-----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,
 PbNMxi7MjjjJUg6DXbXGPc9zTVlCUVTKsZIh6fUW/SmBFl2A3+gIpmwWMo+sFY47
 DP0RJG/LC5/gd2+zMEl/ow==

<SEC-DOCUMENT>0000000000-06-031321.txt : 20061027
<SEC-HEADER>0000000000-06-031321.hdr.sgml : 20061027
<ACCEPTANCE-DATETIME>20060706141216
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-06-031321
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060706

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOG CUTTER CAPITAL GROUP INC
		CENTRAL INDEX KEY:			0001048566
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				522081138
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1631 SW COLUMBIA STREET
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97201
		BUSINESS PHONE:		5037216500

	MAIL ADDRESS:	
		STREET 1:		1310 S W 17TH ST
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WILSHIRE REAL ESTATE INVESTMENT TRUST INC
		DATE OF NAME CHANGE:	19971027
PUBLIC REFERENCE ACCESSION NUMBER:		0001104659-06-021312
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C4S(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$S
M-C,T+T\@-34O12`V-C,V+TX@,2]4(#$R-3(W+T@@6R`U-38@,3<T73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HU,R`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DV(#`P,#`P(&X-"C`P,#`P,#$Q-C$@
M,#`P,#`@;@T*,#`P,#`P,30P,R`P,#`P,"!N#0HP,#`P,#`Q.#(Q(#`P,#`P
M(&X-"C`P,#`P,#(R-C8@,#`P,#`@;@T*,#`P,#`P,C,P,"`P,#`P,"!N#0HP
M,#`P,#`S-#`Q(#`P,#`P(&X-"C`P,#`P,#8P-S`@,#`P,#`@;@T*,#`P,#`P
M-C,Q."`P,#`P,"!N#0HP,#`P,#`V-38P(#`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(#8V+U!R978@,3(U,38O6%)E9E-T;2`W,S`O4F]O="`U-"`P(%(O26YF;R`V
M(#`@4B])1%L\1#!!.$5$,D0Q,3DW03$S1$5!.3@R0S-&-#8T,4(W.#4^/#4R
M03A%-T5&1$8W,3E&-$%!0D)!-3!!.#<Q0CE!044Y/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8U(#`@;V)J/#PO3&5N9W1H(#@U+T,@.34O1FEL
M=&5R+T9L871E1&5C;V1E+TD@,3$W+TP@-SDO4R`S.3X^<W1R96%M#0IXVF)@
M8.!D8&"^S0`$HLD,J(`)B%D8.`Z@"')",0.#$@,/+V.#Y`8&IUW>O`D7F!;`
M-,E\AFJV`&)&!@9).PC-O!5N"AL#@]XSB"AC`$"``0"$EPJS#0IE;F1S=')E
M86T-96YD;V)J#38T(#`@;V)J/#PO3&5N9W1H(#(P+T9I;'1E<B]&;&%T941E
M8V]D92]76S$@,2`Q72]);F1E>%LW(#0V72]$96-O9&5087)M<SP\+T-O;'5M
M;G,@,R]0<F5D:6-T;W(@,3(^/B]3:7IE(#4S+U1Y<&4O6%)E9CX^<W1R96%M
M#0IXVF)B8F1@8F!@'&H8(,``-$D`C0T*96YD<W1R96%M#65N9&]B:@TU-"`P
