-----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,
 TvmXJR13LGqHsFZDddXrlJ/1ptdiVU5Ayovz2Nx7f6spf8U37CYuh85dTDudlr5Z
 PjTFjGksJ0xvdlpfwt0yuQ==

<SEC-DOCUMENT>0000000000-07-052906.txt : 20071214
<SEC-HEADER>0000000000-07-052906.hdr.sgml : 20071214
<ACCEPTANCE-DATETIME>20071030082715
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-07-052906
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20071030

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHORE BANCSHARES INC
		CENTRAL INDEX KEY:			0001035092
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521974638
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
		BUSINESS PHONE:		4108221400

	MAIL ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C4R(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$S
M,S@S+T\@-30O12`V-C,S+TX@,2]4(#$R,CDV+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HU,B`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DW(#`P,#`P(&X-"C`P,#`P,#$Q-C(@
M,#`P,#`@;@T*,#`P,#`P,30P-"`P,#`P,"!N#0HP,#`P,#`Q.#,Y(#`P,#`P
M(&X-"C`P,#`P,#$X-S,@,#`P,#`@;@T*,#`P,#`P,CDY-"`P,#`P,"!N#0HP
M,#`P,#`S,SDX(#`P,#`P(&X-"C`P,#`P,#8P-C<@,#`P,#`@;@T*,#`P,#`P
M-C,P.2`P,#`P,"!N#0HP,#`P,#`V-34W(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#8U+U!R978@,3(R.#4O6%)E9E-T;2`W,S$O4F]O="`U,R`P(%(O26YF;R`V
M(#`@4B])1%L\1D$U,3DU-D$Q1$)$.3@V-T0Y04,X1$%#,#(Y-3A%-34^/#DY
M,C!",T8W-T0W-#4S-$(X.#=!0T9$-S4T,C)&1C`Y/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8T(#`@;V)J/#PO3&5N9W1H(#@V+T,@.34O1FEL
M=&5R+T9L871E1&5C;V1E+TD@,3$W+TP@-SDO4R`S.3X^<W1R96%M#0IXVF)@
M8.!D8&"^S0`$HO$,J(`)B%D8.`XP""`)<D(Q`X,2`P\OXT0&%GMQ+6]>AFM,
M"V":9#9#-5L`,2,#@Z05A&:NA)O"QL"@%PP19?@-$&``$-<(S`T*96YD<W1R
M96%M#65N9&]B:@TV,R`P(&]B:CP\+TQE;F=T:"`R,"]&:6QT97(O1FQA=&5$
M96-O9&4O5ULQ(#$@,5TO26YD97A;-R`T-5TO1&5C;V1E4&%R;7,\/"]#;VQU
M;6YS(#,O4')E9&EC=&]R(#$R/CXO4VEZ92`U,B]4>7!E+UA2968^/G-T<F5A
M;0T*>-IB8F)D8&)@8!Q*&"#``#(8`(H-"F5N9'-T<F5A;0UE;F1O8FH--3,@
M,"!O8FH\/"]-87)K26YF;SP\+TQE='1E<G-P86-E1FQA9W,@,"]-87)K960@
M=')U93X^+TUE=&%D871A(#4@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$1CP\
M+TQA<W1-;V1I9FEE9"A$.C(P,#<Q,#,P,#@R-C,W*3X^/CXO4&%G97,@-"`P
