial. The failure to comply with present or future regulations could result in fines, third party lawsuits, suspension of production or cessation of operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Our Cobasys affiliate faces uncertain prospects and is the subject of a pending arbitration the outcome of which is uncertain but may expose us to material liability if not settled or resolved favorably.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Cobasys, our joint venture formed to commercialize our NiMH battery technology, has generated losses since its formation. Cobasys had losses of approximately $74 million and obtained funding of approximately $84 million in 2007, and in January 2008 Cobasys management forecast losses of approximately $82-86 million and funding requirements of approximately $92-94
million for 2008. The two members of Cobasys &mdash; OBC and CTV &mdash; have not approved a 2008 business plan and budget nor been able to agree on a solution to Cobasys&rsquo; business issues or whether Cobasys should continue as a going concern if it cannot be sold in the near future. Until September 2007, CTV historically funded Cobasys&rsquo; loss-generating operations through the purchase of preferred interests cumulating in excess of $168 million. From October 2007 through
January 2008, CTV declined to purchase preferred interests and funded Cobasys in a manner that in our view violated the December 2, 2004 agreement among us, OBC and CTV that governs Cobasys (the &ldquo;Operating Agreement&rdquo;) and applicable Michigan law. Since February 2008, Cobasys has received funding support from a customer in the form of a loan for capital equipment purchases and a price increase on products sold to the customer. There is no assurance that this customer
funding support will</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">21</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P21 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">continue on these or other terms, what the future funding requirements may be or that the support, if provided, will otherwise be sufficient to permit Cobasys to continue as a going concern.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On September 10, 2007, CTV issued a notice of dispute and filed claims in arbitration against us and OBC relating to Cobasys. CTV&rsquo;s original arbitration claim asserted damages in the amount of $162 million and sought injunctive and other relief and alleged that we and OBC breached and anticipatorily repudiated obligations to provide certain funding to Cobasys
under the Operating Agreement. CTV subsequently filed a supplemental notice of dispute amending its claims to assert that we and OBC had dishonored CTV&rsquo;s preferred interest in Cobasys and that OBC had breached its obligation to use diligent efforts to approve a 2008 annual budget for Cobasys. At a hearing on January 28-29, 2008, CTV requested that the arbitrator declare that we and OBC be obligated to fund our share of Cobasys&rsquo; necessary costs and expenses through
capital contributions favored by CTV but opposed by OBC. We and OBC requested that the arbitrator declare that under the Operating Agreement neither Cobasys member is required to make any capital contribution absent a unanimously approved annual budget and an agreement by the members that a capital contribution must be made. Since the operating costs and expenses of Cobasys are uncertain, we are unable to assess the magnitude of our liability if CTV&rsquo;s request is granted,
however such liability could be material.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">However, prior to any ruling by the arbitrator on these competing claims, the parties suspended the arbitration pursuant to an interim settlement agreement among us, OBC and CTV in order to pursue the potential sale of Cobasys to a third party. Sale negotiations have been ongoing during which the parties to the arbitration have repeatedly amended the interim
settlement agreement to extend the deadline for timely consummation. There is no assurance that the sale will be completed by September 8, 2008, the current deadline, and, if not completed, that the parties will again extend the interim settlement agreement. If the sale of Cobasys does not close by that date and any of we, OBC or CTV determine not to further extend our interim settlement agreement, we, OBC or CTV could resume the arbitration and receive a ruling from the arbitrator.
We cannot assure you that a sale will be timely consummated or consummated at all. If not timely consummated and the arbitration is resumed, we cannot assure you that we and OBC would prevail or otherwise avoid material liability.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">We have entered into joint ventures and licensing agreements to develop and commercialize products based on our technologies and we must manage such joint ventures and licensing agreements successfully.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We have entered into licensing and joint venture agreements in order to develop and commercialize certain products based on our technologies. Any revenue or profits that may be derived by us from these agreements will be substantially dependent upon our ability to agree with our joint venture partners and licensees about the management and operation of the joint
ventures and license agreements. In addition, any revenue or profits from such agreements will be substantially dependent on the willingness and ability of our joint venture partners and licensees to devote their financial resources and manufacturing and marketing capabilities to commercialize products based on our technologies. There can be no assurance that we will agree regarding the operation of such joint ventures and licensing agreements, that required financial resources will
be available on mutually agreeable terms or that commercialization efforts will be successful. If we and our joint venture partners and licensees are unable to agree with respect to the operation of our joint ventures and licensing agreements, are unwilling or unable to devote financial resources or are</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">22</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P22 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">unable to commercialize products based on our technologies, we may not be able to realize revenue and profits based on our technologies and our business could be materially adversely affected.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Our government product development and research contracts may be terminated by unilateral government action, or we may be unsuccessful in obtaining new government contracts to replace those that have been terminated or completed.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We have several government product development and research contracts. Any revenue or profits that may be derived by us from these contracts will be substantially dependent upon the government agencies&rsquo; willingness to continue to devote their financial resources to our research and development efforts. There can be no assurance that such financial resources
will be available or that such research and development efforts will be successful. Our government contracts may be terminated for the convenience of the government at any time, even if we have fully performed our obligations under the contracts. Upon a termination for convenience, we would generally only be entitled to recover certain eligible costs and expenses we had incurred prior to termination and would not be entitled to any other payments or damages. Therefore, if government
product development and research contracts are terminated or completed and we are unsuccessful in obtaining replacement government contracts, our revenue and profits may decline and our business may be adversely affected.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">The credit facility entered into by our subsidiaries, United Solar Ovonic Corporation and United Solar Ovonic LLC, contains covenant restrictions that may limit our ability to operate our business.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We conduct substantially all of our United Solar Ovonic segment operations through our subsidiaries United&nbsp;Solar Ovonic Corporation and United Solar Ovonic LLC. For example, our cash flows from that segment are dependent on the distributions to us by United Solar Ovonic Corporation and United Solar Ovonic LLC. In February 2008, United Solar Ovonic Corporation
and United Solar Ovonic LLC entered into a secured credit facility with an aggregate commitment of up to $55.0&nbsp;million, of which we are a guarantor. The credit facility contains, and any other future debt agreements may contain, covenant restrictions that may effectively limit our ability to operate our business, due to restrictions on our or our subsidiaries&rsquo; ability to, among other things:</font></font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">incur additional debt or issue guarantees;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">create liens;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">make certain investments;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">enter into transactions with our affiliates;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">sell certain assets;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">make certain restricted payments;</font></p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">23</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P23 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">declare or pay dividends or make other distributions to stockholders;&nbsp;and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">merge or consolidate with any person.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As a result of these covenants, our ability to respond to changes in business and economic conditions and to obtain additional financing, if needed, may be significantly restricted, and we may be prevented from engaging in transactions that might otherwise be beneficial to us due to the restrictions imposed by the credit facility. In addition, the failure to comply
with these covenants could result in a default, which could permit the lenders and debtholders to accelerate such debt.</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2"><b><font size="2">We have a significant amount of debt outstanding. Our indebtedness, along with our other contractual commitments, could adversely affect our business, financial condition and results of operations, as well as our ability to meet any of our payment obligations.</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Together with our subsidiaries, we have a significant amount of debt and debt service requirements. As of June 30, 2008, we have approximately $316.3&nbsp;million of outstanding debt. This level of debt and related debt service could have significant consequences on our future operations, including:</font></font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="572" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" nowrap width="524">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">making it more difficult for us to meet our payment and other obligations;&nbsp;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">resulting in an event of default if we and our subsidiaries fail to comply with covenants contained in our debt agreements, which could result in such debt becoming immediately due and payable;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">reducing the availability of our cash flow to fund working capital, capital expenditures, acquisitions and other general corporate purposes, and limiting our ability to obtain additional financing for these purposes;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">subjecting us to the risk of increased sensitivity to interest rate increases on our indebtedness with variable interest rates, including borrowings under our new credit facility;</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">limiting our flexibility in planning for, or reacting to, and increasing our vulnerability to, changes in our business, the industry in which we operate and the general economy;&nbsp;and</font></p>
</td>
</tr>
</table>
</div>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">placing us at a competitive disadvantage compared to our competitors that have less debt or are less leveraged.</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Any of the above-listed factors could have an adverse effect on our business, financial condition and results of operations and our ability to meet our payment obligations. Our ability to meet our payment and other obligations under our debt instruments depends on our ability to generate significant cash flow in the future. This, to some extent, is subject to
general economic, financial, competitive, legislative and regulatory factors as well as other factors that are beyond our control. We cannot assure you that our business will generate cash flow from operations, or that</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">24</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P24 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">future borrowings will be available to us under existing or any future credit facilities or otherwise, in an amount sufficient to enable us to meet our payment obligations and to fund other liquidity needs. If we are not able to generate sufficient cash flow to service our debt obligations, we may need to refinance or restructure our debt, sell assets, reduce or delay
capital investments, or seek to raise additional capital. If we are unable to implement one or more of these alternatives, we may not be able to meet our payment obligations under our debt and other obligations.</font></font></p>
<a name="toc23"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 1B</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Unresolved Staff Comments</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: justify"><font size="2"><font size="2">None.</font></font></p>
<a name="toc3"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 2</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Properties</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our corporate headquarters is located in Rochester Hills, Michigan. We currently lease our headquarters, together with adjacent facilities in Rochester Hills which we use principally for our Ovonic Materials segment and for our Corporate Activities. These facilities, including our headquarters, provide an aggregate of approximately 208,000 square feet for technical
and administrative uses, and are supplemented by an aggregate of approximately 10,000 square feet of additional leased facilities in Troy, Michigan, for research and development and manufacturing purposes.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our United Solar Ovonic segment&rsquo;s headquarters is located in Auburn Hills, Michigan; we maintain sales offices in San Diego, California, Villafranca, Italy and Frankfurt/Main, Germany. We lease two manufacturing facilities in Auburn Hills for this segment: one of these facilities (approximately 167,000 square feet) also contains the segment&rsquo;s
headquarters; the other facility (approximately 172,000 square feet) became operational in December 2006. We also lease an approximately 42,000 square feet facility in Troy, which houses our research and development and a 310,000 square feet facility in Tijuana, Mexico, which principally assembles PV laminates for PV cells produced at our Greenville, Michigan, plant.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We own two manufacturing facilities in Greenville. Each is approximately 203,000 square feet. Both of these facilities are currently being expanded by approximately 77,000 square feet.</font></font></p>
<a name="toc4"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 3</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Legal Proceedings</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2"><i>Cobasys</i>. On September&nbsp;10, 2007, CTV issued a notice of dispute and filed claims in arbitration against ECD and OBC relating to our Cobasys joint venture. CTV&rsquo;s original arbitration claim seeks damages and injunctive and other relief and alleges that ECD and OBC breached and anticipatorily repudiated obligations to provide certain funding to Cobasys
under the Amended and Restated Operating Agreement dated as of December&nbsp;2, 2004 among us, OBC and CTV (the "Operating Agreement"), which governs Cobasys. CTV subsequently filed a supplemental notice of dispute amending its claims to assert that ECD and OBC had dishonored CTV's preferred interest in Cobasys and that OBC had breached its obligation to use diligent efforts to approve a 2008 annual budget for Cobasys. We and OBC have denied CTV&rsquo;s allegations and filed a
counterclaim, seeking damages and injunctive and other relief on the ground that CTV has been acting</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">25</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P25 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">unilaterally and in violation of the Operating Agreement and applicable Michigan law in regard to the funding and spending provisions of the Agreement.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We and OBC dispute and have been vigorously defending the claims asserted by CTV and have pursued our counterclaim. In our view, the Operating Agreement is clear that we and OBC have no present obligation to provide funding to Cobasys; OBC is not in default of the Operating Agreement; any future funding obligation would arise only upon unanimous approval by
Cobasys&rsquo; members, OBC and CTV, of (i) a 2008 budget and operating plan for Cobasys, and (ii) agreed capital contributions by the members; and CTV has no right unilaterally to provide funding or to authorize spending by Cobasys without an approved 2008 budget and operating plan, or otherwise as approved by OBC. In our view, the Operating Agreement is also clear that we and OBC have not dishonored CTV&rsquo;s preferred interests; OBC has an unqualified right to refuse to sell
its interests in Cobasys on terms that it does not consider appropriate; and OBC may determine in its discretion whether to approve any sale of Cobasys or sale of CTV&rsquo;s interests in Cobasys.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The members of Cobasys have not approved a 2008 business plan and budget, and CTV and OBC have not been able to agree on a solution to Cobasys&rsquo; business issues or whether Cobasys should continue as a going concern if it cannot be sold in the near future. Cobasys had losses of approximately $74 million and obtained funding of approximately $84 million in 2007,
and in January 2008 Cobasys management forecast losses of approximately $82-86 million and funding requirements of approximately $92-94 million for 2008. Until September 2007, CTV historically funded Cobasys&rsquo; loss-generating operations through the purchase of preferred interests. From October 2007 through January 2008, CTV declined to purchase preferred interests and funded Cobasys in a manner that in OBC&rsquo;s view violated the Operating Agreement and applicable Michigan
law. Since February 2008, Cobasys has received funding support from a customer in the form of a loan for capital equipment purchases and a price increase on products sold to the customer. While Cobasys has been receiving this funding support from its customer, Cobasys management has not sought any funding from the members of Cobasys. There is no assurance that this customer funding support will continue on these or other terms or otherwise be sufficient to permit Cobasys to continue
as a going concern.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Since February&nbsp;15, 2008 the arbitration has been suspended pursuant to an interim settlement agreement among us, OBC and CTV in order to pursue the potential sale of Cobasys to a third party. Sale negotiations have been ongoing during which the parties to the arbitration have repeatedly amended the interim settlement agreement to extend the deadline for timely
consummation of the sale. There is no assurance that the sale will be completed by September&nbsp;8, 2008, the current deadline, and, if not completed, that the parties will again extend the interim settlement agreement.</font></font></p>
<a name="toc5"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 4</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Submission of Matters to a Vote of Security Holders</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: justify"><font size="2"><font size="2">Not applicable.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">26</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P26 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="tocb"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><b><font size="2">PART II</font></b></font></p>
<a name="toc6"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 5</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of<br>
Equity Securities</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our common stock is listed on the NASDAQ Global Select Market under the symbol &ldquo;ENER.&rdquo; As of August&nbsp;26, 2008, there were 1,618 holders of record of our common stock.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following table sets forth the range of high and low prices of our common stock as reported by The Nasdaq Stock Market, Inc. for the periods indicated:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="92%" border="0">
<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="12">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">For the Fiscal Year Ended June 30,</font><br>
<font size="2">(In Dollars Per Share)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">High</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Low</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">High</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Low</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">First Quarter</font><br>
<font size="2">(July &ndash; September)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36.00</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22.26</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">38.98</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29.03</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Second Quarter</font><br>
<font size="2">(October &ndash; December)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36.45</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22.90</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">41.07</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">33.80</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Third Quarter</font><br>
<font size="2">(January &ndash; March)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">34.28</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">20.47</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">37.24</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27.21</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="43%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 21.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Fourth Quarter</font><br>
<font size="2">(April &ndash; June)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">83.33</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29.55</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">40.10</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29.26</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Dividends</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We have not paid any cash dividends in the past and do not expect to pay any in the foreseeable future.</font></font></p>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Stock Repurchases</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">During the year ended June 30, 2008, the Company repurchased 11,245 shares of common stock from the Company&rsquo;s Chief Executive Officer for payment of tax withholdings upon the vesting of restricted stock awards.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Stock Price Performance Graph</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following graph compares the cumulative 5-year total return provided shareholders on Energy Conversion Devices, Inc.&rsquo;s common stock relative to the cumulative total returns of the NASDAQ Composite index and the NASDAQ Clean Edge U.S. index. An investment of $100 (with reinvestment of all dividends) is assumed to have been made in our common stock and in
each of the indexes on June 30, 2003 and its relative performance is tracked through June 30, 2008.</font></font></p>
<font size="2"><br>
<br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">27</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P27 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP:4pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><img src="graph-2008.jpg" width="655"></font></p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="567" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" nowrap width="48">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" nowrap width="519">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">* $100 invested on 6/30/03 in stock or index-including reinvestment of dividends.</font></p>
</td>
</tr>
</table>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="629" border="0">
<tr style="HEIGHT: 10.5pt">
<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="237">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/03</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/04</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/05</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/06</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/07</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid; HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6/08</font></p>
</td>
</tr>

<tr style="HEIGHT: 10.5pt">
<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="237">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Energy Conversion Devices, Inc.</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">100.00</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">121.86</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">242.21</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">394.26</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">333.55</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">796.97</font></p>
</td>
</tr>

<tr style="HEIGHT: 10.5pt">
<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="237">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">NASDAQ Composite</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">100.00</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">129.09</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">127.97</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">136.00</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">164.15</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">142.67</font></p>
</td>
</tr>

<tr style="HEIGHT: 10.5pt">
<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="237">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">NASDAQ Clean Edge U.S.</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">100.00</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">125.98</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">123.99</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">148.92</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">174.74</font></p>
</td>

<td style="HEIGHT: 10.5pt" valign="bottom" nowrap width="65">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.2in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">195.91</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 14pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The stock price performance included in this graph is not necessarily indicative of future stock price performance.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 16pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Use of proceeds from offering</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On June&nbsp;24, 2008, we received net proceeds of $404.5 million from our offering of convertible debt and common stock. These proceeds are after underwriting costs. We plan to use these proceeds for the expansion of our solar laminate production capacity in connection with our plan to reach 1GW of capacity by 2012 and for general corporate
purposes.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 4pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">28</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P28 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc7"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 6</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Selected Financial Data</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Set forth below is certain financial information derived from the Company&rsquo;s audited consolidated financial statements.</font></font></p>

<div style="WIDTH: 665px">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="14">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2005</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">2004</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="27%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Revenues:</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12.8%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1.7%">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1.7%">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="0.7%">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Product sales</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">237,190,558</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">96,014,366</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">84,430,664</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">51,943,873</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">33,808,209</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Royalties</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5,306,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,323,062</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,245,754</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">5,332,003</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,521,779</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Revenues from product development agreements</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,439,563</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,934,179</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10,045,585</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">17,652,510</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">29,220,752</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Revenues from license agreements</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,252,785</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,047,380</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,322,365</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">80,784,380</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(1)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">125,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">671,584</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,247,876</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,375,108</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">857,286</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">580,195</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">255,860,966</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">113,566,863</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">102,419,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">156,570,052</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">66,255,935</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Net income (loss) from continuing operations before income taxes and extraordinary item</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,009,393</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)<sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50,287,216</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(49,191,286</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Income taxes</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">155,901</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">825,414</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Net income (loss) from continuing operations before extraordinary item</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)<sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">49,461,802</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(49,191,286</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Discontinued operations, net of tax benefit</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">313,979</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(1,392,630</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(2,230,388</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Extraordinary item, net of tax</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">2,262,910</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Net income (loss)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(25,230,939</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)<sup>(2)</sup></font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(18,596,267</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">50,332,082</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.5pt; TEXT-INDENT: -52.5pt; TEXT-ALIGN: right"><font size="1">(51,421,674</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Basic net income (loss) per share</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Continuing operations</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.80</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(2.06</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Discontinued operations</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(.05</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Extraordinary item</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.08</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 29.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.64</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.57</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.83</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(2.15</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Diluted net income (loss) per share</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Continuing operations</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.67</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(2.06</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Discontinued operations</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(.05</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Extraordinary item</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.08</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.64</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(.57</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1.70</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(2.15</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="1">At year end:</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Cash and Cash Equivalents</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">484,491,568</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">80,769,970</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">164,961,982</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">84,295,571</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">12,676,537</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Short-Term Investments</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">14,989,118</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">125,003,963</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">239,505,025</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,840,526</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Total Assets</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,041,967,123</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">600,678,580</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">596,342,326</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">198,063,433</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">113,311,775</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Convertible Senior Notes</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">316,250,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Other Long-Term Liabilities</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">25,805,030</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">25,795,875</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">25,594,088</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10,203,772</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">10,160,791</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Working Capital</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">540,058,428</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">241,943,604</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">429,092,392</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">111,934,992</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">24,649,431</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="1">Stockholders' Equity</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">641,911,638</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">525,506,926</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">537,020,857</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">155,720,361</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">81,155,068</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<hr style="WIDTH: 25%; COLOR: darkgray; TEXT-ALIGN: left" noshade size="1">

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="87%" border="0">
<tr>
<td valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">(1)</font></p>
</td>

<td valign="top" nowrap width="95%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Revenues from license agreements include a one-time, noncash license fee of $79,532,000 in 2005.</font></p>
</td>
</tr>

<tr>
<td valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">(2)</font></p>
</td>

<td valign="top" nowrap width="95%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Includes restructuring charges of $9,396,465 and $5,385,277 in 2008 and 2007, respectively.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="1">29</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P29 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc8"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 7</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Management's Discussion and Analysis of Financial Condition and Results of Operations</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: justify"><font size="2"><font size="2">This section summarizes significant factors affecting the Company&rsquo;s consolidated operating results, financial condition and liquidity for the three-year period ended June&nbsp;30, 2008. This section should be read in conjunction with the Company&rsquo;s Consolidated Financial Statements and related notes appearing elsewhere in this report.</font></font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Overview</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We design, manufacture and sell photovoltaic (&ldquo;PV&rdquo;) products, known as PV or solar laminates, that generate clean, renewable energy by converting sunlight into electricity. Solar laminate sales represent more than 90% of our revenues. We also receive fees and royalties from licensees of our nickel metal hydride (&ldquo;NiMH&rdquo;) battery technology and
sell high performance nickel hydroxide used in NiMH batteries.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following key factors should be considered when reviewing our results for the periods discussed:</font></font></p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><i>Our consolidated financial results are driven primarily by the performance of our United Solar segment</i>. Our United Solar segment accounted for 94% and 87% of our total revenue in the fiscal years ended June&nbsp;30, 2008 and 2007, respectively. Our United Solar segment generated operating income of $31.6&nbsp;million and $2&nbsp;million in the
fiscal years ended June&nbsp;30, 2008 and 2007, respectively. Given the expected growth of this segment (as discussed below) relative to our other business activities, our overall success in the foreseeable future will be aligned primarily with the performance of our United Solar segment and subject to the risks of that business.</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">We are expanding our manufacturing capacity in our United Solar segment to meet growing demand</font></i><font size="2">. We increased our manufacturing capacity by 103% in fiscal 2008 (as compared to fiscal 2007) to the current nameplate capacity of 118MW. We are adding 60MW of nameplate capacity in the first half of fiscal 2009 as we continue our
expansion to 300MW of nameplate capacity of 2010 and 1GW by 2012. We intend to fund this expansion using cash flow from operations and the funds generated from the offering of our convertible notes and common stock, which was completed in fiscal 2008.</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">We are enhancing our revenues in our United Solar segment through a demand driven expansion strategy, which includes increasing our sales of solar laminates from &ldquo;take or pay&rdquo; agreements and focusing on customers and markets where our solar laminates have a competitive advantage, particularly the building-integrated photovoltaic (BIPV)
market.</font></i> <font size="2">We increased our product sales in our United Solar segment by 155% in fiscal 2008 (as compared to fiscal 2007) to $232 million. These sales were generally consummated under supply agreements with our customers that established an overall framework for supplying our solar laminates but did not include minimum purchase requirements. In order to increase visibility and certainty, and to plan our operations accordingly, we have recently
focused our efforts on long-term &ldquo;take or pay&rdquo; agreements that require the customer to</font></p>
</td>
</tr>
</table>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">30</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P30 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">purchase a specified minimum amount of our products. At the same time, we are concentrating on the BIPV market. The physical flexibility, durability and lightweight nature of our solar laminates makes them an attractive value proposition for the BIPV market, particularly commercial rooftop applications, where our solar laminates can be integrated with
roofing materials and other building products. We believe the BIPV market, including commercial roof top applications, represents the most attractive opportunity for our solar laminates and we believe we will continue to increase our sales within this market.</font></p>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">We are improving the profitability of our United Solar segment by aggressively reducing the costs and improving the efficiency of our products, which is being partially offset by the impact of ramping our new manufacturing capacity</font></i><font size="2">. We increased our gross profit margin in our United Solar segment by 53% in fiscal 2008 (as
compared to fiscal 2007). This improvement was achieved in part through operation improvement strategies, including raw material cost reductions from supply chain expansion and volume purchasing, and improvements to manufacturing throughput and yield. In addition, in fiscal 2008 we introduced a new solar laminate product with 6% greater efficiency than its predecessor. We believe that additional cost and efficiency improvements are achievable, and we have established a
long range goal of raising our gross margin to in excess of 40%. At the same time, our gross profit margins have been and will be impacted by the higher costs (including lower fixed cost absorption) associated with production volumes during ramp up production to full capacity at new facilities as part of our overall manufacturing capacity expansion.</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">We are commercializing our NiMH battery and OUM technologies principally through unconsolidated joint ventures, and we account for our interests in these joint ventures under the accounting model based on the equity method of accounting</font></i><font size="2">. Our principal joint ventures &ndash; Cobasys and Ovonyx &ndash; were founded upon
technologies that we pioneered to further develop and commercialize these technologies. In each case, we participate in the business as equity holders but do not directly manage or have a controlling interest in the entity. We have not reported any earnings or losses from Cobasys because our only contributions to Cobasys have been noncash items, including intellectual property and expertise. We do record royalties from Ovonyx representing 0.5% of their total revenues.
These royalties were $64,000, $51,000 and $10,000, respectively, for the years ended June&nbsp;30, 2008, 2007 and 2006.</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2"><i>The members of Cobasys have agreed to explore strategic alternatives regarding Cobasys</i>. In 2007, the members of Cobasys agreed to explore strategic alternatives regarding Cobasys. At the same time, as previously reported, certain disputes relating to Cobasys are the subject of pending arbitration, and Cobasys and its members have not agreed on a
2008 budget and/or business plan. On February&nbsp;15, 2008 the parties entered into an interim settlement agreement providing for a suspension of the arbitration and a requirement of the parties to use their commercially reasonable best efforts to negotiate definitive agreements for the sale of Cobasys based on a non-binding proposal received from a potential buyer. These sale negotiations have been ongoing, but we cannot assure that the proposed sale will be completed
by the current deadline under our interim settlement agreement, if at all, or on terms favorable to us and OBC. If the proposed sale is not completed, without an agreed budget and business plan for 2008 and resolution of pending disputes subject to the arbitration between us and OBC and CTV, Cobasys may not be able to continue as a going concern. See Part I, Item 3 &ndash; Legal Proceedings and Item 1A &ndash; Risk Factors.</font></p>
</td>
</tr>
</table>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">31</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P31 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><i><font size="2">We are operating our Ovonic Materials segment at sustainable levels and are continuing to realize value from our technology portfolio.</font></i> <font size="2">We have developed proprietary technologies in our Ovonic Materials segment that we believe have substantial value, including technologies for NiMH batteries, solid hydrogen storage, metal
hydride fuel cells, and biofuel reformation. As part of the restructuring plan (discussed below), the development activities for these technologies have been substantially balanced with external sources of revenues, such as royalties and development agreements (principally government contracts), to align our development commercialization efforts at sustainable levels. We are continually evaluating commercialization opportunities and strategic alternatives to maximize
value for these technologies, which may include licenses, joint ventures and sales.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Key Indicators of Financial Condition and Operating Performance</font></i><font size="2">. In evaluating our business, we use product sales, gross profit, pre-tax income, earnings per share, net income, cash flow from operations and other key performance metrics. We also use production, measured in megawatts (&ldquo;MW&rdquo;) per annum, and gross margins on
product sales as key performance metrics for our United Solar segment, particularly in connection with the manufacturing expansion in this segment.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In April 2007, we began implementing an organizational restructuring to consolidate and realign our business activities and reduce costs, including consolidating the photovoltaics and machine-building activities into the United Solar segment and reducing costs in both the Ovonic Materials segment and in Corporate Activities. We have incurred total restructuring
costs of $14.8&nbsp;million through June&nbsp;30, 2008. We are continuing to evaluate our facilities infrastructure requirements based on our consolidated and realigned business activities to identify additional cost savings opportunities and may undertake additional restructuring activities, and record additional restructuring charges, as a result.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">32</font></font></p>

<hr align="center" width="95%" noshade size="2">
<PAGE>
<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P32 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><b><font size="2">Results of Operations</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The year-over-year comparisons contained in this section exclude discontinued operations (see &ldquo;Other Income/Expense and Discontinued Operations,&rdquo; below).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following table summarizes each of our business segment&rsquo;s operating results (in thousands) for the last three fiscal years ended June 30, together with the revenue and expenses related to Corporate Activities that are not allocated to the business segments during these periods:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="8">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Revenues<sup>(1)</sup></font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="8">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Income (Loss) from Operations<sup>(1)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="28%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">United Solar Ovonic</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">239,398</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">98,363</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">87,508</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,644</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,962</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,187</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Ovonic Materials</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,066</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,635</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,451</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">899</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(13,706</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(14,819</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Corporate Activities<sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,039</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,147</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,920</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(36,816</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(28,769</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(19,798</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Consolidating Entries</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(642</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(578</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(460</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">212</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,989</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(791</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Consolidated</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">255,861</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">113,567</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">102,419</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(4,061</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(42,502</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(27,221</font></p>
</td>

<td valign="top" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>
<hr style="WIDTH: 25%; COLOR: darkgray; TEXT-ALIGN: left" noshade size="1">

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="95%" border="0">
<tr>
<td valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td valign="top" nowrap width="95%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Excludes discontinued operations for 2006.</font></p>
</td>
</tr>

<tr>
<td valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td valign="top" width="95%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Revenues consist primarily of services, facilities and miscellaneous administrative and laboratory and machine shop services provided to certain affiliates; expenses primarily include corporate operations, including facilities, human resources, legal, finance, information technology, business development, purchasing and restructuring. The loss from
operations for 2008 and for 2007 includes restructuring costs associated with the Company&rsquo;s restructuring plan.</font></p>
</td>
</tr>
</table>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">33</font></font></p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P33 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Year Ended June</font></i><font size="2">&nbsp;</font><i><font size="2">30, 2008 Compared to Year Ended June</font></i><font size="2">&nbsp;</font><i><font size="2">30, 2007</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">United Solar Ovonic Segment</font></i></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="67%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">REVENUES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">231,519</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">91,182</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from product development agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,879</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,174</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other operating revenues</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">239,398</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">98,363</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">169,015</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">75,096</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of revenues from product development agreements (excluding<br>
operating, selling, general and administrative expenses)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,938</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,922</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product development and research</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,650</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,737</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Preproduction costs</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,920</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,614</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, selling, general and administrative and patent expenses</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21,935</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,713</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Loss on disposal of property, plant and equipment</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,296</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">319</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">207,754</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">96,401</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">INCOME FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,644</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,962</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our United Solar Ovonic segment&rsquo;s revenues increased $141,035,000 and operating income increased $29,682,000 in 2008 as compared to 2007, as we continued to rapidly expand our manufacturing capacity and product sales.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The increase in revenues in 2008 was primarily attributable to a significant increase in PV product sales ($140,337,000), partially offset by product and price mix ($7,498,000). The cost of product sales increased ($93,919,000), reflecting this higher product sales volume, including the operating costs for our expanded production capacity.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Margins on product sales increased from 17.6% in 2007 to 27.0% in 2008 due to lower labor costs, and raw material costs and improved efficiencies in our manufacturing processes, offset in part by product and price mix as described above. Margins at our Greenville and Tijuana manufacturing facilities were positively impacted by the faster ramp up of our operations at
these two facilities. As we expand our manufacturing capacity, our gross profit margins will be impacted by higher costs associated with production volumes as we ramp up production to full capacity at our new manufacturing facilities. Fiscal 2009 gross margins will be impacted by production ramp-up at our Greenville, Michigan, and Tijuana, Mexico, facilities which are expected to be placed in service in late calendar 2008.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">34</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P34 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Combined product development and research expenses increased by $1,929,000 in 2008, partially offset by increased ($705,000) revenues from product development agreements. Substantially all of our combined product development and research expenses are funded by government programs under contracts from the U.S. Air Force and the Department of Energy&rsquo;s Solar
America Initiative. We continue to invest in product development and research to improve the throughput of our PV cell manufacturing equipment, reduce the cost of production and increase the sunlight-to-electricity conversion efficiency of our PV laminates.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Preproduction costs (consisting of new employee training, facilities preparation, set-up materials and supplies) increased as we continue to expand our Michigan facilities ($1,000,000) and Tijuana, Mexico ($2,300,000) facilities. We will incur preproduction costs with each new manufacturing facility until we commence production. These costs are expected to be
substantial as we continue to rapidly expand our manufacturing capacity from the current 118MW per annum to an expected capacity exceeding 300MW by 2010 and then 1GW by 2012.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Consistent with our sales growth, our operating, selling, general and administrative expenses increased due to increased Michigan wages and related costs ($3,300,000), increased costs in Europe ($2,200,000), increased depreciation expense ($800,000) and incentive costs ($4,600,000). As our sales continue to grow, operating, selling, general and administrative
expenses, particularly sales and marketing, are expected to increase as we develop the infrastructure to achieve and support those sales.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The loss on disposal of property, plant and equipment represents the recognition of impairment charges in 2008 and 2007 for equipment that is no longer used in the production process.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Ovonic Materials Segment</font></i></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="67%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">REVENUES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,690</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,832</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Royalties</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,306</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,323</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from product development agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,560</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,780</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from license and other agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,253</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,047</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other operating revenues</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">257</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">653</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,066</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,635</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,374</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,666</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of revenues from product development agreements (excluding<br>
operating, general and administrative expenses)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,318</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,782</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product development and research</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,256</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, general and administrative and patent expenses</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,219</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,885</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,167</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,341</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">INCOME (LOSS) FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">899</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 33pt; TEXT-INDENT: -33pt; TEXT-ALIGN: right"><font size="2">(13,706</font></p>
</td>

<td  valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">35</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P35 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our Ovonic Materials segment had income from operations in 2008, primarily as a result of increased royalties (both transportation and consumer) and the savings from our restructuring activities, which have substantially reduced our product development and research and selling, general and administrative expenses.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Product sales, reflecting sales of our positive electrode nickel hydroxide materials, increased in 2008 due primarily to an increased demand from our principal customer. The increased cost of product sales is a direct reflection of the higher sales volume.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Royalties increased in 2008 compared to 2007, as indicated below, resulting from increased market for our NiMH battery technology for both consumer and transportation applications.</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Royalties</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Transportation &ndash; NiMH Battery</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,086</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,515</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Consumer &ndash; NiMH Battery</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,985</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,688</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Ovonyx</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">51</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">171</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">69</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total Royalties</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,306</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,323</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Revenues from license agreements consist primarily of $952,000 recognized annually from a $10,000,000 payment received in a July 2004 settlement of certain patent infringement disputes (see Note D, &ldquo;Joint Ventures and Investments,&rdquo; of the Notes to our Consolidated Financial Statements).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Combined product development and research expenses decreased substantially to $8,574,000 in 2008 from $20,790,000 in 2007, reflecting primarily the savings associated with the restructuring plan initiated in late fiscal 2007. Revenues from product development agreements decreased as we completed certain contracts in fiscal 2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Operating, general and administrative and patent expenses decreased in 2008 primarily due to the savings in patent costs ($1,530,000) associated with the restructuring plan initiated in late fiscal 2007.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">36</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P36 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Corporate Activities</font></i></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="67%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,039</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,147</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, general and administrative and patent expenses</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,459</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">24,531</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Restructuring costs</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,396</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,385</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">37,855</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29,916</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LOSS FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(36,816</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(28,769</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Revenues provided to certain affiliates consist primarily of facilities and miscellaneous administrative and laboratory and machine shop services.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Operating, general and administrative and patent expenses, which consist of corporate operations, including human resources, legal, finance, information technology, business development, purchasing and corporate governance, increased in 2008 due to higher legal fees ($2,933,000) and incentive costs ($2,233,000), partially offset by reduced labor and related costs
($1,787,000) due to the restructuring plan initiated in late fiscal 2007.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In 2007, the Company recorded a $750,000 reduction in product warranty accrued expenses in connection with the Rare Earth Ovonic joint venture.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Restructuring costs increased in 2008, due principally to severance costs ($4,939,000) incurred in connection with the aforementioned restructuring plan. We expect to incur additional restructuring charges in the first half of 2009.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Other Income/Expense</font></i></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Other income (net) decreased to $8,070,000 in 2008 from $17,272,000 in 2007, due to lower interest rates on our investments and an overall lower level of investments in 2008, offset in part by insurance proceeds ($1,682,000) for business interruptions at one of our facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Income Taxes</font></i></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Income tax expense for 2008 represents taxes paid by the Company in Mexico and Germany.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">37</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P37 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Year Ended June</font></i><font size="2">&nbsp;</font><i><font size="2">30, 2007 Compared to Year Ended June</font></i><font size="2">&nbsp;</font><i><font size="2">30, 2006</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">United Solar Ovonic Segment</font></i></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="67%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">REVENUES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">91,182</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">81,816</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from product development agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,174</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,670</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other operating revenues</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">98,363</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">87,508</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">75,096</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">63,979</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of revenues from product development agreements (excluding<br>
operating, selling, general and administrative expenses)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,922</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,345</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product development and research</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,737</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,376</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Preproduction costs</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,614</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">427</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, selling, general and administrative and patent expenses</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,713</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,194</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Loss on disposal of property, plant and equipment</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">319</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">96,401</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">79,321</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">INCOME FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,962</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,187</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our United Solar Ovonic segment&rsquo;s revenues increased $10,855,000 while operating income decreased $6,225,000 in 2007 as compared to 2006, as we continued to rapidly expand our manufacturing capacity and product sales. Operating profit declined primarily due to the expected impact of the ramp-up of the Auburn Hills 2 manufacturing facility and preproduction
expenses at our new manufacturing facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The increase in revenues in 2007 was primarily attributable to an increase in the volume of PV product sales ($12,126,000), partially offset by product and price mix ($2,760,000). Product sales were significantly impacted by a temporary, substantial decline of sales during the first two quarters of fiscal year 2007 of our PV laminates to Solar Integrated
Technologies Inc. (&ldquo;SIT&rdquo;), which we were unable to fully reallocate to existing customers or offset through additional sales.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Gross profit margin on product sales decreased to 17.6% in 2007 from 21.8% in 2006 due to the expected impact of the ramp-up and other costs related to our new Auburn Hills 2 manufacturing facility and the lower sales prices of our products. As we expand our manufacturing capacity, our gross profit margins will be impacted by higher costs associated with production
volumes as we ramp up production to full capacity at our new manufacturing facilities.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">38</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P38 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The combined product development and research expenses increased to $6,659,000 in 2007 from $5,721,000 in 2006 as a result of new development agreements in 2007. The increase in revenues from product development agreements is also attributable to these new agreements. In addition, we continue to incur product development and research expenses to improve the
throughput of our PV cell manufacturing equipment, reduce the cost of production and increase the sunlight-to-electricity conversion efficiency of our PV laminates.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Preproduction costs increased due principally to increased expansion activities related to our new Auburn Hills 2 manufacturing facility (which was placed into service in December 2006), and the construction of manufacturing facilities in Greenville and in Tijuana, Mexico. We will incur preproduction costs, consisting principally of training costs for new employees
and facilities costs, with each new manufacturing facility until we commence manufacturing at the facility. These costs are expected to be substantial as we continue to rapidly expand our manufacturing capacity from the current 118MW per annum to an expected capacity exceeding 300MW by 2010 and then 1GW by 2012.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Operating, selling, general and administrative and patent expenses increased due principally to hiring of sales staff, particularly in Europe, and support staff for expansion activities associated with our new Auburn Hills 2 and Greenville manufacturing facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The loss on disposal of property, plant and equipment represents the net book value of capital assets no longer needed, which were scrapped in 2007.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 14pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Ovonic Materials Segment</font></i></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="67%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">REVENUES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product sales</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,832</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,698</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Royalties</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,323</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from product development agreements</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,780</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,445</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues from license and other agreements</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,047</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,322</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other operating revenues</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">653</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">740</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,635</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,451</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of product sales</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,666</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,844</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cost of revenues from product development agreements (excluding<br>
operating, general and administrative expenses)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,782</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,435</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Product development and research</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,533</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, general and administrative and patent expenses</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,885</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,458</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,341</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,270</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LOSS FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(13,706</font></p>
</td>

<td  valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(14,819</font></p>
</td>

<td  valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">39</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P39 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our Ovonic Materials segment had a decreased operating loss in 2007 due principally to improved margins on increased product sales and the reversal of a warranty accrual.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Product sales, which include sales of our positive electrode nickel hydroxide materials, increased in 2007 as compared to 2006. Positive electrode nickel hydroxide product sales increased to $4,804,000 in 2007 from $1,855,000 in 2006 due primarily to an increase in demand in 2007 from our principal customer. Cost of sales of these products increased to $4,666,000 in
2007 from $2,035,000 in 2006, reflecting the higher sales volume. Product sales for 2006 also include sales of equipment ($767,000) to our 19%-owned Rare Earth Ovonic joint venture, under a contract that was substantially completed in 2006.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Royalties declined in 2007 compared to 2006, as indicated below, due to decreased royalties for consumer NiMH battery technology, partially offset by increased royalties for transportation NiMH battery technology. In addition, in 2006, we recorded $690,000 for optical memory royalties paid in prior years in which the licensee no longer had a contractual obligation
to make payments.</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="75%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="60%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Royalties</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Transportation &ndash; NiMH Battery</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,515</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,218</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Consumer &ndash; NiMH Battery</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,688</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,152</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Ovonyx</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">51</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">69</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">866</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="60%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total Royalties</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,323</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Revenues from license agreements include $952,000 in each of 2007 and 2006, representing amortization of a $10,000,000 payment received in a July 2004 settlement of certain patent infringement disputes (see Note D, &ldquo;Joint Ventures and Investments,&rdquo; of the Notes to our Consolidated Financial Statements). Revenues from license agreements for 2006 also
include $250,000 attributable to new license agreements in that year, principally with Chinese companies for consumer NiMH battery technology.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The combined product development and research expenses decreased to $20,790,000 in 2007 from $21,968,000 in 2006 due to cost reductions in certain programs, including savings achieved in the fourth quarter of fiscal year 2007 under the first phase of our restructuring plan. Revenues from product development agreements increased principally due to new contracts in
2007 relating to our Ovonic metal hydride fuel cell and Ovonic solid hydrogen storage technologies.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Operating, general and administrative and patent expenses decreased in 2007 due to a $750,000 reversal of a warranty accrual in connection with the Rare Earth Ovonic contracts discussed above.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">40</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P40 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Corporate Activities</font></i></u></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="95%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="70%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,147</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,920</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating, general and administrative and patent expenses</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">24,531</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21,718</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Restructuring costs</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,385</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29,916</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21,718</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LOSS FROM OPERATIONS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(28,769</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(19,798</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Revenues, which consist primarily of services, facilities and miscellaneous administrative and laboratory and machine shop services provided to certain affiliates, decreased in 2007 due principally to reductions in 2006 in estimated reserves and liabilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Operating, general and administrative and patent expenses, which reflect corporate operations, including human resources, legal, finance, information technology, business development, purchasing and corporate governance, increased in 2007 due principally to increased corporate governance and restructuring costs. In addition, expenses of $1,000,000 were accrued in
2007 in connection with the retirement of the Company&rsquo;s founder, Stanford Ovshinsky.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In 2007, we began implementing an organizational restructuring to consolidate and realign our business activities and reduce costs, principally in the Ovonic Materials segment and in Corporate Activities. The initial phase of this plan was substantially completed during 2007, and we incurred restructuring costs in 2007 in connection with this
phase.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><i><font size="2">Other Income/Expense and Discontinued Operations</font></i></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Other income (net) increased to $17,272,000 in 2007 from $8,310,000 in 2006, primarily due to higher interest income ($17,543,000 in 2007 compared to $8,672,000 in 2006) as a result of increased funds available for investment and higher interest rates. We also recognized less interest expense in 2007 due to capitalization of interest incurred during the construction
of the new solar cell manufacturing equipment.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Liquidity and Capital Resources</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our primary liquidity needs are to fund capital expenditures associated with expansion of our United Solar segment&rsquo;s manufacturing capacity and support our working capital requirements. Our principal sources of liquidity are cash, cash equivalents and short-term investments (which principally represent the proceeds from our June 2008 offering of convertible
debt and common stock), cash flow from operations, and borrowing available under our new credit facility. We believe that cash, cash equivalents and investments and cash flows from operations and borrowing under</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">41</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P41 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">our credit facility will be sufficient to meet our liquidity needs for current operations and expansion for the foreseeable future.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As of June&nbsp;30, 2008, we had $531,758,000 in cash, cash equivalents, and short-term and long-term investments consisting of Floating Rate Corporate Notes (&ldquo;FRN&rsquo;s&rdquo;), auction rate certificates (&ldquo;ARC&rsquo;s&rdquo;), corporate notes and money market funds. All short-term investments are classified as &ldquo;available-for-sale.&rdquo; The
Company has $32,277,000 in ARC&rsquo;s classified as long-term investments at June&nbsp;30, 2008. The investments have maturities up to 20 months, except for the ARC&rsquo;s which have maturities from 26 to 38 years. At June&nbsp;30, 2008, we had consolidated working capital of $540,058,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">An adverse ruling in the pending Cobasys arbitration could adversely affect our liquidity position, while a successful completion of a strategic transaction involving Cobasys could favorably affect our liquidity position. See Part I, Item 3 &ndash; Legal Proceedings and Item 1A &ndash; Risk Factors.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Cash Flows</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Net cash provided by our operating activities was $28,510,000 in 2008 compared to net cash used of $21,814,000 in 2007. The operating cash flows in our United Solar segment are being negatively impacted by the change in working capital as we expand sales and production. While inventory levels decreased at June&nbsp;30, 2008, we anticipate that future accounts
receivable and inventory balances will increase as we continue to expand our manufacturing and sales activities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Net cash used in investing activities was $41,668,000 in 2008 as compared to $73,213,000 used in investing activities in the corresponding period in 2007. This decrease was principally due to reduced purchases of investments in 2008. There was a decrease in capital spending ($117,335,000 in 2008 compared to $186,990,000 in 2007), principally associated with the
timing of the expenditures for the expansion of our United Solar segment&rsquo;s manufacturing capacity. We will continue to invest in the expansion of our facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Net cash provided by our financing activities was $417,247,000 in 2008 compared to $11,016,000 in 2007, primarily as a result of proceeds from the June 2008 convertible debt and equity offerings.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">For details of our cash flows, see the Consolidated Statements of Cash Flows in our Consolidated Financial Statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Restructuring Reserve</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In 2008, the Company incurred additional restructuring costs of $9,396,000 and utilized or paid $11,782,000 out of this reserve. The Company has a balance of $1,245,000 in this reserve at June&nbsp;30, 2008, of which $831,000 will be utilized or paid in the next year.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">For details regarding the restructuring reserve, see Note L to the Consolidated Financial Statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">42</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P42 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Short-term Borrowings</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On February&nbsp;4, 2008, our subsidiaries United Solar Ovonic LLC and United Solar Ovonic Corporation entered into Secured Credit Facility Agreements consisting of a $30&nbsp;million revolving line of credit to finance domestic activities and a separate $25&nbsp;million revolving line of credit provided under the United States Export-Import Bank&rsquo;s fast track
working capital guarantee program to finance foreign activities. Availability of financing under the lines of credit will be determined by reference to a borrowing base comprised of domestic inventory and receivables and foreign inventory and receivables, respectively. At June 30, 2008, there were not any outstanding borrowings on the line of credit. The facilities also contain an aggregate $10&nbsp;million sub-limit for standby letters of credit and there were approximately $1.9
million of standby letters of credit outstanding at June&nbsp;30, 2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Convertible Senior Notes</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0.03in; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On June&nbsp;24, 2008, we completed our offering of $316.3 million of ConvertibleSenior Notes. The notes bear interest at a rate of 3.00% per year, payable on June 15 and December 15 of each year, commencing on December 15, 2008. The notes mature on June 15, 2013. Holders of the notes may, under certain circumstances at their option, convert the
principal amount of their notes into cash and, with respect to any amounts in excess of the principal amount, shares of ECD&rsquo;s common stock initially at a conversion rate of 10.8932 shares (equivalent to an initial conversion price of approximately $91.80 per share) per $1,000 principal amount of notes. The notes are also convertible on this basis at any time on or after March 15, 2013 and prior to the close of business on the business day immediately preceding the maturity
date. The applicable conversion rate will be subject to adjustments in certain circumstances. The notes are senior unsecured obligations of ECD and rank equal in right of payment with any future senior unsecured debt of ECD, and senior in right of payment to all of ECD&rsquo;s existing and future debt, if any, that is subordinated to the notes.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Joint Ventures</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Through September 2007, CTV funded Cobasys&rsquo; operations by acquiring a preferred interest in Cobasys for which it is entitled to a priority right of repayment in certain situations. From October 2007 through January 2008, CTV declined to purchase preferred interests and funded Cobasys in a manner that in OBC&rsquo;s view violated the Operating Agreement and
applicable Michigan law. Since February 2008, Cobasys has received funding support from a customer in the form of a loan for capital equipment purchases and a price increase on products sold to the customer, during which time Cobasys management has not sought any funding from the members of Cobasys. Further, Cobasys and its members have not agreed on a 2008 budget and/or business plan. In 2007, CTV and OBC agreed to explore strategic alternatives regarding Cobasys, which has
resulted in us, OBC and CTV commencing negotiations for the sale of Cobasys with a potential buyer in early 2008. These negotiations have been ongoing, but we cannot assure that the proposed sale will be completed by the current deadline under our interim settlement agreement or on terms favorable to us and OBC, or if it will be completed at all. If the proposed sale is not completed, without an agreed budget and business plan and resolution of pending disputes subject to the
arbitration between us and OBC and CTV, Cobasys may not be able to continue as a going concern. See Part I, Item 3 &ndash; Legal Proceedings and Item 1A &ndash; Risk Factors.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">43</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P43 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Contractual Obligations</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company announced expansion plans to expand its manufacturing capacity from 118MW of nameplate capacity at June&nbsp;30, 2008, to 300MW by the end of 2010 and to 1GW by the end of 2012. As of June&nbsp;30, 2008, the Company had purchase commitments of approximately $80,836,000 for its announced expansion, and the Company</font> <font size="2">presently intends
to fund this additional expansion through existing funds and cash from operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company, in the ordinary course of business, enters into purchase commitments for raw materials. The Company also enters into purchase commitments for capital equipment, including subcontracts for the purchase of components for the new solar manufacturing equipment being installed in Greenville, Michigan.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The increase in purchase commitments is primarily due to the aforementioned expansion plan, additional commitments to purchase steel for the new Auburn Hills facility, and construction and equipment commitments for the new Greenville and Tijuana facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In June 2008, we completed an offering of $316,250,000 of 3.00% Convertible Senior Notes. Interest is payable semi-annually. The notes mature on June 15, 2013.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our contractual obligations include the following maturities (in thousands):</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="14">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Payments Due by Period</font></p>
</td>
<td valign="top">
<font size="2">&nbsp;</font>
</td>


</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Total</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Less than</font><br>
<font size="2">1 year</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1-3 years</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3-5 years</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">More than</font><br>
<font size="2">5 years</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="32%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Capital Lease Obligations</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">44,354</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,245</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,247</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,295</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,567</font></p>
</td>