M(&]B:CP\+TUA<FM);F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA<FME9"!T
M<G5E/CXO365T861A=&$@-2`P(%(O4&EE8V5);F9O/#PO36%R:V5D4$1&/#PO
M3&%S=$UO9&EF:65D*$0Z,C`P-C`W,#8Q,3(Q-#@I/CX^/B]086=E<R`T(#`@
M4B]086=E3&%Y;W5T+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`W(#`@4B]4
M>7!E+T-A=&%L;V<O3&%N9RA%3BU54RDO3&%S=$UO9&EF:65D*$0Z,C`P-C`W
M,#8Q,3(Q-#@I+U!A9V5,86)E;',@,B`P(%(^/@UE;F1O8FH--34@,"!O8FH\
M/"]#<F]P0F]X6S`@,"`V,3(@-SDR72]087)E;G0@-"`P(%(O4W1R=6-T4&%R
M96YT<R`P+T-O;G1E;G1S(#4Y(#`@4B]2;W1A=&4@,"]-961I84)O>%LP(#`@
M-C$R(#<Y,ETO4F5S;W5R8V5S/#PO0V]L;W)3<&%C93P\+T-3,"`U."`P(%(^
M/B]&;VYT/#PO5%0P(#4V(#`@4B]45#$@-3<@,"!2/CXO4')O8U-E=%LO4$1&
M+U1E>'1=+T5X=$=3=&%T93P\+T=3,"`V,R`P(%(^/CX^+U1Y<&4O4&%G93X^
M#65N9&]B:@TU-B`P(&]B:CP\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R
M:7!T;W(@-C$@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;,C4P(#`@,"`P(#`@
M,"`P(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P,"`U,#`@-3`P(#4P,"`P
M(#4P,"`P(#`@,"`U,#`@,S,S(#`@,"`P(#`@,"`P(#`@,"`W,C(@-S(R(#8V
M-R`V,3$@-S<X(#`@,S@Y(#`@-S<X(#`@,"`P(#`@,"`P(#<R,B`U-38@,"`P
M(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`U,#`@-34V(#0T-"`U-38@-#0T(#,S
M,R`U,#`@-34V(#(W."`P(#`@,C<X(#@S,R`U-38@-3`P(#4U-B`P(#0T-"`S
M.#D@,S,S(#4U-B`P(#`@,"`U,#!=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y0
M4RU";VQD350O1FER<W1#:&%R(#,R+T5N8V]D:6YG+U=I;D%N<VE%;F-O9&EN
M9R]4>7!E+T9O;G0^/@UE;F1O8FH--3<@,"!O8FH\/"]3=6)T>7!E+U1R=654
M>7!E+T9O;G1$97-C<FEP=&]R(#8R(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS
M6S(U,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@
M-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#`@-3`P(#(W."`P(#`@,"`P
M(#`@,"`W,C(@-C8W(#8V-R`W,C(@,"`U-38@-S(R(#`@,S,S(#,X.2`W,C(@
M-C$Q(#@X.2`W,C(@-S(R(#4U-B`P(#8V-R`U-38@,"`W,C(@-S(R(#DT-"`W
M,C(@,"`P(#`@,"`P(#`@,"`P(#0T-"`U,#`@-#0T(#4P,"`T-#0@,S,S(#4P
M,"`U,#`@,C<X(#`@,"`R-S@@-S<X(#4P,"`U,#`@-3`P(#`@,S,S(#,X.2`R
M-S@@-3`P(#4P,"`W,C(@,"`U,#!=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y0
M4TU4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP
M92]&;VYT/CX-96YD;V)J#34X(#`@;V)J6R])0T-"87-E9"`V,"`P(%)=#65N
M9&]B:@TU.2`P(&]B:CP\+TQE;F=T:"`Q,#,Q+T9I;'1E<B]&;&%T941E8V]D
M93X^<W1R96%M#0I(B91776^C.!1]SZ^XCR`%U]_`:#12FS2C=K8[HX;=6:G:
M!TJ<EE4*%9!6V5^_-H2P:3!D4K7$AIY[?,_Q]>7B!WS^?'$WNYD#AB]?KN8S
