-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 A7aOq2qcRTeoOD9/6E6SdB/HOYHKHSjAEWTZi14SChL1wj9ioB0e3CLt3NrUIUt7
 PjE7do1LMeTm8wDx1O24pw==

<SEC-DOCUMENT>0000950136-08-000254.txt : 20080122
<SEC-HEADER>0000950136-08-000254.hdr.sgml : 20080121
<ACCEPTANCE-DATETIME>20080118195838
ACCESSION NUMBER:		0000950136-08-000254
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20080122
DATE AS OF CHANGE:		20080118
GROUP MEMBERS:		PERSHING SQUARE GP, LLC
GROUP MEMBERS:		PS MANAGEMENT GP, LLC
GROUP MEMBERS:		WILLIAM A. ACKMAN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BORDERS GROUP INC
		CENTRAL INDEX KEY:			0000940510
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				383294588
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-52269
		FILM NUMBER:		08539911

	BUSINESS ADDRESS:	
		STREET 1:		100 PHOENIX DRIVE
		CITY:			ANN ARBOR
		STATE:			MI
		ZIP:			48108
		BUSINESS PHONE:		(734) 477-1100

	MAIL ADDRESS:	
		STREET 1:		100 PHOENIX DRIVE
		CITY:			ANN ARBOR
		STATE:			MI
		ZIP:			48108

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pershing Square Capital Management, L.P.
		CENTRAL INDEX KEY:			0001336528
		IRS NUMBER:				383694136
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-813-3700

	MAIL ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>file1.htm
<DESCRIPTION>AMENDMENT NO. 4 TO SCHEDULE 13D
<TEXT>


<TITLE>
</TITLE>


<DIV STYLE=""></DIV><PRE><BR>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 4)*

                               Borders Group, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    099709107
                                 (CUSIP Number)

                             Roy J. Katzovicz, Esq.
                    Pershing Square Capital Management, L.P.
                         888 Seventh Avenue, 29th Floor
                            New York, New York 10019
                                  212-813-3700
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                 with a copy to:

                             Peter G. Samuels, Esq.
                               Proskauer Rose LLP
                     1585 Broadway, New York, New York 10036
                                  212-969-3000

                                January 17, 2008
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [_]

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

CUSIP No. 099709107

1    Name of Reporting Person           Pershing Square Capital Management, L.P.
     I.R.S. Identification Nos. of above persons (entities only)
     ---------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instructions)
     (a) [_]
     (b) [X]

- --------------------------------------------------------------------------------
3     SEC Use Only

- --------------------------------------------------------------------------------
4    Source of Funds (See Instructions)
     OO

- --------------------------------------------------------------------------------
5    Check if Disclosure of Legal Proceedings Is Required Pursuant to
     Items 2(d) or 2(e)
     [_]
- --------------------------------------------------------------------------------
6    Citizenship or Place of Organization
     Delaware

- --------------------------------------------------------------------------------
                      7    Sole Voting Power                             -- 0 --
       Number of           -----------------------------------------------------
      Shares Bene-    8    Shared Voting Power                        10,597,880
     ficially Owned        -----------------------------------------------------
        by Each       9    Sole Dispositive Power                        -- 0 --
       Reporting           -----------------------------------------------------
      Person With     10   Shared Dispositive Power                   10,597,880
                           -----------------------------------------------------
11   Aggregate Amount Beneficially Owned by Each Reporting Person     10,597,880
- --------------------------------------------------------------------------------
12   Check if the Aggregate Amount in Row (11) Excludes Certain
     Shares (See Instructions)
     [_]

     ---------------------------------------------------------------------------
13   Percent of Class Represented by Amount in Row (11)                 18.0%(1)

- --------------------------------------------------------------------------------
14   Type of Reporting Person (See Instructions)                              IA

- --------------------------------------------------------------------------------

- ----------
(1)  This calculation is based on 58,751,655 shares of common stock of Borders
     Group, Inc. outstanding as of November 29, 2007 as reported in its
     quarterly report on Form 10-Q for the quarterly period ended November 3,
     2007.


                                       2

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

CUSIP No. 099709107

1    Name of Reporting Person                             PS Management GP, LLC
     I.R.S. Identification Nos. of above persons (entities only)
     ---------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instructions)
     (a) [_]
     (b) [X]
- --------------------------------------------------------------------------------
3    SEC Use Only

- --------------------------------------------------------------------------------
4    Source of Funds (See Instructions)
     OO

- --------------------------------------------------------------------------------
5    Check if Disclosure of Legal Proceedings Is Required Pursuant to
     Items 2(d) or 2(e)
     [_]
- --------------------------------------------------------------------------------
6    Citizenship or Place of Organization
     Delaware

- --------------------------------------------------------------------------------
                      7    Sole Voting Power                             -- 0 --
       Number of           -----------------------------------------------------
      Shares Bene-    8    Shared Voting Power                        10,597,880
     ficially Owned        -----------------------------------------------------
        by Each       9    Sole Dispositive Power                        -- 0 --
       Reporting           -----------------------------------------------------
      Person With     10   Shared Dispositive Power                   10,597,880
                           -----------------------------------------------------
11   Aggregate Amount Beneficially Owned by Each Reporting Person     10,597,880
- --------------------------------------------------------------------------------
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions)
     [_]

     ---------------------------------------------------------------------------
13   Percent of Class Represented by Amount in Row (11)                 18.0%(2)
- --------------------------------------------------------------------------------
14   Type of Reporting Person (See Instructions)                              OO
- --------------------------------------------------------------------------------

- ----------
(2)  This calculation is based on 58,751,655 shares of common stock of Borders
     Group, Inc. outstanding as of November 29, 2007 as reported in its
     quarterly report on Form 10-Q for the quarterly period ended November 3,
     2007.


                                       3

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

CUSIP No. 099709107

1    Name of Reporting Person                            Pershing Square GP, LLC
     I.R.S. Identification Nos. of above persons (entities only)
     ---------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instructions)
     (a) [_]
     (b) [X]
- --------------------------------------------------------------------------------
3     SEC Use Only

- --------------------------------------------------------------------------------
4    Source of Funds (See Instructions)
     OO

- --------------------------------------------------------------------------------
5    Check if Disclosure of Legal Proceedings Is Required Pursuant to
     Items 2(d) or 2(e)
     [_]
- --------------------------------------------------------------------------------
6    Citizenship or Place of Organization
     Delaware

- --------------------------------------------------------------------------------
                      7    Sole Voting Power                             -- 0 --
       Number of           -----------------------------------------------------
      Shares Bene-    8    Shared Voting Power                         5,337,092
     ficially Owned        ----------------------------------------------------
        by Each       9    Sole Dispositive Power                        -- 0 --
       Reporting           -----------------------------------------------------
      Person With     10   Shared Dispositive Power                    5,337,092
                           -----------------------------------------------------
11   Aggregate Amount Beneficially Owned by Each Reporting Person      5,337,092
- --------------------------------------------------------------------------------
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions)
     [_]

     ---------------------------------------------------------------------------
13   Percent of Class Represented by Amount in Row (11)                  9.1%(3)

- --------------------------------------------------------------------------------
14   Type of Reporting Person (See Instructions)                              IA

- --------------------------------------------------------------------------------

- ----------
(3)  This calculation is based on 58,751,655 shares of common stock of Borders
     Group, Inc. outstanding as of November 29, 2007 as reported in its
     quarterly report on Form 10-Q for the quarterly period ended November 3,
     2007.