M(%(O4&%G94QA>6]U="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@-R`P(%(O
M5'EP92]#871A;&]G+TQA;F<H14XM55,I+TQA<W1-;V1I9FEE9"A$.C(P,#<Q
M,#,P,#@R-C,W*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J#34T(#`@;V)J
M/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#0@,"!2+U-T<G5C=%!A
M<F5N=',@,"]#;VYT96YT<R`U-R`P(%(O4F]T871E(#`O365D:6%";WA;,"`P
M(#8Q,B`W.3)=+U)E<V]U<F-E<SP\+T-O;&]R4W!A8V4\/"]#4S`@-38@,"!2
M/CXO1F]N=#P\+U14,"`U-2`P(%(O5%0Q(#4X(#`@4CX^+U!R;V-3971;+U!$
M1B]497AT72]%>'1'4W1A=&4\/"]'4S`@-C(@,"!2/CX^/B]4>7!E+U!A9V4^
M/@UE;F1O8FH--34@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#8P(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P,"`U,#`@
M-3`P(#4P,"`U,#`@-3`P(#4P,"`P(#(W."`P(#`@,"`P(#`@,"`W,C(@-C8W
M(#`@-S(R(#8Q,2`U-38@,"`P(#,S,R`P(#<R,B`V,3$@.#@Y(#`@-S(R(#4U
M-B`P(#8V-R`U-38@,"`P(#`@.30T(#`@,"`P(#`@,"`P(#`@,"`P(#0T-"`U
M,#`@-#0T(#4P,"`T-#0@,S,S(#4P,"`U,#`@,C<X(#`@-3`P(#(W."`W-S@@
M-3`P(#4P,"`U,#`@,"`S,S,@,S@Y(#(W."`U,#`@-3`P(#<R,B`P(#4P,%TO
M0F%S949O;G0O5&EM97-.97=2;VUA;E!3350O1FER<W1#:&%R(#,R+T5N8V]D
M:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH--38@,"!O
M8FI;+TE#0T)A<V5D(#4Y(#`@4ET-96YD;V)J#34W(#`@;V)J/#PO3&5N9W1H
M(#$P-3$O1FEL=&5R+T9L871E1&5C;V1E/CYS=')E86T-"DB)E%==;YM(%'WW
MK[B/(,5D/I@!5E6E3>RNNJVW58U45=$^4#*NV=H0`6F4_?5[+U^.DQD[&S\,
M$'3._3CWS'#Y&=Z\N5Q=OU\`@[=OKQ;7,+N\7C/(&WQ`/VCR<L:AP.=_X/,?
MS>PJG5VF*0,.Z68F@DA!FN.+Z0.]G3;`&:W_TJ,:N.A0<$D81"P.$@WI?N8!
M@)_^,UNFL^6*.`]Q\#&.(QY&)$=@.E$!'\`<4,(*=4"1(@0=\T">AI'VB`+&
M6$AAS>E2)%2!)]A1#%I'@>JQ/^5M]=W4(-D%",8B%U?HSIX=$X0<@U<RB$X'
MK\[4@"HIDZDM#A3]"A2AQWZLLF('Z[:Z@U!I[L*,CC&Y#9.+`'MT*K+8&MDH
MRR,TE<1#.VX0CG.A:(DC16KL_OR_TS]M)(F5I.M[?%#`<7^(,`Z']MQX:U]Z
M][[PFJR$90`?3?;+U&U5.CDY.T':SQQ>2?62-6)#.V^\SW51YL5=MH/?\[RZ
M+]NB_`&?-K[R-D6.<G22VZ>P(T^B*64F7[*K:)`!YKRM:N//M0=7&2UEWOAS
MY6VSVC07\-Z?1_@H<`=AG]^^`GJL@"V&4(XSS6-89DT+BPK+C9JLC6F=SF,?
M])XO'OFXA4\DD["(K2HO8)75E/*CS[U=5MZ"X)IQ=ZJOGWOBX^K<V'-EG2[*
MA;.N=CQ@FH)^BLV%!L5X$(=],E^6O_GSV`-L)"53&YP7IIDWMI,ZV&R[I/HJ
M\4D:O//#F.+$!&YGWM#TKN&.F+4S9A9'8_W%,\5SC5X8QP$;8GY7U7L<GOD'
MV%0UO"N:G#2'$_#-8$LHU"==Y`%'H^@"1$]8EK?F%A8F-WO*K_-KWOFU=G?.