MF%S,EAB24D^8'RB3;$(@U?-?]?Q3.;F*)A=1A(%`M)Y@B!+]5/1N'HU*(-A<
M_S53!1!:0^@+PQ)\'*"`0_0R<<"-_IE<1Y/K.Q.OXT!:#D<QCF%D*!`>AJ''
M,*2!\3#"&-.:\/[;^P>*,B"(R1K[=KO9@9P"Q7K>$H?UQNE2TH&'&*3TD9"#
MO'DOWC&*8,@?1A%GH+`0A<,H\@P4*A%I4.[B=`/+*G\%+B2Q8?IG8!+:*F!#
M"<911!B,Y3H<\`AO/4+XB8PBX'L!'IP_;R[A#[1$<.=ZTKETJ7/S&US^/H?%
MY5]`/(&9YU/B28%U2OZ.;GLMCW_%1,+'8\(1T@]H%D8,JM=^_8@M_(.<!8)[
M!,LDKRHMJWI369EGUHC]^ZT.$W01@].(G.W%?G!FSZE:N]R!19K%69+&&_AN
MQN8W=3WB)*JP)]&R$P]BU@SH*0$:MCY9Y$\PVU:5CC*+7]-*Q_]:Y-O7:;WJ
MYO^;%6#D"R/-:N+<9`F".%O!<OM8IJLT+E)56M/4O[UKDK)+DSQE2<3!<H1K
MPRQ_NJ$#M\JX;KU6A=%F615*5?8,]5>%#QG"/7['9.^X!^='7E0;O=PI?'<#
MYU[['4*?#IF[OXI8S,V#H#6@-8=GE!#N\[$20H+>@V9\CW")$>=--NZO/X$V
M)F9XP#P6A]CR%=IYB0,O\H$7H1(XETCNB2WRXD7;U/L&Z[R`ZEG!3L6N=`JS
MO52V4BN8JT2]/&JZC)@C3M_4^#96%/>SZE&QIL)H>\XOTHV"+$>`/<I"8CT8
M:'_-.DX]"<?<00<*$>MD9:>R8M%:9J[B`DS].Y2]3]9POW3^Z_6/G4ETH$*P
M0?F9[[=MP4\%S_&;@B1_>=VH2HN=;PLHU%NJWB%?P\X,#8&N'?+^UP\)%))]
M>6N<I'>Z,9/K^<ZWVLF%VL0&=IUNTNRI-'.N<&"5:Z6K:>.BKI)Y)*@1/8+T
MWQHUKK0ITQ*JU(`K4]RG#><XV\%Z6VC+%H;__K9TLJI$=GM:2IM%!H&1]LF@
M#&?T/HQ)Q$=@^FL5-<>'IG8,1RF2M-F^4'^6+O4%T4<?]7G@9&:$G<2,0IV3
M^E(T]\Q(<&?3C';-D]/F8D]:?Q>%3YF9KGUDH?V]U!$,-5W[,`SK[X1.\V4Z
M=:H[]5;&YF-#'6B'_,[\_NG+`-4-.]]KTA0#N(V37-?*1WL%9T/O'O+P[B%[
MPNG.OK&`<U7H#N@9ZI;(NJ[SBT^-KCO^$1G9&:\?5+?\8S*>\?Y!=9??MPG_
M$V``W>LZ%PT*96YD<W1R96%M#65N9&]B:@TV,"`P(&]B:CP\+TQE;F=T:"`R
M-3<U+T9I;'1E<B]&;&%T941E8V]D92].(#,O06QT97)N871E+T1E=FEC95)'
M0CX^<W1R96%M#0I(B9R6>513=Q;'?V_)GI"5L,-C#5N`L`:0-6QAD1T$40A)
M"`$20DC8!4%$!11%1(2JE3+6;71&3T6=+JYCK0[6?>K2`_4PZN@XM!;7CIT7
M.$>=3F>FT^\?[_<Y]W?O[]W?O?>=\P"@)Z6JM=4P"P"-UJ#/2HS%%A448J0)
M``,*(`(1`#)YK2XM.R$'X)+&2[!:W`G\BYY>!Y!IO2),RL`P\/^)+=?I#0!`
M&3@'*)2U<IP[<:ZJ-^A,]AF<>:65)H91$^OQ!'&V-+%JGKWG?.8YVL0*C5:!
MLREGG4*C,/%IG%?7&94X(ZDX=]6IE?4X7\79I<JH4>/\W!2K4<IJ`4#I)KM!
M*2_'V0]GNCXG2X+S`@#(=-4[7/H.&Y0-!M.E)-6Z1KU:56[`W.4>F"@T5(PE
M*>NKE`:#,$,FKY3I%9BD6J.3:1L!F+_SG#BFVF)XD8-%H<'!0G\?T3N%^J^;
MOU"FWL[3D\RYGD'\"V]M/^=7/0J`>!:OS?JWMM(M`(RO!,#RYEN;R_L`,/&^
M';[XSGWXIGDI-QAT8;Z^]?7U/FJEW,=4T#?ZGPZ_0.^\S\=TW)OR8''*,IFQ
MRH"9ZB:OKJHVZK%:G4RNQ(0_'>)?'?CS>7AG*<N4>J46C\C#ITRM5>'MUBK4
M!G6U%E-K_U,3?V783S0_U[BX8Z\!K]@'L"[R`/*W"P#ET@!2M`W?@=[T+962
M!S+P-=_AWOS<SPGZ]U/A/M.C5JV:BY-DY6!RH[YN?L_T60("H`(FX`$K8`^<
M@3L0`G\0`L)!-(@'R2`=Y(`"L!3(03G0`#VH!RV@'72!'K`>;`+#8#L8`[O!