<td valign="bottom" width="0.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating Leases</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,908</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,498</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,491</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,443</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Convertible Senior Notes</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">368,431</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,488</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18,975</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18,975</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">320,993</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Purchase Obligations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">142,127</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">141,980</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">147</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">585,820</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">159,211</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,845</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,761</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">363,003</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Significant Accounting Policies</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our significant accounting policies are more fully described in Note&nbsp;A, &ldquo;The Company and Summary of Accounting Policies,&rdquo; of the Notes to our Consolidated Financial Statements. Certain of our accounting policies require management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the
consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are based on our historical experience, the terms of existing contracts, our evaluation of trends in the industry, information provided by our customers and suppliers and information available from other outside sources, as appropriate. However, they are subject to an inherent degree of uncertainty. As a result, actual results in these
areas may differ significantly from our estimates.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">44</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P44 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We consider an accounting estimate to be significant if it requires us to make assumptions about matters that were uncertain at the time the estimate was made and changes in the estimate would have had a significant impact on our consolidated financial position or results of operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Stock-Based Compensation</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Effective July&nbsp;1, 2005, ECD adopted Financial Accounting Standards Board (FASB) Statement of Financial Accounting Standards (&ldquo;SFAS&rdquo;) No. 123(R), &ldquo;Share-Based Payment&rdquo; (SFAS No. 123(R)). This statement replaces SFAS No. 123, &ldquo;Accounting for Stock-Based Compensation&rdquo; (SFAS No. 123) and supersedes APB No. 25. SFAS No. 123(R)
requires that all stock-based compensation be recognized as an expense in the financial statements and that such cost be measured at the fair value of the grant. This statement was adopted using the modified prospective method of application, which requires us to recognize compensation expense on a prospective basis. Therefore, prior period financial statements have not been restated. Under this method, in addition to reflecting compensation expense for new share-based grants,
expense is also recognized to reflect the remaining service period of grants that had been included in pro-forma disclosures in prior periods.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD records the fair value of stock-based compensation grants as an expense. In order to determine the fair value of stock options on the date of grant, ECD applies the Black-Scholes option-pricing model. Inherent in this model are assumptions related to expected stock-price volatility, option life, risk-free interest rate and dividend yield. While the risk-free
interest rate and dividend yield are less subjective assumptions, typically based on factual data derived from public sources, the expected stock-price volatility and option life assumptions require a greater level of judgment.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD uses an expected stock-price volatility assumption that is based on historical implied volatilities of the underlying stock which is obtained from public data sources.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">With regard to the weighted-average option life assumption, ECD considers the exercise behavior of past grants and models the pattern of aggregate exercises. Patterns are determined on specific criteria of the aggregate pool of optionees. Forfeiture rates are based on the Company&rsquo;s historical data for stock option forfeitures.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Warranty Liability</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We generally provide a 20-year product warranty on power output on all</font> <i><font size="2">UNI-SOLAR</font></i> <font size="2">products installed as part of pre-engineered solutions. Our accrued warranty liability also includes warranties previously provided on our machine-building and equipment products. At June 30, 2008 and 2007, the Company had recorded a
liability for future warranty claims of approximately $1,499,000 and $1,325,000, respectively.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">45</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P45 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Allowance for Uncollectible Accounts</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company maintains an allowance for uncollectible accounts considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history and the customer&rsquo;s current ability to pay its obligation. The allowance for doubtful accounts was $825,000 and $538,000 at June 30, 2008 and 2007,
respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Federal Taxes on Income</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company accounts for income taxes using the asset and liability approach. Deferred income taxes are provided for the differences between the tax bases of assets and liabilities and their reported amounts in the financial statements. This method also requires the recognition of future tax benefits, such as net operating loss carryforwards, to the extent that the
realization of such benefits is more likely than not.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">At June&nbsp;30, 2008, the Company had net operating loss carryforwards of $331,153,000 expiring in 2009 through 2028 and an alternative minimum tax credit carryforward of $1,363,000, which does not expire.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">A valuation allowance has been recorded for all of the above tax benefits.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Inventory Reserves</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.4in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company maintains an allowance for slow-moving inventory for certain inventory items for which it does not expect to sell within the next twelve months. The allowance was $4,790,000 and $1,870,000 at June 30, 2008 and 2007, respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Government Contracts, Reserves and Liabilities</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company had a reserve for losses on government contracts of $1,851,000 and $1,899,000 at June&nbsp;30, 2008 and 2007, respectively. Our reserves and liabilities for government contracts reflects amounts questioned in an audit of certain government contracts by the Defense Contract Audit Agency and a reserve to reflect our residual royalty obligations under an
advanced development agreement. See Note&nbsp;E, &ldquo;Liabilities,&rdquo; of the Notes to our Consolidated Financial Statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">See Note&nbsp;A, &ldquo;The Company and Summary of Accounting Policies &ndash; Recent Pronouncements,&rdquo; of the Notes to our Consolidated Financial Statements for a description of recent accounting pronouncements and the impact on the Company&rsquo;s financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">46</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P46 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Forward-Looking Statements</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.54in; TEXT-ALIGN: justify"><font size="2"><font size="2">This Annual Report on Form 10-K includes &ldquo;forward-looking statements&rdquo; that involve risks and uncertainties. These forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events,
future sales or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends and other information that is not historical information. When used in this prospectus, the words &ldquo;estimates,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;projects,&rdquo; &ldquo;plans,&rdquo; &ldquo;intends,&rdquo; &ldquo;believes,&rdquo; &ldquo;forecasts,&rdquo; &ldquo;foresees,&rdquo; &ldquo;likely,&rdquo; &ldquo;may,&rdquo;
&ldquo;should,&rdquo; &ldquo;goal,&rdquo; &ldquo;target&rdquo; and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon information available to us on the date of this report.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including, among other things, the matters discussed in this Item 1A, &ldquo;Risk Factors.&rdquo; Factors you should
consider that could cause these differences are:</font></font></p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the worldwide demand for electricity and the market for renewable energy, including solar energy;</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the ability or inability of conventional fossil fuel-based generation technologies to meet the worldwide demand for electricity;</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">government subsidies and policies supporting renewable energy, including solar energy; our expenses, sources of sales and international sales and operations;</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">future pricing of, and demand for, our solar laminates;</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the performance, features and benefits of our solar laminates and plans for the enhancement of solar laminates;</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the supply and price of components and raw materials;</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">our ability to expand our manufacturing capacity in a timely and cost-effective manner;</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">our ability to retain our current key executives, integrate new key executives and attract and retain other skilled managerial, engineering and sales marketing personnel;</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">the viability of our intellectual property and our continued investment in research and development;</font></p>
</td>
</tr>
</table>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">47</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P47 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">payments and other obligations resulting from the unfavorable resolution of legal proceedings;</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">changes in, or the failure to comply with, government regulations and environmental, health and safety requirements;</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">interest rate fluctuations and both our and our end-users&rsquo; ability to secure financing on commercially reasonable terms or at all; and</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="19">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="4"><b>&bull;</b></font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">general economic and business conditions, including those influenced by international and geopolitical events such as the war in Iraq and any future terrorist attacks.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">There may be other factors that could cause our actual results to differ materially from the results referred to in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events, except as required by
law.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">48</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P48 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc9"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 7A</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Quantitative and Qualitative Disclosures about Market Risk</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following discussion about our exposure to market risk of financial instruments contains forward-looking statements. Actual results may differ materially from those described.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Interest Rate Risk</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our holdings of financial instruments are comprised of debt securities. All such instruments are classified as securities available-for-sale. We do not invest in portfolio equity securities, or commodities, or use financial derivatives for trading purposes. Our debt security portfolio represents funds held temporarily, pending use in our business and operations. The
Company had $483,350,000 and $205,282,000 of these investments on June&nbsp;30, 2008 and June&nbsp;30, 2007, respectively. It is the Company&rsquo;s policy that investments (including cash equivalents) shall be rated &ldquo;A&rdquo; or higher by Moody&rsquo;s or Standard and Poor&rsquo;s, no single investment (excluding cash equivalents) shall represent more than 10% of the portfolio and at least 10% of the total portfolio shall have maturities of 90 days or less. Our market risk
primarily relates to the risks of changes in the credit quality of issuers. An interest rate change of 1% would result in a change in the value of our June&nbsp;30, 2008, portfolio of approximately $50,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company invests in auction rate certificates. Recent market conditions have resulted in failures of certain auctions; however, the Company&rsquo;s securities have not experienced such failures. Due to the recent temporary liquidation problems experience with certain securities, we have reclassified them as long-term investments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our Convertible Senior Notes are subject to interest rate and market price risk due to the convertible feature of the notes. Since the notes are convertible to common stock, as the fair market value of our common stock increases, so will the fair market value of the notes. Conversely, as the fair market value of our common stock decrease, the fair market value of
the notes will decrease as well. As interest rates rise, the fair market value of the notes will decrease and as interest rates fall, the fair market value of the notes will increase. At June&nbsp;30, 2008, the estimated fair market value of our Convertible Senior Notes was approximately $179,300,000. An increase or a decrease in market interest rates of 1% would increase or decrease the fair value of our Convertible Senior Notes by approximately $1,790,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Foreign Exchange Risk</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">A significant portion of the equipment acquisitions necessary for our planned expansion are denominated in yen. We have entered into contracts for equipment purchases that are denominated in yen. In order to mitigate the risk associated with these transactions, we have entered in currency forward contracts to buy or sell yen at future dates. As of June&nbsp;30,
2008, we have forward contracts to purchase approximately 771.4 million yen and to sell approximately 12.2 million yen. For the year ended June 30, 2008, an increase or a decrease in exchange rates of 1% would increase or decrease our capital equipment purchases by</font> <font size="2">approximately $72,000. We are unable to predict the future exchange rates between the dollar and the yen and therefore we cannot estimate the impact on our future operating results.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">49</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P49 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc10"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 4pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 8</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 4pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Consolidated Financial Statements and Supplementary Data</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Board of Directors and Shareholders</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Energy Conversion Devices, Inc.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><font size="2">We have audited the accompanying consolidated balance sheets of Energy Conversion Devices, Inc. (a Delaware Corporation) and subsidiaries as of June 30, 2008 and 2007, and the related consolidated statements of operations, stockholder&rsquo;s equity, and cash flows for each of the three years in the period ended June 30, 2008. Our audits of the basic consolidated financial statements
included the financial statement schedule listed in the table of contents under Item 15(a)2. These financial statements and financial statement schedule are the responsibility of the Company&rsquo;s management. Our responsibility is to express an opinion on these financial statements and the financial statement schedule based on our audits.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><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></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><font size="2">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Energy Conversion Devices, Inc. and subsidiaries as of June 30, 2008 and 2007, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2008 in conformity with accounting principles generally
accepted in the United States of America. Also in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><font size="2">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Energy Conversion Devices, Inc. and subsidiaries&rsquo; internal control over financial reporting as of June 30, 2008, based on criteria established in</font> <i><font size="2">Internal Control&mdash;Integrated Framework</font></i> <font size="2">issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO) and our report dated August 25, 2008 expressed an unqualified opinion.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><font size="2">/s/ Grant Thornton LLP</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Southfield, Michigan</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 16pt; TEXT-ALIGN: justify"><font size="2"><font size="2">August&nbsp;25, 2008</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">50</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P50 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">CONSOLIDATED BALANCE SHEETS</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">ASSETS</font></u></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="59%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">CURRENT ASSETS</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11.7%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Cash, including cash equivalents of $468,361,000 at</font><br>
<font size="2">June&nbsp;30, 2008 and $80,278,000 at June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">484,491,568</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">80,769,970</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Short-term investments</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,989,118</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">125,003,963</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Accounts receivable (net)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">53,525,159</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,497,575</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Inventories</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,336,813</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">38,692,178</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Assets held for sale</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,538,843</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,523,543</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,279,452</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,396,014</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL CURRENT ASSETS</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">592,160,953</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">284,883,243</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">PROPERTY, PLANT AND EQUIPMENT</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Buildings and improvements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">58,913,444</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">23,382,529</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Machinery and other equipment</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">253,423,651</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">129,186,752</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Assets under capitalized leases</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26,822,154</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26,406,764</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">339,159,249</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">178,976,045</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Less accumulated depreciation and amortization</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(60,877,043</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(41,992,111</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NET DEPRECIABLE ASSETS</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">278,282,206</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">136,983,934</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Land</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,157,394</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,376,580</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Construction in progress</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">124,679,407</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">173,008,798</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL PROPERTY, PLANT AND EQUIPMENT</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">404,119,007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">311,369,312</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LONG-TERM INVESTMENTS</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,277,270</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">OTHER ASSETS</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,409,893</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,426,025</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL ASSETS</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,041,967,123</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">600,678,580</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: left"><font size="2"><font size="2">See notes to consolidated financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">51</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P51 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">CONSOLIDATED BALANCE SHEETS</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">LIABILITIES AND STOCKHOLDERS' EQUITY</font></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="63%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">CURRENT LIABILITIES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12.7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Accounts payable and accrued expenses</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,016,625</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">34,267,171</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Salaries, wages and amounts withheld from employees</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,160,115</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,524,287</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Amounts due under incentive plans</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,747,201</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">542,747</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Restructuring reserve</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">830,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,630,634</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Deferred revenues under business agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">309,176</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">109,639</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Current portion of deferred patent license fee</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">952,380</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">952,380</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Current installments on long-term liabilities</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,086,536</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">912,781</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL CURRENT LIABILITIES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">52,102,525</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">42,939,639</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">CONVERTIBLE SENIOR NOTES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">316,250,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">OTHER LONG-TERM LIABILITIES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">25,805,030</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">25,795,875</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LONG-TERM RESTRUCTURING RESERVE</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">414,170</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LONG-TERM DEFERRED PATENT LICENSE FEE</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,238,100</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,190,480</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NONREFUNDABLE ADVANCE ROYALTIES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">245,660</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">245,660</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL LIABILITIES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">400,055,485</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">75,171,654</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">COMMITMENTS AND CONTINGENCIES (NOTE&nbsp;J)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">STOCKHOLDERS&rsquo; EQUITY</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Common Stock, par value $0.01 per share:</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Authorized &ndash; 100,000,000 shares at June&nbsp;30, 2008 and at June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Issued and outstanding &ndash; 45,575,554 shares at June&nbsp;30, 2008 and<br>
39,796,910 shares at June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">455,756</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">397,969</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Additional paid-in capital</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">969,420,927</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">854,160,702</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Treasury stock</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(700,006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Accumulated deficit</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(325,165,067</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(329,018,559</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 32.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Accumulated other comprehensive loss</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2,099,972</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(33,186</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL STOCKHOLDERS&rsquo; EQUITY</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">641,911,638</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">525,506,926</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 50.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL LIABILITIES AND STOCKHOLDERS&rsquo; EQUITY</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,041,967,123</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">600,678,580</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: left"><font size="2"><font size="2">See notes to consolidated financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">52</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P52 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 5pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">CONSOLIDATED STATEMENTS OF OPERATIONS</font></u></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="8">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="50%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">REVENUES</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">237,190,558</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">96,014,366</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">84,430,664</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Royalties</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,306,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,323,062</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,245,754</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Revenues from product development agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,439,563</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,934,179</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,045,585</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Revenues from license agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,252,785</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,047,380</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,322,365</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">671,584</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,247,876</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,375,108</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 30.95pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">TOTAL REVENUES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">255,860,966</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">113,566,863</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">102,419,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">EXPENSES</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Cost of product sales</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">174,074,898</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">81,241,182</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">67,270,836</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Cost of revenues from product development agreements</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,256,521</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,684,398</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,710,362</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Product development and research</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,905,535</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19,745,166</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19,909,152</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Patents (including patent defense)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,766,676</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,902,249</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,788,171</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Preproduction costs</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,920,260</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,613,825</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">426,506</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Operating, selling, general and administrative</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">49,484,951</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35,178,677</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,535,115</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net loss on disposal of property, plant and equipment</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,116,183</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">318,151</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Restructuring charges</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,396,465</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,385,277</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 30.95pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">TOTAL EXPENSES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">259,921,489</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">156,068,925</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">129,640,142</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">LOSS FROM OPERATIONS</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(4,060,523</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(42,502,062</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(27,220,666</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">OTHER INCOME (EXPENSE)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Interest income</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,018,933</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17,542,780</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,671,098</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Interest expense</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(164,786</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2,470</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(197,334</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.3in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other nonoperating income (expense)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,215,769</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(269,187</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(163,344</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 30.95pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">TOTAL OTHER INCOME (EXPENSE)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,069,916</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17,271,123</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,310,420</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net Income (Loss) from Continuing Operations before<br>
Income Taxes</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,009,393</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Income Taxes</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">155,901</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net Income (Loss) from Continuing Operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Discontinued Operations (including gain on disposition of discontinued operations of $739,602 in 2006)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">313,979</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Net Income (Loss)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="middle">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(18,596,267</font></p>
</td>

<td valign="middle">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basic Net Income (Loss) Per Share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Continuing Operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Discontinued Operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td  valign="middle">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.57</font></p>
</td>

<td  valign="middle">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Diluted Net Income (Loss) Per Share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Continuing Operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Discontinued Operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="top">
<p style="MARGIN: 0pt 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.57</font></p>
</td>

<td valign="top">
<p style="MARGIN: 1pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.5pt; TEXT-ALIGN: left"><font size="2"><font size="2">See notes to consolidated financial statements.</font></font></p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 1.5pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">53</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P53 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font size="1">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&rsquo; EQUITY</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">AND COMPREHENSIVE INCOME (LOSS)</font></u></font></p>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">Three years ended June 30, 2008</font></u></font></p>

<table cellspacing="0" cellpadding="0" width="100%">
<tr valign="bottom">
<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="5"><font face="Times New Roman, Times, Serif" size="1">Class A and Class B<br>
Convertible<br>
Common Stock</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="5"><font face="Times New Roman, Times, Serif" size="1">Common Stock</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr valign="bottom">
<td align="left">
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">Number<br>
of<br>
Shares</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Amount</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Number<br>
of<br>
Shares</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Amount</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Additional<br>
Paid-In<br>
Capital</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Accumulated<br>
Deficit</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Accumulated<br>
Other<br>
Comprehensive<br>
Income (Loss)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Unearned<br>
Compensation<br>
on Class B<br>
Convertible<br>
Common Stock</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left" colspan="2"><font face="Times New Roman, Times, Serif" size="1">Total<br>
Stockholders'<br>
Equity</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr valign="bottom">
<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="2"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" colspan="3"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left" width="18.7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Balance at July 1, 2005</font></p>
</td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">649,913</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="5.2%"><font face="Times New Roman, Times, Serif" size="1">6,499</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4.5%"><font face="Times New Roman, Times, Serif" size="1">28,232,970</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="5%"><font face="Times New Roman, Times, Serif" size="1">282,330</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="9%"><font face="Times New Roman, Times, Serif" size="1">440,577,239</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="9.4%"><font face="Times New Roman, Times, Serif" size="1">(285,191,353</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">211,586</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">(165,940</font></td>

<td align="left" width="2%"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left" width="1%"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td align="right" width="7.5%"><font face="Times New Roman, Times, Serif" size="1">155,720,361</font></td>

<td align="left" width="0.7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Net loss for year ended June&nbsp;30, 2006</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(18,596,267</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(18,596,267</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Unrealized loss on investments</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">(36,409</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(36,409</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>
</tr>

<tr style="PADDING-BOTTOM: 0em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Foreign currency translation losses</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">(296,085</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">(296,085</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em; PADDING-TOP: 0.3em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Comprehensive loss</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(18,928,761</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Earned compensation on Class&nbsp;B stock</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">165,940</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">165,940</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Equity offering, net of expenses of&nbsp;$19,493,616</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">7,666,928</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">76,669</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">356,109,187</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">356,185,856</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Conversion of Class A and Class&nbsp;B stocks into Common Stock</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(649,913</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">(6,499</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">649,913</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">6,499</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="center"><font face="Times New Roman, Times, Serif" size="1">&ndash;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Issuance of stock to directors</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">1,440</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">14</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">60,019</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">60,033</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Common stock issued in connection with exercise of stock options</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">1,116,467</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">11,165</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">19,353,951</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">19,365,116</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Common stock issued in connection with exercise of warrants</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">1,390,892</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">13,909</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">22,282,090</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">22,295,999</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Stock options issued to nonemployees</font></p>
</td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">437,080</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="right"><font face="Times New Roman, Times, Serif" size="1">437,080</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 1em" valign="bottom">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Stock options issued to employees</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">1,719,233</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right" width="7%"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 1px solid" align="right"><font face="Times New Roman, Times, Serif" size="1">1,719,233</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>

<tr style="PADDING-BOTTOM: 0em" valign="top">
<td align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font face="Times New Roman, Times, Serif" size="1">Balance at June 30, 2006</font></p>
</td>

<td style="BORDER-BOTTOM: #000000 3px double" align="center"><font face="Times New Roman, Times, Serif" size="1">&ndash;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="center"><font face="Times New Roman, Times, Serif" size="1">&ndash;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right"><font face="Times New Roman, Times, Serif" size="1">39,058,610</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right"><font face="Times New Roman, Times, Serif" size="1">390,586</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right"><font face="Times New Roman, Times, Serif" size="1">840,538,799</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right"><font face="Times New Roman, Times, Serif" size="1">(303,787,620</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right" width="4%"><font face="Times New Roman, Times, Serif" size="1">(120,908</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">)</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="center" width="7%"><font face="Times New Roman, Times, Serif" size="1">&ndash;</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="left"><font face="Times New Roman, Times, Serif" size="1">$</font></td>

<td style="BORDER-BOTTOM: #000000 3px double" align="right"><font face="Times New Roman, Times, Serif" size="1">537,020,857</font></td>

<td align="left"><font face="Times New Roman, Times, Serif" size="1">&nbsp;</font></td>
</tr>
</table>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: left"><font size="2"><font size="1">See notes to consolidated financial statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font size="1">(Continued on next page)</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">54</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<!-- END-P54 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="1">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&rsquo; EQUITY</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">AND COMPREHENSIVE INCOME (LOSS)</font></u></font></p>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">Three years ended June 30, 2008</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font size="1">(CONTINUED)</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" width="99%">
<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 12.25pt; TEXT-INDENT: -0.15in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="0.7%">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">Common Stock</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2" rowspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Additional</font><br>
<font size="1">Paid-In</font><br>
<font size="1">Capital</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2" rowspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Accumulated</font><br>
<font size="1">Deficit</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2" rowspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Accumulated Other Com- prehensive Income (Loss)</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3" rowspan="2">
<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Total</font><br>
<font size="1">Stockholders&rsquo;</font><br>
<font size="1">Equity</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 12.25pt; TEXT-INDENT: -0.15in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="0.7%">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Number of</font><br>
<font size="1">Shares</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Amount</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="22%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 12.25pt; TEXT-INDENT: -0.15in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" align="left" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Balance at July 1, 2006</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">39,058,610</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">390,586</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">840,538,799</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">(303,787,620</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">(120,908</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">537,020,857</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Net loss for year ended June&nbsp;30, 2007</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(25,230,939</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(25,230,939</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Unrealized gain on investments</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">56,918</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">56,918</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Foreign currency translation gains</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">30,804</font></p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">30,804</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Comprehensive loss</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(25,143,217</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Issuance of stock to directors</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">6,425</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">242,422</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">242,486</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Common stock issued in connection with exercise of stock options</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">708,523</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7,085</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,864,773</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">11,871,858</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Stock options issued to nonemployees</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">18,369</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">18,369</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Stock options issued to employees</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,439,652</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,439,652</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Restricted stock awards</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">23,352</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">234</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">44,921</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">45,155</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Stock expenses</font></p>
</td>

<td width="0.7%">
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(5,749</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(5,749</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Stock option modification</font></p>
</td>

<td width="0.7%">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">17,515</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">17,515</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.05in; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Balance at June 30, 2007</font></p>
</td>

<td width="0.7%">
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">39,796,910</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">397,969</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">854,160,702</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">(329,018,559</font></p>
</td>

<TD VALIGN="middle" WIDTH="2%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: right"><font size="1">(33,186</font></p>
</td>

<TD VALIGN="middle" ALIGN="LEFT" WIDTH="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" align="left">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">525,506,926</font></p>
</td>

<td valign="bottom" align="left">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: left"><font size="2"><font size="1">See notes to consolidated financial statements.</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font size="1">(Continued on next page)</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">55</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P55 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="1">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">CONSOLIDATED STATEMENTS OF STOCKHOLDERS&rsquo; EQUITY</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">AND COMPREHENSIVE INCOME (LOSS)</font></u></font></p>

<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2"><u><font size="1">Three years ended June 30, 2008</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

<table style="MARGIN-LEFT: 1.45pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Common</font> <font size="1">Stock</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Additional Paid-In Capital</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Treasury</font> <font size="1">Stock</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Accumulated Deficit</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Accumulated</font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Other</font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Comprehensive</font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Income</font> <font size="1">(Loss)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Total</font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Stockholders&rsquo;</font></p>

<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Equity</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Number</font> <font size="1">of Shares</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Amount</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Number</font> <font size="1">of Shares</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">Amount</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom" width="19%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1.5%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Balance at July&nbsp;1, 2007</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">39,796,910</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">397,969</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">854,160,702</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="1">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(329,018,559</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(33,186</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">525,506,926</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Net income for year ended June&nbsp;30, 2008</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,853,492</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Unrealized losses on investments</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(2,209,666</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(2,209,666</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Foreign currency translation gains</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">77,002</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">77,002</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Derivatives &ndash; forward contracts</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">65,878</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">65,878</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Comprehensive income</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,786,706</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Directors&rsquo; Stock expense</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">19,266</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">193</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">58,412</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">58,605</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Common stock issued in connection with exercise of stock options</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">773,903</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">7,739</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">13,474,914</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">13,482,653</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Stock options issued to employees</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,377,778</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,377,778</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Restricted stock awards</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">80,000</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">800</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,400,295</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">1,401,095</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Treasury stock</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(11,245</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(700,006</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(700,006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Equity offering (net of expenses of $6,192,570)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">4,905,475</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">49,055</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">98,948,826</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">98,997,881</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 5.05pt; TEXT-INDENT: -0.05in; TEXT-ALIGN: left"><font size="1">Balance at June 30, 2008</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">45,575,554</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">455,756</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">969,420,927</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">(11,245</font></p>
</td>

<td  valign="middle" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(700,006</font></p>
</td>

<td valign="middle" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(325,165,067</font></p>
</td>

<td valign="middle" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="1">(2,099,972</font></p>
</td>

<td  valign="middle" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="1">641,911,638</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.62%; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.62%; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.62%; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.62%; TEXT-ALIGN: left"><font size="2"><font size="1">See notes to consolidated financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">56</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P56 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">CONSOLIDATED STATEMENTS OF CASH FLOWS</font></u></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="8">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">OPERATING ACTIVITIES:</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net income (loss)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853,492</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(18,596,267</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Adjustments to reconcile net income (loss) to net cash<br>
used in operating activities:</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Depreciation and amortization</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21,917,164</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,169,708</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,627,278</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Bad debt</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">868,093</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,817</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">289,767</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Allowance for slow-moving inventory</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,919,588</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,348,361</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,518,284</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Restructuring charge</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,216,786</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">107,401</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Warranty expense</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">390,765</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(291,764</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">382,980</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Changes in government contracts and other reserves</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">235,385</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(436,922</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,063,776</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Amortization of deferred nonrefundable patent license fee</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(952,380</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(952,380</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(952,380</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Amortization of premium/discount on investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,033</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">529,012</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(912,448</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Equity in losses of investment in Ovonyx</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">150,000</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Changes in nonrefundable advance royalties</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(906,019</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Stock and stock options issued for services rendered</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,009,778</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,763,175</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,382,287</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Gain on sale of discontinued operations</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(739,602</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Loss on sales of investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">147,696</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">53,806</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Loss(Gain) on sale of property, plant and equipment</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(179,794</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">196,812</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(43,079</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Loss on equipment impairment</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,295,977</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">306,959</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Foreign currency adjustment</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">132,644</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Changes in working capital:</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Accounts receivable</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(17,814,622</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(8,590,289</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(8,642,407</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Inventories</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,662,144</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(17,165,383</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(3,459,919</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other assets</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,167,983</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2,370,971</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(822,342</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Accounts payable and accrued expenses</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,004,020</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,913,547</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,047,330</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Accrued incentive plan</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,204,454</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">542,740</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Restructuring reserve</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2,300,972</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,523,233</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Deferred revenues under business agreements</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">199,537</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(239,815</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(938,814</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,510,161</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(21,813,892</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(21,418,931</font></p>
</td>

<td  valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>
<PAGE>

<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
</div>
<font size="2"><br>
<br>
<br>
</font>

<div align="center">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">INVESTING ACTIVITIES:</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Purchases of property, plant and equipment (including construction in progress)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(117,334,591</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(186,989,746</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(69,019,555</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Investment in Ovonyx</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(200,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(150,000</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other investment</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(150,000</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Purchase of investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(62,250,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(423,033,218</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(249,597,305</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from maturities of investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22,591,331</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">248,180,055</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18,758,845</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from sale of discontinued operations</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">891,887</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from sales of investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">115,037,850</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">288,828,325</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,050,000</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from sales of property, plant and equipment</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">287,568</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,307</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">148,997</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NET CASH USED IN INVESTING ACTIVITIES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(41,667,842</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(73,213,277</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(295,067,131</font></p>
</td>

<td  valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">FINANCING ACTIVITIES:</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from Convertible Senior Notes</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">306,762,500</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Payments for deferred financing costs</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,258,439</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from common stock issuance</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">98,997,881</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Principal payments under short-term and long-term debt obligations and assets under capitalized lease obligations</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,144,416</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(849,676</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(398,413</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Increase in long-term customer deposits</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">680,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Decrease in restricted investments</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(273,253</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.2in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Proceeds from sales of stock and exercise of stock options<br>
and warrants, net of expenses</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,482,653</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,866,111</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">397,846,971</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NET CASH PROVIDED BY FINANCING ACTIVITIES</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">417,246,926</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,016,435</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">397,448,558</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">EFFECT OF EXCHANGE RATE CHANGES ON CASH<br>
AND CASH EQUIVALENTS</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(367,647</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(181,278</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(296,085</font></p>
</td>

<td  valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 19.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">403,721,598</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(84,192,012</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">80,666,411</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">80,769,970</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">164,961,982</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">84,295,571</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="52%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">CASH AND CASH EQUIVALENTS AT END OF PERIOD</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">484,491,568</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">80,769,970</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="2%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="12%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">164,961,982</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0.06in; TEXT-ALIGN: left"><font size="2"><font size="2">See notes to consolidated financial statements.</font></font></p>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">57</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P57 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><u><font size="2">CONSOLIDATED STATEMENTS OF CASH FLOWS</font></u></font></p>

<div align="center">
<TABLE STYLE="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="57%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="8">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="57%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN: 2pt 0in 5pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN: 2pt 0in 5pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN: 2pt 0in 5pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top" WIDTH="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:</font></p>
</td>

<TD VALIGN="BOTTOM" WIDTH="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="9%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="4%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="9%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="4%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="9%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM" WIDTH="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Cash paid for interest, including capitalized interest</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,842,196</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,124,805</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">904,276</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Cash paid for income taxes</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">65,401</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">707,302</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Noncash transactions:</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 18pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0.7in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Depreciation allocated to construction in progress</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">325,820</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0.7in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Amounts due from sale of assets</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">438,887</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="57%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0.7in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Capital lease obligations to finance capital equipment</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">362,231</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">245,110</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,161,653</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 15pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><font size="2">See notes to consolidated financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">58</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P58 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Nature of Business</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Energy Conversion Devices, Inc. (ECD) commercializes materials, products and production processes for the alternative energy generation, energy storage and information technology markets.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Financial Statement Presentation, Principles of Consolidation and Equity Accounting</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The consolidated financial statements include the accounts of ECD and its 100%-owned subsidiaries United Solar Ovonic LLC and United Solar Ovonic Corporation (collectively referred to as &ldquo;United Solar&rdquo;) and its 91.4%-owned subsidiary Ovonic Battery Company, Inc. (&ldquo;Ovonic Battery&rdquo; or &ldquo;OBC&rdquo;) (collectively the &ldquo;Company&rdquo;).
No minority interest related to Ovonic Battery is recorded in the consolidated financial statements because there is no additional funding requirement by the minority stockholders.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has, as of June&nbsp;30, 2008, two major investments accounted for using the equity method: (i) Cobasys LLC, a joint venture between Ovonic Battery and a subsidiary of Chevron Corporation, Chevron Technology Ventures LLC, (&ldquo;CTV&rdquo;), each having 50% interest in the joint venture and (ii) Ovonyx, Inc., a 39.3%-owned (or 30.3% on a fully diluted
basis after giving effect for exercise of stock options and warrants) corporation with Mr.&nbsp;Tyler Lowrey, Intel Capital, and other investors. See Note&nbsp;D, &ldquo;Joint Ventures and Investments,&rdquo; of the Notes to our Consolidated Financial Statements for discussions of all of the Company&rsquo;s major joint ventures and investments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In 2000, ECD contributed noncash, in-process technology to Ovonyx in exchange for an equity interest. No value for this technology has been included in the Company&rsquo;s balance sheet. ECD accounts for this investment under an equity method accounting model that allows for the disproportionate share of the amount of the cost basis investment and the percentage
share of the underlying equity (determined as if the investee were a consolidated subsidiary) to be amortized over the estimated useful lives of the underlying assets.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Upon consolidation, all intercompany accounts and transactions are eliminated. Any profits on intercompany transactions are eliminated to the extent of the Company&rsquo;s ownership percentage.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Discontinued Operations</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In 2005, the Company, as part of its 2004 restructuring plan, decided to sell the assets of Ovonic Battery&rsquo;s metal hydride materials manufacturing business. At June&nbsp;30, 2005, the Company reclassified the current net book value of these fixed assets as assets held for sale and ceased</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">59</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P59 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">depreciating these assets. In December 2005, the Company sold Ovonic Battery&rsquo;s metal hydride materials manufacturing business to Great Western Technologies Inc. (&ldquo;GWTI&rdquo;) for installment payments totaling $906,000, which have been paid in full. The Company recorded a</font> <font size="2">gain on this sale of approximately $740,000 in the year ended June&nbsp;30, 2006.
In addition, GWTI assumed the</font> <font size="2">lease obligations for two of Ovonic Battery&rsquo;s manufacturing plants.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left"><font size="2"><font size="2">For the year ended June&nbsp;30, 2006, the Company has recorded the following results of its metal hydride materials manufacturing business as a discontinued operation in accordance with Statement of Financial Accounting Standards (&ldquo;SFAS&rdquo;) No. 144, &ldquo;Accounting for the Impairment &nbsp;or Disposal of Long-Lived Assets&rdquo;:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="59%" border="0">
<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">54,788</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Costs and expenses</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(480,411</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Gain on disposition of discontinued operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">739,602</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Income from discontinued operations before</font><br>
<font size="2">income taxes</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">313,979</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Income taxes</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="79%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net income from discontinued operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">313,979</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Cash Equivalents</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Cash equivalents consist of investments in short-term, highly liquid securities maturing 90 days or less from the date of acquisition.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Investments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has evaluated its investment policies consistent with SFAS No. 115, &ldquo;Accounting for Certain Investments in Debt and Equity Securities,&rdquo; and determined that all of its short-term investment securities are classified as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses reported in
Stockholders&rsquo; Equity under the caption &ldquo;Accumulated Other Comprehensive Income (Loss).&rdquo; The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization and accretions are included in interest income. Realized gains and losses and declines in value judged to be other than temporary on available-for-sale securities are included in other nonoperating income (expense). The cost of securities sold
is based on the specific identification method. Interest and dividends on securities classified as available-for-sale are included in interest income. Short-term investments consist of auction rate certificates (at June 30,</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">60</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P60 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">2007 only), corporate bonds and notes, and certificates of deposit which mature 91 days or more from date of acquisition.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Short-Term Investments</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following schedule summarizes the unrealized gains and losses on the Company&rsquo;s short-term investments (in thousands):</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%" border="0">
<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 19.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4" rowspan="2">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Amortized Cost</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="9">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gross Unrealized</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4" rowspan="2">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Estimated</font><br>
<font size="2">Fair Value</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 19.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gains</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="top" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(Losses)</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 19.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">June 30, 2008</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="top" width="4%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="4%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="bottom" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.35in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Corporate Bonds</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">$</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,156</font></p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><font size="2">$</font></font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2"><font size="2">&mdash;</font></font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><font size="2">$</font></font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(167</font></p>
</td>

<TD VALIGN="middle" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,989</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 19.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">June 30, 2007</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="5%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="5%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<TD VALIGN="bottom" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.35in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Auction Rate Certificates</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,100</font></p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<TD VALIGN="bottom" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,100</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.35in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Corporate Bonds</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">74,882</font></p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(6</font></p>
</td>

<TD VALIGN="bottom" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">74,903</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.35in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Certificates of Deposit</font></p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,001</font></p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1</font></p>
</td>

<TD VALIGN="bottom" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,001</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 19.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="0%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">124,983</font></p>
</td>

<td valign="top" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(7</font></p>
</td>

<TD VALIGN="middle" WIDTH="4%" ALIGN="LEFT">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">125,004</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following schedule summarizes the contractual maturities of the Company&rsquo;s short-term investments (in thousands):</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="5">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="5">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Amortized</font><br>
<font size="2">Cost</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Market</font><br>
<font size="2">Value</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Amortized</font><br>
<font size="2">Cost</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Market</font><br>
<font size="2">Value</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="40%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Due in less than one year</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,401</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,396</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">43,692</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">43,696</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Due after one year through five years</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,755</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,593</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">45,191</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">45,208</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Due after five years</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,100</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,100</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,156</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,989</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">124,983</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">125,004</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Long-Term Investments</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0.19in; TEXT-ALIGN: justify"><font size="2"><font size="2">(In thousands)</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Amortized</font><br>
<font size="2">Cost</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="9">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gross Unrealized</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4" rowspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Estimated</font><br>
<font size="2">Fair Value</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Gains</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(Losses)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="30%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">June 30, 2008</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Auction Rate Certificates*</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">34,300</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(2,023</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,277</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.19in; TEXT-ALIGN: justify"><font size="2"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u> <font size="2">&nbsp;</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.19in; TEXT-ALIGN: justify"><font size="2"><font size="2">* Auction rate certificates mature in more than five years with interest rates resetting monthly.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">61</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P61 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Auction Rate Certificates</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Auction Rate Certificates (ARCs) represent securities with fixed maturity dates the interest rates of which reset monthly. Our ARCs are Student Loan Asset-Backed Securities by the Federal Family Education Loan Program (FFELP). The payments of principal and interest on these student loans are guaranteed by the state or not-for-profit-guaranty agency and ultimately
guaranteed by the U.S. Department of Education. At the time of our initial investment and through the date of this filing, all of our ARCs are rated as AAA.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">At June&nbsp;30, 2008, the Company&rsquo;s investment advisor has valued these securities using their pricing model which is not a market model, but which does reflect some discount due to the current lack of liquidity of the investments as a result of recently failed auctions. This valuation results in an unrealized loss of $2,023,000 as of June&nbsp;30,
2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company believes this to be a temporary impairment and intends to hold these securities until the market for these securities recovers, or until maturity, and has recorded this amount in accumulated other comprehensive income (loss) on the balance sheet.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Due to the recent temporary liquidity problems experienced with these securities, they have been reclassified as Long-Term Investments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Capitalized Interest</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Interest on capitalized lease obligations and other interest expense is capitalized during active construction periods of equipment. During the year ended June&nbsp;30, 2008 and 2007, the Company incurred total interest costs of $2,851,000 and $2,125,000, respectively, of which $2,686,000 and $2,122,000, respectively, were capitalized as part of the new solar cell
manufacturing equipment currently under construction.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Impairment</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Upon the identification of an event indicating potential impairment, the Company compares the carrying value of its long-lived assets with the estimated undiscounted cash flows or fair value associated with these assets. If the carrying value of the long-lived assets is more than the estimated undiscounted cash flows or fair value, then an impairment loss is
recorded.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">62</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P62 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Financial Instruments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Due to the short-term maturities of cash, cash equivalents, short-term investments, long-term investments, accounts receivable and accounts payable, the Company believes that the carrying value of its financial instruments is a reasonable estimate of fair value. The carrying values of the long-term investments have been adjusted to reflect their fair
values.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Accounts Receivable</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company maintains an allowance for uncollectible accounts considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history and the customer&rsquo;s current ability to pay its obligation.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Inventories</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Inventories of raw materials, work in process and finished goods for the manufacture of solar cells and nickel hydroxide are valued at the lower of cost (first in, first out) or market. Cost elements included in inventory are materials, direct labor and manufacturing overhead.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Property, Plant, and Equipment</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">All properties are recorded at cost. Plant and equipment are depreciated on the straight-line method over the estimated useful lives of the individual assets. The estimated lives of the principal classes of assets are as follows:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%" border="0">
<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="50%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td width="5%">
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="40%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Years</font></p>
</td>

<td width="5%">
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Buildings and improvements*</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">1 to 33</font></p>
</td>

<td>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Machinery and other equipment</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3 to 12.5</font></p>
</td>

<td>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Assets under capitalized leases</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">3 to 20</font></p>
</td>

<td>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
<hr style="TEXT-INDENT: 80pt" align="left" width="25%" size="1">

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top" width="100">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top" width="16">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">*</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Includes leasehold improvements which are amortized over the shorter of the balance of the lease term or the life of the improvement, ranging from one to 20 years.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Costs of machinery and other equipment acquired or constructed for a particular product development project, which have no alternative future use (in other product development projects or otherwise), are charged to product development and research costs as incurred.</font></font></p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">63</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P63 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Assets under capitalized leases are amortized over the shorter of the term of the lease or the life of the equipment or facility, usually three to 20 years. Accumulated amortization on assets under capitalized leases as of June&nbsp;30, 2008 and June&nbsp;30, 2007 was $7,010,000 and $5,227,000, respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Expenditures for maintenance and repairs are charged to operations. Expenditures for betterments or major renewals are capitalized and are depreciated over their estimated useful lives.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Litigation</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The company is involved in certain legal actions and claims arising in the ordinary course of business, including, without limitation, commercial disputes, intellectual property matters, personal injury claims, tax claims and employment matters. Although the outcome of any legal matter cannot be predicted with certainty, management does not believe that any of these
legal proceedings or matters will have a material adverse effect on the consolidated financial position or results of operations. See Note R, &ldquo;Litigation,&rdquo; for additional information.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Warranty Reserve</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">A warranty reserve is recorded at the time that the product is sold. The Company estimates the liability for product warranty costs based upon its past experience and best estimate of future warranty claims.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Product Development, Patents and Technology</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Product development and research costs are expensed as they are incurred and, as such, the Company&rsquo;s investments in its technologies and patents are recorded at zero in its financial statements, regardless of their values. The technology investments are the bases by which the Company is able to enter into strategic alliances, joint ventures and license
agreements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Product Sales</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Product sales include revenues related to photovoltaic products and nickel hydroxide. Generally, the majority of product sales are recognized under Ex-Works shipping terms (buyer is informed that goods are available for shipment). All intercompany sales are eliminated in consolidation.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">64</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P64 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Business Agreements</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Revenues are also derived through business agreements for the development and/or commercialization of products based upon the Company&rsquo;s proprietary technologies. The Company has two major types of business agreements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The first type of business agreement relates to licensing the Company&rsquo;s proprietary technology. Licensing activities are tailored to provide each licensee with the right to use the Company&rsquo;s technology, most of which is patented, for a specific product application or, in some instances, for further exploration of new product applications of such
technologies. The terms of such licenses, accordingly, are tailored to address a number of circumstances relating to the use of such technology which have been negotiated between the Company and the licensee. Such terms generally address whether the license will be exclusive or nonexclusive, whether the licensee is limited to very narrowly defined applications or to broader-based product manufacture or sale of products using such technologies, whether the license will provide
royalties for products sold which employ such licensed technology and how such royalties will be measured, as well as other factors specific to each negotiated arrangement. In some cases, licenses relate directly to product development that the Company has undertaken pursuant to product development agreements; in other cases, they relate to product development and commercialization efforts of the licensee; and other agreements combine the efforts of the Company with those of the
licensee.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">License agreement fees are generally recognized as revenue at the time the agreements are consummated, which is the completion of the earnings process. Typically, such fees are nonrefundable, do not obligate the Company to incur any future costs or require future performance by the Company, and are not related to future production or earnings of the licensee. In
some instances, a portion of such license fees is contingent upon the commencement of production or other uncertainties. In these cases, license fee revenues are not recognized until commencement of production or the resolution of uncertainties. Generally, there are no current or future direct costs associated with license fees.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In the second type of agreement, product development agreements, the Company conducts specified product development projects related to one of its principal technology specializations for an agreed-upon fee. Some of these projects have stipulated performance criteria and deliverables whereas others require &ldquo;best efforts&rdquo; with no specified performance
criteria. Revenues from product development agreements that contain specific performance criteria are recognized on a percentage-of-completion basis which matches the contract revenues to the costs incurred on a project based on the relationship of costs incurred to estimated total project costs. Revenues from product development agreements, where there are no specific performance terms, are recognized in amounts equal to the amounts expended on the programs. Generally, the
agreed-upon fees for product development agreements contemplate reimbursing the Company, after its agreed-upon cost share, if any, for costs considered associated with project activities including expenses for direct product development and research, patents, operating, general and administrative expenses</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">65</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P65 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">and depreciation. Accordingly, expenses related to product development agreements are recorded as cost of revenues from product development agreements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Royalties</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Most license agreements provide for the Company to receive royalties from the sale of products which utilize the licensed technology. Typically, the royalties are incremental to and distinct from the license fee and are recognized as revenue upon the sale of the respective licensed product. In several instances, the Company has received cash payments for
nonrefundable advance royalty payments which are creditable against future royalties under the licenses. Advance royalty payments are deferred and recognized in revenues as the creditable sales occur, the underlying agreement expires, or when the Company has demonstrable evidence that no additional royalties will be creditable and, accordingly, the earnings process is completed.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Deferred Revenues</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Deferred revenues represent amounts received under business agreements in excess of amounts recognized as revenues.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Other Operating Revenues</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Other operating revenues consist principally of revenues related to services provided to certain related parties and third-party service revenue realized by certain of the Company&rsquo;s service departments. Revenues related to services are recognized upon completion of performance of the applicable service.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Other Nonoperating Income (Expense)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Other nonoperating income consists of amortization of deferred gains, rental income, and other miscellaneous income. Other nonoperating expense consists of losses on sales of investments and other miscellaneous expenses.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Stock-Based Compensation</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD has a number of stock option plans as discussed in Note&nbsp;N, &ldquo;Stock Option Plans, Warrants and Other Rights to Purchase Stock&rdquo; of the Notes to our Consolidated Financial Statements. Effective July&nbsp;1, 2005, ECD adopted SFAS No. 123(R), &ldquo;Share-Based Payment&rdquo; (SFAS No. 123(R)). This statement replaces SFAS No. 123, &ldquo;Accounting
for Stock-Based Compensation&rdquo; (SFAS No. 123) and supersedes APB No. 25. SFAS No. 123(R) requires that all</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">66</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P66 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">stock-based compensation be recognized as an expense in the financial statements and that such cost be measured at the fair value of the grant. This statement was adopted using the modified prospective method of application, which requires us to recognize compensation expense on a prospective basis. Therefore, prior period financial statements have not been adjusted. Under this method,
in addition to reflecting compensation expense for new share-based grants, expense is also recognized to reflect the remaining service period of grants that had been included in pro-forma disclosures in prior periods.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD records the fair value of stock-based compensation grants as an expense. In order to determine the fair value of stock options on the date of grant, ECD applies the Black-Scholes option-pricing model. Inherent in this model are assumptions related to expected stock-price volatility, option life, risk-free interest rate and dividend yield. While the risk-free
interest rate and dividend yield are less subjective assumptions, typically based on factual data derived from public sources, the expected stock-price volatility and option life assumptions require a greater level of judgment.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD uses an expected stock-price volatility assumption that is based on historical implied volatilities of the underlying stock which is obtained from public data sources. The risk-free interest rate is based on the yield of U.S. Treasury securities with a term equal to that of the option. With regard to the weighted-average option life assumption, ECD considers the
exercise behavior of past grants and models the pattern of aggregate exercises. Patterns are determined on specific criteria of the aggregate pool of optionees. Forfeiture rates are based on the Company&rsquo;s historical data for stock option forfeitures.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The weighted average fair value of the options granted during the years ended June&nbsp;30, 2008, 2007 and 2006 is estimated based on the date of grant using the Black-Scholes option-pricing model with the following assumptions:</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="72%" border="0">
<tr style="page-break-inside: avoid">
<td width="46%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" width="14%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" width="14%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" width="14%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="46%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Dividend Yield</font></p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">0%</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="46%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Volatility %</font></p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">61.40%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">67.89%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">68.37%</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="46%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Risk-Free Interest Rate</font></p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.02%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.62%</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.99%</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="46%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Expected Life</font></p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6.47 years</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6.63 years</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6.63 years</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Basic and Diluted Net Income (Loss) Per Share</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding. ECD uses the treasury stock method to calculate diluted earnings per share. Potential dilution exists from stock options,</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">67</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P67 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 16pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 16pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">warrants and Convertible Senior Notes. The weighted average number of shares outstanding and basic and diluted net income (loss) per share for the years ended June 30 are computed as follows:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="40%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Weighted average number of shares outstanding:</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">&#9472; for basic net income (loss) per share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">40,231,379</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,389,401</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,495,709</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">&#9472; for diluted net income (loss) per share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">41,137,849</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,389,401</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,495,709</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net income (loss) from continuing operations <BR>before income taxes</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,009,393</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Income taxes</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">155,901</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Net income (loss) from continuing operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(18,910,246</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Discontinued operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">313,979</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net income (loss)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853,492</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,230,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(18,596,267</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basic net income (loss) per share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Continuing operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Discontinued operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.57</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Diluted net income (loss) per share</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Continuing operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.58</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Discontinued operations</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.01</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.57</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 16pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">For 2008, the weighted average shares for both basic and diluted earnings per share do not include shares issued pursuant to the share lending agreement (see Note M).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Due to the Company&rsquo;s net losses, the 2007 and 2006 weighted average shares of potential dilutive securities of 1,140,153 (including the weighted average of the restricted stock awards issued in the three months ended June&nbsp;30, 2007) and 2,092,283, respectively, were excluded from the calculations of diluted loss per share, as inclusion of these securities
would have been antidilutive to the net loss per share.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Use of Estimates</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&ldquo;U.S. GAAP&rdquo;) requires management to make estimates and assumptions that affect amounts reported therein. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be based
upon amounts that differ from those estimates.</font></font></p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">68</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P68 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Preproduction Costs</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company recognizes in its Consolidated Statements of Operations costs in preparation for its new manufacturing facilities and equipment as preproduction costs. These costs include training of new employees, supplies and other costs for the new manufacturing facilities in advance of the commencement of manufacturing.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Shipping and Handling Costs</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Costs related to shipping and handling are recorded as a component of cost of product sales. Payments received from customers for shipping and handling costs are classified as product sales.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Derivative Instruments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We hold derivative financial instruments to manage foreign currency risks. We account for these instruments in accordance with SFAS No. 133, &ldquo;Accounting for Derivative Instruments and Hedging Activities.&rdquo; SFAS 133 requires companies to recognize derivatives as either assets or liabilities in the balance sheet at fair value. For derivative instruments
that qualify as a hedge, the effective portion of changes in the fair value is recorded in accumulated other comprehensive income (loss). Any ineffective portion of the change in fair value is recognized in current earnings.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Recent Pronouncements</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In September 2006, the FASB issued SFAS No. 157, &ldquo;Fair Value Measurements,&rdquo; which defines fair value and establishes a framework for measuring fair value. SFAS No. 157 does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. In
February 2008, the FASB issued FASB Staff Position (&ldquo;FSP&rdquo;) 157-2, &ldquo;Effective Date of FASB Statement No. 157.&rdquo; This guidance defers the effective date of SFAS 157 for all nonfinancial assets and nonfinancial liabilities, except for items that are recognized at fair value on an annual basis. SFAS 157 is effective for financial statements issued for fiscal years beginning after November&nbsp;15, 2007. FSP 157-2 defers the effective date for certain items to
November 15, 2008. These pronouncements are not expected to have a significant impact on the Company&rsquo;s financial statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In February 2007, the FASB issued SFAS No. 159, &ldquo;The Fair Value Option for Financial Assets and Financial Liabilities.&rdquo; This statement permits entities to choose to measure many financial instruments and certain other items at fair value. This statement is effective as of the beginning of an entity&rsquo;s first year that begins after November&nbsp;15,
2007. This pronouncement is expected to have no impact on the Company&rsquo;s financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">69</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P69 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In June 2007, the FASB Emerging Issues Task Force (&ldquo;EITF&rdquo;) reached a consensus that EITF Issue No.07-3, &ldquo;Accounting for Nonrefundable Advance Payments for Goods or Services Received for Use in Future Research and Development Activities&rdquo; is effective for financial statements issued for fiscal years beginning after December&nbsp;15, 2007, and
interim periods within those fiscal years. Earlier application is not permitted. EITF Issue No. 07-3 requires that nonrefundable advance payments for goods or services that will be used or rendered for future research and development activities should be deferred and capitalized. Such amounts should be recognized as an expense as the goods are delivered or the related services are performed. This pronouncement is expected to have no impact on the Company&rsquo;s financial
statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On December&nbsp;4, 2007, the FASB issued SFAS No. 160, &ldquo;Noncontrolling Interests in Consolidated Financial Statements &ndash; An Amendment of ARB No. 51.&rdquo; Statement 160 establishes new accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. Specifically, this statement requires the
recognition of a noncontrolling interest (minority interest) as equity in the consolidated financial statements and separate from the parent&rsquo;s equity. The amount of net income attributable to the noncontrolling interest will be included in consolidated net income on the face of the income statement. Statement 160 clarifies that changes in a parent&rsquo;s ownership interest in a subsidiary that do not result in deconsolidation are equity transactions if the parent retains its
controlling financial interest. In addition, this statement requires that a parent recognize a gain or loss in net income when a subsidiary is deconsolidated. Such gain or loss will be measured using the fair value of the noncontrolling equity investment on the deconsolidation date. Statement 160 also includes expanded disclosure requirements regarding the interests of the parent and its noncontrolling interest. Statement 160 is effective for fiscal years, and interim periods with
those fiscal years, beginning on or after December&nbsp;15, 2008. Earlier adoption is prohibited. The Company is currently assessing the potential impact that the adoption of this Statement will have on its financial statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In December 2007, the FASB issued SFAS 141R, &ldquo;Business Combinations,&rdquo; which is a revision of SFAS 141. FAS 141R changes the accounting for acquisitions. Significant changes include the expensing of acquisition costs, recognition of the business combination on the acquisition date and the recognition of contingent consideration at fair value on the
acquisition date. SFAS 141R is effective for fiscal years beginning after December 15, 2008. The impact of this Statement will be determined if and when an acquisition occurs.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">SFAS No. 161, &ldquo;Disclosures about Derivative Instruments and Hedging Activities &ndash; An Amendment of FASB Statement No. 133,&rdquo; was issued in March 2008. The standard requires enhanced disclosures about how and why a company uses derivative instruments, how derivative instruments and related hedged items are accounted for under SFAS No. 133 and how
derivative instruments and related hedged items affect a company&rsquo;s financial position, financial performance and cash flows. SFAS No. 161 is effective for fiscal years beginning after November 15, 2008.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">70</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P70 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE A &ndash; The Company and Summary of Accounting Policies (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">Early adoption is permitted. The Company is currently assessing the potential impact that the adoption of this Statement will have on its financial statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">SFAS No. 162, &ldquo;The Hierarchy of Generally Accepted Accounting Principles,&rdquo; was issued in May 2008. The standard defines the order in which various sources of generally accepted accounting principles should be followed. It is effective 60 days following the SEC&rsquo;s approval of the Public Company Accounting Oversight Board&rsquo;s amendments to AU 411,
&ldquo;The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.&rdquo; The Company believes this standard will not have an impact on its financial statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In May 2008, the FASB issued FASB Staff Position (FSP) No. APB 14-1, &ldquo;Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion.&rdquo; The FSP applies to convertible debt instruments that give the issuer the choice of settling the instrument on conversion either (a) entirely in cash or other assets or (b) partially in shares and
partially in cash or other assets. The FSP would require issuers to account separately for the liability and equity components of convertible debt instruments that have stated terms permitting settlement on conversion in cash or other assets, with one exception. That accounting would not apply if the embedded conversion option must be accounted for separately as a derivative under Statement 133. Convertible preferred shares accounted for in equity or temporary equity would also not
be subject to the FSP. The FSP would be effective for financial statements issued for fiscal years beginning after December&nbsp;15, 2008 and interim periods within those fiscal years. Early adoption would not be permitted. The FSP APB 14-1 would be applied retrospectively to all periods presented in the financial statements. The cumulative effect of the accounting change on periods before those presented would be recognized as of the beginning of the first period presented, with an
offsetting adjustment to the opening balance of retained earnings for that period, which would be presented separately. &nbsp;&nbsp;&nbsp;Assuming a market rate of 12% on our Convertible Senior Notes, the implementation of FSP APB 14-1 would result in a reduction of our Convertible Senior Notes of approximately $102,770,000, an increase in additional paid-in capital of approximately $102,770,000 and an increase in interest expense of approximately $550,000 for the year ended June
30, 2008.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">71</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P71 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE B &ndash; Accounts Receivable</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Accounts Receivable consist of the following:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="80%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="55%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Billed</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Trade</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">44,970,185</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27,827,263</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Related parties</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">344,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">322,105</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,304,837</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,248,228</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.95in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Subtotal</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">48,619,961</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,397,596</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Unbilled</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Trade</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,328,535</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,544,162</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Related parties</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">77,122</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">85,905</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,324,541</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,007,912</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.95in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Subtotal</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,730,198</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,637,979</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Less allowance for uncollectible accounts</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(825,000</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(538,000</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">53,525,159</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,497,575</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE C &ndash; Inventories</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Inventories (substantially all for United Solar) are as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="60%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="37%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Finished products</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,892,883</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="14%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,399,784</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Work in process</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,413,964</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,495,945</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Raw materials</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,029,966</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,796,449</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,336,813</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">38,692,178</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The above amounts include an allowance for obsolescence of $4,790,000 and $1,870,000 as of June&nbsp;30, 2008 and 2007, respectively.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">72</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P72 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE D &ndash; Joint Ventures and Investments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Joint Ventures</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><i><font size="2">Cobasys, LLC</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company recognized $952,000 as revenue from license agreements in each of the years ended June&nbsp;30, 2008, 2007 and 2006 in connection with the amortization of a license fee received in July 2004 from Panasonic EV Energy Co., Ltd. as part of a settlement of a certain patent infringement dispute.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company recorded revenue from Cobasys of $548,000, $845,000 and $1,047,000 for the years ended June&nbsp;30, 2008, 2007 and 2006, respectively, for services performed on behalf of Cobasys (primarily for advanced product development testing and other services).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Ovonyx Inc.</font></i></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In addition to its equity interest, ECD also receives 0.5% of the Ovonyx annual gross revenues which it recognizes as royalty revenue. Royalty revenue was $64,000, $51,000 and $10,000 for the years ended June&nbsp;30, 2008, 2007 and 2006, respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD recorded nonroyalty revenue from Ovonyx of $251,000, $705,000 and $493,000, respectively, for the years ended June&nbsp;30, 2008, 2007 and 2006 representing services provided to this joint venture.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE E &ndash; Liabilities</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Warranty Liability</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 10pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following is a summary of the changes in the product warranty liability during the years ended June&nbsp;30, 2008, 2007 and 2006:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="95%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="8">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="40%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Liability at beginning of the period</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,325,452</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,835,136</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,635,532</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Amounts accrued for as warranty costs</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">390,765</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(291,764</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)*</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">382,980</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Warranty claims</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(216,934</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(217,920</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(183,376</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Liability at end of period</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,499,283</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,325,452</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,835,136</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<hr style="TEXT-INDENT: 9pt" align="left" width="25%" size="1">