                                       4

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

CUSIP No. 099709107

1    Name of Reporting Person                                  William A. Ackman
     I.R.S. Identification Nos. of above persons (entities only)
     ---------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instructions)
     (a) [_]
     (b) [X]
- --------------------------------------------------------------------------------
3     SEC Use Only

- --------------------------------------------------------------------------------
4    Source of Funds (See Instructions)
     OO

- --------------------------------------------------------------------------------
5    Check if Disclosure of Legal Proceedings Is Required Pursuant to
     Items 2(d) or 2(e)
     [_]
- --------------------------------------------------------------------------------
6    Citizenship or Place of Organization
     U.S.A.

- --------------------------------------------------------------------------------
       Number of     7    Sole Voting Power                              -- 0 --
      Shares Bene-        ------------------------------------------------------
     ficially Owned  8    Shared Voting Power                         10,597,880
        by Each           ------------------------------------------------------
       Reporting     9    Sole Dispositive Power                         -- 0 --
      Person With         ------------------------------------------------------
                     10   Shared Dispositive Power                    10,597,880
                          ------------------------------------------------------
11   Aggregate Amount Beneficially Owned by Each Reporting Person     10,597,880
- --------------------------------------------------------------------------------
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
     (See Instructions)
     [_]

     ---------------------------------------------------------------------------
13   Percent of Class Represented by Amount in Row (11)                 18.0%(4)

- --------------------------------------------------------------------------------
14   Type of Reporting Person (See Instructions)                              IN

- --------------------------------------------------------------------------------

- ----------
(4)  This calculation is based on 58,751,655 shares of common stock of Borders
     Group, Inc. outstanding as of November 29, 2007 as reported in its
     quarterly report on Form 10-Q for the quarterly period ended November 3,
     2007.


                                       5

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

     This Amendment No. 4 (this "Amendment No. 4") amends and supplements the
statement on Schedule 13D, as amended to date (the "Schedule 13D"), by (i)
Pershing Square Capital Management, L.P., a Delaware limited partnership
("Pershing Square"), (ii) PS Management GP, LLC, a Delaware limited liability
company ("PS Management"), (iii) Pershing Square GP, LLC, a Delaware limited
liability company ("Pershing Square GP"), and (iv) William A. Ackman, a citizen
of the United States of America (collectively, the "Reporting Persons"),
relating to the common stock (the "Common Stock"), of Borders Group, Inc., a
Michigan corporation (the "Issuer"). Unless otherwise defined herein, terms
defined in the Schedule 13D shall have such defined meanings in this Amendment
No. 4.

     On January 14, 2008, the Reporting Persons filed an amended statement on
Schedule 13D (Amendment No. 3) reflecting beneficial ownership on an aggregate
basis of 10,597,880 shares of Common Stock (approximately 18.0% of the
outstanding shares) and total economic exposure on 14,339,180 shares
(approximately 24.4% of the outstanding shares). As of January 17, 2008, as
reflected in this Amendment No. 4, the Reporting Persons are reporting
beneficial ownership on an aggregate basis of 10,597,880 shares of Common Stock
(approximately 18.0% of the outstanding shares) and total economic exposure on
15,403,343 shares (approximately 26.2% of the outstanding shares).

ITEM 4. PURPOSE OF THE TRANSACTION.

     Item 4 is hereby supplemented, as follows:

     On January 17, 2008, Richard T. Mcguire, III, a partner of Pershing Square,
was elected to the board of directors (the "Board") of the Issuer and entered
into a letter agreement (the "January 17, 2008 Letter Agreement") with the
Issuer. The January 17, 2008 Letter Agreement is described in Item 6 hereof. The
January 17, 2008 Letter Agreement is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERTAKINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.

     Item 6 is hereby supplemented by adding the following information:

     In addition to (a) the Common Stock beneficially held by the Reporting
Persons and (b) the Swaps previously reported by the Reporting Persons on the
Schedule 13D (the "Previously Reported Swaps"), on January 17, 2008, certain of
the Reporting Persons entered into cash-settled total return swap agreements for
the accounts of the Pershing Square Funds (the "Amendment No. 4 Swaps"). The
Amendment No. 4 Swaps constitute economic exposure to approximately 1,064,163
shares of Common Stock, have a reference price of $9.99 and expire on August 5,
2009. The Amendment No. 4 Swaps, together with the Previously Reported Swaps,
constitute economic exposure to approximately 15,403,343 shares of Common Stock
in the aggregate. Under the terms of the Amendment No. 4 Swaps and the
Previously Reported Swaps, (i) the applicable Pershing Square Fund will be
obligated to pay to the counterparty any negative price performance of the
notional number of shares of Common Stock subject to the applicable Swap as of
the expiration date of such Swap, plus interest, and (ii) the counterparty will
be obligated to pay to the applicable Pershing Square Fund any positive price
performance of the notional number of shares of Common Stock subject to the
applicable Swap as of the expiration date of the Swap. Any dividends received by
the counterparty on such notional shares of Common Stock during the term of the
Amendment No. 4 Swaps and the Previously Reported Swaps will be paid to the
applicable Pershing Square Fund. All balances will be cash settled at the
expiration date of the Amendment No. 4 Swaps and the Previously Reported Swaps.
The Pershing Square Funds' counterparty for the Amendment No. 4 Swaps includes
entities related to Citibank.

     The contracts relating to the Amendment No. 4 Swaps and the Previously
Reported Swaps do not give the Reporting Persons direct or indirect voting,
investment or dispositive control over any securities of the Issuer and do not
require the counterparty thereto to acquire, hold, vote or dispose of any
securities of the Issuer. Accordingly, the Reporting Persons disclaim any
beneficial ownership in securities that may be referenced in such contracts
relating to the Amendment No. 4 Swaps and the Previously Reported Swaps or that
may be held from time to time by any counterparty to the contracts.


                                        6

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

     In addition to the agreements referenced above, the Reporting Persons from
time to time, may enter into and dispose of additional cash-settled total return
swap or other similar derivative transactions with one or more counterparties
that are based upon the value of the shares of Common Stock, which transactions
may be significant in amount. The profit, loss and/or return on such additional
contracts may be wholly or partially dependent on the market value of the shares
of the Common Stock, relative value of the shares of the Common Stock in
comparison to one or more other financial instruments, indexes or securities, a
basket or group of securities in which the shares of Common Stock may be
included, or a combination of any of the foregoing.