M;F/]I,A)-):8HW#P-HRYV"'QJ@L4!5-W(6_QM7&S<)'')\@G;EO!-`O"WEB)
M&_ZJ`L!1F@LA0^7LC]T&'2(-0WU.I,)N<>-4NTTFE&*RN`6V%5;-$TM%=T/9
M"L]9-G'BC&%)A"=G#QIVI^JB/XP$2UYB,S4X%6U)<Q$I[GTUL,5,(*_V=SO3
MHC"J^QIJ\ZLP#U!MX)%N)R'3MC/B]SL0GK'XI&F:!A\G&`>"AO4#D!=U\&4%
MF_NZW:+(D8E>,F7;'(#YP>;I\@'F`_(<AT;UZ%D+[=:/O**!MMBC-W@&Y>MV
M=.$X2MD++Z-H4I"S\G;CM.[_4LM)->..O_:[FA>XA+%7TAWS<KI+,)=NJ?O_
MT9T*O5U_]]B_>=$O[H3MQZ^7IUFI6(`J.BFR5QS"I-1!>`8F^A\5$R+08CRP
M#V<D!ZS](/9\!/C+4[+$KX*X)_EBOIN?V1:N=ME/LS./L*HJVG0<E`X_.CZ8
MT^5S2H'?#JRG7)NRP'UB.!YEI?-T(!UF9=>NP,^*,_V4=A<ZAL$O"%L__Q-@
M`/TE!JH-"F5N9'-T<F5A;0UE;F1O8FH--3@@,"!O8FH\/"]3=6)T>7!E+U1R
M=654>7!E+T9O;G1$97-C<FEP=&]R(#8Q(#`@4B],87-T0VAA<B`Q,34O5VED
M=&AS6S(U,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U
M,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#`@,"`S,S,@,"`P(#`@
M,"`P(#`@,"`V-C<@,"`W,C(@-C8W(#8Q,2`P(#`@,S@Y(#`@-S<X(#`@.30T
M(#<R,B`P(#`@,"`W,C(@-34V(#`@,"`P(#`@,"`W,C(@,"`P(#`@,"`P(#`@
M,"`U,#`@-34V(#0T-"`U-38@-#0T(#,S,R`P(#4U-B`R-S@@,"`P(#(W."`X
M,S,@-34V(#4P,"`P(#`@-#0T(#,X.5TO0F%S949O;G0O5&EM97-.97=2;VUA
M;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D
M:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TU.2`P(&]B:CP\+TQE;F=T:"`R-3<U
M+T9I;'1E<B]&;&%T941E8V]D92].(#,O06QT97)N871E+T1E=FEC95)'0CX^
M<W1R96%M#0I(B9R6>513=Q;'?V_)GI"5L,-C#5N`L`:0-6QAD1T$40A)"`$2
M0DC8!4%$!11%1(2JE3+6;71&3T6=+JYCK0[6?>K2`_4PZN@XM!;7CIT7.$>=
M3F>FT^\?[_<Y]W?O[]W?O?>=\P"@)Z6JM=4P"P"-UJ#/2HS%%A448J0)``,*
M(`(1`#)YK2XM.R$'X)+&2[!:W`G\BYY>!Y!IO2),RL`P\/^)+=?I#0!`&3@'
M*)2U<IP[<:ZJ-^A,]AF<>:65)H91$^OQ!'&V-+%JGKWG?.8YVL0*C5:!LREG
MG4*C,/%IG%?7&94X(ZDX=]6IE?4X7\79I<JH4>/\W!2K4<IJ`4#I)KM!*2_'
MV0]GNCXG2X+S`@#(=-4[7/H.&Y0-!M.E)-6Z1KU:56[`W.4>F"@T5(PE*>NK
ME`:#,$,FKY3I%9BD6J.3:1L!F+_SG#BFVF)XD8-%H<'!0G\?T3N%^J^;OU"F
MWL[3D\RYGD'\"V]M/^=7/0J`>!:OS?JWMM(M`(RO!,#RYEN;R_L`,/&^';[X
MSGWXIGDI-QAT8;Z^]?7U/FJEW,=4T#?ZGPZ_0.^\S\=TW)OR8''*,IFQRH"9
MZB:OKJHVZK%:G4RNQ(0_'>)?'?CS>7AG*<N4>J46C\C#ITRM5>'MUBK4!G6U
M%E-K_U,3?V783S0_U[BX8Z\!K]@'L"[R`/*W"P#ET@!2M`W?@=[T+962!S+P
M-=_AWOS<SPGZ]U/A/M.C5JV:BY-DY6!RH[YN?L_T60("H`(FX`$K8`^<@3L0
M`G\0`L)!-(@'R2`=Y(`"L!3(03G0`#VH!RV@'72!'K`>;`+#8#L8`[O!?G`0
MC(./P0GP1W`>?`FN@5M@$DR#AV`&/`6O(`@B00R("UE!#I`KY`7Y0V(H$HJ'