M?G`0C(./P0GP1W`>?`FN@5M@$DR#AV`&/`6O(`@B00R("UE!#I`KY`7Y0V(H
M$HJ'4J$LJ``J@520%C)"+=`*J`?JAX:A'=!NZ/?04>@$=`ZZ!'T%34$/H.^@
MES`"TV$>;`>[P;ZP&(Z!4^`<>`FL@FO@)K@37@</P:/P/O@P?`(^#U^#)^&'
M\"P"$!K"1QP1(2)&)$@Z4HB4(7JD%>E&!I%19#]R##F+7$$FD4?("Y2(<E$,
M%:+A:!*:B\K1&K05[46'T5WH8?0T>@6=0F?0UP0&P9;@10@C2`F+""I"/:&+
M,$C82?B(<(9PC3!->$HD$OE$`3&$F$0L(%80FXF]Q*W$`\3CQ$O$N\19$HED
M1?(B19#223*2@=1%VD+:1_J,=)DT37I.II$=R/[D!'(A64ON(`^2]Y`_)5\F
MWR._HK`HKI0P2CI%06FD]%'&*,<H%RG3E%=4-E5`C:#F4"NH[=0AZG[J&>IM
MZA,:C>9$"Z5ETM2TY;0AVN]HG].F:"_H'+HG74(OHAOIZ^@?TH_3OZ(_83`8
M;HQH1B'#P%C'V,TXQ?B:\=R,:^9C)C53F+69C9@=-KML]IA)8;HR8YA+F4W,
M0>8AYD7F(Q:%Y<:2L&2L5M8(ZRCK!FN6S66+V.EL#;N7O8=]CGV?0^*X<>(Y
M"DXGYP/.*<Y=+L)UYDJX<NX*[ACW#'>:1^0)>%)>!:^']UO>!&_&G&,>:)YG
MWF`^8OZ)^20?X;OQI?PJ?A__(/\Z_Z6%G46,A=)BC<5^B\L6SRQM+*,ME9;=
ME@<LKUF^M,*LXJTJK398C5O=L4:M/:TSK>NMMUF?L7YDP[,)MY';=-L<M+EI
M"]MZVF;9-MM^8'O!=M;.WB[13F>WQ>Z4W2-[OGVT?87]@/VG]@\<N`Z1#FJ'
M`8?/'/Z*F6,Q6!4VA)W&9AQM'9,<C8X['"<<7SD)G'*=.IP..-UQICJ+G<N<
M!YQ/.L^X.+BDN;2X['6YZ4IQ%;N6NVYV/>OZS$W@EN^VRFW<[;[`4B`5-`GV
M"FZ[,]RCW&O<1]VO>A`]Q!Z5'EL]OO2$/8,\RSU'/"]ZP5[!7FJOK5Z7O`G>
MH=Y:[U'O&T*Z,$98)]PKG/+A^Z3Z=/B,^SSV=?$M]-W@>];WM5^07Y7?F-\M
M$4>4+.H0'1-]Y^_I+_<?\;\:P`A("&@+.!+P;:!7H#)P6^"?@[A!:4&K@DX&
M_2,X)%@?O#_X08A+2$G(>R$WQ#QQAKA7_'DH(30VM"WTX]`78<%AAK"#87\/
M%X97AN\)O[]`L$"Y8&S!W0BG"%G$CHC)2"RR)/+]R,DHQRA9U&C4-]'.T8KH
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MV5/R@RQ=-BJ;+966OE<Z(Y?(-\L?*J(5`XH'R@AEO_)>6419?]E]581JH^I!