     On January 17, 2008, the Issuer and Richard T. Mcguire, III, a partner of
Pershing Square, entered into the January 17, 2008 Letter Agreement, in
connection with the appointment of Mr. Mcguire to the Board. The January 17,
2008 Letter Agreement provides that it is intended solely for the benefit of the
Issuer and contains a series of undertakings by Mr. Mcguire, Pershing Square,
and the investment funds that Pershing Square advises, including the Pershing
Square Funds, which will be effective while Mr. Mcguire is a director of the
Issuer. The January 17, 2008 Letter Agreement contains undertakings, including,
among other things, that relate to certain confidentiality and regulatory
issues. The January 17, 2008 Letter Agreement also provides that while Mr.
Mcguire serves on the Board, and for two weeks after notice of his resignation,
Pershing Square and any of the investment funds Pershing Square advises will not
cross the 20% beneficial ownership threshold with respect to the Common Stock,
unless two weeks' prior notice is given to the Issuer of Pershing Square's
intent to do so, and if Pershing Square and the investment funds Pershing Square
advises dispose of their interests in the Common Stock such that they cease to
own at least five percent of the Common Stock, Mr. Mcguire will offer his
resignation to the Board. This summary of the January 17, 2008 Letter Agreement
is qualified in its entirety by reference to the January 17, 2008 Letter
Agreement, a copy of which is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

     Item 7 is hereby supplemented by adding the following exhibits:

     Exhibit 99.1   Letter Agreement between Richard T. Mcguire, III and the
                    Issuer, dated January 17, 2008

     Exhibit 99.2   Trading data of the transactions in Swaps


                                        7

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

                                   SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete, and
correct.

Date: January 17, 2008                  PERSHING SQUARE CAPITAL MANAGEMENT, L.P.


                                        By: PS Management GP, LLC,
                                            its General Partner


                                        By: /s/ William A. Ackman
                                            ------------------------------------
                                            William A. Ackman
                                            Managing Member


                                        PS MANAGEMENT GP, LLC


                                        By: /s/ William A. Ackman
                                            ------------------------------------
                                            William A. Ackman
                                            Managing Member


                                        PERSHING SQUARE GP, LLC


                                        By: /s/ William A. Ackman
                                            -----------------------------------
                                            William A. Ackman
                                            Managing Member

                                        /s/ William A. Ackman
                                        ----------------------------------------
                                        William A. Ackman


                                        8

</PRE><DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

                                  EXHIBIT INDEX

     Exhibit 99.1   Letter Agreement between Richard T. Mcguire, III and the
                    Issuer, dated January 17, 2008

     Exhibit 99.2   Trading data of the transactions in Swaps


                                        9

</PRE>




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>file2.htm
<DESCRIPTION>BORDERS GROUP LETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<BODY>




<DIV STYLE="page-break-before: always;"></DIV><BR>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
 <tr>
        <td width="25%" rowspan=11 valign=middle >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font face="Arial" style='font-size:8pt'><font face="Arial" style='font-size:8pt'><img src="img1.jpg"></font><br>
      </font></p> </td>
        <td width="43%" valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td width="31%" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font face="Arial" style='font-size:8pt'>888 SEVENTH AVENUE, 29<font style='font-size:6pt'>TH</font> FLOOR</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font FACE="ARIAL" STYLE='FONT-SIZE:8PT'>PERSHING SQUARE CAPITAL MANAGEMENT, L.P.</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font FACE="ARIAL" STYLE='FONT-SIZE:8PT'>NEW YORK. NY 10019</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font FACE="ARIAL" STYLE='FONT-SIZE:8PT'>P: 212-813-3700 F: 212-286-1133</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:right;margin-top:2pt;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr></table>
</div>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><font style='font-size:10pt'>January 17, 2008</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Borders Group, Inc.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>100 Phoenix Drive</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>Ann Arbor, MI 48108</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>Attention: Mr.&nbsp;George Jones </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and CEO</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Dear George:</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>I am delighted to join the Borders Group, Inc. (&#147;Borders&#148;) board, and I look forward to making a contribution to the company.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>This letter, intended solely for the benefit of Borders, contains a series of undertakings by myself, my firm and the investment funds that we advise (collectively, &#147;Pershing Square&#148; or &#147;we&#148;). These undertakings will be effective while I am a Borders director, and are intended to be legally binding on Pershing Square (which I am authorized to bind) and to address various issues that we have discussed.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>We are sensitive to Borders&#146; concerns regarding confidentiality and other regulatory issues, and feel that it would be appropriate to restrict ourselves as set forth in this letter in order to address those considerations. To that end, I hereby undertake, consistent with my fiduciary duties to Borders, (i) not to serve, and Pershing Square agrees not to designate any of its personnel (including, for that purpose, consultants compensated by Pershing Square), as an officer or director of any bookseller competitor of Borders, and (ii) to refrain from communicating to anyone (whether to any company in which we have an investment or otherwise) outside of the five individuals in addition to myself on Pershing Square&#146;s Investment Team, Pershing Square&#146;s chief legal officer and Pershing Square&#146;s chief compliance officer confidential information I learn in my capacity
as a director of Borders; </font><i><font style='font-size:10pt'>provided </font></i><font style='font-size:10pt'>that Pershing Square shall (and shall cause its personnel to) be bound by the same confidentiality restrictions that apply to me. In addition, this letter memorializes that, subject to applicable law, all of Pershing Square&#146;s personnel have agreed to maintain the confidentiality of Borders&#146; nonpublic information they obtain through my service on the Borders board and not to trade in Borders securities in violation of law while in possession of such nonpublic material information.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>In addition, if either Borders or Pershing Square (the &#147;notifying party&#148;) determines in good faith that your election of me to the Borders board of directors, or my serving as such a director, either alone or in conjunction with other matters, causes the notifying party&#146;s outside</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12pt'>&nbsp;</font></p>
<!-- EEDocs PBStart--><hr noshade="noshade" align="center" width="100%" size="2"><p style='page-break-before:always'></p><DIV STYLE="page-break-before: always;"></DIV><BR>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Borders Group, Inc. </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>January 17, 2008 </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>Page 2 of 3</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>counsel to conclude in writing that as a result of such election, service and other matters that either Borders or Pershing Square or both of Borders and Pershing Square is (or are) or will likely be in violation of the antitrust laws, then the notifying party will inform the other party of such opinion and determination together with the basis for such opinion and determination in reasonable detail. In such event, such other party will consult with its outside counsel. If such other party determines that such a violation of law exists as to it, or if the notifying party determines that such violation of law exists as to such notifying party, then Borders and/or Pershing Square, as the case may be, shall take commercially reasonable steps to address such violation of law by it. Moreover, either party may determine, even if it has not determined that a violation of law exists, that circumstances
are such that action is appropriate to address such circumstances, in which case such party may take such steps as it deems appropriate to address such circumstances. This is without limitation to any other rights or remedies a party shall have.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>Furthermore, we agree that, for so long as I serve on the Borders board, I will comply with the policies (as applied to me on a reasonable and good faith basis) applicable generally to directors of Borders as currently in effect (together with changes to such policies imposed on a reasonable and good faith basis), and Pershing Square will not engage in the purchase or sale of Borders securities during Borders blackout periods under the restriction calendar currently in effect, together with changes to such calendar or unscheduled blackout periods (in either case imposed on a reasonable and good faith basis). Borders shall not be responsible for compliance by Pershing Square or me with the securities laws, including regulations relating to insider trading.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>Further, we agree that: (i) for so long as I serve on the Borders board (and, if I resign from the Borders board, for two weeks after written notice of such resignation), Pershing Square will not cross the 20% beneficial ownership threshold (as beneficial ownership is defined in Rule 13d-3 of the Securities Exchange Act of 1934) with respect to Borders common stock (other than as a result of Company share repurchases) unless we give Borders two weeks&#146; prior notice that we intend to do so (and we agree that if we breach this agreement, we will as promptly as reasonably practicable divest Borders common stock to again comply with such 20% beneficial ownership threshold and will not vote any Borders common stock in excess of such 20% ownership threshold until we do so, these remedies being specifically enforceable and in addition to any other remedies available to Borders in
respect of such breach); and (ii) if Pershing Square disposes of its interests in Borders such that it ceases to own at least 5% of the outstanding common stock of Borders, I will offer my resignation to the Borders board.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<!-- EEDocs PBStart--><hr noshade="noshade" align="center" width="100%" size="2"><p style='page-break-before:always'></p><DIV STYLE="page-break-before: always;"></DIV><BR>
<!-- EEDocs PBEnd-->