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="95%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top" width="10">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top" width="16">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">*</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 1pt" valign="top" width="510">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">During the year ended June&nbsp;30, 2007, the Company revised its warranty liability, based upon its recent experience, and recorded a reduction in this liability.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">73</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P73 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE E &ndash; Liabilities (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Government Contracts, Reserves and Liabilities</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company&rsquo;s contracts with the U.S. Government and its agencies are subject to audits by the Defense Contract Audit Agency (&ldquo;DCAA&rdquo;). DCAA has audited the Company&rsquo;s indirect rates, including its methodology of computing these rates, for the years through June&nbsp;30, 2004. In its reports, DCAA questioned the allowability and the
allocability of certain costs as well as the Company&rsquo;s methodology for allocating independent research and development to its indirect cost pools. In August 2005, the Company was requested to provide additional information to the Department of Energy (&ldquo;DOE&rdquo;) in support of the allowability of these items in dispute with DCAA. In December 2005, the Company provided the requested information to DOE. In June 2006, the Company received a final determination letter from
DOE on some of these matters. In some matters DOE agreed with the Company&rsquo;s position and in others with the DCAA position. Based on their determination, in June 2006, the Company reduced its reserve by $573,000. The Company has a reserve of $1,851,000 and $1,899,000 at June&nbsp;30, 2008 and 2007, respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In connection with a 1992 battery development contract with the United States Advanced Battery Consortium (&ldquo;USABC&rdquo;), partially funded by the DOE, the Company has agreed to reimburse USABC and DOE for payments to the Company under the 1992 contract. The agreed reimbursement includes a 15% share of royalty payments the Company receives through May&nbsp;3,
2012 where Ovonic NiMH batteries serve as the primary source of power for electric vehicles. The Company has accrued as an expense 15% of such royalty payments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Other Long-Term Liabilities</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">A summary of the Company&rsquo;s other long-term liabilities is as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="85%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="50%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Capital leases</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22,459,864</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">24,252,204</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Long-term retirement</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,316,368</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,275,341</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,417,949</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">347,111</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27,194,181</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26,874,656</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Less amounts included in current liabilities</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,389,151</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,078,781</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 52.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Total Other Long-Term Liabilities</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">25,805,030</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">25,795,875</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">74</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P74 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE E &ndash; Liabilities (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Capital Leases</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has two principal capital leases, both for United Solar facilities. One lease, entered into in April 2001, is for 15 years with two renewal terms of five years each subject to certain provisions. This lease, which is for United Solar&rsquo;s headquarters and the first Auburn Hills manufacturing facility, was recorded in 2001 as a capitalized lease asset
and a capital lease liability in the amount of $10,000,000, representing the net present value of all lease payments. The other lease, entered into in June 2005, is for 10 years with an option for an additional 10 years. This lease, which is for United Solar&rsquo;s second manufacturing facility, was recorded in 2006 as a capitalized lease asset and a capital lease liability in the amount of $15,900,000, representing the fair market value of this facility.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Long-Term Retirement</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Long-term retirement represents amounts owed to two former employees for deferred compensation and benefits. The former employees are entitled to receive periodic payments for the remainder of their lives. The payments are pursuant to agreements between the Company and the former employees. The total amount of payments due is based on the periodic payments and the
life expectancy based on mortality tables in effect at the time of their retirement. The liability is then discounted to a present value using an AA-rated bond that most closely represents the remaining life expectancy of the former employees.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Operating Leases</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has operating lease agreements, principally for office and research facilities and equipment. These leases, in some instances, include renewal provisions at the option of the Company. Rent expense under such lease agreements for the years ended June&nbsp;30, 2008, 2007 and 2006 was approximately $4,955,000, $3,084,000 and $2,658,000,
respectively.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">75</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P75 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE E &ndash; Liabilities (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Future Minimum Payments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Future minimum payments on obligations under capital leases and noncancellable operating leases expiring in each of the five years subsequent to June&nbsp;30, 2008 are as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="59%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Capital</font><br>
<font size="2">Leases</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Operating</font><br>
<font size="2">Leases</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2009</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12.7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,245,162</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12.7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,498,470</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2010</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,139,442</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,182,129</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2011</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,107,198</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,294,287</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2012</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,147,321</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,688,227</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2013</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,147,321</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,801,868</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Thereafter</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28,567,438</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,442,942</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">TOTAL</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">44,353,882</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,907,923</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Less interest included above</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">20,846,089</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="59%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Present value of minimum payments</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">23,507,793</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE F &ndash; Employee Benefit Plans</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD and its subsidiaries are participating in qualified 401(k) plans that are available to all employees. ECD and Ovonic Battery matched participants&rsquo; contributions at a rate of 100% of the first 2% of the participant&rsquo;s compensation and 50% of the next 4% of the participant&rsquo;s compensation. United Solar matched 50% of the first 8% of the
participant&rsquo;s compensation through December&nbsp;31, 2006, and 100% of the first 3% and 50% of the next 2% thereafter. The Company&rsquo;s matching contributions were $1,242,000, $1,253,000 and $1,094,000 for the years ended June&nbsp;30, 2008, 2007 and 2006, respectively.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE G &ndash; Derivative Financial Instruments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our primary exposure to foreign currency risk is forecasted transactions denominated in yen. Beginning in June 2008, ECD entered into several forward contracts to mitigate the risks associated with changes in exchange rates between the dollar and the yen. Our sole exposure to foreign currency changes is for commitments to purchase equipment from a supplier located
in Japan. We use forward contracts exclusively to hedge forecasted transactions. We do not use forward contracts for speculative purposes. We recognize the effective portion of the changes in fair value of forward contracts as a component of accumulated other comprehensive income (loss). The ineffective portion is recorded in earnings. The ineffective amount was approximately $35,000 for the year ended June 30, 2008. At June&nbsp;30, 2008, unrealized gains on these contracts
were</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 7pt; MARGIN-BOTTOM: 7pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">76</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P76 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE G &ndash; Derivative Financial Instruments (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">approximately $66,000 and are recorded in other comprehensive income (loss). As of June&nbsp;30, 2008, we had outstanding contracts to sell 771.4 million yen ($7.3 million). We also have one outstanding contract to buy 12.2 million yen ($112,800).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE H &ndash; Lines of Credit</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Effective February 2008, ECD, as Loan Guarantor, and United Solar Ovonic LLC and United Solar Ovonic Corporation (collectively, the &ldquo;Borrowers&rdquo;), entered into a new secured credit facility, with an aggregate commitment of up to $55,000,000, pursuant to a Credit Agreement and a Fast Track Export Loan Agreement with JPMorgan Chase Bank, N.A. The new credit
facility is comprised of two separate lines of credit, a $30,000,000 line (the &ldquo;Asset Based Revolver&rdquo;) and a $25,000,000 line (the &ldquo;Ex-Im Revolver&rdquo;). Both lines are secured by inventory and receivables of the Borrowers.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has two borrowing options &ndash; Alternate Base Rate borrowings and Eurodollar Rate borrowings. Interest on Alternate Base Rate advances is incurred at the prime rate less 1.00% and is payable monthly. Eurodollar advances are charged interest at LIBOR plus 1.25%. Eurodollar Rate advances pay interest upon repayment of the related borrowing. The interest
rate on both Alternate Base Rate and Eurodollar borrowings is subject to modification based upon the Company&rsquo;s liquidity.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The credit facility has, among others, a financial covenant which requires the company to maintain a minimum liquidity of $10&nbsp;million at all times. Liquidity is defined as the sum of (a) cash (b) the market value of cash equivalents, (c) liquid investment securities and (d) aggregate borrowing availability under the facility. The Company was in compliance with
this covenant at June&nbsp;30, 2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.54in; TEXT-ALIGN: justify"><font size="2"><font size="2">At June 30, 2008, there were no amounts outstanding on this credit facility. Letters of credit totaling $1,944,000 had been issued against the facility as of June 30, 2008. Any amounts advanced under this credit facility are payable upon the expiration of the agreement in February 2013.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.97%; TEXT-INDENT: -2.97%; TEXT-ALIGN: justify">&nbsp;</p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">77</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P77 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">NOTE I &ndash; Convertible Senior Notes</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In June 2008, the Company completed an offering of $316,250,000 of 3.00% Convertible Senior Notes. Proceeds to the Company were $306,762,500, net of debt issuance costs of $9,487,500. An additional $1,258,000 of issuance costs were also incurred and paid directly by the Company. All debt issuance costs are being amortized over the life of the Convertible Senior
Notes using the interest method. Amortization expense for the year ended June&nbsp;30, 2008 was $42,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Interest is payable semi-annually in arrears on June&nbsp;15 and December&nbsp;15. If the notes are not converted, they will mature on June&nbsp;15, 2013.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Prior to March&nbsp;15, 2013, the notes are only convertible under specific circumstances involving the price of the Company&rsquo;s common stock, the price of the convertible notes and certain corporate transactions (an offering of common stock at a price less than market; a distribution of cash or other assets to stockholders; is party to a merger, consolidation
or share exchange; a change in control or the Company&rsquo;s common stock ceases to be listed for trading). From March&nbsp;15, 2013, through June&nbsp;14, 2013, the conversion rate is dependent on the trading price of the Company&rsquo;s common stock for the 20 trading days immediately preceding the conversion. The notes will be settled in a combination of common</font> <font size="2">stock and cash.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">NOTE J &ndash; Commitments and Contingencies</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company, in the ordinary course of business, enters into purchase commitments for raw materials. In December 2007, the Company entered into a purchase agreement for germane gas totaling $8,458,000. The agreements are effective through December 2008. The agreements require the Company to purchase a committed amount of germane gas at a monthly fixed price, which
the Company believes it will consume in its normal course of operations during the period January through October 2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company also enters into purchase commitments for capital equipment. As of June&nbsp;30, 2008, the Company had purchase commitments of approximately $80,836,000 related to its previously announced goal of expanding United Solar&rsquo;s manufacturing capacity to 300MW by 2010.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company presently intends to fund this additional expansion through existing funds and cash from operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">During the year ended June&nbsp;30, 2008, the Company received total insurance proceeds of approximately $1,682,000 related to business interruptions at one of our facilities. Of that amount, approximately $1,596,000 was classified as proceeds to recover lost profits related to those events.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">78</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P78 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">NOTE K &ndash; Royalties, Nonrefundable Advance Royalties and License Agreements</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company has business agreements with third parties and with related parties for which royalties and revenues are included in the Consolidated Statements of Operations.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">At both June&nbsp;30, 2008 and 2007, the Company deferred recognition of revenue in the amount of $245,660 relating to nonrefundable advance royalty payments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Creditable royalties earned and recognized as revenue in 2006 were $904,000 related to advance royalty payments received by the Company in prior years associated with license agreements under which the licensees no longer have a contractual obligation to make payments.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Fiscal years 2008, 2007 and 2006 included license fees of $952,000 resulting from the amortization over 10.5 years of the $10,000,000 payment received in July 2004 in connection with a settlement of a patent infringement dispute with Matsushita Electric Industrial Co. There were also new license agreements in 2008 and 2007, principally with new licensees in
China.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE L &ndash; Restructuring Charges</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Pursuant to our restructuring plan implemented during the year ended June&nbsp;30, 2007, we have consolidated the photovoltaics and machine-building activities into United Solar and reduced costs in both the Ovonic Materials segment and Corporate Activities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The restructuring charges were principally associated with management&rsquo;s decision to consolidate and redesign its business activities, which are included in the Consolidated Statements of Operations. The charges were primarily for severance and costs associated with the closing of facilities.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following summarizes activity in the Company&rsquo;s restructuring reserve through June&nbsp;30, 2007 and 2008.</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="33%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 2.25pt; TEXT-ALIGN: left"><font size="2">(In Millions)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Employee-</font><br>
<font size="2">Related Expenses</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Other Expenses</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Total</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Balance July&nbsp;1, 2006</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Charges</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,927,939</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,457,338</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,385,277</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Utilization or payment</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,044,205</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(710,438</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,754,643</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Balance July&nbsp;1, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,883,734</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">746,900</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,630,634</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Charges</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,179,338</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,217,127</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,396,465</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 26.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Utilization or payment</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(5,977,174</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(5,805,263</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(11,782,437</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="33%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">June&nbsp;30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,085,898</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">158,764</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,244,662</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">79</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P79 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE L &ndash; Restructuring Charges (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In addition, as part of the restructuring, the Company will no longer be using its Wafer Lab equipment. This equipment, with a net book value of approximately $1,539,000, is currently classified as</font> <i><font size="2">Assets Held for Sale</font></i> <font size="2">and the Company is in negotiations with interested parties for the sale of this equipment at a
sale price of more than the net book value of this equipment.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Restructuring costs are expected to be between $2,500,000 to $3,000,000 for fiscal 2009.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE M &ndash; Common Stock</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Prior to September&nbsp;30, 2005, ECD had three classes of stock as follows: Class A Convertible Common Stock, which was entitled to 25 votes per share; Class&nbsp;B Convertible Common Stock and Common Stock, each entitled to one vote per share.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On September&nbsp;30, 2005, in accordance with the applicable agreement, 100% of the convertible stock (219,913 shares of Class A Convertible Stock and 430,000 shares of Class B Convertible Stock) were converted into Common Stock on a share-for-share basis.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In March 2006, ECD sold 8,050,000 shares of common stock in connection with a public offering, including an over-allotment option exercised by the underwriters, and received net proceeds of approximately $360,854,000. Of the 8,050,000 shares, 383,072 shares were sold by certain officers and directors for which ECD did not receive any proceeds other than the
aggregate option exercise price of approximately $4,668,000. Immediately following the completion of the offering, each of the directors and officers owned shares equal to or greater than the number of shares owned prior to the public offering.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In June 2008, in conjunction with the offering of the Convertible Senior Notes, ECD sold 1,460,500 shares of common stock in a public offering. This included the over-allotment option exercised by the underwriters. We received net proceeds of approximately $99,372,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As part of the agreement for the Convertible Senior Notes issued in June 2008, the Company also issued 3,444,975 shares as part of a &ldquo;share-lending&rdquo; arrangement with the underwriter. The purpose of the share-lending agreement is to facilitate transactions which allow the investors in the Convertible Senior Notes to hedge their investments in the
notes.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The underwriter received all proceeds from any sale of shares pursuant to the share lending agreement. The underwriter provided ECD collateral equal to the par value of the common stock. The shares must be returned to ECD no later than the maturity date of the Convertible Senior Notes. These shares are considered issued and outstanding and have all the rights of any
holder of the Company&rsquo;s common stock. However, because the shares must be returned to the Company, the shares are not considered outstanding for the purposes of calculating earnings per share.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">80</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P80 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE M &ndash; Common Stock (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">During the years ended June&nbsp;30, 2008, 2007 and 2006, ECD issued 19,266, 6,425 and 1,440 shares of restricted Common Stock, respectively, as compensation to directors. ECD recorded compensation expense, based upon the fair market value of these shares at the date of issuance, for the years ended June&nbsp;30, 2008, 2007 and 2006 of approximately $59,000,
$242,000 and $60,000, respectively, related to these restricted shares of Common Stock.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD has Common Stock reserved for issuance as follows:</font></font></p>

<div align="center">
<TABLE STYLE="BORDER-COLLAPSE: collapse" CELLSPACING="0" CELLPADDING="0" WIDTH="90%">
<tr style="page-break-inside: avoid">
<td style="BACKGROUND: white">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" colspan="7">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Shares</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="BACKGROUND: white">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BACKGROUND: white; BORDER-BOTTOM: black 1pt solid" colspan="3">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2008</font></p>
</td>

<TD STYLE="BORDER-TOP: black 1pt solid" VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" colspan="3">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2007</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<TD VALIGN="top" WIDTH="47%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Stock options</font></p>
</td>

<TD WIDTH="2%">
</td>

<TD WIDTH="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,692,968</font></p>
</td>

<TD WIDTH="2%">
</td>

<TD VALIGN="BOTTOM" WIDTH="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<TD WIDTH="2%">
</td>

<TD WIDTH="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,568,747</font></p>
</td>

<TD VALIGN="BOTTOM" WIDTH="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Warrants</font></p>
</td>

<td width="2%">
</td>

<td style="BACKGROUND: white">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">400,000</font></p>
</td>

<td>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td>
</td>

<td style="BACKGROUND: white">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">400,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Convertible Investment Certificates</font></p>
</td>

<td width="2%">
</td>

<td style="BORDER-BOTTOM: black 1pt solid">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,210</font></p>
</td>

<td>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td>
</td>

<td style="BORDER-BOTTOM: black 1pt solid">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,210</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.4in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">TOTAL RESERVED SHARES</font></p>
</td>

<td width="2%">
</td>

<td style="BORDER-BOTTOM: black 2.25pt double">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,098,178</font></p>
</td>

<td>
</td>

<TD VALIGN="BOTTOM">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,973,957</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Stock Plans</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">ECD has three stockholder-approved plans: the 1995 Non-Qualified Stock Option Plan (the &ldquo;1995 Plan&rdquo;) pursuant to which 2,000,000 shares were reserved for grants; the 2000 Non-Qualified Stock Option Plan (the &ldquo;2000 Plan&rdquo;) pursuant to which 3,000,000 shares were reserved for grants; and the 2006 Stock Incentive Plan (the &ldquo;2006
Plan&rdquo;) pursuant to which 1,000,000 shares are reserved for grants. ECD issues authorized but previously unissued shares upon the exercise of stock options, the granting of restricted stock (RSAs) and the redemption of restricted stock units (RSUs).</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The 1995 Plan expired on January&nbsp;26, 2005 and no additional grants will be made under this Plan. Effective November&nbsp;14, 2006, the date ECD stockholders approved the 2006 Stock Incentive Plan, ECD will not grant any additional options under the 2000 Plan. There are still outstanding options under each of these plans.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The 2006 Plan authorizes the grant of stock options, including nonqualified and incentive options, stock appreciation rights, restricted stock awards, restricted stock units, performance shares and performance units to officers, other employees, nonemployee directors, consultants, advisors, independent contractors and agents of ECD and its subsidiaries. The
Committee will determine the period during which an option may be exercised and the terms relating to the exercise or cancellation of an option upon a termination of employment or service, but no option</font></font></p>
<font size="2"><br>
</font>


<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">81</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P81 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">shall fully vest in less than four years, with no more than 40% vesting in the first year following the award, no more than a total of 60% of the option vesting by the end of the second year following the award and no more than a total of 80% of the option vesting by the end of the third year following the award. Each option will be exercisable for no more than 10 years after its date
of grant, except that an incentive option granted to a participant owning more than 10% of ECD&rsquo;s voting shares will be exercisable for no more than five years after its date of grant.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Total net stock-based compensation expense is attributable to the granting of and the remaining requisite service periods of stock options previously granted.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In June 2008, 30,000 shares of restricted stock awards issued to the Company&rsquo;s CEO became fully vested in accordance with the terms and conditions of this award. This accelerated vesting resulted in an additional expense of $584,000.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As of June 30, 2008, the total unrecognized compensation cost related to nonvested stock options, restricted stock awards and restricted stock units was as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted average period</font><br>
<font size="2">to be recognized</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="40%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Nonvested Stock Options</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="12%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,024,716</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="15%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1.58 years</font></p>
</td>

<td valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Nonvested Restricted Stock Awards</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,186,064</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2.70 years</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Nonvested Restricted Stock Units</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">184,100</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.00 years</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,394,880</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Stock Options</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">A summary of the transactions during the fiscal years 2008, 2007 and 2006 with respect to ECD&rsquo;s 1995, 2000 and 2006 Plans follows:</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">82</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P82 --><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock (Continued)</font></u></font></p>

<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Shares</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Exercise Price</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Aggregate Intrinsic Value <sup>(1)</sup></font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average</font><br>
<font size="2">Contractual Life</font><br>
<font size="2">Remaining in Years</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="30.5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding at June&nbsp;30, 2005</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,268,635</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.23</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,520,259</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="4.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">6.15</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Granted</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,748</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">43.77</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(897,895</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.86</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Expired</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(54,800</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15.94</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Forfeited</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(3,425</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12.62</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding at June&nbsp;30, 2006</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,349,263</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.63</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22,935,128</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">6.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Granted</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32.90</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(381,623</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18.87</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Expired</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,500</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11.98</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Forfeited</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(14,300</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26.40</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding at June&nbsp;30, 2007</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">966,840</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">20.05</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,901,717</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">4.86</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Granted</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">149,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31.19</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(238,644</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18.42</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Expired</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,410</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35.13</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 41pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Forfeited</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,200</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">50.16</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding at June&nbsp;30, 2008</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">874,586</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22.33</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">44,875,113</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">5.20</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></font></p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 4pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 4pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The intrinsic value of a stock option is the amount by which the current market value of the underlying stock exceeds the exercise price of the option.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The table below sets forth stock options exercisable during the three years ended June&nbsp;30, 2008, 2007 and 2006:</font></font></p>

<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Shares</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Exercise Price</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="4">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Aggregate Intrinsic Value <sup>(1)</sup></font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average</font><br>
<font size="2">Contractual Life</font><br>
<font size="2">Remaining in Years</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="30%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercisable at June&nbsp;30, 2006</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,013,245</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.86</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,789,349</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4.5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">5.44</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercisable at June&nbsp;30, 2007</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">858,542</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.48</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,923,559</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">4.46</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercisable at June&nbsp;30, 2008</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">711,110</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">20.08</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">38,085,251</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">4.26</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></font></p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The intrinsic value of a stock option is the amount by which the current market value of the underlying stock exceeds the exercise price of the option.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">83</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P83 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The weighted average grant date fair value per option granted and the total intrinsic value of stock options exercised during the fiscal years ended June&nbsp;30, 2008 and 2007 were as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="8">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="55%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Weighted average grant date fair value per option granted</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">19.19</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22.03</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29.61</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.2pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total intrinsic value of stock options exercised</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,843,891</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,730,024</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17,857,237</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Restricted Stock Awards</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Restricted stock awards (&ldquo;RSAs&rdquo;) consist of shares of common stock of ECD issued at a price of $0. Upon issuance, RSAs become outstanding and have voting rights. The shares issued to employees are subject to forfeiture and to restrictions which limit the sale or transfer during the restriction period. The fair value of the RSAs is determined on the date
of grant based on the market price of ECD&rsquo;s common stock and is recognized as compensation expense. The value of RSAs granted to employees is amortized over their three-year vesting period, while the value of RSAs granted to nonemployee directors is amortized over a two- to nine-year vesting period. Information concerning RSAs awarded under the 2006 Stock Incentive Plan during fiscal 2008, fiscal 2007 and fiscal 2006 is as follows:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="85%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Shares</font></p>
</td>

<td>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="6">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted Average</font><br>
<font size="2">Grant Date Fair Value</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="30%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Outstanding at June&nbsp;30, 2006</font></p>
</td>

<td width="4.5%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="4.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Awarded</font></p>
</td>

<td>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">23,352</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35.92</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Outstanding at June&nbsp;30, 2007</font></p>
</td>

<td>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">23,352</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35.92</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Awarded</font></p>
</td>

<td>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">99,266</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">28.88</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Released</font></p>
</td>

<td>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(32,784</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26.76</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><font size="2">Outstanding at June&nbsp;30, 2008</font></p>
</td>

<td>
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">89,834</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31.49</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">Restricted Stock Units</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">On June&nbsp;30, 2008, the Compensation Committee of the Board of Directors approved the grant of 2,500 restricted stock units (RSUs) to Mark D. Morelli, the Company&rsquo;s president and CEO. The RSUs settle on a one-for-one basis in shares of ECD common stock and vest on June&nbsp;3, 2011,</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">84</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P84 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">subject to early vesting in accordance with the terms of the 2006 Stock Incentive Plan or the Executive Severance Plan, as applicable. The aggregate intrinsic value of the RSUs is $184,100.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following is a summary of the transactions during the fiscal years ended June&nbsp;30, 2008, 2007 and 2006 with respect to the Stock Option Agreements between ECD and Stanford R. Ovshinsky and Dr.&nbsp;Iris M. Ovshinsky dated November 18, 1993. Upon the death of Dr.&nbsp;Ovshinsky in August 2006, and pursuant to the terms of the Stock Option Agreements and the
Company&rsquo;s stock option plans, options owned by Dr.&nbsp;Ovshinsky were transferred to her estate, of which Mr.&nbsp;Ovshinsky is the executor.</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 19.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Shares</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Exercise Price</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Aggregate Intrinsic Value<sup>(1)</sup></font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="6">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Contractual Life Remaining in Years</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="30%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 17pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2005</font></p>
</td>

<td valign="bottom" width="3%">
</td>

<td valign="bottom" width="8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">870,731</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="4.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14.99</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="8.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,439,038</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="6.5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 50pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(218,572</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7.01</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 17pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">652,159</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17.66</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,241,480</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 50pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(206,900</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16.38</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 19.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">445,259</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18.25</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,595,637</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(2</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 50pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(445,259</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">18.25</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 19.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2008</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="2">&nbsp;</font></font></p>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 2pt; PADDING-TOP: 3pt" valign="top" width="16">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 2pt; PADDING-TOP: 3pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 2pt; PADDING-TOP: 3pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The intrinsic value of a stock option is the amount by which the current market value of the underlying stock exceeds the exercise price of the option.</font></p>
</td>
</tr>
</table>

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="16">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">According to the terms of the Stock Option Agreements, the expiration date of the options was 12 months after termination of employment other than voluntary termination. Upon Mr.&nbsp;Ovshinsky&rsquo;s retirement effective August&nbsp;31, 2007, the shares owned by him were exercisable through August&nbsp;31, 2008. The shares owned by the estate of
Dr.&nbsp;Ovshinsky were exercisable through August&nbsp;16, 2008.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following is a summary of the transactions during the fiscal years ended June&nbsp;30, 2008, 2007 and 2006 with respect to the Stock Option Agreement between Robert C. Stempel and ECD entered into in January 1999:</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">85</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P85 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE N &ndash; Stock Option Plans, Warrants and Other Rights to Purchase Stock (Continued)</font></u></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="3">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Shares</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Exercise Price</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Aggregate Intrinsic Value <sup>(1)</sup></font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="6">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Contractual Life Remaining in Years</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="28%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2005</font></p>
</td>

<td valign="bottom" width="2%">
</td>

<td valign="bottom" width="8.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">300,000</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.688</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="9.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,507,600</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">3.55</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">300,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.688</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,722,600</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">2.55</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: 0.15in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(120,000</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">180,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.688</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,623,760</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">1.55</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: 0.15in; TEXT-ALIGN: left"><font size="2">Exercised</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(90,000</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td  valign="bottom" width="2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.1in; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Outstanding and exercisable</font><br>
<font size="2">at June&nbsp;30, 2008</font></p>
</td>

<td valign="bottom">
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">90,000</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.688</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,665,680</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 18.75pt; TEXT-INDENT: -18.75pt; TEXT-ALIGN: right"><font size="2">0.54</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>
<hr style="WIDTH: 25%; COLOR: darkgray; TEXT-ALIGN: left" noshade size="1">

<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top" width="29">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 2pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The intrinsic value of a stock option is the amount by which the current market value of the underlying stock exceeds the exercise price of the option.</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As of June&nbsp;30, 2008 and June&nbsp;30, 2007, there were 246,000 and 338,000, respectively, nonvested shares of restricted stock pursuant to a Restricted Stock Agreement dated January&nbsp;19, 1999, and amended as of September&nbsp;22, 2005, between Mr.&nbsp;Stempel and ECD with a weighted average grant date fair value of approximately $2,629,248 and $3,612,544,
respectively. The vesting schedule provides for quarterly vesting of 23,000 shares at the beginning of each quarter commencing July&nbsp;1, 2006 through October&nbsp;1, 2010 with 16,000 shares vesting on December&nbsp;31, 2010.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">Warrants</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">As of June&nbsp;30, 2008 and 2007, ECD had outstanding a warrant for the purchase of 400,000 shares of Common Stock granted pursuant to a Common Stock Warrant Agreement entered into in March 2000. This warrant is exercisable on or prior to March&nbsp;10, 2010 at $22.93 per share.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In connection with the sale of units in fiscal year 2004, ECD issued warrants to purchase 3,266,254 shares of Common Stock to three institutional investors and a warrant to purchase 90,481 shares of Common Stock to the placement agent. Each warrant gave the holder the right to purchase a share of ECD Common Stock for $13.96, if exercised on or prior to May&nbsp;2,
2005, and for $16.03, if exercised at any time thereafter but prior to October&nbsp;31, 2006. As a result of the exercise of the warrants by the warrantholders, ECD received $22,296,000 in fiscal 2006.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">86</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P86 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE O &ndash; Income Taxes</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In the first quarter of fiscal 2008, the Company adopted FASB Interpretation No. 48 (&ldquo;FIN 48&rdquo;), &ldquo;Accounting for Uncertainty for Income Taxes &ndash; an interpretation of FASB Statement No. 109.&rdquo; FIN 48 prescribes a recognition threshold and measurement methodology for recording within the financial statements uncertain tax positions taken, or
expected to be taken, in tax returns. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure related to uncertain tax positions. The cumulative effect of implementing FIN 48 as of July&nbsp;1, 2007 was zero. The Company has no unrecognized tax benefits at this time.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company files U.S. federal, state and foreign income tax returns. Due to its net operating loss carryforwards, federal income tax returns from fiscal 1993 forward are still subject to examination. In addition, open tax years related to various state and foreign jurisdictions remain subject to examination.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company accounts for income taxes using the asset and liability approach. Deferred income taxes are provided for the differences between the tax bases of assets or liabilities and their reported amounts in the financial statements. This method also requires the recognition of future tax benefits, such as net operating loss carryforwards, to the extent that
realization of such benefits is more likely than not.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company&rsquo;s income taxes for the year are as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="55%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="67%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="15%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Federal Income Tax</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">State Income Tax</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Foreign Income Tax</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">155,901</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total Income Taxes</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">155,901</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">87</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P87 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE O &ndash; Income Taxes (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Temporary differences and carryforwards that give rise to deferred tax assets and (liabilities) are as follows:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="65%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="65%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="65%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="5">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(in thousands)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Deferred tax asset:</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basis difference in intangibles</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,510</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,557</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Equity losses in subsidiaries</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,107</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">NOL carryforwards</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">112,592</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">112,197</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">R&amp;D credit carryforwards</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">170</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">211</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">AMT credit carryforwards</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,363</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,363</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">All other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,870</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,637</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">134,505</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">135,072</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Deferred tax liability:</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basis and depreciation differences of property</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(5,462</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(5,283</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">All other</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(286</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(218</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net deferred tax asset</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">128,757</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">129,571</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Valuation allowance</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(128,757</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(129,571</font></p>
</td>

<td  valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="65%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net deferred tax asset</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The Company&rsquo;s valuation allowance decreased by $814,000 in 2008 and increased by $16,897,000 in 2007. The changes in the valuation allowance are mainly due to net operating losses in 2007 and the expiration of net operating losses in 2008 and primarily comprise the difference between statutory and effective tax rates.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">88</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P88 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE O &ndash; Income Taxes (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">At June 30, 2008, the Company&rsquo;s remaining net tax operating loss carryforwards and tax credit carryforwards expire as follows:</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="4">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Net Tax Operating</font><br>
<font size="2">Loss Carryforward</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="5">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">R&amp;D Credit</font><br>
<font size="2">Carryforward</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="40%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2009</font></p>
</td>

<td valign="bottom" width="2%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="14%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">11,923,000</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="4%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="8%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">30,000</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="2%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="3%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2010</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,313,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">15,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2011</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,854,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">40,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2012</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">26,121,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">14,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2013</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,447,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">29,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2014</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,219,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">42,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2015</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2016</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2017</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2018</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,825,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2019</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">993,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2020</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,170,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2021</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">4,674,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2022</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22,599,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2023</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,846,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2024</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">67,627,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2025</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2026</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">46,979,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2027</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">47,877,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">2028</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,686,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 33pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Total</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">331,153,000</font></p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">170,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">In addition, the Company has $1,363,000 in Alternative Minimum Tax Credit carryforward that does not expire.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Due to the history of losses and uncertainties, the Company has determined that it is more likely than not that the deferred tax assets will not be recovered through future taxable income. As a result, a valuation reserve has been provided to fully offset deferred tax assets.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">89</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P89--><a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE P &ndash; Business Segments</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Effective April&nbsp;1, 2007, we organized our business into two operating business segments, United Solar Ovonic (including ECD&rsquo;s previous Production Technology and Machine Building Division) and Ovonic Materials (including ECD&rsquo;s previous business activities, but excluding Production Technology and Machine Division and Corporate Activities, and Ovonic
Battery&rsquo;s previous business activities). In addition to these two operating segments, there are certain Corporate Activities, including our investments in our two joint ventures, Cobasys LLC and Ovonyx, Inc., which are not allocated to the above segments.</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="15">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Financial Data</font><br>
<font size="2">(in thousands)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">United</font><br>
<font size="2">Solar&nbsp;Ovonic</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Ovonic</font><br>
<font size="2">Materials</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Corporate</font><br>
<font size="2">Activities</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Consolidating</font><br>
<font size="2">Entries</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-RIGHT: medium none; BORDER-TOP: black 1pt solid; BORDER-LEFT: medium none; BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Consolidated</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="35%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="10%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">239,398</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">16,066</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,039</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(642</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">255,861</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">98,363</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">14,635</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">1,147</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(578</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">113,567</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">87,508</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">13,451</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,920</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(460</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">102,419</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Income (Loss) from Operations</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31,644</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">899</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(36,816</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">212</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(4,061</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,962</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(13,706</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(28,769</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(1,989</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(42,502</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,187</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(14,819</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(19,798</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(791</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(27,221</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 19.65pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Depreciation and Amortization Expense</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">20,862</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">330</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">925</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(200</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21,917</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">10,007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,478</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">764</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(79</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">12,170</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,556</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,429</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">643</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,628</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Capital Expenditures</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">116,743</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">590</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">117,335</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">188,991</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">440</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">245</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(2,116</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">187,560</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">83,730</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,063</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,236</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(848</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">85,181</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Identifiable Assets</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June 30, 2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">552,618</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,469</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">506,284</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,404</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,041,967</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">404,905</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">9,383</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.25pt; TEXT-INDENT: -35.25pt; TEXT-ALIGN: right"><font size="2">211,996</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,605</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">600,679</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 35.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year ended June&nbsp;30, 2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">180,217</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,078</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">460,645</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="9%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(52,598</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">596,342</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">90</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P90 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE P &ndash; Business Segments (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following table presents revenues by country based on the location of the customer:</font></font></p>

<div align="center">
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%">
<tr style="page-break-inside: avoid">
<td valign="bottom" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td valign="bottom" colspan="8">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Year Ended June 30,</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="27%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2008</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">2006</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">United States</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">119,424,375</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">52,531,109</font></p>
</td>

<td valign="bottom" width="5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="11%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">47,007,251</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Germany</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">39,011,959</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,407,135</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">35,429,666</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">France</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32,660,694</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">381,190</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,066</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Italy</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">25,757,956</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">12,893,260</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,616,256</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">South Korea</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">17,645,916</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">102,769</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Hong Kong</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,086,519</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,662,536</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,125,724</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Japan</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,395,596</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,824,357</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,700,483</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">China</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,693,021</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,889,041</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,507,898</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Other Countries</font></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">8,184,930</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,875,466</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,031,132</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="27%">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">255,860,966</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">113,566,863</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">102,419,476</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The composition of the Company&rsquo;s property, plant and equipment, net of accumulated depreciation, is principally in the United States as of June&nbsp;30, 2008, 2007 and 2006.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Sales to SIT represented 23%, 11% and 21% of our product sales in the United Solar segment in the fiscal years ended June&nbsp;30, 2008, 2007 and 2006, respectively. For the year ended June&nbsp;30, 2008, sales to Advanced Green Technologies, Inc. (a unit of Advanced Roofing, Inc.) represented 12% of our product sales in the United Solar segment. Biohaus PV Handels
GmbH represented 14% of our product sales in this segment for each of the fiscal years ended June&nbsp;30, 2007 and 2006. Amounts due from SIT represented 20% and 10% of the accounts receivable in this segment at June 30, 2008 and 2007, respectively. Amounts due from Advanced Green Technologies represented 10% of the accounts receivable in this segment at June 30, 2008.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">91</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P91 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE Q &ndash; Quarterly Financial Data (Unaudited)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><font size="2">(In thousands, except for per-share amounts)</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">First</font><br>
<font size="2">Quarter</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Second</font><br>
<font size="2">Quarter</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Third</font><br>
<font size="2">Quarter</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="2">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Fourth</font><br>
<font size="2">Quarter</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Total Year</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0.5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom" width="36%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2008</font></p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-TOP: black 1pt solid" valign="bottom" width="7.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">47,042</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">56,449</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">69,982</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">82,388</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">255,861</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating income (loss)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(9,953</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(7,457</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,572</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">7,777</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(4,061</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net income (loss)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(7,567</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(5,426</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">6,974</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,872</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,853</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basic net income (loss) per share</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.19</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.14</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.17</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.24</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.10</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Diluted net income (loss) per share</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.19</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.14</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.17</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.24</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">.09</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2007</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Revenues</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27,182</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22,947</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">27,429</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">36,009</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">113,567</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Operating loss</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(7,344</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(7,876</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(10,980</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(16,302</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(42,502</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 28.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Net loss</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(2,302</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(2,913</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(6,871</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(13,145</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(25,231</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Basic net loss per share</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.06</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.07</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.17</font></p>
</td>

<td valign="middle">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.33</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="bottom">
<p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Diluted net loss per share</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.06</font></p>
</td>

<td  valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.07</font></p>
</td>

<td  valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.17</font></p>
</td>

<td  valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.33</font></p>
</td>

<td  valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(.64</font></p>
</td>

<td  valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 19pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE R &ndash; Litigation</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><i><font size="2">Cobasys</font></i><font size="2">. On September&nbsp;10, 2007, CTV issued a notice of dispute and filed claims in arbitration against ECD and OBC relating to our Cobasys joint venture. CTV&rsquo;s original arbitration claim seeks damages and injunctive and other relief and alleges that ECD and OBC breached and anticipatorily repudiated obligations to provide
certain funding to Cobasys under the Amended and Restated Operating Agreement dated as of December&nbsp;2, 2004 among us, OBC and CTV (the "Operating Agreement"), which governs Cobasys. CTV subsequently filed a supplemental notice of dispute amending its claims to assert that ECD and OBC had dishonored CTV's preferred interest in Cobasys and that OBC had breached its obligation to use diligent efforts to approve a 2008 annual budget for Cobasys. We and OBC have denied CTV&rsquo;s
allegations and filed a counterclaim, seeking damages and injunctive and other relief on the ground that CTV has been acting unilaterally and in violation of the Operating Agreement and applicable Michigan law in regard to the funding and spending provisions of the Agreement.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We and OBC dispute and have been vigorously defending the claims asserted by CTV and have pursued our counterclaim. In our view, the Operating Agreement is clear that we and OBC have no present obligation to provide funding to Cobasys; OBC is not in default of the Operating Agreement; any future funding obligation would arise only upon unanimous approval by
Cobasys&rsquo; members, OBC and CTV, of (i) a 2008 budget and operating plan for Cobasys, and (ii) agreed</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">92</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P92 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">Notes to Consolidated Financial Statements</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><u><font size="2">NOTE R &ndash; Litigation (Continued)</font></u></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><font size="2"><font size="2">capital contributions by the members; and CTV has no right unilaterally to provide funding or to authorize spending by Cobasys without an approved 2008 budget and operating plan, or otherwise as approved by OBC. In our view, the Operating Agreement is also clear that we and OBC have not dishonored CTV&rsquo;s preferred interests; OBC has an unqualified right to refuse
to sell its interests in Cobasys on terms that it does not consider appropriate; and OBC may determine in its discretion whether to approve any sale of Cobasys or sale of CTV&rsquo;s interests in Cobasys.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The members of Cobasys have not approved a 2008 business plan and budget, and CTV and OBC have not been able to agree on a solution to Cobasys&rsquo; business issues or whether Cobasys should continue as a going concern if it cannot be sold in the near future. Cobasys had losses of approximately $74 million and obtained funding of approximately $84 million in 2007,
and in January 2008 Cobasys management forecast losses of approximately $82-86 million and funding requirements of approximately $92-94 million for 2008. Until September 2007, CTV historically funded Cobasys&rsquo; loss-generating operations through the purchase of preferred interests. From October 2007 through January 2008, CTV declined to purchase preferred interests and funded Cobasys in a manner that in OBC&rsquo;s view violated the Operating Agreement and applicable Michigan
law. Since February 2008, Cobasys has received funding support from a customer in the form of a loan for capital equipment purchases and a price increase on products sold to the customer. While Cobasys has been receiving this funding support from its customer, Cobasys management has not sought any funding from the members of Cobasys. There is no assurance that this customer funding support will continue on these or other terms or otherwise be sufficient to permit Cobasys to continue
as a going concern.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Since February 15, 2008 the arbitration has been suspended pursuant to an interim settlement agreement among us, OBC and CTV in order to pursue the potential sale of Cobasys to a third party. Sale negotiations have been ongoing during which the parties to the arbitration have repeatedly amended the interim settlement agreement to extend the deadline for timely
consummation of the sale. There is no assurance that the sale will be completed by September 8, 2008, the current deadline, and, if not completed, that the parties will again extend the interim settlement agreement.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">International Acquisitions Services, Inc. (&ldquo;IAS&rdquo;), Innovative Transportation Systems AG (&ldquo;ITS&rdquo;) and Neville Chamberlain filed suit against Energy Conversion Devices, Inc. (&ldquo;ECD&rdquo;) in Nassau County, New York on October&nbsp;11, 2007, claiming, among other things, that ECD made fraudulent statements relating to the supply of battery
products to ITS, an entity created to manufacture and sell an electric delivery vehicle known as the InnoVan. Chamberlain, a sophisticated investor, invested in ITS through IAS. ECD also invested in ITS. The IAS matter was resolved in June 2008 with a payment of $925,000 made to IAS. This payment was funded equally by ECD, Chevron and General Motors.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">93</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P93 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc11"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 9</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: left"><font size="2"><font size="2">Not applicable.</font></font></p>
<a name="toc12"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 9A</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 8pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Controls and Procedures</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b)&nbsp;as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer
and Chief Financial Officer have concluded that these disclosure controls and procedures were effective.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><b><font size="2">Report of Management on Internal Control over Financial Reporting</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules&nbsp;13a-15(f)&nbsp;and 15d-15(f)&nbsp;under the Securities Exchange Act of 1934. The Company&rsquo;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. Internal control over financial reporting includes those policies and procedures that (i)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect our transactions and dispositions of the assets, (ii)&nbsp;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 (iii)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial
statements.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Internal control over financial reporting includes the controls themselves, monitoring and internal auditing practices and actions taken to correct deficiencies as identified. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods
are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Management assessed the effectiveness of the Company&rsquo;s internal control over financial reporting as of June 30, 2008. Management based this assessment on criteria for effective internal control over financial reporting described in Internal Control&mdash;Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Management&rsquo;s assessment included an evaluation of the design of the Company&rsquo;s internal control over financial reporting and testing of the operational effectiveness of its internal control over financial reporting. Management reviewed the results of its assessment with the Audit Committee of the Company&rsquo;s Board of Directors.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">94</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P94 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Based on this assessment, management determined that, as of June 30, 2008, the Company maintained effective internal control over financial reporting. Grant Thornton LLP, an independent registered public accounting firm, who audited and reported on the consolidated financial statements of the Company included in this report, has issued an attestation report on the
effectiveness of the Company&rsquo;s internal control over financial reporting.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Changes in Internal Control over Financial Reporting</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">There was no change in the Company&rsquo;s internal control over financial reporting that occurred during the Company&rsquo;s most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company&rsquo;s internal control over financial reporting.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><b><font size="2">Report of Independent Registered Public Accounting Firm</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 2pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Board of Directors and Shareholders</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Energy Conversion Devices, Inc.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><font size="2">We have audited Energy Conversion Devices, Inc. (a Delaware Corporation) and subsidiaries&rsquo; (the Company) internal control over financial reporting as of June 30, 2008, based on criteria established in</font> <i><font size="2">Internal Control&mdash;Integrated Framework</font></i> <font size="2">issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
The Company&rsquo;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 Report of Management on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company&rsquo;s internal control over financial reporting based on our audit.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><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></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><font size="2">A company&rsquo;s internal control over financial reporting is a process designed 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&rsquo;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&rsquo;s assets that could have a material effect on the financial statements.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">95</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P95 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that 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,
Energy Conversion Devices, Inc. and subsidiaries maintained, in all material respects, effective internal control over financial reporting as of June 30, 2008, based on criteria established in</font> <i><font size="2">Internal Control&mdash;Integrated Framework</font></i> <font size="2">issued by COSO.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><font size="2">We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Energy Conversion Devices, Inc. and subsidiaries as of June 30, 2008 and 2007, and the related consolidated statements of operations, stockholders&rsquo; equity, cash flows and financial statement schedule for each of the three
years in the period ended June 30, 2008 and our report dated August 25, 2008 expressed an unqualified opinion.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">/s/ GRANT THORNTON LLP</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2"><font size="2">Southfield, Michigan</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: left"><font size="2"><font size="2">August&nbsp;25, 2008</font></font></p>
<a name="toc13"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 9B</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Other Information</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: justify"><font size="2"><font size="2">Not applicable.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">96</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P96 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="tocc"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><b><font size="2">PART III</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><font size="2">DOCUMENTS INCORPORATED BY REFERENCE</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Certain information required by Part III is omitted from this Report on Form 10-K and is hereby incorporated by reference from the Registrant&rsquo;s definitive Proxy Statement for its Annual Meeting of Stockholders to be held on November&nbsp;18, 2008 (the &ldquo;2008 Proxy Statement&rdquo;) pursuant to Regulation 14A of the Securities Exchange Act of 1934, as
amended, which will be filed not later than 120 days after the end of the fiscal year covered by this Report.</font></font></p>
<a name="toc14"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 10</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Directors, Executive Officers and Corporate Governance</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The information contained in the sections entitled &ldquo;Election of Directors&rdquo; and &ldquo;Section 16(a) Beneficial Ownership Reporting Compliance&rdquo; included in our 2008 Proxy Statement is incorporated herein by reference.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The information regarding our Audit Committee, including the members of our Audit Committee and audit committee financial experts, set forth in the section entitled &ldquo;Corporate Governance and Board Matters&rdquo; contained in our 2008 Proxy Statement is incorporated herein by reference.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The charters of our Audit Committee, Compensation Committee, Corporate Governance and Nominating Committee, and Finance Committee are available in the &ldquo;Investor Relations &ndash; Corporate Governance&rdquo; section of our website at</font> <font color="#0000ff"><font size="2">www.ovonic.com</font></font> <font size="2">and are available to any stockholder upon
request to the Corporate Secretary. The information on our website is not incorporated by reference in this Annual Report on Form 10-K.</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">We have adopted a Code of Business Conduct and Ethics that applies to all employees, including our chief executive officer and chief financial officer, and directors. A copy of the Code of Business Conduct and Ethics is available in the &ldquo;Investor Relations &ndash; Corporate Governance&rdquo; section of our website at</font>
<font color="#0000ff"><font size="2">www.ovonic.com</font></font><font size="2">.</font></font></p>
<a name="toc15"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Item 11</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Executive Compensation</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The information required by this item will be included under &ldquo;Compensation of Directors,&rdquo; &ldquo;Director Compensation Table,&rdquo; &ldquo;Compensation Discussion and Analysis,&rdquo; &ldquo;Compensation Committee Interlocks and Insider Participation,&rdquo; and &ldquo;Executive Compensation Tables,&rdquo; in the 2008 Proxy Statement and is incorporated
herein by reference.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">97</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P97 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc16"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 12</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Equity Compensation Plan Information</font></b></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following table provides certain information as of June&nbsp;30, 2008 with respect to our equity compensation plans.</font></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="3">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="4">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" colspan="4">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Plan Category</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">(a)</font></b></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" colspan="2">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">(b)</font></b></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><b><font size="2">(c)</font></b></p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="top" width="1%">
<p style="MARGIN: 2pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="30.8%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Equity compensation plans approved by security holders</font></p>
</td>

<td valign="top" width="3%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="5.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="7%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">877,086</font></p>
</td>

<td valign="bottom" width="5.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(1)</sup></font></p>
</td>

<td valign="top" width="3.2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="5.1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">22.27</font></p>
</td>

<td valign="bottom" width="5.1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="1"><sup>(2)</sup></font></p>
</td>

<td valign="bottom" width="3.2%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="8.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td valign="bottom" width="6.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">725,882</font></p>
</td>

<td valign="bottom" width="8.5%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left"><font size="2">Equity compensation plans not approved by security holders</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">90,000</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2"><sup>(3)</sup></font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.69</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 1pt solid" valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">&mdash;</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="1%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 8.65pt; TEXT-INDENT: -0.1in; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">967,086</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
</td>

<td valign="bottom" width="6%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21.19</font></p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
</td>

<td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">725,882</font></p>
</td>

<td valign="bottom">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td valign="top" width="1%">
<p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><font size="2"><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></font></p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(1)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Includes 2,500 shares issuable upon vesting of restricted stock units (RSUs) that we granted under the 2006 Stock Incentive Plan. The remaining balance consists of outstanding stock option grants.</font></p>
</td>
</tr>
</table>
</div>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(2)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">The weighted average exercise price does not take into account the shares issuable upon vesting of outstanding RSUs, which have no exercise price.</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 6pt" valign="top" width="30">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(3)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0.25in; PADDING-TOP: 6pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">On January 15, 1999, we entered into a stock option agreement with Robert C. Stempel, pursuant to which he was granted an option to purchase 300,000 shares of ECD Common Stock at $10.688 per share. The option is not subject to any vesting requirement and may be exercised from time to time until the expiration of the option on January 15, 2009.
Mr.&nbsp;Stempel retired as the Company&rsquo;s CEO on August 31, 2007.</font></p>
</td>
</tr>
</table>
<a name="toc17"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 13</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Certain Relationships and Related Transactions, and Director Independence</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The information concerning certain relationships and related transactions will be included under &ldquo;Transactions with Related Persons&rdquo; and &ldquo;Corporate Governance and Board Matters &ndash; Determination of Independence of Board Members&rdquo; in the 2008 Proxy Statement and is incorporated herein by reference.</font></font></p>
<a name="toc18"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 14</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><u><b><font size="2">Principal Accountant Fees and Services</font></b></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The information required by this item will be included under &ldquo;Independent Registered Public Accounting Firm Fees&rdquo; in the 2008 Proxy Statement and is incorporated herein by reference.</font></font></p>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">98</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P98 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="tocd"></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: center"><font size="2"><b><font size="2">PART IV</font></b></font></p>
<a name="toc19"></a>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Item 15</font></b></u><b><font size="2">:</font></b></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 18pt; PADDING-TOP: 0pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><b><font size="2">Exhibits and Financial Statement Schedules</font></b></u></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" nowrap width="3%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" nowrap width="2%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(a)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" nowrap width="2%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">1.</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" valign="top" nowrap width="50%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Financial Statements:</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 4pt; PADDING-TOP: 0pt" valign="top" nowrap width="90%">
<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 4pt; PADDING-TOP: 0pt" valign="top" nowrap width="8%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><font size="2">Page</font></u></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">The following is included in Part II, Item 8:</font></font></p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="12%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="73%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Reports of Independent Registered Public Accounting Firm</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="13%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">49,</font> <font size="2">94</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 6pt" valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 6pt" valign="top" nowrap width="2%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">2.</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 6pt" valign="top" nowrap width="50%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Financial Statement Schedules:</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="12%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="73%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Schedule II &ndash; Valuation and Qualifying Accounts</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 1pt" valign="top" nowrap width="13%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">103</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0.5in; TEXT-ALIGN: justify"><font size="2"><font size="2">Other financial statements and financial statement schedules are omitted (1) because of the absence of the conditions under which they are required or (2) because the information called for is shown in the financial statements and notes thereto.</font></font></p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 8pt" valign="top" nowrap width="5%">
<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 8pt" valign="top" nowrap width="2%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">3.</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0pt; PADDING-TOP: 8pt" valign="top" nowrap width="50%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Exhibits (including those incorporated by reference)</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 91%; TEXT-ALIGN: justify"><font size="2"><font size="2">Page or</font><br>
<u><font size="2">Reference</font></u></font></p>

<div align="center">
<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.1</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Restated Certificate of Incorporation filed September&nbsp;29, 1967</font></p>
</td>

<td width="1%">
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(a)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.2</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certificate of Amendment to Certificate of Incorporation filed March&nbsp;25, 1999 extending voting rights of the Company&rsquo;s Class A Common Stock, increasing the authorized capital stock of the Company&rsquo;s Common Stock to 20,930,000 shares, and authorizing 430,000 shares of Class B Common Stock</font></p>
</td>

<td width="1%">
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(b)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.3</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certificate of Amendment to Certificate of Incorporation filed March&nbsp;18, 2004, increasing the number of authorized shares from 30,000,000 to 50,000,000</font></p>
</td>