M4J$LJ``J@520%C)"+=`*J`?JAX:A'=!NZ/?04>@$=`ZZ!'T%34$/H.^@ES`"
MTV$>;`>[P;ZP&(Z!4^`<>`FL@FO@)K@37@</P:/P/O@P?`(^#U^#)^&'\"P"
M$!K"1QP1(2)&)$@Z4HB4(7JD%>E&!I%19#]R##F+7$$FD4?("Y2(<E$,%:+A
M:!*:B\K1&K05[46'T5WH8?0T>@6=0F?0UP0&P9;@10@C2`F+""I"/:&+,$C8
M2?B(<(9PC3!->$HD$OE$`3&$F$0L(%80FXF]Q*W$`\3CQ$O$N\19$HED1?(B
M19#223*2@=1%VD+:1_J,=)DT37I.II$=R/[D!'(A64ON(`^2]Y`_)5\FWR._
MHK`HKI0P2CI%06FD]%'&*,<H%RG3E%=4-E5`C:#F4"NH[=0AZG[J&>IMZA,:
MC>9$"Z5ETM2TY;0AVN]HG].F:"_H'+HG74(OHAOIZ^@?TH_3OZ(_83`8;HQH
M1B'#P%C'V,TXQ?B:\=R,:^9C)C53F+69C9@=-KML]IA)8;HR8YA+F4W,0>8A
MYD7F(Q:%Y<:2L&2L5M8(ZRCK!FN6S66+V.EL#;N7O8=]CGV?0^*X<>(Y"DXG
MYP/.*<Y=+L)UYDJX<NX*[ACW#'>:1^0)>%)>!:^']UO>!&_&G&,>:)YGWF`^
M8OZ)^20?X;OQI?PJ?A__(/\Z_Z6%G46,A=)BC<5^B\L6SRQM+*,ME9;=E@<L
MKUF^M,*LXJTJK398C5O=L4:M/:TSK>NMMUF?L7YDP[,)MY';=-L<M+EI"]MZ
MVF;9-MM^8'O!=M;.WB[13F>WQ>Z4W2-[OGVT?87]@/VG]@\<N`Z1#FJ'`8?/
M'/Z*F6,Q6!4VA)W&9AQM'9,<C8X['"<<7SD)G'*=.IP..-UQICJ+G<N<!YQ/
M.L^X.+BDN;2X['6YZ4IQ%;N6NVYV/>OZS$W@EN^VRFW<[;[`4B`5-`GV"FZ[
M,]RCW&O<1]VO>A`]Q!Z5'EL]OO2$/8,\RSU'/"]ZP5[!7FJOK5Z7O`G>H=Y:
M[U'O&T*Z,$98)]PKG/+A^Z3Z=/B,^SSV=?$M]-W@>];WM5^07Y7?F-\M$4>4
M+.H0'1-]Y^_I+_<?\;\:P`A("&@+.!+P;:!7H#)P6^"?@[A!:4&K@DX&_2,X
M)%@?O#_X08A+2$G(>R$WQ#QQAKA7_'DH(30VM"WTX]`78<%AAK"#87\/%X97
MAN\)O[]`L$"Y8&S!W0BG"%G$CHC)2"RR)/+]R,DHQRA9U&C4-]'.T8KHG='W
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M@RQ=-BJ;+966OE<Z(Y?(-\L?*J(5`XH'R@AEO_)>6419?]E]581JH^I!>53Y
M8/DCM40]K/ZV(JEB>\6SRO3*#RM_K,JO.J`A:THT1[4<;:7V=+5]=4/U)9V7
MKDLW61-6LZEF1I^BWUD+U2ZI/6+@X3]3%XSNQI7&J;K(NI&ZY_5Y]8<:V`W:
MA@N-GHUK&N\U)33]IAEMEC>?;'%L:6^96A:S;$<KU%K:>K+-N:VS;7IYXO)=
M[=3VRO8_=?AU]'=\OR)_Q;%.N\[EG7=7)J[<VV76I>^ZL2I\U?;5Z&KUZHDU
M`6NVK'G=K>C^HL>O9[#GAUYY[Q=K16N'UOZXKFS=1%]PW[;UQ/7:]=<W1&W8
MU<_N;^J_NS%MX^$!;*![X/M-Q9O.#08.;M],W6S</#F4^D\`I`%;_IBXF229
MD)G\FFB:U9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&VHB:BEJ,&
MHW:CYJ16I,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6KZ:Q<K-"M
M1*VXKBVNH:\6KXNP`+!UL.JQ8+'6LDNRPK,XLZZT);2<M1.UBK8!MGFV\+=H
MM^"X6;C1N4JYPKH[NK6[+KNGO"&\F[T5O8^^"KZ$OO^_>K_UP'#`[,%GP>/"
M7\+;PUC#U,11Q,[%2\7(QD;&P\=!Q[_(/<B\R3K)N<HXRK?+-LNVS#7,M<TU
MS;7.-LZVSS?/N-`YT+K1/-&^TC_2P=-$T\;42=3+U4[5T=95UMC77-?@V&38