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font style='font-size:10pt'>Borders Group, Inc. </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>January 17, 2008 </font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>Page 3 of 3</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:5%;text-align:left;'><font style='font-size:10pt'>I look forward to working together with you and the board.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<div align=left>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
 <tr>
        <td width="49%" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td width="5%" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td width="44%" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Very truly yours,</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10pt'><img src="img2.jpg"><br> </font></p> </td> </tr>
 <tr>
        <td valign=top >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=top >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Richard T. Mcguire, III</font></p> </td> </tr></table>
</div>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<div align=center>
<table border="0" cellspacing=0 cellpadding=0 width="100%" style=' border-collapse:collapse;'>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font STYLE='FONT-SIZE:10PT'>AGREED:</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font STYLE='FONT-SIZE:10PT'>BORDERS GROUP, INC.</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td colspan="3" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'><img src="img3.jpg"><br>&nbsp; </font>  </p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'>  </p> </td> </tr>
 <tr>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Name:</font><font style='font-size:10pt'> George L. Jones</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td colspan="2" valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Title: Chief Executive Officer &amp; President</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td>
        <td valign=bottom >
                        <p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>&nbsp;</font></p> </td> </tr>
 <tr>
        <td width="20" ></td>
                    <td width="12" ></td>
        <td width="319" ></td>
                    <td width="25" ></td>
        <td width="24" ></td>
                    <td width="222" ></td> </tr> </table>
</div>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:12pt'>&nbsp;</font></p>
<!-- EEDocs PBStart--><hr noshade="noshade" align="center" width="100%" size="2">
<!-- EEDocs PBEnd-->






</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>file3.htm
<DESCRIPTION>TRADING DATA OF THE TRANSACTIONS IN SWAPS
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<BODY>
<DIV STYLE="page-break-before: always;"></DIV><PRE><BR>

                                                                    EXHIBIT 99.2

SWAPS

<FONT size="1">

                                                                         EXPIRATION
          NAME             BUY/SELL        SECURITY         TRADE DATE      DATE        QUANTITY    UNIT COST
- ------------------------   --------   -----------------     ----------   ----------     --------    ---------

Pershing Square, L.P.      Buy        Cash-settled           1/17/2008    8/5/2009       438,723      $9.99
                                      total return swap
Pershing Square II, L.P.   Buy        Cash-settled           1/17/2008    8/5/2009         6,021      $9.99
                                      total return swap
Pershing Square            Buy        Cash-settled           1/17/2008    8/5/2009       619,410      $9.99
International, Ltd.                   total return swap
</FONT>