M>53Y8/DCM40]K/ZV(JEB>\6SRO3*#RM_K,JO.J`A:THT1[4<;:7V=+5]=4/U
M)9V7KDLW61-6LZEF1I^BWUD+U2ZI/6+@X3]3%XSNQI7&J;K(NI&ZY_5Y]8<:
MV`W:A@N-GHUK&N\U)33]IAEMEC>?;'%L:6^96A:S;$<KU%K:>K+-N:VS;7IY
MXO)=[=3VRO8_=?AU]'=\OR)_Q;%.N\[EG7=7)J[<VV76I>^ZL2I\U?;5Z&KU
MZHDU`6NVK'G=K>C^HL>O9[#GAUYY[Q=K16N'UOZXKFS=1%]PW[;UQ/7:]=<W
M1&W8U<_N;^J_NS%MX^$!;*![X/M-Q9O.#08.;M],W6S</#F4^D\`I`%;_IBX
MF229D)G\FFB:U9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&VHB:B
MEJ,&HW:CYJ16I,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6KZ:Q<
MK-"M1*VXKBVNH:\6KXNP`+!UL.JQ8+'6LDNRPK,XLZZT);2<M1.UBK8!MGFV
M\+=HM^"X6;C1N4JYPKH[NK6[+KNGO"&\F[T5O8^^"KZ$OO^_>K_UP'#`[,%G
MP>/"7\+;PUC#U,11Q,[%2\7(QD;&P\=!Q[_(/<B\R3K)N<HXRK?+-LNVS#7,
MM<TUS;7.-LZVSS?/N-`YT+K1/-&^TC_2P=-$T\;42=3+U4[5T=95UMC77-?@
MV&38Z-ELV?':=MK[VX#<!=R*W1#=EMX<WJ+?*=^OX#;@O>%$X<SB4^+;XV/C
MZ^1SY/SEA.8-YI;G'^>IZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O0._,
M\%CPY?%R\?_RC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW_`?\
MF/TI_;K^2_[<_VW__P(,`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#38Q(#`@
M;V)J/#PO4W1E;58@,3,V+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04RU";VQD
M350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-S`P+T9L86=S(#,T
M+T1E<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-34X("TS,#<@,C`S-"`Q,#(V72]!
M<V-E;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG
M:'0@-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI
M8T%N9VQE(#`^/@UE;F1O8FH--C(@,"!O8FH\/"]3=&5M5B`X,B]&;VYT3F%M
M92]4:6UE<TYE=U)O;6%N4%--5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E
M:6=H="`T,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU-C@@
M+3,P-R`R,#(X(#$P,#==+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.
M97<@4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N
M=$1E<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TV,R`P(&]B:CP\
M+T]032`Q+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A
M;'-E+U--(#`N,#(^/@UE;F1O8FH-,2`P(&]B:CP\+T9I<G-T(#,U-B],96YG
M=&@@.#4T+T9I;'1E<B]&;&%T941E8V]D92].(#0V+U1Y<&4O3V)J4W1M/CYS
M=')E86T-"GC:Y)9;3]M`$(7_RDA]:1_:O=MK"2%Q:5K$5215'U`?#%E"U&!'
MQFGAW_>LAT"@+>"54!_ZD*QG?<XWX]V)LSE)\N0M%61R24J2\04I1;ERI#05
MF2=E,(]K93&ZC.(=):'"I<HPGT,9)R'548];1BO2X)G<$BZ5U3GIB$`J#9ZS
MFC1XF92D8<T<YL'+I2=(59YEI('R$&GP?.[)@%<830:\PF>$2RTM*C88"TLF
MIK+0.:22T`&A;8X'PU@@!MH@,`5&KPE6'>NR*-7FB,%S>!@+GL-SV5B21`Q>
MYA"#EQ6(P<LAMK%4CQB\`NOA4(I$$4ZA1)<3+$9[26MK8A>++.E8')5-J-I1
M$P(6_.'$0;AN=\,-*7%<S\)^.8^;$26CFWD0P[99G'6ZX[INU]<C\P1[`D'<
MGVZP/#@>,AYR'CP/7=*X,=V@>&"*9HIFBF:*9HIFBF:*9HIABF&*88IABF&*
M88IABF&*88IABF6*98IEBF6*98IEBF6*[2C?Q!%U%V(HAN&L%7ME-7G[\>#]
MI\UWW>H<+"ZO3F3LY*CNIBY".0Z-.!*;]?CFC98CK#@&C9F=:C:MPO"BQ%(/
MII-%$\1V4\^WRODR/%RT42*&\[(2GT?[>W`>->&\;B[+M@UC0(:+TZNS9CIO
M631<S$.S.C$ZW,!G"WL^"7"CPE.4<WMKT-W"-D^_AWJQ=*#"S?I:;$]_B(.8
M:88T'ZMQ5;<!$_@:H!ONHR\5'G"E3'1.#+]S.*AGL_IG&#^:1NZ=F'Q'#)KR
M,G3)'JP$ZF;!^OI_W7)HH8WXHXY=MTL2'>AO.W"Y-Q-RG;%KMQ6M>EYKBUNM
M7M'^UJB/3?[69%),-L7D4DQ9BBE/,?D44[%B^N-/^V]&)9.=*MF9U"`JJ4.4
M3:[2)3N3FD4E=8OJTRY.+5U%BDO+E`JU2G(E]8A>[9'EG^7CQY%+L7W!.^V.