<td width="1%">
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(c)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.4</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certificate of Amendment to Certificate of Incorporation filed December&nbsp;8, 2006, increasing the number of authorized shares from 50,000,000 to 100,000,000</font></p>
</td>

<td width="1%">
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(d)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top" width="4%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.5</font></p>
</td>

<td width="3%">
</td>

<td valign="top" width="75%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Amended and Restated Certificate of Incorporation January&nbsp;8, 2008</font></p>
</td>

<td width="1%">
</td>

<td valign="top" width="10%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(e)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3.6</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Bylaws in effect as of October&nbsp;11, 2007</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(f)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.1</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of Indenture, dated June&nbsp;24, 2008, between Energy Conversion Devices, Inc. and The Bank of New York Trust Company, N.A. as Trustee</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(g)</font></p>
</td>
</tr>
</table>

<BR><p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">99</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P99 -->

<div align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</div>

<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="99%">
<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.2</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of First Supplemental Indenture dated June&nbsp;24, 2008, between Energy Conversion Devices, Inc. and The Bank of New York Trust Company, N.A., as Trustee</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(g)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.3</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Indenture, dated June&nbsp;24, 2008, between Energy Conversion Devices, Inc. and The Bank of New York Trust Company, N.A., as Trustee</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">105</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4.4</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">First Supplemental Indenture dated June&nbsp;24, 2008, between Energy Conversion Devices, Inc. and The Bank of New York Trust Company, N.A., as Trustee</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">181</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.1</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Energy Conversion Devices, Inc. 1995 Non-Qualified Stock Option Plan</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(h)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.2</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Energy Conversion Devices, Inc. 2000 Non-Qualified Stock Option Plan</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(i)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.3</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Restricted Stock Agreement and Stock Option Agreement dated as of January&nbsp;15, 1999 between the Company and Robert C. Stempel</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(j)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.4</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Amended and Restated Operating Agreement of Cobasys LLC dated as of December&nbsp;2, 2004 by and between ChevronTexaco Technology Ventures, LLC and Ovonic Battery Company, Inc.</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(k)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.5</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Severance agreement as of June&nbsp;5, 2006 by and between Sanjeev Kumar and the Company</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(l)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.6</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Severance agreement as of June&nbsp;5, 2006 by and between Jay B. Knoll and the Company</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(m)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.7</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Energy Conversion Devices, Inc. 2006 Stock Incentive Plan</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(n)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.8</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Energy Conversion Devices, Inc. Executive Severance Plan effective July&nbsp;24, 2007</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(o)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.9</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of Severance Plan Participation Agreement</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(p)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.10</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Energy Conversion Devices, Inc. Annual Incentive Plan</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(q)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.11</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of Stock Option Agreement</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(r)</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.12</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of Restricted Stock Agreement</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(s)</font></p>
</td>
</tr>

<tr>
<td valign="top" width="4%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.13</font></p>
</td>

<td width="3%">
</td>

<td valign="top" width="75%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Offer Letter dated July&nbsp;25, 2007 between Energy Conversion Devices, Inc. and Mark D. Morelli</font></p>
</td>

<td width="1%">
</td>

<td valign="top" width="10%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(t)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.14</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Letter Agreement dated August&nbsp;23, 2007 among Stanford R. Ovshinsky, Energy Conversion Devices, Inc. and Ovonic Battery Company</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(u)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.15</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Letter Agreement dated August&nbsp;31, 2007 between Robert C. Stempel and Energy Conversion Devices, Inc.</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(v)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.16</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Revised Separation Agreement with executive officer effective December&nbsp;31, 2007</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(w)</font></p>
</td>
</tr>
</table>
<BR>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">100</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P100 -->

<div align="left">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</div>

<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="99%">
<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.17</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Revised Separation Agreement with executive officer effective December&nbsp;31, 2007</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(x)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.18</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Share Lending Agreement dated as of June&nbsp;18, 2008 among Energy Conversion Devices, Inc. and Credit Suisse International and Credit Suisse Securities (USA) LLC</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">(g)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10.19</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Form of Restricted Stock Unit</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">235</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">21.1</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">List of all direct and indirect subsidiaries of the Company</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">244</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">23.1</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Consent of Independent Registered Public Accounting Firm, Grant Thornton LLP</font></p>
</td>

<td>
</td>

<td valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">245</font></p>
</td>
</tr>

<tr style="HEIGHT: 28.35pt">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31.1</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certificate of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">246</font></p>
</td>
</tr>

<tr style="HEIGHT: 28.35pt">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">31.2</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certificate of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 9.2pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">247</font></p>
</td>
</tr>

<tr style="HEIGHT: 28.35pt">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">32</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p>
</td>

<td>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 3.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 28.35pt" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0.25in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">248</font></p>
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2"><b><font size="2">Notes to Exhibit List</font></b></font></p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="99%">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(a)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 2-A to the Company&rsquo;s Form 8-A and incorporated herein by reference.</font></p>
</td>

<td>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(b)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 3.3 to the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 1999 and incorporated herein by reference.</font></p>
</td>

<td>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(c)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 3.1 to the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2004 and incorporated herein by reference.</font></p>
</td>

<td>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(d)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed with the Company&rsquo;s Proxy Statement dated October&nbsp;12, 2006 and incorporated herein by reference.</font></p>
</td>

<td>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(e)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed with the Company&rsquo;s Proxy Statement dated October&nbsp;29, 2007 and incorporated herein by reference.</font></p>
</td>

<td>
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom" align="right" width="7%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(f)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom" width="88%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 3.1 to the Company&rsquo;s Current Report on Form 8-K dated October&nbsp;17, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom" width="5%">
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" align="right" width="7%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(g)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="top" width="88%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibits 4.1, 4.2 and 10.18 to the Company&rsquo;s Current Report on Form 8-K dated June&nbsp;19, 2008 and incorporated herein by reference.</font></p>
</td>

<td width="5%">
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(h)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.77 to the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 1995 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(i)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit A to the Company&rsquo;s Proxy Notice and Statement dated January&nbsp;19, 2001 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom" align="right">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(j)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibits B, C and D, respectively, to the Company&rsquo;s Proxy Notice and Statement dated February&nbsp;23, 1999 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 4pt; MARGIN-BOTTOM: 4pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">101</font></font></p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P101 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="7" cellpadding="0" width="99%">
<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(k)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.2 to the Company&rsquo;s Current Report on Form 8-K dated December&nbsp;7, 2004 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(l)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K dated June&nbsp;5, 2006 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(m)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2006 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(n)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit A to the Company&rsquo;s Proxy Statement dated October&nbsp;12, 2006 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(o)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K dated July&nbsp;30, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(p)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.2 to the Company&rsquo;s Current Report on Form 8-K dated July&nbsp;30, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(q)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.3 to the Company&rsquo;s Current Report on Form 8-K dated July&nbsp;30, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(r)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.4 to the Company&rsquo;s Current Report on Form 8-K dated July&nbsp;30, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(s)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.5 to the Company&rsquo;s Current Report on Form 8-K dated July&nbsp;30, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(t)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K dated August&nbsp;3, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(u)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K dated August&nbsp;27, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(v)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Current Report on Form 8-K dated August&nbsp;31, 2007 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(w)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.1 to the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2008 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>

<tr>
<TD STYLE="padding-right:0in; padding-left:0in; padding-bottom:8pt; padding-top:0in;" VALIGN="TOP" ALIGN="RIGHT">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(x)</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in" valign="bottom">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Filed as Exhibit 10.2 to the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2008 and incorporated herein by reference.</font></p>
</td>

<td valign="bottom">
</td>
</tr>
</table>
</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">102</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P102 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-INDENT: 5.43%; TEXT-ALIGN: center"><font size="2"><font size="2">ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES</font></font></p>
<a name="toc20"></a>

<p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 5.43%; TEXT-ALIGN: center"><font size="2"><u><b><font size="2">Schedule II &ndash; Valuation and Qualifying Accounts</font></b></u></font></p>
<table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" colspan="3">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="7">
            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Additions</font></p>
        </td>

        <td>
        </td>

        <td valign="bottom" colspan="7">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom">
            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Description</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" colspan="3">
            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Balance at Beginning of Period</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td style="BORDER-BOTTOM: black 2.25pt double" valign="bottom" colspan="3">
            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Charged to Costs and Expenses</font></p>
        </td>

        <td style="BORDER-TOP: black 1pt solid" valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" colspan="3">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Charged to Other Accounts</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" colspan="3">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Deductions</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" colspan="4">
            <p style="MARGIN-TOP: 1.5pt; MARGIN-BOTTOM: 1pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font size="2">Balance at <BR>End of <BR>Period</font></p>
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top" width="25%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in; TEXT-ALIGN: left"><font size="2">Allowance for Uncollectible Accounts:</font></p>
        </td>

        <td valign="bottom" width="2%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="9%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td width="2%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="3.5%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="9%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="2%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="8.5%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="3.5%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="9%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="3%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="3.5%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="9%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td style="BORDER-TOP: black 2.25pt double" valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2008</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">538,000</font></p>
        </td>

        <td width="2%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">868,093</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">5,822</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(586,915</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">825,000</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2007</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">691,000</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">9,817</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">56,781</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(219,598</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">538,000</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2006</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">412,000</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">289,767</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">10,063</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(20,830</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)*</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">691,000</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in; TEXT-ALIGN: left"><font size="2">Reserve for Losses on Government Contracts:</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2008</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,899,170</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">158,197</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(206,169</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,851,198</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2007</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,342,961</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">134,356</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(578,147</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,899,170</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2006</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,294,098</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">621,770</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(572,907</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)**</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">2,342,961</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in; TEXT-ALIGN: left"><font size="2">Reserve for Warranty:</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2008</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,325,452</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">390,765</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(216,934</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,499,283</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2007</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,835,136</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(291,764</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(217,920</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,325,452</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2006</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,635,532</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">382,980</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(183,376</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,835,136</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in; TEXT-ALIGN: left"><font size="2">Reserve for Inventory Obsolescence:</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2008</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,870,161</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">3,058,477</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 3pt; TEXT-ALIGN: right"><font size="2">(138,889</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">$</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">4,789,749</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2007</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,163,833</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,348,361</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(642,033</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,870,161</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>

    <tr style="page-break-inside: avoid">
        <td valign="top">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left"><font size="2">Year Ended June&nbsp;30, 2006</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">418,995</font></p>
        </td>

        <td width="2%">
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,518,284</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="0">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">(773,446</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">)</font></p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;</p>
        </td>

        <td valign="bottom">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: right"><font size="2">1,163,833</font></p>
        </td>

        <td valign="bottom" width="1%">
            <p style="MARGIN-TOP: 3pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </td>

        <td width="2%">
        </td>
    </tr>
</table>



<hr style="WIDTH: 25%; COLOR: black; TEXT-ALIGN: left" noshade size="1">

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="55%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="6%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">*</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="88%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Represents partial write-off of uncollectible accounts.</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="55%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="4%">
<p style="MARGIN-TOP: 2pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="6%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">**</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt" valign="top" nowrap width="88%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Represents change in accounting estimate.</font></p>
</td>
</tr>
</table>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">103</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">

<div style="PAGE-BREAK-AFTER: always">
&nbsp;
</div>
<!-- END-P103 -->

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a href="#tocmain"><font size="2"><font face="Times New Roman, Times, Serif" size="1"><u><i>Table of Contents</i></u></font></font></a>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<a name="toc21"></a>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-ALIGN: center"><font size="2"><b><font size="2">SIGNATURES</font></b></font></p>

<p style="MARGIN-TOP: 8pt; MARGIN-BOTTOM: 8pt; TEXT-INDENT: 7.81%; TEXT-ALIGN: justify"><font size="2"><font size="2">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></font></p>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="97%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 12pt" valign="top" nowrap width="51%">
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 12pt" valign="top" nowrap width="48%">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">ENERGY CONVERSION DEVICES, INC.</font></p>
</td>
</tr>
</table>

<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="84%" border="0">
<tr>
<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0.25in" valign="top" nowrap width="3%">
<p style="MARGIN-TOP: 0.25in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0.25in" valign="top" nowrap width="315">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>

<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0.25in" valign="top" nowrap width="222">
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><u><font size="2">By: /S/ Mark D. Morelli</font></u></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">President and Chief Executive Officer</font></p>
</td>
</tr>
</table>

<p style="MARGIN-TOP: 18pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<div align="left">
<table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="1" width="100%">
<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top" width="25%">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Mark D. Morelli</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="7%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="40%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">President, Chief Executive Officer and</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="5%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="15%">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Mark D. Morelli</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director (Principal Executive Officer)</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Sanjeev Kumar</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Vice President and Chief Financial Officer</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Sanjeev Kumar</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(Principal Financial and Accounting Officer)</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Joseph Avila</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Joseph Avila</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Christopher Belden</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Christopher Belden</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Robert I. Frey</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Robert I. Frey</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ William J. Ketelhut</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">William J. Ketelhut</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Florence I. Metz</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Florence I. Metz</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ Stephen Rabinowitz</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Stephen Rabinowitz</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 40pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">/s/ George A. Schreiber, Jr.</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Director</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">August 28, 2008</font></p>
</td>
</tr>

<tr style="page-break-inside: avoid">
<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">George A. Schreiber, Jr.</font></p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>

<td style="PADDING-RIGHT: 3.1pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top">
<p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</td>
</tr>
</table>
</div>
<font size="2"><br>
</font>

<p style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2"><font face="Times New Roman, Times, Serif" size="2">104</font></font></p>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
<PAGE>
<hr align="center" width="95%" noshade size="2">



<DIV TITLE="EE+ Page Break" STYLE="page-break-after:always;"></DIV>
<div style="width: 620px">


<p style=' margin-bottom:6pt; margin-top:6pt; text-indent:4in;text-align:center;'><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Exhibit 31.1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION OF CEO PURSUANT TO </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></B></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:6pt;text-align:justify;'><font size=2>I, Mark D. Morelli, Chief Executive Officer of Energy Conversion Devices, Inc., certify that:</font></p>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

I have reviewed this annual report on Form 10-K of Energy Conversion Devices, Inc.;</font></p>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>a)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>b)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>c)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>d)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>a)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>b)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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>
</div>


<p style=' margin-bottom:0pt; margin-top:6pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse; '>
    <tr >
        <td width="55%" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: August 28, 2008</font></p> </td>
        <td width="45%" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt; border-bottom: solid black 1px;'><font size=2>/S/ Mark D. Morelli</font></p> </td> </tr>

    <tr >
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Mark D. Morelli</font></p> </td> </tr>
    <tr >
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Executive Officer</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
</DIV>

<DIV TITLE="EE+ Page Break" STYLE="page-break-after:always;"></DIV>
<div style="width: 620 px">


<p style=' margin-bottom:6pt; margin-top:6pt; text-indent:4in;text-align:center;'><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2>Exhibit 31.2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CERTIFICATION OF CFO PURSUANT TO </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></B></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:6pt;text-align:justify;'><font size=2>I, Sanjeev Kumar, Chief Financial Officer of Energy Conversion Devices, Inc., certify that:</font></p>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
I have reviewed this annual report on Form 10-K of Energy Conversion Devices, Inc.;</font></p>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>a)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>b)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=2>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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>c)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>d)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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. </font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:6pt; margin-top:12pt;text-align:justify;'><font size=2>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 registrant&#146;s Board of Directors (or persons performing the equivalent functions):</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>a)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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></table>
</div>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:6.0pt;margin-bottom: 6.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="16" valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>b)</font></p> </td>
        <td  valign=top style='padding:6.0pt 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><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>
</div>


<p style=' margin-bottom:0pt; margin-top:6pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<div align=left>

<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse; '>
    <tr >
        <td width="55%" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date: August 28, 2008</font></p> </td>
        <td width="45%" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt; border-bottom: solid black 1px;'><font size=2>/S/ Sanjeev Kumar</font></p> </td> </tr>

    <tr >
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Sanjeev Kumar</font></p> </td> </tr>
    <tr >
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Chief Financial Officer</font></p> </td> </tr></table>
</div>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

</div>


<DIV TITLE="EE+ Page Break" STYLE="page-break-after:always;"></DIV>
<div style="width: 600 px">


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>CERTIFICATIONS PURSUANT TO</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(18 U.S.C. SECTION 1350)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in;text-align:left;'><font size=2>In connection with the Annual Report of Energy Conversion Devices, Inc. (the &#147;Company&#148;) on Form 10-K for the period ended June 30, 2008, as filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), Mark D. Morelli, Chief Executive Officer of the Company, and Sanjeev Kumar, Chief Financial Officer of the Company, respectively, do each hereby certify, pursuant to Section 906 of the </font><i><font size=2>Sarbanes-Oxley</font></i><font size=2> Act of 2002 (18 U.S.C. Section 1350), that based on his knowledge:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.96in; text-indent:-0.24in;text-align:left;'><font size=2>1.&nbsp;&nbsp;&nbsp;&nbsp;The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.96in; text-indent:-0.24in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.96in; text-indent:-0.24in;text-align:left;'><font size=2>2.&nbsp;&nbsp;&nbsp;&nbsp;The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in;text-align:left;'><font size=2>&nbsp;</font></p>


<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="LEFT" WIDTH="35%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/ Mark D. Morelli</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="border-top:black solid 1px"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mark D. Morelli<BR>Chief Executive Officer<BR>August 28, 2008</FONT></TD></TR>
<TR VALIGN="Top" STYLE="padding-bottom:1em;">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/S/ Sanjeev Kumar</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD STYLE="border-top:black solid 1px"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Sanjeev Kumar<BR>Chief Financial Officer<BR>August 28, 2008</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>
<BR>

</div>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.4in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<!-- EEDocs PBStart-->
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

</div>


<DIV TITLE="EE+ Page Break" STYLE="page-break-after:always;"></DIV>
<div style="width: 650 px">


<div style="width: 670px">
<TABLE WIDTH="100%" BORDER="0" CELLPADDING="5" CELLSPACING="0" >
<TR VALIGN="TOP">
     <TD WIDTH="45%" STYLE="border-left: double 2pt Navy; border-top: double 2pt Navy; border-bottom: double 2pt Navy;"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B><I>&nbsp;&nbsp;BOARD OF DIRECTORS</I></B> </FONT>
<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Joseph A. Avila</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:2pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Former Executive Vice President</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Strategic Operations and Process</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Quanta Services, Inc.</font></p>





<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Alan E. Barton</I></B> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Former Executive Vice President</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Rohm and Haas Company</font></p>



<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Christopher P. Belden</I></B> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Senior Vice President of Operations</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>NXP Semiconductors</font></p>


<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Robert I. Frey</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Assistant Professor, Global Management <BR></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>&nbsp;&nbsp;and Business Ethics</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Director, Business Ethics Center</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Seidman School of Business</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Grand Valley State University</font></p>

<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>William J. Ketelhut</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Former President of Control Products</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Honeywell International, Inc.</font></p>

<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Florence I. Metz</I>*</B> </FONT> </p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Former General Manager</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Business and Strategic Planning</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Inland Steel</font></p>

<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Mark D. Morelli</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>President and Chief Executive Officer</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Energy Conversion Devices, Inc.</font></p>

<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Stephen Rabinowitz</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>Former Chairman and Chief Executive Officer</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>General Cable Corporation</font></p>

<p style=' margin-bottom:1pt; margin-top:4pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;<B><I>George A. Schreiber, Jr.</I></B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:1pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>President and Chief Executive Officer</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:6pt'><font size=2>SEMCO Energy, Inc.</font></p>

<HR SIZE="1" WIDTH="90" COLOR="Black" ALIGN="Left">
<p style=' margin-bottom:7pt; margin-top:0pt; margin-left:1.5%;text-align:left;'><font size=1>*&nbsp;&nbsp;Dr. Metz is retiring effective November 18, <BR>&nbsp;&nbsp;&nbsp;&nbsp;2008, and will not stand for reelection.</font></p>


<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1pt;margin-bottom:1pt'><FONT SIZE="2"><B>&nbsp;&nbsp;&nbsp;REGISTRAR AND TRANSFER AGENT</B> </FONT></p>
<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><font size=2>&nbsp;&nbsp;&nbsp;COMPUTERSHARE TRUST COMPANY, N.A.</font></p>
<p style=' margin-bottom:0pt; margin-top:2pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>First Class, Registered &amp; Certified Mail</B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:15pt'><font size=2>Computershare Investor Services</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:15pt'><font size=2>Post Office Box 43078</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:15pt'><font size=2>Providence, RI 02940-3078</font></p>

<p style=' margin-bottom:0pt; margin-top:2pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Shareholder Inquiries</B> </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;margin-left:4.5%;text-align:left; text-indent:15pt'><font size=2>Toll Free (U.S.): 877.282.1169</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;margin-left:4.5%;text-align:left; text-indent:15pt'><font size=2>Local/International: 781.575.2879</font></p>
<p style='margin-left:4.5%;text-align:left;margin-top:0pt;margin-bottom:0pt; text-indent:15pt'><font size=2>Website: www.computershare.com</font></p> </TD>


<TD WIDTH="1%" STYLE="border-top: double 2pt Navy; border-bottom: double 2pt Navy; border-left: double 2px Navy; border-right: double 2px Navy;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>

  <TD WIDTH="53.5%" STYLE="border-right: double 2pt Navy; border-top: double 2pt Navy; border-bottom: double 2pt Navy;"><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B><I>&nbsp;&nbsp;EXECUTIVE OFFICERS AND SENIOR MANAGEMENT</I></B> </FONT>
<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Mark D. Morelli</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>President and Chief Executive Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Joseph P. Conroy</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Senior Vice President, Operations</font></p>


<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Michael A. Fetcenko</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President, Ovonic Materials</font></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Subhendu Guha</I></B> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Senior Vice President and</font></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Chairman, United Solar Ovonic</font></p>


<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Jay B. Knoll</I></B> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Senior Vice President, General Counsel and</font></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>&nbsp;&nbsp;&nbsp;Chief Administrative Officer</font></p>


<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Arthur A. Rogers</I></B> </FONT></p>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President, Human Resources and Administration</font></p>




<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Marcelino Susas</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President, Strategic Marketing</font></p>



<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Thomas Toner</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President, Systems Engineering</font></p>


<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Corby C. Whitaker</I></B> </FONT></p>
<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President, Global Sales</font></p>

<p style=' margin-bottom:0pt; margin-top:3pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Harry W. Zike</I></B> </FONT></p>
<p style=' margin-bottom:6pt; margin-top:0pt; margin-left:4.5%;text-align:left; text-indent:8pt;'><font size=2>Vice President and Chief Financial Officer</font></p>


<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style=' margin-bottom:1pt; margin-top:1pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>CORPORATE INFORMATION</I></B> </FONT></p>
<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Corporate Offices</B>: </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5%;text-align:left;'><font size=2>&nbsp;&nbsp;&nbsp;2956 Waterview Drive</font></p>

<p style=' margin-bottom:2pt; margin-top:0pt; margin-left:5%;text-align:left;'><font size=2>&nbsp;&nbsp;&nbsp;Rochester Hills, MI 48309</font></p>
<p style='text-indent:0pt;margin-left:5%;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;t &nbsp;248.293.0440</font></p>
<p style='text-indent:0pt;margin-left:5%;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f &nbsp;248.844.1214</font></p>
<p style='text-indent:8pt;margin-left:5%;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investor.relations@ovonic.com</font></p>
<p style='text-indent:8pt;margin-left:5%;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;www.ovonic.com</font></p>

<p style=' margin-bottom:1pt; margin-top:5pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Stock Data</B>: </FONT></p>

<p style=' margin-bottom:2pt; margin-top:1pt; margin-left:12.1%;text-align:left;'><font size=2>Energy Conversion Devices, Inc. is listed on The NASDAQ Global Select Market under the symbol &#147;ENER&#148;</font></p>

<p style=' margin-bottom:1pt; margin-top:5pt;text-align:left;'><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Independent Public Accountants</B>: </FONT></p>

<p style=' margin-bottom:0pt; margin-left:12.1%;margin-top:1pt;text-align:left;'><font size=2>Grant Thornton LLP</font></p>

<p style=' margin-bottom:7pt; margin-left:12.1%;margin-top:0pt;text-align:left;'><font size=2>Southfield, Michigan</font></p>


<HR SIZE="2" WIDTH="100%" COLOR="Navy" ALIGN="Left">
<p style=' margin-bottom:0pt; margin-top:2pt;margin-right:7pt;margin-left:7pt;text-align:left;'><small>FORM</small> 10<small>-K</small> <small>-</small>  <font size=2>Additional copies of ECD&#146;s Annual Report filed with the Securities and Exchange Commission on Form 10-K for fiscal year ended June 30, 2008 are available without charge to shareholders and can be obtained by contacting ECD Investor Relations at the Company&#146;s corporate offices, or by visiting ECD website at www.ovonic.com.</font></p>
<p style=' margin-bottom:5pt; margin-top:1pt;text-align:right;margin-right:2pt;'><IMG SRC="ecd-logo_2.jpg" width="50"></P>
</td></tr>
</table>
</div>
<BR>
<!-- EEDocs PBEnd-->
<!-- EEDocs PBStart-->
<DIV STYLE="page-break-after:always"></DIV>


<DIV ALIGN="Left" STYLE="width: 670px; border-bottom: double 2pt Navy; border-top: double 2pt Navy; border-right: double 2pt Navy; border-left: double 2pt Navy;">
<BR>
<table border="0" cellspacing=0 cellpadding=0 width="95%" align=center style='border-collapse:collapse'>

<TR valign=top style=' height:6in'>
<td width="99%" style='border-top:double Navy 2pt; border-right:double Navy 2pt; border-left:double Navy 2pt; padding:2.9pt 6.5pt 2.9pt 5.75pt;height:7.7in'>
<p ALIGN=right style='line-height: 110%'><FONT COLOR="Navy" SIZE="3"><BR><B>ENERGY CONVERSION DEVICES, INC.</B> </FONT><BR>
<FONT COLOR="Navy" SIZE="3"><SMALL>2956 WATERVIEW DRIVE</SMALL> </FONT><BR>
<FONT COLOR="Navy" SIZE="2">ROCHESTER HILLS &brvbar; MI 48309</FONT><BR>
<FONT COLOR="Navy" SIZE="2">Telephone &brvbar; 248.293.0440</FONT><BR>
<FONT COLOR="Navy" SIZE="2">Facsimile &brvbar; 248.844.1214</FONT><BR>
<FONT COLOR="Navy" SIZE="2">E-mail &brvbar; investor.relations@ovonic.com</FONT><BR>
<FONT COLOR="Navy" SIZE="2">Stock Symbol &brvbar; NASDAQ:ENER</FONT></p>
</td> </tr>

<TR >
<td width="99%" style='border-bottom:double Navy 2pt; border-right:double Navy 2pt; border-left:double Navy 2pt; padding:2.9pt 6.5pt 2.9pt 5.75pt;height:1in'>
<p ALIGN=LEFT style="border-top: 0pt"><FONT COLOR=Navy SIZE=2>&copy;2008 Energy Conversion Devices, Inc.  All rights reserved.</FONT></p>
<p ALIGN=right><FONT COLOR="Navy" SIZE="1">002CS-62290</FONT></p>
</td> </tr>
</table>
<BR>
</div>
<!-- EEDocs PBEnd-->