                                       11
</PRE>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img1.jpg
<TEXT>
begin 644 img1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A<F4Z($UI8W)O<V]F="!/
M9F9I8V7_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-#AT5%A$8(Q\E)"(?(B$F
M*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_VP!#`0H+"PX-#AP0$!P[
M*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SO_P``1"`"0`(\#`2(``A$!`Q$!_\0`&P`!``,!`0$!````````
M``````0%!@,"`0?_Q``Z$``!`P,$`0(#!P$%"0`````!`@,$``41!A(A,4$3
M410B80<5(S)"<8&Q%D-2D?`D,T138F."H<'_Q``4`0$`````````````````
M````_\0`%!$!`````````````````````/_=``0`*/_:``P#`0`"$0,1`#\`
M_9J4I0*4I0*4I0*4KYN25%.X;@`2,\@?Z!H*V[ZAMUD4RB6MQ3CR@$M,M*=6
M`3C>4I!(2/)JR!"DA22"",@CS67T*[%FQ;C<=^^YO376Y^].%MJ0M00WCL)2
MG&`?!]R:\*-VL6M&WI$@7"%?7`P$I24JAJ0VI20D9.4'"LGC!Y\T&LI2E`I2
ME`I2E`I2E`I2E`I2E`I2JO4%Y-AM3DX0GYGIC<I#*<[4CE2B?``R:"9(G0XB
M@F3*98*AD!QP)S_G5#/L]Q@W;[_L4E<A;Q'QT-YS<F4V,[?3)X0I()P!@'SY
M)\7S3EAU]9X\]KX9YPI#D.;Z87C!SA0XW)[!2?<]'D4-KTQHB9*^[+II>/;K
MND\Q=ZU!Q//XC9!&Y'!YP,'@XXR%J=/P=22&]3:>N\NS3'@$R3'"?Q"G]#S9
MR-Z3P<]<@YJYM&G&;:_\;)F2;G<"G:9<M0*DI/:4)`"4))YP!SQDG`KK9--V
M?3B'F[1"3$0\07$H4HA1'1Y)]Z\79ZY1+G!E,-N/V]`<3*982"YN.-BL9Y`P
M00.>0?'`5LC63K*KM*1;4KM=G?\`0E2#)PYD)!64-[2"$A0[4,\XY&#IT+2X
MA*T'*5`$'Z5D;&VFP6G4%ZOH,6'+GNS@R\D$MMX2!N`S\Q*>LG]/G-3H>J)M
MPC(GQM-W!4!8W(<4MM+JT\X4&RK.#XR02#G%!HJ5&M\^+=(#$Z&Z'8[Z`M"A
MQQ[$>".B#R",5)H%*4H%*4H%*4H%*56W6^PK.II$GUEN.GAN.RIU83Y64I!(
M2/)H)SJSM6AI39?V%2$K5C]L^<9K*6'4KL&^/:5U'(1]Y^HIV+)'#<MM:E*2
M`,G8H<IV$])X)J/J:TWFP2I>J]../SYBVRF5!?.]+K8R4[`.4E&<[1V,^3SW
MA6FT:GT1M8D_%/W!)D_&*PV]\2/[SY<[%(5A.!G:`$]4'.=;[KI"Z(FZ:@F;
M;9KNR3:6_E#3BNG6ST@9_,#@>?VUK<9OUQ+6PVF4IH-J6GD@`YV@X'&2?:HU
MCB7&%:([%VN'Q\U*1ZKP0$`G'0``X^IY/?'0GE24D`J`*C@`GL]__*#[2E*#
M/:VBIDV-HO)4N(Q-CORT)!.YE+@*LCRD?F(]DGS5K,N]NM]L-SES6&800%^N
MI8V$'K!\Y\8[\5,K"PM/6%G74VV3+1'VJ2B?;@L$H'Z70E/Y1A0"L#_'F@LO
ML^1,-@D39<=<5-PG/RV(RP`66EJRD8^O*O\`RJ_@7")<X;<N$^EYAP92M/\`
M0CL'Z'FLQ>EW35%_D:<MTIRWVV$E(N<I"?Q7"M(4&FR>OE.2KQD?S*N$NT?9
M]9(S%OMB<//MM-PXB/Q7R<!2@$@E:P@9.>]N,\B@TU*\-.)>:0ZD*"5I"@%I
M*3@^X/(/T/->Z!2E*!2E5TN_6V#=X=I?D!,R:%%EH#)P/)QT/`)[/%!\N^HK
M-8?2^];G&AEXX;2ZX`5?4#O'UZJ'>+3='YHNEAN;$:4J/Z"DR6BZTM.<I4,*
M&U0R3GD'@$<5071J;HIV=>)K;VH;5.;3]X;T)+S"@,;@G`!:/E/Z>^>:D:7C
M:KM=@MT:(U8YL%+6YI7QCJ5>FK*D`*#:@0`0,XY`^M!/B?VFM5UM[=UNT.Y1
MYSBF5);B%A32@VMP$'<=P^0C!`[!JQMNFK7:KK<+K%C)$RXN;WG2!GH?*,#@
M9&3[DY.:XV73D:!(5<Y$6*+H_N]5R.%!M.3G"$J)">,9(`W$9(R:NZ!2E*!2
ME*!53?K`U>TQG0\J-.@N^M$E(&2TOSD?J21P4^1[=U;4H,RQ;M20I<N='3:R
M]-4%2&ENN;"M*`A*TG;E.0E(*<'&W.3G%=X5H%NGR-0WVXM/3%-!H+(#3$1O
M.2E&3D9)&5$\X'757]4KFE+4_?E7=]@/.*2,,NY6VAP?WB4G@*QQD#Q]305X
MUS'FWFWVZTPWI2)SBDIFK'ILE*.7"@GES`'8&W)'S5JJPNAK6U*OMUU.RK_8
M5J5"M;0_*VRA9WE.>DEP'`XP!CK&)]VU+<7-3-673L-,UV'^/<5+6$(2WM.&
M@HC_`'A)21^PSP3@-72H5GNT2^VB-=(*BJ/)0%H*A@CW!'N#D?Q4V@IKWJ[3
M^G'&FKO=&(KCR@E"#E2N?)"02!]3Q]:RMX=O&CY,W44!YNZVJX-(4]*?(4Y%
M43A*P4#YF<$':D'&,@#DGO<&)FB9]PNKR57BRW,%5Q4\TE3S"@C:"2D?,UC@
MIVG:.0.\Z'1[$=K1MK88D,RF1&2G>TK<V?<`G/`.1SSQS0<(%TCQ(EGM<^Y_
M?+UU2XEF2AE.UY`25%2@#C&,#(]QGNNVG=*PM-I?$5QYP..++27'%%,=M2MP
M;0DG"4@^W?FO&FM'6O2[DMR"@[I#BE)W$D,H)SZ:,GA.>?J?V&+^@4I2@4KX
M#DD<\''5?:#_T/V:E*4"E*4"E*4&:U);+VW:!$TFN/#]9\_$?)^(A*U96MHE
M02E0RHD$<Y)&#W11K'(C:HF:6LEWE6^W?`M2I;J!O?6^MQ04H.*Z4I*1D^_(
M'=?H54<^`_;;G+U#;VW)3JX@:>@IQE\H5E!22>%`*6,<YR.O(<)LBU_9]I!#
M<5D):C)]*)&W'<^Z<D('!)4HY/7O5M:[M"O$=3T-W<6U%#K:AM<96.T+2>4J
M'L?Z5@X42]ZG9CZM6J&]=&9"4PK8M0+,5&]*7/4R,AQ()42/F!2!@]5O(EHA