M[/J(LS[B_/F:[\6^#[EX`7GYTC:RQQO>]/D[,+J/V/1X0--G!XU[;C5PEC@+
M&^=M:$A^D-W196,VG>`<U)9-*PYQ0KN)!YNOS;2=5I/]>AS$7C,Z9>-F?#6$
M.^<.#C)5VX4X[JQ$'>P^?K7,)GLRM?+_,/EKIGYZQ6-A3Z?>@@RM\5J[_4N`
M`0"ANK9H#0IE;F1S=')E86T-96YD;V)J#3(@,"!O8FH\/"].=6US6S`@,R`P
M(%)=/CX-96YD;V)J#3,@,"!O8FH\/"]3+T0^/@UE;F1O8FH--"`P(&]B:CP\
M+T-O=6YT(#$O5'EP92]086=E<R]+:61S6S4U(#`@4ET^/@UE;F1O8FH--2`P
M(&]B:CP\+U-U8G1Y<&4O6$U,+TQE;F=T:"`T-#$R+U1Y<&4O365T861A=&$^
M/G-T<F5A;0T*/#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI
M2'IR95-Z3E1C>FMC.60B/SX*/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B93IN
M<SIM971A+R(@>#IX;7!T:STB,RXQ+3<P,2(^"B`@(#QR9&8Z4D1&('AM;&YS
M.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X
M+6YS(R(^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@
M("`@("`@("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O
M,2XS+R(^"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R;V)A="!$:7-T:6QL
M97(@-RXP("A7:6YD;W=S*3PO<&1F.E!R;V1U8V5R/@H@("`@("`\+W)D9CI$
M97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70]
M(B(*("`@("`@("`@("`@>&UL;G,Z<&1F>#TB:'1T<#HO+VYS+F%D;V)E+F-O
M;2]P9&9X+S$N,R\B/@H@("`@("`@("`\<&1F>#I#;VUP86YY/E-E8W5R:71I
M97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;CPO<&1F>#I#;VUP86YY/@H@("`@
M("`@("`\<&1F>#I3;W5R8V5-;V1I9FEE9#Y$.C(P,#8P-S`V,34R,3,P/"]P
M9&9X.E-O=7)C94UO9&EF:65D/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*
M("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@
M("`@>&UL;G,Z>&%P/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(CX*
M("`@("`@("`@/'AA<#I#<F5A=&]R5&]O;#Y!8W)O8F%T(%!$1DUA:V5R(#<N
M,"!F;W(@5V]R9#PO>&%P.D-R96%T;W)4;V]L/@H@("`@("`@("`\>&%P.DUO
M9&EF>41A=&4^,C`P-BTP-RTP-E0Q,3HR,3HT."TP-#HP,#PO>&%P.DUO9&EF
M>41A=&4^"B`@("`@("`@(#QX87`Z0W)E871E1&%T93XR,#`V+3`W+3`V5#$Q
M.C(Q.C0T+3`T.C`P/"]X87`Z0W)E871E1&%T93X*("`@("`@("`@/'AA<#I-
M971A9&%T841A=&4^,C`P-BTP-RTP-E0Q,3HR,3HT."TP-#HP,#PO>&%P.DUE
M=&%D871A1&%T93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR
M9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS
M.GAA<$U-/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O;6TO(CX*("`@
M("`@("`@/'AA<$U-.D1O8W5M96YT240^=75I9#IB,61D-V-F-BUB,38P+30P
M9C0M83(T8RTQ9#8Y8V$U,S-D-3$\+WAA<$U-.D1O8W5M96YT240^"B`@("`@
M("`@(#QX87!-33I);G-T86YC94E$/G5U:60Z,3@Y,#EA,&0M.60X-BTT,V$Q
M+6)F,S0M,S)D-S$R,F(P,V(X/"]X87!-33I);G-T86YC94E$/@H@("`@("`@
M("`\>&%P34TZ5F5R<VEO;DE$/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@
M("`@("`@("`@("`@/')D9CIL:3XT/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO
M<F1F.E-E<3X*("`@("`@("`@/"]X87!-33I697)S:6]N240^"B`@("`@(#PO