</div>

<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
</DIV>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>graph-2008.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 graph-2008.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_X0[*17AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```!(````
M`0```$@````!061O8F4@4&AO=&]S:&]P(#<N,``R,#`X.C`X.C(T(#$V.C$V
M.C$Q``````.@`0`#`````?__``"@`@`$`````0```KF@`P`$`````0```@<`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```-G`````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`%\`@`,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`/54E6SV]0=BO'37TUY>GINR&N?7R-^]E3Z;/H?\(HX)
MZBUOI]1=39<2]P=CM<QH8"WTVEEK[G;_`'>]V])3E]:Z!U?-S'Y6)UJ_`I+:
MP:*V%P&SU/4-6RRKWV>I^?7;[_YW[15Z--&6WH_6#C5,?]8>H,LML+;['XSA
M(L+:*&5[3^J;/4_G&/V>K^G_`$=5=M:[-))3Q=W3>LNLLRA]8,W%9DV/LJK=
MB/\`T/J0*Z-MKW5>G78W^;?7_-_S7I?I;K;]G3^H^OU"[]JYK?MC'C%J%%A;
MC.N%>RP"MWZ9^-LV?H_2KK_\,_:+[>E5,]+QR'M>^U[;'^H0ZUYAVYMDUR[]
M%[F?0J]B2G#R>F]7OR;,O&ZOET-+`32_&L(:X>G:/0K]2BO^<J_3U>GD764V
MW8]-M7L]-\;`ZI4:2WJN59LH<P^OCW'<76V7[W[KJJ_6^SO^RT[V^KZM6/9_
M-^IC7[%G1\:QK0^V]Q:T,!-KSQN]SFSL?8[=]-[5/]ET[K7>K=-Q!/Z5WM(#
MA^AU_0_2_P`$DIYVGI/UBHJ:X=>R+O:]MALPW.>#94VKUO2&17_,NQ_5Q?T-
MGZS9D_TGUOT;7]$ZL\5T8_6>HTO#@RVQU5CV6%HKL]1SO69916YS??\`9KL>
MO^?H70NZ52ZL--U^YH<&V>J[>-SF6?3_`.M,_L>Q%;@UM<UV^PEK@[W.+I(#
MV?G?R;$E.$[I^5;D797V[/;2YS[68Y9D#:YUE0JK_17UO?CL]-VZG_0O_G,>
MGUO6K9'3>MW=.^SMZWF,LK=O;DLP[1:0*OLYJN'JCU?TGZS^C]+]*NGHPF4O
M+Q;<^8]MECGCVC9]%Y_SE824\F>D=3LO92SJ^=3+@;8IN+'/K#J&[+K;K?1Q
M7V,??97O_3,]#]/_`*3=Z7T[)PA><G-MSGW6%S3;`#&?X*JJMGM]C/IO_P`+
M_.*^DDI22222G__0],ZA7G6XCV=/N9C91+=EMC/58(<-^ZH/JW;F;F_SBAA5
MY];@W.NKOM/J$.K8:P&%S/29M+[-SF-^F]$SZ<R_&=7A9`Q+R6EMQK%H`!!>
MWTG.9]-GL^D@]/Q\['BO.RQFV_I"+16*O87,].O96YS?T;?S_P`])3>22224
MI))))2DDDDE*22224I))))2DDDDE*53%OR+\B]T-&)6XUU'7<YS?;:_4-V,9
M8'U?G^I_.?S:?/NL;6VBD[<C)=Z=1@G;INLM.W_15AS_`'?X3TZO\(CTTU44
MLHI:&55-#&-'`:T;6M24_P#_T?3.H8^3DXKZ<7*=A7.(VY#&L>YL$.=^CO;9
M4[>WV?14,+'R<=P9DY3\QY]1PL>UC"&ES-E>VAE;?T:)G8UF5C.IJR+,5[BT
MBZG;O&UP?`]1MC/?MV.]J'AXUV,6UW9-F6[]([U+0P$!SF;:_P!"RINRO\W=
M[TE-Q))))2DDDDE*22224I))))2DDDDE*225+/L-KF]/J)]2\3:6F"RGBVSG
M=^D_F*=G^$?ZG^!L24K#W9%]F:Z?3UJQ@06G8#^EMU/N^T6L]CO]!70KJBQC
M*V-8QH:QH#6M:(``T#6@*22G_]+TS/Q;,O&=17DVX;W%I%]&WU!M<'>WU66U
M^^-GOK0\##LP]M-F5=F._2.]6\M+H<YA],>FROV5_F(N=A5YV,[&LLMJ:XM)
M?18ZIXVD/]MM1:]O"%@X#,#;17;=<W](_=D6ON?[BSV^I<7OV-_,8DINI)))
M*4DDDDI22#EY>/AT/R,FP5U5@ESCY"8;^\[^0JK<G,SV@X;78N.XZY-H'J$`
MC^C8SMVW=^D_2Y>STO\`N+D)*3Y>=3C%K"'6Y%@/I8]8!L?`[!Q:QC/^&N?5
M0S_"6H%U'5\NK:+V=/!(/Z)OJV!HU_G;-M+7._._5[?ZZLXN'1BM(J!W/,V6
M/)>]Y\;+7[GO_D?Z-GZ.O]&CI*:+:NJX\[;FYS)^C<!58!'NBVAOHV>_Z#/L
MU7_'HF-U'&R+#3)JR6@%^-:-MC9$_1^C8S_AJ'6T?Z.U6D.ZBB]H9?6VUH(<
M&O`<`X?1<-WYS4E(LW/Q\-K!82ZVT[:*6ZOL?V8P?^C'_H:_\+96EAXUE7J7
M7N#LF\@V026M`_FZ*MW^#J_\$L]6[97ZJE7A8=5GJU45LLB/4:T!T>&^-R.D
MI22222G_T_3<["IS\5V+>7MK>02:GNJ>-I#QMMI<RQGT?S7*&)A583FU4NL<
MS](_]+8^TR]S'$;KG/=L_<9^8I9_3\3J.,[$S&>I0\@N9N<V2T[V^ZLL=](+
M,I^J?1<?.JNI9:PUUVM:P76%OZ5[+KG%SGFYV^S_`(;TO^#24[9('*%9EXM3
M-]EU;&")<YP`UU;J2JKN@=&=8VVS$KLL826/L&]S2YSK7['V;G,W6O?9[?SU
M(]#Z,7;W8..]XB'/K:XZ#:W5[7?124@'UHZ`YV0RG,9D68F[UZ\<.N>W:-[O
MT>.VU_\`J_\`T:@[JEN58^BNZK``VL<7EMF0VPEK+*O1;NQ:G,]6K9=Z^6SU
M+/YC_2:S*ZV"&-#0?``<:*22G*QK>AMM^TC(KOR07L^T6O#[![BVZNMSOYEG
MJLV>C3Z=7J5[/S%8PNM=*ZA2R_"R69%5D;',,S.]K?\`I4VM_P"MJZF``$#0
M!)2'[93L+XL@`G^:LGVC<89LW._[^JV;U<8N,_(9BY&0&`';76=QEU;&M:Q^
MU^YWJ;OH?X&SU/36@DDIJ.S;'4BVC%NMDCV$"IT%_IN=MR74_09NN]_^#2-_
M4H$8K).S0VQ$EWK;OT9_FV>GL_TEOJ?S=?Z:VVDDISLL_6`75.PVXCZ07^NR
MUUC'$1MI]-[*[MON_36>S_NO_P!V5.QG5@Y@8YCVN?%C@X5EK"QK/4KK=CY/
MJV-M]2YM+[:_^.L5Y))36+[PX?H[7""XD&J!KN]/EKOS/3;_`,;_`)@\6VM_
M4,FO].+F,KW"V?2((<_]7'\SN;OV7OJ5U))3_]3U58>)TKJ'3\[[-T_&PL?H
M@<7@,?<,C<_:^]VQH]#W6_\`"+0%G5?M,&FC[/L!W>H[=OGC^:^AM0CD==97
M:?L=%SFEWI!M[F%XEWIMAU%C6.V>G_A/^V_H)*;OHL_E?YSO_))>BS^5_G._
M\DJQNZO[2W%I<'07!USF%LB7-]M%_J;7^W?^C_\`2D+;NN_I!3C8P_1GTG.N
M>?TD6;=[!0S=5N]#_",_PB2D?2ZNN%]G[69BL:?YO[);<XS_`,)Z[:EH>BS^
M5_G._P#)*L;NL`G]5H(AL`7NYD^IJ<;]W^;_`.^(N/9G.M>W(I8RL%WIV,L+
MB0#^C]2LULV.<S]VRU)2V33<,>PX@!R(_1"U[PS=V]0LW/VH'2J.I#&+>JLH
M9>UQ#!B66FOTX&S^>%;FV;MZLY-F96USL>EMQ#?:TOV$NGS:6[/[2!FOZR+J
M_L->.ZF'>KZSWA_-7I^GL86_1^T;MW_`I*;7HL_E?YSO_)*GU2CJ1H8.EMH?
M=Z@]09=EH9Z8#C+/1]1WJ^IZ2:JSKT_IJ<8-@ZL>\NF&_FN8&_2]3_"?Z-2&
M1UO>0["H#1'N&2XSJX:#[(/!B2D^-3:<:HY<#)V-]<5/>:_4C]+Z1?M?Z>_Z
M&]$]%G\K_.=_Y)0PW9CL=ASJZZLB/TC*7FQD_P`A[ZZ7?]!/NR_5:-E?I;3O
M=N.X/_-#6[/H)*:6;1U@YM/V)N,<,`FYU]EWK!Q#V_H6U_H]OT/IO_TBO^BS
M^5_G._\`)*A;9]8A;;Z56(ZD/'H2^P/-?MW>K[-K+/YSZ.]2]7KP:TFC&<X.
M&\"QX!;L;NV.]-VW]8W?29_-?N)*;OHL_E?YSO\`R2S\9OU@;U-WK,PQTPEP
M:YK[G9!:/YC<VQOHM_X5N]2=?]8)8X8F-M.WU*_7=(GUO4+;O0]W_:3_``/^
MG^G[%:J?G&\BZNL40Z'-<2Z9_1^TC]SZ:2G_V?_M$X10:&]T;W-H;W`@,RXP
M`#A"24T$)0``````$``````````````````````X0DE-`^T``````!``2```
M``$``0!(`````0`!.$))300F```````.`````````````#^````X0DE-!`T`
M``````0```!X.$))3009```````$````'CA"24T#\P``````"0``````````
M`0`X0DE-!`H```````$``#A"24TG$```````"@`!``````````$X0DE-`_4`
M`````$@`+V9F``$`;&9F``8```````$`+V9F``$`H9F:``8```````$`,@``
M``$`6@````8```````$`-0````$`+0````8```````$X0DE-`_@``````'``
M`/____________________________\#Z`````#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z```.$))300````````"``$X0DE-!`(`````
M``0`````.$))300(```````0`````0```D````)``````#A"24T$'@``````
M!``````X0DE-!!H``````TD````&``````````````('```"N0````H`50!N
M`'0`:0!T`&P`90!D`"T`,0````$``````````````````````````0``````
M```````"N0```@<``````````````````````0``````````````````````
M```0`````0```````&YU;&P````"````!F)O=6YD<T]B:F,````!````````
M4F-T,0````0`````5&]P(&QO;F<``````````$QE9G1L;VYG``````````!"
M=&]M;&]N9P```@<`````4F=H=&QO;F<```*Y````!G-L:6-E<U9L3',````!
M3V)J8P````$```````5S;&EC90```!(````'<VQI8V5)1&QO;F<`````````
M!V=R;W5P241L;VYG``````````9O<FEG:6YE;G5M````#$53;&EC94]R:6=I
M;@````UA=71O1V5N97)A=&5D`````%1Y<&5E;G5M````"D53;&EC951Y<&4`
M````26UG(`````9B;W5N9'-/8FIC`````0```````%)C=#$````$`````%1O
M<"!L;VYG``````````!,969T;&]N9P``````````0G1O;6QO;F<```('````
M`%)G:'1L;VYG```"N0````-U<FQ415A4`````0```````&YU;&Q415A4````
M`0```````$US9V5415A4`````0``````!F%L=%1A9U1%6%0````!```````.
M8V5L;%1E>'1)<TA434QB;V]L`0````AC96QL5&5X=%1%6%0````!```````)
M:&]R>D%L:6=N96YU;0````]%4VQI8V5(;W)Z06QI9VX````'9&5F875L=```
M``EV97)T06QI9VYE;G5M````#T53;&EC959E<G1!;&EG;@````=D969A=6QT
M````"V)G0V]L;W)4>7!E96YU;0```!%%4VQI8V5"1T-O;&]R5'EP90````!.
M;VYE````"71O<$]U='-E=&QO;F<`````````"FQE9G1/=71S971L;VYG````
M``````QB;W1T;VU/=71S971L;VYG``````````MR:6=H=$]U='-E=&QO;F<`
M`````#A"24T$$0```````0$`.$))3004```````$````!#A"24T$#``````-
MN`````$```"`````7P```8```(Z````-G``8``'_V/_@`!!*1DE&``$"`0!(
M`$@``/_M``Q!9&]B95]#30`"_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(
M#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,
M#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`7P"``P$B
M``(1`0,1`?_=``0`"/_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*
M"P$``04!`0$!`0$``````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4#
M##,!``(1`P0A$C$%05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q
M8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75
MY?569G:&EJ:VQM;F]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$`
M`A$#(3$2!$%187$B$P4R@9$4H;%"(\%2T?`S)&+A<H*20U,58W,T\24&%J*R
M@P<F-<+21)-4HQ=D154V=&7B\K.$P]-UX_-&E*2%M)7$U.3TI;7%U>7U5F9V
MAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#`0`"$0,1`#\`]525;/;U!V*\=-?3
M7EZ>F[(:Y]?(W[V5/IL^A_PBC@GJ+6^GU%U-EQ+W!V.US&A@+?3:66ON=O\`
M=[W;TE.7UKH'5\W,?E8G6K\"DMK!HK87`;/4]0U;+*O?9ZGY]=OO_G?M%7HT
MT9;>C]8.-4Q_UAZ@RRVPMOL?C.$BPMHH97M/ZIL]3^<8_9ZOZ?\`1U5VUKLT
MDE/%W=-ZRZRS*'U@S<5F38^RJMV(_P#0^I`KHVVO=5Z==C?YM]?\W_->E^EN
MMOV=/ZCZ_4+OVKFM^V,>,6H46%N,ZX5[+`*W?IGXVS9^C]*NO_PS]HOMZ54S
MTO'(>U[[7ML?ZA#K7F';FV37+OT7N9]"KV)*</)Z;U>_)LR\;J^70TL!-+\:
MPAKAZ=H]"OU**_YRK]/5Z>1=93;=CTVU>STWQL#JE1I+>JY5FRAS#Z^/<=Q=
M;9?O?NNJK];[._[+3O;ZOJU8]G\WZF-?L6='QK&M#[;W%K0P$VO/&[W.;.Q]
MCMWTWM4_V73NM=ZMTW$$_I7>T@.'Z'7]#]+_``22GG:>D_6*BIKAU[(N]KVV
M&S#<YX-E3:O6](9%?\R[']7%_0V?K-F3_2?6_1M?T3JSQ71C]9ZC2\.#+;'5
M6/986BNSU'.]9EE%;G-]_P!FNQZ_Y^A="[I5+JPTW7[FAP;9ZKMXW.99]/\`
MZTS^Q[$5N#6US7;["6N#O<XND@/9^=_)L24X3NGY5N1=E?;L]M+G/M9CEF0-
MKG65"JO]%?6]^.STW;J?]"_^<QZ?6]:MD=-ZW=T[[.WK>8RRMV]N2S#M%I`J
M^SFJX>J/5_2?K/Z/TOTJZ>C"92\O%MSYCVV6.>/:-GT7G_.5A)3R9Z1U.R]E
M+.KYU,N!MBFXL<^L.H;LNMNM]'%?8Q]]E>_],ST/T_\`I-WI?3LG"%YR<VW.
M?=87--L`,9_@JJJV>WV,^F__``O\XKZ22E))))*?_]#TSJ%>=;B/9T^YF-E$
MMV6V,]5@APW[J@^K=N9N;_.*&%7GUN#<ZZN^T^H0ZMAK`87,])FTOLW.8WZ;
MT3/IS+\9U>%D#$O):6W&L6@`$%[?2<YGTV>SZ2#T_'SL>*\[+&;;^D(M%8J]
MA<STZ]E;G-_1M_/_`#TE-Y))))2DDDDE*22224I))))2DDDDE*22224I5,6_
M(OR+W0T8E;C74==SG-]MK]0W8QE@?5^?ZG\Y_-I\^ZQM;:*3MR,EWIU&"=NF
MZRT[?]%6'/\`=_A/3J_PB/33512RBEH954T,8T<!K1M:U)3_`/_1],ZACY.3
MBOIQ<IV%<XC;D,:Q[FP0YWZ.]ME3M[?9]%0PL?)QW!F3E/S'GU'"Q[6,(:7,
MV5[:&5M_1HF=C696,ZFK(LQ7N+2+J=N\;7!\#U&V,]^W8[VH>'C78Q;7=DV9
M;OTCO4M#`0'.9MK_`$+*F[*_S=WO24W$DDDE*22224I))))2DDDDE*22224I
M))4L^PVN;T^HGU+Q-I:8+*>+;.=WZ3^8IV?X1_J?X&Q)2L/=D7V9KI]/6K&!
M!:=@/Z6W4^[[1:SV._T%="NJ+&,K8UC&AK&@-:UH@`#0-:`I)*?_TO3,_%LR
M\9U%>3;AO<6D7T;?4&UP=[?59;7[XV>^M#P,.S#VTV95V8[]([U;RTNASF'T
MQZ;*_97^8BYV%7G8SL:RRVIKBTE]%CJGC:0_VVU%KV\(6#@,P-M%=MUS?TC]
MV1:^Y_N+/;ZEQ>_8W\QB2FZDDDDI22222E)(.7EX^'0_(R;!756"7./D)AO[
MSOY"JMR<S/:#AM=BX[CKDV@>H0"/Z-C.W;=WZ3]+E[/2_P"XN0DI/EYU.,6L
M(=;D6`^ECU@&Q\#L'%K&,_X:Y]5#/\):@74=7RZMHO9T\$@_HF^K8&C7^=LV
MTM<[\[]7M_KJSBX=&*TBH'<\S98\E[WGQLM?N>_^1_HV?HZ_T:.DIHMJZKCS
MMN;G,GZ-P%5@$>Z+:&^C9[_H,^S5?\>B8W4<;(L-,FK):`7XUHVV-D3]'Z-C
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M>;G;[/\`AO2_X-)3MD@<H5F7BU,WV75L8(ESG`#75NI*JNZ!T9UC;;,2NRQA
M)8^P;W-+G.M?L?9N<S=:]]GM_/4CT/HQ=O=@X[WB(<^MKCH-K=7M=]%)2`?6
MCH#G9#*<QF19B;O7KQPZY[=HWN_1X[;7_P"K_P#1J#NJ6Y5CZ*[JL`#:QQ>6
MV9#;"6LLJ]%N[%J<SU:MEWKY;/4L_F/])K,KK8(8T-!\`!QHI)*<K&MZ&VW[
M2,BN_)!>S[1:\/L'N+;JZW._F6>JS9Z-/IU>I7L_,5C"ZUTKJ%++\+)9D561
ML<PS,[VM_P"E3:W_`*VKJ8``0-`$E(?ME.POBR`"?YJR?:-QAFS<[_OZK9O5
MQBXS\AF+D9`8`=M=9W&75L:UK'[7[G>IN^A_@;/4]-:"22FH[-L=2+:,6ZV2
M/80*G07^FYVW)=3]!FZ[W_X-(W]2@1BLD[-#;$27>MN_1G^;9Z>S_26^I_-U
M_IK;:22G.RS]8!=4[#;B/I!?Z[+76,<1&VGTWLKNV^[]-9[/^Z__`'94[&=6
M#F!CF/:Y\6.#A66L+&L]2NMV/D^K8VWU+FTOMK_XZQ7DDE-8OO#A^CM<(+B0
M:H&N[T^6N_,]-O\`QO\`F#Q;:W]0R:_TXN8RO<+9](@AS_U<?S.YN_9>^I74
MDE/_U/55AXG2NH=/SOLW3\;"Q^B!Q>`Q]PR-S]K[W;&CT/=;_P`(M`6=5^TP
M::/L^P'=ZCMV^>/YKZ&U".1UUE=I^QT7.:7>D&WN87B7>FV'46-8[9Z?^$_[
M;^@DIN^BS^5_G._\DEZ+/Y7^<[_R2K&[J_M+<6EP=!<'7.86R)<WVT7^IM?[
M=_Z/_P!*0MNZ[^D%.-C#]&?2<ZYY_219MWL%#-U6[T/\(S_")*1]+JZX7V?M
M9F*QI_F_LEMSC/\`PGKMJ6AZ+/Y7^<[_`,DJQNZP"?U6@B&P!>[F3ZFIQOW?
MYO\`[XBX]F<ZU[<BEC*P7>G8RPN)`/Z/U*S6S8YS/W;+4E+9--PQ[#B`'(C]
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M;&3_`"'OKI=_T$^[+]5HV5^EM.]VX[@_\T-;L^@DII9M'6#FT_8FXQPP";G7
MV7>L'$/;^A;7^CV_0^F__2*_Z+/Y7^<[_P`DJ%MGUB%MOI58CJ0\>A+[`\U^
MW=ZOLVLL_G/H[U+U>O!K2:,9S@X;P+'@%NQN[8[TW;?UC=])G\U^XDIN^BS^
M5_G._P#)+/QF_6!O4W>LS#'3"7!KFON=D%H_F-S;&^BW_A6[U)U_U@ECAB8V
MT[?4K]=TB?6]0MN]#W?]I/\``_Z?Z?L5JI^<;R+JZQ1#H<UQ+IG]'[2/W/II
M*?_9.$))300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`
M;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@
M`#<`+@`P`````0`X0DE-!`8```````<`"`````$!`/_A$DAH='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG
M5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^"CP_861O8F4M>&%P+69I;'1E
M<G,@97-C/2)#4B(_/@H\>#IX87!M971A('AM;&YS.G@])V%D;V)E.FYS.FUE
M=&$O)R!X.GAA<'1K/2=835`@=&]O;&MI="`R+C@N,BTS,RP@9G)A;65W;W)K
M(#$N-2<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO+W=W=RYW,RYO<F<O
M,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R<@>&UL;G,Z:5@])VAT='`Z+R]N
M<RYA9&]B92YC;VTO:5@O,2XP+R<^"@H@/')D9CI$97-C<FEP=&EO;B!A8F]U
M=#TG=75I9#HQ.&8Q-S`T-BTW,C$Y+3$Q9&0M83AB-BUE964T-61A.#5A,F,G
M"B`@>&UL;G,Z>&%P34T])VAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]M
M;2\G/@H@(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED.G!H;W1O<VAO
M<#HQ.&8Q-S`T,RTW,C$Y+3$Q9&0M83AB-BUE964T-61A.#5A,F,\+WAA<$U-
M.D1O8W5M96YT240^"B`\+W)D9CI$97-C<FEP=&EO;CX*"CPO<F1F.E)$1CX*
M/"]X.GAA<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2=W)S\^_^X`#D%D;V)E`&1`
M`````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#_\``$0@"!P*Y`P$1``(1`0,1`?_=``0`6/_$`:(````&`@,!````````
M``````<(!@4$"0,*`@$`"P$```8#`0$!````````````!@4$`P<""`$)``H+
M$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$403(C%0E10A9A)#,7
M4G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W1V,H5597&K+"TN+R
M9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY>H6&AXB)BI25EI>8
MF9JDI::GJ*FJM+6VM[BYNL3%QL?(R<K4U=;7V-G:Y.7FY^CIZO3U]O?X^?H1
M``(!`P($!`,%!`0$!@8%;0$"`Q$$(1(%,08`(A-!40<R811Q"$*!(Y$54J%B
M%C,)L23!T4-R\!?A@C0EDE,88T3QHK(F-1E4-D5D)PIS@Y-&=,+2XO)59756
M-X2%H[/#T^/S*1J4I+3$U.3TE:6UQ=7E]2A'5V8X=H:6IK;&UN;V9W>'EZ>W
MQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN<G9Z?DJ.DI::GJ*FJJZRMKJ^O_:
M``P#`0`"$0,1`#\`W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW3#NK=6U]B[7W)O?>^Y,#LW9>S<#F-U;OW?N
MK,8_;VU]J[7V]CZC+Y_<FY,_EZBCQ6#P.#Q5'+55E952Q4]-3Q/)(ZHK,/=>
MZ`'I;YL?#/Y);HR&R/CK\M_C'WYO3$X&IW5E=H=+=]=5]I[HQFUZ+(8S$5FY
M,A@-C;KSN5HL#297-T5++621+3QU%7#&SAY8U;W7NE!WC\K?BY\8AMAODI\D
MN@OCTN]CFALQN\>XNO.IANX[<&*.X1M@[]W%@!GS@1GJ'[W[3R_:_>P>73YH
M]7NO=>/RM^+B]&?[-`WR2Z"'QHL#_LQ![BZ\'1EFW>.OE/\`I;.XO[@V;?I&
M$'^Y#G+_`.1_\"/V_?NO=,&&^:_PUW'TYNKY$[>^6WQDSOQ^V)G8-K;W[TPW
M?75>4Z<V;N:JGVY2TVW-U=G4.ZY]D[>SM14[PQ$:4=770U#R96C4(34PA_=>
MZ#ZI_F8_RX*/:V&WS5_S`OA'2[)W%G]R[3V_O"I^5O1$&UL[NG9F.VGF-X;:
MPVX)=^KB<GG]J8G?F#JLE1P3/44-/FJ"2=$2KIVD]U[H0.EOFQ\,_DENC(;(
M^.ORW^,??F],3@:G=65VATMWUU7VGNC&;7HLAC,16;DR&`V-NO.Y6BP-)E<W
M14LM9)$M/'45<,;.'EC5O=>Z]W3\V/AG\;MTX_8WR)^6_P`8^A-[9?`TNZL5
ML_NGOKJOJW=.3VO79'*8>BW)C]O[YW7@LM6X&LRV#K:6*LCA:GDJ*.>-7+Q2
M*ONO=/\`WE\KOBW\8?[K_P"S*_)3H'X\_P!]_P"-_P!R_P#3EW'UWU-_>_\`
MNU_"/[Q_W7_O]N/`?Q_^`?Q^@^]^T\WVOWM/Y=/FCU>Z]T@>KOY@GP*[QWSA
M.K^E?FY\1.W^R]RC)G;G7?5WR3Z:[`WSN`87$5^?S!PFTMI[TRV?RHQ.!Q55
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M=+=E;`[?ZSW/_$_[M=B=7[QV[O\`V+N'^"YC(;>S/\#W=M/(Y;`9;^$Y_$U5
M#4_;U$G@K*:6%],D;J/=>Z07>/RM^+GQB&V&^2GR2Z"^/2[V.:&S&[Q[BZ\Z
MF&[CMP8H[A&V#OW<6`&?.!&>H?O?M/+]K][!Y=/FCU>Z]UX_*WXN+T9_LT#?
M)+H(?&BP/^S$'N+KP=&6;=XZ^4_Z6SN+^X-FWZ1A!_N0YR_^1_\``C]OW[KW
M0/[3_F8_RX-^;IVUL;8W\P+X1[SWMO//X;:>S]G[3^5O1&XMT[KW3N+(TV'V
M_MK;6W\/OVLRV=S^=RU9#2T='2PRU%542I'&C.RJ?=>Z,]V?VMU=TCL;.]H=
MT=D[!ZBZTVN,<=R]B=G[QV]L'8VW1F,O08#$'.[MW7D<3@,2,KGLK2T5-]Q4
M1^>KJ8H4U22(I]U[I`=&_*[XM_)[^]'^RU?)3H'Y#?W(_@G]]/\`0;W'UWVS
M_=#^\O\`%_[N?WH_N#N//_P#^/\`\`K_`++[OP_=?95'BU>&33[KW7?>/RM^
M+GQB&V&^2GR2Z"^/2[V.:&S&[Q[BZ\ZF&[CMP8H[A&V#OW<6`&?.!&>H?O?M
M/+]K][!Y=/FCU>Z]T_=T_(/H3XV[6H-\_(GN_J'H/9.5S]+M/%[P[I[*V9U9
MM;);IKL=E<Q1;:H-P;YS6"Q-9GZS$X*NJHJ..9JB2GHYY%0I%(R^Z]T6+_AU
MS^5O_P![)_@)_P"EB_'?_P"V+[]U[HSNV?D%T+O3IVH^1&SN[NH=V?'^DP&Z
M]UU?>FV>RMF9[IVFVOL.?,TN^-R5'9N+S55LJ'`;,JMNY"/+5C5PI\=)0U"U
M#QF&0+[KW3!T;\K?BY\GAN@_&OY)]!?(8;(_@HWH>C>XNN^V1M$[D_BW]W1N
M@["W%G_X!_'_`.`UWV7W?B^Z^RG\6KPR:?=>Z`'_`(=<_E;_`/>R?X"?^EB_
M'?\`^V+[]U[HWO6':W5W=VQL%VATOV3L'MWK3=`R)VUV)UAO';V_MC;B&'R]
M?@,N<%NW:F1RV`RPQ6>Q5515/V]1)X*NFEA?3)&ZCW7ND#WC\K?BY\8AMAOD
MI\DN@OCTN]CFALQN\>XNO.IANX[<&*.X1M@[]W%@!GS@1GJ'[W[3R_:_>P>7
M3YH]7NO=/^V_D#T+O+IVH^1.T.[NHMU?'ZCV_NK=M7WIMOLG9N<Z=I=J[%FS
M%/O?<U1V;C,U5;*@V_LV?;V03*UK5PIL<]#4"H>,PR!?=>ZZVU\@^A-Y].5/
MR)V?W?U#NOX_4>`W9NRK[TVUV5LS.].4NUMASYFEWSN6I[.Q>:JMDP8#9E3M
MW(1Y:L:N%/CI*"H6H>,PR!?=>Z"'</\`,%^!.T=B]=]H;L^;OQ#VQUGV_P#W
MN_T3=B;A^2G3.%V+VA_<#,0;>WY_H[W=DMZ4V`WM_<G/U,=#E_X;45/\-K)%
MAJ/'(P4^Z]TH>Q_FO\->G-K=:;Y[=^6WQDZKV3W1@FW3T[O#L?OKJO8^UNV-
MLKCL#F&W'UIN#<^Z\7B=]X)<3NG&51K,7-54XI\C2R:]%1$S^Z]T_==_*[XM
M]O[ZGZOZF^2G0/:'9E-L#;W:]3UWUWW'UWO;?5/U;N[#[1W#M/LJ?:.VMQY/
M/Q;`W/@-_P"!KL=F6IQCJVCS=!-#,\=93M)[KW7LG\KOBWA=]=H=7YGY*=`X
MGLSH_8&0[7[IZ[R?<?7=!OKJ#JW$X?![ARO97:&T:K<<6?V!L#&8#<^-KJC,
MY:GI,=#1Y&FF>81SQ,_NO=+[J_M?JWO#8N#[0Z6[*V!V_P!9[G_B?]VNQ.K]
MX[=W_L7</\%S&0V]F?X'N[:>1RV`RW\)S^)JJ&I^WJ)/!64TL+Z9(W4>Z]TP
M=T_(+H7XW;6H-\_(GN[J'H39.4S]+M3&;Q[I[*V9U;M;([HKL?E,O0[;H-P;
MYS6"Q-7GZS%8.MJHJ..9JB2GHYY%0I%(R^Z]T@<S\V?AGMSIS:?R)W#\N/C'
M@?C]OW/U&U-C=Z9GOOJK%].;SW123;DIJK;>T^SJ[=<&RMQ9^FJ-F9B.2CHZ
MZ:H1\56*4!I9PGNO=!!_PZY_*W_[V3_`3_TL7X[_`/VQ??NO=+_<?\P7X$[/
M_O\`?WN^;OQ#VM_HJW_1]4=H?WC^2G3.$_T;]I9'^^G\/ZUW]_$]Z4O]S]_U
MW^C?<7APV1^WR,O\`R.F$_8U/B]U[HSN[-V;6V'M;<N^=\[EP&S-D[,P&9W9
MO#>&[,SCMN[6VIM;;N.J<QN#<NY=P9BIH\3@L!@L31S559654T5/2T\3R2.J
M*S#W7NB1_P##KG\K?_O9/\!/_2Q?CO\`_;%]^Z]T/W1ORN^+?R>_O1_LM7R4
MZ!^0W]R/X)_?3_0;W'UWVS_=#^\O\7_NY_>C^X.X\_\`P#^/_P``K_LON_#]
MU]E4>+5X9-/NO=!!NS^9C_+@V'NG<NQM\_S`OA'LS>VS,_F=I[PV?NSY6]$;
M=W3M3=.W<C4X?<&VMR[?S&_:/+8+/X++4<U+64=5#%44M1$\<B*ZLH]U[H7^
MC?E=\6_D]_>C_9:ODIT#\AO[D?P3^^G^@WN/KOMG^Z']Y?XO_=S^]']P=QY_
M^`?Q_P#@%?\`9?=^'[K[*H\6KPR:?=>Z075_\P+X&=W[[PO5W2_S;^(O;W9N
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M`U6ZLKL_I;OKJOM+=.,VO0Y'%X>MW)D-O[&W7G<M18&CRV<HJ66LDA6GCJ*R
M"-G#RQJWNO=+[#?(/H3<7<>[/CMM_N_J'._('8>`IMV;YZ+PW96S,GW'LS:U
M9!MJJI-R[LZQHLU/O;;N`JJ;>>'DCK*RAAIWCRU&RN150%_=>Z%[W[KW1(]V
M?S,?Y<&P]T[EV-OG^8%\(]F;VV9G\SM/>&S]V?*WHC;NZ=J;IV[D:G#[@VUN
M7;^8W[1Y;!9_!9:CFI:RCJH8JBEJ(GCD175E'NO="!A_FQ\,]P]-[J^16`^6
M_P`8\Y\?=BYZGVKO?O7#]]=5Y/IO9NZ*RHVW1TFV]U=G46ZY]D[>SU55[RQ$
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MF],3G\3_`!;`9:EKJ;[BGC\]'4Q3)JCD1C[KW0@='?*WXN?)T;G;XU_)+H+Y
M"KLDX4;S;H[N+KSMD;1.XQE3MX;G.PMQ9\8`YX8&N^R^[\7W7V4_BU>&33[K
MW7NCOE;\7/DZ-SM\:_DET%\A5V2<*-YMT=W%UYVR-HG<8RIV\-SG86XL^,`<
M\,#7?9?=^+[K[*?Q:O#)I]U[I/8;YM?#+<73F[/D3M_Y<?&+._'[8>?IMI[Y
M[TPW??563Z<V9NFLGVU2TFVMV=G46ZY]D[=S]54[SP\<='65T-0\F6HU5":J
M`/[KW1G??NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_]#?X]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=:6G_``KVJ\EV7NK^
M4%\-]T=SX+H_X_?);Y/[_J>W]_;HQFV)]L]?5^U\GT/U=MON7<>6SM?MJ>CP
M'4FR_D'NVNK*0YW$8NK@J&>ME4TU-44ONO=*,?\`"<;X0?`C^8Q\$?D;T7_,
MO/PRKL+OSIJGV!\=NX=P;4KNS_E9OGKS);4VGV]M+K;L.N[AZ@W!7_[,AM[<
M%+B=T;=Q>V\]20Y#=M9!34D>'R-!M^D]U[H@/PN^`/QS_G*?S\_YR.[/Y@N_
M#V2/C-W[V%LW9'QOQ^=@ZRRO;VQ=G]@=@?'/9.X<EE>N,WLS?W]P_C;L+J_:
MV.KGPJ0562SN;PU1E\K^Y4TF<]U[JH?O;J+#_`3<W_"BW^7)T-WJ>Y/C-M?H
M+XS[RGRU13;(R68R&^NLOG[\#Z?:NWMU;DVY%6!=^="#Y%;QV5N%,?+B:7(Y
MNEJIJW%4533T]#CO=>ZS="]G]T;*^!'8/\A.BSO12=E_S%OES_*J[/ZNRN5Q
MW;50:78'SFZ9ZO[VRV=RV^L;0+@=O1=6Y_9_2>+RM,<)7U47]X-RK019N-*>
MMQWNO=$8V%2XZN^&7\LNBS'2V?\`DEB:S^:S\W:7*?';:>5W3@MT]^8ZHZJ_
ME$PUO2VVLWL:@RN]L-G^TZ9VP='58>EJ<I3U%<DE)%).L:'W7NK^_P"2I\&/
MDD_\_7I[Y1[$_E1_)S^7/\/]@[=[4W%6;`[II>[LIM?K.@R7Q5W;TO)38_N?
MY$[6V+N/L_/;[[@W?!DHL32Q563HJ?)S-'3G&XNHJH?=>ZJ)_G*?*_IKY\?S
M'_YG'=6^.S\]'B^L-O8SJ/X&XW:V_P"I[9ZW[`RG2W>W2?3]3'MS<V-VKEMM
MX?J/M'J)NS.U:*GH)\1BX\_DH]&3R$\[C,>Z]T??^9E\OL=\\_A5_P`)G>U-
MX=;;@^66],-G_D)T-WY\?,-V]NC>G</?_8/3.^/AEUKN7KW=&^]GXNN[3VUV
MW\K]M8>@ST2)1U>Y:*/?%'/3MD7>FK*OW7N@B^`'Q^V[\[/YZ/Q/POP7^`!_
METX+X7=@=9=V?*KI#M#Y(=I=MYK:B?%SY'8S-=L[ISF3[GV_A^S<3OS+5F5P
M.QJ?9])BY11YQ(9ZTT5(^4K:+W7NK&/GK\1NX_G5_//_`.%!WQ=^/]+@<EW%
MV%_+C^.V7V-A-QYV';..W+D>KMV_RDNW*S:5/GJR,XK&9W=V)V)48S%R9"6C
MQ8R=73BNK**C,]7#[KW5"/4W5OPGZAW1\>OC!_-^^"_S>^$^ZIMP[BS.]/E9
MUMO'>_5/8^<ZD[`R!Q^P]\=E_%;Y'=%=NT6\MO\`6>]=M96@&:ZYEVG)48#[
MH'$9_-XM5R'NO=;)_P`J_BEU;_-B_P"%8?;GQ6^9_;)H.DOC9\?NIZ_J[JFB
MJL!LO<'<^W]L]3]0=TY'XX;?W1C*O;N[)#GMV=[;QWCFJ^B.3W0NU\7DZ6AG
MQT,--DL/[KW1!/EC\4NK?Y3O\WOYE_%;X8=LFOZ2^2?\H/\`F.U_:/5-;58#
M>FX.F-O[F^#_`,I>Z<=\<-P;HR=7N+=D9P.[.B=G;QPM?6G&;H;:^4QE+73Y
M&&:IR68]U[HDOP(^5'?/\N#XB=P=>=UY_//\%/YPO\N;Y_0=10P#=];U_L_Y
M0;2P?>'QVVSE(XVZWS%/)VWF-X]68_:V?QN!R-+01[<W]M;-;AK1%BZ.GI/=
M>ZWQO^$OG_;B_P"#O_ER_P#\&!\@/?NO=:Y_PN^`/QS_`)RG\_/^<CNS^8+O
MP]DCXS=^]A;-V1\;\?G8.LLKV]L79_8'8'QSV3N')97KC-[,W]_</XV["ZOV
MMCJY\*D%5DL[F\-49?*_N5-)G/=>ZJ'[VZBP_P`!-S?\*+?Y<G0W>I[D^,VU
M^@OC/O*?+5%-LC)9C(;ZZR^?OP/I]J[>W5N3;D58%WYT(/D5O'96X4Q\N)I<
MCFZ6JFK<515-/3T..]U[JU3^1I\?/CAVG\A?Y>5)O#_A.K\G>I<MC,!UYVW2
M?S/-R]]_.5NG,KV7T]U-+W/L;Y"TVQ\IL/;718P'=?9&R,?/B<6N<DV^),]3
MP4_WT`CIZCW7NMG?_A13\=_FK\NOY:NZ_B]\'NGL%W1OCNKMKJC#=HX++[OV
M3L?([>Z>V5F*SMNJW3M7/]A=B==;7BSL?9_7>UL=+%-+DGEQ>2K%CH]=JND]
MU[JH?^2/\PMS?`OY._.S^6A\S/B5\(_C#6?R_P#X387N[N3Y0_$3KO)8C<G;
M'67Q>V]L$+VCWG4[;@W;NSY"[A[$ZL[MIM[4.1%%A-P8ZHJ,E3U."_B65EI,
M;[KW5G'??8O\NW_A2E\$OF'\5/B-W7@.W-Y]>;?V7NK:^\,_U?VAUK!TUWUD
MDWGE^@-S'/\`<'1XRV.P.Z<OL++X/<M7MC'UN8&SZ[+T2/3OD(C)[KW6KC_*
MW^-_SG_F\_-[XQ_%'Y_8O863^+O_``G_`/N.GNVMA3T?4;5-5NC;&[=P[;V%
MTQNZCQN#W[@>\SNO._'W#[3W"RQ#:]9UYL.K=JZ/<.6;(Y_W7NJG_P"6)LSJ
MK<70F[JW?/\`PGR^3O\`-@RT7;V?I:?Y$]+=T?,WKG:VS,<FS-@30]+5^$^.
MW6>\]DU6?V[4SS9R6JJJJ/*/3[C@CDB6"*F=_=>ZV5_YFORTV[\2_P#A,5TQ
MTAU?\3=__P`MS=GS"W[OOHO;7PWWKWGVB.\>D.KZ/OOM+LKO+<]=-VWMS;G=
M79^PNTL5MV'&9VBKJ/'8^GQ';-'333S4$E+29'W7NJJO^$TOROZ:^)/\X38G
M2'5G9^>W#\?OFG\8>H>J=WY+?V_ZGKW:^#^6L_0/7'<>X4J-M9O:NV,-O_.;
M8^3>+WIU5L.F>GBK9:?=R?P[)Y,U+',>Z]U3%T#N_P"-'7OP+[GSG>G\J+?_
M`,B=U;U[`[$ZJZB_F(?[,-\@^I.K>C^S]R=-X6KV!UH=E[/VG6]*]D[^ZUR5
M'5[X_@^4RD61S..KO!4PK00I*?=>Z^B5_P`)3?B-W)\3?Y4^$J^YJ3`8NJ^4
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MGO\`E@;JVON'_A'QW?B,!N3`YS*[%^$7\U3:N]\9A\QC\GD-F[HK,A\HM[TF
MV]U45%43U.WL]5;+WEB,O'1U:PU#XO*T=4J&"IAD?W7NM8SY#=+;G^27\JS_
M`(2V_';9.0P.)WGWYW!_,AZ6VCE-TU60HML8W<_:?STZPV-@,AN.MQ.+SF5I
M,#1Y7.Q25DM+15E1'3J[1P2N!&WNO=`3\U_EQV#_`#*O@Y\'.O<?6]446+_E
M(?RYI<UW#1XW"=D[<W0,QG?F'U#\&]M[3CK,]+N';V\-QS]/T?3VZYY*-J'&
MI/F=Q.*P3QTV#HO=>ZON_P"$^VZMK[>_GP5>(S^Y,#@\KOK^1/\`R_=J[(QF
M8S&/QF0WENBC^"_\K;>]7MO:M%6U$%3N'/4NR]FY?+R4=(LU0F+Q595,@@II
MI$]U[I^^2_\`V_0_X5!_^,"?D!_\!_\`!WW[KW5^W_"7S_MQ?\'?_+E__@P/
MD![]U[K7O_X5B_*_IOM?^8+_`"]_Y?/<'9N?V3\7NJ]P;+[=^9NZNM=_U&X,
MAM?&]W;[P^U*]LYU/@MK;Q&&[=Z1Z!VQD]Q[=J:[&YO)SXOL1?M<8M-4G^*>
MZ]TG_P#A,7M;XH?S0_A!WU_*Q^=>S?\`33M'XP?(#;'R^Z*V;G_D#V1M'+)A
MNQ=J[LZZW+3=>;)V#NO8^[L+L/JG=D^1R.6>DR%3@Y\WVFDM714U?)#4UONO
M=8OY+7\FW^6[\M/GM_/-Z6^07QR_O_UG\.OEY1]7_'';7^E[OC:O^CK8LO<W
MR\VG)@_XSLGM#;>?W=JP'5^"I_N<[592L'V.L2^2:H>7W7NBSU_Q%Q_R]V?_
M`,+#,;'18&7>WQX^;>,^6O7.6W)G-S87'[>RG0O?G\PW</8E731[;CJXLWGL
M]T'5;PP6*HLG35&+DR>7IY)FI'BBR%)[KW03_*W^;GN+MC_A,O\`"+X?C-;^
ME[1W#WYN[XL]KYJOV7UA1[*W1TC\'Z'KKLW9&RL=E,?4OGJ+^![?[LZ4AH\E
M!C:#+Y2KVKFDR56\;M+G/=>Z+UNGX4]=?#/^:_W5\/MV?RN.P/YJJ]*?$/XQ
M8_>OQ[^-G;7RBVVV&[QR_P`;OB-NCNCY*XO>74^S-T]KY'861[6W1N&&&@R&
M,QN'B.\*55@H?MZ&B7W7NMRW_A.-M;KO;7^SD?W!_DM]_?R@OO?]EZ_BW^G+
MM3Y2=F?[,-]M_IQ^Q_NO_LRNPMD?P3_1-YYOO?X+]U]S_>:G^\\?BI?)[KW5
M0W_"LW^5[\%_C#\6\;\TNC>CO[D?)?Y#?/NC_P!,'97^DON#<O\`>_\`TL]=
M_([M?L#_`'YV[^P,_L#`?Q_?^`I*_P#W%XJB^U\7@IO#3,\+>Z]T(/\`PHR^
M"'Q2_E-?RE=W;4_E_=5?Z`L#\U_EU\:.K/DU0_WZ[*[2/96Q.IMD_(KNC8&#
M%5W1O+L6MV;_``'LG;='D34X"3%U=6(C3U,LU*[P-[KW11_YQW\@#^7/\'_Y
M.O5GRPZ"[Z?-=V[`/5A7N2HWQCLWM/\`F!GO'/;?YV%M3^^F1VEM8[8VIDJS
M=VT/[ER5_P#OR,)7IEOX]*?[QT/NO=&W_G`?`_XH]X_R(IOYR?:'5(W+_,A[
M?^(G\M7M'L3Y%C?/9.%&X-\]@1?$OK#=N;'4.`WCBNB<2,KL7+5%#]M1;8IJ
M2#R>:&*.H591[KW0@MT-\%_Y/G\@ND_F:?'7J\]4?.+Y5?RQ>A^D:?M#&?)3
MM_:>^-U]I?,C8'3^2W3N?K+&[FWYN;;V,WWL+<<<W94%%M;$4&1BH]H5*4<^
M,HEJ*FG]U[K5P_DU_*_IKX#_`,Q_^6/W5L?L_/28OL_;V3ZC^>6-W3O^IZFZ
MWZ_RG=/>W=G3]-'N/<V2VKB=MYCJ/J[J)>L^U:VGKY\OBY,_C9->3Q\\"##^
MZ]UN$_#K_N,8_FN?^*"==?\`O#_RV/?NO=;>/OW7NODN=K[M^-76O\P[^=WV
MA\IOY4F__P"8_P!:;+^??<9K^Q-N_(3Y!?'78OQ8&XOD_P!];?ICV)NWI;:>
MX<!)_IOS]=CZ'$_WBJ*'368)H:#S25,ZK[KW0Q?$3XC]Q=1_\)E/YP/RTWO1
M8#%]3_,/<7P5Q71E-3;@@RNYLOC/CC\WH=H;_P!UYC%4"5%-M[!56\]YRX?'
M1U53'EJBIP5=-+1P438ZJK_=>ZQ_'SKCHBNZ$Z0K<Q_PD@^;GR2RU9U#UK59
M3Y$[3^27\Q_!;6[\R-1LS"S5O=.VL)L;I3*[)PV`[3J7;.4=+AZJIQ=/3UR1
MTDLD"QN?=>ZM9_X5F_RO?@O\8?BWC?FET;T=_<CY+_(;Y]T?^F#LK_27W!N7
M^]_^EGKOY'=K]@?[\[=_8&?V!@/X_O\`P%)7_P"XO%47VOB\%-X:9GA;W7NO
M?\*9?Y7OP7_EN?RM]J_[);T=_H9_TS?/OX\?Z2O^,E]P=B?WD_T=_'?YJ?W.
M_P"9K]@;Z_@_\'_OUE?^`'VOW'W7[_E\4/C]U[H[O_"Q[=6U]]?RC_C#O?9&
MY,#O+9>\OF[TKNK:&[]JYC'[AVONK:^X?C/\G\O@-R;;S^(J*S%9S`YS%5D5
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M^Z]T9O\`E.?R3>T?YR/\NSIK&;3[MV#T3UKT+\_/G,.V=W[AP&Y=\;YC3M+X
MP?R^:G8HZ\ZYQ<VVMO;Q+[AZN>FRW\4W/M\8^CJUJJ;[Z6,TC>Z]UOU_R<OA
MAVC_`"]OY<'QR^('=.?V%N?LSJ)>V_[SYWK'+;CSNQZ]]_=Z]G=GXIL)E=V[
M6V7N&J\&#WK2Q5/W&,IO'6)*D?DB5)7]U[JS;W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=?_]'?
MX]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=5C_S5?Y57QS_`)LGQSJNE.ZZ5MK[[VNV4SW0W?.!Q=+7[ZZ2WU7T
MM/#/D,?!-44`W1L+=`H*:GW/MBHJ:>CSM'3PNDU%E:+%97&^Z]U25\%/^$GN
MQ_C1\QNH?EW\E_G!V!\RLAT'_<#-]4[)R'6.8ZG&-WQTQ1;3PO0N0W%O.?O3
MM7/YK8?2N"VA0Q83;%(N,HU.*Q=-+,^'I*C$5WNO="]\[_\`A,KM?Y%_-7-?
M/KX=_./N#^7I\@]\YW/;H[!RW56Q*#(8U-S9S9."V/E=Q]5UG5^^OCQO;KG/
M[\IHLY7[TK*S-;AGW5E-Q5<[M2B2H2J]U[I`=3?\)/NA>GO@+\M?BKM_Y-;A
MS7R!^8F"Z;VOOSY4[LZ3V=E*#8FV>FOD/A^]*3;G4O55%NG%;TVM@.P8-M8F
MAW11UG863@RN4PV/R@6$4<%`GNO=&=Z__P"$\G5NR_G-_+@^:60[7V)N9O@7
M\0>C?CANOK>K^,^W8%^1W9_Q_P"H-Y]4=>?)?<6[Y^Q\D=K;]VN,GMJOPR5.
M+W#D,+_<O%04V5'VU++2>Z]T3_XZ?\)5?]`/^R$_\YX?WL_V2#Y][Q^<?_9+
M_P#`?])W][/]DN_XQ?\`]E$9G^Y?\/\`]E"_XO?^Y;R_WA_X`)]A_EONO=;2
MOR`Z[W3V_P!#]V=3;&[+SO2^]NT.H^R.N]G]Q;63(R;FZGW3O;9N9VUM_LO;
MD>'W!M/+29W8F6R<.4HUI<KC*@U%*@CJZ=],R>Z]U2/_`"Q?^$Z/PP^"G0>[
M.H_D1U[\8_Y@&]MP]NY_L;&]R]T_#7JJ'=.W-L9?9VPMM4/6F/3?.8[HRPV_
MALIM&MRD7CRL%,:G,SZ:5'\DL_NO=5C_`!<_X2([G^-_?7Q3[:J?YG.>W_L?
MXK?*#8OR@V[TW4_%W(X+;.2W/MS>?5^Y=WPXF:7Y3[AQ.S\]V1B.H<%BLCFH
M,54U,E/C*$SQ5*45/"ONO=6=?-3^0OC^^OYE'3/\U7XN?*C._$;Y0[`SNS=Q
M=F1U_7VY^Y.ON[*_KK%;=VAMBFR^'P7>71NZ-H8'<W5>&EV;O/%X[,G&;HVU
M)'"M/05+Y.KRONO=<.Z?^$^/3GR6^=_\PSY9=^]UY_=G57\P/XQ;0^.FX.AM
MJ;+FV/NGJ[([#;XJ9;9_:FVNZX]_YRESVX-K[U^+&.S=%CJW:0Q<M35)3U\5
M?105%-7^Z]U471_\(U=T;BQ_2_77<_\`-P[A[-^/?2V?R=3M7I>FZ$R6%QNS
M=K[UW/0;D[7PW3+[I^378NRNH,[V-/2--59*EVW74[Y/Q5E90UQB\3^Z]U:Q
M_-?_`.$[G5W\Q[Y%;(^9O4WR7[!^%/RXV>O6]'-VGUSL;;^X\1FEZOJ]RY/:
MN_:C';;S?4794'?6%K*["4>.W>=Y2_P[![:H:&*@O#3U--[KW0!?$[_A+5U=
M\?\`"_,O?/;/R^[!^3_RX^6WQ_\`E5T%#\A^QNK-OMB.ME^5.QDVINKN6GV7
MN3>._NRMS]]0UF2S8R.XAV!C?XW@]P5V,E@A-345L_NO="[OC_A-_P!.]E?R
M>>DOY7N^NW\#N'M+XX9[>VY>D/FC4='S4VZ>N\GV1W_G^W=^PX;K.B[@IZF;
M`[QV7N.;;&3Q53NN?&5D]/19F2`UN-QR4ONO=6K?RO?@Y_PVY\%^COA;_I0_
MTS?Z&?\`27_QDK^Y7^CO^\G^D3N#L#M?_CSO[V[Z_@_\'_OU]A_Q=:K[C[7S
M_M>7PQ^Z]U37\[_^$RNU_D7\U<U\^OAW\X^X/Y>GR#WSG<]NCL'+=5;$H,AC
M4W-G-DX+8^5W'U76=7[Z^/&]NN<_ORFBSE?O2LK,UN&?=64W%5SNU*)*A*KW
M7ND!U-_PD^Z%Z>^`ORU^*NW_`)-;AS7R!^8F"Z;VOOSY4[LZ3V=E*#8FV>FO
MD/A^]*3;G4O55%NG%;TVM@.P8-M8FAW11UG863@RN4PV/R@6$4<%`GNO=;*/
MQ1Z-_P!EA^+?QK^-7]Z/[[_[+ST#TYT;_?3^"?W:_O?_`*)NN]N;!_O1_=S^
M+Y_^`?Q_^`?=_9??UOVOF\7W$VGR-[KW0!_S(?AMVA\X_CF.GNF/F9W]\$^R
M\5OW;._-L]Y?'W<&X\/F2V&I<SA<OLW?6)VGO+KG/;SV!G\#N2JD;&P;@Q/B
MSE)C*]Y)XZ%J.I]U[JN;^61_(6QWPH[C^6'R"^6?RGSW\RGN3Y6]183H3=.^
MN^NO=RT]=)TW+314'977N_Z#?/>'=V([AP'9.)VOM/'R)FJ<OC,7ME*&G;[2
MMJH6]U[JY7HWXH_%OXP_WH_V6KXU]`_'G^^_\$_OI_H-Z<Z[ZF_O?_=K^+_W
M<_O1_<';F`_C_P#`/X_7_9?=^;[7[VH\6GS2:O=>Z()_+F_E5?[(#\I/YF?R
M5_T\?Z6?^'%N_J?O+^Y?^B_^X?\`H=\'8G?N_O[K_P!X_P#2)O/_`$@Z_P#3
MC]I][]A@[?POR_;_`.4^.G]U[JBCI;_A*7\S?C;M:OV-\=OY_'R=Z#V3E<_5
M;LRFS^ENI>U>K-K9+=-=CL5AZW<M?M_8WS@P6)K,_68G!4-++620M424]'!&
MSE(HU7W7NC0;X_X37=H=Y]C?RY=Z?*_^9MOWY:[?^"1QQWIL;Y!](;B[6Q7R
M7:3Y5[\^0&]O[U2=D?)G>=%MQ.P^M<]MWKG*BKH]Q?=8+:&/-1]Q21TV,H_=
M>Z%[^9-_PFXZ"^7^ZOC#OOX9;NZ?_E<;X^..X]Z;N?>'QD^)>S,+N;>^Y\OD
M>M,QU]N*;.]5=@=`Y;!9[J3+[!J*K#5AFKJFFJ,M+)3/2.KM-[KW2]^$O_"?
M+ISXX_RO_DU_*W[][JSWR3ZJ^3O;V=[8W#OC:NRYN@]T;3R%3MGI6@V@^VJ.
M/?\`VM33;@Z_WKTECMPT556S5.+K*G125^,JJ)9X:OW7NC._R;/Y9_:?\J3X
MY[I^+V[?EL/E5UG_`']K-^=2_P`0ZBW#U=F>I1N:F4[[V7C3D>]^WL!5;!S.
M?HX\Y08[&X_!FASF1S59425\F47[/W7NJY_YF/\`PF#Z?^;'R=R?RV^,OR5W
M'\!>V.R<!O["_(9>O>M:C>^UNXJ[L3`5^S]X;J@P^%[5Z?J]DY_LW9>X\QB=
M^1PU5;BMZ4]<TU7115U3FJO,^Z]T;S^5U_(5^,7\N+XE?(KXS9[<N>^2.6^8
MV`S&R?E5V#FX,[UCC^R.MZC![XV;M_KC:VR=L;VS%3UMMW`[+[#S$3UE)FJK
M/UF4RU95MD8X!C*'%^Z]U15N+_A%58[]VAUS_-,[#VCT?NW?]'O2BZJW#\;#
MNNXVK_?'&=9U>_,C@_DCL':6_M_;#VIOS+8^#/KMS%6_BN0:EI**&NFIO?NO
M=7*=G?\`"?+IW(5'\F[;_0?=>>Z9ZJ_E!]NY3MC;^S]U;+F[>W1WYD-Q]Q=,
M=V;ODW+OI]_;!I=B[@WCO7J_(UE;546'K<7!4[A<4&+HJ*BIZ%O=>Z++4_\`
M"7/JVFZZ_FT;!VCW_L39)_F5=@];YWK/+;?^)FW<>/AIUAL3Y15'R4R'2&PJ
M#&=O8S^].PMTM0;?PTU)CY]I8^,;8QM6U%-]K34T'NO=!_\`*'_A)YL7N7<'
MQ'[8Z,^;^_\`XO\`R-^.W0/QPZ>W_P!Q;:ZPR^Z?]*6]_BKU9UKU1U%WML3"
M4G>FQ]P=`[_Q>`ZWI%FCQF?RE':CQTM.M-D*>OR&6]U[H7_@'_PF"Z=^#G0G
MSJV3-\D]P]N?(/YI?&/N;XCTO?E9UE-LO;'3O3_<&S4Q&3H\+TM2]J;BAWCG
MI]YT]'F<G6Y#<4;U=/B*"AQXQ`_B53D_=>Z*]U?_`,)=OGMT?L7!]7]+?\*'
M?EYU!UGMC^)_W:Z[ZOZ][FV!L7;W\:S&0W#F?X'M':?SIQ.`Q/\`%L_EJJNJ
M?MZ>/SUE3+,^J21V/NO='_Z9_P"$\G5>'_F7_+G^81\NNT^O_GI@ODX.T1M[
MX]_(OXQ[=WUA>H%WAV5LO='7?\(WCV;V3VI19M^F.M-FQ[)PIAV_B/#@Y1%2
M_94L8H6]U[I_Z6_D'[4^-G\X/(?S._CIWQM[H3I[+[<JMHY;X*],?'S'=7=:
MY+;%=T+BNKZW;M9NC8W:6!VM4X&L[3P-!V'+1R;+>FDW!1PNR&LBCR*^Z]T9
MK^7-_*J_V0'Y2?S,_DK_`*>/]+/_``XMW]3]Y?W+_P!%_P#</_0[X.Q._=_?
MW7_O'_I$WG_I!U_Z<?M/O?L,';^%^7[?_*?'3^Z]U[^7-_*J_P!D!^4G\S/Y
M*_Z>/]+/_#BW?U/WE_<O_1?_`'#_`-#O@[$[]W]_=?\`O'_I$WG_`*0=?^G'
M[3[W[#!V_A?E^W_RGQT_NO=5$_%__A)3T7\:?YC.R/FG1_(X;IZ4ZK[]W1WE
MU5\3/]#V[<(FRFH<GG]Q]";8'>DOR.SVZMP_Z"]V28&O%;D,3/\`WE_@`@R,
M!AK:A??NO="W\V?^$Z_??R2_F(_(#^87\=OYKW;WP=WMWY@.OMIY3"]+=4[S
MH=TXW:VR>L.JM@5NVJ_M+8WRBZHRVY,!N3+=44.9EHY*"GIXZA8%9)7I8YV]
MU[JQO^55_+F^4GP!_P!/'^S*_P`S/O[^8M_I9_T7_P!R_P#3E3]B0?Z'?[A_
MZ1/[Q_W7_O\`=^]XZ_\`2#_?.@^]^T_A=OX'3^7[G]O[?W7NO?SI/Y57_#OO
MQ;V%\:O]/'^R\_W([^VMWE_?3_1?_I9_B?\`=KKOM/8/]U_[N?Z1.L_LOO?]
M)GW?WOW\WC^R\7V[>;R1>Z]T9[^81\!.A?YEOQBW7\5/D3!GZ;9&Y,[M#=.-