M0KG/N3#.V5<2V9#FXG?L3M2,=#`_J:"8I(4DI4`01@@^:I+/8;1I&+<9$?;'
M9>=7)>6LX2VGDX&>DCD_R:O*4'&)+CSHK<J(^V^PZG<AQM04E0]P17:L4_`=
M^S^0_<K1$+NGWB%S8+6=T17EYH>4X_,GZ9''%:V!/B72"S.@OHD1GT[FW$'(
M4/\`7CQ02*4I0*4I0*4I0*4I0*4I0*C2+A$BRH\5Y]*7Y2BEEH9*EX&2<#P`
M.3T./>HUXNXM;;+;3"I<V4OTXT5"@E3A[))/20.2KP/<D`^;/:G8BGIT]QM^
MYR\>NZVDA`2,[6T`DD)3D_N23YQ02&+3;XUQ?N+,-EN9)`2Z^E`"E@>Y_@?Y
M#V%3*4H%*4H/A`(P1D&L=+M#^C+@N\Z>A+>MCV3<;6R?R_\`>93T%#RD?F&,
M<ULJ4$2V7.)>+:Q<8#P>C2$;VU@8R/V\'Z5+K'72RS=,7(W_`$S&4ZPXHJN5
MI:_X@'MUL$X#@XX`&X?7O2VJZPKU;FKA;WP]'=&4J'!!Z(([!!X(-!,I2E`I
M2E`I2E`J!=+JFWAIIIA<J9()$>.WP5D#DD])2.,J/61V2`?%WO3%J2A'HO2Y
M;V?0B1T[G',$`GV"1D942`,]\BO%HM;L9;EPN#@?N4E(#JQ^5I()(:1[)&3S
MVH\GP`'VS6E<,*F3UMR+I)&9#Z0=H_Z$9Y2@>!Y[/))JTI2@4I2@4I2@4I2@
M5C+O:[AI:[OZFL*'9,20L+NMK0,EP<`NM#_F`<D?J_>MG2@A6F[P+Y;F[A;9
M*)$=T<+0>CY!]B/:IM8RZ6:?I:X2M1::;+S#Q]2XVD#Y7L<J=:_PN8'6/F_>
MM-:+O`OMM:N%MDHD1G1E*DGH^Q'@CR#03:4I0*K;Q>6K8VEIM'Q$]_B-$0?G
M</63[(&1N5T!_`/V\79%JCHV-&3+?7Z<:*A6%/+]L^`!R3T`,USL]H<B.O7&
MX+:?NDL)#[K:2$(2!PVC))"!R?J23YP`6BS+ANKN%P>3+NKZ`AZ0$X2E(YV-
MC]*`?'GLY-6M*4"E*4"E*4"E*4"E*4"E*4"LE=;3-T[=']1Z>CI=:>!7<[:@
M8^)QSZK?@.CG(_5^]:VE!#M-V@WRVLW&W2$OQGTY0M/_`+!'@CHCQ7B[75%K
M8;(:7(D/K#4>,V1O>7@G`SP``"23T`35#=;/.L-W-_TS##_Q"L7&VI7L3(]G
M4>`X/.>",YYYJRLUD=:F.7BZN"1='P0#VF*V3D--_0>5=J(R?``=;1:G([SM
ISN!2[<Y0PXL'*649REI'LD>3^HY)\`6U*4"E*4"E*4'_T?V:E*4'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>img2.jpg
<TEXT>
begin 644 img2.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A<F4Z($UI8W)O<V]F="!/
M9F9I8V7_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-#AT5%A$8(Q\E)"(?(B$F
M*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_P``+"``O`+L!`1$`_\0`
M&P```@,!`0$`````````````!08``P0'`0+_Q``_$``!`P,#`@0$`P0&"P``
M```!`@,$!081`"$Q$D$3(E%A!Q1Q@14R0B-2D:$D)5-BL?`6-$-69(*2D\'1
MTO_=``0`*/_:``@!`0``/P#LVIJ:PU6LTZBQO'J$I#*3LE)W4L^B4C=1]AH2
M*S<54']4T1$1A7Y953<*3C;<-)\Q[[$IU\&U:G/6E=8NJHNX43X,#$-O&QQY
M<K/_`%?^<UROAO9[[252Z9U^#U*\9R4[U#.Y)5U9/&=]>_#IQ3EJA2%R%Q/F
M7A"5(5U++`60C?N,<>VC-:N"DV]$^9JTYJ*V?RA9\RSZ)2-U'Z#6>@W52[C6
M^W`6\'&`E2FWV5-**5<*`4`2-CO[:,ZFIJ:FIJ:FIJ:FIJ:FII>JU[4BEU#\
M,1\Q4:B`"8<!HNN)&<95PE/_`#$:6HMZWE=+,EJW;:CP_!44_.RY8<:)XPGI
M&%'Z$@8WU[;?BT2XH<6ZZ0%5B?U^#5R_XX=6-RA.P+0QP!MMKHNII.NF=*KM
M439])<*?%3U522@[QF3^D?WE<?0ZU7%6TVQ3X='H<-$BIR$AF!"3L$I`QUJQ
MPA/V_P`<!Q1Z79T1RZ[PG_BM8;3U!]W]!V`0RC@;GG'?.VL%J7<[(7-GP:3.
MK%2JCX<=\%)0Q';'E0CQ%X!Z1SCDDZ(U^?=<&B2JO6*M#H41I.0S"9^8>)Z@
M$IZE^7)XV'?1RQ6JXW:D55PON/3G"IP^(!UH23Y4JQR<?XX[:.NO-,)ZG74-
MI`SE:@!H'4+]M2EJ6B57886C\S;:_$6/;I3DYT/5\5+1!PF=)6HI"D@07\KS
MQCR:O:^)=HN/I875OEW%#.)4=UD#[K2!_/7_T.QMNMO-I<:6EQ"AE*DG((]C
MJJ<Y)9@2'8;`D24-J4TRI?0'%`;)SVR>^N?TJNWO<DR1!-0HU"DM*(7%5'<<
MDLI[$!1"5YVW&1O]M%S;E\E.]^H"@01BD-8[\^;4_!OB!%_:LW;`G*&X9DTT
M-(5[%2#D9U/G_B-#\S]$HE02G<HARUM*5[`N#`/UU]F]:I!3U5JS*M%02!UQ
M5(E@$^O0<@>^-%8EWVY-BHDL5J'X;@R.MT(5Z;I5@C[C1.6&U0WDNO%ELMJ"
MG4JZ2@8W(/;'KKG=M6XU5X;T.F2)#=L...>-)6L"54U=6X*PD$-<C.>H^N-=
M%C1F(<9N-%90PRTD)0VVD)2D#L`.-)LJ0+G^(\&/#'B0[=*W9;XV`?6G"4`]
M\#.=.^E^[+A=HL5F+3F4RJQ4%^#!CD[%6-UJW_(D;D_36:WFJ3;%$GK<J+,N
M;'ZI%6D)<"EJ=QE74.WH!MMH5;9C4N!*ONX<HGU7=M!RI;;1/[-EM/.3Y=AW
MQZ:LH%CKFU5RY+I+LR2ZM:XD&6L.H@H4KJ2GTZA[;#WYT[+6S%84XM2&66TE
M2E$A*4@;DGTTCT]J3?\`6V:W)"V;?ISG53XRP/Z6Z,CQE#]T?I'?^.?9MK7]
M44^&]?+<9O\`X2"$*S@]P0>_KK5'^%EK((<G1I%4?&Y>G25N*4?<9"?Y:.T^
MV:%24I3`I$./TG(4AE/4#G.<\Z*:IDQ8TQDLRH[3[9Y0Z@*2?L=)-LN0K5NJ
MX:(F4W%H\<,R6DON@(86X#U)!/`.,@:*B_Z))=\*E)F5=>_^HQE.)!'JHX3_
M`#TOW36G9-.34JU951BQH9ZTS42VT2(V<>9.#GOC&=_35%#^)DA%<BT.5X4^