M<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA
M8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G
M+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\9&,Z9F]R;6%T/F%P<&QI
M8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@
M("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@("`\<F1F.FQI('AM
M;#IL86YG/2)X+61E9F%U;'0B/DQE='1E<B!F;W)M870@9F]R($9O<FT@,3`M
M2R`O(#$P+4M30B`O(#(P+48@<F5V:65W("AA<R!O9B`Y+S(P+S`Q*3PO<F1F
M.FQI/@H@("`@("`@("`@("`\+W)D9CI!;'0^"B`@("`@("`@(#PO9&,Z=&ET
M;&4^"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@("`@("`@("`@("`\<F1F.E-E
M<3X*("`@("`@("`@("`@("`@/')D9CIL:3YU<SPO<F1F.FQI/@H@("`@("`@
M("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O<CX*("`@("`@
M("`@/&1C.G-U8FIE8W0^"B`@("`@("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@
M("`@("`@("`\<F1F.FQI+SX*("`@("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@
M("`@("`\+V1C.G-U8FIE8W0^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@
M("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@
M("!X;6QN<SIP:&]T;W-H;W`](FAT='`Z+R]N<RYA9&]B92YC;VTO<&AO=&]S
M:&]P+S$N,"\B/@H@("`@("`@("`\<&AO=&]S:&]P.FAE861L:6YE/@H@("`@
M("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:2\^"B`@
M("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]P:&]T;W-H;W`Z:&5A
M9&QI;F4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`\+W)D9CI21$8^
M"CPO>#IX;7!M971A/@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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@"CP_>'!A8VME
M="!E;F0](G<B/SX-"F5N9'-T<F5A;0UE;F1O8FH--B`P(&]B:CP\+T-R96%T
M:6]N1&%T92A$.C(P,#8P-S`V,3$R,30T+3`T)S`P)RDO075T:&]R*'5S*2]#
M<F5A=&]R*$%C<F]B870@4$1&36%K97(@-RXP(&9O<B!7;W)D*2]0<F]D=6-E
M<BA!8W)O8F%T($1I<W1I;&QE<B`W+C`@7"A7:6YD;W=S7"DI+TUO9$1A=&4H
M1#HR,#`V,#<P-C$Q,C$T."TP-"<P,"<I+T-O;7!A;GDH4V5C=7)I=&EE<R!A
M;F0@17AH86YG92!#;VUM:7-S:6]N*2]3;W5R8V5-;V1I9FEE9"A$.C(P,#8P
M-S`V,34R,3,P*2]4:71L92A,971T97(@9F]R;6%T(&9O<B!&;W)M(#$P+4L@
M+R`Q,"U+4T(@+R`R,"U&(')E=FEE=R!<*&%S(&]F(#DO,C`O,#%<*2D^/@UE
M;F1O8FH->')E9@T*,"`U,PT*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`V
M-C,V(#`P,#`P(&X-"C`P,#`P,#<U.#4@,#`P,#`@;@T*,#`P,#`P-S8Q."`P
M,#`P,"!N#0HP,#`P,#`W-C0Q(#`P,#`P(&X-"C`P,#`P,#<V.3(@,#`P,#`@
M;@T*,#`P,#`Q,C$X,"`P,#`P,"!N#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P
M,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V
M-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@
M9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"G1R
L86EL97(-"CP\+U-I>F4@-3,^/@T*<W1A<G1X<F5F#0HQ,38-"B4E14]&#0H_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----