MZ-ELV?':=MK[VX#<!=R*W1#=EMX<WJ+?*=^OX#;@O>%$X<SB4^+;XV/CZ^1S
MY/SEA.8-YI;G'^>IZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O0._,\%CP
MY?%R\?_RC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW_`?\F/TI
M_;K^2_[<_VW__P(,`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#38P(#`@;V)J
M/#PO4W1E;58@.#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3350O1F]N=%-T
M<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-#`P+T9L86=S(#,T+T1E<V-E;G0@
M+3(Q-B]&;VYT0D)O>%LM-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E;G0@.#DQ
M+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(
M96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^
M/@UE;F1O8FH--C$@,"!O8FH\/"]3=&5M5B`Q,S8O1F]N=$YA;64O5&EM97-.
M97=2;VUA;E!3+4)O;&1-5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H
M="`W,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU-3@@+3,P
M-R`R,#`P(#$P,C9=+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@
M4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E
M<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TV,B`P(&]B:CP\+T]0
M32`Q+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E
M+U--(#`N,#(^/@UE;F1O8FH-,2`P(&]B:CP\+T9I<G-T(#,T-2],96YG=&@@
M-SDT+T9I;'1E<B]&;&%T941E8V]D92].(#0U+U1Y<&4O3V)J4W1M/CYS=')E
M86T-"GC:W);;3ALQ$(9?Q9?M!?5Z?%BOA"*%0UH*!$12]0+U8@&3K@B[T;)I
MX>W[V\YRZ$UB51%2)9+1V+^_&<_8,3G+F&56L8))14QD3!K!A&!&P"-F9<Z$
M9-9B$"+23&A6F(()`S%F!.8SC2^+51E4F!)*,\I@;<$(0R0E(X_+<T98(N&0
M@C7P050(1.`I<`@H#0Z!IY5A!)XN!)/@&6F8!,\@&PE>CD72IY`C;?`L<I/@
M6>.W@50R^.`5&CYX10$?*64J8_BCS&JF$$H`CLV3R.'[5)&\4K`&/K8B;<Y\
M*AIU44C1YZ$L4C62*?`LYGT(7P^-U`2"[>[R8U0V8Q?\O&Q=W4U;YU#EMP-C
M]]@=NR<F^$4S=Z?EPG?`2Z9/"\<G7;N\#KJ+IND&`\^\1*T@\$T)1D6CHS'1
MY-'8:$)0WY!@1#210I%"D4*10I%"D4*10I$B(T5&BHP4&2DR4F2DR$B1D2(C
M14:*BA05*2I25*#\X.<L+.$3/G'7'3\IZ]F'P_'.Y[V/H0+CY?W#I3]<01V&
MCNIY5;O)SQ(U&U6S9>OX0=LL]LM%[YXM.R_ADT59\\GRZN&ZK19=[RY<^WI@
M>C;$9Q^?4;!H0W7GFF4_C9[M-8_\H/K%QTU[7\[Y.3^L;^JF<QC`UPC=>O&^
MU3>N?8D^:N;SYK>[^8(.^^&[/NCHR$<[XJ.VO'>!/JVZN0/\S<Z0710.!O_]
M64!OA_XF^N-PS#(<#;LZ&GWA9TR'Z7`.7FG%>JT6*RUMH,U66KE!#L5*JQ+R
MU0E:DZ#-$[1V`ZU=:8L$K<A2Q")%3"EBF7)^7C=O=0__UN:]=I/FF5YL4L1Y
MBMBF[*]($%.VOAC/6I$"IA1Q2O\HY?)1RNVCE.M'FS10]V*;(DYIH$SYZ91K
M.X@'Z]H-;SO7LNQ3%A[$X;R:X2GMRK;C9WBSG_QS^;VMNJJ>G38WCI^TTZNX