M,\^4-U9:PRE;0'*AP5!6$Y&Q.0-]=.T%JEWT&CK2U)J#:I"SA$=@%UU1]D)R
M=853[HKODIL'\"BJ&\NH)"WSR/(R#@=MUGO^76%CX26IX0,^,_/E*)4]*>DN
M!;JR<E1`(')U]5<JO*YG;:0XI%*IH0Y4BC(\=9W2SGL,;G^&G%EEJ.RAEEM+
M;3:0E"$C`2!P`-)UQW-+J-35:EK$.5%0Q,F<MP6SR2>Z_0>NF"WK>I]M4I%/
MI[?2@>9;BMUNJ[J4>Y.OJO5R';M)=J,Y1"$>5"$C*G5G\J$CN2="K6HTQ4EV
MY:ZC%7G("4L@DIAL[$-)SW[J/<Z0OB/;4:E2%-TN2T[,K4P%$$,_T@E:LN8<
M"@2@G]*P0,[$:?:+;+ZIS-:KY;<G,HZ(D5O=B"C&,(VW61RK[#8:_]'LVD2O
MNR+WN`VO`>4BDPE!57D-JQXA[,`_;?3O'CLQ8[<>.TEIEI(0A"!@)`X`&K-3
M7BE!*2I1``&23VTM3/B!0&9/R<%YVKS=L1J:WXRM_P"\/*/N=![@J]U(I$BJ
M3I$6V::V@^1(^8F.$[!/[B2>V,X^VI9-@QDT]NLW/'_$JU+(>6N:HNEH8\B=
M]L@8[<\;`:<9M0IM#A%^;)CPHR!^9:@A/T'_`*&N45RM5?XDU+Y2F4.H2K>8
M5U)"%".F:I)Y4ZK9*?0`$_0\8(SBI%0N"34JA1+90R$T]5/>9$EQME"=T-IR
M.H$D'(!R1MCN.JB+D9CQ'#/JRJ9)<2W36YSBPN2`IM/0I"%83D*605;D)[:[
MG2K?H]#;Z*738T0>K38!/U/)T1U-<NLJ^J!1;9!JDU9K,Z2_)E1&F5N.ATN$
M=.`-MDIV4=&/F+OO1"D,,NVM25*P770?GG4Y_2.&\^IW';.F>A4"FVY34P*7
M&#+()4HYRI:CRI1.Y/\`GC5M6JT"ATYVHU*2B/&9&5+5_(`<D^PTJT*FS+LJ
MS5U5YA3$9@G\*IZQLA/]LL']9[>@UK>NN579#M/L]IN46_*]4W<_+,*S@A/]
MHH#?`VXR=#:Q9"J="B56GMO5:LQ)[4M]YY0\62$[*`X`P#LD8&VGU)ZDA6",
MC.#R-`+VKCU#M]1A`*J,UQ,2"C(W>6<)._IN?MJZVZ%%M6A",'0I0ZGI<EPX
M+KAW4M1/^<:%6A^.5:K3[AJ$UUNGOJ6S`@8(2&TJP'#[GIV(Y!SW&F_2]<5U
M"D26J93X+M3J\A!6S$:V`3QU+4=DI]]#X]HSZ^WX][3?FPL`BEQ5*:C,GWZ3
MEP[#=1P-]%)]0MRQ:07%HC4Z-GR,QVPDNJQPE(Y.V@]'IM3NRHL7!<<4Q(L5
MPKIM,4-T]@X[ZJ]!VTT5F<Y3*+-GLL*?<CL+<0TE))6H`D#`]3KAU)%.JUUN
MU+XGRY4:6%@L1)#*D,A/(221LG?9(]\DYUV2!=%L/L!N#6:;X3("0EM]"0@=
M@!GC6-R+8SM9%8<_!ESQ_MRXV3GUYQU>_/OJJY&X5Q.T94*KT_\`JVIM37<R
M`<H0%9`QG??OMHNY<]OL@EVNTUOI(!ZI;8P2,@<^F^LK5X4>57X5*@SXDTRV
MG5=<:0ESH4CI(!"<X!!4<G]W'?1[7__2[`S$C1E.*8CM-*=5UN%"`DK5ZG')
MU=J:4KXM.HW*Y2WZ?.CLJI[Y>\"4UUM.*[$@=QOMQOK.BQ:E5G4.W9<<BHMI
M<Z_D8Z0S'/H%`;J'UTX1HT>'&;C16&V&6QTH;;2$I2/0`<:MU-)=^S6J/5[9
MK516!28<QP21T=92M;2DMKQSY3GC?OC;6J*Z]?#+<DI,>WEY*6RK]K.P?U`?
ME;V_+RKO@;%I`"4A*0``,`#MKW26NBW32;FJ=5I*:74$U-2,F8M;;C"4C`0"
M`04_3N=6KB7_`%1OPWY]*HK:CA1B-K?=Z<;X*L`'[:MH]@4VGU%-5GR959J2
M1A,F<OK*-L>5/`TU:FJI$6/+;\.2PT^C]UQ`4/X'09VQK4?=4Z[;U/4M1R3\
MNG?7Q_H!:'^[E._["=>IL.TDNH=%N4[J1QF.DCC&XX/WU>+/M<$$6W201P1!
=:_\`G6V'2*93E=4&G18JNGIRPRE!QZ;#C6S7_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>img3.jpg
<TEXT>
begin 644 img3.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A<F4Z($UI8W)O<V]F="!/
M9F9I8V7_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-#AT5%A$8(Q\E)"(?(B$F
M*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_VP!#`0H+"PX-#AP0$!P[
M*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SO_P``1"``]`5<#`2(``A$!`Q$!_\0`&P`!``,!`0$!````````
M``````0%!@<"`PC_Q`!!$``!`P,"!`,""P8$!P`````!``(#!`41!B$'$C%!
M$R)1%'$5%A<R5&&!D96ATT)25I+1\",D<J(U58*DL<'2_\0`%`$!````````
M`````````````/_$`!01`0````````````````````#_W0`$`"C_V@`,`P$`
M`A$#$0`_`.S(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(
M@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`HU=<:&V0>/<*
MVGI(LX\2>5L;?O)6*ONNKI7UU3:-%6\5<](YS:NXU'DIJ8MZC)P''K]VW-OC
MF]VMU%J2X.HZ>Y&_:@G#!6W6>814-)CJ(R,<W3`V((W`ST#]`4M735U,RIHZ
MB*I@D&62PO#VN[;$;%?996PW+26E;'26./4EK`HV<CN>LC:YSB<N)'-MDDG'
MUJ>-:Z4(:?C+:?-T_P`['^>^WVH+M%#H;Q:[H,V^Y4E8`"?\O.V3_P`$^JF(
M"(B`B(@(B("(B`B(@(B("(B`B(@__]#LR(B`B(@(B("(B`B(@(L1Q:N=?9]&
M&OMM9-25$=0QH?$[&0<@@^JC_#HIN)%JM-FO;[C#5MG%?2S3^(V`-:'L<UV,
M@[D=3D#MU0;]%FW:ZL\8O)F%3%\"<OM@?%CEYB0W&_FSC;'_`+5I37F"INC[
M:(:F.HC@;,[Q(B&@.[<W3F]1E!8(B("(B`B*+<;E16BB?6W&JCIJ>/'-)([`
M&3@()2S^H-;633LK*:HF?55\C@QE!1M$M0XGIY`=L]LXRLK\:]3Z[N#J/24#