MW?LA-G4_977^Z-FY^CS%#N7KC<&]]G;[Q.U<_D<6E;@ZVLCQTE1/@,QD:(,B
M5<A]^Z]UJX;0_P"$;PS!Z@Z_^2W\U?Y`]T_&7ID[^.R>BMI]4GKP;%'8!J<S
MGQU'E]^=W=[[!ZK&Y-]1T.5W!]GL^H.<^V=)/%421UE/[KW6RA_,8_EX[7^=
M/\N_LW^7MLC=F!^,^R]ZX'IS:NT,WM7K+'[CVOUCM?IKM#K?L#`;;VWU?B-R
M]<XJ/`QXKKF+#4='2U]!3XZGE1HT9(%@?W7NJQ_YAW_"?7<_SQ^&/\N3X84W
MSISW3VQ_@9U)M_KO<4E-TED=Y[9[_P!S[0ZJZPZIVAV5ENOXN^MEXG9^>VIB
M-F9TXX3U&X*FBI]VUU-!51HU0U9[KW2]_F=?\)T?AA\Z^@]I]1_'?KWXQ_R_
M][;>[=P'8V2[EZ6^&O54VZ=Q[8Q&SM^[:KNM,@FQLQTOECM_,Y3=U%E)?)E9
MZ85.&@U4KOXY8/=>Z))VS_PF3^4F\_DSE/EEU?\`SJ>_.A>Z]U]!_'7H_L3L
MGK_J;L3&=G]C?Z$_C]TCTWN[<V\NS=O?,+:F[-P+V_NSI6GW=D:&NEJ_%D*B
M-)JBNFI5K9?=>ZO5_EB?"SOOX*=";NZC^1/SF[>_F`[VW%V]G^QL7W)W3#O.
M#=.VMK9?9FP-LT765`F^>WNZ<L<!ALMM"NRL1CRE/3_<9J?32H_DFG]U[HL?
MP\_DM[&^-W:?\WS=O:';8^0/6G\W3L#=&XNQ.ICL#+]5CK_8V]]Q_([)[MZ[
M.^L!VGGL]NT9G`?(>HQG\6HHMM5=/_#_`+B%8Y)U%-[KW5<O7'_"8+=747P_
M_F!_`G8W\Q3/5?Q=^:^X.K=V;-VOOSX[Y'=&Z>@-T]0=X[*[)V_N.BR.(^2.
MTNO][9W>G7NT(=L[QK*;:VVZC/U./PN0B>AIL2,15^Z]T'^T_P#A-%_,?V'M
M;;6QMC?\*0OFYLS9.S,!AMI[/V?M/:W>^W=K;4VMMW'4V'V_MK;6W\/\\J/$
MX+`8+$T<-+1T=+#%3TM/$D<:*BJH]U[JYC^=)_*J_P"'??BWL+XU?Z>/]EY_
MN1W]M;O+^^G^B_\`TL_Q/^[77?:>P?[K_P!W/](G6?V7WO\`I,^[^]^_F\?V
M7B^W;S>2+W7NA@_FE_RUNF_YJ_Q+W'\7>W\SG]G3Q9^@[&ZF[*VTTU3D^K>X
M=NX7<.#VOO6;;39#&XG?."3$[JR6-RN$KI(DK\5D:@4U3C\BM%DZ+W7NM:WI
MO_A&9LC$]H])9CY1_P`PGL'Y-]#=.7QR=!TO2V8ZJ3*[(CW%NG?PZPV]O]_D
M5V-5]:=?YWLC=V0RF:IL'C*:LJQE<H]'58[)5W\5@]U[J_+IS^55_HF_G&?*
M[^;/_IX_C_\`LSW0.W.C?]`/^B_^%?W(_@&#^->&_O1_I4_TB9+^\OW?^R\^
M3[+^[>/\?\7T_<-]KJJ?=>Z++_+I_D+X_P#E;_._NWY(?%/Y49W%_%#O3!9+
M;NX?A-O/K[<^YJ?`T#-2[AVA4X'N:+O+%4V6SW5V]EK8-N93<.S\[DZ/9V8R
M6'FJ*C(5L^?;W7ND!\:/^$W_`$[T]_*G^2G\L+N7M_`_(VD[L[=W[WUUUW7F
M.CYMCY'H3N#.=0[!ZUZ[W_M/:-%W!N/*5^X.MLML8Y%Y*?<>)3/8S)5F$K$_
MAU56+5>Z]T=G^2W_`"JO^&@OBWOWXU?Z>/\`9AO[[]_;I[R_OI_HO_T3?PS^
M\O7?5FP?[K_W<_TB=F?>_9?Z,_N_O?OX?)][XOMU\/DE]U[JWCW[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U__TM_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1(]C?-O:V^/
MFOVC\,J79&?H,MUS@-X5-/OR?(8Z7'9W=/5>R/ASV9VKAIL%&HJ<1@*#9/\`
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M;M/;&'J:PM]O!E-QXND=UGR%)'+[KW7NS?D'T)TID<!A^Y.[^H>I<MNO`=C;
MLVMB^S>RMF;#R.Y=K=/;6;?/;FY<!1;JS6*J<S@.K-DH<QN.LIUDI\'BP:NM
M>&`>3W[KW2`^7_?6Z?C;TDW9.QNOL!VCO;*]O?&KI;9^R=V=@9'JS:V2W3\E
M_DGU+\;]OU^Y=_X?KWM?+;;P&V\MVO#DZR6EVYEJB2GHWBC@+R*R^Z]TP;![
M7^4F`_OIN[YA=4_$/X\]*;(V!N/>F<[0V#\T>Q.V?X!_=K[/)Y.LWIC^T/A=
M\8=I[0V!BMIPY/(Y'/S;BF_A_P!E&KT;0S2U-+[KW0^[![7ZM[5_OI_HO[*V
M!V1_HWW_`+CZH[$_N#O';N\/[A=I;/\`L_[W=:[T_N]D<C_=;?\`M;^(T_\`
M$<-7>#(T/GC\T*:UO[KW2!Z[^5WQ;[?V+/VAU-\E.@>T.LZ;?^WNJ*GL3KON
M/KO>VQ:?M+=V8VCM[:?6L^[MM;CR>`BW_N?/[_P-#CL,U0,C6UF;H(887DK*
M=9/=>Z]N'Y7?%O:.'Z[W#NSY*=`[8P';^P-W=K]39S</<?7>%P_:'5NP-BP=
MH;\[*Z[R>2W'346]M@;)ZSJ8]Q9?,XUZG'8W!2+7U$T=*PE/NO=+[<?:_5NS
M_P"_W][NRM@;6_T5;`H^U^T/[Q[QV[A/]&_5N1_OI_#^RM_?Q/(TO]S]@5W^
MC?<7AS.1^WQTO\`R.F8_8U/B]U[H`NX/D'VE0]I5/0/QAZFV!W-W7M?8&T.X
M.SZ/N#N3<7Q\ZMZ[ZM[$W%V!LOK2IJ=_;8Z1^0>[-T;_`.S-V=6;F3#X?%;5
MJL=2X[:N5J,WE<--+MVCW%[KW2__`-F5ZMV[T7_LPO=N6_V5K8&+_P`CW]/\
MH:[;O3/^BW<4.\/]'=9MS?&X=QY[^X'_`!_]L7C,UB<SE=K;I\])7;>RN7Q6
M0QU?5^Z]T_YGY!]";=Z^VGVUN#N_J'!=5;\P%3NS8W9F9[*V9C.OMY[6H^M-
MR]T5>Y=I[SK<U!MS<6`I>G=F9C=DE91U,U.FVL3691G%#2SSI[KW3_MSM?JW
M>']P?[H]E;`W3_I5V!6=K]7_`-W-X[=S?^DCJW'?W+_B'96P?X9D:K^^&P*'
M_21MWS9G'?<8Z+^/X[5,/OJ;R^Z]T@<9\KOBWFM]=7]7X;Y*=`Y;LSO#8&/[
M7Z6Z[QG<?7=?OKM_JW+8?.;AQ7975^T:7<<N?W_L#)X#;&2KJ?,XFGJ\=-1X
MZIF28QP2LGNO=/\`G/D'T)MG([XP^Y.[^H=OY;K+`;UW9V3B\YV5LS$Y'KW:
MW6VUNM]\]B[EWQ15^:IZG:>`V#LGN3:&8S597K3T^*Q>ZL/5U3Q09.BDG]U[
MI@@^1?5N\NH]H]V]+=K=`]H=9[VW_P!=[+VUV7!W?MVFZCW+_>[NK;W369H]
MH]G[3QN_\!N??\6?R=5B=NX"G`_O'O6*DV\]9C9*QZVD]U[I_P`-\@^A-Q=Q
M[L^.VW^[^H<[\@=AX"FW9OGHO#=E;,R?<>S-K5D&VJJDW+NSK&BS4^]MNX"J
MIMYX>2.LK*&&G>/+4;*Y%5`7]U[KVVOD'T)O/L&IZEV?W?U#NOM6CP&[-V5?
M6>VNRMF9WL&EVML/LO,]+[YW+4[,Q>:JMQP8#9G<6W<AM/+5C4PI\=N6@J,7
M4/'70R0+[KW0`_(SY&=][#[[Z-^.WQVZ-ZA[>WMV]U#\B>Z<IE.Z?D3O/X^;
M6VIM;X^;S^,VQJV@H*W8WQF^3&6W/G]SY;Y,4,D44E#C*>EI\9.S3R/)'&/=
M>Z7_`%3\G=K;LZ^[@W-VPF`Z-W3\8,_FME?*S$;EWGCJSK[IO=.V.M-G=RYG
M.4W;^2H=J[<W-U#E.G>PL%O+$[DJ:?#5$>VLS3C/8S;^<ILO@L5[KW2_ZW^0
M?0G<F.V5F.H>[^H>U,3V3@-\;LZZRG6_96S-\8[?VUNLMTX38W9.Y=E5NV,U
ME*;=6`Z]WMN;&X?.5E"T]/B<ID*:DJGBGGBC?W7NF#'?(OJVN_OCN[_2MT"_
M2FUN@>M?D7_I0QW=^W<C]KU;OW_2OD_]*V\<?_#:7:>S^@:[:?6_\1VUO?\`
MO%78[<GV^=7PT,.#^YR'NO=>_P!FN^+?^@O_`&:'_9E.@?\`9:/^\B/],?7?
M^@O_`(_#_1Y_S-O^\?\`<#_C_P#_`'!_\7#_`(O'^1?\"?V_?NO=/^Y?D'T)
MLSIRF^1.\.[^H=J?'ZLP&T]V4G>FY>RMF8+IRJVMOR?#4NQMRTW9V4S5+LF?
M`;SJ=Q8^/$UBUQI\C)7TZT[R&:,-[KW2_P!I[LVMOS:VVM\[&W+@-Y[)WG@,
M-NS9^\-IYG';BVMNO:VXL=39C;^Y=M;@P]368G.X#.XFLAJJ.LI9I:>JIY4D
MC=D96/NO=`"WR=VMB_DGVUT%O!,!LG$]9=0_$#L:D[(W+O/'8G';JW3\PN[?
MDKT3L;K*FQ.4H<?34.?DWMT'CZ+$E<C55&X<INJGQ]/2Q3PQ_>^Z]TO]M?(/
MH3>?3E3\B=G]W]0[K^/U'@-V;LJ^]-M=E;,SO3E+M;8<^9I=\[EJ>SL7FJK9
M,&`V94[=R$>6K&KA3XZ2@J%J'C,,@7W7NG_J_M?JWO#8N#[0Z6[*V!V_UGN?
M^)_W:[$ZOWCMW?\`L7</\%S&0V]F?X'N[:>1RV`RW\)S^)JJ&I^WJ)/!64TL
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MJX4^.DH*A:AXS#(%]U[I_P"K^U^K>\-BX/M#I;LK8';_`%GN?^)_W:[$ZOWC
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M7[TQ_P`R?D7V)\4.TMA?[-?N+Y#8/;G4>XNK]@_$;Y4?8;_Z\_V7BO3<T=7E
MZ/['(UBTD23^"28^Z]T/U;\TNK<=\.>V_FK68#?\.P.BM@?(C>/:FP?X7MV3
MM+:VXOBA7=A[<[^ZH^SBW4^P,WO_`&%O_JK/[=^YQVX:S:V4R-!]QCLS68J>
MGR,WNO=(##_./^/]%]<[QQ'5_P!WW[VSW]W1\/NO^C_[Z^#9^?\`E)\>=X=]
M[([@QG^FJIVE#_"N@=H?[+#OG=G][ZW;5-N+(;%P?FHMJ5.ZJS'[/JO=>Z7_
M`$_\@^TJ[M*FZ!^3W4VP.F>Z]T;`W?W!UA1]/]R;B^0?5O8G5O7>XNO]E]EU
M--O[<_2/Q\W9M??_`%GNSM/;*9C#Y7:M+CJK';JQ51A,KF9HMQ4>W?=>Z3^^
M/DYW'D.R^R-D?&/X]8#O[$_'3/X/:_R3R.X^[8.E-TT.\\_U]LKN2CZD^.NV
M<UUMNS;G<G;U/T[O[!YF?^]FX>L=A+4;HP=`F[))_P"\QVM[KW0O[^^4_P`<
M^H.K=E]T]Y=S;`^._6?8/]W(-K[E^2N>I?CA]QF-U[=K-V83:.6PW>1V!G]L
M;_EP&,JZB?;N4I:/.T7V54E320R4U0D?NO=/^]?D'T)UMNG![&[%[OZAV#O;
M<V?ZWVGMO9^]>RMF;5W3N#=/<F1WQA^H=M8/;^=S5!ELMG^U,MUEN2EVW1P0
MR5&<J-O9..B2=Z"J6+W7NO8WY!]"9G:W;.^</W?U#E=D]!Y_?FT^]-X8WLK9
ME=M;I;=/5F.CS'9VVNV=P4N:EQ/7.?ZYQ,JU6>H\Q-1U&(IV$E6D2$-[]U[I
M_P!@]K]6]J_WT_T7]E;`[(_T;[_W'U1V)_<'>.W=X?W"[2V?]G_>[K7>G]WL
MCD?[K;_VM_$:?^(X:N\&1H?/'YH4UK?W7NF#I;Y!]"?)+:U?OGX[=W]0]^;)
MQ6?JMIY3>'2W96S.T]K8W=-#CL5F*W;5?N#8V:SN)H\_1XG.T-5+1R3+41T]
M9!(R!)8V;W7ND!C?EOT)V3T)VSW[\=N^_C%W7LGJS`;\J<IV!C?D/LQ.A-O[
MIV1LR/>E;ANV>\=C4W9N)ZKP&)Q-?0UN>R4F.R51@\-5C(-05">.*7W7ND!M
MC^8O\,MQ9'Y@4M;\A.H=E8GX,=O;9Z6^1.\-^=L=5;<V9LS=.[MK;%S&$K\E
MN";>\]-MW`56]MYU6Q5ES@Q%0^_=KY["QP//C79_=>Z-[M/=FUM^;6VUOG8V
MY<!O/9.\\!AMV;/WAM/,X[<6UMU[6W%CJ;,;?W+MK<&'J:S$YW`9W$UD-51U
ME+-+3U5/*DD;LC*Q]U[HH70WSTZ$[4Z$^*';G8O8_4/1.]OE9U#\5>QMM]-[
MU[EV9%NF@W3\O=F97<W4/66#?.OM'+;US^]<MM'<F*VV8,72U&YZC;.3^RI2
M]'50P>Z]TH/F?\R>K?AGTKV?V)NS<6P,AV9MCH'Y(=Y=3=#[A[,V[L#?7?\`
M_LLW4><[?WYM?KNDR466S^6_A.`Q,;Y>MQN(R_\``Z.I6KJ*=HP%?W7NA>[&
M^0?0G3VZ>LMC=N=W]0]6;V[KS[;3Z;V?V-V5LS9&Z>VMTID<!AWVUUEM_<V:
MQF6WYGURVZ\72FCQ4-74"HR5+'HUU$*O[KW3_6=K]6X[^\?\0[*V!0_W/W_L
MOJC=WWF\=NTO]UNTNR/[@_Z.^M=Q^?(I_!-_[]_TJ[7_`(+AJGQ9'*?WDQ7V
MT,O\0I/-[KW2_P#?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_]/?
MX]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=(#M?<.^MH]6]E;LZOZ[_P!+_9FV-@;QW#UW
MU-_>[#[`_P!*&^L+MW(Y+:/7?]_-PP5.`V3_`'VS]-3XW^+UT<E'C?N?N)E:
M.-@?=>ZIGK/Y87R/Z-Z<ZQWYUQ\Y?D[\E?D#\5>WM^_-O973>Y=F?!KK/ISY
M$?)WL6?N+<WR9V13/2?&W";VZ?P'R\IOD+V3M?$U&0WYE\?UE)OBGR<0KQ@:
M2%O=>Z4'PB^`^XNE?^&:_P"^'Q]V!M'_`&3'^6+W]UKV)]G1]6U?^A_YC=T?
M[()_>[([<_N]7UWW6_\`LC^Y_;'\:W9M[[N#(_>Y7[W(/_&U^_\`=>Z]T=T?
M\EOBUU;_`"E^P*SXW[_[FW9\6OY8N:^%O=O1O3^]_C[#VEM7M+L3;OP&S;Y^
MFR_<?=73_2FXM@;)R7Q'S^'S%5CMX561?(Y7%/CJ'(4$M?6X_P!U[I?_`!R^
M#6^NIM]?RAZ;LG9NP-]?[(1_+%[K^..Y>S<9)A\YA]D?(S,8?^7IUSALQU>V
M[*+";_@_OOL#J;L:CI\W28FCECP4E31UYI/XFE+4^Z]U4-\COC_VYT;_`"S_
M`)$=3;^Z"V!V]NQ?^$Y7PIZ4[IV+E^T^E:RE^(N^OA'UC\WM[97M7N3`U69W
M3NS(_P`1W9NFJ;IC*[$P.[Z//=C==5\-=D]J4%)%N6/W7NK]OYFG3FXN^?B/
MENN]N=)?[,C_`,9^^%>_MV=#Z^K?^,K]6]/?-3X^=O\`<>R_M.[=V;%ZFS'\
M8ZFV+FD_AV?R]#CLG_P$DD_>"M[KW1!-Y_%#8.\/BW\_.K_B]_)1_P!D9[K[
MH^`GRHZ<V/V)_<+^6+U?_I(W%V+UW5;>VSTE_>[XO?)WLC=E#_?#=E5CZZ^<
MI\?M:+^$>:MKX)HJ19?=>Z'[OKX-;ZW_`/\`#D_4W3NS=@=7]9_(C^4-T)\&
MOCC4^3#[4ZMVQOK:/_#E&VI-F_W3V3197/['V!UK@/D#LMM5)@31ICJSPXV.
MIDHZBGA]U[HL64^$?>_R`V%WEFNYNM/D[VEENZ>WOY2>P]X;,^?VZ?Y<&9W3
MNOX]?$#^8/!\ANYL;-U7\(-C8;XXIU#BNK^TMT5;-F]T[AW9O*H_B.*;`X^"
M@Q#[C]U[I/\`\Y/:&XEV+_-FR&-Z?V!\A<!VY_*&Z]PFY<5E^P.K:&E^,W^R
MQ9C^8EW%AN\NY-D;LJ<GV9%_>>MW^U3TQ5[2VON;^+]C=?5]-E*W:%+1IN*+
MW7NC>_S#NC?[^_(SX5T]#NC^[&`^5._W^&W?FVJ3"?<X?N/JW8%5%_,6@V[V
M_10Y?&T7:>P*WK/X4]G]/)MG-0U..IL%\BMT5H9Z5LM@MR>Z]T/O9^`[<Z+^
M4F^_E3UWT9O_`.4F`[LZ!Z&^/NZ.LNG]R=*[0[2ZWS'QW[$^2_8VU-]TR_(7
MMKI;K/>VP-_47R9R^/S!3<V.SNV\C@<5]IC,]2YO(U6V/=>Z8.^]C_)W*X#X
M2]VYWK?`=O=J_&3Y.[K[Z[.Z3^.^<P&)R.9VMO\`^,7RX^.>%Z^Z;W/\A]Z]
M4;)WYG^JZGY(X&3+[@W-E]@4^Z<7M[+YFBQ.)KJO';2'NO=`#M3X9]EYG:W\
MOB+LKJ+`9>FZ]_FL_,GY_=G;*W96]?;FGZ6VMW_COYF_<W1<VY8&R^8VMF^W
MNG.U?DMU_CZQMI5FXJ?$;QI7R&'R-=C<>F:]^Z]T@.PO@Q\G<_\`%BEQ/6.4
MS_2/R4QOS<_F;R8?>^P]R8#%]@X?XQ?S&_E7\P-I2[\QO86W]_[8J:/`=0[)
M^0>Q?D@VTHLHF0W%N7I[`X8PXW<28_(X;W7NF#/?`KN;`_*[?>R]F8#O[!_$
MCL3Y>?![Y/;%V#T5N'X$]6_"'KS9_P`.NM_A+MS`[4[>H][=0[O^<>!W_MG<
M_P`+%FPVUNL,<=BYC$_W7Q4N:VZM=N7(X7W7NA^W3\.]Q5-5_-.W]/T3_'M\
M]_?+SXJ]V]1;CV)O+JW8O=6]MG_%+XY_!6LZMW9L7>FZL7NO9M3O_H+Y%=2;
MSS77VS>S8:/8N;W=1FCW`:#:^X<CE7]U[I/T70?RGWY\6,MB]Y]?9^3LC<W\
MQKX#=^4LO:\/Q4VK\I]U].=!_*OX.;P['[!^7>8^*T^%^*.Y^WMG;/Z-W-#M
M]]ESU$E5U5M[9^,G6?<\5=2'W7NO=4_'?Y"XGN/X^=8YWIO/X/9/QH_F-?/S
MYUY;Y$UF[NIJOISLWK[Y;0?S#YM@=:]8X3"]BY7Y`CM[;4GSKP,6>AW-L7;6
MVH)-K;A-%FJ]$PCYSW7NO=._#/LOKW(_%G,4O46`VOEL%_.8_F8?,SOG*8:M
MZ^H\CE.M.^MK?S3-C=)]N[LK<1EQ4[WS^Y=D]U]78>.!6K]P8S%S4=)64]+!
MB:F.A]U[H?OD[#W;L/YF_%SY$];?&#M[Y-;)V9\8OFGTMO;%]+;M^-FW=T[4
MW3W/VK\#]\[`KZ^B^2'?_P`?\3D\!D\3\?\`<<<LN,KJ^HI:B*!98%2=9![K
MW0`]N?$;Y"]G_&+Y8;JP]%G^L^[_`)-_-SXC_.O%]5[3SO4V6[9Z?P'Q5S_P
M1IJ+K7;6\]\Q;J^..Z/D[N#J_P"$ZY2CAS!J>L<9V%N%,!5YK+;:QTF[<E[K
MW0!9SX$?*?>71V^.R=B;G^3O5?RS[>^3N]<IE^R^Y>P/BI%\M<9TY\D?B!UO
M_+K[!W3N;/?"G'=)_'[K;`?'B/:.T^]\=L3:6X=V2;VK>C=KR397';MRE/'M
M'W7NA]^0OPS[+G[/[IS'1W46`QW56T>H?Y)$W3.P]FUO7VRL=N*#^6S_`#$?
MD5\J^S^@^K=KSY?;NW-F9^#IVJV_A]HQYIMM[.ERF;H:27+4%#39*KQWNO=>
M^374GR/[VV1TSWSUG\>NWOBGV1UI\W)_D9NK9'2VZ/@UF/G#V'M:7X4=O_#4
M;NKY.W#V-\$Y>WI:_L;%T,M)GM[;FIUZ>V[!44N8I=SBAVMC/=>Z]_LJ_:NQ
MOA1T=1838/R=S_>G6WR=[Q^5%#F-G=S_``RK/FOUQO/Y-;W^4&X-Z;^PL78'
M4>R?Y<W8';V<P/R@R^#WALS(TM+L+:^#W'G9-JY_<&8V[MG(9SW7NC.]![^W
M%\>>K?B;U?\`(#9?\`[9^3W?W=>P<'1[/VYU;BJZDW%G]N_*?YA8S>GR/I^K
MZS"=30=_;WZFZFK:[M;([!I\AM;)]QY?)38.-L#515L/NO=%B^:OPS[+^0O<
M_P`A99>HL!V;T[VY@/Y&NT\GA-V5O7V1VMOK:WQ3_FE]]=^_+7;6Y=H;MRZQ
MY/`;4^/V_*/(5E'D*,T^XJ>N?'X],A6+-2+[KW2@[0^+W>F:P_S_`,GA=C_Q
M2MWM_,Z^!7S2ZFV]!N;9]-F.W^K?B)L7^5?N[?F`VC/DMP4.`V[O_>&?^(^\
M-K[=I=UUVV\=-G8J27(5V-PU2,NGNO=';Z&W/O/.Y'<6X-S_``_S_P`:ZGMK
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MV].UZ;OZ#?\`\AN_G[@S\ORAW?\`%O<O>E;_``3HOHSH'%U.^,-\+>O]F?&C
MK[1A>CJ:'&8?;61W;YL/#297(96'*Y*NP>&]U[JN7Y'_`,O7Y.[W^`WR`Q74
MNUL!2?*ZJS_\\G8^V>O=R[PP&.QW=?QB_F1?(GY1;RQW6]-O=*O<VR>O<_NJ
MIRG4W9^)KJVF@R'\4V33[3R62VQC\]N&OH_=>Z.WV!\3._OD#\QMW_(/(?)+
MO[XC8#HS8%3\;/C30=&X_P"(>\?])6Q>UJ'I_NGY%=V;HJN]/CWW]6X?^_79
MFT]K[(HMMU-%05F#_P!$E1F::JFI=W/!![KW1!.N_AYNSHC#S_'ONS^7AW]\
MW/\`96_[O=&?!3^8=\<<]\(?C+\KL5\(=O[%VCF.L.I<Q\@Z/YS?%/Y+[&W_
M`-19K=6[.O\`-Y#:M-M#$[WVW1FKJZ.7^/YF.J]U[HSO74/SA^-O?:=D]N?&
M#M[YI;V["_ER_P`O+I;MSM[XQ;M^'FV=K9+Y._'C>?S5SWR#KWVW\A.__B7E
MJ'`;FRW?>+R>%EQ6W(L?)3U4L7@H7@-*ONO=>SWP4^0N]>JOC_\`%K*=E9_I
MO9.6^3OR'_F&_(_NOH.LZFW7D=H]QU'S-J_FQT+\4NOH._NL-SR;DP&%^0/<
ML&X$[$FV=3QY?%]*MC\GM_%IO44F-]U[I`9GX*?*?HCY3[3[NV'V5V]\V]DT
M_;U3\Z]_XON*L^*G6O8-7\A>N_BIN7^7MENM=A9CJWK#H+9];G^__BCWG09C
M;$.4Q.,VGA]R]!QXS,YK%)V'4[DV_P"Z]T/WQ[P_R_[=^9N`^1/R0Z2S_3&R
M>M>H?F#U/U!B\U@NCL'NE-K=Z]J_##?.(V[VM1=3_-;Y:8FNS^V<3T(D>&W5
MA*Z*GWG42[@7*[;V$F#V[)OWW7NE_-B?D+\9>[?D_G>J_CGG_DYB?F3V]M+N
MK;&X]N=D]3=7;6Z-[!P/QLZ`^+M?M'Y%/V3N['[VH>H9*;H3"[F@W=UY@>R-
MRO3Y;.43[.CGP>(?=ONO=>[IVO\`(7KWOOXH?)ZDZDS_`,L,MU=\8ODM\=>V
M=I?',=3=6;IRG8/?N\_AEV%2]I[1V;\G/D+L;9.`ZAHJGXM9RFJ\;/V%FMRX
MRHSF'@@BS$`R62H?=>ZKD_X;*[TVG\6_E!U?)UCL#?\`W7_T#E?%_P#EE=.]
MB;<R^S_]_9WIL#KOYQ;>[GZQV#N[>[[3W9M/8&[-V;LZXKIJS-T^`P^6_P!Q
MTU0?-BIUH/=>Z%[Y^]!Y'JSH3^<MO#:W7V`V)\?JS^11L[H/J&DVG#M;!;6Q
M61^/VS/YH64W)U]MK8V!GIZG:>`V#LGN3:*T:#'TF+-/7I3T+2&DJHZ?W7NE
M!FOAWWIWKU;_`#'MHT?1.P/B'_I\_EB]9_RV>DNKZG>6S\OU;@=X=/[=^<^,
M3?'7^0Z<Q>7_`(7\0YO]FOP&.V?49';NUM]-CL#D&R.Q\#HH*:L]U[H7L;TQ
MV7\F=T_/GLSMSXKY_KO9/R;^$?3?PVQ7QM^1G;G7VT=T]CS]:9'YOY_?$V[N
MQ_B%O[Y.8GK'J'LK$_+;%X&DSN*RE?O''5&-S%5_`XDI\5+E/=>Z`',]!_,G
MN3X9?S1MG[MZ^[>SO8?R!^$>^N@^BJOY<0_`+;WS-W]V#6=5?(W%T_7VZ]\_
M!*?#?%Y/C%BLYVGAFZ]3-Y"'<N)W5G=\U&6:GQ-5AY']U[I@^0'Q>^7&:[P[
M][$ZZV/W]M&BV3_,ZZL^:77G8'Q_W-\*ZGMSM_JW<G\GW#?R_P#=N`Z"PGRG
MW!N?J'&;_P!@=O13ONJE[1Q&U\=-LJ6HJ]MUV2S(I*9/=>ZLZ^"G3^XNCOC3
MMC9>[Z;?])NS-[_[][@W1%VON_JW>_:3[B^0WR"[1[^S=3V5F>C>O^L^E*+?
M];DNS)9LSA]GXZIVMM[(R38K%97/4%'3YS(^Z]U3/M3^7%\A:7X9=][/S?0N
M`;Y`YW_A-7\1_P"7%UC5U.X.IJS=,'R%VIU5\VL7WIT+AM\KN>>FV[@*K>V\
M^NFR60?(4NT\U40T%0E;5#%O)2>Z]T/O\T7XR=V]GX[^8'A]B?$O/_+C$_.'
M^7+UC\6.N<7M7/?&RAQW3_??0NZ?FMOG9'8?;M%\ENX>FZ;'X"GWM\GMIYC:
MV7VDNZ\SC,IM3(U<U)CIZ7#R9+W7NO?S#_AM\C^Z>^^]:OKZ;Y.Y'IWYB?"/
MJWX;;SV_\:M\_!K8&UA/L_>?R^EW=-\LMX?+SJKM3M78'4.9VM\K*2#%YWI3
M![NWC14]-N.>HP=364VW*?(>Z]T/W:OQW[CW-_,1Z^^6N'Z;P&3Z\Z@S_P`?
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MLMP;FPN3RVP\^V6VIBZHUF*FI*@U&-I9->NGA9/=>Z?_`/11U;_I2_TY?Z-=
M@?Z:_P"X'^BC_3!_<[;O^E+_`$6_WB_O?_HU_P!('\._O9_<#^]G^Y3^#?=_
MP[^(_P"4^'S>OW[KW2_]^Z]T$/2W?G3GR*VM7[UZ2[!P'8VUL9GZK;5;F,!-
M.T$61BQV*W!BZE8JN"EJ9\!O/9.XL1NC;.6C1L7NO9V>Q&XL-45V#R^,R%7[
MKW0O>_=>Z"'`]Z]:;KZTWMVYM+*9_=NR>O<_WAM/<DFT]@]@[FW2VZ?CEV#O
MKJKM[;6VNO,%M:O[#WQG]O\`8?6V9Q5'1X3%Y&HSU12I_"4KDJ:5YO=>Z`'I
M;^83\</D#V77]1]9T'R=GWMA,_5;3W5'OCX)_.7J/:VQ-TTO7V*[5&VNR.P^
MW/CIL?KSK;/U_7FX,7E:&CSV4QU1D*?,8W[5)GR-"E1[KW1G>J.T-B]X=6]:
M]T]7YS^\_6?;^P-G=H==[E_AF8PO]X=B[_V[CMV;1SG\&W#C\3G\3_%L!EJ>
MH^VKJ6FK(/)HFBCD5D'NO=+_`-^Z]T$.Q>_.G.R^R^\.F]C=@X#<':OQMS^R
M=M=X[`IIIZ?=/7>1[)Z^P/:/7]3F<3704M3/@-Y[)W%#48W+4HJ,765%-7T4
M=0U=C,C34ONO=,$'RAZ+J?CGM'Y8TV^/N.A]_P"P.N^RMA[N@VSO"7,;VV[V
M_2[>GZFQVT>NX]OMV9N3?_:%;N[$XS;NTZ/#S;IS>=RE)B:/'S9.IAI']U[I
M/]C?,;X]=:;6ZRWA5[PS_8V)[GP#;RZFI/CGU=VS\K=T]B=?18[`92J[2VCL
M;XQ[&[<WMF^H<=3;PP:U>[H,>VVJ.HW%AZ>>NCGR^-CJO=>Z0&9_F(?%C!=?
M;3[%K<_V]/3;S[>J>@\/UYAOBO\`*O<7R%H^XZ7K3<O=,O7V[/BWM_I7)_)3
M8>?;IC:E5O&-,YM/'1S;3EH\S&S8W(X^IJO=>Z'[I;O7K3Y`[6K]V]9Y3/ST
MV$S]5M/=6V]\;![!ZC[+V)NFEQV*SHVUV1U#VYM;8_:O6V?K]K;@Q>;H://8
M;'5&0V_F,;EJ5)L;D:&JJ/=>Z8,)\I_CGN#_`$Y28_N;8$=%\:OXO/WGF<OG
MJ7;VW>N,/M[^]%-N3=V;W+GSC,!+L#;&?V!NC`Y3<5-4SX+&[IV;N;`U-7%F
M=M9Z@QWNO=)_I;Y?])=];IK]C;-;M[:N]J+`56[*39_?7QJ^2?Q:W3NC:V+R
M.*P^XMR]?;?^3/4O4>6[+P&S,MN+$TNX*S;T.3I]O5&=Q,>2>E?+8U:KW7NE
M!WE\FNH_CO\`W7INQ*O?^3S^]/XW/M?8?3_2O=7R+[2S.'VQ_"(]U[NINIOC
MUU]VAV8NP-HUNY,11YC<3XE,%B<CG,51U=7#597'0U/NO=/\W?G3B0=!UM)V
M#@,[B?E'GX-M?'[<.TYI]X[6[3R-9TYV#\@<?4[:W5M6#,[<?`97IWJS.9RC
MRT]5#BZRGHTC@J))ZJDBG]U[H7O?NO=>]^Z]U[W[KW10^X/G)T#T?VE4]+;N
MA[^W/V9C]@;0[0S&VNC?A]\O/DS_`'>V+O\`W%V!M/9.<W1F?CCT9VK@-K?W
MIS_56XJ>BILC54U9/_"*AUB,:AS[KW0^]7]E;=[?V+@^Q-IX[?\`B<!N'^)_
M88_M#JCM+H_?5/\`PG,9#!U7\<ZO[IV=L#LS;'EK<9(]-_$L12?>T;15=/Y:
M6>":3W7NO=4=H;%[PZMZU[IZOSG]Y^L^W]@;.[0Z[W+_``S,87^\.Q=_[=QV
M[-HYS^#;AQ^)S^)_BV`RU/4?;5U+35D'DT311R*R#W7NE_[]U[I`=E=H;%Z@
MV[CMV=B9S^[V`RV_^J.K\?7_`,,S&6^XWUWAVEL[I;J_!_:X/'Y.MB_O/V9O
M_$8W[EXUHZ+[O[BKE@I8IIX_=>Z]D>T-BXGM+9W2V0SGV_9F_P#8'97:&T=M
M?PS,2_Q;8O4&XNJ-I]B9S^,P8^3`4']WL_WAM>G^VJ:J&LJ_XIKIHIHZ:K>#
MW7N@A[I^7_270NZ:#8V\F[>W5O:MP%+NRKV?T+\:ODG\I=T[7VME,CE</MW<
MO8.W_C-U+VYENM,!O/+;=RU+M^LW##C*?<-1@LM'C7JGQ.26E]U[H7NK^T-B
M]S;%P?9'6^<_C^T\_P#Q."FJ9\9F,!F,7F,!F,AMK=FT=W;3W+C\/NS8N_\`
M8N[,/787<6W<U0X_.[=SN/J\9DZ2EKZ6HIXO=>Z]CNT-BY;M+>/2V/SGW'9F
MP-@=:]H;NVU_#,Q%_"=B]O[B[7VGUWG/XS/CX\!7_P!X<_T?NBG^VIJJ:LI/
MX7KJ8H8ZFD>?W7NE_P"_=>Z0&SNT-B[_`-Q=K[3VCG/XMG^C]_X[J_M"@_AF
M8H/[L;ZRW5O6O=./P?W63Q]%19K[CK/M_;N2^YQTE71I_$?MVE%5!4P0^Z]T
MO_?NO=>]^Z]U[W[KW3!NS:>UM^;6W+L;?.VL!O/9.\\!F=I[PV?NS#8[<6UM
MU[6W%CJG#[@VUN7;^8IJS$YW`9W$UDU+64=5#+3U5/*\<B,C,I]U[I_]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=?_]7?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=$C^?W;/<?7?0DVQ?B_)@%^8'R6S\GQU^)4N[,E!A-K8#N/=>S-Y;PR?
M:>Y<QD]A]D;<3`?';IW8.Z^RZS&Y'$U4>YJ?9SX&DBJ,IE*"DJ/=>ZI(?XW_
M`#-Z+^6/P@^-D/7N`^&7P8^3?;VR]C[J@^$GSU[5[0W3CMT_%'^61\KNL!UO
MO?>O;GQMZ*[G.`^3/QKZDZWP=/78"JGJ-DU'1YW%C<EA=\9JAW$GNO=&=R?;
MV83XH_&VC[S[WW_U]\:,7_,Z^>7QE^3/>>3[UWUTSF-F?%'XV=D?S).K?C'2
M=H?,3";SV9VSU]H[9Z.Z=VQ4;UK-XT&Y-\YV>FQ>;RV7J=S9&GRWNO=&\_E`
MY/#YKX2Q9G;W:'^G#`9;Y>?S*\G@^Z?XAL7+?Z7\/7_S)OEI58SM#^*]7X/;
M'6>3_O\`T4J9;[C;N-QV"F^[UT%-!2F*)/=>Z7_PZ_[*(_FN?^+]]=?_``K?
M^6Q[]U[JDCXU9/Y&?''X$_$E?C1VAW]V#V]W7_PG*^2/R.VQM;-Y"J[FU?(S
MXX=,_P`O_%_#W#]&]%5F#RO6>Q_]&M%\@<MMRDPFT]LT4O86NBJMY#=6?A3*
MO[KW5C7\J'?6?WONGY(2;=[BZA[0^/V.P'12;'QO2W\P?Y._S4=K;9[CJ<CW
M>W<U=7_,WY)]1[,J:7/[BV3!L".7K#$;BS<>SZ?'09RIQV(.[X*G->Z]T@*+
M:>Z=J_+'YS_+WK7;6?W=O;XW_P`QK:VT^Q]G[3PV1W+NGL#X@=\_RR/Y46'^
M26VMM;?Q]-N#+5^?ZVRVQ]G=O4='MS`YC?.[*CJI-F8)$?==4LONO=`%T/FN
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MNT,`O]T<_N2EZ/J:NH[#W?\`<;DZVEHDK:.1$V]B/=>Z,[)\G=K8GMGYN?/W
MHQ,!\C>G=Q?&+X#?%OXX;DV/O/'0=:?)OY?X;Y"_-#!;9Z+ZW[>HJ'<>UJG`
M;C[5^7?7.SJ[?]-'D-C;>W!FLE1U^12LVQN>EQ/NO=53=]=&_/;X:[)^+W:'
M<'0_0.2V!D^_OY?NR?Y@'9_QJ^0O<W?O:7;?:5)_-JZ7^9^%^5>)^-^;^&?6
M>:HOO?DOV9V[0P=;]75&3R-9D>^*6&FQ]5BMI8JFHO=>ZLZW%\W_`(^_,OYM
M?"+K7XZ;]V!VGC?CY\O,SV5F>U^O^]/C3V9U;O7;NZ/Y;/STV=+CMH9'JONS
M?6[,/O\`P^[-]4U-%M/=>&VSNG<F.Q>X,[MK'YS;>T]U9G"^Z]T/N_NU^K?B
M;\]N[.\OD]V5L#X_=*=X_$/X>=4=8=P=P;QV[U]U;N'M+H/N;YW;O[+ZUJ>P
M-SY'&[3VUO\`I-I_(;;.4P^&RM70Y'=...5J<)#D8=N[B?%>Z]TP=H9+:V=W
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MH\+WIN).R>B>E<O+A]J9'=%+29;%46*Q^R)JGW7NE_\`RO,SVE@?^&MI]U]_
M=_=T9+YD_P`H;=_R5[^R?>7:FXNR_P"\?:75_P#PV[C^J\MM?!YF4;3ZQ_N7
MM/Y+[IQ%;/MG'8C([Z\]/E]ZU6YMR0+FS[KW7OD]V7T_UW_-([U_TK_S0O\`
MAMS^,?`3X&_P#_C('P7V+_IF_A_R(_F7_P`4_P"RTNCNYOXI_H[^^IO^/:_A
MO@_CO^Y#[CR4/@]U[I_[=[KZF$_PMJ]]?S1,_4?#+<?4/S*W71_S":;Y&_'K
MIC:V[_E_L'N/XWX?XV8S,]U]';4ZC^*/9>?V9L_<7;,&-ZMS.#RVQMZ4^T:^
M?<VU]QS;>J9Z?W7NJIM[=U9CK?\`E;]>/N#Y-=_?'#/[!_X3E?#+L3X!P])=
M@[ZV-N+LCY&9'X[_`"2@^5$&T^OMF4F2HOD7_<;K/9?5\^\LCD\+N"7H;:V3
M&],97[&JJE]TI[KW1^_YJO;_`,@MK?*3=&R]G]L[`Z>\/Q#ZOW%\)\]V?\V_
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MQV\^^-U=.;!H\AWC)5Y;M_`=$9;=^7S>\:7J7='7&X)=J]N85IMSZ\AM^KPO
MNO=&\^#O=.UNQ.DNOWJZ#J'8F]NQ,_\`*+>FW\%UC2X[9NUOD+M;87R3W-M?
M>'S4Z=V'+E<OEJOJ'Y1Y;>.#[1AR4&2W13QT_9^+>?<6=?(4^9R?NO=5R_.G
M)[ZQWRH^5U-UOVAO_I?=FZ=@?\)P.NZ;LWJ_(8?';ZVMA^T/YRWRXZYW9/@V
MW+@]T[3R/\1VGNFNHZG'9K$Y?!92CJ9:/)T%=03U%+-[KW3_`+KWEV#U7T)_
M,'ZLV[VEV]3=5?''^8U\-ND/[\;L[=[+WKV7U1\*.VMF?RR.V?FCFMR_)S?N
MZMP]Z83`;2ZW^1O:NX:SL'*;J&<ZVV_*]9B\SA*';^+?%^Z]T02;MW';:ZZ^
M3^;^.'R?P'=_Q1W1_.8VEL[MOY);X^?>Z>A>M#\>L3_)BZ`K]FX7LC^9W\>=
MK[[[0ZPP&POD=L[86R:'>`JZO=F]=P4&-VONK.Y;(;ES=5DO=>ZL;VSV/W50
M?R]?B]O*#MW^^7R*ROR\V_B/C(O6O9W;G96S^\-BYKY9;XP&P.F\CV;VGL#K
M3L3Y3]`I\"9\C'NSN?+['WM6+L7!Y#O'$4&Z\C@\3EZOW7NC]_`?<?\`>_X<
M_'W=%9O[?_9F[,_L"CRW:F[NUZ/^`=I3=Z5M=7S]_8'LKKN+>G8.-Z.W_LSN
MM\_ALSUKCLK-A^L,CCYMIXZ*EH,-3TD'NO=&\]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7__6W^/?NO=>]^Z]U[W[KW19/FOW1NGXW_#7Y;?(
MC8V.P68WMT+\9.^NZ-GXC=-+D:[;.4W3U;U7NO?&W\=N.BP^3PF6K,%79;!0
MQ5D5+6TE1)3LZQS1.5=?=>ZT]OC5_P`*-OGENKX`R_(/>&_?Y96[^W.W_G]T
M=\0>MTW;7]R=48?X??Z?-U?(GL'.[X^;^V6FQE)+T+M?K'8&)QNP\[M?-.QP
M5/7UN?R^7S^!S-%5>Z]T9KJ'^>__`#&OD\GQH^,?QXZW_EUY;YF=Q?-W^8/\
M5LKWUD]Z]Z[L^"F\=K_`OIWKGNZN[$ZHQ6QZF?M0X'MO:_<%##@LK)G,O3RC
M`M5M2K#GHX\![KW10>K?^%2'\QCO7X\]Z_,[KWXM_"C`?'_X!8#X=4_S,V#O
M/=_>E9W%W/NGY$]LYCK/)YCXQY_")'LKJS`96IQ3>#&[JI=SU&UTM4O7;D+&
MC3W7NM\CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=%
M#^2OQ`P_R=_BV&W-W?W]L?K/?^P*[J+OOI;8.Y-BR]6_(7J/*_QZES&P-Z8K
ML;KGL//]8_Q[`;QSF)R.Y.K\EU_O7)8[*1I5YJ:3#;<EPWNO=&\]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=?_]??X]^Z]U[W[KW7O?NO=('M;;V^
M=W=7=D[4ZP[#/4796Y]@[QV]UYVP-IX;?QZPWSFMO9'&[2[#&Q=Q2P;?WH=E
M9^II\E_":YTH\C]M]O,PCD8^_=>ZUD.IO^$_WS,VSU'\Q-O;U_F,=`5W;7S0
M[_VIV+W%O#)?RQ/C1W-L'L78G6_=OS"[BH:?M+J?M"JIMB;^W]VOOSY&X3>-
M1D:W'25O7U7MFDVOA\AD\%CL94P^Z]TH.O?^$WV[^B-@?';<7QL_F'YSI/YF
M=!_)SY:_)>G^1&%^('1-?TU5Y/YF=:;+Z?[6V?LCX>Q9+$=?]9;>H.O>K-N4
M>#IJ;,UV+P[G+FEH(XJS%08'W7N@!V=_PDOI.KNL]X?'7JK^91VYM3XO_)?`
M?&BF^>/5F3^.O4&Z=U?(+=/QX[!R/8<&9ZF[3K\K393XW8&HRV2DDP>-6@W;
M48JH);*UVXJ;32)[KW6V9VAU1U;WAL7.=7]T]:[`[?ZSW/\`PS^\O7?:&SMN
M[_V+N'^"YC'[APW\<VCNS'9;`9;^$Y_$TM=3?<4\G@K*:*9-,D:,/=>Z()_+
MIZHZMZ/[._F@=7]+=:[`Z@ZSVQ\^]F_W:Z[ZOV=MW8&Q=O?QK^6?_+HW#F?X
M'M':>.Q.`Q/\6S^6JJZI^WIX_/65,LSZI)'8^Z]U9U[]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO
M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[K__0W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T0
M3X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M_]'?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1!/AU_V41_-
M<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_TM_CW[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$$^'7_91'\US_P`7[ZZ_
M^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=?_3W^/?NO=>]^Z]U[W[
MKW01?('NC:OQNZ%[N^1&^J'/9/9/0G479/=&\<;M6EQ]?NC(;5ZMV;FM\;AH
M=MT.6RF$Q=9GJO$X*:.CBJ:VCIY*AD62>)"9%]U[J@[KC_A2_P!#;S^,F)^4
M>:^!_P#,6Q&S=^?)_:?Q?Z+QVVNE=E[QJ/D;NOM#<?R+H.LFZ(RU3V9M7"=F
MY^GQ7Q\DH]Y8;$S5=1M?>&;I,'2RYJ.V3D]U[I?8K_A1_P#$O/;`VMGMO?%3
M^8KN3N3>?R=[V^*.W?A[MOXTX'<'RSJ^P_C'UML/L_OW*5/6>'[4K<+BL!U7
MB.R\/2Y6EJ\U!N2*MFJ"N*:DH*^JI?=>Z0&/_P"%47\M?<.-Q>\=D[!^:_8'
M3F%P'2N9^1/?NS/C/DLIT[\-,AW?NFJVA@=J?)S<,^Z*+,8//X3+T;I/)M?'
M;KQ>8=3!M^LS56KTZ^Z]ULG^_=>Z()\.O^RB/YKG_B_?77_PK?\`EL>_=>Z/
MW[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NB
M1]L?,S-[#[[W%\=NMOB%\G?DUO;9G4/5?=.]LITMF/B5MW:VU-K=S[S[LV-L
M"@KZWY(?*CX_Y;)Y_)Y;X_[CDEBQE#7T]+3Q0-+.KSK&/=>Z]U/\S,WOSOO;
MOQV[)^(7R=^,N]MY]0]J=T[)RG=.8^)6XMK;KVMTQO/I/8V_Z"@K?C?\J/D!
MEL9G\9EOD!MR2*+)T-!3U5/+.T4[/`T9]U[H[GOW7NO>_=>Z][]U[K__U-_C
MW[KW7O?NO=>]^Z]T`GRKVA_I!^+WR1V%_H@7Y"?WWZ#[AVA_H"??_P#HH3O#
M^\O7FXL-_H@;M+STO^C5>R_O?X*<_P"6/^#"M^[U+X;CW7NM!C8/\E_^9!O_
M`.#/S.Z>V=\!^P>CNGMX?/\`Z#[MVU\)NS?ECT1NG<V8V'UEW)\U=@=YX+X:
M]K=K[(W51_'C?N%ZRS/4^"C[(W`C5G8VV-J5N:HLQG\!FZ3:T_NO=&[^(_\`
M*M_FL?!+:G\N3Y(=??"/8G;6ZOB!\O\`^9AO;'?"5OD_\<-B][8+HGYF=&]=
M=0=75G<?R@PW76T^E.X^P-F93KK+5N7SRRY3,5.'R6W,=24M%0T\V,VM[KW1
M(NB_Y"?\Y?X\?#_Y<_`VF^*O4?8>*_F>X#X&YC=_R"QGRNZZV_M7X79'HCO'
M/=E;BVIVSL3,89M[]I9[#TN5$><EV+'G,72TZB7#5FX9R:-/=>Z^C+NS#9'<
M6UMR[?P^[,_L/+9W`9G#8O?.TZ;:U9NG9F1R>.J:*BW9MJDWSMK>>R:K/[=J
M9UK*./,8?+8MZB%%JZ.J@,D#^Z]U7)_+IV=N+8'9W\T#:.[.U]_]X9_$_/O9
MOW_:':&.ZMQ.^MS_`'_\L_\`ET9.E_CF/Z6ZUZ@ZSI_X+15L>.IOX;MW':Z.
MDB:H\]49ZF;W7NK.O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]UK5_S/?YIW3G\J?Y)_/3M[>&X\!/WIO/\`ER_`?;7Q3ZCK
MZ"?<61[2[CI>[?YKAPU3E=K8W<6U,LW4.P\MD\?7;URRY+'1T&+E2EIZALQD
M<10UWNO=#[\4/DKU]WY\S?Y>>WZ3Y?\`QB^87R!ZK_E3?,+#?*G?/QB[:ZT[
M-VM)W'DNU?Y4%%NO=CTG7"XNFVK@.PM[;9SE9A8Y\/A(YZ>"58*.`0/!%[KW
M5Z_OW7NO>_=>Z][]U[K_U=_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]UKE?!'.9C^;G_,`K_P";
M#4Y#7\#_`(;?Z9?C?_*VVUG.K]]=:;Z[$WUOW;.PMJ?*;YGY#,Y/)X[^].P-
MT_P[+;&VO0UB5U&]'!-]YA=L[FP=<^3]U[K8U]^Z]U[W[KW7O?NO=>]^Z]U_
M_];?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1!/AU_V41_-
M<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW5%'\Y'LCN/OG(],_R>OB5O7`;,[T_F"X#LQ?D;V9E-CP
M=J8[XU_R^-N[6RN"[S[&W3M?&YL9;:&?[IRV9IMB[$R&7QL6!SV4FRN,AS6"
MS"T&4I/=>ZN8ZHZOV+T?U;UKTMU?@_[L=9]0;`V=U?UWMK^)YC-?W>V+L#;N
M.VGM'!_QG<.0RV?RW\)P&)IZ?[FNJJFLG\>N:621F<^Z]TO_`'[KW7O?NO=>
M]^Z]U[W[KW7_U]_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW2`[7[0V+T?U;V5W3VAG/[L=9]0;`WCVAV)N7^&9
MC-?W>V+L#;N1W9N[.?P;;V/RV?RW\)P&)J*C[:AI:FLG\>B&*21E0^Z]U3/_
M`"8NENR^UL=V'_-]^5-?G\G\E/YB^`P^X^INOMU577V[<=\/?@@NZ=T;R^-7
MQUZBWOM3%4M3/@-Y[)W%BMV[IGBCP(S^4?'3YC!T^XJ')U^0]U[J]?W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=?_0W^/?NO=>]^Z]U[W[KW3#NK=6U]B[7W)O?>^Y
M,#LW9>S<#F-U;OW?NK,8_;VU]J[7V]CZC+Y_<FY,_EZBCQ6#P.#Q5'+55E95
M2Q4]-3Q/)(ZHK,/=>Z)'M+^:I_+0WOL3</9^`^?'Q$_T?[4[`J.K=R;MSOR`
MZRVEAL+OM<OV'A\1@J^JW9N3""`[V'5&XLAM>I(^SW9@L5-F,-+7XK16/[KW
M2^_X<$^!1ZM/>0^;OQ#_`-"@W]_HI/</^S*=,_Z+1VC_`'>&[O\`1L>P?[Z?
MW2&_O[IG^*?P?[O^(_P[_*?#X?7[]U[I0Y+YL?#3#;IZFV-F/EO\9,5O;OO`
M;%W7T7L[)=]=5T.Z>Z-K]H9!\1UGN3J;;]5NN++=C8#L3*Q-2X*LP\-93Y>H
M4QTKRN"OOW7NC-^_=>Z()\.O^RB/YKG_`(OWUU_\*W_EL>_=>Z/W[]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO
M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>ZH)_FO_P#.=GRD^(_\EO"?
MY7L#MG^'_./^8G_NC[;X+_'GL3%?W(ZO_P`K_NAFIO\`9GODOBL7@/XWL;=5
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M^KWZ[W13;;W!0;VZ_I\-MK;7\`BK:*GV4];4QSU^/R^5?W7NM<?XT[%Z\Z^^
M`GS^Z![_`.@MPT7SK^9>W_Y;NZ_Y6NW=Z?&3?^>[C[7VMFOD5N6;L#<GQBW:
M_6^4JL1@.S=EO3T<-9CLA0T^](T%!1/D)(S`ONO=?89W94[IH]K;EJ]C8;`;
MBWM2X#,U.S]O[LW+D=F;6SNZ8,=4R[?PVY=X8?:>_,MM3`9/++#!69*EP>:J
M*&G=YXZ"K=%IY/=>ZKD_ETY'M++=G?S0,AW3L[8&P.S*CY][-_O+M'J_LK<7
M;^Q<3XOY9_\`+H@PW\#[$W9U1T?G]P_?X".EJ:G[C:^+^TK)I:9/N8X4JY_=
M>ZLZ]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW2`[7[0V+T?U;V5W
M3VAG/[L=9]0;`WCVAV)N7^&9C-?W>V+L#;N1W9N[.?P;;V/RV?RW\)P&)J*C
M[:AI:FLG\>B&*21E0^Z]U4/_`"2>K]];NZM[N_F=]\8/^[_R*_FQ[_V]\DZ[
M;7\3P^5_T7_%';6W9-J?!KI/^,[-R%-L;>W]R>AZF++_`-Y$P&W-R9+^\WVN
MX*5LCCBX]U[J[?W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U__]+?X]^Z]U[W
M[KW7O?NO=>]^Z]TP;:VGM;9F.J</L_;6`VIB:S/[LW95XO;6&QV"QU5NG?FZ
M<SOG?.Y:FBQ=-2TT^?WGO;<60S&6K&4U&1RE?45=0\D\TDC>Z]T_^_=>Z][]
MU[KWOW7NB"?#K_LHC^:Y_P"+]]=?_"M_Y;'OW7NC]^_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z
M][]U[KWOW7NO>_=>Z][]U[J@G^:__P`YV?*3XC_R6\)_E>P.V?X?\X_YB?\`
MNC[;X+_'GL3%?W(ZO_RO^Z&:F_V9[Y+XK%X#^-[&W53;PV5_`_OJB@J<5637
M]U[J_;W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7__3W^/?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T03X=?]E$?S7/_`!?OKK_X5O\`
MRV/?NO='[]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T@.U^T-B]']6]E=T
M]H9S^['6?4&P-X]H=B;E_AF8S7]WMB[`V[D=V;NSG\&V]C\MG\M_"<!B:BH^
MVH:6IK)_'HABDD94/NO=5#_R2>K]];NZM[N_F=]\8/\`N_\`(K^;'O\`V]\D
MZ[;7\3P^5_T7_%';6W9-J?!KI/\`C.S<A3;&WM_<GH>IBR_]Y$P&W-R9+^\W
MVNX*5LCCBX]U[J[?W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_U-_C
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$$^'7_91'\US_P`7
M[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
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M>]^Z]U[W[KW7O?NO=>]^Z]T03X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=%B^9GRYZ<^!_QB[=^6O?M;GZ/JKIK`469
MW!%M/!3[DW3FLCG<_B-G[/VGMK#Q2TM-/G]Y[VW%CL11R5M30XNFJ*U)LA64
M5#'45</NO=$D_DU_&KM+JWXY[J^4/RGQ/VWSC_F&[_K?ES\H_P"(4.XH<QUW
M_?:E3_0E\8L9_I%P./[>VEL#XS=0MCL'0[+W%D,W_<S.SYNBH*R2B>+W[KW5
MO'OW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z__UM_CW[KW7O?N
MO=>]^Z]T63YK[:[CWG\-?EML_P".U5G:'Y`[K^,G?6VNBZW:VZH-B[FI.X\[
MU7NO%]8U6W-[U67P%-L[.T^]JJA>CRLE?11X^H"5#5$(C,B^Z]U\[WISO/Y]
M])_!G>/Q9QG8?\S3:OSA[%_F]_&;XR=Z;4S'R]V[A-N]GX;MCN3^8<=R4OP9
M^1.>VWN!/C]OWN/Y8]';HVWV;O:ER.ZL'E]T[8_B%1E*^DKL[@X/=>Z/O\>N
MR.\ODYV/_+N_EV?[./\`S<_C:O8WS\_FV]3_`#BDWC\\=I]Q?*':/>7P=^+O
M2^X]H]:]3_,K9/6FW)MP=`8`[A^YJ,.V%@Q55N',YAS%7BCPN87W7NJI?C5\
M_?YE'R$^`OS]^>6]OYDWS7Q?<?\`*SP'\M_;7QVVSLSM;&[;Z=WSC^T_D3N7
M8>>J?DYUG!M.?#_)'/IB,:CSY7=#5N4W`Y,6X*C,4@2F7W7NOJ0[LS.1V[M;
M<NX,/M//[\RV"P&9S.+V-M.IVM1[IWGD<9CJFMHMI[:J]\[EV9LFES^XJF!:
M.CDS&8Q.+2HF1JNLI8!).GNO=5R?RZ=X[BW_`-G?S0-W;LZHW_T?G\M\^]F_
M?]7]H9'JW+;ZVQ]A_+/_`)=&,I?XYD.ENRNW^LZC^-45%'D:;^&[BR.BCJXE
MJ/!5">FA]U[JSKW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U03WW_P!C%OYQG2_Q
M1IO\M^-'\H+_`$<_./Y-_P#*-_>CYT=F8/,?[(MU?^Y_<C?^$_T3;`GS'97\
M;V_D=S;/SWW7]WMP4$53'#[]U[J_;W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U__]??X]^Z]U[W[KW7O?NO=('M;K#8W=W5W9/2_:&"
M&Z.M.W=@[QZP[$VT<CE\.-Q;&W]M[([4W;@CE\!7XK/8H9;`9:HI_N:*JIJN
M#R:X98Y%5Q[KW51?6'_"=_\`E(]7]&=R?':F^,#;SZU[W[`VUV+O^'?W:/:V
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MU_\`"M_Y;'OW7NC]^_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K
MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KW
MOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[H@G\S7YI?[(9\.>SN\MO
M8#^_O=>1_A'5'Q:Z?H\7_>G<7=GRD[5KDVATCUKMSK^AW5L_=G9'W6[*Y,IF
ML-MVK;<3[6Q65J:"&::F"'W7NF#^5Q\)-T_!CXQ5>S>W-[X#M7Y0]Y=O=I_*
MGYB]O;3Q^1P6UNS_`).]Z9\9[?VX-M;;J6H\3@L!@L31XO;U'_"L3MO'Y*GP
MJ9+^#8RIKJFE3W7NK&O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7__0W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T0
M3X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW5!/
M_;RW^<9_ST7PI_DQ_P#D7Z[[H_FD=I8/_P`GSJ;L7_9%NIJC_LUNQ.L>TLS_
M`+MHZOGW7NK]O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=?__1W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T0
M3X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U6+_-S^86
M^OAU\.<UDNC*/^,_+?Y'[_V+\/?A-MK[C#X[^.?*[Y$5U5M/K2L_C.\-L;GZ
MSQG]P**+);M\>[5H=MY7^[_\+JJVF:NB?W[KW0O?R]?A)M;X`?&+:W06'WOG
M^X-[3Y_>'9W>GR!WQC\=2]E_(GOOL_/U>ZNSNXNR,A2M69;.Y_.Y:L6BH9LQ
MD<WF:3;^.QN/J\ID7HA5R^Z]T=SW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7_TM_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[