M<,_=-JU[7GF$Y['N@HM'])478"_^.T7&/W?K8G]=/G35[=,VHN>TU>`[TKQG
M^'_L^19C2U);/'%KJDYZ;=GWH7/M5J*'LO\18`#MSZ[O#0IE;F1S=')E86T-
M96YD;V)J#3(@,"!O8FH\/"].=6US6S`@,R`P(%)=/CX-96YD;V)J#3,@,"!O
M8FH\/"]3+T0^/@UE;F1O8FH--"`P(&]B:CP\+T-O=6YT(#$O5'EP92]086=E
M<R]+:61S6S4T(#`@4ET^/@UE;F1O8FH--2`P(&]B:CP\+U-U8G1Y<&4O6$U,
M+TQE;F=T:"`T,S(Y+U1Y<&4O365T861A=&$^/G-T<F5A;0T*/#]X<&%C:V5T
M(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR95-Z3E1C>FMC.60B/SX*
M/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B93IN<SIM971A+R(@>#IX;7!T:STB
M,RXQ+3<P,2(^"B`@(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO+W=W=RYW
M,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^"B`@("`@(#QR9&8Z
M1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D
M9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O,2XS+R(^"B`@("`@("`@(#QP
M9&8Z4')O9'5C97(^06-R;V)A="!$:7-T:6QL97(@-RXP+C4@*%=I;F1O=W,I
M/"]P9&8Z4')O9'5C97(^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@
M("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X
M;6QN<SIP9&9X/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9G@O,2XS+R(^"B`@
M("`@("`@(#QP9&9X.D-O;7!A;GD^4T5#/"]P9&9X.D-O;7!A;GD^"B`@("`@
M("`@(#QP9&9X.E-O=7)C94UO9&EF:65D/D0Z,C`P-S$P,S`Q,C(S-#$\+W!D
M9G@Z4V]U<F-E36]D:69I960^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@
M("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@
M("!X;6QN<SIX87`](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/@H@
M("`@("`@("`\>&%P.D-R96%T;W)4;V]L/D%C<F]B870@4$1&36%K97(@-RXP
M+C<@9F]R(%=O<F0\+WAA<#I#<F5A=&]R5&]O;#X*("`@("`@("`@/'AA<#I-
M;V1I9GE$871E/C(P,#<M,3`M,S!4,#@Z,C8Z,S<M,#0Z,#`\+WAA<#I-;V1I
M9GE$871E/@H@("`@("`@("`\>&%P.D-R96%T941A=&4^,C`P-RTQ,"TS,%0P
M.#HR-CHS-"TP-#HP,#PO>&%P.D-R96%T941A=&4^"B`@("`@("`@(#QX87`Z
M365T861A=&%$871E/C(P,#<M,3`M,S!4,#@Z,C8Z,S<M,#0Z,#`\+WAA<#I-
M971A9&%T841A=&4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN
M<SIX87!-33TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+VUM+R(^"B`@
M("`@("`@(#QX87!-33I$;V-U;65N=$E$/G5U:60Z8C!F93<P-V$M96%E9BTT
M8C5C+6(X8F8M,S`U9#EB,CDR.3$S/"]X87!-33I$;V-U;65N=$E$/@H@("`@
M("`@("`\>&%P34TZ26YS=&%N8V5)1#YU=6ED.F4Q.&-C96(Q+6$U93(M-#`V
M-BTX934R+61A9#<U83DT-3DQ93PO>&%P34TZ26YS=&%N8V5)1#X*("`@("`@