M[79<X=>YH<N<,'/(UV!UVVR1U);G:RMEET5P^EDKJRYPFZ29\>MKJD.GD<XY
M)Y<[9SV&<=2>J#*VCAK=]4W.Z7:_&>P6^[/\66VTDYYY7`Y#G@@CYQ+MQG).
MS=EIZ;@SHJ`8DH)ZGIO+4O'K^Z1_87J3BC1US'-TQ9+I?IL^4Q0.BAV(SS/<
M/+MG&QW&-LJ-$[BK>Y8Q(+7IVG=NZ1K1/,T9&W*2YI/W;$]T%G'PQT);XY)#
M9*=K,`N=/,]X&/K<XX5!<SPAM\@B-);JN<D-;#1,=,YQZ8\F1GWG\U9_)72W
M$QOU-?[M?',((CEG,<(.!DA@W;G!Z'OZ[K1V?26GK`6OM=GI::1HP)1'F3&,
M8YSEW;U0<[TWI=UUUG;K_9M*R::M5*]TAGFF<V:I'+@-$62&@YWVP1D\QZ+K
MB(@(B("*IOVI[-IJE=47:OBI\-RV,NS(_P#TMZGHL=R:HXDN>V?Q]/Z7E#N3
MP]JJL9L`'9^:UP)/3'8\P(*"\/$"V56IJ>P6>.2YU#I>6IDASX=,T!V7%V,$
M@@#'3?KV.K5=8[!;--VX6^TTK::G#N8M!)+G8`+B3N3L/N5B@*+7W.AM<(FK
MZN&F8X\K3*\-YCZ`=S]0W4I9W4NJM-622".[30S5<<K7P4K(_&G:_!PYK!DM
MV)\VW??=!XO>IZ^&3V/3MBJ;O6NA;,'$B*G:QW0F1Q`).#@#T[+!ZAU]Q!M;
MHJ2>ELU)7O<UK*.G)J*F5QVV8USL`YR,XZ8R3L="UFN-9U@\8S:7L1<XM$;N
M2NF;^SGKX9^[&_SME86C1FC-`XN`$%/,,@5M?..9N=L`NP&['&P!(.$&BLDU
M946&WSW&,QULE+&^H86\O+(6@N&.V^=E.5&S6VEY*>>H;?Z`Q4[N61_CMQGT
M'[WU8SE3[5>+;?*/VRUUL-7!S%A?$[(#AU!]#N-CZCU0341$!$1`1$0$1$!$
M1`1$0$1$&+XJ6:ZZ@TG\%VBWR5<\DS7DB2-C6!OJ7N'7.V,_8OG=K;>M4:LL
M%2ZS36NBM,YJ'U-1-"Z5Y(^8UK'.\IY6@G/?ILMPB#`72R6:]\0X325<52VI
MC(O-)'R2L?X#FF/Q.[3S@-(/S@PC&Q6MBJ;N[4,]-+;XV6ID#715?BCG?)G=
MO)UP!G?;[>WUH+/;;9/53T-%#3RULIEJ)&-PZ5Q).7'ON3]Y]4NUGM]\HC17
M.E954Y<'F-^<9!R.B":BRK>&6BV2OD&GZ;FDQD%SB!CT!.!]G5>_DWT;_#U'
M_*?ZH-.BS'R;Z-_AZC_E/]5,9I&U1,;'#)<X8V`-9'%=JIC&`=`UHD``'8#8
M((>M->6S1-*QU;%/-4SL<:>&-A`D(QL7G8#)&>I`/0KD57)K'BE>HJF:QU,M
MLC.8:=LG@0,R!N9'#S'H3C<@[876)^&6E:V*..OI*NN$1/(:FX3OY<X&WGP-
MFM&W9H]%)DT#IZ66>62*N?)4Q>#.]UTJB96?NN/B;MWZ'9!G[)H74YLE/073
M5,]MIX6AK*.T`,\-HWQXQRXG\O?E6MLX7:0MLAF-J;6SDDNEKG&8N)ZDAWES
M]B]T_#'2-+3STU-;IX8*D`3Q1U]0ULH&<!P$F'8R>OJOE\D^AA*V3X!9S-Q@
M>T2XVZ9'-@]-\]>Z"YNFI-/Z<@(N-SHZ-L3=H2\<^`!LU@W.Q&P"P.M>+MPM
M,+19[!5113M'A5]PIY(F..^>1A`YML$'/?HM4WA?HEK2T6"#!<';O>3D8[\W
M3;ITZ^I7MG#31D;&L&GJ4AH`'-S$_:2<E!RS2M]GFNL.J'B^ZHU%RNC%/3P\
ME-"TG'*]^#@`/+L!H:''_J.QO.HN)SK+)<J+35+0L80?9R75-2X$@##6C&V<
MG(Z>Y:/Y-]&_P]1_RG^JR'$VR:9T=I=E?;],VZ2HGJ6T[3*UQ;'EKG<V,[GR
M_GWZ$*.GU=Q*M%G?4W::GH632OD;/=PV.1V`,LCB`YL=]FD=,8[VO#S7M[JJ
MZLKM67ZB9:!"X0/E\*'Q)`X?,&`YPP'?EW4'0/"FRZGTY3Z@NE14E]8Z1PIZ
M?EC9'RR.;CH2?F]L8RMNWA#H4-`-D+B!U-7-O_O02:7B1IRXW:"V6J:IN4\L
M@8\TE*]S(0?VGN(`#?K&<=U?7CX2^!ZKX'\'V_PC[/XWS.;ME5M-HNS4=.RF
MI77."",89%%=ZMK6CT`$F`O4VCK34P203R726*5I9)&^[U;FO:1@@@R;@CL@
MYG3\,>(-9?VZBK[S;6W$`O9),T3.8\`\F&&,L`R!N/FYR!D85_%%QAI*^EBD
MGM%=!S`2RCE:TCJ>;RAP]/*WOT6B9PXTM$^"2.CJF/I@!"YMQJ08@,X#?\3;
M',[&/WCZK#\3[-IG1UEIWT]@]K?62MCQ47"I+&^&S#"6B3S<K26C<8!P$'0-
M-U-YI-./K=8S4U+5>*]\I\1K8X69PT9S@#`SU[[[Y5%J3C#IBQL?'13_``O5
M#81TKO\`#S]<G3'^GF]RY=PVT4W7DEQ9672II:2D=`Z2"+?Q<AX;NXD#E`(&
M0=G'[>M-X0Z%#0#9"X@=35S;_P"]!B9M:<3]7ET=@L4EOIGDEDC(L''H99,-
M)]P'56.C]`:NM\DM;-):[373L<7W![7UM6Y[L$YYG^&,DDDC?(WR#E:;Y(M"
M?\B_[N?_`.UZCX3:&C+BVPM/,TM/-4S.V/O?L?KZH/_1VE3PZCNL;V7W4E\N
M3)1B2`U(B@=YN8'PV-`V./[QCBEJT=<-8:JJ**EML]L8R<,E$G-(RCC:,.:7
M..2X>4!O?Z@NWMX5Z(;4"<6"+F!)P99"W?/[/-COZ;?8K&'1UIIH(X()+I%%
M$T,CC9=ZMK6-`P``)-@!V09:7@CI<V<T4#JB.I<YI-:]W._`Z@#9H!]V54V'
MACKC3\]30VS5-)06NHE+GRQ1\\Q`SR'E+1@],@/QN>O??1:0H(R[FN%[EYCM
MSWBJ\ONQ(/S7T^*EN^DW?\9J_P!5!SV\Z#UY:;Q07JRW^HOM12GF='63EGF)
M'.T-+N4,<`,C(Z>Y0OEQO5LN$MON^G*:2JIWNAE93U!;B0'!&?./48&?>NG_
M`!4MWTF[_C-7^JH]/H2PTM1/4TS+A#/4D&>6.ZU372D9P7$29=C)Z^J"UL]Q
M^%[/2W'V::E]IB$G@S-P]F>Q4U4OQ4MWTF[_`(S5_JI\5+=])N_XS5_JH+I%
M2_%2W?2;O^,U?ZJ]'2]O+`SVB[8!)_XQ5YWQW\3/;^\H+A%3MTS11[QU5U:X
M`\KC=:E^"1C.'/(/V@A':>:YC&B[75I:#EPJSEV_?(Q]V$%PB\11B*)D8<YP
08T-YGG)..Y/<KV@(B(/_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----