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M'-$Y5U]U[K2:VS_PIJ_F-;;_`)7VY_FQD-Q_RZ.X>R:KYN['Z(Q?5=#L?OBE
M[(Z>VSV=@OEYVMD\3W;L"AWUU]C8<##@^NMIT'5^>P66S<.3V_C\M39VLR.Y
MZ+)30>Z]U;CFOYQ?RH[@B_E_]0_RY^\?Y=/S+[B^?7;_`,P<'@._-[=(_*;X
MT]#=1;7^'73FT.PMX]4=D_'^?NSN+Y!87M_<DNYCE*+,5^5QE/\`P:7':-OS
M4>4I\XONO=5C=6_\*D/YC'>OQY[U^9W7OQ;^%&`^/_P"P'PZI_F9L'>>[^]*
MSN+N?=/R)[9S'6>3S'QCS^$2/975F`RM3BF\&-W52[GJ-KI:I>NW(6-&GNO=
M;U.[-V;6V'M;<N^=\[EP&S-D[,P&9W9O#>&[,SCMN[6VIM;;N.J<QN#<NY=P
M9BIH\3@L!@L31S559654T5/2T\3R2.J*S#W7NJY/Y=/:_5O>'9W\T#M#I;LK
M8';_`%GN?Y][-_NUV)U?O';N_P#8NX?X+_+/_ET;>S/\#W=M/(Y;`9;^$Y_$
MU5#4_;U$G@K*:6%],D;J/=>ZLZ]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=4S_SBN_.XZ':WQL_E^_$[
ML'/]6?,#^9?V]4=+[![5VG-!1;IZ#^/77&.H^P_F+\D=M5&:@Q6W,SG^K.G4
M^RH\/!N7:^[*BHW`E?MNM_BF,0#W7NK&_BQ\:NK?AU\<^F?B]TMB?X3UGT?L
M#`[!VUYZ';M!F,Y_":4?QG>F[O[IX';&`R>_]_Y^6JSFXLC3X^D_BN=R-76O
M&))W]^Z]T/OOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z_]3?X]^Z]U[W[KW7O?NO=('M;;V^=W=7=D[4ZP[#/4796Y]@
M[QV]UYVP-IX;?QZPWSFMO9'&[2[#&Q=Q2P;?WH=E9^II\E_":YTH\C]M]O,P
MCD8^_=>ZUS_BK_)5_F/?&K;ORGW?LO\`FP]?]7?*;Y4]_P"'[%W]WIL#^7KT
M5N:/<FQ-H]J_-+L"KI][;5W)F\!@]T;^[MSORCQ^X\ED9:;[W8PP<6T<5D,I
MMZBQ\\7NO==8?_A/3VQL3$]-]M]3?S-=^;'_`)@/6_R\^9WS#W1\N,C\6.FM
MX;#WMOOYW;%VIUMWM1XWXNY+-TFUMGK7;3ZXP*T#MG\G24-9-FIHJ-5KL7#@
M?=>Z+'L[_A)?2=7=9[P^.O57\RCMS:GQ?^2^`^-%-\\>K,G\=>H-T[J^06Z?
MCQV#D>PX,SU-VG7Y6FRGQNP-1ELE))@\:M!NVHQ502V5KMQ4VFD3W7NMPOW[
MKW1!/AU_V41_-<_\7[ZZ_P#A6_\`+8]^Z]T?OW[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=(#M?M#8O1_5O97=/
M:&<_NQUGU!L#>/:'8FY?X9F,U_=[8NP-NY'=F[LY_!MO8_+9_+?PG`8FHJ/M
MJ&EJ:R?QZ(8I)&5#[KW5)'\G[J_,?*/M+OO^=]W;@]_X'LSYI_QWJ_X<[$WI
MD]]8'_0C_+/V=N+`1],8.LZFW!D,Q@-I[_[^S^Q1V)GZG$Y?<6V,I_$Z/+[>
MEQ\>:RT-7[KW5^WOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[K__U=_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]UKU?S-<
MSD?YD/RUZD_DN=>[3S^YNB\-G^G/E+_->[5PU3M;*]?;(^/6U<WG>P^H?AUN
MRHQNY<'V'LGM[Y0=A]?X2OCFQ.5V]NS`[:%'F\=39S#SYH8_W7NMA7W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7_UM_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$$^'
M7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$C_F%?-O:WP`^,6Z>_<QLC/]P;VG
MS^S^L>B_C]L?(8ZE[+^1/??9^?I-J]8].];X^J6LRV=S^=RU8U;70X?'9O,T
MFW\=DLA28O(O1&DE]U[H`OY0?P1R/PN^,0W/W1AL!7_.SY8Y_*_)?Y\]JTVW
M]K8C=.^?D+VIG]Q=AYO9V9J-EY[<NR3@.E*G>]5MS&T^V9Z3:<]1!7YC'8^C
MES5:)/=>ZM9]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U_]??X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW6O5U3M/:W\T
MK^;WW!\E]];:P&^/BC_)VS^:^(_Q8Q>Y<-CLICL]_,1KZW9V^?EAWK3460IM
MI;VV]G_CE383:^S<30Y[%[EVO6Y2*GW9M?)4V0I&D3W7NMA7W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=?_T-_CW[KW7O?NO=>]^Z]T@>UNS]C=(]7=D]T=H9T;7ZTZBV#O'L_L
M3<IQV7S`V[L;8.WLCNO=N=.(P%!E<]E1B<!B:BH^VHJ6IJY_'HABDD94/NO=
M$'^$?\X#X"?S`]C=]]B_'ON=AM7XQ-D,AWGENT=J;FZBQ77NQUS79U)M?M#.
M;AW]C,)M6#8&]]J]393<M+4&O^\Q&#,?\>IL/7B>@@]U[I/[W_G=?RN.N/C'
MTA\P]Z_*_!8+X_\`R2S^]MM=';GFZX[HJMU=BY'K;/Y_:W8%1A>HJ#K>K[CB
MP.S-Q;<FH\GE:G`08NCJ*BA66H4Y+'?=>Z]T@LC_`,*#OY-&+W1U/M"I^?'4
M<V5[GP&P]R[0K<9BNQ<UM7#8[L?(R8K;M/VSOK#[)K]D=!YZBJHRV<Q6^LAM
MS*;8I[3YFGH(&$A]U[JY/W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?O
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=$$_X=<_E;_\`>R?X"?\`I8OQW_\`MB^_=>Z,[TM\@^A/DEM:OWS\
M=N[^H>_-DXK/U6T\IO#I;LK9G:>UL;NFAQV*S%;MJOW!L;-9W$T>?H\3G:&J
MEHY)EJ(Z>L@D9`DL;-[KW0O>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=
M>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[JD
MC^<I\Y<QU?L7:O\`+U^*6\M?\R_^81]ETO\`&_;6WH]]5N8Z7V+OW,/M/M'Y
M<]B9GJJM@W_TYL#IS8$&X<KB-UTD-=64F=PS9"GQN1QV#S[T'NO=6-?#/XC=
M.?`_XQ=1?$KH*BS]'U5TU@*W#;?EW9G9]R;IS61SN?R^\-X;LW+F)8J6FGS^
M\][;BR.7K(Z*FH<735%:\./HZ*ACIZ2'W7NC.^_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K_]'?
MX]^Z]U[W[KW7O?NO=%D^:^T]K;]^&ORVV-OG;/;F]=D[T^,G?6T]X;-^/^(Q
MVX.^-V[6W%U7NO#[@VSTG@<Q!4XG-]N9[$UDU+MNDJHY*>IS,M/'(K(S`^Z]
MUH]?RW/A7\W_`);?##Y0_!7IRA[YI_Y?^T?GWT;OJ@^/O\SW:&[?C##OGXZ]
M:_)OYDU?R+^)6R._NL.LNZ]V4._<INSI7J:MW_6;4QNVHME]AS;GHX*"!WJZ
MK<ONO=+?X9=6_-WX9_'3_A.S\G>VOY>_RYWKM+X,;_\`YM^TNT^HN@.I]W]C
M?*W"X;Y64NZ<?U%N+??QQW?M_JW=VP_XWNU\Z2Z39;!P[;Q^,R,V6BKL_185
M/=>ZJH^-7P"_F4?'OX"_/WX&[V_EL_-?*=Q_S3,!_+?W+\=MS;,ZIQNY.G=C
M8_JSY$[EWYGJ;Y.=F0;L@P_QNS[XC)(D^*W0M%E-ON#+N"GP](4J6]U[KZD.
M[,-D=Q;6W+M_#[LS^P\MG<!F<-B]\[3IMK5FZ=F9')XZIHJ+=FVJ3?.VMY[)
MJL_MVIG6LHX\QA\MBWJ(46KHZJ`R0/[KW5<G\NG9VXM@=G?S0-H[L[7W_P!X
M9_$_/O9OW_:':&.ZMQ.^MS_?_P`L_P#ET9.E_CF/Z6ZUZ@ZSI_X+15L>.IOX
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M-WK_`,*/_P"4YT]NG*=8;&[WS_RY[TCS^P=I[/Z.^&?7&[>_-T]M;I['R.UJ
M';^VNHNP,/0XSX_;\SZQ[KA>>CI=Y_<"HIZC&QI+F(UQS^Z]T03^7C_-'_F(
MY/X9?#KJ/X<?R.?D[WYLGHSX1_$;96ZNY/D)WGUA\%MK;\W30]54^V1G/C\G
M;FWMSXGO+J'-8G9T&5Q^Y,3E%J#3Y.'[W&4"2T,U=[KW2@^-?SI_G+87N;^8
M+DMH_P`B+^^V?W=\O-E[A[0VU_PY_P#%?;?^B#?5-\"?A%M/']=_QG)[1EHM
M_P#\3ZSVQMW=O\7QRQ4</]Z/X6RFJQM2[^Z]T9W<O\TS^<+U9CJ;?/<G_">7
MMZCZJQ&?VG3;_P`AT'\\.@/E'W'BMK9W=.&V]ELSU]\?NKMB/O;M//X:FRIJ
MDQM/-0TYCA:2MK\?0QU-=3^Z]TONEO\`A19_+6["[+K^B^]MS]O?R^?D#C<_
M58:MZ2_F%=497XV[IQ>.CZ^Q79>+W9NG=U77[FZ=Z]P&ZMN92V'CW)N?#Y3)
MU"1I!1N*[&/7>Z]U>O[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NBA_.7YR_'/\`EV_'/>7R=^3N
M\O[K;`VMX\9AL-C(Z7([Z[-WUD:6MJ=M=7]7[:J:W'?WIW_NG^'3M3T[3T]'
M1T=/4Y'(U-#BJ&OKZ7W7NB"?RA_B3\C,?_?K^97_`#!MW_WV^>WSAV!UW45F
MQ9=AU6S-N_"+XYTW\0WML'X>]5X'>F(B[,V!_#*W<\=;O_&5-3%%6[IH*<5T
M>2R^-K-RYWW7NKM_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_]+?X]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z
M]T?OW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1(_FW_,=^%'
M\N;:VR-X?,WOK`=+8GLG/Y#;6PZ2IV_O??&Z=UY'#8Y<IG:G#;&ZSVQO/>U5
M@-NTT],N2RPQXQ>-J,A04]3413Y"BCJ/=>ZIHQ'SM_G&?S7_`."?\-K?&_\`
MX;8^'>X_[KY?_9_/G;M3!Y[O3>VS\G_H-WG_`!OXW_%?5NG:>1_B.T]TY[^$
MY3+?WHV+O;#J?M=S;8R\.B/W7NA]Z!_X3\_'.F[2E^3O\QSM+?\`_-C^6];_
M`!F#_2%\KZ&EJ.B]DX?*[B[4RW]T>H_BE_%-R=9[1V`M%VA(T>W<Q/N;!83,
M429';=)M]F^W3W7NKF.EOCYT)\;=K5^QOCMTAU#T'LG*Y^JW9E-G]+=:[,ZL
MVMDMTUV.Q6'K=RU^W]C87!8FLS]9B<%0TLM9)"U1)3T<$;.4BC5?=>Z*'M/^
M59\3MA[6VUL;8VX/FYLS9.S,!AMI[/V?M/\`FA_S-]N[6VIM;;N.IL/M_;6V
MMOX?Y>T>)P6`P6)HX:6CHZ6&*GI:>)(XT5%51[KW1O.ENBNM/C]M:OVEUGB\
M_!39O/U6[-U;DWQO[L'MSLO?>Z:K'8K!#<O9';W;FZ=\=J]DY^@VMM_%X2AK
M,]F<C48_;^'QN)I7AQN.H:6G]U[H7O?NO=`%\E?BQ\<_F+U;ENEOE#TSL#O#
MK/+??3_W:W]@:7+?P/,5^W<]M/\`O=LO,VBS^P-_XS`;GR%/CMQ8.JQV=Q7W
M<CT57!(=?OW7NJ*,K_(W[[^#&Z:KM7^17\Q\_P#%.FKL_09_>'P-^3N;WGWC
M\$.SYY<CTMC]P,DV7_OGVKU'G]Q;6ZTK6S6YJ>/<V\<D*J+$XC+[7QH9D]U[
MKV*_GD=]_!C=-+U5_/4^'&?^*=-79^OP&S_GE\8L)O/O'X(=GSRY'NG(;?5X
M<1_?/M7J//[BVMUI1+A=LU$FYMXY(54N6R^(VOC0JI[KW5Z_QJ^4_P`<_F+U
M;B>Z?B]W-L#O#K/+?8P?WEV#GJ7+?P/,5^W<#NS^Z.],->+/[`W_`(S`;GQ]
M1D=NYREQV=Q7W<:5M)!(='OW7NA]]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]T$/?G?G3GQ<Z<[!^0/R![!P'5G3O5F`FW+OG?
M.Y9ITQV(QR3P45)34U)105F6SN?SN6K*?'XG$X^GJ\IF<I5T]#0T]165$$$G
MNO=4$_`'H/(_S8/D[#_.H^8_7W;V"ZJVAGX\?_*'^(G>L.UAM;J'IRCP&S:Q
M?FWE-HX">2FR';W?F]J&?-X`Y:GFDV_3T=#7T62W'0TNR<UB/=>ZV5/?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=?__3W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]T03X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW0!?)7Y3_'/X==6Y;NGY0]S;`Z/ZSQ/WT']Y=_
M9ZEQ/\<S%!MW/;L_NCLO#7ES^_\`?^3P&V,A48[;N#I<CG<K]I(E%23R#1[]
MU[J@G$?.W^<9_-?_`()_PVM\;_\`AMCX=[C_`+KY?_9_/G;M3!Y[O3>VS\G_
M`*#=Y_QOXW_%?5NG:>1_B.T]TY[^$Y3+?WHV+O;#J?M=S;8R\.B/W7NCM_`'
M^2-\8OA+V7#\IM\[S[>^:/SYRF`CQ6\/FM\I]\9_L+LN2>MZ^V;U]N"EZ\PV
M8RV3Q.P\`V)VI-1XBHJI,[O'%[?RM7@I-QUN+D:G/NO=7,>_=>Z][]U[KWOW
M7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NM>KY4_R`NG$W3N#Y4_RJM]9_
M^5_\[,1@`VS]Q?'O+S[$^,7:>1P>1ZSS>W^N?D#T%A\/F=DOU#E:GJRFBR&/
MV[BJ/%UF0R,V8S^%W7+"N/G]U[I/]/\`\]+,?&WM*F^(W\[SJ'_9&_D56[_W
M?M'KOY-;0VAOJH_ES_)?#TFXNOX-H[AZ?[?W#7[DS^T=.`[0H)MP/N!FP6UZ
M6B>JW%E]OY&J;;N.]U[K8U]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW00]^=^=.?%SISL'Y`_('L'`=6=.]68";<N^=\[EFG3'8C')/!14E-3
M4E%!69;.Y_.Y:LI\?B<3CZ>KRF9RE73T-#3U%94002>Z]UKE=!]!]Q_S\NX^
MOOGE\\NOL_U9_*TZLS\.^?Y>G\O3?,,"9'Y)Y%()X,#\R?F3@8)ZS$YW`9W$
MUCOM3:CO5XNMQ=6T435&VZC(Y'L7W7NMI/W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=?_4W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T0
M3X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U03\U?YZ6Q=B]I=B_![^7'U#O\`_F&_S(L'_&-H_P"BWJ?:&8S/1?0.^H=Q
M=>;-_O#\INW?O]M8#;^P-FY_L>.+.OA\A/1XG,8FIP>Y,OM*HD^^I_=>Z8/C
MU_)2W3W/W&/F;_.H[6P'SN^2BY_MNIV!\8*63([K_EK?&;:V_H-K[6Q.&Z6Z
M)[2VO!4[BS]+LG9E.*K)9NFBIZJKJHJFOH,IN+$TV[:KW7NMA7W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]T$/?
MG0?3GRCZ<[!^/WR!Z^P':?3O:>`FVUOG8VY89WQV7QSSP5M)4TU713T>6P6?
MP66HZ?(8G+8^HI,IALI24]=0U%/64\$\?NO=4$XK^41_,'_EV[II<I_):^<F
M`H_C]7Y^OGRG\O'^8Q4;][4^,6Q\=G<CW3N6MFZ4[.V-C\QW%UI@,!N/L3'3
M4VWL7!093<&0I'R>YMTYHQQX^7W7NO;#_P"%#&.^,V1QO3?\[OXJ=O?RS>](
M\!)/CNR:7:6Z>_/B5WKD=O[6ZFK]S3=+=B]-X_L;+2Y^7+=C35%5MZB&[,7M
M*BIXJ+*;IES$HHO?NO=;"O5_:_5O>&Q<'VATMV5L#M_K/<_\3_NUV)U?O';N
M_P#8NX?X+F,AM[,_P/=VT\CEL!EOX3G\354-3]O42>"LII87TR1NH]U[I?\`
MOW7NO>_=>Z][]U[KWOW7NM4WY1?(?^2'\8?D1_-3[0_F:==?$/MGNND^7G6E
M'UWUWO[H7J?Y#?*3=^SX/Y6_P?W#M';FR]H[AVUG]V8#8&?W9@,_0X[-9JHP
M>Q:7<53)#5Y6CFJ69O=>Z*'\/?Y7FXOE-\WOC7O[^81\5N@?B?\`'7NW8'R8
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MYGYN?$3_`$)G?O\`HJ'</^S)]-?Z+#VA_=\[L_T;CL'^^?\`=([]_NJ/XG_!
M_N_XC_#_`/*/#X?7[]U[I09+YL?#3#;IZFV-F/EO\9,5O;OO`;%W7T7L[)=]
M=5T.Z>Z-K]H9!\1UGN3J;;]5NN++=C8#L3*Q-2X*LP\-93Y>H4QTKRN"OOW7
MNC-^_=>Z()\.O^RB/YKG_B_?77_PK?\`EL>_=>Z/W[]U[KWOW7NO>_=>Z][]
MU[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO
M>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NB1
M_.[^8C\2OY</3F9[D^5/:^`V9308#<&9V-UM2Y3"57<?=61V[/@:"KVGTMUU
M6Y;&9;?F?7+;KQ5/521&+%X2/(Q5N8K,=C5GK8?=>ZI(W9M/^;'_`#SI]R[&
MWSMKM[^35_*TS6`S.T]X;/W9AMI9/YW_`#=VM6]QU.'W!MK<NW\Q38W=/P]P
M&4ZJV1-2UE'50U%.QS[QR)V#MO+,N+]U[J_;XC?#/XQ?`_IRBZ"^)746`Z:Z
MJH\_G=V2[?PU;G\[D<UNG<D\4N8W+NS>&\,ON+>V\\_/34M-11UF7R-;44V+
MH:/'PO'0T5)3P^Z]T9WW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]TP;LVGM;?FUMR[&WSM
MK`;SV3O/`9G:>\-G[LPV.W%M;=>UMQ8ZIP^X-M;EV_F*:LQ.=P&=Q-9-2UE'
M50RT]53RO'(C(S*?=>ZH)[(_X3S].;*[!WKWC_+)^5?R=_E4=Q;SS^Q]XYC;
MOQUW;/N+XE;NWGLWLO-[\BS7:?Q4W!D,9B=^8!<3NO*87&[/@W!B-A8BBEBB
MAP34;9"BR7NO=)_&=A_\*@OCIA^K\AV1\=_Y8O\`,-P&&_A^SNP=H_''MOLK
MX[_(S>GAV+G((>U\QV)WY1;`^.NV/+O+&4-3FZ;"[7G^YEKC38S#4-+(U7C/
M=>Z4%3_.$_F(]+;IPU)\Q_Y`OS<V9LG=>`W+4[5W!\).T.L/YC.Z3NG;N1VG
M$<-O?9_4>*V/B>ML!7XG<$\]/DLMG(JBMJ*0P45!6(M=48_W7NO5/\Z#YK]N
M;IPVS_AE_(5_F-;\RT&`W+N7?E7\VQLC^71M;"8[&9':>+P5-LC?/9B]E[)[
M$S^8J<_4M48DY#$Y2FIZ,5%-3U\`K9,?[KW2?H]O?\*:OEI_=RIW'V)\!/Y3
MG6><W_O3<-92[!VCD/F+\QNNMBXK^_V*V#UWO2@WI/N[XD=H?WDE;"UF1R^`
MRVV:P0>.LC6AD6LVY+[KW2@^,7_">_9'QM[+?Y+1?S!/FYV%\S=RX#9E-V-\
MJ>QL!\*.Z^R\ENG;/7U=UQDLSUENOY6?$3Y+=J].8#-[6S%9B3C<?NRJJ)-O
M_:XS(5^2AH:=U]U[JSGJ?X9YO8??>W?D3V3\O?D[\FM[;,ZA[4Z6V3B^Z</\
M2MN[6VIM;N?>?2>^=_U]!1?&_P"*_P`?\MD\_D\M\?\`;D<4N3KJ^GI:>*=8
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MGP;VC\6/B]!_+F[K^7^*';O\K3:7\SS^<[@5^2';_P`4>Q=P]&=W[&W-\._B
MSUA\<>R*SJ7+[&[!J+]I]E=-Y2;#XJ2DR%5C,OMC*HS"?`9&6E]U[JN'XT[%
MZ\Z^^`GS^Z![_P"@MPT7SK^9>W_Y;NZ_Y6NW=Z?&3?\`GNX^U]K9KY%;EF[`
MW)\8MVOUOE*K$8#LW9;T]'#68[(4-/O2-!043Y"2,P+[KW7U^>T,CVEB=BYS
M(=+;.V!O_LRG_AG]VMH]H=E;BZ@V+EO+F,?!F?XYV)M/JCO#/[>^PP$E54TW
MV^U\I]W60Q4S_;1S/5P>Z]T03^73D>TLMV=_-`R'=.SM@;`[,J/GWLW^\NT>
MK^RMQ=O[%Q/B_EG_`,NB##?P/L3=G5'1^?W#]_@(Z6IJ?N-KXO[2LFEID^YC
MA2KG]U[JSKW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]TP;LW9M;8>UMR[YWSN7`;,V3LS`9G=F\-X;LS..V[M;:F
MUMNXZIS&X-R[EW!F*FCQ."P&"Q-'-55E95314]+3Q/)(ZHK,/=>ZURN_/YSO
M<?S/[![!^%W\A/KS`?*CN+!X";#=T?._<N8@VO\`$KX6Y'/=EP=;8K=E-6;S
MVO48GY)9^'$XW/Y_$QX'^*8O(45!3Y3"T>^*.FS.)I?=>Z,[\/?Y)/5O3G=5
M9\POFMW=O_\`F;?..M^W_@W>_P`G-O;=J-B])?PCMS<_;VVO]E2Z*J9-UX#X
M[_P//YFCFH_L<G7_`,!K**9]M_W?HLC78Z;W7NKM_?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=?_]??X]^Z]U[W[KW7
MO?NO=>]^Z]TP;:VGM;9F.J</L_;6`VIB:S/[LW95XO;6&QV"QU5NG?FZ<SOG
M?.Y:FBQ=-2TT^?WGO;<60S&6K&4U&1RE?45=0\D\TDC>Z]T_^_=>Z][]U[KW
MOW7NB"?#K_LHC^:Y_P"+]]=?_"M_Y;'OW7NC]^_=>Z][]U[KWOW7NO>_=>Z]
M[]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[JN7Y[_S3OB5_+OQVV,7V]N/
M/]B=Z=B9_K_;74?Q#Z#H,)V7\M>X,CV7NG([1VM4]?=+'<6"RU9@*S+8+)0I
MEJZ>@Q=36T#8REJ*C,5%#CJOW7NJAMI_`C^8/_.FGVUW)_-^W/G_`(B?"7*8
M##;EZN_E6_&WL#?NR=T[ZQU3W'3=C86F_F+;ARV.@J=Q9^EV3LS;U.V)Q9QV
M4H:BI%;14_7V?H\K0Y'W7NME3J_JCJWH_8N#ZOZ6ZUV!U!UGMC^)_P!VNN^K
M]G;=V!L7;W\:S&0W#F?X'M':>.Q.`Q/\6S^6JJZI^WIX_/65,LSZI)'8^Z]T
MO_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U__T-_CW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=,&[-V;6V'M;<N^=\[EP&S-D[,P&9W9O#>&[,SCMN[6VIM;;N
M.J<QN#<NY=P9BIH\3@L!@L31S559654T5/2T\3R2.J*S#W7NB1_\.N?RM_\`
MO9/\!/\`TL7X[_\`VQ??NO=+_L3Y_?"'JKXYP?+G?'RPZ!QWQHR/]X8-M=TX
MSM#:>Z=B[]S&UJ7=U5F=H]7Y7:>3S?\`I5W^G]PLU#3[=VVN5SM=68NII::D
MFJ87B'NO=4D9#^9[_,`_FNYC&=9?R9^B]_\`QY^-&2W_`(/'[U_F_?)S8.V:
M38M'L7;6^NT,1OC)_%+XX]D4-5_I^_O-_HQ@Q]'75)FK,769.;$;BPFTJF:F
MW%0>Z]T?O^79_)8^'/\`+[_AW:%-MG_9AOFMF_N]Q]P?.7O)*[>_>G8?:6Y?
M[[R=@;^VO7;OS.[?]#?]]/\`2/F*&MAV_40Y',8>2GAW!D<]60OD9_=>ZMX]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U__]'?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW58O\YKM?JWJK^5O\\_]*'96P.M_])'Q#^475'7?
M]_MX[=V?_?WM+>'QW[1_NCUKLO\`O#D<=_>G?^Z?X=4?P[#4/GR-=X)/#"^A
MK>Z]U6-E_P":_P#S&/YFG\;V7_)"^(_]S^E*[^]&W_\`AT?YVX_*=;]%R_:_
MZ<MF_P!YOC?U-_"LWNSM71NS86+FQ.<DQVY/X%F)3BMX;)Q\,OW2^Z]TG_Y9
M/\C_`.)79*;P^8?SLES_`/,(^4,'R=^>?657F?D51X2J^/6W\CUG\[_FAUSO
MG/\`5GQ3Q=&.JMH8#NG=.9RF],EMS-+NK%X/=F1ER&#&.J6DFE]U[K:3]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=?_]+?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=%#^87SX^'/P#V+1]B?,#Y!;`Z/P&6^X_NUC]PUE=EM
M];W^PS&V,'F?]'?5^U*#<'9G8_\`=JMWEC'R_P#`L1D?X/1U:U=;X*4/,ONO
M=4D8CYV_SC/YK_\`!/\`AM;XW_\`#;'P[W'_`'7R_P#L_GSMVI@\]WIO;9^3
M_P!!N\_XW\;_`(KZMT[3R/\`$=I[ISW\)RF6_O1L7>V'4_:[FVQEX=$?NO="
M]TM_PFE_EW86"OWS\QX>WOYCORAWG@*K%=I?)GY9]O=G[BW3N>?-=.8KIO-4
MNWMLXG>U'B<%@,%B:.HJMG5&6FW'O'9E1+3246XVJ<5BJJC]U[JQK_AMCX[_
M`//Q?GW_`.G7/YI'_P!V+[]U[HSO17176GQMZTQ?4?4>+S^*V3BL_O[=D<>[
M-_=@]I[IR6Z>T^P=T]J]A[EW+V'VKNG>O8>[L_N[L/>N4RM9697*5E1)45C^
ML($1?=>Z%[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U__3W^/?NO=>]^Z]U[W[
MKW19/FOMKN/>?PU^6VS_`([56=H?D#NOXR=];:Z+K=K;J@V+N:D[CSO5>Z\7
MUC5;<WO59?`4VSL[3[VJJ%Z/*R5]%'CZ@)4-40B,R+[KW6CS_+VR4?7_`/+?
M_F/4O\QCY>_SL?B)V3\)/D!M_M7O[<G2ORS;(4O8&X-P]^?,WI&GPOQ3W#%M
M7<0G7N_Y9UN\-N]G.<QEML[B[&VGC,_4;HID3+08OW7NG[X?;U_F3_*C"_R>
MOBA\C/EE_,6^-'17SQ^3W\T3MKJ_>>)^1&.QGS7W+\2>F?C'U5VS\7/[W?)R
M'8.,[%WS@X^PMU[S*5&>Q%#1[IPE;15])C(<1!M-L?[KW587QJ^?O\RCY"?`
M7Y^_/+>W\R;YKXON/^5G@/Y;^VOCMMG9G:V-VWT[OG']I_(G<NP\]4_)SK.#
M:<^'^2.?3$8U'GRNZ&K<IN!R8MP5&8I`E,ONO=?4![0[*V[U!L7.=B;LQV_\
MM@-O?PS[_']7]4=I=X;ZJ/XMF,?@Z7^!]7]+;.W_`-F;G\5;DXWJ?X;B*O[*
MC66KJ/%2P3S1^Z]T03^73V5MWM_L[^:!V)M/';_Q.`W#\^]F_88_M#JCM+H_
M?5/_``G^6?\`RZ,'5?QSJ_NG9VP.S-L>6MQDCTW\2Q%)][1M%5T_EI9X)I/=
M>ZLZ]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=53?.[^=C_`"UOY=&1S.S_`)'_`"/P"=Q8K`;@S,70
M766.RO:?<<^1PVUL#N_#[3S^W=GTN0Q/4^?[`Q.ZL8VW)-]9#:V+R\=8*B.L
M%'!5U-/[KW5<N7W]_/>_FR_QO!]+[+_X8^^%.;_O1@?],7>6W)M[_P`QCLW;
MLO\`IRV1]]M?IC[S;7^R\_Q+[3;E16TE94[6W3MZJDI\WM;>6>HV\#^Z]T=O
MXC?R$/Y:WQ$[!HN]*+J3/_(WY0QY_.[RS'RE^7.],KWYW'N/L'-]EQ=K1=I5
MM/N!:/JK!=O8+=-'2F@W=@]L8C<L<=.SR5TM35Y"HK/=>ZN8]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW50_\P'YH?Z%-X=A8'<_R9_V3#XT?&[H'JKO+Y??(O`],_Z8
M>],;_LS_`'IN#I#XE;7^-N-R&UNZ]@8W^);_`.E-YP=BUNY^M=W?;8>NPL&&
MIX:FNKL[MOW7NE]\2/D!OJM[2ZLZVSO?O^S7=#_*?XAK\POACWYGNK,/UIWI
MFMB[/W%U;#W)1_)*#:>&ZGZSK?XK1?*KK6KZZDVWUSL^LCPZ9J@W)1#)XRGR
MVX/=>ZLZ]^Z]U[W[KW7O?NO=?__4W^/?NO=>]^Z]U[W[KW2![6ZPV-W=U=V3
MTOVA@ANCK3MW8.\>L.Q-M'(Y?#C<6QM_;>R.U-VX(Y?`5^*SV*&6P&6J*?[F
MBJJ:K@\FN&6.15<>Z]U37LG_`(3<_P`G_9O3N^.BI?C3N+=G7W8G<&"[KW12
M;E[]^0$64JMU;$JN[Z?J2@ILOM7LO;%91[?ZAV;\@MQ;=Q,*$5&0QCT]1G)\
MOEX?XF_NO=&;[O\`Y/'\OGY-=7;7Z@^2/478/R#VILC?^;[*V7F.[_E)\L^V
M.T]G[BW+MW$[6W'CMK=Y[][RS_=FWM@Y_&8&ADK=J4FX(=K5>0HH*^7'M711
MU*^Z]T$>1_X3X_R:,INCJ?=]3\!^HX<KTQ@-A[:VA18S*]BX7:N9QW7&1DRN
MW:CMG8N'WM0;([\SU;52%<YE=]8_<>4W/3V@S-17P*(Q[KW5R?OW7NB"?#K_
M`+*(_FN?^+]]=?\`PK?^6Q[]U[H_?OW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NJ9_E;_/<^"'QD[CQ/QFV?5]O?-KY
M79+/Y?`5?Q=^!'7:?)+N/;<^UX.PGWRNYZ7%Y_`;)P^?Z[J>M,A%N#;+9MMX
MXB-X:NHQ"8\R5D7NO=$DQ&P?Y[W\V7^"9SNC>G_#'WPIS?\`=?/?Z'>C=QS;
MW_F,=F[=E_T&[W^QW1W/]GMK_9>?XE]IN.GHJNCIMK;IV]525&$W3LW/4;>=
M_=>ZM9^`/\I[X(?RT-K0X?XJ=&8#;N]JK`1X#>'>F[`F\^^^P8)\=LVEW`NY
M>SLQ"V6QF`W7EMAX[,5FV<"N%V=#F4>KHL12.[#W[KW5C7OW7NO>_=>Z][]U
M[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NJA_
ME#_,._N)WIOCI'`_)WX"?#':?5_]V<#N/Y%?./>G\6_OMWI5[/V_V=O3XV]7
M_&VL[C^)F2W#_H\Z4[BZUWEF^Q8.PJW#T/\`?2@P,&%KZ]\K58#W7NA>^"?S
MCVM\G]T]T]-4G?'QB^4>]N@\!U+O7<'?_P`-LWCJ[H3>6UN]<CVS0;/P<VU(
MNVN\,MU/V]LO+=,YRDSNVY]V;GIYL,V#W!!DXGS]1M_;_NO="]\TOGC\4?Y>
M75N`[I^87:O^B#K/<^_\7U?@]R_W&[(W_P#?;ZS6W=U;LQF#_@W5^S][9^F^
MYP&RLG4?<S4L=&GVVAY5DDB23W7NA]ZH[0V+WAU;UKW3U?G/[S]9]O[`V=VA
MUWN7^&9C"_WAV+O_`&[CMV;1SG\&W#C\3G\3_%L!EJ>H^VKJ6FK(/)HFBCD5
MD'NO=%#_`-GV_P"<Z/\`9'/]DN^??_BX/^RZ?\X+_P#,G_\`2]_V4#_?'_R5
M_P#BT?\`'X?[C?\`F][]U[HWG:^X=];1ZM[*W9U?UW_I?[,VQL#>.X>N^IO[
MW8?8'^E#?6%V[D<EM'KO^_FX8*G`;)_OMGZ:GQO\7KHY*/&_<_<3*T<;`^Z]
MT4/X.?(7YT=\_P"E#_9TOY=W^R$?W5_N5_HU_P"<MNG_`)2_Z5_XY_>W^^/_
M`#*C"8?^XO\`<7^#XK_@?Y/XG_&?V-/VDVKW7NO?./N3^8!UI_HOVG\#/AGL
M#Y,Y_M+^^NWMW=L]K_(G;/3/5OQ8S"_W2QO7?8G96PY\77]F=X;`DK=PY+)9
MG$;.DI\Z,=MV:GIV^ZKZ0K[KW1O.J/\`2E_HMZU_TY?W`_TU_P!P-G?Z8/\`
M11_>+_1;_I2_N[CO]('^C7^]_P#O[/[@?WL^[_@W\4_W(_P[P_<_O:_?NO=$
MDINI/YE.=_F(YGM[/?+3J'8?\N;96`VUANO?B1L7IO%;N[+[RR.3ZPW91[WW
M9WAV_O+#X[<?4>?V?W%FZ&NPD>T,EEL7G-OXBEI:RCQM4:^HR7NO=';[7V]O
MK=W5O96T^K^Q/]$'9FY]@;QV]UWVS_='#[__`-%^^LUMW(XW:/8G]P]PSTV`
MWM_<G/U-/DOX1721T>2^V^WF98Y&(]U[HL7P!^'VZ?A+T)#U'OGY:_)WYH[V
MRF?CWKO#N3Y3]B9'L+=,FZ:W9FS=L[@P?7B9B?)Y;8?4+9;:DV5Q&VZK*9VH
MQ=1E:OR9.M>1IC[KW3!\X_@3_L[_`/HO_P"<T?GW\0O]&/\`?7_LASY%_P"@
M'_2%_?3^Z7_,T/\`?G;L_O9_=/\`NG_N$_X#_8?Q.O\`U_<>CW7NC]^_=>ZK
M%ZU_DV_RW>H/F-D?G]UW\<O[O?+?+;_[7[0R';/^E[OC+?<;Z[PH=XXWM#.?
MW#SG:&3ZSB_O/1;_`,NGVR89:.B^[O210-%"8_=>Z7_S"^$O^S(YBCW=M.OZ
M!HL_E=@5'3_;.Q_E!\:?]FJ^.?>?5M/OK;':NPZ;M?I3&]N="5N\]_\`1'9F
MUI,CUSF,EN*MQVSXMV;M6GQ4E5GS747NO=/_`,8OBANGJ'=+]B]N;TZAWQO;
M;W4.S/CGTWMOH3H+(_'+H3H+H3961KLZ^T>G^H=S=R_(7+;%S_8F6GQ<&\*O
M%;DH<-G\-L395%_!Z=]LPU57[KW1W/?NO=>]^Z]U[W[KW7__U=_CW[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$$^'7_91'\US_P`7[ZZ_^%;_
M`,MCW[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=(#M
M#M?JWH_8N<[0[I[*V!U!UGMC^&?WE[$[0WCMW8&Q=O?QK,8_;V&_CF[MV9'$
MX#$_Q;/Y:EH:;[BHC\]94Q0IJDD13[KW5!.0_P"%$.Q?D;OK&=3?R??AWW]_
M-4W_``_P/(=@[IV]39CXH?'/J?#YK#]H92'&=B=Z]^;#I?[G[_KO]&^K$4.7
MP.-P6?BK&AQ^;GRM,V*D]U[I`_\`#:'\XS^9!L__`+&H?S&?]E6Z4[(_RG?W
MP#_EQ[/P>S_MMGYWHO\`N96=?[P^5&XZO=.[,C_$=V;IRO\`?;9^2_TH;%R_
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M0U5'64LTM/54\J21NR,K'W7NG_W[KW7O?NO=,%-NS:U9NG,[&I-RX"JWMMW`
M;:W9N#9]-F<=/NG!;6WGD=V8?9^Y<SM^*I;+8S`;KRVP\Y2XVLGA2GKJC"U\
M<#N])4+'[KW00_)7Y3_'/X==6Y;NGY0]S;`Z/ZSQ/WT']Y=_9ZEQ/\<S%!MW
M/;L_NCLO#7ES^_\`?^3P&V,A48[;N#I<CG<K]I(E%23R#1[]U[KWQ>^4/1?S
M.Z+V/\E?C5OC_21TIV1_>;^Y>]/[L[PV?_&?[G[PW!L'<?\`OW-_;?VMNS'?
MP[=FUJ^D_P`KH(/-X/+%KA>.1_=>Z)'VE_.%^,77_P`[]J_RX=F[`^3OR)^4
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MU[HL6;_GX?RQ?CSU;T;_`+-?_,%^(>?[KW?L#$?Z2_\`9-LOO[Y/=6TG:6`V
M[M?_`$G_`-W?]#6"[9W9LC8$^[,W+_=G^]W\/R.3QR-H\\U+6^'W7NC>?[+U
M\Z/]GH_T]_\`#B/_`#A3_P!X!_[*3T__`,^?_N9_V51_&_\`2S_S-G_?Z?\`
M`/\`ZM'_``#]?OW7N@"QW;O>G\Q'?7\P/X-=L_`7O[XX?!RIV!\A_BK3?-/>
M_8FS]D[Z[GW%D</MSJW=E1T[T#N7963S\6P-SX#?^>S.R^PUGW!M;*4>$@,T
M25M348NA]U[H`?B7_*=V?_(MZ+^6&_OY:W6G?WSF[K[H_P!!/_&`>\OD)T7U
M?_>K_1UO#<F&_P!^OVI_H>V)M/9/\#VGV[GLU6_Q:'(?Q+^$4]'2^":75)[K
MW6O5\Y_C[_,1_F!_._%T'=W\@[`;BVY+@-M_)CLKX]8K^9QU@W9>*W3`^P.E
MMR]HTOR)V%V)MKKSIG`?*[KSX[==]?U&VMV;/S51G=O]4[CKNOY,+N%-V;DH
M/=>Z7W\LN+^8C_**[!^?FV>G?Y!.?SNZ=R8#87R'WKU;L/\`F/=8;GR.P/C%
M6=E_,7+?&;`XW"U>/[XWMWCV]BJ:BWKLUIMK5$.0W'B]F8$MM2FSE55Y7<WN
MO=7K_%C^>!VEW9F.F>O^Z?Y,/\WGX[]F=H;_`,#L'<N7G^*NXMW?'/JO^]>^
MAM?#;TW=WENQ>H,_3[`PN`K:7,;BR-1L^C_@T0JT2.LCIDJ:GW7NK]O?NO=$
M$^#GSV_V=_\`TH?\X7?/OXA?Z,?[E?\`9<?QT_T`_P"D+^^G][?^97_[_'=G
M][/[I_W3_P!S?_`?[#^)T'Z_N/1[KW2_^:7RY_V3'JW`=H?[+%\O/E?_`![?
M^+V#_H[^%O2W^G7M+#?Q3;NZMP_WTS^T?[R[6_AVP,=_=;[&JR/W#^'(Y&AA
M\9^XU)[KW5,^9_X5*_!#JSN/:?3/RU^-O\QKX*9;=>`J=V1;@^7/Q238>.Q6
MUA!N6+#[EK=G[/[#["[BRF`W-N/:M3A*"LQ&U\G3G*!EF>&""KJ*?W7NK6?@
MY_-"^"_\R/\`TH?[);WC_IF_T,_W*_TE?\8T[@Z[_NW_`*1/[V_W._YFOU_L
M7^,?QC^XN5_X`?=?;_:_O^+RP^3W7NC>;^[7ZMZJ_N7_`*4.RM@=;_Z2-_[<
MZHZ[_O\`;QV[L_\`O[VEO#[S^Z/6NR_[PY''?WIW_NG^'5'\.PU#Y\C7>"3P
MPOH:WNO=+_W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=?_];?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?OW[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=(#;W:_
M5N[M]=B=7[3[*V!N?LSJ#^Z/^EGKO;V\=NYK?75_]_\`#S[AV'_I$VCC<C4Y
M_9/]]L!325V(_B5/3?Q*CC::G\D:EA[KW2_]^Z]U[W[KW50_S)_GN_RK?@W_
M`'BPW;_RTV!NGLS;W^DS&3]+=&SR=X=I)OKJKQ4NX>K]T8KKL9K`=0;_`*W/
MU"8FBI]^9+:M'+D5J$DJ8HZ&OEI?=>Z)'G/G'_/-^?.1WQM_^75\!L!_+ZZ=
MQ>`WKMJ+Y*?S:<3N_KWN/.;SK-K=;_P>IZP^->SZ'=V6V5G]E9;=V7K,9ELW
MA^PMA;DCQ2K4U%%64M7@JGW7NE_U-_PG4^,6XNP8_D3_`#,.V^WOYK'RN;/X
MW/1=C_(K.Y_:G3FS(,#V7OSL;#[)ZL^-.S]V3[)V[U#55.\TCR6Q\]7;IV<\
ME+*N.QF+Q]=5XU_=>ZOVVGM/:VP]K;:V-L;;6`V9LG9F`PVT]G[/VGAL=MW:
MVU-K;=QU-A]O[:VUM_#TU'B<%@,%B:.&EHZ.EABIZ6GB2.-%154>Z]T_^_=>
MZ][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[I`;A[7ZMVCOKKOJ_=G96
MP-L=F=O_`-[O]$W7>X=X[=PN^NT/[@8>#<._/]'>T<ED:;/[V_N3@*F.NR_\
M-IZG^&T<BS5'CC8,?=>Z7_OW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[H`N\OE=\6_C#_`'7_`-F5^2G0/QY_OO\`QO\`N7_IR[CZ[ZF_
MO?\`W:_A']X_[K_W^W'@/X__``#^/T'WOVGF^U^]I_+I\T>KW7NA]]^Z]U5-
MT[_-RZ<^0/S7W[\,.F_C?\W-_4W5G;W9W0?9/R\PWQYG3X4;$[CZ;V16;N[%
MZ^W9W37[IH\M@L_@LM1C;L:5&"CCR&<JZ,T35&-KZ+(U'NO='<^4/;^^NB.B
M]\=F]7]#[_\`DYV9B?[LX/KOHKK6KP^)W%V%OK?>\-O[!VCC\CNG<,T6`V!L
M#&9_<]/D-V;HKA-1[5VM29#+S0SQT302>Z]T@/A;W)\KN\.K<_NSYA?#/_9&
M^S,?O_*;>P?4W^S$];_)G^\.Q:3;NU<EC.Q/[^=7XO$X#$_Q;/Y;)XW^$31M
M60?PC[AV,=5$![KW6I;\Z_G7\U_B%\>O@K\6?BS\T>H?@9\A^@.H?DH?Y@U5
M\M]G;(VAD?D!V#U!VS\:^L=\?*GJE?D+T=OSL/Y(X#Y(]A[\[,[AVUN;:>+K
M-R]R8NCW,]-29??F/J]L1>Z]U9U_*?\`YGOPR^/W\LS8F5^9O\R7X1YOO2#/
M_+OY!=R9/:??'555NG?<_;GRA[Z^0B;VVUT9MD;?[5H,_P!D[6WQ39JCV,-E
MX?>./J,BF&J=NX[,0S8BG]U[I_ZH^3G\MW^<-\]NM=\?#W^:]\^Z?LSXY;`V
M=VAG/BET)NWOCX]_%OLG8O4'<V.R^3SG='7O:'Q^P.`[#_OCG^S<9MO<=-#F
MH:S+;=%/3)$D=-+.ONO=7<?*'Y';%^)?1>^._.Q,/O\`W/@-F_W9QF/V5U1L
MG,=C]I=B[ZW_`+PV_P!;]7]7]:['P<;5NY-_]H=F;NQ&WL-3O)349R.2A:KJ
M:2E6:IB]U[H@G\GOX<?!?X\]%Y?O+X6_";O[X)_[,]_#_P#25T_\H9NX,5WI
M2?Z%MX=F[0V=_?CK_M?MGMG^Y'G_`(WE<IC/L*N+^)X?,4E3/JO"D/NO=`#_
M`#5-C?S4N_OD9U-\>/C1\#OY8OR>^%-;L#$]B;L[9_F1[/C[,V+UC\C,55=Q
MXVI@78>&[5_O_P#\>!_!Z#%Y'#]?Y>6*LW-4QS5\=&U8:+W7NO?]M2'_`(()
M_P#:B'OW7NK6?ASAOEK@OCUL^B^<V[.H=Y_*&?/]HYGL7,=!TV;I>G*/';B[
M9WSN#K;:?7T6Y]M;4W2V`V'U5D\'@TDRM++E)I,<TE969&I:7(57NO=%#^>_
M\HWIS^8WV#MC<'R!^2'S<Q?3N+P'7^VM\_#[JGY#3]>_$KN['=>]EY'M"DJ>
MX.KZ+:U9EL[G\[EJRGHZW+8_,8K*146*Q[4-115E%!5K[KW5K/OW7NJ*-I_\
M)H?Y(&S-T[:WAA_@I@*S+;4S^&W+BZ3=G=?R7WYM:JR."R--E**FW+L;?/<^
MXMD[SP$]32JM9B<QCZ_%Y&G+T]73S0221M[KW5C?5_\`+Z^!/1^^L'VATM\(
MOB'U!V9MC^)_W:[$ZO\`C7TSL#?6WOXUA\AM[,_P/=VT]EXG/XG^+8#+55#4
M_;U$?GHZF6%]4<CJ?=>Z-Y[]U[KWOW7NO>_=>Z()N_X-[LRW>G<'?77?SI^7
MG1F?[L_T?P;HVUU_M[X0[RV[B</UGL^FVIM3:.T,S\A?AEWAV9M[8%!6R9?<
M$6W4W"^"I-T[JW!E:2DIJK-Y%Y_=>Z]L#X-[LVM\C.L?DOOSYT_+SO?=G56P
M.W>K\#M/M#;WPAPFQ<CL7NVJZXS.^L'G*;H_X9=.;LG\^[.G-I9BFJ:;,4M9
M3UF`BA$IH*K)4==[KW1^_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW18OES\,
M_C%\\.G*WH+Y:]18#N7JJLS^"W9%M_,UN?P61PNZ=MSRRX?<NT]X;/R^W=[;
M,S\%-55-%)68C(T514XNNK,?,\E#6U=/-[KW2@^+WQ>Z+^&/1>Q_C5\:MC_Z
M-^E.M_[S?W+V7_>;>&\/X-_?#>&X-_;C_P!_'O[<&Z=V9'^([LW37U?^5U\_
MA\_BBT0I'&GNO=5B_*'^1)\<_D?\QM\?.[:/R?\`GW\.OD5VEL#;/7?:&[/A
M;\D*7IG_`$@X?:M#M_#8^?/U.3V#O7/TWW.`V3MVBJL=CJ^AP51_=VAJVH/X
MC]S65/NO=`#M[^3E_,ZZ/WUV)D/BQ_PH3^7FW^L][_W1^PVC\PNBM@_/S?6W
MO[M8>>"J^S[$[I[!Q.`Q/\6S^6R-3)_=W:^W//1O14U?_$),=!5GW7NKF/AS
ML7Y.]:?'K9^QOF+WA@/DE\@=OY_M&FW3WCMK9.`ZVQW8FUJCMG?-=U'F:GK_
M`&K@=N[<V9GX.G:K`4N6QM%#4T]'E*>HC2OR87^(U7NO=$D^7/<?\XS9_P`]
MOC%U_P##WXH]`]J_R_-T_P"A;_9I>\M_;CP>.[2ZW_C?<VY<)W=_<O$5WR4Z
MWR5=_<_I2EQF8QWAV?G_`"Y&HD1/OG!HHO=>ZMX]^Z]UJV?+G_A1]M;K/IRM
MH=P?"/\`FL_`;+=N9_!=([&^6ORY^$..V9TYT/NGLB>7&5?<=;C*W>78%3VM
MG^D=DPYC?%!L6CPM=4;SDVTV*9J2"IGKZ3W7NK>?Y>'?F.[&VMNOJN'L'/\`
M:V)V=@.L>_/CIVKNR;=-7NGN'X#?+C';E[#^('8.Y:C>4%5O:#/[,IMN[IZH
MK'WCE*_L7<E1U<^\-QK3S[IIQ)[KW5C7OW7NO>_=>Z][]U[K_]??X]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6
M_P#+8]^Z]T?OW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=!#W3
M\@^A/C;M:@WS\B>[^H>@]DY7/TNT\7O#NGLK9G5FULENFNQV5S%%MJ@W!OG-
M8+$UF?K,3@JZJBHXYFJ)*>CGD5"D4C+[KW5<O>7\_#^3G\>?[K_W^_F"]`Y_
M^]_\;_A/^@W+YSY/?:?P#^$???WH_P!EJP7;/]R//_&X?LOXU_#_`.)Z*C[/
MS_:U7A]U[I/]:?S^_P"5IVYUI\H>]-C=_9_)?'[X>X#X_P"9[Q[MJ>ENY\;M
M;"9'Y)=@[YZTZ_VGAMHUVQ(.XMQ9^EW'LR$Y*2EVP^+IJ?-T#QUDY3(IC_=>
MZ4'_``ZK_LSWQ;_V97^3WT/_`,.A_P`([^_T&[XV7_I0_P!DG_NA]AUW_?[<
MVZ/[Q_*'KO`?Q_\`@'\?VQ2?94=`WW7]X/+%4'[&KC7W7ND!\_OYXW2O\K#J
MWX>[L^<OQ^[^VQV9\K=@9_<.0ZFZ-EZC[D_T-[ZV!MWJK)=H==[HWYG.S>JL
M!NG^ZV?[5@QM%E\-'4T>6^PJ*@+3QM")/=>ZK%_X4B_S'?G1\5-GQ;+_`-EG
M[^Z4^%.2[^ZPVA_L[WQ>^>/3_2G>G??\2Z+WGV3_`*']CXO_`$*]P]L_&[^&
M=LX+S9/<'\.J?XWA]DU>*UPT>Y+K[KW6CC'\S/Y@?\N[OO8>^>K>W?C%U#W%
M@,!VSGL5O#X847\NKL3:V>VM\@]YY+,;XV3VUN#XA8C?'579.`H-T[?2JV[L
M?>LV3I^OJ>CQ<FW\9AJ./%,/=>ZV\>M_E!_PL'_F*9'93]:='=0_RU=DX3/[
MXVUNWL7LCHZ@ZCQV4R,.UL)N?&5.]>MOEK_LR7R!R6`IY(8\9@\MLC9HQ=1E
M,Q4PU]1,E%-+BO=>Z%[XH?RU?YZ'\Q[_`$N;1_GI?,3Y>?&[I3;NP*C9?7G5
M_P`4.SOA_P!6_P"S`_Z8?NL9VG1]N9#XR4.[-I[LV!M/:>TZ?'28#=^W:[^(
M_P!Z7;'UE)##E:;)>Z]T9WY*?RNOE/\`RX>P?C7WO_(6Z<ZA@V3LS/["ZR^0
M/PTPW5OQ4V[W'W5TY5=E[][J[KS^[/YD?RPK=U_(%<!OR3&;7V='MQ*_(R82
M.*CR6-"ICEIX?=>ZV%OB]V'WIVKT7L??WR5^._\`LJ'=>>_O-_?3H'_2WL_O
M7^X7\+WAN##;<_XRIL&BQVT]T_WIVGCJ#-?Y)"GV/\1^SEO-3R,?=>ZU;-R[
M5_X5\]&_->FV?U;V[U#\XOB]B,_M/#8[N;OSJWX5=`=.;QQV]MD8:#<V[.P>
ML.F]Y87Y7;8P'36\-R5K/'M_(5&4RDFW%J(*/(4U4,;4^Z]U8U_VU(?^""?_
M`&HA[]U[H_?P<^0OSH[Y_P!*'^SI?R[O]D(_NK_<K_1K_P`Y;=/_`"E_TK_Q
MS^]O]\?^9483#_W%_N+_``?%?\#_`"?Q/^,_L:?M)M7NO=$$_P!,G_"DCH__
M`']G:'PS_EB_.3`9#_?O4?4WPM^1/<7QF[2V]F*O_<E3]B9_?GS"Q>6ZSRVP
M,318FHQM5B*&-<[/D<O0U$+"EI:T'W7NK.NRMP_-[=WPYQV[/C[UWT#U!\X]
MS[`ZHW##U-\H=W;LW_T7U?OK-5VSLEV_UWOC?G0\%-G][?W)P%3G<;C,O@HX
MZ/)9BFI*@JM%)(![KW6J;_P])_/L_P"'7/\`AGO^X7\H;_9E_P#GN/[K?,S_
M`$%_]DW_`.S0_P#'S?Z4_P"__P#QX'^1_P#'L?\`%X_:_P"`W^5^_=>ZO6ZO
M[I_FX_&W:WR-^1/\TN@_ERY7XO=!_&+M[NFHQ?P!I?DS7=]Y+=/5F.Q^^9J"
M&B^1.5P77E9@*SKS!;AC6)JZCJ),RV.4SQ4QJ9%]U[H(?B7_`#I/^'?>B_EA
M_P`-,;"_N1\E_CS_`*"?X3_PXGM;^[71>3_TL[PW)]]_$?\`9:NT^S-_UOV6
MP.L]R>'Q_9>/,38W5YJ9JKQ>Z]U[Y:?SI/\`AH+HOXG_`/#L^PO[[_)?Y#?Z
M=OXM_P`-V;6_O+T7C/\`1-O#;?V/\._V97M/K/?]%][L#LS;?F\GWODS$.2T
M^&F6E\ONO=/_`,I_E/\`S<=^="=>?-K^5IUY\(]Y_%[>?PCVE\IZ?J?Y3[2^
M3.XOF;NO=.XMF;A[:AZ\Z\V)\=MPUG7F=S^=Z\K-O8W$8A<M+456ZI:NG%6U
M,U-,?=>Z^>K\N?YJO\Q_9/RUK=Q=Z=H8#L;Y@?&W/X*'HGY@[2WMWO3X#:\$
M6;EW"._/BQU?B>Q-C?$2MZA^:/0=;MC%Y&0]5/L[LKK&FQ.4?$ME,OF,WF/=
M>ZW3_@=\TO\`A1]_,-^*/57S"Z6P'\DC;'6?;_\`?G^[6#[0Q?SNPN^J'^X'
M9&\.K\S_`!S&;3W5O7`4WW.?V3534WV^3J==')$[^.1GBC]U[H_?P][T_GO4
MWRNK.E/G]\(/B'FOCKD_M_L/F=\/>[)ML;%V3]EUON?=E5]YTWW3OS=W?':'
M]Y-\MAMJ1Z,'M#^"5B5M<?XKCG@J$]U[H_?S2_V?;_1;@/\`ANS_`&4/_37_
M`'_Q?]Z/]G2_TS?Z+?\`1;_=W=7\;_@'^@W_`']G]_\`^]G\$^U^X_W'?P[[
M[R?O?;^_=>Z0'P<_X=(_XRA_PY3_`+()_P`P5_H7_P!D<_V8C_L[?](W^E#_
M`$]_^0'^"?PG_IO^Z_Y1_?NO=`%\H?AO_-<[5[TWQO[XU?SF?]E0Z4SW]V?[
ME]`_\-W?&_O7^X7\+V?M_#;C_P",J;^W1CMV;I_O3NS'5^:_RN%/L?XC]G%>
M&GC8^Z]T`/\`PWK_`#T/^^B'_P!I)_#_`/\`LU]^Z]T+WQG_`)>W\Q'97R=Z
MN[]^8_\`.2[>^7.R>G<!V73;5^/VQ?C5UA\/^M-W;I['P%)M4YGO#']1[NS.
M)[IP&T,2)ZW"8W+8[[C$;@6ER%%7TR1UU)DO=>Z4'RA^!'SH^2_>F^/O/YG/
M]UOY?G:O]V=H=J?`/_9+NG\W_?3HO([/V_LSO[I__9J(MXX'NO;G^G7&QY__
M`'\&.^VS&V/X_P#[CG#T-._OW7NC>?"WX'?%'^7EU;G^EOA[U5_H@ZSW/O\`
MRG:&<VU_?GLC?_WV^LUMW:NT\GG/XSVAO#>V?ION<!LK&4_VT-5'1I]MK2)9
M))7D]U[JDCO+^2-_,L^3W]U_]F5_G'=`_(;^Y'\;_N7_`*<OY&'\OOMG^Z']
MY?X1_>/^Z_\`?[)9_P#@'\?_`(!0?>_:>'[K[*G\NKPQZ?=>Z'WXL?R/^TND
M\QTSV!W3_.>_F\_(CLSJ_?\`@=_;EQ$_RJW%M'XY]J?W4WT-T8;9>[NC=V-V
M_GZC8&:P%%2X?<6.J-X5G\9B-6Z24<=2E-3>Z]U?M[]U[H@GP<^!/^R0?Z4/
M^<T?GW\O?])W]RO^RX_D7_I^_P!'O]R_[V_\RO\`]^=M/^Z?][/[V?[F_P#@
M1]__``R@_1]OZ_=>Z7_S2^!WQ1_F&]6X#I;YA=5?Z7^L]L;_`,7VA@]M?WY[
M(V!]COK"[=W5M/&9S^,]7[PV3GZG[;`;UR=/]M-524;_`'.MXFDCB>/W7NM4
MWXX_RH_Y#=?L7,;N^0O\MCY]X7?._P#?^]MXX7J^'X=?SV):7H_JVMS$F,Z?
MZHJ\AL[KK+466W_B>L\3B\CORI_O%N_'-V-E-P+@<S-M=,%34GNO=6<_RPOY
M=O\`+%S6Q>].EZG^6/L#(X#HKO[?W^B7MKYA?RX]_=?[Z[?Z+[MS%=WGUU]G
MG_F?T1A^S-V?Z`:W?66ZCD^\S6>S$U'U[19VL_A]+N'%T:>Z]UL+;3VGM;8>
MUMM;&V-MK`;,V3LS`8;:>S]G[3PV.V[M;:FUMNXZFP^W]M;:V_AZ:CQ."P&"
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M/;L?Y7?%KNOLSI/XA])8#IG_`$W;0[(W=U?\P^YN_=];RZ+[CZW>?.=/X/KO
M?'P1Z&V;0?QWY%=9=5;KJ=P?QRFS&/H]E2T-([4N4R5)6>Z]U9U[]U[KWOW7
MNO>_=>Z__]#?X]^Z]U[W[KW7O?NO=%D^:_=&Z?C?\-?EM\B-C8[!9C>W0OQD