M("`@/'AA<$U-.E9E<G-I;VY)1#X*("`@("`@("`@("`@/')D9CI397$^"B`@
M("`@("`@("`@("`@(#QR9&8Z;&D^-SPO<F1F.FQI/@H@("`@("`@("`@("`\
M+W)D9CI397$^"B`@("`@("`@(#PO>&%P34TZ5F5R<VEO;DE$/@H@("`@("`\
M+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z
M86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R
M9R]D8R]E;&5M96YT<R\Q+C$O(CX*("`@("`@("`@/&1C.F9O<FUA=#YA<'!L
M:6-A=&EO;B]P9&8\+V1C.F9O<FUA=#X*("`@("`@("`@/&1C.G1I=&QE/@H@
M("`@("`@("`@("`\<F1F.D%L=#X*("`@("`@("`@("`@("`@/')D9CIL:2!X
M;6PZ;&%N9STB>"UD969A=6QT(CY293H\+W)D9CIL:3X*("`@("`@("`@("`@
M/"]R9&8Z06QT/@H@("`@("`@("`\+V1C.G1I=&QE/@H@("`@("`@("`\9&,Z
M8W)E871O<CX*("`@("`@("`@("`@/')D9CI397$^"B`@("`@("`@("`@("`@
M(#QR9&8Z;&D^<&%R<F%T=',\+W)D9CIL:3X*("`@("`@("`@("`@/"]R9&8Z
M4V5Q/@H@("`@("`@("`\+V1C.F-R96%T;W(^"B`@("`@("`@(#QD8SIS=6)J
M96-T/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D
M9CIL:2\^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]D8SIS
M=6)J96-T/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$
M97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z<&AO
M=&]S:&]P/2)H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O<VAO<"\Q+C`O(CX*
M("`@("`@("`@/'!H;W1O<VAO<#IH96%D;&EN93X*("`@("`@("`@("`@/')D
M9CI397$^"B`@("`@("`@("`@("`@(#QR9&8Z;&DO/@H@("`@("`@("`@("`\
M+W)D9CI397$^"B`@("`@("`@(#PO<&AO=&]S:&]P.FAE861L:6YE/@H@("`@
M("`\+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T
M83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^
M#0IE;F1S=')E86T-96YD;V)J#38@,"!O8FH\/"]#<F5A=&EO;D1A=&4H1#HR
M,#`W,3`S,#`X,C8S-"TP-"<P,"<I+T%U=&AO<BAP87)R871T<RDO0W)E871O
M<BA!8W)O8F%T(%!$1DUA:V5R(#<N,"XW(&9O<B!7;W)D*2]0<F]D=6-E<BA!
M8W)O8F%T($1I<W1I;&QE<B`W+C`N-2!<*%=I;F1O=W-<*2DO36]D1&%T92A$
M.C(P,#<Q,#,P,#@R-C,W+3`T)S`P)RDO0V]M<&%N>2A314,I+U-O=7)C94UO
M9&EF:65D*$0Z,C`P-S$P,S`Q,C(S-#$I+U1I=&QE*%)E.BD^/@UE;F1O8FH-
M>')E9@T*,"`U,@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`V-C,S(#`P
M,#`P(&X-"C`P,#`P,#<U,C(@,#`P,#`@;@T*,#`P,#`P-S4U-2`P,#`P,"!N
M#0HP,#`P,#`W-3<X(#`P,#`P(&X-"C`P,#`P,#<V,CD@,#`P,#`@;@T*,#`P
M,#`Q,C`S-"`P,#`P,"!N#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0IT<F%I;&5R#0H\/"]3:7IE(#4R/CX-"G-T87)T
2>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----