M[Z[HV?B-TTN1KMLY3=/5O5>Z]\;?QVXZ+#Y/"9:LP5=EL%#%614M;25$E.SK
M'-$Y5U]U[K7/_E*_SF?Y@?RX^`WRB^4>9Z^^,OSH[RV!V_U9LWJ/X>_&/+;[
MZ1^0>W\CWC\BMP;5KL'\@ZS?>V=W=?;'ZBV7UYNW#9/96\*"/*XQ]H[7S!W3
MFVS&,SM?2^Z]UCZI_G6?S&_DY\8_Y-U'\>NJ_A-C?F9_-*S_`,]ZC*;A[FA[
MUQ'QCZ\VM\'<_ON.MP]!LW9&Z]T=J#/[\VOBZ&:+)29VNIZ2OH9X6H7AR,<^
M*]U[H@W5O_"I#^8QWK\>>]?F=U[\6_A1@/C_`/`+`?#JG^9FP=Y[O[TK.XNY
M]T_(GMG,=9Y/,?&//X1(]E=68#*U.*;P8W=5+N>HVNEJEZ[<A8T:>Z]U?C_-
MC[X^7^ROD[\&N@OC-WOG_C3LGN[J'YY[][Z^0,.-Z.FZT^..UOCM@/CMNK'?
M)3OS(=W_`!J^0>)J.H>K\3NO-T4F`BR/6M/NC<&X,3CZO>."1XZM/=>ZU;/C
M7_-G^7'QH^5V],#WY_,2_CN?[8_F=?R^L=\C,?O':GPK^-5+M_JWN7K?IS!]
MD[Q[ZZORW0W96\L1O_J+XZ]"R=5]X[:V]O/K;'?'OL;#X_5G=ZU68KYL;[KW
M6QKVA_PJU_DH[`V+G-W;3^1>_P#O#/XG^&?8=7]7_'GN[$[ZW/\`?YC'XRJ_
M@>0[IV3U!UG3_P`%HJV3(U/\2W%CM='22K3^>J,%--[KW0O?$#_A1U_*F^86
M1['HL7\@L!\=:;K?`=/9F7,?+_>/4'QVQV]LCVOM;*[@S&T^N(MX=HG+;OS_
M`$MEL-/@]X20TJ8NFRC028RLRN-JZ3(3^Z]U7+_,3_X5X?%OXA=Z9'HWXU=%
M_P"SO_W3^T_OIW!M#Y$==[3Z+R'\>V?LC=^W/]#_`&!L';_?W^D[[7^\U?B]
MP?=TFWOX+F,2]-%]_KD>G]U[H?O^@J7^5WN[XM_WLV]\GM@=0?+?<_0/]X<'
MU-VOTM\RM_\`5O5_R,S77?\`$L9UWV5OSJ_X\4U;O;8&R>S*E,;F<OMV..7)
M8ZFFJ*!5:2(#W7NJ*.Z?^%'/SS[3VM0;?V-_-D_DS_&W+4>?I<S4;YZ6^)W\
MU7.[IRN.I\=E:*;:=?2?(GX(=^;)CP%=4Y"&LEDI</3905%#`L=9'`U3!4>Z
M]TO\S_-L^0N=R.T]G_%W_A1O\G?GAW%O//U.&P707Q&_X3R=3;B[CK,=C=K;
MEW?GMV46W>WLETUB<U@-MXG;$K5\>-R%;E(8Y5J!1M1PUE32^Z]U9S\`?YE>
MZ?A+T)#U'OGX)_\`"I/YH[VRF?CWKO#N3Y3_``LR/86Z9-TUNS-F[9W!@^O$
MS'=.3RVP^H6RVU)LKB-MU64SM1BZC*U?DR=:\C3'W7NJIL9\2OY1>+P_5^TX
M?Y$?_"G238&S_P"'Y/MGK=OC]VM2[%^5^^MN;%SFQ]A]H?(+!XWORA^UW_UO
M_?#<.2P51L&38M'1UFY,I3M32XJJ.-7W7NKF/E/_`#(/C%\VMK=>;&^5?\@#
M^>OW7LGJSM[:7>NS]G[L_EZY]-K1]E[(QVX</M_*;EV_A^^<9B=^8!<3NO(T
MM9@,]#DMOY2GJWCK:&H32H]U[H(?B]+\N.E_[C]V_&K_`(2`=`]/[LKO[S=E
M;+W]_L['PKZW[TVC_IJ_O!N/<>.^\W]TMA.Z^JM>-W[7XG^Z=6,3_=?#R_W>
MBQ^/H*2/'0>Z]T;SM#Y9_P`W[O#8N<ZO[I_X3*;`[?ZSW/\`PS^\O7?:'\SO
MX.[_`-B[A_@N8Q^X<-_'-H[LZYRV`RW\)S^)I:ZF^XIY/!64T4R:9(T8>Z]T
M$/2WQ\_X4;]9="5^QOCMTA_PGJ^!=-V?@*K=F4V?TMUK\B]B;IZK[+WKLS%8
M>MW+7[?V-A>R?C]N#M[8\=!0TLM9)#NW;]748>"-GRF-CC67W7NA^S/\I?\`
MFE]RY':>W_E%_P`*"OD[N+IW"Y^IW+G=N_$;XO\`3'P/[CS61@VMN7"8&FHN
M_>H=T9W+4>`H\MG8JROQ.2P^:Q>2CIE4T\-8E'D*+W7N@![=_P"$H?P&W=M;
M9M;LVOS^[OD#3=O;J[-[K^1/S,W/\B?D=NGY-X[>N.[2FS^`[=PG2OR=^'%-
M39\;VWWB<Y!N/;U5A<I/4;7IX\D<D*_*O6>Z]T$,_P#PE)ZQQV'W=3=;[T^(
M?2^[-T[`[$Z[INS>K_C_`/S,,=OK:V'[0V+N'KG=D^#;<O\`/`W3M/(_Q':>
MZ:ZCJ<=FL3E\%E*.IEH\G05U!/44LWNO=;:6T]M8[9FUMM;/P]3GZS$[4P&&
MVUBZO=F[-T[\W358[!8ZFQ=%4[EWSOG,[BWMO//STU*K5F6S&0K\ID:@O45=
M1-/))(WNO=/_`+]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
M=>Z][]U[KWOW7NO>_=>Z8-V;:QV\]K;EV?F*G/T>)W7@,SMK*5>T]V;IV'NF
MEQV=QU3BZVIVUOG8V9V[O;9F?@IJIFH\MA\A093'5`2HI*B&>..1?=>ZJ&VG
M_)*Z2V'V7MK<6QOF=_-9V9T7LS`8;:>S_A=M/^9#\D]N_&+:FUMN]?4VPMO[
M:VU_!]TT?R!P6`P4E'#EZ.CI=_14]+D(DIHT7#JN+'NO='[^(WPY^/7P4Z<H
MOC]\7=GY_KWIW%9_.[EP6QLSVCVSVGCMM9'<T\5;GJ;:=7V]OG?F6VI@,GEE
MER$F)QM12XO^*5E97"G%975D\_NO=&=]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=?_T=_CW[KW7O?NO=>]^Z]T@>UMO;YW=U=V3M3K#L,]1=E;GV#O';W7G;`V
MGAM_'K#?.:V]D<;M+L,;%W%+!M_>AV5GZFGR7\)KG2CR/VWV\S".1C[]U[JH
MG^4+_*X[R_E][O\`F-VU\C/DOU_\D>VOESV`FX]Q9S8'Q]VCT<K#;O>ORJ[2
MIM^[TR6U)Z=M^]@=K?[,<V1R,-90_P"_-$,6V<;D<I@L3B9H_=>Z+%MC^0!V
M3U+\8_Y9_6_QX_F&9WI?Y0?RQL_\MZGJKY.P_%_8/8.U=U;6^9>?WEE.T\-F
MOCWO_?\`FL729ZCQ.>H<9C,E)N.NIZ>GAKI6H7J:RDEQ7NO=%%V=_P`)+Z3J
M[K/>'QUZJ_F4=N;4^+_R7P'QHIOGCU9D_CKU!NG=7R"W3\>.P<CV'!F>INTZ
M_*TV4^-V!J,MDI),'C5H-VU&*J"6RM=N*FTTB>Z]T/'_``H[^$W\Q'Y6=@_R
M\=\_`WX_X#Y)8GHW/]S9+Y!]3[^[!ZPVQTYV;M:H[+^(/;6PNIN]=B=E=J]6
MTW<?4.]][=`I593`I-4T[28:"24TTZT<P]U[JDB#X-?,GY+_`"_[$,7_``GK
M^,75GQ^Z2_F-?$KN#M/K/I;L3X!57;/5V1ZXZ.^'V=[4^+]?NC<FZ^L^K^^/
MC%W-\<=P5F[I=A8_%;7Q<O86^H*[(;@F.,RV+K_=>ZW3_P#AJ/\`E;_]ZV/@
M)_Z1U\=__M=>_=>Z]_PU'_*W_P"];'P$_P#2.OCO_P#:Z]^Z]T9WI;X^="?&
MW:U?L;X[=(=0]![)RN?JMV939_2W6NS.K-K9+=-=CL5AZW<M?M_8V%P6)K,_
M68G!4-++620M424]'!&SE(HU7W7NA>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U_]+?X]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z
M]T?OW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7_T]_CW[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=$$^'7_91'\US_P`7[ZZ_^%;_`,MCW[KW1^_?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=?_4W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]T03X=?]E$?S7/_`!?OKK_X5O\`RV/?NO='[]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U_]7?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW59'\V3^:!U=_*7^+
MD'R4[/ZYW]VJ=S[\3J+KO96PI]O8XY?M',===D=@;4I=Y[CW#DJ8;.V#6IUM
M4TV2R]%0Y[(X\3QR08JN(,7OW7NB#YW_`(4Q_#K9F8R6,['^)G\S3JZBZV_T
M7?[-7N'L'X?5>W\/\'CW/OK)[1ZS'RO@;?=1N#9G]]<%346Y\.<'0[C&;P68
MHX\::S+_`'6*I?=>ZV+_`'[KW1!/AU_V41_-<_\`%^^NO_A6_P#+8]^Z]T?O
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M\/O#<N&V_+4KELG@-J9;?F#I<E600O3T-1FJ".=T>KIUD]U[I_\`?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]TP9G=FUMNY':>'W!N7`8++;\S]3M/8V+S.9QV,R.\]TT>UMR[YJ
M]M;3HJVI@J=Q9^EV3LS,9B2CHUFJ$Q>)K*MD$%+/(GNO=/\`[]U[KWOW7NO>
M_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[
MKWOW7NF#=F[-K;#VMN7?.^=RX#9FR=F8#,[LWAO#=F9QVW=K;4VMMW'5.8W!
MN7<NX,Q4T>)P6`P6)HYJJLK*J:*GI:>)Y)'5%9A[KW3_`._=>Z][]U[KWOW7
MNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][
M]U[KWOW7NF#:>[-K;\VMMK?.QMRX#>>R=YX##;LV?O#:>9QVXMK;KVMN+'4V
M8V_N7;6X,/4UF)SN`SN)K(:JCK*6:6GJJ>5)(W9&5C[KW3_[]U[KWOW7NO>_
M=>Z__];?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW5%?_``HD^.NZ/DS_`"X-Z[&V
M1\&\]\[MZX3.;BWGL[9^U.Y<AU-NOHS=6,Z)[LQ&W?DUMC;^(JH,M\A=P=99
MC/0TM)UI2Q5E3NV?,+%%33O"J'W7NM7'KO\`DQ?SJ=K_`!K^;_P_D^&[9S:O
M\S;_`&23;N.[@[C^>?2.^-Q?!3JWX8_('<U+UAL+O&;!XB+)]Z2;=Z2P.!A$
M_7V+7'8W;*4*8W'M71S;9QONO=?1#W9ALCN+:VY=OX?=F?V'EL[@,SAL7OG:
M=-M:LW3LS(Y/'5-%1;LVU2;YVUO/9-5G]NU,ZUE''F,/EL6]1"BU='50&2!_
M=>ZKDV=_+I[.V!N+M?=FT?YH'S[Q.?[PW_CNT.T*_P#N;_+/K_[S[ZQ/5O6O
M2V/SGVN3_ET5M%A?M^L^H-NXW[;'1TE&_P##ON&B-5/4SS>Z]TO_`/9.OD1_
MWM<^??\`Z+K^5O\`_>V/?NO=>_V3KY$?][7/GW_Z+K^5O_\`>V/?NO=>_P!D
MZ^1'_>USY]_^BZ_E;_\`WMCW[KW7O]DZ^1'_`'M<^??_`*+K^5O_`/>V/?NO
M=>_V3KY$?][7/GW_`.BZ_E;_`/WMCW[KW7O]DZ^1'_>USY]_^BZ_E;__`'MC
MW[KW7O\`9.OD1_WM<^??_HNOY6__`-[8]^Z]U[_9.OD1_P![7/GW_P"BZ_E;
M_P#WMCW[KW7O]DZ^1'_>USY]_P#HNOY6_P#][8]^Z]U[_9.OD1_WM<^??_HN
MOY6__P![8]^Z]U[_`&3KY$?][7/GW_Z+K^5O_P#>V/?NO=>_V3KY$?\`>USY
M]_\`HNOY6_\`][8]^Z]U[_9.OD1_WM<^??\`Z+K^5O\`_>V/?NO=>_V3KY$?
M][7/GW_Z+K^5O_\`>V/?NO=(#9W\NGL[8&XNU]V;1_F@?/O$Y_O#?^.[0[0K
M_P"YO\L^O_O/OK$]6]:]+8_.?:Y/^716T6%^WZSZ@V[C?ML='24;_P`.^X:(
MU4]3/-[KW2__`-DZ^1'_`'M<^??_`*+K^5O_`/>V/?NO=>_V3KY$?][7/GW_
M`.BZ_E;_`/WMCW[KW7O]DZ^1'_>USY]_^BZ_E;__`'MCW[KW7O\`9.OD1_WM
M<^??_HNOY6__`-[8]^Z]U[_9.OD1_P![7/GW_P"BZ_E;_P#WMCW[KW7O]DZ^
M1'_>USY]_P#HNOY6_P#][8]^Z]U[_9.OD1_WM<^??_HNOY6__P![8]^Z]U[_
M`&3KY$?][7/GW_Z+K^5O_P#>V/?NO=>_V3KY$?\`>USY]_\`HNOY6_\`][8]
M^Z]U[_9.OD1_WM<^??\`Z+K^5O\`_>V/?NO=>_V3KY$?][7/GW_Z+K^5O_\`
M>V/?NO=>_P!DZ^1'_>USY]_^BZ_E;_\`WMCW[KW7O]DZ^1'_`'M<^??_`*+K
M^5O_`/>V/?NO=>_V3KY$?][7/GW_`.BZ_E;_`/WMCW[KW2`R/\NGL[+=I;.[
MIR'\T#Y]U'9FP-@=E=7[1W+_`'-_EGQ?PG8O;^XNJ-V=B8/^#0?RZ(\!7_WA
MS_1^UZC[FII9JRD_A>BFEACJ:M)_=>Z7_P#LG7R(_P"]KGS[_P#1=?RM_P#[
MVQ[]U[KW^R=?(C_O:Y\^_P#T77\K?_[VQ[]U[KW^R=?(C_O:Y\^__1=?RM__
M`+VQ[]U[KW^R=?(C_O:Y\^__`$77\K?_`.]L>_=>Z]_LG7R(_P"]KGS[_P#1
M=?RM_P#[VQ[]U[KW^R=?(C_O:Y\^_P#T77\K?_[VQ[]U[KW^R=?(C_O:Y\^_
M_1=?RM__`+VQ[]U[KW^R=?(C_O:Y\^__`$77\K?_`.]L>_=>Z]_LG7R(_P"]
MKGS[_P#1=?RM_P#[VQ[]U[KW^R=?(C_O:Y\^_P#T77\K?_[VQ[]U[KW^R=?(
MC_O:Y\^__1=?RM__`+VQ[]U[KW^R=?(C_O:Y\^__`$77\K?_`.]L>_=>Z]_L
MG7R(_P"]KGS[_P#1=?RM_P#[VQ[]U[KW^R=?(C_O:Y\^_P#T77\K?_[VQ[]U
M[I`;Q_ET]G;_`-Q=4;LW=_-`^?>6S_1^_P#(]H=7U_\`<W^6?0?W8WUENK>R
MNELAG/M<9_+HHJ+-?<=9]O[BQOVV1CJZ-/XC]PL0JH*:>'W7NE__`+)U\B/^
M]KGS[_\`1=?RM_\`[VQ[]U[KW^R=?(C_`+VN?/O_`-%U_*W_`/O;'OW7NO?[
M)U\B/^]KGS[_`/1=?RM__O;'OW7NO?[)U\B/^]KGS[_]%U_*W_\`O;'OW7NO
M?[)U\B/^]KGS[_\`1=?RM_\`[VQ[]U[KW^R=?(C_`+VN?/O_`-%U_*W_`/O;
M'OW7NO?[)U\B/^]KGS[_`/1=?RM__O;'OW7NO?[)U\B/^]KGS[_]%U_*W_\`
MO;'OW7NO?[)U\B/^]KGS[_\`1=?RM_\`[VQ[]U[KW^R=?(C_`+VN?/O_`-%U
M_*W_`/O;'OW7NO?[)U\B/^]KGS[_`/1=?RM__O;'OW7NO?[)U\B/^]KGS[_]
M%U_*W_\`O;'OW7NO?[)U\B/^]KGS[_\`1=?RM_\`[VQ[]U[KW^R=?(C_`+VN
M?/O_`-%U_*W_`/O;'OW7ND!VO_+I[.[PZM[*Z6[0_F@?/O<_6?;^P-X]7]B;
M:_N;_+/PO]X=B[_V[D=I[NP?\9V]_+HQ.?Q/\6P&6J*?[FAJJ:L@\FN&6.15
M<>Z]TO\`_9.OD1_WM<^??_HNOY6__P![8]^Z]U[_`&3KY$?][7/GW_Z+K^5O
M_P#>V/?NO=>_V3KY$?\`>USY]_\`HNOY6_\`][8]^Z]U[_9.OD1_WM<^??\`
MZ+K^5O\`_>V/?NO=>_V3KY$?][7/GW_Z+K^5O_\`>V/?NO=>_P!DZ^1'_>US
MY]_^BZ_E;_\`WMCW[KW7O]DZ^1'_`'M<^??_`*+K^5O_`/>V/?NO=>_V3KY$
M?][7/GW_`.BZ_E;_`/WMCW[KW7O]DZ^1'_>USY]_^BZ_E;__`'MCW[KW7O\`
M9.OD1_WM<^??_HNOY6__`-[8]^Z]U[_9.OD1_P![7/GW_P"BZ_E;_P#WMCW[
MKW7O]DZ^1'_>USY]_P#HNOY6_P#][8]^Z]U[_9.OD1_WM<^??_HNOY6__P![
M8]^Z]U[_`&3KY$?][7/GW_Z+K^5O_P#>V/?NO=>_V3KY$?\`>USY]_\`HNOY
M6_\`][8]^Z]T9WX^=+;6^-O0G2'QVV-7Y_*[)Z#ZAZUZ6V?E-V56.KMTY+:W
M5FS,+L;;]?N6MP^*P6)K,_68G!0R5DM+0T=/)4,[1P1(5C7W7NA>]^Z]U[W[
MKW7O?NO=?__7W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=$FPW\RS
M^7)N+'[NR^W_`)__``FSN*V!@:?=6_,GAOE5T5D\?LG:]7NC;NR*7<F[JVBW
MY/3;;P-3O3>&)Q$=96-#3OE,I24H<SU,,;^Z]TOL9\U_AKFMU=L;%PWRV^,F
M6WOT+@=\[J[SV=C.^NJZ_=72^U^K\C'B.R]R=L;>I=URY?KK`]=Y:5:7.UF8
MAHZ?$5#".J>)R%]^Z]UUTM\V/AG\DMT9#9'QU^6_QC[\WIB<#4[JRNT.EN^N
MJ^T]T8S:]%D,9B*S<F0P&QMUYW*T6!I,KFZ*EEK)(EIXZBKAC9P\L:M[KW1G
M/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW11M@_S`?@;VL=ZKU=\VOB-V2W6VP]Q=I]BKL'Y)=-[Q.P>L=H&D&[
M.QMZC;V\\B=J[#VN:^#^(Y>N\&/HO-'YI4UK?W7NGW:?S8^&>_.RMM=,;&^6
M_P`8]Y]P[SV_AMV[/ZHVGWUU7N+LK=>U=Q=?TW;&W]S;:V+A]UUFZ,[M_.]6
M5D.Y:.MI:66FJMORID8W:D99C[KW0N_Z5^K?]*7^@W_25L#_`$U_W`_TK_Z'
M_P"^.W?]*7^BW^\7]T/])7^C_P#B/][/[@?WL_W%_P`9^T_AW\1_R;S>;T>_
M=>Z7_OW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7N
MO>_=>Z][]U[HLFY?FO\`#79G<=+\=MX?+;XR;4^0-=G=J[6HNB]R]]=5X+N.
MKW-OJ#$56R-N4O6.4W72[VJ,[O&FS]!)BJ-*$U&0CK:=J=)!-&6]U[I@WK_,
M"^!G6QK!V+\V_B+L$X_?^^^J*\;U^2736UC0]I=6C;C=F]:UG\<WG0_;;_ZY
M7>.(.>PSZ<CB!E:/[N&+[F'7[KW77:/\P3X%=';YS?5_=7S<^(G4'9>VAC#N
M/KOM'Y)]-=?[YV^,UB*#/X<YO:6[-Z8G/XH9;`Y6EK:;ST\?GI*F*9-4<B,?
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M[7W5M?<./I\O@-R;;S^(J*S%9S`YS%5D551UE+++3U-/*DD;LC*Q]U[I^]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW01
M=T?('H7XW;5H=]?(CN[J+H39.3SU+M7&[Q[H[)V;U;M7(;HK\?E,M0[;H=P[
MXS6"Q-7GJS%X2MJ8J..9JB2GHYY%0I%(5]U[I!)\UOAK+M;8>^8_EM\99-D]
MIX#M;=?6.\$[YZK?:W8VU^B,9DLUWCN38>X%W6<3N_`=-8?"UE7NNLQ\U13[
M=IJ2:7(/3I$[+[KW2=_X<$^!0ZM'>1^;OQ#_`-"AW]_HI'</^S*=,_Z+3VC_
M`'>.[O\`1L.P?[Z?W2._O[IC^*?P?[O^(_P[_*?#X?7[]U[H7NEOD'T)\DMK
M5^^?CMW?U#WYLG%9^JVGE-X=+=E;,[3VMC=TT..Q68K=M5^X-C9K.XFCS]'B
M<[0U4M'),M1'3UD$C($EC9O=>Z%[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=('L_M;J[I'8V=[0[H[)V#U%UIM<8X[E
M[$[/WCM[8.QMNC,9>@P&(.=W;NO(XG`8D97/96EHJ;[BHC\]74Q0IJDD13[K
MW01;3^:_PUWYM7;6^MC?+;XR;SV1O/MS#?'_`&?O':??75>XMJ[K[XW%0TV4
MV_TGMK<.'W768C.]N9W&5D-11[;I9I<S502I)'3LC*3[KW3!MW^8%\#-W[&[
M%[0VG\V_B+NCK3J#^ZG^EKL3;OR2Z:S6QNKO[^9>?`;'_P!(N[<;O.IP&R?[
MYYZEDHL3_$ZBF_B-7&T-/Y)%*CW7NE]T=\K?BY\G1N=OC7\DN@OD*NR3A1O-
MNCNXNO.V1M$[C&5.WAN<["W%GQ@#GA@:[[+[OQ?=?93^+5X9-/NO=#Y[]U[K
MWOW7NO_0W^/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW1)?YE^U-U[[_EQ?S`
M-C[$VWN#>.^-Y?"7Y5[4V;M':>(R.X-U;JW7N+HG?F(V]MO;6!Q%/5Y;-[@S
MF7K(:6BHZ6*6HJ:F5(XT9V4'W7NOFR_&CL;878F'Z'_EZ8%>H?DKT!\_]K_R
MK_BK\A?E-TY\#^LOASWS\&.XNPOEGU[O_>_Q6R'R$P?335/R;SF;V'\?LC+-
MFMX39=-Y9G$09^DF=L%F:7+>Z]T;3^5SE?AAMKLG^4+LC?73N"Q_:?P5ZB_G
MK;D_G983.?%#>S[JZ]Z=FV#VW@-I4ORY,W4TM7VC@<7LS*R[93$U39Z3&U&2
MCV])3PUM=#03>Z]U:S_)2POP\WK_`,*"OF9\@OY<&^1V_P##O>7P`J*S(9;9
M?Q>K/C9U=\;NS]Z]]]-4."^,]#@L9U1TYM*43;1Z?K,[@:TX*BR>9QPJQ6U&
M9RV,S6:K?=>ZW9_?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]T27^9?M3=>^_Y<7\P#8^Q-M[@WCOC>7PE^5>U-F[1VGB,
MCN#=6ZMU[BZ)WYB-O;;VU@<13U>6S>X,YEZR&EHJ.EBEJ*FIE2.-&=E!]U[K
MYX/Q,^5N+Z(^#O\`,+I.J*#H3Y;=;57\D7K+KKM+NS8GP&V'\/.T_BA\D?E=
MV_UQ\3JWXE;R^2FR^K\=N#Y$C"83L"?>>2RVYI\O-V5D=B1U%!6T$E)F*V7W
M7NA9^/\`T5\:?CA\F^D_Y=.QNM<]D_GKT-_PJ6ZWWWL]=T]"YVM^360_E?\`
M5VWL-D-O]D[C[?P_5>#Q57T]5X;!P[VK**EK:/&24#/N6/'18LK6+[KW5F_\
MH#K_`.7O4_\`PH6W[NKYM])]O[7^7'RV_EP]Z=Y?)"AR?:'1W8_6O6DVZ?F[
M14O7.3ZGRFW^].P-S4'QDVKU9U3L[K[!8&>OS^\<1N$&/["/:\4>3I/=>ZWB
M/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7S?\`I[)97IO^>-OW:='0]2=C?(WL3_A0QV:N7^$G<G\M7:?9G<&$
M^)'9.ZJSLN'Y_P"POF9N'KV7MCKG`];[5DI=U;7Q&#SU!08Q,?'N^1*C#5&0
M6M]U[HE#[F^(%-NCY3_S`_E5UH-M[>_FZ?RO_P";!W%\<J;MSK>M[VV-M#^8
MCO7Y_=X[.ZRZTZ)WWBNG$H]O=A=9]7;3VY42[EJXZ"KPM7G36SUF+I<M04B>
MZ]T9G=6[:O\`EI]T]:_)'XL?._/[?_F\5'PB_E.?'#=G\I'=O\NOMW>.Z>P9
M9_CC\#=K[C^-^X^V\U&^-HLYNS&;%H<Y74NWZ?"[PIZF-]O4=9295C(/=>Z^
ME][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWO
MW7NO>_=>Z^;_`/SC<EE>EOYR_P#,@WV*'J3=7>6^L]_+'R_Q`^%?R*_EJ[3^
M9V+_`)C>-R77W7'4N_\`:75O8^^NO=RYCI[;^ULQALMC<E)M"OQ>4WGE89<1
M15D>7Q4#TGNO=*3Y`[G^(&5_G;5O\T+YQ=:BD^(^._F;?S"OY?WR6C[/ZWK?
MDC\=<./AG\!>ANG?C-7Y_:>&Z<S]8^_.Z^T:W<>XJ3%U=-DQ21XJ)J-2N#R&
M5J/=>ZJBJMJ9?H7H?^7[VAWKN;"?&&EJ/Y,?R2S?Q[K_`)*_R^-J?,+K[Y*=
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MS87_``IN_F2_RQ-@8#%?%^3`?RU^M/B%O'KCIN?HKIO&=R9/K&JZ1W[GME['
MWIU'CMKU>=Z.[6[KH]VYW;M3M]4R[U%-]WXJ;-05S^Z]ULI?R-?@WL;X$_RU
M/CAUQMO9^_-E;_[7V%L7Y%_(S%=G2YB'?,?R-[8ZSV)4]E8S.[=R]%B6V0=D
MMB*/;5-A4H**6AH\)"*X5&4:OKJKW7NK<_?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]UK(?\`"J?;#YWX2?$#.9;,-LCK
M/K_^9W\6=W]U]Q9'I(?(K8W0_5=1M;N;965[@[0Z;K,+N#;W8NP-L[AWCC(*
MC`9:EEQNY:RLI<,Z2R9&*"7W7NM;/=V7ROS5_EV='_`N@Z>V_N_;_:'S;_G&
M]^?%CY!_$GXG;4^&N2^:V*_ER?`#>N;^/78U'\7.O^I:7:F[-Q=_]M=HT6TZ
MV7!X_'92DQ>QEVZZU&X$JLK3>Z]T7O<,7QH[]^-_?^YOAMT=N#L/9'2O_":G
MX=]5_,.N^.'4&>ZE@V[\[=K_`#D^.?8N_-S]O;EJ.D\CB=Z[@VWB.MZK>6Z\
MN::I;=NSMFYL4V>HTHJC,8OW7NMAC_A)=3?QC=/\TKL7[G8'97]Y]_\`Q,V[
M_LR?QOZF/0'PZ[1_N?U5ONI_N#TMTC_LK'Q<&Q]_=0?WIU[WF_A</\7GW%C:
MO^'4VO\`C&XO=>ZW)_?NO=>]^Z]U_]'?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7
MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U__]+?X]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U__]/?X]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U__]3?X]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
M[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=
M>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[
MKW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>
M]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[K
MW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]
M^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW
M7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^
MZ]U__]7?X]^Z]U[W[KW54WQ\^5W\Q_Y)="=(?(G8WPK^$>*V3WYU#UKW3L_%
M[L_F.][T.Z<;M;M/9F%WSM^@W+18?^5QG<31Y^CQ.=ACK(J6NK*>.H5UCGE0
M+(WNO='<^*/>7^S/?%OXU_)7^Z_]R/\`9AN@>G.\O[E_QO\`O+_=#_2SUWMS
M?W]U_P"\?\(P'\?_`(!_'_M/O?L*+[KP^7[>'5XU]U[H???NO=>]^Z]UKE?R
M;?YKW:7\PW8OQR[![I^;'\L7;'9G;_\`I>_O+_+_`.K^NMQ87Y74/]P,QVAA
M,-_`\UNSY];US]-]S@-DTN]:G[CK*IU[;DEC3QQLF5C]U[JS?H/^:1\"_DW3
M]45G37R#Q&?H>\]E]J]@=29#<6R^S.M,=OO:_1NXJ[;'<-3A,CV?LK9M$^4Z
MWR&/:?+XR22/)T6+E@R3TXQU33U4ONO=.^Q?YE'PJ[(ZR[M[BVCW.U;UY\>>
MK\IWCVAF<GUQVUMFMI>C\7@]S[B3NO9.VMS[#PVZ>W.G=P8G967?![IVC19S
M`[BEQM3#BZNLGA>,>Z]T\XO^8/\`$3+=5=+=UP=K5-%US\C,EA<;T7E<]UOV
MOMG,=I'/[('95%EMG[+W'L;%;WRNUJ78*R9>OS*XX8G%4%-42UM33K35'BW0
MG@.O=,/Q\_F7_"3Y31]53]&]V)N^E[NZC[8[TZMKLAUWVQL;';MZNZ,[0'3?
M;&XJ;(]@[$VK0X^JV7V&PHZG&5DE-EI*=A70TTE`15'77NFKN'^9-\;>L/Y>
M&\/YF&%SF1WW\=,-U,>UMF9`8;.]>Y7L:ERV0I]O;"PF(Q79F'VKG,+7=A;O
MR5#C<:U?10F9ZZ&2-)$DCU^Z]T)/6M1\V,)O#'Y+OG*?%#,]19/:F:SNZ9]@
M8[M/K/??3FX*6@P-3BMLPR[IW)VMM#O/;OF_BPR.XI9^N7I(HJ9XL34:I@F\
M=>Z3.TOYCWPMWUUYWEVKM;NZAR>P_CEU94]Z=K9H[+[(H):'I"#:N=WI2]S;
M,PN3V;1Y[MKJ;/;?VMDWQ&Y-HTN<PV;J,=54N/J:FJIY84UU[I!X'^;5_+VW
M)N/IW:>-^1-#'N#Y`4'167Z>Q^8ZZ[?VY_?C!_)>CR4_2&X<?5;AZ_Q=%1;;
MWUD\1/A4R59)3T-#N@+@:V6FS4L5`_NO="KV!\_OB+U=FN]]N;V[@IL9G?C3
M5]18CN+$T.SNP]Q5V!W9WU3M5].]=;>I]M;1S#]D=L=A4IADQ^T=L_QC<TB5
MM&6H%%=1^?W7ND]NW^9-\+=C=2=,]X;F[BJ*+KOO_O?!_&#JZKI>LNW\SNG*
M?(?<%;NO%4G3.X^M\)L#(]D]==AX_-['RV.RF-W)B,3487)T,E%D%I:K3"?=
M>ZGX7^8E\/L_V]C.C<?VM7)V#EMZQ=6T@RG5_<&"V,G<LFU(=]/T'D.VLYL#
M'=3X?Y%4>S:A<G5=>5>;@WK1T5Y9\7&BL1[KW0&;:_F$8#;'RO\`YCW6?>_<
M_P`<L3U%\0\G\*L%LK;FR-I?(2/O_:FXOE#UU69BFVOW/+N3:9ZT[2W9VGO5
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M_P`@>Z<5W#BNR=S="1XYL?%A]IU&+GSD3)4UYA$,_NO=6ZX[^99\*<SD^X<1
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M=#YV;\Z/BIT[W/M_X_\`8O;-+@.T=P+LUI,7%M3?F=VWLW_21GYMI=8KVSV-
MMW:V6ZVZ4D[3W;`V)VJF[\O@VW-E!]GBQ5U!$9]U[ILZC_F`?$;O;LZ+J'JS
MML;EWGDHM^3[0FFV+V7MS8_:D'5><&V.TY^C^U-T[-PG5O?,'5^Y6&.W*^S,
MSG5P%<1!7FGE(3W[KW1Q_?NO=:]W\M[^?+T9W]\-.FNT_F=O[8W57R<W5\<.
MZ?EUV=UWU1U'WU7[&VQ\<NKOECVS\:AVEC9H<=VL*?#XJ?KQ9LW3RYZLR%!#
M#6Y6:GI<1"\T'NO=6J]Q_/3XD]"[?V5NGLON7$T6#["V'6]L[4J]J;>WIV;+
M5]/8F#`UF?[JR-!UCMK>&1VYTGM6@W/CZG,[RR45)MG#4M7'-75U/$=?OW7N
MC58;,8K<.(Q6?P61H\Q@\YC:',8;+8ZHBJ\?E,5DZ6*MQV1H*N!GAJJ.MI)T
MEBD0E71@02#[]U[IR]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=%#Z@^:75O=
M'R,[X^-FVL!O_$Y_H_[3^%=B;FQ>W:#J/Y"?PFJAV]W3_LL^[J#=65K>V/\`
M95>S*VCV3VMXZ"D_N-O7(TF'K[54Z*?=>Z-Y[]U[KWOW7NJQ?YR7S2[2_EY?
MRW?D;\PNEL!L#<_9G4'^B'^[6#[0Q>XLUL6N_O\`]\=7]7YG^.8S:>ZME9^I
M^VP&]JJ:F^WR=-HK(XG?R1J\4GNO=%I^)/\`-GW?\J_YA/6WQLQNT=B[2Z8W
M3_*HK/F;ORDR]%FQW/U=\GMG_+NO^,7;?2>Y\ZN[FV=3;>ZRRV!RF.KZ4X7[
M_P#B]"TPKS3%83[KW0,?`O\`G&?)3Y![_P#F%)W-T-M*JZTBZ$[8^8W\M/`=
M-[6WMMSM'Y/_`!IZD[M[SZFR%#G<AV-O;,;3W#VCN5-I;+J<<,5#AZ%J/=-)
MDGC%%DZ,0;QZ]>Z-/_+#^=W='S]VEUGWW@>W/@UVGTGO_KC&Y[M;K'J2/L[9
MGR(^(/:V0VWA<PG3^\X\UOGMK;_==32Y?)55!7Y2JQW5AI8J&.MHJ/+05R"G
MUU[HF'P(_F_?*SM+XT?RU/E[\M8OB]_HM_F1_)_<GQ#Q.T.G.M.S>J=S=&]H
M)G_D7M?K3,5>\=__`"![IQ7<.*[)W-T)'CFQ\6'VG48N?.1,E37F$0S^Z]T,
M_?/\UCO_`*R_FP;!^,NUNO\`JS*?`?;&_/CM\;?E'W5E=M=@5?9FQ/E7\K]B
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M'9^UN[NINH>R]FUV]=GYU>W,?N'L387<'84N,S&`%=MT[0V7CZ-Y*Y8\Y4>*
M`R[QU[H=^L_FQ\7.XNW=P=%];=MXK<_9>WJ;=]6V)@PF[,?@]R1==;K.Q.RT
MZYWUE\!C]A=JU/5V]-&*W5#MG)Y>;;.0J((,HM))40+)KKW1?NL/YO?\N_N7
M"=2;@ZU^04NYL?W[MSL[<W1T*=0]ZXK,]P4O3.=R&W>T<+UIMS.=8XS<6]M\
M[*K\8\E;MO'4M1N%:"2"N6B:BJJ:HE]U[I79G^:%\$L'C_B[E:COS'Y+'_-+
M:G:>]/C!5;6V+VCO2/MO`]+;7H=X=D_P7^Y^Q\XV*S6`PV2@6/%9,4.4R->_
MV%%3U-<&IA[KW2@WQ_,<^$W7>P.K.TMR_(#:TFP>Y]CR=H]>[EVOBMW;]I,E
MU113;=I\[V[FH=B;=W)6[*ZBV;+NS'#<.ZLY%CMO[<^Z4Y2LI`&*^Z]U+[+_
M`)A?P\ZB[)BZHW[W)38W=<:=<2;BK<3LOL?=W7_7"=RY!\1TXW<O;>SMGY_J
MCH\=OY:,TNU/[X9K!_WDJ1XL=]R_I]^Z]U7+_,C_`)SN$_EG?)7?6![6?9O8
M736S_@QM;O\`INC>K^K_`)"Y_P"6]?VAO/Y1TO1."WQN#L]=K'X?=<?%<4=4
M,=4U6X-P4&Z1NEH:>GIZIJ_&4==[KW5BNXOYAOQ#VAO[KKK#=W:&5VIOOLO;
MW6NY\?@-S=4=R[?EV'CNY:Y,-U)2=_5N7Z^H\9\8=R=F[C?^#X'#]D3[5R^5
MSJMC*:FDR"/3+[KW1U/?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW10^X/DGOK
M"]I5/QX^.G2?^G7OC';`VAVANY=W]D8?I+HOJ#8O8&XNP,!UWG.X.S9\%V)V
M9_QE*MZ9WI0;?IM@]?\`859#F,"D>X8MO8S(4F7?W7NE_P#''Y!8?Y&[%S&Z
MJ;8F_P#J+=FS]_[VZO[-Z6[=78M+VYU/OK9.8DI6P>_\5USOKLC:=#_?#:=5
MB=W;;J:/,UU'G]E;DPN;HY9:#*4LLGNO=#[[]U[KWOW7NM9;OS^>5V]T9\X/
MYOGQ.S/7G54&W?AM\29>WOB+V#D,)N\4N[^^L=\'LG\N#T]W?.G8--!N-MZ8
M_;6XLAA8,%#MVH&#VGD89)Y:IXJA?=>Z?OF%_-K^:VP/Y?W\N#MWXE]0=)=I
M_-7YE?&BE^6.^^KMR[*[4W-UWA.H.N?AW)\BOD!EMF[9V1V+A]\8VIIMZ9S`
M8+;"9#,5XJZO*P8QFJ*VK@F7W7NC3?,[^;%MSI'8G\O3?.Q]T=7=8=/?S!J^
MN&/^9W?&(R.\?CG\?<75](57;?7([%VSMGL;J?.;AS?;&3DI\7C(_P"\>"QU
M%#39&LKJZ!*58YMXSU[I)_-#YS?.?XO]#?`^IH*KX4YON;Y@?S+?C]\(T[5V
MSM[N#MCH:LZ?[ZI.Q(\!WMM_K>'L_J3=6`WE+)MJAR$NUQO?<F+HHC-11Y[(
MF2/(1:Z]U&[(_FM=A](]#?S5<)O_`!?5.[/F%_+>EZTV5MREV+MK>5)U]WWO
M[Y0=0[(W=\2<K1],R;\W5V1M:F[$[-WT-N5.V*;=F9K9GQ4YI,L9)M-+O\^O
M===3?S;=\]??RN?E/\P_G+L38>VODG\&>Q>[NEODEU%U0,]M'94W;VR^Q(-N
M]2;<V4W86?W9N"DPG:^VM\[.GQ^3J:RLCR(S`K*1#!-#3K[\^O=&EVC\K>].
MH_EYT%\2/E_7]%97<'S%Z\[Y[%^/NX>FMM;MZ]&W-Q?'V'KG.[[Z&W9A=\]G
M]H3=E9_'['W^^7I=W8N;`09*'$5@;;]"L8E.NO=+;O/Y4[R?Y:[!^`OQYR_6
MN!^0N\/CMV%\J=S[W[6VSFNQ]F]8=.;,WUM+JC`UU7U7M#L?J?=>]<WV!V3O
M$4M#$-QX.DAH\/DIC42RQ)3M[KW1<.POFS\P>E?G?_*K^'/:^SOC6:7YLY_^
M8-1=L;FZ\G[0W#4+M;XO=.X?LWI;<G7DFY*G9T?76?W>^6`W1A,E2;RIZ0`P
M4.5EM]VWNO='(Z]_F`_#[M/?^_.M-D]UXC([DZZQ^_\`+YNMR6W=[;8V-F\3
MU)EH,!V]E.M.T=U;9PO67<>.Z@S]5#0;NGVCE\W%M:NGBI\HU)-+&C>Z]TS4
MO\QOX?RQ=_'*=C[IV9D/C%U#NCY`]R[9[,Z/[\ZIWOA.BMG0YZ;.]R;7V%V5
MUAM3>O:75Z';%?%2YW:E!F\9D:FG,%)-/.4C;W7NE9T!\Z/BK\HL_0;5Z.[9
MI-X;ER_2G7'R.PF!K=J[[V7E<]T9VS3B78O9^WZ'?FU]L5&?VKD:K505<U&L
MYQ.7BEQV06EKX9:9/=>ZI^W[_->[2H/YD7\P7X>[L^;'\L7X(=9_$?\`V5'_
M`$39SYA==;BW%OKO#_3WT/1]H;\^SR>2^?7Q8P$_^C3/O'#)_#<95Z:/,425
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MM&$BDKSCOM(WF777NB\_*?YI=I='_P`R+^55\/=IX#8&0ZS^<G^SR?Z6<YN'
M%[BJ]];>_P!EFZ'V]VAL/_1WD\;NK$X#$_Q;/Y:2'+_Q+&9?ST:JE/\`:R`R
MGW7NO?RR_FEVE\SO^'!?]*&`V!@?]E0_F=?*[X6]=_W!Q>XL7_&>K>BO[A?W
M1S^]/[P[JW3_`!'?^1_O34?Q&JH?X=CIM$?AH:>S:_=>Z+-_+_\`YE'?'S[W
M=+GMC;H^'>U*?9?<?:/6?R/^!W8$?8.TOFQ\9]L;%[)WYLC$;WSW8.&[`["V
M9V'NO,8_:E#5OMR/8.W\%Y<E40)NPS8QXJK9IY<.O=7I^]=>Z][]U[KWOW7N
MO__6V`O^@7S^1?\`]X._^S+_`#`_^Z`]^Z]U[_H%\_D7_P#>#O\`[,O\P/\`
M[H#W[KW58O5'_":#K':/5O6NT^T/Y3GP$[?[,VQL#9VWNQ.V?^'D/YF&P/\`
M2AOK"[=QV-W=V)_</;WPJJ<!LG^^V?IJC)?PBADDH\;]S]O"S1QJ3[KW1W/C
MY_PEC_E);=Z$Z0V_\B?B3@-^?('!=0]:X;O3?.T_D=\N:/:V\^X\9LS"T79V
M[-M4E+VWLRFI<!N+>T%=64<<>'Q,:4\R*M'2@"!/=>Z%[_H%\_D7_P#>#O\`
M[,O\P/\`[H#W[KW1O/A;_)M_EN_R\NTL_P!T_#WXY?Z(.S-S[`RG5^<W+_I>
M[XW_`/?;%S6XMJ[LR>#_`(-VAVAO;`4WW.?V5C*C[F&ECK$^VT)*L<DJ2>Z]
MT`7\FWXH?/;^7E\4?CE\'>Z>N_B'N?K/J#_2]_>7O?J_Y4=S9K?5=_?_`+([
M0[>PW\#Z*W9\)]E8"I^VS^]J7#5/W&_:;11QRY!/)(J8Z3W7NJZ^C?Y`7R1V
MYT9_*$Z+[7[4Z5I\/\).I_YP_4_R4SW6N[^RI\UE,9_,=VAV/L_KG+]$5&1Z
MTVI49C*;.I=\1S9E\M-MIZ*6(FB>L*JQ]U[H9^BOY*?=?7'QI^475F?FZ1B[
M<WQ_*KWI_+*ZE[4F^3?SM[NKMZ8^JV3N/;^UMZ[ZQO=>ZZ_J?XV=32YNLHZZ
MFZXV)L/.ILJ>HRAQ&>J*&N?%^_=>Z$#M7XWX#XA;`_D8;\[M^3?0?1W9G\LG
MI_(=2YW<?<>X]Y[8^+&_?[Q?#[;?Q@[5:'M+(XS:NW\?NW%YJ2BR^RL?G_X-
ME-S4L-=24RTI:MDIMX\^O=:\=7TQWULW^2Y_)NZ0Z)SV+ZX_FG&O^36P<'\?
M*S<%;0]]-\./YD78/R=Z[W1V3E=@;/DKM^;;Z]H(\SMC</\`>#)TM+BMMUV)
M-7++'D\:M*==>ZW0N_OY>'37?7\N7<?\MFL`VGU'D>@MI]'[6R&,Q5%DI-D-
MUSC=O_Z,]W4.&J&HZ3)5NR]T[2QF5CA:2`U$U(!Y8F;R+[KW6*JZR^:G?^RN
MR.E?DQ)\:NM>H-^].=L],[ORW1.[.Y-_=M=C2;_VHVS<1V9MK<.<V[T7B/C=
M58^CR%?6U&WXJ?L2=:B:G2ES\'VS3U'NO=5F[2_DW]^4W2_?.W]W]F=42]HU
M7\D/'?R7^@HMLYOL:EZWSFW=I;4[*HL+WSW-%7;=>IVYN'=6XMU8L38O&8S<
M3;:H*:M%)7Y`UKQ>_=>Z"ZI_D4=Y;RW!U=+OCL?IG$X_KK_A/]T+_+.P>Y]M
MY7>^:W3L?YP?'[N38_=G7/?>U,3D=A[=HLIU-LG?6P\?DZ.JER./SE7-3""3
M&01R/(NQQ'7NA>W/_)P[Q[+^!VS]B=L=N;(W%\[E^>6T?YE/<G8.P]Y]P],]
M7]N]\[3W;5R4'5]'V?UU'B^[.L=@XGJ`8_:.#W1B*#^.;>FP]%FZ+'I701QK
M['G7KW4;<'\G?N.MZ6^&&T-F_P"@;KO=O4G\Z[J'^:=WMA8^Z_ESV]B*[:>U
MZW=DV_,'@NX/D9F.XNT>W^],W#E**:LS%;2;"V]N7+FLR3XW"U%3.*C77NAF
MF_EJ_(?;W\Q-?E'TGN[JKX[==;F[^I>X^\-P]-]F_('!Y7Y'=?':$V%S?2?=
MOP\W(-W_`!PW)V'N+<GAR51W!C-P8/+"F@CI4VTM2KY*7W7N@=[?_DX]X]F_
M-OYS_+>F[&ZPQ4/:/RW_`)1OS$^+VVSN3L&$U^\/Y<&PLUMG>FP/D-18S:5'
M183:?8]1G:B'%5.+GW2:,M!DI:,5-'%2O[KW7MW?R<>\<EUQ\9Z3!]C=83]C
M8/\`GX;?_G+?(V#-[D[!CV-B-NY+??8FZMZ]1=$S/M+/9/+9/;^(W'BZ/&#(
M46V\?F:V&MR%2V.EJFC;W7NCY_RR_A;VE\,?^'!?]*&?V!GO]FO_`)G7RN^:
M77?]P<IN+*?P;JWO7^X7]T<!O3^\.U=K?P[?^._NM4?Q&EH?XCCH=<?AKJB[
M:/=>ZK:^!?\`)[^4W67QC_EJ_$+Y<5/QE7K'^6U\I<[\OL-NOI?LOL[M+<7>
MO9HW#\C-V];8JOVMOOH3I*@Z<Q?6>ZN]J?(-60Y;=TN9DPRI]O0>421>Z]TN
M_P"7Q_)=W3\.>[NG\ENZ?K_L7K3XO5ORR_T+]I[B^2?S?[%[6W)@/E+N7-9J
MKV]%\:]S=C[>^(/Q[BQ6(S[T.[)J+&[]/8==0T.;E3"YB!JF39IY<.O=)OKS
M^2QWQL[K7^8SUSGNW^IMZ8+?OPZ^3'P3_E=X*HI=VXFE^-?QV[^F[7WD=L=M
MYLX/+U35]-NS>FV=O5%7AZ/*R+M?8U#-'KFJ9*"'Q/#)Z]T(GPS_`):OS5^!
MFYL%N/I#>?QBW1ENZ?B/_+3^/WR>R_;.>[FS>+ZDW;\!.GUZ:W%G/C]L?;FV
MMNMV]M?MW9V3KH:.GR^=Z[;;^6CBS$T65$]3BCKKW3)\P?Y,F\._?F3\BN\<
M+6[$WWU3\RL;\3(>W]K=J?)?YQ=1XKJG,_%#(:,7F\%TC\4>R>KMJ?)K^\N%
M@I*K!T^Z=T[578&[*(9N@>O:JKJ.IWC'KU[H5/AO_+5^0_Q=^8]3VEM?=W57
M1WQC:7O'(;\Z/Z`[-^0.;ZJ^1FX>S,U#ENNMU-\6.XQN3K[X>;GZIUU#Y2IV
M7N_<D.\\C425'V^$I7_ARZZ]U9+\7=S_`"FW,_R-_P!F@VYU5@*?;_RF[8VQ
M\;:OJO%]@8A-T?%G$P[:'6&X^Q*3L:KERDO:KY2?,46:JL?3T>WZYZ*.IQ,<
MV/EIZRJ]U[K65^(__"?+YF]!]5;KV-O#LSXQ9++9W^11\VOY8E)4;:WGVK68
MZ/OOY)?,WOOY$[&W=4S93I?#5*=0XK9/:>/I<M7K"^9@RD-1'3XJJ@2.IE]U
M[JQ_KK^6S\O?C7F?@MWM\?MT?'3=/R-Z"_E0=??RO.U]N=R;N[<H>C,6FU&Z
MOW?3]]=<'9NQZO=&_P"HVSV+L*HCFVQ6TFRYMVX.J@23/8.>EC/OW7NK8>HX
M_EY%VYWG%WS5?&^NZ'CQO2L?QIKNH\?V=B>W*S,)L6H7Y%57>>+WEDLSLW&X
MVH[,$3[*I\!65<L."+IDYI:H!V]U[HR'OW7NO>_=>Z][]U[HH?S2^!WQ1_F&
M]6X#I;YA=5?Z7^L]L;_Q?:&#VU_?GLC8'V.^L+MW=6T\9G/XSU?O#9.?J?ML
M!O7)T_VTU5)1O]SK>)I(XGC]U[JL7_H%\_D7_P#>#O\`[,O\P/\`[H#W[KW0
M_;#_`)=_1?\`*<^.?RVW=_*0^&_W/R*[0V!B/[L]7S]N[PW=A^R^TMDTN[\9
MTO\`WNR'R1^16V\!M_8&S<_V/79'<7\.W%A,C5X(5:TOWF13'TS>Z]U7)\P?
MA-BOE)\8OB5\=-W_`,F3YN=R4WQ7[>Z[W8FY.[.Y_P"6M@=[]L[6W9GX,%\P
M]R]J=O=,?S%=G=JYKM[O+:VY\[V+D:S$Y#`4^\NZ\7@LKN5ZG&ID*6H]U[K8
M6^+WQ>Z+^&/1>Q_C5\:MC_Z-^E.M_P"\W]R]E_WFWAO#^#?WPWAN#?VX_P#?
MQ[^W!NG=F1_B.[-TU]7_`)77S^'S^*+1"D<:>Z]T03Y0_P`AW^5'\SN]-\?)
M7Y*_%;_21W7V1_=G^^F]/]./R0V?_&?[G[/V_L';G^_<V#W!M;:>._AVT]K4
M%)_DE!!YO!Y9=<SR2/[KW2`^>/\`*,V[O_\`DT]J_P`JCX`X78'1^`RW]QO]
M$V'[0WUVEEMB[8^P^5&S_D=OS^.;VR5+V_V94?QJMHLS+3:X\CHK*N*`>"E`
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MZ<Q?6>ZN]J?(-60Y;=TN9DPRI]O0>421:Z]U-W?_`"5?E7V5\8/FKC-Q_./?
M&R/DM\J_DGV3\OJ+K_K^;H_)?%?$=X;4[&P.Z?B')DM_[S^&61^56(V]U]MW
MJ+8-)FQA<S2!9,95K3T]5%-/][[KW1R-V?#GYD]9=_\`>'RT^(N8^,^+[Q^9
MW4/QDV/\F,7VOE=]4&R-E]H_'+&[DP^#[CV%7;8ZRW+ENX<(=L;KGP%9M/*T
MNSJW+8RFII:;<F#GC`'NO=#!\&_@/M/H'^5[U;_+P[)P%#7;;QO0F\^D>XL=
M0ST57AMZ5G8YW9#W'N#$R!*B,8'LG.;NRV5HXZJ(545)DHXZN%*A9HE]U[KO
MXE=*?-WXX=?_`!W^+$V2^+E1\>OC)LOKSJ.A[F>N[5W7W3W;U%UIL--E[:QE
M3TM%M_KG8O0/8,<.+Q@JLVN]^QL?5K35#KB:=JJ-*3W7NBA?#?\`E$;]^-_<
MGPUR&Z.T-O9SIS^7?_PX/_LO-7A,_O\`K>T>V?\`9^>TXM]UW^GFFSD-/A*;
M_1+MZ6IQT?CR6XO[R9-H,M+_``^>G2$^Z]T7+X)_R6_E)\8?^&'?[_;]Z!R_
M_#7G_#H7^G[^Z&Z>Q*_^]_\`L['][_\`17_H?_C75F`_C_\``/X_#_>#^-?W
M?^UTO]G]]9=7NO=$-Z^^&7R7_EU=Z_\`"7?XBUM?T7O[Y+=+XO\`GH5-%)2[
MKW_!T9NC-;WZYS':^W\+5;WFZZH=_8+%U^W=Y4]!691-K5LN*K3)-'09**!8
MJGW7NCT[;_D)=J=-?'WK'JGIWO#9>Y]V5/\`*K^3'\K/NK,=J5W8=-M?%[:^
M4G:`[DW'WAU/A,8FYC5Y[8&[LUF*.BV]6KB8LSB&QT$V4H4QT,7OW7NAC[H_
ME"]Y4G;'3.Z_B%V#L'HW/=>=6?%CIX_+?#=M_(O8GR2IMD_')<)@L_B.[>I<
M9-O[H/YW4'9>P,.<1CEW6^RJO:35$U1+59\-%!![KW0?_P`W/^2G\@OYBWR&
M^2G9G7W:73G7^S>W?Y5>Q?AIM'^^-5O:JW-3]Z=;?/\`V)\S,15;DPV$VA58
MK&]3;FP&Q$P=3FJ7)5V8QM96-.F%K8X0DWNO=*OY5_R:.Q?D'\M.^.]W/6FZ
MMB?,_;OP_7OC8N_OE3\ZNO=J]-[M^*E1&(Z[9_57Q=WGT?M_Y88_-T$-//MU
MMW9O9#;'W10KGZ**IDK*_'S[QCUZ]UL7>]=>Z][]U[KWOW7NO>_=>ZK%ZU_D
MV_RW>H/F-D?G]UW\<O[O?+?+;_[7[0R';/\`I>[XRWW&^N\*'>.-[0SG]P\Y
MVAD^LXO[ST6_\NGVR89:.B^[O210-%"8_=>Z/WVOU?L7O#JWLKI;M#!_WGZS
M[?V!O'J_L3;7\3S&%_O#L7?^W<CM/=V#_C.WLAB<_B?XM@,M44_W-#54U9!Y
M-<,L<BJX]U[JL;HW^6A2_P`M3^]$_P#*HV]L#:G6>_?X)D^T/AW\@^V_D9D>
MK=X[ZP?\7Q&/[0ZF[SR>Y.],_P#&G?\`E,!N*--Y5$NP>Q*/>^.V=MK$P4VV
MY*>IS<ONO=)_?O\`)#^('RQVM1UW\R+9^`^8?>E1V]W%W3N?M3:=9WC\8=K5
MNZ>UL=UCU[04&VNK.MOD%EX]O8#8GQ^^/W6^QZ.*LS68J*RGV:F5JYY<QE,O
M65GNO=7,>_=>Z()T)_*]^"_QA^4G='S2Z-Z._N1\E_D-_I&_TP=E?Z2^X-R_
MWO\`]+/8F'[7[`_WYV[^P,_L#`?Q_?\`@*2O_P!Q>*HOM?%X*;PTS/"WNO=5
M??)W^2-OKY3]B_SP\]O3>G6V(P/\Q3;7PHR'Q0S>)S6\CO/JGM+XI_'G=W5F
M3R_:5-'M''T>$VYNO.[BDQDT>%K\Y)DMI9/(PU$<+R_;/[KW2P^/G\I/Y1[=
M[$^-^\.R?ESF>D*7XH_RO?B_\!NL'^*;=/;[KMP;@V_@<3/\KL[O/#_+7XA]
MH[5I]J[QW9L3:T.W*G'TT66J,7BF-6E!YI:27W7NA.Z)^"GS!^.OP)Z^^$<N
M'^&'R[ZYZJW[W'UZO6?RIR._Y,3W/\/,GNS<53T!M_<_9N`Z=W!@>LNU^O\`
M:>8HZ;-P-UGOC"Y&+&+1TDU(9OXC![KW11LW_)-^1/77Q,^)?4'Q]W9TED]Q
M?''^<YM?^:3B>F.P>Q^R-E]$=7=4[<SG9.Y,=\1^D>Q,/TUVCOQ-O82LW+0Q
MP9C+;:\E36UN5R4D$9:#'MO'EU[H1NT/Y/7R)[X[GR_=>[^W-A=*;D^3'S?^
M.GRU^6-9T=GEW+NOK[:7PD^.U-L7XD=/=*[@[?\`C]N'97=3[:[TQ\6Z,UEM
MU[2VQ15-+*T(Q,VEXJCU>O=+/=_\F;L#L:?^9QTYVO\`)?<?=/QQ_F.=-]*Y
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M[G[3_D"=J_RKLQO)NSNZ]X[U[0^5^]=QRY$_)#MS<F[^ISF*W;>^D`K<S6_<
MY+,8N1TH*>BKH*6.JEUU[HY?PE_EB=]_&WYF_$?Y$[YW=U#E=D]!_P`BCH3^
M6)O#%[3S^\Z[=.2[[ZL[5VIOG<&[MM468V!@L36=0UF)P4T='7U5=1YF2H9%
MDQ42%I%]U[I0;*^*'SV^.'\R+^9;\PNENN_B'W5UG\[_`/9-O[M8/M#Y4=S=
M";ZZ^_V5_H>KZOS/\<QFT_A/\B,!F?[UY_.54U-]ODXOMZ.DB=]4E0\5-[KW
M1;?YG/\`)J^1?RIH_P":93_'7LCIJC'\S'KGX%8_.0=W9_LC"KUMOWX1=HT&
M5IZ?!3[1VAO^G79>_>O2\TCQTBS4F=I-'VLJ9&:NH_=>Z(7\G.A$V]\O.C_C
MYT1VYU[W9N+L3_A3'T;_`#,M[=(15^XL?\I^GMG8S9F3Q7?N\-_=>;QEQE;A
M_CCUY7]>2R[?W7#%/A]PTN=QM-C)55:-,AO'7NK'MJ_R9-X;2^<.[^XYJW8G
M8/2>ZOYA]1_,DQ.X]^?)?YQ4&\^M>S,IM>AQF3V%LOXF=:=D[`^+F7W-0;@H
MY6QO9.XLCF*E-JU]1MBNVO7XP4Q@]CRZ]U8#\TOAWOCN+Y"_!KYD],'8>5[U
M^!^[._LEL[8/:>Z]U;#Z\[*V?\D.E<GU%O\`VMF-^;/V;V7F-C92EGCQ&5H<
MHFV,^$;'24YIM-2TB:Z]T#_QJ^&7RU^&NP,PO1&;^,>;[-^5?\T+L7YJ_.3_
M`$FR=O3[-P/3/R"W37Y/M_9OQIK=N1TF6RO;^R]K83;>+VQ7[BH\;@,E)25E
M77T=,\R1+[KW02=A_P`M+O?Y#_,;XO\`R:[BVQ\/.H^ROBK\C:/MM/F'\69N
MQMM?('Y$]/8G"[]QE%\;.Q.I-Y;$R>)V/M'<%-NF@H-PY&?LK>\E=14=<<;2
MX<95Z>EWCSZ]U:YT)_LTG_&:/]FA_P!`/_,_NQO]EW_T"?Z1/^R6_P#</_HD
M_P!-'^D/_FOW_%P_O'_`_P#?N_\``?[+_=GO77NA]]^Z]U[W[KW7_]??X]^Z
M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O
M?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]
MU[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?
MNO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U
M[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?N
MO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[
MW[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO
M=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W
..[KW7O?NO=>]^Z]U__]D_
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
